Well waddayaknow!
More superannuation ticket clipping.
Labor is going to put a levy on Self Managed Super Funds on top of other funds to cover the losses caused by shonky financial engineers.
I thought the whole point of super was that people were supposed to take responsibility for saving for their own retirement?
Of course that was always a lie as people were never asked if they wanted to hand their wages over to shonky financial engineers in the first place at a cost of $40 billion per annum in administrative costs.
If people have to bail out other people then shouldn’t we just provide a strong pension system as a safety net rather than subsidise poor behaviour by the superannuation industry?
If Australia wants to starting heading in the right direction we need to stop propping up the enormous power of the institutions which are the pure definition of socialists who spend your money and start protecting individuals who are the true capitalists.
To put the people first instead of the establishment, sign up at https://t.co/PeAaJW2pjF
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“Dr Mulino is also expected to announce changes to the widely panned Compensation Scheme of Last Resort, including removing the controversial 'but for' provision that sees victims of financial misconduct compensated for hypothetical losses.
The CSLR hands up to $150,000 in compensation to victims of financial misconduct when the responsible firm is insolvent.
As well, Dr Mulino is expected to bring SMSFs into the CSLR funding umbrella as the scheme faces a shortfall of $170m for the 2027 financial year. A special levy will apply to parts of the sector, including SMSFs and APRA-regulated funds, as well as others.”
Degenerate Anti-Australian Treasonous Regime Leader PM Albo mocks people that have been ruined and reduce to penury by his disgraceful conduct and failed communist policies. This repulsive evil being & regime must be obliterated eradicated annihilated wiped out at next elections
@4mambo Also, mentioning patriotism in schools, then y are they churning out socialists?
Y are shallow slogans indoctrinating kids to go against one nation?
Have information available, counter arguments to all sides of the political spectrum, +have them pay an electricity bill, then....
@4mambo No. You have it backwards.
Welcome to country is widely perceived as veiled anti patriotism.
Why be welcomed to a country multiple times, at every sporting event, that we all helped to create?
Patriotism is combining everyone into the common goal of opportunity 4 all Australians
@larissawaters In light of other data and in many of these comments, I (along with other clear headed critical thinkers) reject your agenda driven assertions and ideology.
🚨🚨 MARCO RUBIO JUST DROPPED A BOMB 🚨🚨
He stood in front of the entire world and said what almost NO ONE has the guts to say:
“We in America have NO INTEREST in being polite and orderly caretakers of the West’s managed decline!”
Read that again.
America is DONE accepting slow suicide.
DONE smiling while the West is dismantled.
DONE being the polite undertaker of our own civilization.
Marco didn’t whisper it.
He declared war on managed decline.
This is the line in the sand.
This is the moment.
DEFEND THE WEST. AT ALL COSTS.
The soft days are over.
The caretakers have been fired.
🔥🔥🔥 RETWEET IF YOU’RE DONE ACCEPTING DECLINE 🔥🔥🔥
@Ausbobsmit That is too much interference in free market.
If ev's are so good, why impose fines like this?
The consumer should be able to get what they want for their circumstances
@blowingtom2 Just ask yourself if life in Victoria has gotten better for most (not beauracrats, pollies or EBA construction workers)
And then come to the paradigm shift you need to realise they have cheated Victorians not only billions, but general quality of life.