The AFR is now saying that the $5M overall cap is likely to be in the May budget as is the "freezing" of the rise of the TBC to $1.9M due to indexation for July next year.
The first is reasonable and will take some of the heat out of the arguments from the anti-super brigades when they can't point to massive $100M SMSFs.
The freezing of the indexed rise of the TBC balance cap would be just deceitful and a horrific example of everything that's wrong with politics and the way they just play around with Super and people's futures with a stroke of the pen.
I agree with an indexed $5m overall cap but not when the word "indexed" means nothing and can't be trusted. Indexing something is a commitment in advance to agree an a change in lockstep with CPI increases. If the Govt of the day can't be trusted to let indexation occur as agreed when caps are introduced, then the whole thing is a sham.
