Financial Standard Comments - No proof of member benefit: APRA on super fund spends APRA has found instances of expenditure by superannuation funds that does not meet the best financial interests of members, including sponsorship deals and advertising spends with no evidence of member benefit. https://www.financialstandard.com.au/feed/latest?story=179790240 Tue, 26 Oct 2021 13:14:25 +1100 Tue, 26 Oct 2021 13:14:25 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Elio Centofanti (BDO Private Wealth)

About time. It's inconceivable that sponsoring a footy team is going to provide a return to members. Will members have recourse to demand those funds are returned? After all, reading this article suggests that the trustees have a lot to answer for.

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]]> Elio Centofanti (BDO Private Wealth) Tue, 26 Oct 2021 13:14:25 +1100 <![CDATA[ Comment by Ken Ryan (C&C) ]]>

How about naming the offenders ?? I reckon i can guess three off the top of my head

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