Eureka Stockade: Stolen by the left

[Redneck]

My understanding is the Union started super funds have performed the best over the long term!

That is why the rightards are trying to change the rules to allow their mates better access to try and grab more money!

If I am wrong Yogi I apologise, but prove me wrong is all I ask!

[boxy]

Superannuation was a great strategy to bring the union movement into line. It made them thoroughly dependent upon capitalism.

[Outlaw Yogi]

My understanding is the Union started super funds have performed the best over the long term!

That is why the rightards are trying to change the rules to allow their mates better access to try and grab more money!

If I am wrong Yogi I apologise, but prove me wrong is all I ask!

No need to correct you, you're quite right on that ... and why when the govt on the retail (banks) super funds' behalf moved to impose independent directors I assumed the high fee bank run funds just wanted to sabotage better performing competition.

Then I found out these industry (union run) funds are taking money out of members accounts and syphoning it over to the industry related union, thus the unions, regardless of whether the fund members are union members or not are using the super funds as a cash cow ... thus just adding another level to the scam that compulsory super is ... a tax to a private org/company with the promise of it being returned with interest as a pension, but they make it damn near impossible to access your own money and keep changing the rules because they are constantly looking for reasons/excuses not to give it back.

Take me for example ... I worked in metal industries and was signed upto STA (Super Annuation Australia) whether I liked it or not.
The spool was I could "retire at 55" and with no contributions on my part, the employer contributions would be worth $80 when I'm 55.
I replied "I don't think these companies will still be around when I'm 55, and even if they are 80 grand will probably only be worth what 5 grand is worth today" . Since then they've bumped the retirement claiming age upto 65 in line with the old age pension, and now they want to jack it upto 72. Can't believe a word they say.

Years later I tried to claim the accumulated $4K under hardship provisions and got fobbed off.
Several years later I tried again, but STA didn't exist. It'd been absorbed/amalgamated into Australian Super [Metal Industries Fund]
and the account was now worth $7K.

Knowing they would give me the run around, I came up with so much valid paperwork they couldn't refuse, so they said the JP who signed for me wasn't good enough. So I said "Lets see you knock this JP back" went to the police station and cot a copper who's a JP to sign off on I was who I claimed to be. Got the money, paid off fines from NSW I'd refuse to pay for 10 years, bought a water tank for my block, a motor bike and went to uni for a while.

Next time I tried I was dealing with Austsafe because having been a fruit picker Austsafe was the default super fund.
I needed a car to get a job, but the rules had been changed. Now you couldn't use your money to pay fines or buy a registered motor vehicle, but I could blow upto $10K on repairing a vehicle that may never be road worthy. So I used my bad teeth as a medical condition .. had to get a doctor and dentist to sign off on it, plus sent photos of a van smashed in the front from hitting a big roo and a quote for $4K to fix it. Then bought a 4WD ute, registered it and got a job.

That super fund was keeping me unemployed by refusing me access to my own money and I had to run a scam (twice now) to get it.
I shouldn't have had to do that ... nobody should have to do it. We should be able to spend our money on whatever we like whenever it suits us.

The French sheila next door is on the pension, and she also gets a part pension off the French govt because she paid tax in France - that's how it should be here. Apparently because I was born after June 1964 I'll never be elligible for the old age pension, yet am expected to pay the same tax as someone who is elligible. Plus migrants can bring Mama and Papa in on family reunion, sponsor them for 10 years and then Mama and papa are elligible for the old age pension, but I'm not elligible even though I was born here.

So they (govt/bureacunts) can jam their unionised left wing double standards up their collectivised coits.

[Redneck]

My understanding is the Union started super funds have performed the best over the long term!

That is why the rightards are trying to change the rules to allow their mates better access to try and grab more money!

If I am wrong Yogi I apologise, but prove me wrong is all I ask!

No need to correct you, you're quite right on that ... and why when the govt on the retail (banks) super funds' behalf moved to impose independent directors I assumed the high fee bank run funds just wanted to sabotage better performing competition.

