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Big super spends lots of your money on promotion. Here’s where it goes

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The eight most powerful industry superannuation funds paid about $6 million in sponsorships, promotions and directors’ fees to labour unions last financial year as part of a mammoth $197.1 million marketing spend.

They also funnelled millions of dollars into sponsorship deals for the AFL and a slew of sport teams, as well as fees to union-connected organisations such as the Australian Council for Trade Unions and trades halls.

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    Original URL: https://www.afr.com/policy/tax-and-super/big-super-spends-lots-of-your-money-on-promotion-here-s-where-it-goes-20231226-p5etp0