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‘It’s a terrible idea’: Industry slams plan to restrict super advice

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• What started as a single co-working “side hustle” survived the rise and fall of WeWork and the pandemic to land Cliff Ho and Tom Ye on the Young Rich List.
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Daniel Roberts, a former Macquarie banker who runs the Nasdaq-listed data centres business, says the agreement is only the first of many as demand booms. Simon Beard, the founder of streetwear empire Culture Kings, wants to live as long as possible to enjoy his success. The cryptocurrency gaming start-up is backed by some of the country’s best-known venture capital funds and says it has significantly reduced its cash burn. Airtree and Quadrant led a big capital injection into the Sydney robotics start-up, catapulting its founders up the Young Rich List.

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The plan to impose a retrospective tax on foreign investors is a politically opportunistic attempt to bail out the budget that sets a dangerous precedent. A three-year-old start-up run has raised more than $20 million in a fundraising round after claiming its agents make better phone calls than humans. Irene Thomas spent six months fighting for her late husband’s superannuation, and members are still waiting for the government’s long-promised service standard rules.

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