19/06/2026
“Not once, not twice, but thrice – that is how many times the former head of the Construction, Forestry, Maritime, Mining and Energy Union,Michael O’Conner allegedly told his union colleagues to inflate the cost of its promotional contract with the superannuation fund he also chaired.
First Super is a small $5.3 billion fund run for timber and joinery workers. O’Connor sat on the fund’s board as co-chairman from 2008 until 2024, after being nominated by the manufacturing division of the CFMEU, which was a shareholder in the fund.”
In October 2019, the Australian Prudential Regulation Authority alleged that a conflict of loyalty had emerged for O'Connor.
APRA has claimed in court documents that rather than look after the best interests of First Super and its nearly 80,000 members, O'Connor told a union colleague that the renewal of a promotional deal between the fund and the CFMEU was instead an "opportunity to get some money out of the fund".
The contract was initially agreed in 2017 and involved First Super outsourcing member engagement work to the CFMEU, which charged a flat fee and also invoiced for contractors employed to do the work on behalf of the fund.”
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How typical is this. Unions using your super for their own gain.
Nor is it surprising that the union offical is the brother of Labor Minister Brendan O’Conner.
It’s so blatant it just beggars belief that people still try to defend superannuation.
It’s nothing more than a slush fund for rent seekers particularly the Labor party to clip $40 billion in fees and perks from every year.
It’s time to make superannuation voluntary and stop ripping workers off.
With household debt at record highs and interest rates rising people should be able to pay their mortgage off rather than risk it on dodgy paper assets.
If you want to keep your wages in your pocket and not theirs sign up today at Peoplefirstparty.au