SPSF Group & NOC Disclosures

  • 19 December 2016

NATIONAL OFFICER DISCLOSURES FOR THE 2015/16 FINANCIAL YEAR

REQUIRED BY THE FAIR WORK (REGISTERED ORGANISATIONS) ACT (“RO ACT”) AND RULE 28 OF THE CHAPTER A RULES

Under Rule 28 of the Chapter A Rules of the CPSU, it is required to publish financial disclosures made by its National Officers “within six months of the end of” the 2015/16 financial year. The relevant disclosures are made below.

IDENTITY OF FIVE HIGHEST PAID OFFICERS OF THE CPSU FOR 2015/16 FINANCIAL YEAR

The 5 highest paid officers paid by the CPSU are:

National Secretary Nadine Flood $187,127 (includes Superannuation of $24,968) and non-cash benefit in form of a vehicle at $10,520

Assistant National Secretary Michael Tull $156,837 (includes Superannuation of $20,930) and non-cash benefit in form of a vehicle at $13,649

National President Alistair Waters $154,516 (includes Superannuation of $23,516)

Deputy National President Lisa Newman $157,616 (includes Superannuation of $21,033, and LSL cash out of $14,219)

Deputy National President Rupert Evans $141,311 (includes Superannuation of $18,858)

Note: the determination of the highest paid officers is based on relevant remuneration and non cash benefits received as an officer of the CPSU. It does not include officers of the SPSF Group who either do not take a wage for holding the Federal office or receive remuneration in their capacity as officers of State Registered Organisations

DISCLOSURE OF PAYMENTS MADE TO THE GROUP BY A RELATED PARTY OR DECLARED PERSON OR BODY

There was no declaration of this kind made for the 2015/2016 financial year

DISCLOSURE OF MATERIAL PERSONAL INTEREST DISCLOSED TO THE GROUP IN THE 2015/16 FINANCIAL YEAR

The following disclosures of this kind were made by National Officers for this financial year:

Karen Batt, SPSF Group Federal Secretary and Joint National Secretary

Ms Batt disclosed that her partner, Mr Julian Kennelly, holds the position of Chairman and Non-Executive Director of the Board of G&C Mutual Bank Ltd (“the Bank”). His current term expires in 2017. Mr. Kennelly has been elected member of the Board of the Bank and its predecessor, the State Government Employees Credit Union Limited, since 2002. The CPSU uses a brokering firm (Laminar Group Pty Ltd) to negotiate interest rates for the SPSF Group investments and term deposits. The CPSU SPSF Federal Office has a term deposit account with the Bank.  Further, the CPSU SPSF Federal Office has a number of corporate credit cards for officers and employees (including Ms Batt herself) with the Bank

Jan McMahon, SPSF Group Federal President

Ms McMahon advises that her partner Adrian Butterworth, is the owner and Director of Economic Outlook Pty Ltd (the company). The company has an ongoing contract with the SPSF to provide a Must Service Agreement (the contract).The terms of the contract include provision for the company to receive a minimum payment from the  SPSF of $12,000 per quarter of each financial year. The company is otherwise entitled to charge for additional services that are set out in the contract. The contract services are primarily provided to the Federal Office of the SPSF.  The services are however also of use and benefit to the State Branches of the SPSF. Further, the contract specifically provides that individual branches may utilise the company to provide additional services for the purposes of that branch.