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Unions feeding on members' super funds (Read 1580 times)
juliar
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Re: Unions feeding on members' super funds
Reply #15 - Sep 19th, 2017 at 9:59am
 
This too good to miss probe into even more union corruption continues...

Why? Because Malcolm Turnbull’s government is bent on introducing legislation that will enforce a degree of transparency giving retirement savers insights about the way their retirement savings are being used and abused.

Funds may be compelled to disclose when assets are transferred to third parties, explain the purpose of the transaction and the benefit — or lack thereof — for retirement savers.

Were such legislation already in place, industry funds controlled by the CFMEU would have to explain why they gave $12.5m to the law-breaking union, which in turn is a generous donor to the Labor Party.

AustralianSuper would have been obliged to explain why, for example, it paid $27,500 to the AWU and whether the transaction was connected with the $25,000 the AWU subsequently contributed to Shorten’s 2007 campaign for the seat of Maribyrnong.


Meanwhile, if the Turnbull government were able to muster a fraction of Labor’s audacity, it might care to ask a hand-picked commissioner to investigate this murky payment.

The commission might call evidence from the AWU’s national secretary at the time, one WR Shorten, who also happened to be a director of AustralianSuper.

A royal commission? Bring it on.


https://www.menziesrc.org/news/item/guess-who-s-playing-with-workers-savings
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Grappler Truth Teller Feller
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Re: Unions feeding on members' super funds
Reply #16 - Sep 19th, 2017 at 11:28am
 
juliar wrote on Sep 19th, 2017 at 9:59am:
This too good to miss probe into even more union corruption continues...

Why? Because Malcolm Turnbull’s government is bent on introducing legislation that will enforce a degree of transparency giving retirement savers insights about the way their retirement savings are being used and abused.

Funds may be compelled to disclose when assets are transferred to third parties, explain the purpose of the transaction and the benefit — or lack thereof — for retirement savers.

Were such legislation already in place, industry funds controlled by the CFMEU would have to explain why they gave $12.5m to the law-breaking union, which in turn is a generous donor to the Labor Party.

AustralianSuper would have been obliged to explain why, for example, it paid $27,500 to the AWU and whether the transaction was connected with the $25,000 the AWU subsequently contributed to Shorten’s 2007 campaign for the seat of Maribyrnong.


Meanwhile, if the Turnbull government were able to muster a fraction of Labor’s audacity, it might care to ask a hand-picked commissioner to investigate this murky payment.

The commission might call evidence from the AWU’s national secretary at the time, one WR Shorten, who also happened to be a director of AustralianSuper.

A royal commission? Bring it on.


https://www.menziesrc.org/news/item/guess-who-s-playing-with-workers-savings


So why concentrate on Unions?  They're out-performing the others in the super market... it seems more realistic to look at the others for what's going wrong.....

I have concerns over any Labor incumbent or Union man drawing a salary from being on the board of such a fund... that smacks of the kind of thing the Libs would do, and is equally unconscionable, though legal, no matter who is doing it.  You can't do a good job of both running an organisation or playing at politics, AND run a super fund properly on the side for probably the same as you're getting from politics.

Cloven Hoof Moore was booted from State Parliament while Lord Mayor of Sydney on the basis that you cannot effectively serve two masters.... and a good thing, too.
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“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.”
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juliar
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Re: Unions feeding on members' super funds
Reply #17 - Sep 19th, 2017 at 11:43am
 
The Grappler is grappling with the exposure of all this union corruption and just has to copy stuff for no purpose whatsoever and then add some meaningless Lefty HATE MALE.

But then everyone knows when a Lefty is impressed he lets fly with the abuse and hate and ridicule.

Grappler, thanks for your support in the quest to permanently emasculate the evil anti Australian corrupt unions feeding like parasites on the goodness of Australia. (And being paid by the Chinese to do it ?)
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Re: Unions feeding on members' super funds
Reply #18 - Sep 19th, 2017 at 1:44pm
 
Of course you do realise that such a move as I mooted there, with precedent, means that NO politician may hold a second job at any time while sitting in Parliament.

I think that's fair, since no person can serve two masters to the best of their ability, and their times is fully occupied by the serious burdens of their office that they complain so much about - they simply cannot have time for doing other 'jobs' at the same time.

