A review into the culture of the construction industry super fund,commissioned in 2015,has finally seen the light,and it says the fund was too closely linked to the disgraced CFMEU.
Grieving family members would get faster access to the superannuation of deceased loved ones under mandatory standards the Albanese government plans to introduce if re-elected.
Cbus has partially blamed administration platform MUFG for delays in paying out life insurance claims. The group’s CEO hit back on Friday.
Cbus’ chair will be asked to clarify “gaping holes” in his testimony last week following the release of an independent inquiry examining corporate governance failures at the fund.
The super giant’s chairman was hauled before a Senate committee,where he was grilled over the governance failings engulfing the embattled fund.
He looked about as thrilled as Johnny Depp and Amber Herd in the 2016 “hostage video” delivered after they smuggled their dogs Pistol and Boo into Australia.
Anti-superannuation Liberal frontbencher Andrew Bragg will question Swan in a hearing over allegations Cbus mishandled $20 million of payouts.
Some of the largest and most powerful players in the Australian economy have connections to unions and the Labor Party in their DNA.
Appearing before a Senate inquiry on Thursday morning,Cbus chief executive Kristian Fok was grilled on a litany of scandals engulfing the embattled fund.
Rules governing mortgages are coming under fire by some groups who believe they are harming first time buyers. One idea says a change could help 50,000 people.