January 31st 2004

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Articles from this issue:

COVER STORY: More surprises likely in Queensland poll

EDITORIAL: The dark side of the Internet

TRANSPORT: Waterfall crash report indicts NSW State Rail Authority

CANBERRA OBSERVED : Vultures circle wounded Democrats

STRAWS IN THE WIND: Paper children / The peripatetics / The serious people we are losing

SOUTH AUSTRALIA: Mixed outcome on same-sex bill

ECONOMY: Amend Trade Practices Act to protect small business

Super rethink needed (letter)

Population: quality, not quantity (letter)

Upgrade our rail system (letter)

FAMILY: Fatherhood and marriage - a vital connection

COMMENT: Castro's legacy: the New Left

TAIWAN: March election a key issue in China

TRADE: NAFTA - lessons for Australia

BOOKS: DIGNIFIED AND EFFICIENT: The British Monarchy in the Twentieth Century

BOOKS: A NEW CITY: Photographs of Melbourne's Land Boom, edited by Ian Morrison

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Super rethink needed (letter)

by Tom King

News Weekly, January 31, 2004

As one of many thousands of losers conscripted into the compulsory superannuation lottery, I am astounded by the lack of interest in Australia's flawed system.

I do not wish to prolong this letter by reflecting on the negative and marginal performance in the immediate past. I wish to underline the complacent indifference taken by most media commentators and all politicians.

The recent revelation, concerning that fact that some 500 funds have gone missing, should have triggered a national alert. But it didn't.

We find the trustees can face a fine of $3,000. This will no doubt strike terror into the hearts of the trustees of the other 12,000 regulated funds, and the 200,000 self-regulated super funds.

Who was it who suggested we reside in the "clever country"? Why is there so little interest in the Singapore model Provident Fund for Australia's financial security and national development?

Tom King,
Elanora, Qld

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