7.30: The Cbus superannuation scandal : ABC iview

3 days ago · The Cbus superannuation scandal. CLIP. 8m. Australia's super funds have assets of over $3.9 trillion. For an industry holding so much money you would expect the highest …

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7.30: The Cbus Superannuation Scandal : ABC Iview

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3 days ago · The Cbus superannuation scandal. CLIP. 8m. Australia's super funds have assets of over $3.9 trillion. For an industry holding so much money you would expect the highest …

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VIDEO : The Cbus Superannuation Scandal - ABC (Australian …

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3 days ago · Posted 39m ago. Watch 8m. The Cbus superannuation scandal. Australia's super funds have assets of over $3.9 trillion. For an industry holding so much money you would …

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Cbus Industry Super Fund Apologises For 'far From Perfect' Behaviour

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3 days ago · Cbus CEO Kristian Fok apologised for the super fund's "far from perfect" behaviour to the Senate committee. Loading... Cbus have said $20 million is the amount members …

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ASX Closes Higher, While Another Economist Pushes Back Rate Cut ...

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2 days ago · Corporate regulator warns of further action against the $4 trillion superannuation industry. Catch up on the day's events as they happened on the ABC News markets blog.

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CBUS SUPER SCANDAL — Adele Ferguson

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1 day ago · Australia's super funds have assets of over $3.9 trillion. For an industry holding so much money you would expect the highest standards of corporate governance. Our business …

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Major Super Fund Cbus Is Forced To Apologise After Being Accused …

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4 days ago · Superannuation giant Cbus has apologised after the corporate regulator accused it of failing to process $20 million worth of death and disability claims in a timely manner.

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FAQs about 7.30: The Cbus superannuation scandal : ABC iview Coupon?

Did ASIC take industry superannuation fund Cbus to court?

The Senate Economics References Committee hearing came in the wake of regulator Australian Securities and Investments Commission (ASIC) taking industry superannuation fund Cbus to court. According to ASIC, Cbus failed to process more than 10,000 death and disability claims in a reasonable timeframe. ...

Will ASIC take action against Cbus Super Over delayed payments?

ASIC will take action against Cbus Super over delayed payments. Corporate regulator ASIC is taking Cbus Super to court for failing to process more than 10,000 death and disability claims in a timely way. ...

Why does Senator Bragg want an inquiry into Cbus Super?

Senator Bragg chairs parliament’s Economic References Committee. He said he wants an inquiry into super, believing many funds have become a law unto themselves. “They like to clip the ticket and they don’t like you to know too much about it,” he said. Other families detailed to Sky News Australia their frustrations with Cbus Super. ...

When will Cbus report be released?

A detailed report will be released in early 2025. The chief executive of industry super fund Cbus has apologised in a Senate committee for the fund's "far from perfect" behaviour, amid warnings from ASIC that all providers should be "on notice" over bad behaviour. ...

Why is ASIC taking Cbus to court?

The corporate regulator ASIC is taking industry superannuation fund Cbus to court for failing to process more than 10,000 death and disability claims in a timely way. The Australian Securities and Investments Commission is alleging that payments from more than 6,000 of those claims have been delayed by more than a year. ...

Did Cbus fail to process a death and disability claim?

According to ASIC, Cbus failed to process more than 10,000 death and disability claims in a reasonable timeframe. After the hearing, deputy chair of ASIC Sarah Court said it was not just Cbus who had done wrong, and all super funds would be "put on notice". ...