No proof of member benefit: APRA on super fund spendsBY JAMIE WILLIAMSON | TUESDAY, 26 OCT 2021 12:44PMAPRA 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. Related News |
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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.
How about naming the offenders ?? I reckon i can guess three off the top of my head