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Flat White

Victorian Labor: waste and rorts

1 November 2022

6:00 AM

1 November 2022

6:00 AM

Victorian Premier Daniel Andrews’ announcement that industry super funds will support the socialisation of the energy grid will create the wrong kind of circular economy with Labor’s political funding at the centre.

Many people may not know that management fees from industry super funds can end up supporting the Labor Party (or in the case of non-aligned unions, the Greens).

The Albanese government recently wound back reforms to disclosures in industry super funds’ annual statements.

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