TWUSUPER team

TWUSUPER is a not-for-profit Industry Super Fund for the transport and logistics industry.

Our Board ensures TWUSUPER looks after the best interests of all members, and we have a skilled and experienced management team looking after the day-to-day operations of the Fund.

• The executive team

  Position	Name
  Chief Executive Officer	Frank Sandy
  Chief Financial Officer	John Arnott
  Chief Investment Officer	Edward Smith
  Chief Governance Officer	Tom Jarosz
  Chief Operating Officer	Matt Licheri
  Executive Manager Stakeholders and Marketing	Tony Buckley
  Manager, Trustee Services	Lou Coia
  Human Resources Manager	Sue Lowe

  The Trustee has a documented process for evaluating the performance of the executive team. These evaluations are carried out annually by the Chief Executive Officer or, in the case of the Chief Executive Officer, the Board. Performance evaluations of all members were most recently carried out in late 2020.

  • Conflicts management policy
  • Employee Code of Conduct
  • Executive remuneration
  • Executive qualifications and experience
  • Relevant duties register
  • Relevant interests register
• Trustee Directors

  The TWUSUPER Board is a representative board that includes both employer and employee representatives.

  This board structure is recognised by peak super bodies such as the Australian Institute of Super Trustees (AIST) and the Industry Funds’ Forum as providing the best governance model for Australian Industry SuperFunds.

  • an Independent Chairman
  • four employee representatives, nominated by the Transport Workers’ Union of Australia (TWU)
  • four employer representatives, nominated by the Australian Road Transport Industrial Organisation (ARTIO)
  • up to six alternate directors, nominated by their respective representatives.

  Independent Chairman	Nick Sherry
  Employee Directors*	Employer Directors*
  John Berger	Peter Anderson
  Richard Olsen	Michelle Harwood
  Michael Kaine	Gary Mahon
  Timothy Dawson	Laurie D’Apice
  Ian Smith (Alternate)	Paul Ryan (Alternate)
  Nick McIntosh (Alternate)	Campbell Dumesny (Alternate)
  Michael McNess (Alternate)

  * Michelle Harwood ceased as an Alternate Employer Director on 2 August 2018 and was appointed Employer Director on the same day.

  * Tony Sheldon ceased as an Employee Director on 11 April 2019.

  * Michael Kaine ceased as an Alternate Employee Director on 6 June 2019 and was appointed Employee Director on the same day.

  * Nick McIntosh was appointed as an Alternate Employee Director on 6 June 2019.

  * Hugh McMaster ceased as an Employer Director on 31 March 2021.

  * Peter Biagini ceased as an Employee Director from 24 May 2021.

  * Timothy Dawson ceased as an Alternate Employee Director on 3 June 2021 and was appointed Employee Director on the same day.

  * Campbell Dumesny ceased as an Employer Director on 3 June 2021 and was appointed Alternate Employer Director on the same day.

  * Laurie D’Apice was appointed as an Employer Director on 3 June 2021.

  * Michael McNess was appointed as Alternate Employee Director on 6 April 2022.

  * David Galbally AM QC ceased as the Chairman of the Board on 1 May 2022.

  Performance evaluation

  The Board has procedures for assessing annually the Board’s performance relative to its objectives and the performance of its Directors. Annual assessment of performance includes:

  • review of performance against the Trustee’s strategic objectives
  • assessment of the Board and Directors in line with the Fit and Proper Policy and the Appointment and Renewal Policy
  • adherence to the Trustee’s governance framework.

  The performance of the Board and Directors was evaluated using the above procedures for the 2019-20 financial year.

  Summary of procedures

  The Board conducts the annual performance review with the assistance of an external consultant. Its overall aim is to identify any issues relating to the Board’s operation that might prevent or hinder it from carrying out its functions. It involves Director surveys and/or interviews and a review of records relating to Directors’ adherence to Fund policies. The results of these are analysed to assess perceived strengths and development areas for the Board as a whole. A report of the assessment is considered by the Board and action plans are developed and implemented, as necessary, and monitored by the Board at each meeting.

  Assessment of the competency of the Board and its individual Directors is conducted annually by the Trustee Secretariat under the Fit and Proper Policy. The fitness of a Director to continue in office is also reviewed at the end of each term, having regard to time already served on the Board, fitness and propriety and other factors.

  Where a Director is found not to be fit and proper or other grounds for removal apply under the company constitution, the Trustee will take all reasonable steps to ensure that the person does not continue as a Director. In the case of a Director failing only to meet training requirements, the Board through its Audit, Risk and Compliance Committee will first attempt to assist the Director to meet those requirements.

  Related documents

  • Conflicts management policy 
  • Director remuneration
  • Director qualifications and experience
  • Rules of appointment
  • Relevant duties register
  • Relevant interests register
  • Board collective skills, experience and diversity

  Committees

  • Audit, Risk and Compliance
  • Communications and Marketing
  • Complaints and Appeals
  • Investment
  • Operations and Remuneration
• Board attendance records

  The table below shows the board meetings attended by TWUSUPER Directors in the last 7 years.  

