Annual Members' Meeting | About Us

Welcome to NGS Super’s Annual Members' Meeting page, where you will find information on the latest as well as past meetings.

2023

2022

2021

2020

2023 Annual Members' Meeting

We live-streamed the 2023 NGS Super Annual Members' Meeting (AMM) from Sydney on Thursday 16 November 2023, which included presentations from our Chair, Dr Geoff Newcombe, Chief Executive Officer, Natalie Previtera, Deputy CEO/Chief Strategy Officer, Ben Facer, and Chief Investment Officer, Ben Squires. Our Executives also answered questions which were submitted from members.

Further information

We’re required to provide you with the following information in accordance with paragraph 29P(3)(b) of 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	Amount ($)
Aggregate remuneration expenditure**	3,949,608
Aggregate promotion, marketing or sponsorship expenditure ***	3,907,719
Aggregate political donations	Nil
Aggregate industrial body payments*	195,539
Aggregate related party payments*	2,420,471

*In accordance with legal and regulatory requirements, an expense that meets the definitions of more than one category is included in each applicable category.
**Aggregate Remuneration expenditure has been updated since the original AMM notification to correct incorrectly included transactions resulting in the reported figure now down from $4,446,607.
***Aggregate promotion, marketing or sponsorship expenditure has been updated since the original AMM notification with certain new transactions included, and others now deemed out of scope. The reported amount has now decreased from $3,999,246.

