Big Losses in Union Sector

Since it is Labour day I thought I would give readers a little piece of information as a taster of a series that is to come.

In the last financial year 15 CTU affiliated unions lost members money.

The largest loss was $674,687 and the smallest loss was $205.

The losses of members money in total (from those unions that have bothered to file accounts) was $2,210,423

Some other key numbers to astound you:

  • One Union spent $2,211,414 on travel and accommodation.
  • That same union owes $1.2M in taxes, yet reported a surplus of $1,242,446
  • One union that reported the largest loss also spent $1,149,528 on travel and accommodation.
  • The top ten unions by revenue pulled in $96,392,035 in fees.
  • Those same unions spent $54,139,939 on wages and salaries or 56% of all revenue.
  • 13 CTU affiliate unions are yet to supply proper audited accounts as required by law.

There is more to come as I continue to collate and analyse the big money that flows through the unions.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.