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CBUS board member Lucy Weber resigned after hiding a romance with a union official, sparking probe into corruption and union influence in Australia’s $110B super fund sector.
CBUS board member Lucy Weber has resigned after it was revealed she failed to disclose a romantic relationship with former CFMEU national secretary Zach Smith when appointed in November 2024.
The undisclosed connection raised conflict-of-interest concerns, prompting CBUS to launch a "fit and proper person" review of Weber and director Earl Setches, who is also under scrutiny over his presence at a social event with gangland figure Mick Gatto.
The situation has intensified scrutiny over union influence, governance, and potential corruption in Australia’s $110 billion superannuation sector, with critics calling for a federal investigation.
La miembro de la junta directiva de CBUS, Lucy Weber, renunció después de ocultar un romance con un funcionario del sindicato, lo que provocó una investigación sobre la corrupción y la influencia sindical en el sector de los superfondos de $ 110 mil millones de Australia.