April 9th 2005


  Buy Issue 2704
Qty:

Articles from this issue:

EDITORIAL: Why did Terri Schiavo have to die?

CANBERRA OBSERVED: Welfare to work: serious changes needed

NATIONAL AFFAIRS: Trade and Australia's farm dependent economy

NATIONAL AFFAIRS: Infrastructure back on the agenda

FILM CLASSIFICATION: Report whitewashes declining film standards

FOREIGN AFFAIRS: Australia, Indonesia to negotiate new treaty

STRAWS IN THE WIND: Relearning Federalism / 'New' thoughts on marijuana / Kofi's whitewash

Neglect of public infrastructure (letter)

New deal for superannuation (letter)

Compelling case for rail transport (letter)

Selling the nation's assets (letter)

AUSTRALIAN HISTORY: The Labor Split - 50 years on

FAMILY: AFA calls for adopting parents to be married

FAMILY LAW: Family Court 'a monstrosity'

BIOETHICS: Australian stem cell breakthrough - adult nose cells pluripotent

OPINION: Pot goes in the too-hard basket

ENVIRONMENT: The death of environmentalism?

BOOKS: OUTRAGE: How Gay Activists and Liberal Judges Are Trashing Democracy to Redefine Marriage

BOOKS: LIBERATION'S CHILDREN: Parents and Kids in a Postmodern Age

Books promotion page

survey link

FONT SIZE:

New deal for superannuation (letter)


by Robert Bom

News Weekly, April 9, 2005
Sir,

From July 1, 2006, employees under state award systems will get freedom of choice for their superannuation contributions.

This move will help to end the loophole established during the Hawke-Keating governments to mandate and direct employees' superannuation towards union-dominated industry funds.

When they were first put into place, the union funds caused controversy within financial circles, as life insurance statutory funds were used.

The cost and maintenance of the union funds were a heavy burden to life insurance policyholders. Bonuses paid to policyholders were drastically reduced.

Many millions of dollars were being redirected towards the upkeep of the new funds.

Understandably, the unions were happy with the deal, but life insurance policyholders have never been compensated.

The challenge now will be for union funds to publish their fees and charges under a standard formula that will be required from all other superannuation funds.

Robert Bom,
Rockhampton, Qld




























Join email list

Join e-newsletter list


Your cart has 0 items



Subscribe to NewsWeekly

Research Papers



Trending articles

NATIONAL AFFAIRS Cardinal rebuts commission's 'Get Pell' campaign

COVER STORY Anti-discrimination law validates Safe Schools

U.S. AFFAIRS First Brexit, now Trump: it's the economy, stupid!

INDUSTRY AND ENVIRONMENT Wikileaks reveals U.S, funding behind anti-coal campaign

COVER STORY QUT discrimination case exposes Human Rights Commission failings

FOREIGN AFFAIRS How the left whitewashed Fidel Castro

ANALYSIS What is possible to a Trump Whitehouse



News and views from around the world

Frequently asked questions about section 18C (Simon Breheny)

Chilean legislators kill explicit sex-ed program (LifeSite News)

France to ban people with Down syndrome from smiling (The Huffington Post)

Child abuse and family structure: What is the evidence telling us (Family First NZ)

Woolworths beats ACCC supplier mistreatment case (Eli Greenblat)

Australia set to ride the quantum computing wave (Science in Public)

Weatherill warns states could introduce carbon prices (Rosie Lewis)

Green-left legerdemain doesn't make religion relevant (Fr James Grant)

Mass murderer Castro dies unpunished (Augusto Zimmermann)

The rise of political correctness (Angelo Codevilla)



























© Copyright NewsWeekly.com.au 2011
Last Modified:
December 2, 2016, 2:36 pm