Media Centre

Superannuation industry in Australia is indulgent, with funds wasted on propaganda like The New Daily, prompting calls for funds to stop and for the ABC to reconsider its business dealings.

Superannuation funds have used workers' money to establish the _New Daily_ newspaper for political attacks, sparking concerns about conflicts of interest and fiduciary duty. Proposed reforms aim to strengthen regulations and improve the system's performance.

The global pandemic has shifted the way we do business, with financial technology (FinTech) playing a crucial role in Australia's recovery. Job creation, research and development, training incentives, digital ID, and deregulation are key areas of focus to drive growth and innovation in the FinTech sector.

Alan Joyce AC delivers the 2020 Shepherd Oration, encouraging business leaders to engage in policy formulation, highlighting the importance of their input in shaping Australian public policy.

APRA aims to halt wasteful political advertising by super funds, particularly targeting Industry Super Australia's campaigns featuring Greg Combet. They plan to scrutinize such arrangements more closely to prevent further misuse of funds.

Laura Tingle's controversial tweet sparks ABC Twitter bans push by Liberal senator Andrew Bragg, aiming to uphold impartiality standards.

Senator Andrew Bragg accuses super funds of running a "misinformation" campaign against him, claiming the $3 trillion industry is resorting to name-calling out of fear. He aims to fix the outdated system and warns of a "credibility gap" in the industry's self-interest.

Senator Andrew Bragg tabled an interim report with 32 recommendations, emphasising the need for Australia to embrace technology for job creation and global competitiveness. The report includes proposals for R&D support, a new national body for Consumer Data Right, and measures to promote innovation and consumer choice.

Liberal Senator Andrew Bragg discussed the importance of effective leadership in the US election and the ongoing dispute between Victoria and the federal government over ADF personnel assistance. A focus on truth, transparency, and addressing systemic issues in aged care was also highlighted.

The text discusses the opportunity for Australia, particularly Sydney, to attract businesses and talent from Hong Kong following political upheaval, potentially strengthening the regional financial sector and creating jobs amid economic challenges. The proposed strategies include tax reforms, incentives, administrative support, and implementing recommendations from the 2010 Australia as a Financial Centre report to enhance Australia's competitiveness in the financial services sector.