Nothing has been said about what will happen to share prices and, by extension, to superannuation balances if CGT changes will be applied to sales of shares and are not grandfathered. Grandfathering of CGT on shares and similar financial product is essential if share market chaos is to be avoided or mitigated.

Another words, if CGT is reduced to say 25% on profits from share sales, Shares already owned before the change should use the existing 50% rate because those investments were made under the condition of a 50% rebate when held for over a year.

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