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).
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.
You can be nominated as a Member Director if you:
For your nomination to qualify, you must not be a ‘disqualified’ person under the SIS Act. That is, you must not be a person:
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:
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.
Download, print, complete and return a Nomination Form.
As part of completing the form you will need to provide:
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
Your form must reach the Returning Officer before then, by post or by scanning all documents and emailing them to the Returning Officer at firstname.lastname@example.org
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.
Being a Trustee Director of a superannuation fund is a responsible position.
The principal responsibilities include:
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.
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.
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
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