But instead, Labor and the unions are seeking to dodge reinstating the ABCC, overhauling the governance of industry super, and scaling back Victoria’s Big Build.
into the lawlessness of the CFMEU’s construction division demands three foundational responses that Labor and the unions are seeking to dodge.
Yet Prime Minister Anthony Albanese and Workplace Relations Minister Tony Burke deflect questions about the ABCC with disingenuous claims of why it isn’t needed: that existing laws are enough, that it didn’t stop former Victorian secretary John Setka from tightening his grip, or absurdly, that the commission did not by itself reverse falling productivity.
The Cbus episode suggests doing so is the bare minimum. If anything, the fund seems overinvested in the struggling property sector – 12.5 per cent against an average of 8.5 per cent. The Parliamentary Budget Office says it’s more like $200 billion to build and operate for 50 years. But the fact that it is a honey pot for the CFMEU too should add to the case for now freezing it and leaving Victorian Premier Jacinta Allan to explain the cost of doing so.
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