The Official Organ of LaborNET
click here to view the latest edition of Workers Online
The Official Organ of LaborNET
Free home delivery
Issue No. 203 14 November 2003  
E D I T O R I A L

Beyond the Workplace
The NSW union movement’s intervention this week into the debate over the future of public transport is an important step in redefining what unions are all about.

F E A T U R E S

Interview: Union for the Dispossessed
The Welfare Rights Centre's Michael Raper on 20 years of activism, the politics of punishment and how to make Australia egalitarian again.

Unions: Joel's Law
Building Workers have overcome powerful forces to push workplace safety back up the national agenda. But, Jim Marr writes, their "success" has come at an unacceptable cost.

National Focus: Spring Carnival
It must be spring: punting in Victoria, singing in South Australia, fighting in America. It’s all there in the national wrap from Noel Hester plus an Australian union movement rugby world cup class consciousness poll.

Bad Boss: Fina and Fiends
They sacked the job delegate, reinstated him after an IRC hearing, and sacked him again two weeks later. But that was just the beginning.

Industrial: The Price of War
Mass industrial action is brewing in Israel as the policies of the right-wing Sharon Government come home to roost, writes Andrew Casey.

Economics: Who's Got What
Frank Stilwell pours over the latest BRW Rich List to build a picture of the increasing gap between the haves and have-nots.

History: Containing Discontent
Racism against minorities has always been a stock in trade of politicans, writes Phil Griffiths

Review: An Honourable Wally
Most Australians probably look at our politicians and feel they could do a better job but when redundant meatworker Wally Norman gets the chance to find out he realises getting elected is a major hurdle, writes Tara de Boehmler.

Poetry: The Colours of Discontent
A thousand blossoms bloomed during the US President's spring-time colonial visit last month.

N E W S

 Hamberger Bad for Kids

 BHP Faces UN Sanction

 Hardie Shareholders Face Death

 Road Workers Swing Left-Right Blows

 Joy Battles Goode at ANZ

 Developers To Kick Transport Can

 ACTU Names Its Price

 Death By A Thousand Cuts

 Ban Holes Water Police Deal

 Cleaners Mop Up Contracts Mess

 Workers Entitlements Dumped

 Overtime Goes Bush

 Libs Push Lawyers Picnic

 Unions Set To Stand Up To Bullies

 Jack Thompson Headlines Launch

 Activists Notebook

C O L U M N S

The Soapbox
Bush's Faith-Filled Life
The President's conversion, 'sense of divine calling' and struggle with sobriety are subjects of a forthcoming book, writes Bill Berkowitz

Sport
The Not So Smart Money
Phil Doyle is sick of big money ruining grass roots sport, and he’s taking his bat and going home.

Politics
The Westie Wing
The ongoing challenge for Labor members of parliament is to make what the Premier calls the ‘creative partnership’ between the Government and the union movement a reality, writes our favourite MP Ian West.

Postcard
Behind the Junta
Saw Min Lwin, Secretary for Trade Union Rights/ Human Rights for the Federation of Trade Unions Burma (FTUB), outlines the struggle for workers in his country.

L E T T E R S
 Burma Up In Smoke
 Super Solidarity
 Perils Of Pauline
 Put A PM On The Barbie
 Tom Holds Water
WHAT YOU CAN DO
About Workers Online
Latest Issue
Print Latest Issue
Previous Issues
Advanced Search

other LaborNET sites

Labor Council of NSW
Vic Trades Hall Council
IT Workers Alliance
Bosswatch
Unions on LaborNET
Evatt Foundation


Labor for Refugees

BossWatch



Letters to the Editor

Super Solidarity


We all know the drill - a big company slashes thousands of jobs and its share price immediately rises. Who makes money out of this situation? Not you? What - never thought about how your superannuation makes you one of those ruthless shareholders making money at the expense of others?

While most people's superannuation has been shrinking for the past two years, a couple of things have been happening so quietly that most people may not have even noticed. One is that from March next year, superannuation funds will have to report on whether they have considered "labour standards and environmental, social and ethical factors" in their product disclosure statements. The other is that "ethical" or "socially responsible investments" (SRIs) have been steadily growing, although not yet as popular in Australia as they are in the UK and Europe.

Mind you, the Australian government has not made investing in socially-reponsible superannuation easy: current legislation requires superannuation funds to put making money first. But some super funds have managed to overcome this by proving that ethical funds can make good returns or, in recent years, at least no worse than the rest of them.

It would be great if the union movement supported an SRI choice for existing super funds, as well as improvements to legislation to make it easier for super funds to offer this choice. Solidarity must be more than just talk. As always, the individual must be prepared to put their money where their mouth is, and choose to become wealthy in a way which does not cause human misery or environmental destruction.


------

*   View entire issue - print all of the articles!

*   Issue 203 contents



email workers to a friend printer-friendly version latest breaking news from labornet


Search All Issues | Latest Issue | Previous Issues | Print Latest Issue

© 1999-2002 Workers Online
Workers Online is a resource for the Labour movement
provided by the Labor Council of NSW
URL: http://workers.labor.net.au/203/letters2_super.html
Last Modified: 15 Nov 2005

Powered by APT Solutions
Labor Council of NSW Workers Online
LaborNET