Detailed payments

Promotional payments and sponsorships

Supplier name	Contract term	Value $	Explanation
AHISA Limited (ACT)	3 years	42,323	Sponsorship agreement with AHISA Ltd, including exhibiting/presenting/attending all AHISA conferences/events during the period, minimum three per year. Attendance at each state/territory branch events/meetings at least once per annum. Promoted on AHISA website, social media and print collateral.
AIS, Association of Independent Schools, NSW *	1 year	15,675	Partnership of AIS NSW Flagship Program 2023, provision of 5 x scholarships.
AIS, Association of Independent Schools, SA	22 months	26,125	Marketing agreement with AISSA, including advertising in monthly member emails, attending/presenting at all AISSA events and meetings.
Alison Williams	1 day	28,016	Digital Video media support for communications pieces
ALKYONA PTY LTD	1 day	4,212	Venue hire for SA Payroll function - Educational session for SA HR and Payroll managers
Anglican Schools Australia (ASA)	1 year	8,360	Advertising at Anglican Schools Australia conference.
ASBA Ltd *	4 years	104,500	Partnership with ASBA National, including advertising in biannual ASBA Associate Magazine, exhibiting/attending/presenting at ASBA Biennial National Conference, ASBA Roadshow Professional Development Days minimum two per annum, and ASBA Chapter Conference Biennially. Listing on ASBA Supplier Directory, logo inclusion in all Chapter marketing materials and event flyers, and attendance at ASBA Board meetings minimum twice per annum.
ASBA Ltd NSW	4 days	5,745	Partnership with ASBA NSW for 2022 State Conference.
ASBA Ltd QLD	2 years	14,787	Partnership with ASBAQ, including exhibiting/presenting/attending all ASBAQ events and Professional Development Days, attendance at ASBAQ regional group meetings.
ASBA Ltd SA/NT	2 years	26,125	Partnership with ASBA (SA & NT), including exhibiting/presenting/attending all ASBA (SA & NT) Professional Development Days and biennial chapter conference.
ASBA Ltd WA	3 days	5,748	Exhibition booth/attendance at ASBA (WA) 2022 State Conference.
Ascender	1 year	58,666	Creative Agency used for ad hoc campaigns throughout the year including the onboarding campaign, value of advice, investment awareness campaigns.
Ascent Anglican Church of Southern Queensland	1 day	12,540	Partnership with ASCENT for 2023 Conference.
Associated Christian Schools Ltd	3 days	3,800	Partnership with ACS for Leaders’ Summit 2022.
Australian Catholic University	1 year	7,000	Provision of 2 x scholarships to support students enrolled in the School of Education (Brisbane) who were keen to undertake a practical placement in a rural, regional or remote area.
Australian Printed Ribbon	1 day	418	NGS Super Melbourne Office launch event costs
Belonging Early Years Journal	1 day	3,610	Advertising in Belonging Early Years Journal Vol 11 No 3 and Vol 12 No 1.
Bernard O'Connor	8 days	5,432	Engaged for services to research and draft eight articles on superannuation for publication in Newsmonth (IEU NSW/ACT publication).
Brisbane Catholic Education Office	1 day	8,075	Support of 2023 Brisbane Catholic Education (BCE) Excellence Awards.
Buchan Consulting PTY LTD	1 year	375,698	Creative Agency providing used for a variety of engagements including member communication campaigns, design of digital ads, provision of public relations service to monitor and identify media opportunities, and assistance in responding to the cyber incident.
Canva	1 year	199	Subscription for digital design tool
CaSPA Catholic Secondary Principals Australia	18 months	31,350	Partnership with CaSPA, including advertising in monthly member email, presenting at board meetings, exhibition/attendance/presenting at CaSPA Biennial National Conference.
Catholic Education SA (CESA)	1 day	6,270	Partnership with CESA for the 2023 SA Catholic Education Awards.
Christian Management Australia	3 days	7,553	Support of 2023 CMA Conference.
Community Management Solutions *	4 days	3,135	Advertising in Community Management Solutions newsletter April 2022, June 2022, August 2022, February 2023.
Creative Visuals Pty Ltd	3 days	8,167	Marketing banners and event support
Crown Melbourne Limited	1 day	5,000	Support for venue costs for ASBA event for members
Dave Clark Design Associates	1 year	181,642	Digital design agency providing graphic design for electronic and website marketing assets as well specific engagements such as the PDS and branding refresh.
Ecumenical Schools Australia	2 days	3,496	Support of 2023 Board Chair Luncheon and 2023 Annual Conference.
Education Australia	1 day	6,218	Advertising in Education Australia September 2023 edition.
Expo Centric Pty Ltd	3 days	37,166	Conference stand costs for ASBA conference
Exponet	3 days	1,917	Conference stand costs for HICES conference
Financy	1 year	10,450	Partnership with Financy, including thought leadership piece in quarterly Financy Women's Index (FWX) and accompanying media articles.
Frank Green Enterprises Pty Ltd	3 days	6,751	Merchandise
Getty Images	1 year	6,009	Annual subscription for access to stock images for campaigns and digital design.
Good EDI Pty Ltd	3 days	1,588	Merchandise costs for Anglican Schools Australia conference
Google Australia Pty Ltd	1 year	239,867	Online Search Engine Optimisation and Marketing Advertising (Google ads) - Paid search advertising boosts brand exposure and awareness by allowing Fund messaging to appear at the top of search engine results for specific keywords.
Heads of Independent Co-Educational Schools	3 days	8,360	Partnership with Heads of Independent Co-Educational Schools (HICES) for the 2023 Conference.
HoneyComb Promotional Marketing Agency	3 days	8,883	Merchandise and conference stand costs for ASBA conference
