The way I’m reading the speculation, you’ll be able to have as big a balance as you like, they are just proposing taxing earnings on balances over that amount at your full marginal rate.

So if you have a bunch of shares in your #smsf that pay a dividend you’ll be liable for ~50% tax on those dividends.

#bitcoin pays no dividend so no tax will be due. If you sell then obviously cap gains is due and they may force withdrawal of balances over $3m at retirement but show me a bitcoiner with $xm in self custody #bitcoin that doesn’t enjoy an afternoon on a boat.