  Financial year	2014/15	2015/16	2016/17	2017/18	2018/19	2019/20	2020/21
  No. of board meetings	6	7	6	6	6	7	7
  Director Attendance
  Current Directors
  David Galbally AM QC	6	6	5	4	5	6	6
  Peter Anderson1	N/A	3	6	6	6	6	7
  John Berger2	N/A	1	6	5	6	7	6
  Richard Olsen3	N/A	N/A	4	5	4	6	6
  Gary Mahon4	N/A	N/A	4	4	4	6	5
  Michael Kaine5	5	6	4	3	5	4	4
  Michelle Harwood6	N/A	N/A	N/A	4	6	7	7
  Laurie D'Apice23	N/A	N/A	N/A	N/A	N/A	N/A	1
  Paul Ryan (Alternate)7	6	7	5	3	5	6	7
  Tim Dawson8	6	6	5	5	6	7	7
  Ian Smith (Alternate)9	N/A	N/A	2	6	4	4	5
  Nick McIntosh (Alternate)10	N/A	N/A	N/A	N/A		6	6
  Campbell Dumesny (Alternate)24	N/A	N/A	N/A	N/A	N/A	N/A	3
  Former Directors
  Hugh McMaster11	6	7	5	5	6	7	2
  Peter Biagini12	5	7	6	6	5	7	6
  Tony Sheldon13	5	6	4	5	3
  Dennis Sutton14	N/A	N/A	5	5
  Robin Phillips (Alternate)15	5	7	6	1
  Rick Burton
  Wayne Forno16
  Jim McGivern
  Phil Lovel AM17	6	3
  Wayne Mader18	4	5
  Ian King19	6	5
  Peter Garske20	6	6	3
  Ray Wyatt21	6	5	3
  Michael Aird22	5	4

  Notes

  1 Commenced as Director on 03/12/2015.
  2 Commenced as Director on 02/06/2016.
  3 Commenced as Director on 22/09/2016.
  4 Attended 22/09/2016 Board meeting as an observer. Director since 01/12/2016.
  5 Alternate Director 19/04/2007 to 06/06/2019. Director since 06/06/2019.
  6 Alternate Director 07/12/2017 to 02/08/2018. Director since 02/08/2018. 
  7 Alternate Director since 08/04/2011. Director 07/06/2007 to 08/04/2011.
  8 Commenced as Alternate Director on 26/06/2014 to 03/06/2021. Director since 03/06/2021.
  9 Commenced as Alternate Director on 06/04/2017.
  10 Commenced as Alternate Director on 06/06/2019.
  11 Alternate Director 07/08/2008 to 08/04/2011. Director since 08/04/2011. Resigned as a Director on 31/03/2021.
  12 Alternate Director 10/01/2011 to 26/06/2014. Director since 26/04/2014. Resigned as Director on 23/11/2015.
  13 Resigned as Director on 11/04/2019.
  14 Commenced as Director on 22/09/2016.
  15 Resigned as director on 10/08/2017.
  16 Resigned ad Director on 14/02/2017.
  17 Commenced as Director on 09/10/2014. Resigned as director on 09/08/2016.
  18 Resigned as Director on 29/04/2016. 
  19 Resigned as Director on 24/06/2016.
  20 Resigned as Director on 30/11/2016.
  21 Alternate Director 11/06/2009 to 08/04/2011. Director from 08/04/2011 to 08/10/2014.
  22 Resigned as Director on 23/11/2015.
  23 Commenced as Director on 03/06/2021.
  24 Commenced as Alternate Director on 03/06/2021.

• Trustee service providers

  The Trustee engages the following third-party providers in the management of TWUSUPER.

  Material providers

  Function	Provider	ABN
  Administrator	Mercer Outsourcing (Australia) Pty Ltd	32 005 315 917
  Custodian and investment administrator services	BNP Paribas Securities Services	87 149 440 291
  Internal auditor	PricewaterhouseCoopers	52 780 433 757

  Key providers

  Function	Provider
  External auditor and tax adviser	Ernst & Young
  Actuary	Mercer (Australia) Pty Ltd
  Financial advice provider	Industry Fund Services Ltd
  Investment adviser	JANA Investment Advisers
  Investment managers	See investment managers below
  Legal adviser	Sparke Helmore Lawyers
  Group life and income protection insurer	TAL Life Limited (was CommInsure until 27 May 2017)
  Trustee liability insurer	IFS Insurance Solutions Pty Ltd

• Investment managers

  TWUSUPER engages investment managers to invest members’ money across the different asset classes.

  We closely monitor the investment performance of each investment manager and from time to time new investment managers are appointed and others terminated.

  TWUSUPER uses JANA Investment Advisers to help set the investment strategy, select investment managers and monitor performance.

  See investment managers