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Treasurer halts GESB mutualisation

Plans to turn over ownership of the state's $9 billion superannuation manager GESB to 295,000 members have been thrown into disarray, with the body and the government apparently unable to conclude a deal at the 11th hour.

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Comments

How many hundreds of thousands of dollars of members money has been wasted on advertising. Super funds should not be allowed to spend existing members money this way.

Perth
The hold up in the mutualisation of GESB is a concern. It seems that mutualisation has become politicalisation. This will in the end COST the members of GESB.

perth
as a gold state member I hope this money is not being handed over to the privatised GESB

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