Have a read of this https://www.finance.gov.au/governme...ntary-contributory-superannuation-scheme-pcssReality is the wealthy wont exceed the $3m going forward.
Meanwhile what is happening of those up at the trough (Albo) with the defined benefit (super) scheme ?
The constitutionally protected funds didnt exclude themselves from surcharge or Div293 so why would this be any different.
Noted, that this fund doesn't hold any assets so no direct earnings to the members. So Albo may decide he is exempt and wear the fallout from protecting his $350k pa pension against the $340k pa alternative.