Annual Members’ Meeting 2022-23

The Annual Members’ Meeting for the financial year 2022-2023 took place on Tuesday 21 November 2023 at 6pm.

Our Independent Director Lisa Marty hosted the meeting, and Co-chair Michael O’Connor provided a Fund update. CEO Bill Watson gave a report on investment performance and an update on Fund activities and outlook for the coming year.

Key updates

• Fund membership had grown by 3,000 members in the 2022/23 year
• The Fund had grown to over $4B in retirement savings for members
• Our personal service model will remain a priority going forward
• We have developed a member services standard which we’ll be asking other industry funds to agree to deliver
• We achieved positive returns for all investment options and outperformed many larger funds
• Our 10-year average returns for our Balanced Accumulation option is 7.88% and 8.37% p.a. for our Balanced Pension option

Annual Members’ Meeting Minutes 2023

Additional information

We’ve included the following information as required by superannuation.

• Summary of significant event notices and changes for the past 2 years
• Our FY2022/23 Annual report will be available online from 31 October.
• The most recent annual members outcomes assessment
• Your annual statement which is available in firstonline
• Directors and Executive remuneration details.
• Detailed payment listings for FY 2022/23 including promotion, marketing and sponsorship information, political donations, industrial body payments and related party payments will be available early November.