IEU, Independent Education Union (NSW/ACT Branch) ***	4 years	102,772	Marketing agreement with IEU NSW/ACT Branch, including advertising in Newsmonth, 8 issues per annum, Independent Education, 3 issues per annum, and Bedrock, 3 issues per annum, publications, running of financial planning seminars and workshops, minimum four per annum, attendance and promotion at IEU workplace events and Professional Development Days.
IEU, Independent Education Union (QLD/NT Branch) **	3 years	41,800	Marketing agreement with IEU QLD/NT Branch, including advertising in Independent Voice Journal publication, four times per annum, running of financial planning/retirement seminars and workshops, attendance and promotion at IEU workplace events and Professional Development Days.
IEU, Independent Education Union (VIC/TAS Branch) ***	1 year	4,750	Advertising in IEU Victoria Tasmania magazine The Point - 4 editions.
IEU, Independent Education Union (WA Branch) **	2 years	21,850	Marketing agreement with IEU WA Branch, including running of financial planning/retirement seminars and workshops, attendance and promotion at IEU workplace events and Professional Development Days.
IEU, Independent Education Union Australia **	1 day	5,700	Partnership with IEUA for National Conference.
Independent Primary School Heads of Australia LTD South Australia	18 months	5,000	Partnership with IPSHA (SA) Branch, including advertising in quarterly email, presenting at meetings, exhibition & speaking at IPSHA tri-state conference.
Industry Superfunds Australia Pty Ltd	1 year	673,043	Membership fee to Industry Superfunds Australia. Membership and affiliation to industry body which promotes the Fund as part of the Industry Fund movement through association with its brand assets achieving a presence for NGS. Inclusion in ISA marketing campaigns, to communicate the importance of low fees to wider audience and existing members.
Initiative Media Australia	1 year	1,119,489	Above the line advertising, over six months, February – August 2023. Advertising on billboards, radio, podcasts, digital ads and social media.
IVE Premiums & Merchandising - Blue Star Promotions	3 days	16,770	Merchandise and warehousing costs
Jesselton Black	1 year	74,195	Investment communication consulting service drafting copy for numerous pieces throughout the year on an as needed basis including Investment Spotlight, TCFD, Divestment, Annual Statements, and Investing 101.
Kwik Kopy Printing Centre Pitt Street	10 days	11,640	Printing costs for flyers and marketing materials
Litmus	1 year	310	Subscription for email marketing platform
Lutheran Education Queensland	1 day	2,090	Support of National Lutheran Business Leaders Conference 2022.
Mailchimp	1 year	87,609	Subscription for email bulk messaging service
MONEY101 - MONEY FOR LIFE PTY LTD	1 year	7,524	Annual financial wellbeing subscription service for members.
Montessori Australia	2 days	6,793	Support of 2023 Montessori Australia Early Childhood Best Practice Conference.
Moreton Hire	1 day	980	Conference stand costs for CMA conference
Mothers Day Classic	20 months	43,596	Sponsorship of 2023 Mothers' Day Classic.
New South Wales Combined Independent Schools Sport	5 years	61,112	Partnership with NSW CIS, including logo on all team playing apparel, promotion at all major sporting events, and attendance at CIS major events, five times per annum and a number of smaller events.
Newcastle Exhibition Centre	1 day	427	Venue costs for member workshop in Newcastle
News Pty Limited (News Corp Australia)	1 day	8,360	Advertising in Education Review.
Petal and Sage	1 day	1,395	NGS Super Melbourne Office launch event costs
SA Catholic Primary Principals’ Association	1 year	6,270	Partnership with SA Catholic Primary Principals’ Association (SACPPA) to enable participation at the annual conference, communication to members, and NGS Super logo on SACPPA website.
Sendgrid	1 year	1,983	Subscription for email bulk messaging service
Simple Supply Pty Ltd (Bio Supply)	1 day	1,177	Merchandise costs for HICES conference
Steiner Education Australia	1 year	12,540	Partnership with SEA, including advertising in Steiner Education Australia Annual Newsletter and exhibiting/attendance/speaking at all SEA conferences.
Tempo Media Pty Ltd	3 months	5,016	Advertising in EducationHQ monthly Newsletter February 2023 - January 2024.
The Baptist Union of Queensland	3 days	5,000	Support of Queensland Baptists Transform Conference 2023.
The Bursar Magazine	1 day	10,220	Advertising in The Bursar magazine in November 2022, Edition 2 - 2022 and Edition 1- 2023.
The Greek Club	1 day	1,909	Venue costs for NGS member seminar - Brisbane
The Lydel Group PTY LTD	1 day	106	Venue costs for NGS member seminar - Gold Coast
The Squiz	8 months	198,477	Partnership with Squiz to deliver of a series of customised podcasts. The Squiz is targeted media that aims to provide a balanced news source for younger Australians.
Totemo	1 year	23,646	Graphic Design agency for website and other collateral production
Twin Towns Clubs & Resorts	1 day	618	Venue costs for NGS member seminar - Tweed Heads
UnitingCare Health	1 year	5,225	Support of The Wesley Hospital Graduate Registered Nurse and Midwife Program, including attendance and presentation at orientation day.
Victoria Park Golf Complex and Function Venue	1 days	2,128	Venue costs for NGS member seminar - Brisbane
Vividads	1 day	2,362	Marketing banners and event support
Weddings of Distinction	1 day	418	NGS Super Melbourne Office launch event costs
Worldwide Botany	1 day	193	Signage for HICES 2023 Conference
XF Illustrations	1 day	2,350	NGS Super Melbourne Office launch event costs

