RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%

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Example Interest Rates: Home Loan Variable: 5.69% (5.89%*) • Home Loan Fixed: 5.39% (6.59%*) • Fixed: 5.39% (6.59%*) • Variable: 5.69% (5.89%*) • Investment IO: 5.69% (6.48%*) • Investment PI: 5.39% (6.59%*)

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5.12 – The Head of Superannuation fund HostPlus testifies at the Banking Royal Commission

Views 32 Likes 0 Dislikes 0 Published December 31, 2020, 12:21 am

David Elia, Chief Executive of HostPlus, is being questioned over keeping inactive, low-balance members in the fund to collect premiums and spending A$260,000 entertaining employers at the Australian Open.

Recorded on 14 August 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

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The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest payments. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Important Information: Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change. Offer does not apply to internal refinances and is not transferable between loans. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. [ Example Credit Guide Link ]

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Video Archive

5.12 – The Head of Superannuation fund HostPlus testifies at the Banking Royal Commission

Like this article?

Martin Khoury

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