Plan for MTAA Super to buy its own name challenged

Meanwhile the three renegade state associations are pressing ahead with plans for a “new MTAA”, with the working title of Australian Automotive Industry Association.

In a letter to all Australia’s motor trade associations last month, Ian Field and his counterparts James McCall (MTA-NSW) and David Purchase (VACC) said:

“We believe any new National Structure/National Body needs to be essentially as less bureaucratic as possible, transparent and decisions made more on the basis of consensus than by votes. Any commercial activities that this new National Structure/National Body wishes to undertake in the future, such as the continued administration of the Superannuation Fund Trustee, would need to be conducted within a separate legal entity.”

 

 

 

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‘Not an ATM’: Sicilia shrugs off private credit liquidity fears

The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.

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