It's not that I have forgotten that the 50% rebate after 12...

It's not that I have forgotten that the 50% rebate after 12 months to capital gains will be taken away. I simply have not caught up with this. I am presuming another one of Bill's ideas? hmmm I would need to read up on that and guessing that even in super accumulation phase the 15% tax on cap gains if less sale is made when asset held for less than 1 year applies to over one year as well, rather than the 10% tax which applies now.

No cheap lunches it seems for the self funded retirees, indeed. Personally, I'd certainly like to see a cap on those non-refundable excess franking credits as this hits hard and suddenly on those of us whose incomes will take a sudden and alarming cut overnight, with little chance to plan for this. Also, the unintended consequences on low income shareholders who are outside the "system" will be massive in terms of the percentage of their income affected. Only if they are within a pensionable age group can they then apply for more/full pension, otherwise they will be adversely affected big time. That is very unfair. Sadly, I expect to see more of these kinds of policy from BS who thinks her can make changes without being aware of the full consequences of such changes.