The Do you want to Pay Tax on Gains You Haven't Made Yet? This is the government's new proposed policy.

The Labor governments’ proposed changes to superannuation tax rules would introduce a tax on unrealised capital gains — meaning you could be taxed on investment growth that hasn’t been sold or turned into income.

While the goal may be to improve the fairness of the system, this approach risks unintended consequences for investors, retirees, and the broader economy.

 

WHY THIS MATTERS

Impacts retirees and long-term investors – Australians who’ve carefully built up their super over decades  may be penalised for doing the right thing.

Taxing the unknown – You may  face a tax bill based on market movements that may later reverse. If the value of your investments goes down, the tax stays.

Distorts investment behaviour – Investors may move away from growth assets like shares or property, shifting capital into less productive areas of the economy.

Hurts economic growth – A tax on unrealised gains discourages risk-taking and could reduce investment in small and medium-sized businesses — the engine of Australia’s economy.

 

“If you have to pay tax on a gain that you may never get when it's gone up and then it falls, then you're in a pretty dire situation”
— Geoff Wilson, Wilson Asset Management (Sky News, 30 April 2025)

 

Join Thousands of Concerned Australians

This isn’t about avoiding tax. It’s about ensuring tax policy is practical, transparent, and based on real outcomes — not hypothetical ones.

By signing this petition, you're calling on the government to rethink the plan to tax unrealised gains and explore a more practical, balanced solution that:

  • Encourages investment in Australian companies

  • Rewards long-term super growth

  • Avoids unnecessary tax burdens based on paper figures

  • Keeps our retirement system stable and predictable

 

If you believe tax should only be paid on actual profits — not on estimates or paper gains — make your voice heard.

Once we reach 10,000 signatures, we will present the petition to the government to show just how important this issue is to everyday Australians.

Let’s preserve the integrity of our super system and support policies that reward real growth — not punish it.

 

SIGN PETITION