Cbus Chief Apologizes for Mishandling Death and Disability Claims
The main themes today revolve around Australia’s Construction and Building Unions Super (Cbus) and its continuing inquiries, and the political landscape in the United States. Kristian Fok, the CEO of Cbus, has expressed remorse for the super-fund’s failure to manage customer death benefit or disability insurance claims effectively. This apology was issued during Fok’s address to the inquiry, and it led to discussions that Cbus chairman Wayne Swan may also need to partake in the inquiry personally. This suggestion came from Andrew Bragg, Liberal Senator and Senate Economics Committee head.
In the media industry, notable talkback host, Ray Hadley experienced a decline in Sydney radio ratings, the first in over 20 years. The rating for his morning show on the Sydney talkback station fell by 1.3 points. Meanwhile, in the political sphere, Peter Dutton, refused to confirm or deny his stance on future tax cuts for approximately 1.1 million high-income earners. His vague comments were made in relation to the Coalition’s pledge for further taxation adjustments.
In international politics, Richard Marles, an Australian Labor Party politician, praised Kevin Rudd, former Australian Prime Minister, for his work in the United States. His endorsement comes amidst insinuations by one of Trump’s top advisors, Dan Scavino, that Rudd’s ambassadorial role in Washington might be short-lived. In other U.S. political news, ex-President Donald Trump announced he would nominate representative Matt Gaetz of Florida for U.S attorney-general.
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