Your Future Your Super Review
Please attribute to Cbus Super Interim CEO Kristian Fok
5 April 2023
MEDIA RELEASE
Cbus is pleased that the Government has acknowledged the importance of access to appropriate insurance for workers in hazardous industries.
Insurance through super has always been a key pillar of economic security for blue collar workers and their families.
The failure to include a hazardous occupations exemption in the original legislation ignored the importance of insurance to workers in physically demanding industries.
Statistically the most vulnerable workers of all in the workplace are young workers new to a job. Following the introduction of stapling, Cbus has seen an increase in apprentices and young people on construction sites without any level of insurance cover for hazardous work.
We look forward to working with government to address the pressing insurance needs of workers across Australia in hazardous occupations.
Read our Cbus Super submission to the Your Future Your Super Review.
Media enquiries:
Tristan Douglas, 0417 736 434 or tristan.douglas@cbussuper.com.au
This information is about Cbus and doesn’t take into account your specific needs. You should look at your own financial position, objectives and requirements before making any financial decisions. Refer to Cbus Product Disclosure Statement, Target Market Determination and Financial Services Guide for more information. Call 1300 361 784 or visit cbussuper.com.au for a copy.
Cbus is the leading Industry Super Fund representing those that help shape Australia. As one of Australia’s largest super funds, we provide superannuation and income stream accounts to more than 875,000 members and we manage more than $73 billion of our members’ money (as at 31 December 2022). Our members include workers and retirees, their families and employers. As of April 2022, Cbus merged with Media Super and offers Media Super products. For more than 30 years Media Super has been the industry super fund for Print, Media, Entertainment and Arts, and broader creative industries.
Issued 5 April 2023, United Super Pty Ltd ABN 46 006 261 623 AFSL 233792 as trustee for Construction and Building Unions Superannuation Fund (Cbus) ABN 75 493 363 262.