How have members responded?

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Published: Monday, 14 April 2025 14:00

One wag, feeling like they were driven from the much-loved fund, wondered if help was available from the United Nation’s High Commissioner for Refugees. Another railed about the role of Directors on the board, and provided us with a news release that “APRA now empowered to remove super directors”. APRA announced “that its ability to remove directors from a superannuation trustee board had been limited but that situation had changed” effective from Friday 14 March, the week before the Federal Court’s orders were made.

Some members have already left the fund and moved their money elsewhere, as have I. While we’re happy to talk to members about it, we’re not encouraging anyone to do anything but make their own decision.