Board committees

There are four Board committees that assist the Board in the discharge of its responsibilities. These committees are:

  • The Investment Committee
  • The Risk, Audit & Compliance Committee
  • The Insurance Management & Claims Committee, and
  • The Nomination and Remuneration Committee.

All are governed by their own Charters and delegations of authority, as approved by the Board. These Committees review matters on behalf of the Board and either make recommendations for consideration by the Board, or make decisions as a delegate of the Board.

Investment Committee

AustSafe Super has established an Investment Committee whose role is to review, monitor and make recommendations to the Board on the construction of the investment options and managers used to invest and manage the assets of the Fund.

The Investment Committee consists only of Directors. The Board appoints the Committee members. The Head of Investments, Chief Executive Officer and external, independent Asset Consultants also attend the Investment Committee meetings to provide advice and assistance in investment management decisions for the Fund.

The Committee meets at least ten times a year.

The members of the Investment Committee are:

  • Henry Smerdon (Chair)
  • Charles Burke (Deputy Chair)
  • Brendan Stewart

Risk, Audit & Compliance Committee

The Risk, Audit & Compliance Committee assists the Board in fulfilling its oversight responsibilities for the financial reporting process, the audit process, the system of internal control, risk management and the process for monitoring compliance with laws, regulations and the Board’s Code of Conduct.

The Committee has authority to conduct or authorise investigations into any matters within its scope of responsibility.

The Committee consists of at least three Directors. The Board appoints the Committee members. The Board appoints the Committee Chair, who cannot also be the Chair of the Board or any other Committee. The independence of each member is considered by the Board in appointing and retaining members for the Committee.

The Chief Executive Officer, Head of Member and Employer Services, the Finance Manager, the Head of Finance and Governance and Internal Auditor report to, but are not members of, the Committee.

The Committee meets at least quarterly, with authority to convene additional meetings as circumstances require. The Chief Executive Officer, Head of Member and Employer Services, the Finance Manager, the Head of Finance and Governance, external auditor, Internal Auditor and any other people considered appropriate by the Committee can attend meetings of the Committee by invitation.

The members of the Risk, Audit & Compliance Committee are:

  • Charles Burke (Chair)
  • Tracey Sharpe (Deputy Chair)
  • Craig Sell
  • Sharron Windolf

Insurance Management & Claims Committee

The Board Claims Committee is responsible, under a delegation of authority from the Board, for making decisions on behalf of the Board on matters related to member death benefit claims, member disability claims and early release entitlement benefit claims. The Committee may refer certain difficult claims to the Board for a decision.

The Committee consists of at least three Directors. The Head of Member and Employer Services and Chief Executive Officer also attend the Insurance Management & Claims Committee meetings together with a representative of AustSafe Super’s Administrator to provide advice and assistance.

The Committee meets at least six times a year, with authority to convene additional meetings as circumstances require.

The members of the Insurance Management & Claims Committee are:

  • Tracey Sharpe (Deputy Chair)
  • Dan Galligan

Nomination and Remuneration Committee

The Nomination and Remuneration Committee is responsible for considering and making recommendations to the Board on matters related to management succession and development, the remuneration of management and directors, Board composition and performance.

The Committee consists of the respective Chairs of the Board of Directors, the Investment Committee, the Insurance Management & Claims Committee and the Risk, Audit & Compliance Committee. The Board appoints the Committee Chair, who cannot also be the Chair of the Board. While the Board Chair is the only independent director on the Board, the Board Chair will be the Chair of the Nomination & Remuneration Committee.

The Committee meets at least once each year, with authority to convene additional meetings as circumstances require.

The members of the Nomination and Remuneration Committee are:

  • Henry Smerdon 
  • Charles Burke

Board record of attendance

Click here for information on Board meeting attendance for the past seven years.