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Showing 1 - 10 of 58 results for "BUSSQ"

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... efficiently'," Court said. She went on to say that ASIC has "got much work to come early in the new year on this area". Cbus, BUSSQ, and First Super this year made headlines with respect to their ties with the Construction, Forestry and Maritime ...

Mandate appointments sink to new lows

ANDREW MCKEAN  |  THURSDAY, 17 OCT 2024
... super funds that awarded the most mandates in the year to June 2024 were Rest (15), Hostplus (11), HESTA (7), Cbus (5), and BUSSQ (5). By asset class, most of these mandates were for alternatives and international equities. Rest awarded the largest mandates ...

BUSSQ board members removed

ANDREW MCKEAN  |  FRIDAY, 13 SEP 2024
BUSSQ board 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 ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
... 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 were ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
BUSSQ will challenge what it calls "unnecessary and 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 ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... 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 as ...

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 ...

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
Industry funds BUSSQ and Cbus have defended their respective boards' close ties to the CFMEU, saying all representatives satisfy the fit and proper standards outlined by APRA. This week the Victorian branch of the Construction, Forestry and Maritime ...

FEAL board welcomes Ian Patrick

ELIZABETH FRY  |  TUESDAY, 19 DEC 2023
... purpose to empower world-class leaders in the superannuation industry. Aside from Patrick, the board line-up now consists of BUSSQ chief executive Damian Wills, HESTA chief experience officer Lisa Samuels, and TelstraSuper chief executive Chris Davies. ...

FEAL appoints NGS Super chief to board

CASSANDRA BALDINI  |  FRIDAY, 29 SEP 2023
... Previtera will join existing directors of the FEAL board, including Hostplus group executive member experience Paul Watson, BUSSQ chief executive Damian Wills, HESTA chief experience officer Lisa Samuels, TelstraSuper chief executive Chris Davies, AustralianSuper ...
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