No proper processes at Cbus for CFMEU p ayments; Billionaire’s exit was ‘circuit breaker’ to protect WiseTech

Good afternoon,

Construction industry superannuation fund Cbus did not have proper processes to ensure that its 'partnership' payments to the CFMEU were in the best financial interest of members, according to Deloitte.

Billionaire Richard White has defended his exit from WiseTech as a 'circuit breaker' move to protect the tech company, which he claims was being hurt from 'the noise in the media'.

Supermarket giants Coles and Woolworths have defended allegations they promoted false discounts, saying they were legitimate and blaming suppliers for asking for price increases.