Kissing and TALing in confidence
Now you see it, now you don't. That seems to be the story of TAL's submission to the Productivity Commission on the Efficiency and Competitiveness of the Superannuation Industry.
And a most interesting submission it proved to be as it sought to explain "profit share rebates" and their payment to industry funds in the expectation that result funds will be used to benefit members.
Amid a total of 70 submissions filed with the Productivity Commission, the TAL documentation was arguably one of the most detailed and the resultant report published in Money Management served to light up the comments section with numerous planners claiming it had confirmed their suspicions about group insurance and industry funds.
Having read the original story and the comments from Money Management readers, Outsider thought he might be well-served in visiting the Productivity Commission web-site and reading the aforementioned TAL submission but, alas, it had suddenly become unavailable.
Outsider could see on the PC web-site that the submission had, indeed, been filed but the link to its content was no longer active - instead all he could see was the inactive notation: "TAL * in confidence content omitted".
Outsider has been left wondering whether the submission content became confidential before or after Money Management published the juicy bits around "profit share rebates".
Actually, he suspects he already knows the answer to that question.
AUTHOR
The Outsider
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