Welcome to the nightmare of ALP/ Green Govt, page-9

From todays Fin Review....

Teal independent Allegra Spender is working with crossbench senator David Pocock and others in a bid to stop the government taxing unrealised gains as part of its planned tax hike on superannuation accounts worth more than $3 million.

Financial advisers have slammed an unexpected move from the government to tax unrealised gains and losses in superannuation funds, warning there would be “massive pushback” on the proposal.Treasury announced on Tuesday that it would include “all notional gains and losses” in its calculation of earnings under the Albanese government’s controversial plan to crack down on generous superannuation tax concessions.