The Pickering Post
Thursday, 21st February 2019

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Paul Zanetti

Paul Zanetti is a Walkley award winning syndicated cartoonist with over 30 years in the media. He blogs at www.zanettisview.com

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Comments

Did you notice any members of the current Govt included in this visit? Shorten and the Labor Party getting ready to divert the superannuation savings of the people into their capacious pockets? Hmm?

"venture capital"
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1. capital invested in a project in which there is a substantial element of risk, typically a new or expanding business.
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Shorten to study Israeli superannuation
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Friday, April 27th, 2012
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SOME of the leading figures in the multi-trillion-dollar superannuation sector will join federal Financial Services Minister Bill Shorten on a visit to Israel later this week as the government examines ways for the retirement savings system to help kick-start the Australian venture capital business.
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Joining Mr Shorten on the visit will be Australian Prudential Regulation Authority deputy chairman Ross Jones, MLC chief executive Steve Tucker and Challenger Group retirement income chairman Jeremy Cooper, author of the contentious Cooper Report on the superannuation sector.
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During the visit, co-ordinated by the Australia-Israel Chamber of Commerce and the Israeli embassy, the group will meet executives of leading Israeli financial services companies, including its largest insurance group, Migdal, and fellow insurer Clal Insurance Enterprise Holdings.
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It will also meet officials of the Capital Market, Insurance, and Savings Department, which supervises insurance and the long-term savings market.
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Mr Shorten is also planning one-on-one meetings with Bank of Israel governor Professor Stanley Fischer, chief scientist Avi Hasson and Israeli and Palestinian leaders.
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“The chamber is very excited about the Shorten-led trade mission,” said AICC chairman Paul Israel, who is based in Tel Aviv. “For the first time Australian pension funds will be exposed to the vibrant and innovative Israeli venture capital and hi-tech scene.” ........................"
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http://www.israeltrade.org.au/shorten-to-study-israeli-superannuation/


