Of all those harmed by the allegations of criminality and corruption at the CFMEU under John Setka, who could have guessed that industry super’s cosiest club – the directors’ suite – is now in the barrel.
An unprecedented review into Cbus over its CFMEU links wasn’t enough for the Australian Prudential Regulation Authority. On Thursday, it said it wants to cap all super fund directors’ terms at 10 years.
