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'Slush Fund' * Australia - Truckers still paying union one
The fund lacked transparency and was riddled with audit problems
Sydney,NSW,Australia -The Age, by LINTON BESSER -October 12, 2009: -- Trucking firms are still pouring money into a secretive Transport Workers Union slush fund almost two years after investigations found the fund lacked transparency and was riddled with audit problems... The union and its then NSW state secretary, Tony Sheldon, were engulfed in controversy when the so-called training fund was first exposed... Union members had been unaware their employers — including Linfox, Dairy Farmers and Toll — had been secretly making payments to the union while it was also negotiating wage agreements. But since then little has changed... In February 2008, Mr Sheldon released a review of the fund by Deloitte Touche Tohmatsu, which found the fund's managing "council" did not exist and that there was no documentation "that addresses financial management processes".... Last year, the union mailed a summary of the fund's 2007 accounts to members... But this year's version of the same document provided no details on the fund. In the five years to 2005 up to $2 million was given to the fund... In March, state secretary for NSW, Wayne Forno, had announced the fund would be managed from July by a new company, the Transport, Education, Audit, Compliance and Health Organisation, said employer contributions would eventually be transferred to the new company... (Image from TWU)Labels: corruptions
posted by Unknown @ 10:13 AM
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