CSC / Royal Commission

WHY DOES THE COMMONWEALTH SUPERANNUATION CORPORATION
ESCAPE ROYAL COMMISSION SCRUTINY ?
 
The Commonwealth Superannuation Corporation (CSC) is the fund manager for both the Defence Force Retirement and Death Benefits (DFRDB) scheme and the Military Superannuation and Benefits Scheme (MSBS).
 
The Terms of Reference of the Royal Commission into Financial Services specifically excludes only ONE financial organisation from scrutiny - you guessed it - the CSC !
 
It is reasonable to ask why the Government doesn’t want CSC Executives to be held accountable before the Royal Commission in the same way as other financial organisation executives ? What is the Government trying to keep hidden from the Australian people? 
 
The DFWA has prepared two Facts Sheets on this issue.  The Fact Sheets detail with (1) Overview and (2) Rebuttal of Government Excuses.   We also have a detailed briefing paper that outlines our concerns about the conduct of the CSC in administering Defence Superannuation. 
 
There is also a major article in Camaraderie First Edition 2018 and a further article in the second edition 2018 is expected.
 
 

Download the Campaign Flyer here !

Keep up to date with developments on this issue on this page or at Latest News on the ADSO website - www.adso.org.au

Please raise this matter with your local Member of Parliament and demand action !

2 July 2018 - THE CASE SUPPORTING THE CSC CAMPAIGN.  A detailed paper has been released advocating for the CSC to be included in the Royal Commission. It is compelling reading for anyone interested in why we are pursuing this matter.  Read it here.

26 June 2018 - BRISBANE PROTEST AGAINST ROYAL COMMISSION’S TERMS OF REFERENCE.  ADF veterans from past and present conflicts will hold a protest with a difference this Thursday, 28 June in Brisbane to complain that their superannuation provider is not included in the current Royal Commission into Banking and Superannuation. The protest will take place between 10.00am and 11.30 am outside the Brisbane Magistrates Court, 363 George Street Brisbane.  A Media Release is available on the DFWA website.  For further information contact the DFWA Qld Br President John Lowis (0439 192 574)

15 June 2018 - CSC CAMPAIGN / ROYAL COMMISSION - LETTER TO THE PM.  Who could now in hindsight possibly believe that CSC has been so effectively well regulated that it need not be put under at least the same scrutiny as the rest of the Financial Institutions are under the current Royal Commission ? Given that perspective, a joint RSL/ADSO Open Letter to the Prime Minister has been released and will also be distributed to each MP and Senator, plus the media as well.

 

 
 
 
 
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