Superannuation scheme fraud detected by ATO abc.net.au/news/2020-05-0…

AFP says up to 150 victims of the COVID-19 early release of super fraud. A series of bank accounts have been frozen and five search warrants executed already #auspol

Assistant Treasurer Michael Sukkar says processing of early access to superannuation is back on from today - after fraud cases last week. Additional "risk filters" will be applied by the ATO on all files before funds are released. Already 1.2m withdrawals #auspol

Big day in the A$ bond market 1)$38bn+ of bids so far for AOFM's Dec 2030 offer, 2)Woolworths reopens corp bond market with 5,10yr bond 3) LaTrobe prints $1.25bn RMBS without govt support afr.com/markets/debt-m…

Norway's national pension fund will sell down its holdings of Australian energy giant AGL and has put BHP on notice. bit.ly/35TtdnQ

A senior portfolio manager said “a fund manager who admits they are on JobKeeper is saying either, ‘I’m not profitable during a down cycle' and basically inviting investors to rush for the exit; or they are simply rorting the system." afr.com/policy/economy…

#breaking In a big win for unions and class action law firms, full court finds regular casual entitled to paid leave benefits & employers can't set off liabilities through hourly rate. Employers fear businesses exposed to billions of dollars in backpay afr.com/work-and-caree…

apra.gov.au/sites/default/… - 'Total benefit payments' include amounts transferred to the ATO as low balance inactive accounts. This isn't helpful when trying to ascertain what our retirement income system is doing.

Latest ABS household survey shows 57% of those applying for early super release planned to use it for living expenses / pay down debt; 36% to save it. Not much evidence it's being frittered away on swimming pools. abs.gov.au/ausstats/abs@.…

All taxpayers are going to be chipping into the renovation bargains of a few homeowners. bit.ly/378npYf

Sunsuper is most certainly an industry fund.

Almost 40k. In one day. America right now. The stupendous “investment” of shutting down the world’s biggest economy for the greater part of 3 months to curb the 1st wave is dissolving before our eyes because it wasn’t done right. afr.com/world/north-am…

Great chat with a large super fund yesterday on their #earlyrelease experience. A matter of fact conversation against some very trying times. Interesting stat from their experience: only 10% of the second tranche are new; the rest are all those who are coming back for more.

Can’t wait to read it!

Gerard Henderson has accused me of “defecting” and being a “Liberal rebel” because I have spoken out on women’s issues. The exact opposite is true - I am trying to rescue the Liberal Party I joined in 1982 from the clutches of Gerard Henderson and his ilk.

The government’s proposed proxy adviser reforms are illogical and will hurt investors. It’s hard to understand how this stuff gets prioritised when we are supposedly on a pandemic “war footing”. My column afr.com/chanticleer/pr…

News agenda is crowded ATM, but do yourself a favour and read this: Wharfies required to nominate family, friends for jobs 😵‍💫👊 ‘recruitment no longer managerial prerogative’ afr.com/work-and-caree…

Love it Jeremy Cooper but give me some answers to your questions!

🇦🇺Vaccinations By Age Group & State 29 July to 17 September The text will turn white as a group passes 80% If a group passes 95%, a ✅ will appear (this is when Australian Dept of Health, Disability and Ageing stop reporting)

I wasn't aware of this quote from Mathias Cormann in 2014 - he was Finance Minister back then, now he is the boss of the OECD, one of the bastions of economic orthodoxy. And on this, he is absolutely right!