further to the Super Funds and the Unions
(its starting to all come out)
New data reveals major super funds handed millions of member's savings to CFMEU, other unions over 2023 financial year
Data released by financial watchdog APRA has found unions, including the CFMEU, benefitted from millions in funding drawn from every day Australians' retirement savings.
New data from the Australian Prudential Regulation Authority has revealed unions, including the controversial CFMEU, benefitted from about $14 million drawn from the retirement savings of every day Australians.
The figures, released on Wednesday, show major superannuation funds spent more than $400 million in member's savings on marketing and sponsorship over the 2023 financial year.
A handful of industry funds made up the bulk of spending, about $300 million, with Hostplus topping the list for biggest outlay.
Between them, AustralianSuper, Australian Retirement Trust, Aware Super, BUSSQ, CBUS, First Super, and Mine Super handed $14 million to various unions over the period, with $3.8 million given to the CFMEU and CFMMEU.
AND THERE IS MORE on the link
this is rotten lousy !
