The New Daily issues apology for ‘hurt and distress’ caused to senator

Superannuation industry-funded publication The New Daily, has retracted, withdrawn and apologised to Senator Jane Hume, Minister for Superannuation, Financial Services, Digital Economy and Women’s Economic Security. The apology related to an article published by The New Daily on 27 April 2021, by contributing editor Michael Pascoe, covering Australia’s lack of a beneficial ownership register, “which contained criticism of aspects of Commonwealth Government policy”.

A statement on The New Daily published on Saturday stated: “Insofar as the comments in the article were capable of being understood to refer to Senator Hume personally, we retract and withdraw them and apologise to Senator Hume for any hurt and distress which has been caused.”

According to The New Daily website, it abides by the principles of the Media Entertainment and Arts Alliance Code of Ethics “in a commitment to honesty, fairness and independence in our journalism”.

Industry Super Holdings, which owns and funds The New Daily, is owned by a number of major industry superannuation funds.

Senator Jane Hume

The sector is currently under increased scrutiny by its regulator, the Australian Prudential Regulatory Authority (APRA) in regards to the expenditure by funds on advertising campaigns, television program sponsorship, sponsorships of sporting teams and payments to external organisations, such as The New Daily.

In a recent speech by APRA deputy chair Helen Rowell at a superannuation funds industry conference, Rowell said that the body had asked more than 20 trustees and industry associations to provide information and supporting analysis on different types of expenditure.

“We expect to conclude this thematic work in the next few months and, if we form the view that some expenditure is contrary to the best interests of members or the sole purpose test, enforcement action will follow,” she said.


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