Cbus (superannuation fund)

From Wikipedia, the free encyclopedia
For other uses, see C-Bus.

Construction and Building Unions Superannuation (Cbus)
TypePublic non-profit
IndustryIndustry Superannuation
HeadquartersCasselden Place, Level 28,
2 Lonsdale Street, Melbourne, Victoria, Australia
Key people
David Atkin, CEO
Steve Bracks, Chairman
ProductsSuperannuation
RevenueA$50+ billion[1] (funds under management)
Number of employees
373
WebsiteCbusSuper.com.au

Construction and Building Unions Superannuation (Cbus) is one of Australia's largest public offer industry superannuation funds.[citation needed] Cbus is run for the benefit of its members and does not pay dividends to shareholders.

History[]

Established in 1984 for the construction, building and allied industries, Cbus now has over 777,000 members with over 450 staff across three states.[citation needed]

Cbus has over 136,000 participating employers and manages $46.7 billion of members' funds.[2]

Cbus also invests back into the building and construction industry through its $2.8 billion property development company Cbus Property.[3]

Corporate governance[]

United Super Pty Ltd is the Trustee of Cbus Superannuation Fund. The Directors of United Super Pty Ltd are appointed in equal number from member and employer associations in the construction and building industries. An Independent Director also sits on the board.[4]

The current Chair of the board is former Victorian Premier, Steve Bracks AC.

References[]

  1. ^ "CBUS 2018 Annual Report" (PDF). www.cbussuper.com.au. Retrieved 17 December 2018.
  2. ^ "Cbus Annual Report".
  3. ^ "Cbus Property Website".
  4. ^ "Federal Government Super System Review 2010". Archived from the original on 19 March 2015.

External links[]

Retrieved from ""