Wednesday, 6 September 2017
Questions without Notice
There has been, given that we now know how much the unions have amassed, but more than that—
An opposition senator interjecting —
I did hear the comment on the other side, 'What's wrong with making a profit?' Absolutely nothing, but most other people have to pay tax on it. Guess what? The unions pay no tax. That's something the Australian people didn't know. Read the comments online—they are very interested in why a $1.5 billion asset base and a $900 million revenue stream pays absolutely no tax.
In relation to superannuation funds, superannuation funds are there for the benefit of the members, one would think. Unless, of course, you are an industry super fund, because industry super funds over the last 10 years have made $53 million in payments to Labor-aligned unions, who have then given $65 million to the subsidiary company, the Australian Labor Party. That is not representing the interests of your members. (Time expired)