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Mercy Super is the super fund established and run for our exclusive membership community. Throughout our history we have always put our members first.

One of the ways the Fund reflects the needs of our members is by having three of the six directors of the Board of the Fund’s Trustee, Mercy Super Pty Ltd (ABN 98 056 047 324), nominated and elected by the members themselves. These are known as Member Directors.

The other three directors, known as Employer Directors, are appointed by the Principal Employer, Mater Misericordiae Health Services Brisbane Limited (ABN 83 096 708 922).

Member Director position available

The term of office for one of our current Member Directors expires on 30 June 2019. Because of this, we’re calling for nominations from members to fill this position.

Before nominating a member, or being nominated yourself, you should read the additional detail below on the nomination process, including who can be a Member Director. You should also read the information about what a Director does, as it provides important information about the responsibilities, duties and time commitments of Directors.

Nominations are now being called and will close at 5pm (AEST) on Friday 15 March.

 

Who can be a Member Director?

You can be nominated as a Member Director if you:

  • are a current member of Mercy Super
  • are over 18 years of age at the time of nomination
  • don’t currently work for Mercy Super (and haven’t in the last six months)
  • satisfy all requirements of the Trustee’s  Fit and Proper Policy and Procedures, including not being disqualified from being a director and consent to relevant checks being conducted
  • have the written consent from your employer to act as Member Director, plus
  • provide any other information or consents required, which may include providing names of referees, and evidence demonstrating that you are ‘Appropriately Qualified’ for the position as director.

Process for appointing Member Directors      Fit and Proper Policy and Procedures

 

For your nomination to qualify, you must not be a ‘disqualified’ person under the SIS Act. That is, you must not be a person:

  • who has a prior conviction anywhere in the world involving dishonest conduct;
  • who has been disqualified by the Regulator under the Superannuation Industry (Supervision) Act 1993 (SIS Act);
  • in respect of whom a civil penalty order has been made under the SIS Act; and
  • who, under the Bankruptcy Act 1996 or similar foreign law, is an undischarged bankrupt, including a person whose property is subject to control; or whose creditors have accepted a composition; or who has executed a Deed of Assignment or Arrangement; and the trustee in bankruptcy (or equivalent person in foreign law) has not given an appropriate release.

 

You must also satisfy a fit and proper test. This test is designed to check that Directors are competent, honest and trustworthy. The attributes include, but are not limited to:

  • character, competence, diligence, experience, honesty, integrity and judgement; and
  • educational or technical qualifications, knowledge and skills relevant to the duties and responsibilities of a Trustee.

The requirements for the fit and proper test are set out in our Fit and Proper Policy and Procedures.

Eligible candidates will be validated by the Mercy Super Remuneration and Nomination Committee which may include an interview with the candidate to assess their suitability.

 

 

How to nominate

Download, print, complete and return a Nomination Form.

As part of completing the form you will need to provide:

  • a written declaration that you meet the requirements for a Trustee Director, including those set out in our Fit and Proper Policy and Procedures, and that you are not disqualified from acting as a Director under applicable laws,
  • written consent to a Federal Police check being conducted, and any other checks or investigations required by the Trustee to verify the information provided in your nomination form and associated documentation
  • details of the member who is your proposer including their signature, and
  • written consent to act as a Director if appointed.

The completed form must be returned to:

The Returning Officer – Mr Paul Collins, PwC Australia

PO Box 8334 Woolloongabba Qld 4103

Phone:  07 3257 8558

Deadline: Nominations must close 5pm Friday 15 March 2019.

Your form must reach the Returning Officer before then, by post or by scanning all documents and emailing them to the Returning Officer at paul.d.collins@au.pwc.com

Withdrawal: a candidate may withdraw his or her nomination at any time prior to the close of nominations by lodging a notice of withdrawal with the Returning Officer.

Download a Nomination Form

 

What does a Trustee Director do?

Being a Trustee Director of a superannuation fund is a responsible position.

The principal responsibilities include:

  • compliance with the terms of the Trust Deed and Rules;
  • ensuring members’ rights are protected;
  • investment of the assets of Mercy Super; and
  • ensuring that the fund complies with legislative and regulatory requirements (including the Corporations Act 2001 which covers disclosure requirements and the Superannuation Industry (Supervision) Act 1993 which includes licensing and registration requirements for Trustees and superannuation schemes).

Trustee Directors can take advice and use the services of outside professionals, but the ultimate legal and decision-making responsibilities rest with them.

If you are elected you will be expected to complete certain training and to attend meetings as required. Trustee Directors are required to attend usually five Board meetings each year. Each meeting is typically held on a Monday and lasts four hours (occasionally longer). The Board papers are typically in excess of 250 pages. They are generally issued a week prior to each meeting and need to be reviewed by the Trustee Directors prior to the meetings.

Trustee Directors may also be required to serve on one or more of the Sub-committees of the Board. These also meet a similar number of times each year with meetings generally lasting up to four hours. Committee papers are also issued a week prior to these meetings.

In addition to time spent in meetings and preparation, each Trustee Director is required to complete at least 30 hours of relevant training each year. Trustee Directors are encouraged to attend relevant director training courses within two years of being appointed.

Liability

Trustee Directors must act responsibly and are personally liable for their actions. They can be held accountable for any breaches of duty, negligence or failure to act in a responsible manner. Mercy Super has taken out trustee indemnity insurance that protects its Trustee Directors from loss in some circumstances. If a Trustee Director acts honestly, in good faith and for a proper purpose, it is unlikely that their actions will ever be called into question.

 

 

What happens after nominations close?

That depends on the number of valid nominations received.

Number of nominations What happens next
More than one An election will be held
One The eligible candidate will be declared elected unopposed
No nominations The Returning Officer will seek further nominations and if necessary extend the closing date for the receipt of nominations.

If you’ve got further questions about the process for appointing Member Directors, please contact:

The Company Secretary, Brad Hutchinson

Phone:  07 3163 8624

Email:   brad.hutchinson@mercysuper.com.au

Issued by Mercy Super (ABN 11 789 425 178). The Trustee of the Fund is Mercy Super Pty Ltd (ABN 98 056 047 324, AFSL 415976). The information provided is of a general nature only and does not take into account the financial situation, objectives or needs of any individual. Accordingly, before acting on the information, the appropriateness of advice should be considered in the context of the individual’s objectives, financial situation and needs. Please refer to the Mercy Super Product Disclosure Statements which are available in the Documents and Forms section of the Mercy Super website mercysuper.com.au

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