Mall should be giant food hub with kids’ activities
Walking through the Mall the other day and noticing that still nobody seems to be making any progress on it in the way of developments, it occurred to me: Why not make it into a giant food court/community hub with activity areas for kids and turn one of the disused shops into a childcare centre/creche for parents who want to go shopping for half an hour or so?
If the council can incorporate the same parking regime around the area that is in the high tower in Queen St, of free parking for the first hour, I'm sure many people would use it as a meeting place, and centre point for other things such as the library, banks, lawyers, Centrelink, shopping, etc. The bus terminus would also be utilised more fully.
This may then lead to further development and growth in the CBD area.
Jan Egan, Strathdale
Best in show super model is anti-competitive
The “calls for super shake-up” by Minister Josh Frydenberg in an article in the Bendigo Advertiser on January 11, 2019 needs some reply.
This productivity report which has taken three years into the superannuation industry has revealed its ideological attitude to Union Industry Funds.
If the Liberal Treasurer is not interested, as he claims, in the politics of the superannuation industry, and is only interested in the benefits that flow to members, then he should support the industry super funds.
The Royal Commission has stated it has no problem with union based industry funds as they have out-performed retail funds .
The “best in show” model as recommended by the productivity commission which will hand responsibility for superannuation to 10 mega funds is anti -competitive, and will abandon the proven, low-cost industry default system.
Wasn’t it this same productivity commission that made the statement that we would need at least one million dollars to retire in comfort --- now that same commission states we will only need $500,000. Can we trust a report by this productivity commission which is driven by ideology and makes mistakes in how much we need to be comfortable on in retirement?
The real issues with poor performance by some super funds is that the members have been not served well by those who were responsible to act on their behalf. The Super Fund Trustees and Regulators who are supposed to be the bulwalk against poor performance and exploitation.
They should have acted years ago and shifted members in poor performance super into better performing super funds (industry run funds).
It is to be noted that self-managed super funds are shifting their money into industry run funds – is this the problem and cause of some concern to people like the Minister. Is choice the disguise to attack the Union Industry Funds?
Bill Collier, Golden Square
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