Superannuation tax concessions mostly help those on higher incomes and have an impact on the way the climate emergency is tackled. Andrew Chuter explains how.
UniSuper
The superannuation system is under increasing scrutiny from climate activists as much of its funds are invested in climate-damaging companies, writes Andrew Chuter.
During his recent meeting with US President Donald Trump at the White House, Prime Minister Malcolm Turnbull proposed that Australian superannuation funds invest in Trump's plan to renew the US's ailing national infrastructure. He was repeating a view being pushed by Australian ambassador and former Treasurer Joe Hockey for the US to adopt Australia's controversial "asset recycling" scheme by state and local governments, aided by federal subsidies.