*Also included as part of the Related party detailed payment listing
** Also included as part of the Industrial body payment detailed payments listing
*** Also included in both the Related party and Industrial body detailed payment listings

Industrial body payments

Name	Amount $	Explanation
IEU, Independent Education Union (NSW/ACT Branch) *	933	Advertisement in quarterly trade publication
IEU, Independent Education Union (NSW/ACT Branch) *	1,101	Advertisement in quarterly trade publication
IEU, Independent Education Union (NSW/ACT Branch) *	1,643	Advertisement in quarterly trade publication
IEU, Independent Education Union (NSW/ACT Branch) *	1,101	Advertisement in quarterly trade publication
IEU, Independent Education Union (NSW/ACT Branch) *	1,643	Advertisement in quarterly trade publication
IEU, Independent Education Union (NSW/ACT Branch) *	933	Advertisement in quarterly trade publication
IEU, Independent Education Union (NSW/ACT Branch) *	1,101	Advertisement in quarterly trade publication
IEU, Independent Education Union (NSW/ACT Branch) *	1,101	Advertisement in quarterly trade publication
IEU, Independent Education Union (NSW/ACT Branch) *	23,750	Quarterly marketing and advertising costs
IEU, Independent Education Union (NSW/ACT Branch) *	1,101	Advertisement in quarterly trade publication
IEU, Independent Education Union (NSW/ACT Branch) *	34,181	Quarterly marketing and advertising costs
IEU, Independent Education Union (NSW/ACT Branch) *	34,181	Quarterly marketing and advertising costs
IEU, Independent Education Union (NSW/ACT Branch) ***	18,667	Directors Fees paid via the counterparty
IEU, Independent Education Union (VIC/TAS Branch) *	4,750	Advertisement in quarterly trade publication
IEUA Independent Education Union Of Australia Federal **	5,700	Sponsorship of IEUA conference
IEU, Independent Education Union (QLD/NT Branch) **	3,135	Advertisement in quarterly trade publication
IEU, Independent Education Union (QLD/NT Branch) **	3,135	Advertisement in quarterly trade publication
IEU, Independent Education Union (QLD/NT Branch) **	3,135	Advertisement in quarterly trade publication
IEU, Independent Education Union (QLD/NT Branch) **	3,135	Advertisement in quarterly trade publication
IEU, Independent Education Union (QLD/NT Branch) **	13,063	6 monthly marketing fees
IEU, Independent Education Union (QLD/NT Branch) **	13,063	6 monthly marketing fees
IEU, Independent Education Union (QLD/NT Branch) **	3,135	Advertisement in quarterly trade publication
IEU, Independent Education Union of Australia WA **	475	Incidental costs in hosting Seminar / Workshops
IEU, Independent Education Union of Australia WA**	7,125	Marketing agreement fees
IEU, Independent Education Union of Australia WA**	7,125	Marketing agreement fees
IEU, Independent Education Union of Australia WA**	7,125	Marketing agreement fees

* Payment also included in Promotional payments and sponsorships and Related party detail payments listings
** Payment also included in Promotional payments and sponsorships detailed payments listings
*** Payment also included in Related party detail payments listing

