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Bill Shorten short on credibility when it comes to super governance



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Media Release Senator Mathias Cormann Shadow Assistant Treasurer Shadow Minister for Superannuation

12/1102/MC 2 November 2012

Bill Shorten short on credibility when it comes to super governance

Today’s announcement of funding for the Australian Institute of Superannuation Trustees (AIST) to encourage more women onto superannuation boards looks very much like another handout to the Minister’s Union mates, rather than a genuine attempt to encourage diversity.

The AIST represents only the union dominated industry super funds.

Yet there are many women who could make a valuable contribution to super boards in both the industry and retail sectors.

The Minister must answer these questions: − Were any other education providers considered? − Did the Minister consider a program that would have been available across the whole super sector? − Will women who are seeking careers in the retail superannuation fund sector have access

to this funding? How will this be guaranteed?

This sudden announcement by the Minister with a record favouring his union mates looks suspiciously like more cynical politics.

MEDIA CONTACT: Senator Cormann 0411 874 546