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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Aware Super hunts hidden AI exposures as concentration concern grows

The $205 billion Aware Super says that around 15 per cent of assets in its high-growth option are exposed to the AI thematic, but says that finding the portfolio's true concentration will require looking beyond simple dollar aggregation. Head of investment strategy Michael Winchester unpacks the approach and why the fund has to be “really discerning” with where it allocates to in the future.

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