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03 Apr 09 More on putting the spotlight on large super fund managers

MEMBER 5 also writes on the need to put the "spotlight" on large fund managers:

"I agree with Member 5 from last week’s TAXVINE – the Trustees of large funds do not know how to run a super fund.

Again I have this week found a large superannuation fund telling the ATO that my 61 year old client has withdrawn $101,040 out of his super and that it is taxable to the member as it is a Taxable Component – Taxed Element. Who checks the education of Trustees of Large Funds?"

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