RIO 1.26% $110.76 rio tinto limited

40% super tax, page-34

  1. 5,336 Posts.
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    as all of the super funds in australia would most likely hold a fairly weighty portion of bhp and rio in their portfolio, wouldn't this mean that these changes have just been a bit of churn?

    the foreign 'ownership' of the two big boys allows all of us to leverage our super more strongly to achieve the 'super profits' which come back to our super account as a divvy

    so now, we have larger pool of national super, which may not be leveraged as successfully delivering us lower returns
 
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