Tag: superannuation

SEC Regulators: Private Equity Is on a Crime Spree

LNP has plans to offer superfund management totally to Private Equity firms despite the fact Trade Unions have provided their members with the best outcomes and lowest fees. (ODT)

via SEC Regulators: Private Equity Is on a Crime Spree

Super reforms are good policy. The Coalition’s integrity is at stake if it rejects them | Ian Yates | Opinion | The Guardian

The notion that super tax breaks are some kind of reward for Liberal party supporters’ votes and donations is macabre and disturbing

Source: Super reforms are good policy. The Coalition’s integrity is at stake if it rejects them | Ian Yates | Opinion | The Guardian

“Tell The Leaners My Cigars and Whiskey Are Good For The Economy” Jolly Joe

 

Hockey in his eagerness to do something right for a change tripped  and found himself licking Palmer arse. He’s delayed the increase in compulsory super   from 9.5% to 12% for another 7 years. Of course Joe magnanimously said the workers will see that extra money in their pay packets. A straight out lie because employers are not obligated to pass it on.

Tell me an employer that will pass on a 2.5% wage increase when they are not obliged to. His man will go down in history as little more than a waste of space. Please explain Mr Treasurer

If it stays with employers the best way to grow superannuation in Australia is to have a stronger economy because ultimately because superannuation is invested back into the economy’

If the employer keeps the money Joe it’s not my super Joe it’s his new Merc or his overseas trip. It’s the Christmas present my wife or kid just might miss out on. Maybe the school excursion. What utter horse shit is the man saying the improvement in my employer’s life style is good for the economy. That’s as Liberal as you can get and Abbott is running the same line on this.