Originally Posted by
Derfred
I don’t understand your question, harry.
As far as I understand it, Qantas owns Qantas Super. Qantas Super is a (private) super fund like any other, that can engage in all the financial bull**** that any other can, including defrauding it’s clients so long as it doesn’t get caugtht. It’s profits flow to Qantas. Any more questions?
Derfred,
What absolute rubbish.. Qfsuper doesn’t make profits. It makes returns on investments from which expenses are deducted, and the benefits are passed on to members as returns according to which division they are in. The only benefit Qf gets from the running of Qfsuper is an indirect one, in that if Qfsuper investments perform well, Qf has less money to put in to fund payouts to those members who are in division 3 which is a defined benefits scheme.