From financialnewswire.com.au: HESTA, an industry superannuation fund, declined to disclose legal advice regarding nearly $4 million spent on memberships and marketing, citing client legal privilege during a Senate Committee inquiry.

In its response to Senator Andrew Bragg, HESTA noted that much of the total spending went to industry groups like the Super Members Council and Industry Super Australia.

Similarly, Cbus responded to Bragg’s inquiries about its advertising spending, detailing expenditures across various firms.