The growing threat of superannuation fraud and the debate over artificial intelligence will be the focus of 60 Minutes this Sunday.
In the lead story, reporter Adam Hegarty investigates what the program describes as a rogue scheme that has ensnared about 12,000 Australians. With national retirement savings now exceeding $4 trillion, the report says fraudsters are increasingly drawn to the sector, putting more than $1 billion at risk.
“The super savings pot was overflowing with more than four trillion dollars. That’s a lot of zeroes, and guarantees prosperous retirements for millions of hard-working people. But superannuation here has also become a victim of its success,” the program notes.
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Hegarty’s report considers the impact on individuals facing the possible loss of both their savings and their long-term financial security.
This weekend’s episode also turns to the global conversation on artificial intelligence. Reporter Amelia Adams explores sharply divided opinions, with advocates calling it one of humanity’s greatest advances and critics warning of widespread disruption to jobs and ownership rights.
“A.I. is either the greatest advance mankind has made since the industrial revolution, or a dangerous evil that’s stealing intellectual property while assigning millions of workers to unemployment queues,”
The story points to increasing calls for regulation, with governments urged to act before the technology develops further.
60 Minutes airs Sunday, August 31, at 8.35pm on Channel 9 and 9Now.
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