We recently sent a notice to all members which included changes to our investment options and the government’s super changes. There are two things we need to update you on.
Since 1993, Mine Wealth + Wellbeing (Mine) has managed the administration of the Coal Mining Industry (Long Service Leave Funding) Corporation (Coal LSL). Effective 1 July, Coal LSL will transition to an insourced business model.
At Mine Wealth + Wellbeing (Mine) we’ve been entrusted with the retirement savings of a significant number of Australians and take this responsibility seriously. With this in mind, we recently wrote to our members advising of a series of enhancements and changes.
In the 2016-17 Federal Budget the government announced a number of far reaching changes to super. Most of the changes target the tax benefits of super for high income earners and offer more incentives to people with low incomes and low balances.
We’re always looking for new ways to best serve members and improve services. Last year we conducted an extensive review of the insurances offered to ensure members have the most appropriate insurance for their needs.