AustralianSuper frequent flyer offer prompts concern
New promotional activity on the Qantas website around AustralianSuper’s offer of 20,000 frequent flyer points for those who open a Super account before 31 December, this year, has served to anger financial advisers who are claiming it is a breach of anti-hawking provisions.
The AustralianSuper frequent flyer offer has been criticised by advisers before, but the latest promotion, which appears on the Frequent Flyer section of the Qantas website, has prompted them to raise concerns about whether some regulations have been breached.
The Qantas promotion states: “AustralianSuper has been independently rated the best performing super fund over 10 years. They could also help turn that dream holiday into a reality.
“Make the switch to AustralianSuper today and you’ll earn 20,000 bonus Qantas Points – points that can be put towards flights, upgrades, hotels, wine and more.
“To be eligible you must open a Super account or Choice Income account via the button below before 31 December 2019 and contribute a minimum of $350 within 6 months.”
One of the advisers to raise questions about the new promotion, West Australian planner, Steve Blizard, said he was surprised at the promotional activity particularly given the findings of the Royal Commission and regulator views on anti-hawking.
He said he would be interested hear the views of the regulators on the issue.
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