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Hume hits back at ISA early release poll
The Assistant Minister for Superannuation, Financial Services, and Financial Technology, Jane Hume, has hit back at Industry Super Australia (ISA) saying its poll was a “disingenuous media stunt” on Twitter.
ISA’s research claimed up to 40% of applications for the early access to superannuation scheme would be ineligible as they had not actually been adversely financially impacted by COVID-19.
Hume said she was disappointed that ISA was using members’ money to conduct “push-polling in a tawdry attempt to undermine confidence in the early release of super mechanisms” on Twitter.
“At a time when the rest of the industry is working together with struggling Australians, it is sad to see the ISA engaging in disingenuous media stunts that reek of self-interest over national interest," she wrote on the social media platform.
“Many of the funds ISA is paid to represent have been public in their support for these measures, and consistent in that support.”
Hume said early release was designed to help Australians financially affected by COVID-19 and that it was Australian members' own money, and only they could make the decisions that were right for them and their families
“Enough, IndustrySuper. We're all in this together,” she said.
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
Yes, time to wind the Union super funds up. They are really only in it for themselves. They should be fined for false advertising.
Finally a Minister for Financial Services who is prepared to call out the ISA for their underhand tactics and inappropriate use of member super funds. The are all charlatans.
I just love it - working for "immediately prior to her election, as a senior policy adviser at Australian Super"