Cbus
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14
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9
EPISODES
9
PODCASTS
Search complete. 14 mentions across 9 episodes found for "Cbus".
Oct 2, 2026
Jonathan RolleyHOST
Like they're spending a lot but they're not owning category entry points And it's really hard to differentiate from one brand to another.
Jonathan RolleyHOST
Why would I choose Hester compared to why would I choose Seabus?
Mikey BurrowsGUEST
Well, I hear what you're saying, but I also felt like Hester was also bucking that trend and not just giving us a nice schmoopy you know, melancholy thoughts about life.
Mikey BurrowsGUEST
It was actually saying, no, dye your hair green.
Gary HardgraveHOST
Frankly, the further away from Brisbane CBD, the less they seem to want to know you.
Gary HardgraveHOST
Now, this one William Street, it's owned by the building union super fund, CBUS, but one William Street is known as Big Willie for many in the public servants.
Gary HardgraveHOST
Look, it is frankly an impressive looking building, but if you look at it architecturally, it's actually shaped like a middle finger.
Gary HardgraveHOST
which kind of underscores how too many in it feel about those who aren't.
11 MINS LATER
Gary HardgraveHOST
It's shaped like a middle finger.
Gary HardgraveHOST
And that's what they're telling us.
Gary HardgraveHOST
As Sean reckons, one of Campbell Newman's greatest failures was to allow the building union CBUS, that's the superannuation fund for the building sector, to keep their hideous sign on 1 William Street.
Gary HardgraveHOST
Well, mate, it's their building.
Bisher KhudeiraGUEST
And then compare the pair.
Bisher KhudeiraGUEST
The old CBUS industry super ad, compare the pair.
Bisher KhudeiraGUEST
How many Bitcoin did we start with? and then how many Bitcoin are left.
Bisher KhudeiraGUEST
And the chances are that why I'm so willing to take that wager is built on 10 years of experience willingly putting Bitcoin into people's self-custody.
Michael ReadGUEST
And there are valid questions about how transparently they wield that kind of power.
Michael ReadGUEST
The scandal in the CFMEU's construction division has also sharpened questions about the influence of unions within the super system, particularly at funds such as CBUS, which does serve the construction industry.
Michael ReadGUEST
The broader concern here is whether Superfunds that do have close ties with powerful unions have a genuinely independent governance function and the ability to put the superfund's members' interests ahead of any kind of institutional or political loyalty.
Michael ReadGUEST
And then just finally, there's also a bit of concern that as the pool of super savings increases, it could become politicised by the federal government who does you know, create the laws that govern how funds should spend money.
Tahli CavagninoGUEST
So it's pretty low, and that isn't changing under the proposals, which is also, um, really important.
Owen RaskHOST
Yeah, so that applies to AustralianSuper, QSuper, ART, Rest, Cbus, TelstraSuper, like all the big ones.
Owen RaskHOST
Um, all...
Owen RaskHOST
They're, they're still the same.
Owen RaskHOST
important.
Owen RaskHOST
Yeah, so that applies to Australian super, Q super, ART, REST, CBUS, Telstra super, like all the big ones.
Owen RaskHOST
Or they're still the same.
Owen RaskHOST
Because if you think about it politically, Mark, the government wants to push more money into super because it's basically a lifeline for the government in 10, 20, 30, 40, 50 years, right? Because they'll be able to say, well, you guys all have the chance to have all this money.
Matthew FraserHOST
What are you against the planet? You see the conundrum that you're in.
Matthew FraserHOST
And you've also got the former treasurer, Wayne Swan, who's the head of CBUS.
Matthew FraserHOST
He's already green-lighted this kind of stuff.
Matthew FraserHOST
What do you think is going to happen, Peter, if...
Stephen ConiglioGUEST
Now, you've
DaneHOST
gone through the 60 seconds, but there's a couple more I wouldn't mind asking, courtesy of our friends at Seabus, of course.
DaneHOST
What about investing? Have you made any good investments? I know you've got the restaurant businesses.
DaneHOST
Maybe talk to us a bit about them.
ScottHOST
Yeah, so if you look at, there's been a few issues.
ScottHOST
So for example, CBUS recently had a very large ruling against it where there was 10,000 CBUS members had died over a number of years and it had taken up to 18 months for those families of the deceased to actually get the super funds released.
PhilHOST
Yeah, incredible.
ScottHOST
So it's certainly in the media at the moment of super funds in general, not just the big industry funds, but just in general around ensuring that there's a certain level of standards in relation to service.
PhilHOST
Like as a trustee of a self-managed super fund, that's kind of the expectation on you that you're going to make that happen in around six months.
PhilHOST
So 18 months is just disgusting to be honest.
ScottHOST
And look, I'm not having a crack at CBUS.
ScottHOST
CBUS had to pay $23 million in fines, but all the big ones have had this issue.