The proposed tax on unrealised gains will yield the Government...

The proposed tax on unrealised gains will yield the Government miles more than normal tax on realised gains. Much of the gains tax will be on holdings less than a year old, are they going to pay half the tax back after they reach 1 year old? When tax is paid (regardless of asset age) and the taxed value then falls (eg, IMU at 62c) are they going to refund tax on the drop? The most likely would be to offset future gains until (if) they ever reach the already taxed level.

Also, over time indexation will simply see superannuation become meaningless.

This would have lost them the election had it been proposed before the election.