And when you retire, they say sorry, we had to spend it.....

Make no mistake, any time a government forces you to pay into a fund, it is a tax... Sometimes, and under some conditions, you get the money back. But it is a tax, just under a different name.

Who didnt see this coming from a decade or 2 away!?!?

Albo is on his way out the door

Can they touch trusts if not everyone get ur supers into ur own trusts

Who makes the most money off the savings? The boss? No The employee - somewhat The Superfunds and the companies invested in? Yes The Government? Yes So who really is this forced taxation for the benefit of? Yes, Superannuation makes "us" richer But it slice of that richer is much skinnier for employees than it is for the three groups who didn't actually contribute the money 👀

Start your own SMSF. They cant touch it.

Savings are a national asset. Before compulsory super, Australians had really poor savings. Its one of the biggest reasons we have a decent economy.

Thats all it ever was supposed to be, just had to push it a few generations before they started taking out of the piggy bank

Self manage your own superannuation AI has made this process a lot easier and can give better investment advice than most financial advisers

Albanese described Australia’s superannuation system as a national asset because it provides a very large pool of long-term capital as well as retirement income. He has rightly argued that more of it could be invested in Australian infrastructure, housing, energy and business—where those investments produce suitable returns. Super remains members’ money, not government money. Trustees are legally required to act in members’ best financial interests and are not presently required to fund government priorities. Tell the full story.

He's never had to save or budget money his whole life.

Keep voting.

Sounds like communism.

The labor government cannot control its spending. The corruption with the cmefu is staggering and costing Australian taxpayers and the economy.

How many times has government done this to different collective funds !

This has to STOP, it isn’t going to end well for Labor .

If you do an internet search for FABIAN SOCIALISTS and who belongs to it, things start to make sense in Australia 😬

This really makes me feel sick.

He will not stop until that money is gone, given to other countries. You vote labour, you loose your super funds

Carney did the same with the Canadian Pension Plan. He invested it all in Saudi Arabia.

Senator Malcolm Roberts it’s very bad law right now in Australia prayer for your country

I see a lot of rubbish getting posted, but this takes the cake.

if only there were signs

I’ve seen this day coming since I first started working. Never ever trust your government with your money!

Can someone in your team or family teach you how to screenshot.

The master can buy the business when she returns from Sicily

In the UK the goverment just nationalised British Steel. Hint hint.

That looks a bit stone aged

M O R O N

Tarrifs are not evil, they were once, and should be now, a dial to control productivity against foriegn competition.

Let's ask why they had to find a buyer, was the company squeezed out of existence with taxes!

which one ? hopefully not whyalla

But let's build another 2 dozen data centres

NO it’s the LIMA agreement

We need your voice Sign the Save Europe Act now, to bring Remigration to Brussels! Article I "We, the undersigned citizens of European nations, demand the immediate enactment of the Save Europe Act — a legislative framework restoring sovereign borders, lawful order, and the continuity of European civilisation."

You want to reindustrialise? Bet on the technologies of the next decades then. Thats renewables.

Go one nation

Only One Nation doesn’t know they have bugger all effect on what reinsurers / insurers will do. 🙃

A few Labor voters sooking and Greens. Hilarious 😂

And how exactly is business closing as it fails to find a buyer related to net zero? Oh wait absolutely nothing, you just want excuses to spew out to blame anyone.

Great .. it’s time for cheaper electricity my bill is now another $220 per quarter

Since you’re all about digging things up out of the ground, how about you start talking about our lithium deposits and how we could become a renewable power superpower! Or does that not fit the narrative?

Funny my electricity bill has fallen by over $1000 a year under Labor. How about you shut it

Find something to whinge about again? Did your coffee go cold because net zero? Whinge whinge net zero waaaaaah waaaahhh I don’t like wind turbines waaaaahhh

Let’s stop this misuse and let the Taiwan computer chip industries know, we have free land to offer for their world leading microchip industry, with tax holiday, an international airport to go to and fro, and a port at Townsville. That important culture, could flourish again, if we also offered free land, be that near Prairie if suitable, or elsewhere near Townsville, to the Israelis and transport here for their skilled people, immediate families and equipment, and encouraged the Israelis to develop and build their advanced war drones, and or other advances in defence, and or improve upon their Israeli style domes, and manufacture them here to sell to our country to help make our people and critical infrastructure safe.

Hey Senator Why don’t you organise a economic protest This can cripple the economy

Only one nation will do fuck all. Looked on and let most things worker related go through to the keeper. Trying to care. We are not fools Malcom.