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Showing 151 - 160 of 835 results for "Cbus"

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
... offer any further comment on these proceedings or the subject matter of these proceedings." Just last month, APRA forced Cbus and BUSSQ to take action to address concerns around their CFMEU-linked directors. The CFMEU's construction and general divisions ...

Cbus' CFMEU board directors exit

ANDREW MCKEAN  |  FRIDAY, 30 AUG 2024
Cbus' CFMEU board directors Rita Mallia, Jason O'Mara, and Dave Noonan are no longer with the fund. The CFMEU directors were removed from the super fund's website earlier this week. Cbus' board comprises 14 directors, including an equal number of ...

ISPT, IFM Investors merger advances

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... July 2023. IFM most recently added Else Bos as an independent director to its board. Established in 1994 by AustralianSuper, Cbus, and HESTA, ISPT invests in office, retail, industrial, education, health, and residential properties.

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... expenditures if they believe there's any risk to its members. APRA imposed additional licence conditions on BUSSQ and Cbus earlier this month, requiring both funds to engage an independent expert to conduct a review their compliance with Prudential ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
... Bragg has introduced a bill to stop the Housing Australia Future Fund (HAFF) from investing in housing projects financed by Cbus. The bill would amend the Housing Australia Future Fund Act 2023 to include an additional limitation in the HAFF's governing ...

Qualitas shines in FY24, Charter Hall contracts

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
... development, one of which is an adjoining commercial and residential tower in Sydney's CBD under construction on behalf of Cbus Property.

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... said. "That's why it's appropriate that APRA has instigated an independent review into issues raised in recent weeks - and Cbus has supported the regulator's actions. "It's a legal requirement that trustee directors must pass a fit and proper assessment ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... ASIC was concerned about accountability at the board level - a timely mention given the recent concerns around the CFMEU, Cbus and BUSSQ. "Boards of trustees need the right skills and reporting structures to oversee and deliver retirement income strategies ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... investigation found a CFMEU official allegedly bragged about his power to secure lucrative contracts on projects funded by Cbus, claiming to have insider influence. Cbus, which has a 14-member board comprising an equal number of employer and union directors ...