Samuel to review CBUS

Former chairman of the ACCC, Graeme Samuel, will review governance arrangements at superannuation fund Cbus.

This has arisen after the leaking of members’ private details to the CFMEU was exposed as part of evidence before the Royal Commission into Trade Union Governance and Corruption.

The move comes amidst damaging claims that the two Cbus employees allegedly involved had also committed perjury by providing deliberately false information to the Royal Commission.

Executive Manager Maria Butera’s evidence was labelled “farcical” by Royal Commissioner Dyson Heydon QC, whilst (now former) Senior Co-ordinator Lisa Zanata admitted to providing false testimony.

Master Builders strong supports efforts to improve the corporate governance of industry funds such as Cbus. It is expected that Mr Samuel’s review will be completed by the end of the year.

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