Cbus

Construction and Building Unions Superannuation (Cbus)
Public non-profit
Industry Industry Superannuation
Headquarters Casselden Place, Level 28,
2 Lonsdale Street, Melbourne, Victoria, Australia
Key people
 David Atkin, CEO
Steve Bracks, Chairman
Products Superannuation
Revenue A$27 billion (funds under management)
Number of employees
 373
Website CbusSuper.com.au

Construction and Building Unions Superannuation (Cbus) is one of Australia's largest public offer industry superannuation funds. 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 720,000 members with over 325 staff across three states.

Cbus has over 89,000 participating employers and manages $27 billion of members' funds.[1]

Cbus also invests back into the building and construction industry through its $2.8 billion property development company Cbus Property.[2]

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.[3]

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

References

  1. ↑ "Cbus Annual Report".
  2. ↑ "Cbus Property Website".
  3. ↑ "Federal Government Super System Review 2010". Archived from the original on 2015-03-19.
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