Not much of a reader, are you?  Normally I don't bother with your posts, since your response is always the same, just personal nonsense and trolling.
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“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.”
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juliar
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Re: Unions feeding on members' super funds
Reply #19 - Sep 19th, 2017 at 4:02pm
 
The Grappler is grappling with how to talk down exposure of blatant corruption by the unions and compromises by having a go at the poster.

And now to add insult to injury the oft dutifully quoted by the Lefties "better return" fallacy is debunked.

The corrupt unions will be VERY nervious as they watch the Govt investigation into their shonky treatment of super funds.





Guarding your nest egg - Spiro Premetis on 2GB with Warren Moore
Saturday, 18 March 2017

Industry superannuation funds are frequently reminding us that they achieve better returns than their retail counterparts, but how do they do it?

Menzies Research Center Director of Policy Spiro Premetis explains on 2GB radio that the comparison between the two types of funds is actually comparing apples with oranges.

“It’s not surprising that the returns are different,” he says.

Premetis also explains some of the flaws in the industry, which now manages more than $2 trillion of Australian workers’ savings, and how Finance Minister Kelly O’Dwyer intends to solve them.


Now click here to listen to Spiro Premetis on the Lefty station 2GB blow the shocking union misuse of super out of the water.


https://www.menziesrc.org/news/item/guarding-your-nest-egg-spiro-premetis-on-2gb...
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« Last Edit: Sep 19th, 2017 at 4:18pm by juliar »  
 
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juliar
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Re: Unions feeding on members' super funds
Reply #20 - Sep 19th, 2017 at 4:33pm
 
If the CFMEU were a dog, it would be an irascible, snarling breed, the kind only a tattooed misfit with a pierced nose and ­absurdly large biceps would dream of keeping as a pet.

So long as it remains part of what Bill Shorten calls “the mighty trade union movement” the CFMEU will continue to embarrass the party with its thuggish behavior.

And this of course raises the ever present question, Are the Chinese paying the unions to close down ALL industry in Australia so the work goes to China ?


...
Bull S. and his pit bull CFMEU!!!!!



Union pit bulls are eating their own jobs
Nick Cater writes in The Australian:Tuesday, 27 June 2017

...

In February the Victorian branch of the Construction Forestry Mining and Energy Union threatened to abandon its support for Daniel Andrews’s state Labor government because the Police Minister said something nice about a construction company.

Union boss John Setka reached for his favourite adjective, calling the government “a f..king disgrace”, all because Lisa ­Neville had praised Grocon for its help in cleaning up Wye River after a bushfire.

In a less imperfect world with a less imperfect labour movement, Andrews might have told Setka to get nicked. But since the union contributed the best part of $500,000 to Andrews’s election fund he could hardly afford a principled stand.

If the CFMEU were a dog, it would be an irascible, snarling breed, the kind only a tattooed misfit with a pierced nose and ­absurdly large biceps would dream of keeping as a pet. So long as it remains part of what Bill Shorten calls “the mighty trade union movement” the CFMEU will continue to embarrass the party with its thuggish behaviour.

Last week Setka made public threats against Australian Building and Construction Commission inspectors.

“We’re going to expose them all,” Setka told a CFMEU rally in Melbourne. “We will lobby their neighbourhoods. We will tell them who lives in that house. What he does for a living, or she. We will go to their local football club. We will go to the local shopping centre.

“They will not be able to show their faces anywhere. Their kids will be ashamed of who their ­parents are.”

If ABCC inspectors were an ethnic minority, Setka’s offensive, insulting, humiliating and intimidating speech would have provided ample ground for complaint under section 18C of the Racial Discrimination Act.

But since they are people who are merely trying to do their job — ensuring that unions stay within the law — they have no such protection. It was mere “hyperbole”, the union claimed in defence of Setka, who apparently had been taken out of context. The Opposition Leader’s office went through its familiar routine: furrowed brows, earnest platitudes, repudiation in the strongest possible terms, et cetera. Yet Shorten can’t be taken seriously on this topic, not while his party continues to take the CFMEU’s shilling and the party remains committed to abolishing the ABCC in government.

