Look who is sponsoring the ACTU Congress?

What ever happened to the sole purpose test that legally governs the behaviour of trustees of superannuation funds?  You know, the one that means that the retirement incomes of the members are the only focus of the activities of superannuation funds.

When did sponsoring the ACTU Congress, to be held in Brisbane next week, fall into the category of maximizing the retirement incomes of the members?

The Royal Commission might care to take a look at this issue.  And in the meantime, what the hell is APRA doing that it just turns a blind eye to this misuse of members’ funds?

ACTU thanks all our Sponsors and Partners for supporting the 2018 ACTU Congress in Brisbane 17 and 18 July 2018.

 

 ADA Australia undefined
AIST    undefined
undefined  undefined
undefined undefined
Cbus The Creative Works
 Centre for Future Work undefined 
   
 undefined undefined
undefined undefined
IFS undefined
Maurice Blackburn undefined
  McKell Insitute undefined
 Member Advantage undefined
undefined  undefined
undefined  undefined
Slater and Gordon  Motor Report
undefined  
 TUH Twu Super
Union Shopper  undefined
Qualitops  undefined
This entry was posted in Uncategorized. Bookmark the permalink.

27 Responses to Look who is sponsoring the ACTU Congress?

  1. RobK

    Those windmills and solar sponges wont build themselves.

  2. RobK

    Well posted Judith and Frank. I hadnt seen Frank’s before but concur with its thrust.

  3. ENYAW

    I smell …Illegal !..am I right or wrong ?

  4. Rae

    Surely, Judith, you can do better than just clickbait to get a few people stamping their little feet.

    ACTU Congress 2018 Sponsors

    I would think that Super Funds and others can legitimately sponsor an event which is of more than passing moment for their members and shareholders. An event that might just have some bearing on the way those Funds and other need to operate their businesses for the benefit of their members and shareholders.

  5. Dr Fred Lenin

    Isn’t it strange that people don’t expect criminal behaviour from the criminals who run the union movement and their suckhole carpetbagger comrades . The union gang is full of crims,always has been Williamson Thompson giliard and Wilson setka and gang the unions are even a whisper more criminal than the alp and the lawtrade . All the super fiddles will be over when the polliemuppets get their dirty hands on members money and drain the funds , like they have the treasury ,it’s only a matter of time ,all that money to buy welfare votes and stay in power . Career pollies are rubbish need to be gulagged for life .

  6. Judith Sloan

    You’re joking, Rae? Right?

  7. Bruce of Newcastle

    Every crocodile in the swamp.

  8. Judith Sloan

    Private sector unionisation less than 10 per cent. Enough said.

  9. H B Bear

    IFS – the ticket clipper’s ticket clipper.

    Wanna buy a windmill?

  10. Davo

    What’s the big deal? Doesn’t everyone know that the laws of the land do not apply to unions.

    I still think much of the ‘franking drama’ from short Bill is conveniently aimed at helping these same Super funds benefit by driving people out of SMSFs…even better if you have a default insurance scam that people had to opt out of. On the verge of unconscionable dealing.

    Just like Super funds advertising for people to join them, sponsoring football teams, commonwealth games touch runs etc. If people want to do that, fine, they can do it with their own money; not mine. Using ads to get bigger can only make getting good gains harder as it limits the companies you can invest money in…unless of course you are running the fund and get bonuses based on the funds under management

    Its called a scam

  11. Mak Siccar

    Judith, Scroll the Troll!

    Judith Sloan
    #2761438, posted on July 12, 2018 at 3:47 pm
    You’re joking, Rae? Right

  12. Mak Siccar

    Couldn’t agree more!

    Davo
    #2761478, posted on July 12, 2018 at 4:32 pm
    What’s the big deal? Doesn’t everyone know that the laws of the land do not apply to unions.

    I still think much of the ‘franking drama’ from short Bill is conveniently aimed at helping these same Super funds benefit by driving people out of SMSFs…even better if you have a default insurance scam that people had to opt out of. On the verge of unconscionable dealing.

  13. duncanm

    “The New Daily” anyone?

    To the tune of $3M at startup.. and god knows how much since.

    I asked my super fund “WTF?” – they’re excuse was that it wasn’t coming out of member’s funds, it was coming out of the admin fees, so it was all a-ok.

  14. Texas Jack

    If you’re interested in figuring out the M.O. behind the nice ad-infused facade of Union/Super collusion there are some reminders here, here, here, and here!

    The old union-official-as-fund-trustee trick didn’t work out so well.

  15. Nerblnob

    So Frank Walker is “.”?
    Not that I have a problem with either poster.

    Most Australians are still under the illusion that the unions fight on behalf of all workers.

    It still hasn’t filtered through that they take money from all workers by weaselling themselves into fund management etc, and they as often fight against the interests of the dwindling private industry membership.

    Australia is only at the stage of early 1960s USA when it comes to waking up to union criminal racketeering.

  16. Mark

    I think that the “ Sole Purpose Test” only applies to self managed funds
    More flexibility with industry funds

  17. Roberto

    I asked my super fund “WTF?” – they’re excuse was that it wasn’t coming out of member’s funds, it was coming out of the admin fees, so it was all a-ok.

    In which case the fund is deducting admin fees in excess of its costs. So why not just reduce the admin fees?

  18. Habib

    That’s a handy avoid list. Couldn’t see myself darkening their doors anyway- more than the odd conflict of interest there as well.

  19. BrettW

    How is the 1st People’s Congress funded? If receive Government funds they should not be donating to ACTU.

  20. Judith Sloan

    Mark. You are wrong.

  21. None

    Holy Cow this is appalling.

  22. None

    Private sector unionisation less than 10 per cent. Enough said.

    Yep.

    Only public sector unionisation buoyant (relatively speaking) but public sector unions should be banned IMHO for, as long as unions are linked to political parties, public sector unions are antidemocratic. Not that that will stop the leeches getting their hands into your pockets in other ways as we can see above.

  23. cohenite

    Industry super and renewables is the biggest financial scandal in this country. The pea-hearted msm, apart from a few exceptions won’t comment because of… well, who knows.

  24. Mon

    So the kick back to these obvious labor supports would be, what…..

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.