Original article by Sally Patten
The Australian Financial Review – Page: Online : 6-Nov-17
Four industry superannuation funds made total payments of over $A12 million to the Construction, Forestry, Mining & Energy Union between 2007 and 2016, according to the Australian Electoral Commission. The union-backed funds, which include Cbus and FirstSuper, state the payments covered sponsorship arrangements and fees for union officials for sitting on their boards, but Financial Services Minister Kelly O’Dwyer is concerned that the AEC figures do not reflect the full scope of fund payments to unions.
CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIAN ELECTORAL COMMISSION, CONSTRUCTION AND BUILDING UNIONS’ SUPERANNUATION FUND, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, FIRST SUPER PTY LTD, BUSS (QUEENSLAND) PTY LTD, MINE WEALTH AND WELLBEING