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