The CFMEU is pushing to oust a NSW industry redundancy fund that gave construction workers thousands of dollars in cash every year and replace it with a John Setka-backed fund that will instead pass profits to union-related entities.

The Construction, Forestry and Maritime Employees Union NSW branch has backed Victorian-based Incolink, which counts CFMEU Victorian chief Mr Setka as a director, to be the state’s mandated redundancy fund in its latest industry draft agreement.