Australian Politics Forum - Govt scrapping union super domination

bogarde73

Gold Member

Offline

Anti-Global & Contra Mundum

Posts: 18443
Gender: male

Govt scrapping union super domination
Jan 11^th, 2016 at 1:58pm

The federal government wants all Australian workers to choose where their superannuation is paid under plans to scrap fund restrictions for four million employees.

Assistant Treasurer Kelly O'Dwyer on Monday confirmed a proposal to scrap laws allowing employers to limit fund choice, amid analysis showing 26 per cent of workers on enterprise bargaining agreements had no option.

"Your superannuation is your money... you should be able to say where that money goes," she told reporters in Hobart.

Back to top

Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism.

IP Logged

bogarde73 Gold Member Offline Anti-Global & Contra Mundum Posts: 18443 Gender:	Re: Govt scrapping union super domination Reply #1 - Jan 11^th, 2016 at 1:59pm And not before time. Well done Malcolm. This will allay the fears of the doubters.
Back to top	Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism. IP Logged

Dsmithy70

Gold Member

Offline

ire futuis vobismetipsis

Posts: 13147
Newy
Gender: male

Re: Govt scrapping union super domination
Reply #2 - Jan 11^th, 2016 at 2:06pm

We have 60 employees
We put super into 24 different funds
It takes an office employee a full day every month.

All for super & choice but at some stage a line must be drawn.

Lets compromise an employer has to offer say 10 choices

If an employees doesn;t like those choices their super and all obligations that go with it are transferred to the employee once a month.

Back to top

REBELLION is not what most people think it is.
REBELLION is when you turn off the TV & start educating & thinking for yourself.
Gavin Nascimento

IP Logged

Kytro

Gold Member

Offline

Blasphemy: a victimless
crime

Posts: 3409
Adelaide
Gender: male

Re: Govt scrapping union super domination
Reply #3 - Jan 11^th, 2016 at 2:09pm

Dsmithy70 wrote on Jan 11^th, 2016 at 2:06pm:

We have 60 employees
We put super into 24 different funds
It takes an office employee a full day every month.

All for super & choice but at some stage a line must be drawn.

Lets compromise an employer has to offer say 10 choices

If an employees doesn;t like those choices their super and all obligations that go with it are transferred to the employee once a month.

This just sounds like procedural problem.

The ATO should really manage super along with collecting PAYG.

Back to top

IP Logged

Its time Gold Member Offline Boot libs out Posts: 25639 Gender:	Re: Govt scrapping union super domination Reply #4 - Jan 11^th, 2016 at 2:09pm We have always had this choice in WA, is it different in other states ?
Back to top	IP Logged

Dsmithy70

Gold Member

Offline

ire futuis vobismetipsis

Posts: 13147
Newy
Gender: male

Re: Govt scrapping union super domination
Reply #5 - Jan 11^th, 2016 at 2:27pm

Kytro wrote on Jan 11^th, 2016 at 2:09pm:

Dsmithy70 wrote on Jan 11^th, 2016 at 2:06pm:

We have 60 employees
We put super into 24 different funds
It takes an office employee a full day every month.

All for super & choice but at some stage a line must be drawn.

Lets compromise an employer has to offer say 10 choices

If an employees doesn;t like those choices their super and all obligations that go with it are transferred to the employee once a month.

This just sounds like procedural problem.

The ATO should really manage super along with collecting PAYG.

Oh it's procedural alright.

Some of these funds are just downright PAINFUL.

State Super would not even accept EFT, had to send cheque.

Back to top

REBELLION is not what most people think it is.
REBELLION is when you turn off the TV & start educating & thinking for yourself.
Gavin Nascimento

IP Logged

bogarde73 Gold Member Offline Anti-Global & Contra Mundum Posts: 18443 Gender:	Re: Govt scrapping union super domination Reply #6 - Jan 11^th, 2016 at 2:29pm Assistant Treasurer Kelly O'Dwyer on Monday confirmed a proposal to scrap laws allowing employers to limit fund choice, amid analysis showing 26 per cent of workers on enterprise bargaining agreements had no option.
Back to top	Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism. IP Logged

John Smith

Gold Member

Offline

Australian Politics

Posts: 78311
Gender: male

Re: Govt scrapping union super domination
Reply #7 - Jan 11^th, 2016 at 2:35pm

I thought this had already been dealt with.

Dsmithy70 wrote on Jan 11^th, 2016 at 2:06pm:

If an employees doesn;t like those choices their super and all obligations that go with it are transferred to the employee once a month.

I think it should be up to the ATO to collect and disperse to whichever fund employees wanted. They already have accounts on everyone. I wouldn't imagine it's very difficult or much more expensive for them to amend their systems to accommodate super.

Back to top

Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

IP Logged

cods

Gold Member

Offline

Australian Politics

Posts: 88048

Re: Govt scrapping union super domination
Reply #8 - Jan 11^th, 2016 at 2:37pm

bogarde73 wrote on Jan 11^th, 2016 at 2:29pm:

Assistant Treasurer Kelly O'Dwyer on Monday confirmed a proposal to scrap laws allowing employers to limit fund choice, amid analysis showing 26 per cent of workers on enterprise bargaining agreements had no option.

thats what I read from this Union corruption things...I dont know if its all unions but some at least make their members join the Union controlled superfund..

Quote:

UNION-CONTROLLED industry super funds spent $31 million of members’ money on advertising over the past year, including a $7 million political campaign against changes to shake up competition.

The media blitz by the industry super funds is almost double the spending of all the retail superannuation funds, according to Nielsen data provided to corporate clients.

