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[5.12] David Elia, Chief Executive of HostPlus, is being questioned over keeping inactive, low-balance members in the fund to collect premiums and spending A$260,000 entertaining employers at the Australian Open. Recorded on 14 August 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne. Testimony held during the fifth round of public hearings focusing on the conduct of superannuation trustees in Australia at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Exhibits: https://bit.ly/2MRtsbU Transcripts: https://bit.ly/2LqWQkp This video was extracted from the Royal Commission’s webcast archive and republished here as permitted under its Creative Commons Attribution 4.0 International licence. The source file, containing the raw archived webcast of the entire day of hearings, was trimmed to only retain the testimony of the above witness(es) and remove any breaks and offline periods of the webcast. For testimonies held over multiple days, separate source files would have been combined to create one consolidated video. Video Source: https://bit.ly/2XBSBKh Copyright information: https://bit.ly/2K2JMl2 Creative Commons license information: https://bit.ly/1rMF155 Whilst permitted under its Creative Commons licence, the republication of this content on YouTube is not officially endorsed by the Royal Commission nor the Commonwealth of Australia. © Commonwealth of Australia 2018. #bankingRC