THE controversial Victorian branch of the Health Services Union has a new name and will soon have a new home.
Secretary Diana Asmar told Sky News Australia at the weekend the union has sold its head office for more than $7 million.
She said the sale would pay off all remaining debts and allow the union to buy a new, smaller office outright.
"As a result our union has been paying up to $500,000 a year in loan repayments just to service this over-the-top debt," she said.
Ms Asmar said the union was rebuilding and membership had surged since the guilty verdicts handed to former union leaders Craig Thomson and Michael Williamson for fraud.