11000 people have more that $5M in Superannuation and around 80000 have more than $2M. There have been calls to limit how much one can have in their fund. These high balances cost the government in lost revenue due to the generous nature of tax on the accounts.
The Government are fish bowling the definition and purpose of Super.
They will the look at the high balances situation.
At its core, Super is to fund or part fund ones retirement, not meant as a wealth creation tool. I can see limits being imposed. $2M and $5M are figures been touted as limits.