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Shorten Studies Israel Option For Aussies’ Super
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https://barnabyisright.com/2012/04/23/shorten-studies-israel-option-for-aussies-super/
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One of the themes we have long followed here at barnabyisright.com is this blogger’s conviction that Australians will inevitably be caught up in the wave of government theft of citizens’ superannuation that has been slowly but surely sweeping the Western world since the GFC.
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Indeed, as we have documented many times, the tide has already gone out in preparation for the big wave’s arrival on our shores, with Labor having quietly implemented a sneaky Liberal party policy aiming to direct your employer to send your future super payments to a special new department at the ATO, not directly to your super fund.
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We have previously seen that PM-in-waiting Bill Shorten, Minister for Superannuation, has described Australians’ $1.3 Trillion in individual superannuation savings as “our sovereign wealth fund”, a “significant national asset”.
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In today’s Australian newspaper, we learn that Shorten is off to Israel to meet and greet, and investigate the Israeli superannuation fund industry.
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Your humble blogger’s sceptical eyebrow was raised sharply on noting that, while the emphasis of the story is that, purportedly, Bill is visiting Israel “to examine ways for the retirement savings system to help kick-start the Australian venture capital business” – a disturbing development in its own right – Bill’s spokeswoman let a very different kind of cat out of the bag:
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SOME of the leading figures in the multi-trillion-dollar superannuation sector will join federal Financial Services Minister Bill Shorten on a visit to Israel later this week as the government examines ways for the retirement savings system to help kick-start the Australian venture capital business.
.
Joining Mr Shorten on the visit will be Australian Prudential Regulation Authority deputy chairman Ross Jones, MLC chief executive Steve Tucker and Challenger Group retirement income chairman Jeremy Cooper, author of the contentious Cooper Report on the superannuation sector.
.
During the visit, co-ordinated by the Australia-Israel Chamber of Commerce and the Israeli embassy, the group will meet executives of leading Israeli financial services companies, including its largest insurance group, Migdal, and fellow insurer Clal Insurance Enterprise Holdings.
.
It will also meet officials of the Capital Market, Insurance, and Savings Department, which supervises insurance and the long-term savings market.
.
Mr Shorten is also planning one-on-one meetings with Bank of Israel governor Professor Stanley Fischer, chief scientist Avi Hasson and Israeli and Palestinian leaders.
.
“The chamber is very excited about the Shorten-led trade mission,” said AICC chairman Paul Israel, who is based in Tel Aviv. “For the first time Australian pension funds will be exposed to the vibrant and innovative Israeli venture capital and hi-tech scene.”
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Mr Israel said the week-long trade mission would investigate how Israel — with 7.2 million people, a third of the size of Tasmania, 60 per cent desert, only 63 years old with limited natural resources — had produced more start-ups than large, peaceful and stable nations such as Japan, India, Korea, Canada, Britain and Australia.
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It would look at Israel’s superannuation, tax reform, venture capital and seed fund models, as well as its innovation and entrepreneurship culture, he said.
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A spokeswoman for Mr Shorten said it was important that super funds looked beyond traditional assets classes and the government was keen to remove investment barriers to them.
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She said the trip was designed to improve Australian super funds’ understanding of Israel as an investment destination, particularly in light of the strong venture capital sector there.
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Hold on. Wasn’t the purpose of the trip to examine “ways for the retirement savings system to help kick-start the Australian venture capital business”?
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Mr Shorten also hopes Australian super funds can get an understanding of how Israel’s pension funds go about investing in innovative and early stage companies.
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“Innovative” and “early stage”.
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That is bankster and speculator code for “high risk”.
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Given the volatility on global share markets, and the parlous state of the global economy, one wonders why any responsible politician would be interested in finding ways to direct their citizens’ retirement savings into high risk start-up ventures.
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In Australia … or Israel.
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https://barnabyisright.com/tag/bill-shorten/
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https://larryhannigan.com/2018/12/15/did-you-know-about-these-new-laws/

Paul Keating Labor introduced dividend imputation credits that Bill wants to abolish, the basis was that shareholders in companies that pay company tax should not be taxed on dividends from after tax paid profits.

I read elsewhere that Shorten Labor have a red campaign bus, the Bill Bus according to The Australian story. Apparently when it stops people often call out: High Bill.

And Bill shouted out “ Up the workers.” And meant every word he said.

When the Super Funds (as per News and Television) Total $7 Trillion Dollars and the UNION LABOR THUGS take $31billion in management Fees per annum.They are getting as bad as the CLINTONS. All SHORTONBRAINS promises for all his excessive spending will be financed by the WORKERS Held Superannuation Fund.Borrowed at an extraordinarily High Rate from the Unions.That will increase the UNION THUGS Management Fees.Borrowing the workers money charging the workers extra in all areas then taking the CREAM for themselves.

Years of excessive union demands have driven our industries to the wall. Now they steal from the people they helped put on the scarp heap. Shorten and his CFMEU bosses are no better that highway bandits.

Outright thievery - what Labor and the Unions know best.

Shortarse doesn't care about your Super, he's happy to take your benefits under the guise of Tax knowing that his Parliamentary Super and generous Pension is guaranteed and unaffected by this bastardry.

and when they run out of other peoples money ? ................................

So true - hope Australians see through this stupid little union hack/liar and his stupid Bowen

The temptation for Labour to misappropriate other peoples cash is just too great.They can not help themselves...........They will tell the world, that they will invest it in Australia and it will all work out and we will All be far better off......FFS............When was the last time Labour showed it has any ability to save Money?? They have all the Fiscal foresight and integrity of a rat in a burning Meth Lab.....

If that commie bastard touches my Super, well...

and yet the truly monumentally stupid voters will still vote for this POS. Mind you most ALP voters wont have had a job and super is something that they only wish they had worked for.