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Michael Roddan

Unions vacate field as QSuper faces court

As successive Coalition governments attempted to mandate independent directors on superannuation fund to disrupt the “equal representation” model (whereby union shareholders are guaranteed half of all board seats), a common refrain from the policy’s detractors was that union directors were best at protecting fund members’ best interests due to their singular focus on worker outcomes.

The $120 billion QSuper’s recent application to the Queensland Supreme Court has helped test this contention and the results are, ahem, mixed.

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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com

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    Original URL: https://www.afr.com/rear-window/unions-vacate-field-as-qsuper-faces-court-20211001-p58wi3