Ironic that you have posted this on Paul Keating's birthday!! The Labor party politician who concocted this flawed retirement savings system on unsuspecting Australians.
A system that allows successive politicians (both left and right) to see the forced savings of Australians as a nice honey pot to raid (tax) whenever they please.
The latest absurdity is to limit [lifetime] savings to $1.6 million AUD or face pernicious tax at 49%.
The Australian sheeple have now become so intoxicated and addicted to the welfare state that the National Superannuation, taxation and health care systems are beyond repair.
A very lamentable outlook indeed.
I had no idea it was Paul Keatings birthday. That is funny.
I imagine the politicians will keep chipping away at it over the next decades if a financial system reset doesn't wipe us all out first. Anyway, if there's anything left by the time I retire I will be surprised.