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Page 70 - ஆஸ்திரேலிய விவேகமான ஒழுங்குமுறை அதிகாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Making up for lost time: eight out of 10 homes sell

Making up for lost time: eight out of 10 homes sell Share Homebuyers are making up for lost time after the Easter break, smashing reserves and pushing preliminary clearance rates past 80 per cent even as overall auction listings rose across the country. Nationally, 80.5 per cent of the 2448 homes listed for auction changed hands, a marginally stronger clearance rate from a larger volume of auctions than a week earlier, on CoreLogic’s preliminary results. The 1950s era brick home at 2 Lambert Street in Cammeray sold for $3.1 million.  In Sydney, the clearance rate hit 84.8 per cent from 913 auctions listed. That result betters the previous week’s preliminary figure of 82.8 per cent from 821 auctions. The final tally was revised down to 81.4 per cent.

Does annual membership of ASFA really deliver over $82,000 in value?

Print Amid Government back-bench criticism of how much superannuation funds pay to be members of industry organisations and lobby groups, one of Australia’s largest industry funds, REST, has revealed it pays well over $130,000 a year for just two memberships.  Those back-benchers have questioned the Australian Prudential Regulation Authority (APRA) one whether the payment of such subscriptions should be formally scrutinised to determine whether it would comply with the proposed new members best financial interests test.  Answering questions on notice from a hearing of the Senate Standing Committee on Economics, REST revealed that it normally pays an annual membership of $52,250 to be a member of the Australian Institute of Superannuation Trustees (AIST) and $82,533 to be a member of the Association of Superannuation Funds of Australia (ASFA). 

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