Then I found out these industry (union run) funds are taking money out of members accounts and syphoning it over to the industry related union, thus the unions, regardless of whether the fund members are union members or not are using the super funds as a cash cow ... thus just adding another level to the scam that compulsory super is ... a tax to a private org/company with the promise of it being returned with interest as a pension, but they make it damn near impossible to access your own money and keep changing the rules because they are constantly looking for reasons/excuses not to give it back.

Take me for example ... I worked in metal industries and was signed upto STA (Super Annuation Australia) whether I liked it or not.
The spool was I could "retire at 55" and with no contributions on my part, the employer contributions would be worth $80 when I'm 55.
I replied "I don't think these companies will still be around when I'm 55, and even if they are 80 grand will probably only be worth what 5 grand is worth today" . Since then they've bumped the retirement claiming age upto 65 in line with the old age pension, and now they want to jack it upto 72. Can't believe a word they say.

Years later I tried to claim the accumulated $4K under hardship provisions and got fobbed off.
Several years later I tried again, but STA didn't exist. It'd been absorbed/amalgamated into Australian Super [Metal Industries Fund]
and the account was now worth $7K.

Knowing they would give me the run around, I came up with so much valid paperwork they couldn't refuse, so they said the JP who signed for me wasn't good enough. So I said "Lets see you knock this JP back" went to the police station and cot a copper who's a JP to sign off on I was who I claimed to be. Got the money, paid off fines from NSW I'd refuse to pay for 10 years, bought a water tank for my block, a motor bike and went to uni for a while.

Next time I tried I was dealing with Austsafe because having been a fruit picker Austsafe was the default super fund.
I needed a car to get a job, but the rules had been changed. Now you couldn't use your money to pay fines or buy a registered motor vehicle, but I could blow upto $10K on repairing a vehicle that may never be road worthy. So I used my bad teeth as a medical condition .. had to get a doctor and dentist to sign off on it, plus sent photos of a van smashed in the front from hitting a big roo and a quote for $4K to fix it. Then bought a 4WD ute, registered it and got a job.

That super fund was keeping me unemployed by refusing me access to my own money and I had to run a scam (twice now) to get it.
I shouldn't have had to do that ... nobody should have to do it. We should be able to spend our money on whatever we like whenever it suits us.

The French sheila next door is on the pension, and she also gets a part pension off the French govt because she paid tax in France - that's how it should be here. Apparently because I was born after June 1964 I'll never be elligible for the old age pension, yet am expected to pay the same tax as someone who is elligible. Plus migrants can bring Mama and Papa in on family reunion, sponsor them for 10 years and then Mama and papa are elligible for the old age pension, but I'm not elligible even though I was born here.

So they (govt/bureacunts) can jam their unionised left wing double standards up their collectivised coits.

I hadnt realised that was occuring,

The governmement should legislate to make it illegal for super funds to donate money to any union or political organisation.

I remember I worked for a company that only allowed us to join a particular fund and they freely admitted it was because that fund gave THEM the best deal. Not sure how it worked but they must have got some sort of kickback!

[Neferti]

My Scottish GGGrandfather was a Ships Carpenter and arrived in Australia in 1852, along with his Brother-in-Law who sailed with him. Apparently, they "jumped ship" (but we haven't been able to confirm that, although I have researched the hand written Log Books, etc at the National Library) to head for the Gold Fields to "strike it rich" ... they ended up in Daylesford, Victoria (not far from Ballarat). I don't think they found much gold but they must have found some as they were both able to pay for their respective wives passage to Australia in 1856 (both had married in Scotland in 1851). They both had a Miners Licence, a copy of which I have. As far as I know they were not involved in the Eureka Stockade. Both ended up buying land (and living happily ever after) and producing a tribe of kids.

[Outlaw Yogi]

Then I found out these industry (union run) funds are taking money out of members accounts and syphoning it over to the industry related union, thus the unions, regardless of whether the fund members are union members or not are using the super funds as a cash cow ...

I hadnt realised that was occuring,

Neither did I until quite recently ... according to the AEC, these industry funds have syphoned $50 Mil of members' money over to the unions (via donations) in the last decade.

The governmement should legislate to make it illegal for super funds to donate money to any union or political organisation.

Agreed. The way I see it, for these board directors to make donations with other peoples' money without consent from the shareholders (fund members) is embezzlement.