Just read an article from Robert Gottleibson in Eureka report, 22 oct 2022 that said "You can bet London to a Brick" that anything over 5 Mill will be transferred to personal account from super fund. Not clear if this includes 'hard' assets (I assume it does). I reacted badly at first but am changing my mind to think it is appropriate, even a damn fine idea. Hardest on those that hold assets like a farm or three, but it seems that they might have been a bit too clever for their own good now, given it wasn't designed to be a wealth transfer tool. Interesting times ahead, i'd bet London to a brick on it if I had a brick...Anyone remember Kenny Everett's joke about that? Funny stuff.
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- Talk of a $5M Cap on Superannuation Balances.
Talk of a $5M Cap on Superannuation Balances., page-31
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