Agreed.

I've never contributed more than I was compelled to because of this. I was so disillusioned by the whole scheme that I set up a SMSF and dumped it into Bitcoin before I'd built up much conviction in Bitcoin. The biggest drawcard for me was being able to custody the asset. With hindsight, it worked out well for me.

They're already seeking to tax unrealised gains on superannuation balanced over $3m AUD (Division 296). That $3m figure is not even indexed to CPI, so you can imagine how many will be effected by it over the years.