Comments on: CFMEU troubles yet to touch Cbus

By: Phil Jarson

Phil Jarson — Wed, 17 Jul 2024 21:58:36 +0000

In reply to Anon. Well said.

By: Anon

Anon — Tue, 16 Jul 2024 01:01:34 +0000

It concerns me that only months ago the Government was considering giving Union based Industry Funds the power to advise their own super clients with no real regulation in an environment where they can appoint kids off the street and call them ‘qualified advisers’.
They want you to trust the trustees of these funds with the members money in what would have been one of the greatest financial conflicts of interest in this country’s history.
The danger is this legislation is still on the table. These same trustees have already been handing members money to organised criminals in the construction industry as we have seen.
I can imagine giving these same trustees the power to advise their members in a conflicted environment could only lead to a disaster on a scale we have never seen before.
Let’s face it this small group of trustees holds trillions of dollars of members and essentially the country’s wealth.
The links to corrupt Unions to this money is already way too close for my liking.
Calling unqualified workers ’qualified advisers’ is what the labour government and treasurer almost signed off on.
Imagine the corruption that could arise in this situation. This is why the Government and treasurer need to take this’Conflict of Interest’ they are proposing to create more seriously!

By: AON

AON — Mon, 15 Jul 2024 23:08:10 +0000

In reply to No answers hey APRA. most concerning they have done nothing years and years of news about super paying money to unions and nothings investigated until the public know about it, APRA press conference we are going to make sure a proper investigation is done, don't worry about we didn't do our jobs, we turned a blind eye for the promise of a big job and sporting tickets. Don't ask us about our staff have KPI's and bonuses on fines and successful cases so they sit on their hands to get a bigger bonus and this is a huge conflict of interest.

By: No answers hey APRA

No answers hey APRA — Mon, 15 Jul 2024 21:28:53 +0000

Regulatory Capture Corrupted APRA do NOTHING to stop Industry Super dodgy payments & donations.
2 years & no answers to Senate questions ???
How can such blatant stalling, stonewalling & corruption be allowed to continue ???