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Showing 11 - 20 of 52 results for "CFMEU"

Cbus confirms CFMEU nominations to board

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... and have the personal integrity and independence of mind necessary to be effective guardians of members' savings. The CFMEU can nominate three of the 14 positions to the board, and Cbus has confirmed its nominations of Crumlin, O'Mara, and Weber ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... Super this year made headlines with respect to their ties with the Construction, Forestry and Maritime Employees Union (CFMEU), putting into doubt the relevance of union representation on super fund boards and pointing the microscope on potential conflicts ...

Cbus board still considering CFMEU directors

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
... Kristian Fok said the fund's board is still considering whether it will appoint the replacement directors nominated by the CFMEU back in September. In September, the CFMEU administrator re-nominated former CFMEU ACT boss Jason O'Mara, and nominated ...

Bragg calls for Cbus to front Senate

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... executive Kristian Fok to face a Senate inquiry over the recent legal proceedings launched by ASIC against the fund and the CFMEU scandal. "The reason that we're having a Senate inquiry in Canberra into these issues is actually because of the data ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... marketing. When it comes to payments to industrial bodies, Cbus forked out $2.26 million with $923,000 of that going to the CFMEU. However, First Super was the biggest contributor to industrial bodies, spending $2.34 million with the vast majority of ...

Morningstar flags governance issues, leadership turnover at Cbus

ANDREW MCKEAN  |  TUESDAY, 29 OCT 2024
... affiliations, with three members resigning from the board in August following corruption allegations in relation to the CFMEU. "Cbus is not unique with its union representation; however, with the current and former chairs of the board also connected ...

BUSSQ board members removed

ANDREW MCKEAN  |  FRIDAY, 13 SEP 2024
... members Jacqui Collie and Michael Ravbar, both of whom are senior Construction, Forestry, and Maritime Employees Union (CFMEU) officials, have been replaced effective immediately. The administrator for the Queensland branch of the CFMEU, which has the ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
... duties as a director in relation to a contract between the fund and the Construction, Forestry and Maritime Employees Union (CFMEU). In addition to being First Super's co-chair, O'Connor is the national secretary of the manufacturing division ...

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 ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... potentially impractical" licence conditions imposed by APRA, which were sparked by allegations of serious misconduct within the CFMEU and concerns about its potential impact on the super fund. The Construction, Forestry, Mining and Energy Industrial ...