Legislation to dilute the influence of board-appointed union officials by mandating a third of all directors be independent is stalled in the Senate.

Legislation to give individuals a choice of super fund rather than be forced into an industry fund will be introduced in the new year.

Back to top

IP Logged

Dsmithy70

Gold Member

Offline

ire futuis vobismetipsis

Posts: 13147
Newy
Gender: male

Re: Govt scrapping union super domination
Reply #9 - Jan 11^th, 2016 at 2:43pm

cods wrote on Jan 11^th, 2016 at 2:37pm:

UNION-CONTROLLED industry super funds spent $31 million of members’ money on advertising over the past year, including a $7 million political campaign against changes to shake up competition.

The media blitz by the industry super funds is almost double the spending of all the retail superannuation funds, according to Nielsen data provided to corporate clients.

Legislation to dilute the influence of board-appointed union officials by mandating a third of all directors be independent is stalled in the Senate.

Legislation to give individuals a choice of super fund rather than be forced into an industry fund will be introduced in the new year.

Union controlled super funds I.E Industry Super funds continually out perform their commercial counterparts despite what you have posted.
As an exercise & to broaden your knowledge Cods why don;t you find out how much members money commercial super funds spent on advertising & lobbying FOR changes in their favour.(ie what union funds opposed)

Also seeing your there why not ask why they never do as well as the thieving Union funds.

Back to top

« Last Edit: Jan 11^th, 2016 at 2:56pm by Dsmithy70 »

REBELLION is not what most people think it is.
REBELLION is when you turn off the TV & start educating & thinking for yourself.
Gavin Nascimento

IP Logged

Redmond Neck

Gold Member

Offline

OzPolitic

Posts: 22960
ACT
Gender: male

Re: Govt scrapping union super domination
Reply #10 - Jan 11^th, 2016 at 2:53pm

Funny though isnt it the union controlled super funds produce the best returns.

Perhaps a bit of advertising pays off codsy, good to see them running the more efficient funds

This might backfire on the private ones controlled by banks largely, one company I worked for required us employees to use a certain fund because it cost them the least in employer administration fees so the employees will be opting out of those rip off ones.

Be careful what you wish for private funds !

Back to top

« Last Edit: Jan 11^th, 2016 at 3:37pm by Redmond Neck »

BAN ALL THESE ABO SITES RECOGNITIONS.

ALL AUSTRALIA IS FOR ALL AUSTRALIANS!

IP Logged

Its time

Gold Member

Offline

Boot libs out

Posts: 25639
Gender: female

Re: Govt scrapping union super domination
Reply #11 - Jan 11^th, 2016 at 3:20pm

Dsmithy70 wrote on Jan 11^th, 2016 at 2:43pm:

cods wrote on Jan 11^th, 2016 at 2:37pm:

UNION-CONTROLLED industry super funds spent $31 million of members’ money on advertising over the past year, including a $7 million political campaign against changes to shake up competition.

The media blitz by the industry super funds is almost double the spending of all the retail superannuation funds, according to Nielsen data provided to corporate clients.

Legislation to dilute the influence of board-appointed union officials by mandating a third of all directors be independent is stalled in the Senate.

Legislation to give individuals a choice of super fund rather than be forced into an industry fund will be introduced in the new year.

Union controlled super funds I.E Industry Super funds continually out perform their commercial counterparts despite what you have posted.
As an exercise & to broaden your knowledge Cods why don;t you find out how much members money commercial super funds spent on advertising & lobbying FOR changes in their favour.(ie what union funds opposed)

Also seeing your there why not ask why they never do as well as the thieving Union funds.

Sound advice , fell on deaf ears Tongue

Back to top

IP Logged

Bam

Gold Member

Offline

Australian Politics

Posts: 21905
Gender: male

Re: Govt scrapping union super domination
Reply #12 - Jan 11^th, 2016 at 3:35pm

Kytro wrote on Jan 11^th, 2016 at 2:09pm:

Dsmithy70 wrote on Jan 11^th, 2016 at 2:06pm:

We have 60 employees
We put super into 24 different funds
It takes an office employee a full day every month.

All for super & choice but at some stage a line must be drawn.

Lets compromise an employer has to offer say 10 choices

If an employees doesn;t like those choices their super and all obligations that go with it are transferred to the employee once a month.

This just sounds like procedural problem.

The ATO should really manage super along with collecting PAYG.

This may be why employers limit superannuation choices for their staff. Rudd proposed a clearing house for superannuation in 2007. It was a good idea but was never implemented.

As you suggested, superannuation should go through the ATO, then there would be one payment instead of dozens.

Back to top

You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

IP Logged

Sir Grappler Truth Teller OAM

Gold Member

Online

Australian Politics

Posts: 89837
Proud Old White Australian Man
Gender: male

Re: Govt scrapping union super domination
Reply #13 - Jan 11^th, 2016 at 8:13pm

So they'd rather that all super donations be placed in the hands of their mates who need a guaranteed income for life, even though the union funds make a better % return than business run ones?

Anyone else for a class war? What else could this be?

No wonder people are becoming as alienated as boat smugglers done out of a living, who may well turn to jihad....

Back to top

“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

IP Logged

Sir Grappler Truth Teller OAM Gold Member Online Australian Politics Posts: 89837 Proud Old White Australian Man Gender:	Re: Govt scrapping union super domination Reply #14 - Jan 12^th, 2016 at 1:42am We-ell! That stopped the conversation!
Back to top	“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.” ― John Adams IP Logged