Federal House Economics Committe
Tim Wilson, chairman of the House economics committee, is requesting superannuation funds disclose the value of their real estate assets and proportion of members who are home owners as he steps up his campaign to let first-time buyers tap into retirement savings for a deposit.
Earlier this month, Mr Wilson began sending funds a dozen questions to answer as part of the standing committee’s review into banks, financial institutions and the superannuation sector.
In my opinion this is a continuation of long term strategy to undermine the superannuation system. These questions are intended, at least in part, to force employees of superannuation funds to waste valuable time and resources gathering information which is uneccessary as opposed to doing the necessary work to service fund members.
Please be aware.