Gerard Rennick (Queensland, Liberal Party) Share this | Hansard source

I move:

That the Senate—

(a) notes that:

  (i) on 5 November 2019, Sunsuper confirmed it was in merger talks with QSuper – Queensland's largest superannuation fund, which would create the nation's largest superannuation fund,

  (ii) the Chairman of the Sunsuper Board is the Honourable Andrew Fraser, former Queensland Treasurer and State Labor Member for Mount Coot-tha,

  (iii) Ms Anne Fuchs, Sunsuper Head of Advice and Retirement, is the Treasurer of the Queensland Labor Party and a Director of Labor Holdings Pty Ltd – the Queensland Labor Party's investment arm;

(b) expresses its concern at the $11,000 political donation made by Sunsuper to the Queensland Labor Party on 5 September 2019;

(c) calls on Sunsuper to ensure that the interests of its hardworking members are the primary consideration in all business decisions; and

(d) calls on the Queensland Government to ensure that due process is followed in all decisions regarding the proposed Sunsuper and QSuper merger and reflect on whether it is appropriate for its party organisation to accept an $11,000 political donation from Sunsuper.