Date: August 9, 2024Author: Editor, cairnsnews 3 Comments
By Senator Malcolm Roberts
I am alarmed with the direction superannuation in Australia has gone. With $3.5 trillion in super funds being influenced by unions, these funds are increasingly being used for social engineering and political purposes. Millions of dollars has been donated to the Labor Party to support their renewable energy agenda and other Labor policies.
Some funds have even leveraged their shareholdings to seek board positions at companies like Origin Energy, aiming to influence corporate decision-making. It’s startling to see super funds involved in social engineering rather than focusing solely on member benefits. The ALP-linked industry funds are now acting as fundraisers for the ALP, having contributed $13 million dollars of members’ money to the party in the lead-up to the last election.
Nelle's journey 