#hesta — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #hesta, aggregated by home.social.
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(Landlords are always keen to increase the rent)
The #Brunswick and #Coburg apartments were approved on the condition that 60 per cent of the new apartments would be offered as 'affordable housing'. But Assemble owned by superannuation firms #HESTA and #AustralianSuper, reduced the proportion from 60 per cent to 20 per cent.
https://www.abc.net.au/news/2026-04-26/victorian-developer-assemble-withdraws-affordable-housing/106606762 -
HESTA pays ASIC infringement notices alleging misleading statements about carbon emissions
ASIC’s Deputy Chair Sarah Court said, ‘In making the representations, HESTA overstated its commitment to reducing investment in carbon emissions.’
‘Consumers relying on HESTA’s representation may have been denied the opportunity to make informed decisions about their preferred superannuation provider when HESTA gave a false impression that its commitment to reducing carbon emissions was more ambitious than it actually was.’
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#HESTA and Aware Super among large industry players calling for a $5 million limit on account balances in order to improve #equity and stem the cost of #superannuation concessions to the federal budget #australia #inequality #greed
https://www.macrobusiness.com.au/2023/02/australias-superannuation-system-is-designed-to-fail/