A section of the El Caballo equine resort near Perth was sold at a $4.5 million loss, three years after being acquired for $12 million as part of an initiative to address homelessness within WA's Noongar community. The acquisition was financed by the Noongar Charitable Trust, created by the South West Aboriginal Land and Sea Council, with an additional $1.5 million invested in renovations to convert the resort into habitable social housing.

Superannuation is often seen as a cornerstone of financial security for Australians. It provides a pathway to a comfortable retirement. Yet, some recent events involving superfund managers have raised serious doubts about this trust. Reports of mismanagement and extravagant personal spending, funded by the very investments meant to secure retirements, are alarming. One notable case featured a manager allegedly spending over $440 million on luxury items such as Lamborghinis an

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