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AAP
AAP
National
Miklos Bolza

APRA fight with CFMEU-linked super fund 'unreasonable'

CFMEU APRA the Federal Court Mark Dreyfus Cbus
The CFMEU is a shareholder of United Super, which is trustee for the $92 billion Cbus fund. (Darren England/AAP PHOTOS)

Australia's financial regulator has been accused of unreasonably imposing stricter conditions on a super fund partially owned by the CFMEU after possible criminal links within the union were revealed.

The Australian Prudential Regulation Authority put extra licence conditions on United Super and BUSS (Queensland) on August 14 to address concerns about the fitness of board members, processes and how funds were being spent.

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