The AustralianSuper answer revealed that the fund directed $3,533,953 in the 2015/16 financial year, $4,774,000 in the 2016/17 financial year, $5,454,000 in 2017/18, $5,187,000 in 2018/19 and $5,070,317.
By comparison, big hospitality industry fund, Hostplus revealed its contribution for only the 2020 financial year – being $3.6 million.
Industry Super Australia is owned by 15 industry superannuation funds with
Money Management reporting last week that NGS Super paid ISA $619,050 in 2019/20, after having paid the industry funds body $633,328.84 the previous financial year and $626,526.64 in 2017/18.
It also reveals how comparatively small fund, LegalSuper, directed $122,743 to ISA in 2019/20, after directing $132,697 the previous year and $124,664 in 2017/18.
This compares with TWU Super which directed $518,823 in 2019/20, $530,790 in 2018/19 and $773,677 in 2017/18.
Wilson probes Industry Super payments By Sarah Kendell 05 May 2021
A number of prominent industry funds have revealed the amounts they contribute to lobby group Industry Super Australia under questioning from Liberal backbencher Tim Wilson.
As part of questions on notice for the House economics committee’s inquiry into the super sector, Tim Wilson, who chairs the committee, asked industry funds to divulge the dollar amounts they had contributed to Industry Super over the past five years.
The Liberal MP has been a strident critic of the industry funds sector, with ISA accusing him of conducting a political witch-hunt against it through his interrogation of funds at committee hearings.
The cash ties between funds and Industry Super
The cash ties between funds and Industry Super
A number of prominent industry funds have revealed the amounts they contribute to lobby group Industry Super Australia under questioning from Liberal backbencher Tim Wilson.
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As part of questions on notice for the House economics committee’s inquiry into the super sector, Tim Wilson, who chairs the committee, asked industry funds to divulge the dollar amounts they had contributed to Industry Super over the past five years.
The Liberal MP has been a strident critic of the industry funds sector, with ISA accusing him of conducting a political witch-hunt against it through his interrogation of funds at committee hearings.
Carers, women on maternity leave should receive taxpayer-funded super: Actuaries
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Women pushed out of paid work to care for children, ageing parents and disabled family members should be given taxpayer-funded superannuation payments to close the gender retirement gap, according to analysts suggesting a raft of changes for the federal budget.
Actuaries are pushing to extend the 9.5 per cent super guarantee to unpaid carers following warnings from industry super funds that millions of low and middle-income earners, particularly women, are at risk of insecure retirements that have been masked by optimistic Treasury forecasts of super savings.
IFM reveals gender split, Industry Super payouts 27 April 2021
The investment manager has again cried foul at a parliamentary inquiry, but not without exposing how much it has paid out to its owners, as well as the skewed gender balance at the top levels that it is working to fix.
In recently published responses to questions on notice from the House of Representatives standing committee on economics, IFM Investors said it had distributed dividends totalling $52.3 million to parent company Industry Super Holdings during the last five years.
The holding company is in turn owned by 27 industry super funds, including AustralianSuper, HESTA, Cbus and UniSuper.