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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Why Team Super won’t trade against its own managers

In an environment where markets are becoming ever more concentrated, the $21 billion Team Super is happy to wear plenty of active risk from its managers and won’t use overlays to make up for underperformance.

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