Cbus
Encyclopedia
Cbus is one of Australia
's largest public offer industry
superannuation
funds. Established in 1984 for the construction
, building
and allied industries, Cbus has grown rapidly in its 27 years and now provides membership to 630,000 Australians working in a wide variety of occupations and industries.
The company
has over 70,000 participating employers managing members’ assets worth more than $16 billion. A team of national staff and coordinators is available in all states to provide information on the range of super options offered.
Remaining true to its roots, Cbus invests back into the construction and building industries to boost the national economy
and create jobs
. The company is actively involved in the governance
and reporting practices of the Australian companies in which it invests.
Extra benefits associated with Cbus membership include financial planning advice, reduced private health insurance
rates and low cost banking. Armed with statistics
that show 94 percent of Cbus members are male, the superannuation fund also provides support to organisations aiming to prevent recognised health
issues that affect the male population in Australia, including prostate cancer
and suicide
.
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
's largest public offer industry
Industry
Industry refers to the production of an economic good or service within an economy.-Industrial sectors:There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction,...
superannuation
Superannuation in Australia
Superannuation is a retirement program in Australia. It has a compulsory element whereby employers are required by law to pay an additional amount based on a proportion of an employee's salaries and wages into a complying superannuation fund.An individual's superannuation fund can be accessed...
funds. Established in 1984 for the construction
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
, building
Building
In architecture, construction, engineering, real estate development and technology the word building may refer to one of the following:...
and allied industries, Cbus has grown rapidly in its 27 years and now provides membership to 630,000 Australians working in a wide variety of occupations and industries.
The company
Company
A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...
has over 70,000 participating employers managing members’ assets worth more than $16 billion. A team of national staff and coordinators is available in all states to provide information on the range of super options offered.
Remaining true to its roots, Cbus invests back into the construction and building industries to boost the national economy
Economy
An economy consists of the economic system of a country or other area; the labor, capital and land resources; and the manufacturing, trade, distribution, and consumption of goods and services of that area...
and create jobs
Employment
Employment is a contract between two parties, one being the employer and the other being the employee. An employee may be defined as:- Employee :...
. The company is actively involved in the governance
Governance
Governance is the act of governing. It relates to decisions that define expectations, grant power, or verify performance. It consists of either a separate process or part of management or leadership processes...
and reporting practices of the Australian companies in which it invests.
Extra benefits associated with Cbus membership include financial planning advice, reduced private health insurance
Health insurance
Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care expenses among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is...
rates and low cost banking. Armed with statistics
Statistics
Statistics is the study of the collection, organization, analysis, and interpretation of data. It deals with all aspects of this, including the planning of data collection in terms of the design of surveys and experiments....
that show 94 percent of Cbus members are male, the superannuation fund also provides support to organisations aiming to prevent recognised health
Health
Health is the level of functional or metabolic efficiency of a living being. In humans, it is the general condition of a person's mind, body and spirit, usually meaning to be free from illness, injury or pain...
issues that affect the male population in Australia, including prostate cancer
Prostate cancer
Prostate cancer is a form of cancer that develops in the prostate, a gland in the male reproductive system. Most prostate cancers are slow growing; however, there are cases of aggressive prostate cancers. The cancer cells may metastasize from the prostate to other parts of the body, particularly...
and suicide
Suicide
Suicide is the act of intentionally causing one's own death. Suicide is often committed out of despair or attributed to some underlying mental disorder, such as depression, bipolar disorder, schizophrenia, alcoholism, or drug abuse...
.