Speaking to a group of accountants they are of the opinion it...

Speaking to a group of accountants they are of the opinion it wont change anything. They believe that as the compulsory super is in place it is just there. No-one really manages it until 40 some at 4-0 increase their contributions but most only start looking hard at the money in their 50's. You cannot avoid Super and now ATO discloses your super value - I am not sure if its for all or just those with SMSF. The days of not paying into super ... are probably over.

The so called super wealthy that have up to $10 million is so rare as to be irrelevant. Really what they were saying is that this is the first step to taxing super in retirement and they want the rate at least @ 15% so that they dont have to pay out all the franking credits - its huge but really by the time tax kicks in its already the only game in town for retirement. The amount refunded in franking credits is huge and growing each year as I understand it. There has been a shift from interest based income to a spread of Interest and dividends many of them franked..
This is increasing as interest rates tank.