Andrew Bragg (NSW, Liberal Party, Shadow Assistant Minister for Home Ownership) Share this | Hansard source

Time will tell. On 29 August the CFMEU administrator, Mark Irving KC, forced all three of the CFMEU appointed trustees off the Cbus board. CFMEU appointed directors still make up half the eight-member BUSSQ board, and BUSSQ recently launched a federal court challenge to APRA's request that they conduct a review of their own arrangements, describing the licensee conditions as unreasonable. Will the government take action so that fund members can be better served by more independent directors on super fund boards rather than them being controlled by unions; and, if not, why not?