FACT SHEET ONE – OVERVIEW
COMMONWEALTH SUPERANNUATION CORPORATION ESCAPES ROYAL COMMISSION SCRUTINY
The Commonwealth Superannuation Corporation (CSC) is the fund manager for the Defence Force Retirement and Death Benefits (DFRDB) scheme, the Military Superannuation and Benefits Scheme (MSBS) and ADF Super.
The Terms of Reference of the Royal Commission into Financial Services specifically exclude only ONE financial organisation from scrutiny – 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?
This Fact Sheet helps to answer that question.
FACT SHEET TWO – REBUTTAL
COMMONWEALTH SUPERANNUATION CORPORATION ESCAPES ROYAL COMMISSION SCRUTINY
REBUTTAL OF GOVERNMENT EXCUSES
The Terms of Reference for the Royal Commission into the Banking, Superannuation and Financial Services Industry specifically protected ONLY ONE financial organisation, the Commonwealth Superannuation Corporation (CSC), from the scrutiny of Royal Commission investigators.
The CSC manages the superannuation funds of military veterans, among others, and ADSO and RSL have called on the Government to include CSC in Terms of Reference for the Inquiry. The Government refused and offered reasons for its refusal that border on the disingenuous.
This Fact Sheet rebuts the Government arguments for CSC exclusion from Royal Commission scrutiny.
