NewsBite

Wayne Swan

This Month

Wayne Swan whitewashes out the Qantas Chairman’s Lounge

What’s worse: Labor fighting for workers rights from the VIP lounge or Swan’s photo editing skills when he tried to hide it?

Burke breaks silence on fund hacks as Victoria Police moves in

Cybersecurity Minister Tony Burke has broken his long silence on last week’s co-ordinated attack on superannuation funds.

Wayne Swan on the campaign trail on Sunday.

Cbus insists Wayne Swan is at the wheel

After backtracking on declarations it had not, in fact, been hacked, Cbus is now investigating its own “cyber incident”.

Super fund customers’ details are up for sale on dark web forums.

Cyber minister Tony Burke ‘radio silent’ on super breach: Coalition

The accusation comes after cybersecurity firms identified the details of thousands of Australian retirees for sale online.

March

Instagram stars take Canberra.

Influencers v has-beens turns the budget into a showdown

Faced with a dire budget set-up, Chalmers threw open the doors to the nation’s social media self-promoters.

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February

Wayne Swan and Andrew Bragg appear at odds over what an answer to a question on notice is.

Wayne Swan, Cbus still won’t answer the question

The Labor powerbroker and Cbus chairman and Liberal Senator Andrew Bragg seem at odds on what constitutes an answer to a question on notice.

Former competition watchdog Graeme Samuel (left) warned former Cbus chairman Steve Bracks (right) to limit the fund’s exposure to the CFMEU. Wayne Swan (centre) is the current Cbus chairman.

Revealed: Cbus’ secret governance report details deep union ties

Commissioned in 2015, the review found the super fund was reliant on the CFMEU to enforce the payment of super in a difficult industry, creating big risks.

January

Brett Chatfield, chief investment officer of CBUS.

Cbus hits ‘sweet spot’ as it surpasses $100b in assets

The construction industry superannuation fund reached the milestone despite a “blip” in November and December when it faced regulatory and political pressure.

Liberal Senator Andrew Bragg.

Prudential watchdog must release secret Cbus review: advice

New advice from the clerk of the Senate argues APRA has no grounds to keep the critical review secret from parliament.

December 2024

Cbus has defended the high bill of its 40th birthday bash, which both John Setka and Wayne Swan attended.

Cbus says $387,000 birthday party was in members’ interests

The industry fund used money earmarked for staff professional development to host a 40th birthday bash for more than 750 guests

Only one per cent of AFR readers believe the Greens have done the best job of the political parties this year.

Greens the worst political performers of 2024: AFR readers

The Greens have been judged the worst-performing party by readers of The Australian Financial Review, who criticised its MPs for obstructing parliament.

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Big super reckoning: what the Cbus woes mean for industry funds

This week on The Fin podcast, James Thomson and Hannah Wootton on the case against the firm, what it means for industry funds and why the “super wars” are back.

Cbus chairman Wayne Swan is sure the fund’s expenditures are value for money. Deloitte isn’t.

Wayne Swan’s Cbus testimony an unexploded bomb

A discrepancy has now emerged between Wayne Swan’s (very) recent Senate testimony and the findings of a review dated two days before his appearance.

Cbus chairman Wayne Swan.

Cbus’ Swan has ‘serious questions’ to answer: Coalition

Fundamental transparency and accountability failings at the industry super fund may yet claim the scalp of its chairman.

The Cbus report is a shot across the bows of the super sector.

Super sector’s problems are much bigger than Cbus

The damning review of governance at CBUS shows while industry funds have led the way in gathering and growing assets, they now need to play governance catch-up.

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Cbus has become the poster child for industry super’s woes.

How Cbus’ big party year went horribly wrong

It’s not the biggest or the worst performing of the super funds. So why has Cbus become the poster child for the $4 trillion sector’s problems?

Super funds should be governed like banks

Wayne Swan’s defence of the appointment of CFMEU-linked trustees to the Cbus board shows why APRA should be able to remove directors who do not meet the criteria.

November 2024

Cbus chairman Wayne Swan, left, and union-backed board appointee Paddy Crumlin.

Crumlin had ‘extensive experience’ in super before getting Cbus job

Construction industry super fund chairman Wayne Swan has defended CFMEU-appointee Paddy Crumlin’s suitability to help oversee its $94 billion in retirement savings.

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Swan apologises for Cbus; Chalmers’ RBA odds; Praise for stock pickers

Read everything that’s happened in the news so far today.

Wayne Swan will give evidence to the senate.

Wayne Swan caves to Senate demands over Cbus scandal

The former Labor treasurer and Cbus chairman had refused to appear at a Senate committee hearing until he was threatened with compulsion.

Original URL: https://www.afr.com/person/wayne-maxwell-swan-5qo