(1) the heading to the thread is a statement. It isn’t a question. If you can’t figure how to express yourself that’s a problem.
(2) the banking Royal Commission found industry super funds, which include representatives of workers, make an average two percentage points or so more in returns a year than the funds operated by financial institutions. Conservative govts, hating all things organized labour, want to smash this.
(3) Morrison’s govt tried to re-regulate a key rule governing funds so as to give the treasurer final say in all big investments by super funds, including industry funds. This move was seen as an attack on industry funds. The Senate wouldn’t have a bar of it, voting against such a change. But the govt clearly showed its hand. It really is time to flick Morrison.
