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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).  ....

Andrew Bragg , Association Of Superannuation Funds Australia , Australian Prudential Regulation Authority , Financial Services Council , Senate Standing Committee On Economics , Australian Institute Of Superannuation Trustees , Amid Government , Senate Standing Committee , Australian Institute , Superannuation Trustees , Superannuation Funds , Financial Services , ஆண்ட்ரூ தற்பெருமை , சங்கம் ஆஃப் சுப்பெறன்ணுஅதிோன் நிதி ஆஸ்திரேலியா , ஆஸ்திரேலிய விவேகமான ஒழுங்குமுறை அதிகாரம் , நிதி சேவைகள் சபை , செனட் நின்று குழு ஆன் பொருளாதாரம் , ஆஸ்திரேலிய நிறுவனம் ஆஃப் சுப்பெறன்ணுஅதிோன் அறங்காவலர்கள் , இடையில் அரசு , செனட் நின்று குழு , ஆஸ்திரேலிய நிறுவனம் , சுப்பெறன்ணுஅதிோன் அறங்காவலர்கள் , சுப்பெறன்ணுஅதிோன் நிதி , நிதி சேவைகள் ,