Name, rank and serial number, nothing more

Outsider/

13 April 2017
| By Outsider |
image
image image
expand image

Outsider was just a little bit amused when he saw that recently-elected Victorian Liberal Senator, Jane Hume, had used a public hearing of the Senate Economics Committee inquiry into the non-payment of the superannuation guarantee to ask Industry Super Australia (ISA) apparatchik, Matthew Linden, for some detailed analysis of how ISA is funded.

The cause of Outsider’s amusement was not so much the question (which was entirely legitimate and warranted) but rather the manner in which it pitted one side against another in the traditional cut and thrust of Liberal versus Labor and the on-going battle between industry funds and the banks.

You see, before Senator Hume entered the Senate at last year’s Federal Election she was one of the youngest female executives at National Australia Bank and before he joined the comrades at ISA, Linden was an adviser to former Federal Labor Treasurer, Wayne Swan.

It seems that Linden also did some time at Royal Military College, Duntroon, which possibly explains how he managed to use his answer to a question on notice from Senator Hume to provide nothing which wasn’t already known and certainly would not assist the enemy.

Linden’s answer provided no more than the ISA’s name, rank and serial number.

Senator Hume may need to do some research on effective interrogation techniques.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 week 3 days ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 month ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month 1 week ago

AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies. ...

3 days 6 hours ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week 6 days ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Powered by MOMENTUM MEDIA
moneymanagement logo