Fairfax Media has today reported that the Queensland Liberal/National Party Government has appointed the wife of Shadow Treasurer, Joe Hockey to the board of the superannuation fund covering Queensland public servants - Qsuper.
Hockey’s wife, a former Deutsche Bank executive which the report described as a “self-made millionaire”, will receive a $45,000 fee for filling the trustee director position.
The report said Queensland Treasurer Tim Nicholls had gazetted Ms Babbage’s appointment in mid-June but had not publicly announced the move.
Babbage is a non-executive director of Swiss Re Life and Health Australia Ltd.
A “concerning” number of Aussies don’t know what they pay in super fees, a young super fund has said.
The corporate regulator has shared some ‘disappointing’ findings upon reviewing the public communications of more than 20 trustees with regards to death benefits.
According to the industry body, funds should have an obligation to transfer members in failing products to better-performing products in a timely way.
The $9 billion fund is backing agriculture investor GO.FARM, with its capital already directed towards enhancing two key assets.
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