As a profit-for-members super fund, the Trustee’s sole purpose is to ensure AvSuper is run and managed for the benefit of members.
The Board of AvSuper consists of eight Trustee Directors, equally representing AvSuper members and employers. Four Trustee Directors are nominated by the Australian Council of Trade Unions (ACTU) as Member Representatives and four Trustee Directors are nominated by Airservices Australia (the Principal Employer) as Employer Representatives. All nominated Directors are then required to undergo a detailed review process conducted by the Trustee to determine that they are “fit and proper” for the role, as defined by legislation, ahead of their appointment to the Trustee Board of Directors.
On 23 March 2010, Mr Michael Fisher was appointed as a new Member Representative Trustee Director of AvSuper. Michael replaces Mr Robert Belzer, who sadly passed away in December 2009 after a long illness.
Michael is an economist for the ACTU and has extensive public policy experience representing the interests of union members on such matters as pay, health, safety, training and pensions, including negotiating and implementing a new pension scheme for civil servants in the UK. In his current role he is responsible for much of the ACTU’s work relating to the review of superannuation currently being conducted for the Federal government by Jeremy Cooper. Michael also has qualifications in economics, social policy and political geography and holds a PhD that examined workplace change in the British civil service. Michael’s familiarity with superannuation policy and corporate governance in the Australian context will make him an invaluable addition to AvSuper’s Board and to members of AvSuper.
On your behalf, the AvSuper Trustee Board and I would like to congratulate Michael on his appointment and wish him well in this role.