Commentary
Honey pots attract bees as well as wasps. So it would seem the $3.3 trillion (US$2.3 trillion) sitting in various super funds for the retirement benefit of Australian workers attracts interested parties.
Such a huge sum of money can be very influential. Those administering such eye-watering amounts have a huge impact on investment for major projects.
For the government, it can provide economic stimulus and social outcomes with other people’s money. And apparently, the treasurer, Jim Chalmers, in his recent statement on superannuation is going down that pot-holed road.
Ultimately, the money of which people speak and pontificate when they talk about super funds is the hard-earned income of Australian workers. In any discussion on the topic, surely the interest of the workers should be paramount….