Game Theory assumes players are rational and play the best game. 1. SMSFs can transfer into industry funds 2. Self funded retirees can sell down to receive a pension 3. Restructure into lower yielding equities and selling to fund expenses 4. Funds can restructure to pay unfranked dividends Every Australian can act rationally to improve their position to counteract this policy and increase costs to the government and/or impact investment in Australian companies. If Labor wins this election and legislates this policy then they must be held accountable to provide evidence of Its outcome. I believe this policy if implemented will have a negative impact on Australia.