Related party payments

Supplier name	Amount $	Relationship	Nature of Expenditure
AIS, Association of Independent Schools, NSW *	15,675	Shareholder of NGS Super	AIS Leadership Scholarship Program
ASBA Ltd *	52,250	NGS Super Director is the CEO of the counterparty	6 monthly partnership payment
ASBA Ltd *	52,250	NGS Super Director is the CEO of the counterparty	6 monthly partnership payment
Community Management Solutions *	1,045	NGS Super Director is the President of the counterparty	Advertisement in Community Management Solutions newsletter
Community Management Solutions *	523	NGS Super Director is the President of the counterparty	Advertisement in Community Management Solutions newsletter
Community Management Solutions *	1,045	NGS Super Director is the President of the counterparty	Advertisement in Community Management Solutions newsletter
Community Management Solutions *	523	NGS Super Director is the President of the counterparty	Advertisement in Community Management Solutions newsletter
IEU, Independent Education Union (NSW/ACT Branch) **	933	Shareholder of NGS Super	Advertisement in trade journal
IEU, Independent Education Union (NSW/ACT Branch) **	1,101	Shareholder of NGS Super	Advertisement in trade journal
IEU, Independent Education Union (NSW/ACT Branch) **	1,643	Shareholder of NGS Super	Advertisement in trade journal
IEU, Independent Education Union (NSW/ACT Branch) **	1,101	Shareholder of NGS Super	Advertisement in trade journal
IEU, Independent Education Union (NSW/ACT Branch) **	1,643	Shareholder of NGS Super	Advertisement in trade journal
IEU, Independent Education Union (NSW/ACT Branch) **	933	Shareholder of NGS Super	Advertisement in trade journal
IEU, Independent Education Union (NSW/ACT Branch) **	1,101	Shareholder of NGS Super	Advertisement in trade journal
IEU, Independent Education Union (NSW/ACT Branch) **	1,101	Shareholder of NGS Super	Advertisement in trade journal
IEU, Independent Education Union (NSW/ACT Branch) **	23,750	Shareholder of NGS Super	Periodic marketing fees
IEU, Independent Education Union (NSW/ACT Branch) **	1,101	Shareholder of NGS Super	Advertisement in trade journal
IEU, Independent Education Union (NSW/ACT Branch) **	34,181	Shareholder of NGS Super	Periodic marketing fees
IEU, Independent Education Union (NSW/ACT Branch) **	34,181	Shareholder of NGS Super	Periodic marketing fees
IEU, Independent Education Union (NSW/ACT Branch) ***	18,667	Shareholder of NGS Super	Directors Fees paid via the counterparty
IEU, Independent Education Union (VIC/TAS Branch) **	4,750	NGS Super Director is the Deputy General Secretary of the counterparty	Advertising in trade journal
Fund Executives Association Limited (FEAL)	5,330	NGS Super CEO is on the board of the counterparty	Membership fees of industry body
Fund Executives Association Limited (FEAL)	6,375	NGS Super CEO is on the board of the counterparty	Membership fees of industry body
Fund Executives Association Limited (FEAL)	1,077	NGS Super CEO is on the board of the counterparty	Attendance at national conference
NGS Financial Planning Pty Limited	163,383	NGS Super is a shareholder of the counterparty and also shares common shareholders.	Monthly payment to NGS Financial Planning Pty Limited for the cost of intrafund advice services provided to NGS Super members.
NGS Financial Planning Pty Limited	22,652	NGS Super is a shareholder of the counterparty and also shares common shareholders.	Monthly payment to NGS Financial Planning Pty Limited for the cost of intrafund advice services provided to NGS Super members.
NGS Financial Planning Pty Limited	158,425	NGS Super is a shareholder of the counterparty and also shares common shareholders.	Monthly payment to NGS Financial Planning Pty Limited for the cost of intrafund advice services provided to NGS Super members.
NGS Financial Planning Pty Limited	158,915	NGS Super is a shareholder of the counterparty and also shares common shareholders.	Monthly payment to NGS Financial Planning Pty Limited for the cost of intrafund advice services provided to NGS Super members.
NGS Financial Planning Pty Limited	159,562	NGS Super is a shareholder of the counterparty and also shares common shareholders.	Monthly payment to NGS Financial Planning Pty Limited for the cost of intrafund advice services provided to NGS Super members.
NGS Financial Planning Pty Limited	245,041	NGS Super is a shareholder of the counterparty and also shares common shareholders.	Monthly payment to NGS Financial Planning Pty Limited for the cost of intrafund advice services provided to NGS Super members.
NGS Financial Planning Pty Limited	177,728	NGS Super is a shareholder of the counterparty and also shares common shareholders.	Monthly payment to NGS Financial Planning Pty Limited for the cost of intrafund advice services provided to NGS Super members.
NGS Financial Planning Pty Limited	140,863	NGS Super is a shareholder of the counterparty and also shares common shareholders.	Monthly payment to NGS Financial Planning Pty Limited for the cost of intrafund advice services provided to NGS Super members.
NGS Financial Planning Pty Limited	153,138	NGS Super is a shareholder of the counterparty and also shares common shareholders.	Monthly payment to NGS Financial Planning Pty Limited for the cost of intrafund advice services provided to NGS Super members.
NGS Financial Planning Pty Limited	190,925	NGS Super is a shareholder of the counterparty and also shares common shareholders.	Monthly payment to NGS Financial Planning Pty Limited for the cost of intrafund advice services provided to NGS Super members.
NGS Financial Planning Pty Limited	156,812	NGS Super is a shareholder of the counterparty and also shares common shareholders.	Monthly payment to NGS Financial Planning Pty Limited for the cost of intrafund advice services provided to NGS Super members.
NGS Financial Planning Pty Limited	243,343	NGS Super is a shareholder of the counterparty and also shares common shareholders.	Monthly payment to NGS Financial Planning Pty Limited for the cost of intrafund advice services provided to NGS Super members.
NGS Financial Planning Pty Limited	187,407	NGS Super is a shareholder of the counterparty and also shares common shareholders.	Monthly payment to NGS Financial Planning Pty Limited for the cost of intrafund advice services provided to NGS Super members.

