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Superannuation and TFOALA

Having 179 businesses offering various superannuation packages with their success being reviewed annually leads to inappropriate investments in short term promotions whereas what should be happening with the trillions of dollars is investment in Australian infrastructure which is going to increase in value and support the development of the country such as social housing which is one such avenue for them to help the country and building nuclear power stations because renewables are not going to succeed in giving us the energy we need.

The other aspect of the current system that is amazingly inefficient is having a huge number of businesses supplying it to the nation and consequently requiring a huge number of management fees being taken from the contributions.

There should only be one entity.

It should be independent of the current Government and consequently not able to be ravaged for its short term promotions.







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