Despite the Coalition’s best endeavours, the reconstitution of the ABCC has done little to reassure the public that the CFMEU is accountable to law. At best it has succeeded in merely loosening the CFMEU’s grip on the construction industry, where fear of intimidation, boycotts and bloody-minded industrial action keeps developers awake at night.

The union is a political force in its own right. It probably has more cash in the bank than the Liberal Party. Growth in the construction sector has increased its pool of ­potential members, while its business model has evolved to draw revenue by devious means from their employers.

Andrews kept his own counsel last week, presumably because he will rely heavily on CFMEU support to put grunt into next year’s election campaign, just as he did in 2014 and Shorten did last year.

The presence of union heavies at pre-polling stations in marginal seats was just one of many supportive gestures by Labor’s many friends.

It has a radical chic following among Labor’s intelligentsia for whom the pit bulls in fluoro vests are cast in a romantic vein as protectors of the weak against the strong. Guardian Australia columnist Van Badham, who boasted of joining the march last week, has described the CFMEU as “cuddly”.


There is little room in this contrived progressive narrative to consider the long-term consequences of the union’s dominance on the broader economy, or indeed jobs in the construction sector, which employs more workers than manufacturing.

Excessive enterprise bargaining agreements — pattern bargaining in all but name — are killing the jobs the CFMEU claims to protect.

This fascinating look into the ultra corrupt heart of the unions continues overleaf
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juliar
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Re: Unions feeding on members' super funds
Reply #21 - Sep 19th, 2017 at 4:33pm
 
This fascinating look into the ultra corrupt heart of the unions continues...

As in the 19th century when the wool industry was held hostage by bolshie shearers, the high cost of labour provides a strong incentive to innovation. The breakthrough for wool came in the late 1880s when Frederick Wolseley’s mechanical shears revolutionised the woolsheds.

The machine, The Argus reported, would sound “the death knell … of an old colonial order … quicker than a hundred-a-day shearer … and any man may learn to work it in a week. Chinamen and roustabouts and blackfellows will all be shearers now.”

It is surely no coincidence that a West Australian company is leading the world in developing a robotic bricklaying machine, the construction sector’s equivalent of the mechanical shears.

The Hadrian X, named after the Roman emperor, will be on the market in two years, capable of laying 1000 bricks an hour, twice as many as the average human bricklayer can manage in a day.

It will operate around the clock in blatant defiance of the union EBA: no tea breaks, no strike meetings, no rostered days off and no protest marches through the Melbourne CBD at inconvenient times of the day.


The digital revolution is disrupting the construction industry as radically as any other. Steel fabrication is now a trade-exposed industry; work is progressively moving offshore, driven by steep energy costs and high wages. Giant conglomerates in Asia can supply large volumes of structural steel at a much lower cost, even incorporating the cost of transport.

If the Sydney Harbour Bridge were built today there would be no need for the fabrication yards built on what later became Luna Park. Today, foreign-made steel would be fabricated offshore and shipped in like the parts of a Meccano set.

In another flashback to less enlightened times, governments state and federal have responded with a return to protection, mandating local steel for government jobs. It is a backward step that will entrench inefficient working practices, low productivity and high wages.

As the final Australian-built Holdens roll off the production line at South Australia’s Elizabeth plant, the lessons for the construction sector are clear. Anti-competitive practices of the kind championed by the CFMEU will hasten Australia’s passage on the fast road to decline.

https://www.menziesrc.org/news/item/union-pit-bulls-are-eating-their-own-jobs
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juliar
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Re: Unions feeding on members' super funds
Reply #22 - Sep 21st, 2017 at 12:49pm
 
This awful TRUE exposure of the deeply corrupt unions who control every aspect of the Labor Party has set the Lefties back on their heels and left them gasping for Welfare.
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juliar
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Re: Unions feeding on members' super funds
Reply #23 - Sep 21st, 2017 at 8:38pm
 
Can things get much worse for Bull S. and the Labor drongos as the earth seems to be falling in on them.

And the Libs have a huge pile of dirt from the TURC to dump on Bull S. when the time is right.

And Bull S.'s top priority election losers is to RESTART the BOATS and SEND ELECTRICITY PRICES THRU THE STRATOSPHERE!!!!!

And the corrupt unions are running scared over the Libs inquiry into the misuse of Super Funds by the unions.
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