Surely this is a direct breach of Sole Purpose on top of Hawking.. Lets be honest though, ASIC is too scared to take on the Industry Fund movement and the Union membership base. Over this weekend alone there were two very prominent Victorian sporting teams proudly displaying Industry Fund sponsorship on jerseys, is that in the best interest of members and a worthy use of members funds? On top of this, Industry Super Funds are one of the broadcast partners of the RWC and they still run the 'compare the pair' ads at any chance they get, I noted that the performance data they rely on is now well over 12 months old? If I used June 30, 2018 performance in a clients SOA I would have some serious explaining to do to my compliance manager! Surely there should be some sort of large, pompous tax payer funded enquiry into this behaviour....
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