Senate debates

Thursday, 19 September 2024

Questions without Notice

Age Pension

2:51 pm

Photo of Gerard RennickGerard Rennick (Queensland, Liberal Party) Share this | Hansard source

Capitalism only occurs when people manage their own capital. This excludes politicians, corporate executives and superannuation funds, who manage other people's money. However, politicians and corporate boards are at least elected by taxpayers and shareholders. Do the boards of superannuation funds have to be elected by their members; if not, why not? Shouldn't members get a say in who manages their money?

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