Original article by Joanna Mather
The Australian Financial Review – Page: 1 & 2 : 20-Mar-19
The union movement continues to attract scrutiny for using industry superannuation funds to promote its industrial relations agenda. Labor leader Bill Shorten says the legal requirement of super fund trustees to act in the best interests of members overrides any other allegiances they may have. ACTU president Michele O’Neil recently urged super funds to use their influence as investors to ensure that companies offer secure and well-paid jobs. O’Neil is an alternate director on the board of AustralianSuper, which is partly owned by the ACTU.
AUSTRALIAN LABOR PARTY, ACTU, AUSTRALIANSUPER PTY LTD, TRANSPORT WORKERS’ UNION, TWUSUPER, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, EQUIPSUPER PTY LTD, SUNSUPER PTY LTD, AUSTRALIA. PRODUCTIVITY COMMISSION