Former Australian Treasurer Wayne Swan addressed Senate committee over superannuation firm delays and governance issues.

Former Australian Treasurer Wayne Swan, now chairman of the $94 billion superannuation firm Cbus, appeared before a Senate committee to address governance issues and delays in processing death and disability claims. Swan defended the appointment of three directors with ties to the CFMEU and apologized to affected members, noting that 80% of unresolved cases have been resolved. He also highlighted broader issues in the superannuation sector related to third-party administrator Link.

November 29, 2024
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