Do industry funds have an unfair advantage?

Jul 10, 2012

Richard Watts discusses the implications of the Productivity Commission’s recommendations to change the default super arrangement.


There’s been some big shake ups in the world of super in the past six months. And one of the biggest is the Productivity Commission’s call to change the way workers are channelled into default super funds. At the moment, the default fund is most often an industry fund but the recommendations pave the way to give retail funds a bigger slice of the $7 billion a year super pie.

Instead of the current system where unions and employers choose the default fund, the PC recommends that Fair Work Australia or another independent body choose who qualifies to be a default fund.

Richard Watts, from Industry Super Network, tells 3Q that he is receptive to a merit based system if it means retail funds meet the same governance arrangements and produce returns equal to the industry funds.

Childcare Rebate for Nannies

Apr 10, 2012

Q. Tony Abbott has said that if he became Prime Minister he would ask the Productivity Commission to look into extending the childcare rebate to childcare provided by nannies. Would you support or oppose the Government paying a childcare rebate for nannies?

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

Total support

44%

33%

57%

33%

Total oppose

33%

49%

24%

44%

Strongly support

12%

9%

17%

10%

Support

32%

24%

40%

23%

Oppose

20%

27%

18%

20%

Strongly oppose

13%

22%

6%

24%

No opinion

22%

18%

19%

23%

44% support the Government paying a childcare rebate for nannies and 33% oppose. 49% of Labor voters and 44% of Greens voters are opposed but 57% of Liberal/National voters support the measure.

Support is higher among younger respondents – those aged under 45 split 53% support/24% oppose and those aged 45+ split 36% support/44% oppose.

48% of those on income under $600pw oppose and 32% support, but all higher income groups are more likely to support.

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