

The accounting newsletter my uni made me sign up to had an article criticizing this from the SMSF association.
Their key complaint is “unrealized capital gains” which is … real estate basically. You can tax shares and they can just sell a few, “unrealized capital gains” only makes sense if you’re using your super fund to evade income tax as a property investor. These elites, even the obscure accounting newsletter elites, know full-well what they’re doing.
He probably arranged for this himself. Wouldn’t put it past him.