Shonky? There is a $372 billion question mark hanging over the real value of unlisted assets held on behalf of Australian workers in Australia’s $2.2 trillion professionally managed superannuation funds supervised by the Australian Prudential Regulation Authority. And two-thirds of this problem, $240 billion, is at the door of the union-dominated industry super funds that the government has been seeking to protect from the transparency that must be extended into this unsatisfactorily secretive area of valuing unlisted assets.
Already a subscriber? Log in
Get 10 issues
for $10
Subscribe to The Spectator Australia today for the next 10 magazine issues, plus full online access, for just $10.
- Delivery of the weekly magazine
- Unlimited access to spectator.com.au and app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Unlock this article
You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in