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Qld Budget today - superannuation

Discussion in 'Living Room' started by Angel, 14th Jul, 2015.

  1. Angel

    Angel Well-Known Member

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    Does this make any sense? (I need a Bex and a lie down)
    Paying down govt debt using cash instead of paying into the fund for Staff Super and Long Service Leave.
     
  2. RPI

    RPI Property Lawyer, Town Planner Business Member

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    No it makes no sense. Kick the can down the road and worry expenses in the future.

    3000 new public servants as well. Not enough were sacked by the previous LNP government. I also read 3000 jobs at a cost of $1b, that adds up to a hell of a lot per person.

    been to busy to look properly but looks bad too me.
     
  3. Ed Barton

    Ed Barton Well-Known Member

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    I've only read the pre-budget commentary and don't quote me on the exact figures. The govt is $8b ahead on it's defined benefits over expected payments to public sector employees in the defined benefit scheme. So by not contributing for a few years the fund will still have enough to meet it's projected demands.
     
  4. Angel

    Angel Well-Known Member

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    On 7 news the reporter asked TP about asset sales, suggesting "selling" Electricity to QSuper was still selling it. She smiled and assured him " no, it isn't." Great, get QSuper to buy something that private enterprise most likely doesn't see as profitable. If it is seen as profitable and a good investment, then the state sells an asset to a company that it owns, thus her reasoning is that it is still owned by the state. Either way it's BS


    That sounds somewhat better. I wasn't getting any sense from ABC website or tv.