As your superannuation is probably your largest single investment after your home, it is essential that it is managed by highly-qualified and experienced people who act in your best interests.
The APSS Management team is focused solely on providing retirement benefits for you, our members. A big part of that is our commitment to excellence in corporate governance and so we adhere to strict industry standards, regulatory requirements and internal controls across all areas of the Scheme.
The APSS operates under a range of corporate governance policies and practices that have been put in place to:
Our Trustee Board of Directors has overall responsibility for governing the APSS. Read the profiles below to learn more about the directors who are working for you:
APSS is committed to providing excellent service to all members. To make this happen,our in-houseis responsible for the everyday operations of the APSS to ensure that our service standards are met or exceeded. Our remuneration practices have been designed to reward our people fairly and responsibly. Our senior leadership team along with our staff are paid in a way that takes into account the specific responsibilities and duties of their roles and is reviewed accordingly. For details of the total remuneration received by our senior leadership team .
We also complement our in-house expertise with the appointment of external service providers whose specialist skills assist us with the Scheme's key operations such as managing your investments.
The APSS is concerned about promoting effective corporate governance practices in the companies in which it invests to avoid the risk inherent in corporate governance failure. The Trustee therefore recognises its responsibility to ensure that the voting rights associated with the Scheme's public market equity investments are exercised in a prudent fashion and in a manner that is consistent with the best interests of members.
The Trustee delegates responsibility for management of the Scheme's public market equity investments (including responsibility for proxy voting) to specialist third party investment management firms. These specialist firms are required to manage the Scheme's equity investments in accordance with agreed guidelines and principles including the general principle of maximising portfolio value and returns, subject to acceptable levels of risk. For full details of the voting policy click here.
Where the Trustee of the APSS, or one of the associated entities which may be used by the Trustee to hold certain APSS investments (Private Syndicate Pty Ltd and Private Syndicate (US) Inc.), directly holds shares in listed companies that are not managed by the specialist investment managers, the Trustee or one of the associated entities will not vote in the Scheme's best interest and in accordance with the same principles above.
One of our obligations is to ensure we manage any real or perceived conflicts when it comes to directors or executives undertaking their roles. Click here for a summary and copy of our conflict management policy.
In addition, the Board takes risk management, compliance and complaints handling seriously and has established a framework which enables the APSS to operate prudently and protect your interests.
Where your interests and investments in the APSS may be impacted by the occurrence of a significant event or the decision to introduce a material change, significant event notices will be issued to all affected members in a timely and transparent manner. For a summary of the significant event notices issued by the APSS over the past two years
Other APSS governing rules, reports, governance documents and member publications that are available from this website include: