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Speaking of the super tax proposal being misrepresented, The Australian today has this gem of outrage from a reader: "Are SMSFs going to be required to have the assets in their funds valued every year?" Well, yes, in accordance with long-standing policy. 🙄 #auspol www.ato.gov.au/tax-and-supe...

May 23, 2025, 10:59 PM

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  "text": "Speaking of the super tax proposal being misrepresented, The Australian today has this gem of outrage from a reader:\n\n\"Are SMSFs going to be required to have the assets in their funds valued every year?\"\n\nWell, yes, in accordance with long-standing policy. 🙄  #auspol\n\nwww.ato.gov.au/tax-and-supe...",
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        "alt": "\nFour pieces published in The Australian, 24 May 2025.\n\n1. LAST POST\nHeadline: Super tax plan presents an opportunity for opposition\n\nFarmers and small businesses are likely to be the hardest hit by the proposed unrealised capital gains tax. Why then have the Liberals and Nationals run dead on the issue?\n\n2. LETTERS\nHeadline: Super tax shows basic misunderstanding of economics\n\nAre SMSFs going to be required to have the assets in their funds valued every year? It is beyond belief the country is being run by a government that does not understand these basic concepts.\n\n\n\n3. COMMENTARY\n\nImage: Then-Prime Minister Paul Keating at the launch of the Superannuation Plan at a Berlei lingerie factory in Sydney, August 1995\n\nHeadline: Chalmers destroys Keating’s vision\n\nJim Chalmers is set to be remembered as the treasurer whose unrealised capital gains tax destroyed the historic 1992 universal superannuation vision of Paul Keating.\n\nBy Robert Gottliebsen\n\n\n4. COMMENTARY\n\nImage: Treasurer Jim Chalmers, hands raised mid-gesture, eyes wide, and mouth open in mid-sentence - an image chosen not for neutrality, but to subtly reinforce the accompanying critique by making the Treasurer appear flustered or defensive. NewsWire Photos - May 20, 2025\n\nHeadline: Super tax is ‘poorly conceived and poorly executed’\n\nWith Labor desperately seeking revenues, there must be a material likelihood that the approach will eventually be applied more broadly, increasing the damage it wreaks.\n\nBy Henry Ergas",
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