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A.S. Senate Unanimously Passes Bill To Reform Honorarium for Senators and BCUs


May 14, 2021 at 6:56 pm by Holly Rusch
The Associated Students unanimously passed a bill that raises the honorarium cap of A.S. elected and appointed officials and senators on Wednesday, to go into effect during the 2021-22 school year.
While the bill required a two-thirds majority in the Senate to pass, it was passed unanimously. Senators elected to the 2021-22 senate, as well as senators planning to work with a BCU for the 2021-22 school year, recused themselves from the vote. 
Kaitlyn Nguyen / Daily Nexus
The bill will make Associated Students (A.S.) spaces — including Boards, Commissions and Units (BCU), the 38 organizations that work within A.S. to provide and organize student events, advocacy and leadership — more accessible to low-income, first generation and marginalized students, according to the bill’s author, Senator Esme Quintero-Cubillan. ....

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QSuper questions removing 5% asset disclosure exemption


QSuper said it strongly questioned: 
Whether the provision of additional information as envisaged would lead to better member outcomes; and 
Whether removing the current exemption would result in outcomes that were in the best financial interests of members. 
“By requiring full disclosure of all assets, the bill widens the information asymmetry (already opened by portfolio holding disclosure rules) that allows other market participants advantages in transacting,” it said. 
“Many funds have sought investment in private asset classes (real estate, infrastructure, private equity) as they can offer key diversifying benefits to members. The long-term, stable returns (often linked to CPI) with lower sensitivity to broad economic activity provide opportunities to generate strong investment returns for members.  ....

Senate Standing Committees On Economies , Senate Standing Committees , Treasury Laws Amendment , Member Outcomes , Superannuation Measures , செனட் நின்று குழுக்கள் ஆன் பொருளாதாரங்கள் , செனட் நின்று குழுக்கள் , கருவூலம் சட்டங்கள் திருத்தம் , உறுப்பினர் ஔட்கம்ஸ் , சுப்பெறன்ணுஅதிோன் நடவடிக்கைகள் ,