CBUS DISTANCES ITSELF FROM ‘MALIGN’ UNION INFLUENCE

CBUS DISTANCES ITSELF FROM ‘MALIGN’ UNION INFLUENCE

Whilst a majority of Senators were unwilling to act in the national interest, Cbus, the $31 billion construction super fund, has moved to dramatically reduce its links with the CFMEU in response to findings of the Heydon Royal Commission and subsequent review by Graeme Samuel, that the CFMEU exercised a malign influence over the fund with two-thirds of its field workers coming from the union.

Cbus Chairman, and former Victorian Premier, Steve Bracks in a recent interview with The Australian Financial Review noted that the level of CFMEU influence at Cbus had “changed enormously”, stating:

“For our recruitment policy and through our workplace practices the first, second and third loyalty in the fund will be to Cbus, and that’s really the key. That’ll be the focus and that’ll be the intention.”

Master Builders is encouraged by this apparent positive change in culture at Cbus.

Share This