Phone 1800 444 396
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2023 Annual Members' Meeting

 All members were invited to attend the 2023 Annual Members Meeting which was held at 12pm (AEST) on Wednesday 15 November 2023 at Brisbane City Hall and online.

Meeting Minutes 

Minutes from the 2023 Annual Members' Meeting are now available for download.

Agenda 

The Annual Members' Meeting provided an update on: 

  • Brighter Super following the transfer of Energy Super and SPSL
  • Performance of the Brighter Super fund in 2022/23
  • Recent changes to legislation
  • The year ahead, and the future direction of the fund

You can read the full Notice of Meeting that was emailed or posted to members. 

Presenters

Presenters at 2023 Annual Member's Meeting

Presenters at the 2023 Annual Members' Meeting (from left to right): CIO Mark Rider, CEO Kate Farrar and Chair John Smith.

View the recording of the 2023 Annual Members’ Meeting:

Recorded live on 15 November 2023.

Additional information

In accordance with regulatory requirements, the following additional information is available for you to view prior to the Annual Members’ Meeting:

Notes to the short-form expenditure summary

Please note that expenditure disclosed in each expenditure item in the short-form expenditure summary is not mutually exclusive. That is, payments to some entities may be included in multiple expenditure items as required by section 29P(3) of the Superannuation Industry (Supervision) Act 1993 (Cth), and regulation 2.10 of the Superannuation Industry (Supervision) Regulations 1994 (Cth). This may result in an overstatement of the total expenditure.

Remuneration expenditure includes the remuneration of all executive officers of the Fund for the financial year 2022/2023. Executive officers include directors, special advisors and executives who have the authority and responsibility for planning, directing and controlling the activities of the Fund.

Promotion, marketing or sponsorship expenditure includes expenditure of design, production and distribution of Fund promotional or educational materials, advertising development and media costs, and partnership arrangements. This expenditure is necessary to grow the Fund.

Political donations – Brighter Super does not make political donations.

Industrial bodies are payments to organisations registered under the Fair Work (Registered Organisations) Act 2009 for member access, distribution of Fund promotional and education materials and marketing of the Fund. The amounts recorded here are also included within the total promotion, marketing or sponsorship expenditure item.

Related party payments includes payments made to entities which are wholly owned by Brighter Super. The payments relate to administration, advice and management services provided to the Fund by its related entities.

Note: the short-form expenditure summary does not include any expenditure of SPSL Limited for the period that it was the trustee of the SPSL Master Trust.

Financial information reported in the short form expenditure summary may differ to the Annual report due to differences in requirements between the Superannuation Industry Supervision Act and the Australian accounting standards.

 

Brighter Super short form expenditure summary for financial year 2022/23

Expenditure item

Aggregate amount ($)

Remuneration expenditure

6,184,660

Political donations

-

Promotion, marketing and sponsorship expenditure

1,339,633

Industrial body payments

56,212

Related party payments

5,012,527

 

LGIAsuper Trustee (ABN 94 085 088 484) (AFSL 230511) (the Trustee) as trustee for LGIAsuper (ABN 23 053 121 564) (RSE R1000160) (the Fund) trading as Brighter Super. Brighter Super may refer to the Trustee or LGIAsuper as the context may be. Brighter Super products are issued by the Trustee on behalf of the Fund.

  • Details of contracts associated with promotion, marketing and sponsorship expenditure

    Organisation

    Contract Term

    Expenditure FY22

    Expenditure FY23

    Expenditure FY24

    Total Payments

    Comments

    Australian Municipal, Administrative, Clerical and Services Union Queensland (Services and Northern Administrative Services) Branch

    1 July 2021 to 30 June 2024

    45,600

    45,064

    48,000

    138,664

    Sponsorship

    Cole Lawson

    1 September 2021 to 31 August 2024

    121,518

    135,713

    27,000

    284,231

    Public Relations

    Electro Industry Group Queensland Limited
    (trading as Electrogroup Apprentices)

    1 July 2022 to 30 June 2024

    -

    37,553

    40,000

    77,553

    Sponsorship

    GrowthOps Khemistry Pty Ltd

    14 November 2022 to 13 November 2023

    -

    238,037

    -

    238,037

    Marketing

    Industry Super Australia Pty Ltd

    1 July 2021 to 1 October 2022

    377,519

    96,148

    -

    473,667

    Membership

    Local Government Association of Queensland Ltd (LGAQ)

    1 July 2022 to 30 June 2024

    1,278

    43,339

    50,000

    94,617

    Sponsorship

    Master Electricians Association Queensland Industrial Organisation of Employers (MEA)

    1 July 2021 to 30 June 2024

    63,048

    64,907

    60,828

    188,783

    Sponsorship

    Mates in Construction (Australia) Ltd (trading as MATES in Energy)