* Payment also included in Promotional payments and sponsorships detailed payments listing
** Payment also included in Promotional payments and sponsorships and Industrial body detailed payments listings
*** Payment also included in Industrial body detailed payments listing

Explanations for the short-form expenditure summary for the 2022-23 financial year

Aggregate remuneration expenditure – remuneration for NGS Super’s executive team and trustee directors.

Aggregate promotion, marketing or sponsorship expenditure – relating to the design, production and distribution of Fund promotional and education material. This amount also includes sponsorships, partnerships and advertising costs.

Aggregate political donations – NGS Super does not make political donations.

Aggregate industrial body payments – any payments to industry bodies registered under the Fair Work (Registered Organisations) Act 2009. This includes partnership arrangements for activities that contribute to member education and engagement, and ongoing growth of the Fund.

Aggregate related party payments – any payments for normal business operations to persons or entities which are related parties of the Trustee for the purposes of Australian Accounting Standard AASB 124. Related parties include NGS Financial Planning Pty Limited, Independent Education Union and Association of Independent Schools.

Other information available to you

a summary of significant events or material changes over the past two financial years
our 2022-23 Annual Report
our most recent (2022) Member Outcomes Assessment
Executive remuneration for 2022-23

Your 2022-23 Annual Statement is available in Member Online.

2022 Annual Members' Meeting

We live-streamed the 2022 NGS Super Annual Members' Meeting (AMM) from Sydney on Wednesday 29 March 2023, which included presentations from our Acting Chief Executive Officer, Natalie Previtera, Chief Strategy Officer, Ben Facer, and Chief Investment Officer, Ben Squires. Our Executives also answered questions which were submitted from members.

2021 Annual Members' Meeting

We live-streamed the 2021 NGS Super Annual Members' Meeting (AMM) from Sydney on Tuesday 16 November. Our Deputy Chair, Dr Geoff Newcombe AM, opened the meeting, followed by presentations from our Chief Executive Officer (CEO), Laura Wright, and Chief Investment Officer (CIO), Ben Squires. Our Executive team and Directors of the Board also attended to answer questions from our members.

2020 Annual Members' Meeting

The inaugural NGS Super Annual Members' Meeting was livestreamed from Brisbane and Sydney on 17 November 2020. Opened by the Chair, Dick Shearman, with presentations by our CEO, Laura Wright, and our Chief Investment Officer, Ben Squires, the AMM was also attended by the other 12 Directors of the Board. Questions from members were taken and responded to following the presentations.

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