Reading time: Annual Members' Meeting (AMM) 2023
Thank you to those who attended TWUSUPER’s AMM on Wednesday 28 November 2023.
Below is a video recording of the meeting which includes AUSLAN interpreters - and a transcript is available.
You can also read the minutes of the AMM and the Questions and Answers* from the meeting.
* We can only answer questions relating to TWUSUPER, that do not breach our governing laws and do not negatively impact members. Due to privacy restrictions, we cannot answer questions relating to your personal circumstances, but you can call us on 1800 222 071 for further help.
Additional information
The following information is provided as required by the Superannuation Industry (Supervision) (SIS) Act 1993 and regulation 2.10 of the SIS Regulations 1994.
Short-form expenditure summary relating to the entity for the 2022/23 financial year
| Expense Category | Total ($) |
| Aggregate remuneration expenditure* | 3,265,516 |
| Aggregate promotion, marketing or sponsorship expenditure** | 2,568,010 |
| Aggregate political donations | Nil |
| Aggregate industrial body payments** | 1,510,616 |
| Aggregate related party payments* | 2,651,505 |
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* GST exclusive |
|
Notes to the short-form expenditure summary for the 2022/23 financial year
Please note:The expenditure disclosed in each expense category above is not mutually exclusive. The expense categories are defined in the regulations – as a result, some expenditure items are required to be disclosed in multiple categories. Accordingly, the total amounts should not be considered entirely separate expenditures.
Remuneration expenditure includes the remuneration for the Chief Executive Officer and all Group Executives, as well as fees paid to directors, alternate directors, and other Board/Committee members. Further information on remuneration is available in the Director and Executive Remuneration reports.
Promotion, marketing or sponsorship expenditure includes design, production and distribution of Fund promotional or educational materials, advertising development and media costs, and any sponsorships.
Political donations – TWUSUPER does not make political donations.
Industrial bodies are defined in legislation as organisations registered under the Fair Work (Registered Organisations) Act 2009. Payments include Directors’ fees and alliance partnership arrangements which may include advertising, marketing and education services. These arrangements are made on normal commercial terms.
Related party payments occur when payments are made to TWUSUPER subsidiary entities for business and international operations, when TWUSUPER purchases services from an organisation in which it also invests, or when a director of TWUSUPER is an employee of an organisation which provides services to TWUSUPER. Payments include promotional and marketing services, directors’ fees and Board Committee fees, insurance services, financial planning and other member services.
Further information ahead of the AMM
The links below are to a range of documents that were made available before the AMM.
- A summary of significant event notices and material changes within the last two years
- Remuneration report for Directors and Executive Officers
- Our 2023 Annual Report
- The 2022/23 financial statements:
- The most recent Member Outcomes Assessment
- Expenditure disclosure additional information
Annual member benefit statements for the year ended 30 June 2023 were issued to members during August 2023. You can view your statement by logging into Member Online.
Alternatively, you can call us on 1800 222 071 between 8am and 8pm (AEST/AEDT) weekdays.