APRA launched an investigation into EISS after the fund failed the superannuation performance test and media scrutinised its lavish sponsorship arrangements.
TWUSuper has abandoned its planned merger with EISS Super, just days after the fund was hauled before Parliament to account for alleged inappropriate spending.
EISS Super paid rent for charity linked to CEO's daughter afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Ex-EISS Super boss slams 'calculated smear campaign' afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.