Wayne Swan commences as new Cbus Chair
Cbus Super is pleased to announce former Federal Treasurer Wayne Swan has commenced work as Chair of the Fund. Mr Swan took over from Steve Bracks this month.
Mr Swan said he was proud to lead an industry fund with a consistent track record of delivering for members, “For almost four decades, Cbus has delivered strong long-term returns for members while shaping the country through nation building investments. I’m a long term admirer of Cbus creating jobs and investing in the very sector from which the fund draws its membership.
“I am determined to ensure the fund continues to deliver excellent outcomes for members. The super landscape is changing constantly, and I will continue Steve’s ambitious agenda for fund growth to ensure members continue to benefit from economies of scale and the very best investment opportunities.
“I’m excited about working with our members, unions, employers, staff and trustees.”
Joining Mr Swan on the Cbus board are Michelle Beveridge and Jason O’Mara, replacing Anthony McDonald and Dave Noonan respectively. Ms Beveridge will take over as Chair of the Cbus Audit and Finance Committee.
Cbus CEO Justin Arter thanked Mr Bracks, Mr McDonald and Mr Noonan for their years of service to Cbus, “In December, Cbus staff took the opportunity to thank Steve during a virtual town hall.
“For the last 13 years Steve has put his immense leadership and corporate skills to work for the benefit of Cbus members and we thank him for it.
“Dave Noonan has been a tireless advocate for the needs of Cbus members, through various committee and committee chair roles and most recently as the fund’s Deputy Chair.
“Dave’s passion and commitment to superannuation is second to none and it was no surprise to anyone that he was awarded Trustee of the Year in 2019 by AIST.
“Anthony has been a huge contributor to the fund, offering a valuable commercial perspective on our Investment Committee and helping to drive a culture of innovation throughout the fund.
“We thank them for the outstanding contribution that they have made to the working lives and retirements of Cbus members, and warmly welcome our new Board members.”
Michelle Beveridge bio
Michelle brings to the Cbus Board her experience in superannuation, technology, leisure and education. Michelle’s previous executive roles include Chief Information Officer and Chief Operating Officer at Intrepid Travel, Open Universities Australia, and IDP Education Ltd. Michelle was also an independent director of REI Superannuation Fund from 2017 to 2021 including the last two years as Deputy Board Chair.
Michelle’s current Non-Executive Director and Audit and Risk committee appointments include Charles Sturt University, The Leukaemia Foundation, EPA Victoria, Essential Services Commission and The Melbourne Forum.
Jason O’Mara bio
Jason O’Mara has been CFMEU ACT Secretary since 2018 and was the Assistant Secretary of the ACT branch for eight years. Prior to his CFMEU leadership roles Jason worked in construction in the ACT. He is also the current Chair of the ACT Work Health and Safety Council.
Jason is an ardent workplace safety campaigner and is experienced at reforming and managing organisations to lead to significant improvement in the lives and wellbeing of construction industry workers and their families.
Media enquiries:
Gerry Costigan 0418 512 087 or gerry.costigan@cbussuper.com.au
United Super Pty Ltd ABN 46 006 261 623 AFSL 233792 as Trustee for the Construction and Building Unions Superannuation Fund ABN 75 493 363 262 (Cbus and /or Cbus Super). Refer to Cbus Product Disclosure Statement, Target Market Determination and Financial Services Guide for more information.
Cbus is the leading Industry Super Fund for the building, construction and allied industries. As one of Australia’s largest super funds, we provide superannuation and income stream accounts to more than 778,000 members and we manage over $67 billion of our members’ money (as at 31 October 2021). Our members include workers and retirees, their families and employers.