    1 July 2021 to 30 June 2024

    -

    243,575

    150,000

    393,575

    Sponsorship

    National Electrical and Communications Association Queensland Chapter (NECA Qld)

    1 July 2021 to 30 June 2024

    23,556

    23,470

    25,000

    72,026

    Sponsorship

    National Electrical and Contractors Association WA Chapter (NECA WA)

    1 July 2021 to 30 June 2024

    23,556

    25,561

    25,000

    74,117

    Sponsorship

    Peer Education Employment & Training Limited (PEER)

    1 July 2022 to 30 June 2024

    -

    10,365

    11,000

    21,365

    Sponsorship

    Agency 888 Pty Ltd

    -

    880

    -

    880

    Marketing

    BCM Group (Australia) Pty Ltd

    -

    166,176

    -

    166,176

    Marketing

    Financial Advice Association Of Australia Ltd

    -

    20,900

    -

    20,900

    Sponsorship

    Informa Australia Pty Ltd

    -

    6,196

    -

    6,196

    Sponsorship

    Lanella Media Pty Ltd

    -

    1,568

    -

    1,568

    Sponsorship

    LinkedIn Corporation

    -

    6,514

    -

    6,514

    Marketing

    Local Government Finance Professionals Queensland

    -

    2,817

    -

    2,817

    Sponsorship

    Moreton Hire Pty Ltd

    -

    1,689

    -

    1,689

    Events

    National Electrical and Communications Association NSW

    -

    7,181

    -

    7,181

    Sponsorship

    NQ Exhibitions

    -

    3,339

    -

    3,339

    Events

    Peak Services

    -

    2,932

    -

    2,932

    Events

    Pro-Visual Publishing Pty Ltd

    -

    5,748

    -

    5,748

    Marketing

    Queensland Council of Unions Rockhampton

    -

    1,408

    -

    1,408

    Sponsorship

    Queensland Electricity Supply Industry (QESI) Rosebowl

    -

    1,500

    -

    1,500

    Sponsorship

    Queensland Energy Club Pty Ltd

    -

    8,481

    -

    8,481

    Sponsorship

    Rainmaker Information

    -

    6,218

    -

    6,218

    Marketing

    Super Signs & Banners

    -

    385

    -

    385

    Marketing

    Tarong Golf Day

    -

    713

    -

    713

    Sponsorship

    The Branding Business

    -

    116,040

    -

    116,040

    Marketing

    The Magazine Publishing Company

    -

    13,083

    -

    13,083

    Marketing

    Vistar Productions

    -

    2,134

    -

    2,134

    Marketing

    TOTAL

    656,075

    1,339,633

    436,828

    2,432,535

  • Itemised list of payments to industrial bodies in 2022/23

    Organisation

    Comments

    Amount ($)

    Date

    National Electrical and Communications Association NSW

    Sponsorship

    3,612

    26/09/2022

    National Electrical and Communications Association NSW

    Sponsorship

    3,569

    31/01/2023

    National Electrical and Communications Association WA

    Sponsorship

    23,471

    07/02/2023

    National Electrical and Communications Association WA

    Sponsorship

    2,090

    30/06/2023

    NECA QLD BRANCH

    Sponsorship

    23,470

    14/02/2023

    TOTAL

     

    56,212

     

  • Itemised list of related party payments in 2022/23

    Organisation

    Comments

    Amount ($)

    Date

    ESI Financial Services

    Administration and advice fees

    252,082.73

    05/08/2022

    ESI Financial Services

    Administration and advice fees

    252,082.73

    13/09/2022

    ESI Financial Services

    Administration and advice fees

    252,082.73

    26/09/2022

    ESI Financial Services

    Administration and advice fees

    252,082.73

    22/11/2022

    ESI Financial Services

    Administration and advice fees

    252,082.73

    01/12/2022

    ESI Financial Services

    Administration and advice fees

    252,082.73

    09/01/2023

    ESI Financial Services

    Administration and advice fees

    252,082.73

    01/02/2023

    ESI Financial Services

    Administration and advice fees

    252,082.73

    01/03/2023

    ESI Financial Services

    Administration and advice fees

    252,082.73

    11/04/2023

    ESI Financial Services

    Administration and advice fees

    277,291.00

    04/05/2023

    ESI Financial Services

    Administration and advice fees

    226,874.43

    04/05/2023

    ESI Financial Services

    Administration and advice fees

    277,291.00

    01/06/2023

    ESI Financial Services

    Administration and advice fees

    277,291.00

    30/06/2023

    SPSL Services Pty Ltd

    Cost recovery reimbursements

    1,685,035.00

    30/06/2023

    TOTAL

     

    5,012,527