Gangs strip OZ super(like SG CPF) account through mail theft
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''Gangs strip OZ super(like SG CPF) accounts through mail theft
The Sunday Telegraph
May 17, 2009 12:01am''
Scammers strip super accounts
FRAUDSTERS are robbing people of their superannuation in an alarmingly simple scam.
http://www.news.com.au/business/money/story/0,28323,25494612-14327,00.html
I cant believe this happen in 21 st century in First World.
So simple then u can steal Australian superannuation savings
(this is equivalent to Singapore CPF) by false ID!!
OMG!!PM Rudd must act fast to lock all these Super funds.
Rudd plans to use some Super funds to boost economy !!
These poor Australian super holders would be robbed by both sides!!
But no worry.This is A$1 trillions,or equal to Oz GDP,
funds to be targeted!!
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Singapore CPF Board shall look into these OZ cases and prevent
SG CPF members to be robbed by simple technology!!
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PM plan to raid super for projects
Kevin Rudd plan to raid superannuation for projects
Adele Ferguson | May 16, 2009
THE Rudd Government plans to tap Australia's $1 trillion pool of superannuation savings to help plug a $58 billion hole in its nation-building program.
The funding shortfall for approved infrastructure projects has raised concerns that unless a greater portion of national savings can be accessed, some of the 15 rail, road and ports projects announced by Wayne Swan as Tuesday night's budget centrepiece may never be built.
The Weekend Australian has learned the Government's advisory group, Infrastructure Australia, has turned its post-budget focus to developing new investment pathways to funnel super funds into infrastructure. It is understood Infrastructure Australia will submit a set of recommendations to the Government, including various models that offer investment incentives to super funds.
Figures compiled by KPMG reveal the total cost of the Treasurer's nation-building program, to which the Government has allocated $22 billion over the next four years, is $80billion.
The Government has emptied its Building Australia Fund and imposed on itself tight restrictions on future spending. At the same time, the global credit crunch has crippled the ability of the private sector to co-invest in government projects.
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ROAR!!