When the good times return Silver linings playbook Growing together - MTAA Super
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
MTAA Super Update Spring 2020
In this issue
When the good
times return
Silver linings
playbook
Growing
together
Featured
02
When the good times return
Optimism is es
How community spirit is driving
optimism for dealership group,
Peter Kittle Motor Company. and a foun
06
Silver linings playbook
Staying positive during
difficult times.
10
Growing together
MTAA Super and
Tasplan merger update.
In this issue
05 Losing your job during
a pandemic
14 Investment profile:
Flinders Ports Holdings
16 Adapting for a good cause
1300 362 415
contact@mtaasuper.com.au
mtaasuper.com.au
Locked Bag 5134,
Parramatta NSW 2124
Trustee: Motor Trades Association of
Australia Superannuation Fund Pty. Limited
ABN 14 008 650 628 | AFSL 238 718
MTAA Superannuation Fund
ABN 74 559 365 913 | USI MTA0100AU
This document is issued by Motor Trades Association
of Australia Superannuation Fund Pty. Limited (ABN
14 008 650 628, AFSL 238 718) of Level 3, 39 Brisbane
Optimism is es
Avenue Barton ACT 2600, Trustee of the MTAA
Superannuation Fund (ABN 74 559 365 913). Motor
Trades Association of Australia Superannuation Fund
Pty Limited has ownership interests in Industry Super
Holdings Pty Ltd and Members Equity Bank Limited.
The information provided is of a general nature and
does not take into account your specific needs or
and a foun
personal situation. You should assess your financial
position and personal objectives before making
a decision based on this information. We also
recommend that you seek advice from a licensed
financial adviser. The MTAA Super Product Disclosure
Statement (PDS), an important document containing
all the information you need to make a decision about
MTAA Super, can be obtained by calling MTAA Super
on 1300 362 415. You should consider the PDS in
making a decision.
Momentum
ssential to achievement
As COVID-19 continues to devastate
communities and businesses, it can be
ndation of courage
Spring 2020
difficult to think positively about the future.
But as we continue to tackle the challenges, we are also discovering
tremendous determination, passion, and resilience that continues to amaze.
Some of these remarkable traits are on full display from our members
and community partners who are doing their best to cope and overcome
obstacles that the pandemic continues to bring to communities
across Australia.
In this edition of Momentum, we highlight members and partners who are
seeing positives through these difficult times and even some of the benefits
of the changing environment around them. We share resources for those who
may have lost work or their job during the pandemic and ways to get back
on track.
Plus, we give tips on pandemic budgeting and chat to MTAA Super employer
Peter Kittle Motor Company about their support of local communities and
vital Indigenous programs despite facing tough challenges themselves.
I hope this edition inspires you to think positively – we will come through the
challenges and the lessons learned will benefit us into the future.
Onward and upward!
Enjoy. As COVID-19 continues to devastate
communities and businesses, it can be
Leeanne Turner, CEO
difficult to think positively about the future.
But as we continue to tackle the challenges, we are also discovering
tremendous determination, passion, and resilience that continues
to amaze.
Some of these remarkable traits are on full display from our
members and community partners who are doing their best to cope
and overcome obstacles that the pandemic continues to bring
to communities across Australia.
In this edition of Momentum, we highlight members and partners
who are seeing positives through these difficult times and even
some of the benefits of the changing environment around them.
We share resources for those who may have lost work or their job
during the pandemic and ways to get back on track.
Plus, we give tips on pandemic budgeting and chat to MTAA Super
employer Peter Kittle Motor Company about their support of
local communities and vital Indigenous programs despite facing
tough challenges themselves.
ssential to achievement
I hope this edition inspires you to think positively – we will come
through the challenges and the lessons learned will benefit us
into the future.
ndation of courage
Onward and upward!
Enjoy.
Leeanne Turner, CEO
mtaasuper.com.au 1
Employer Profile
When the good
times return
How community spirit
is driving optimism for
dealership group
While many businesses look to consolidate Despite the challenges that
COVID-19 has presented,
or find new opportunities in the market, the Peter Kittle Motor Company
others are doubling down on what makes continues to provide support
to foundations and charities
them unique in the marketplace. For the including the Spastic Centres
Peter Kittle Motor Company, that has always of South Australia (SCOSA),
Novita and Royal Flying Doctors
been the community. For more than 30 years, Service – Central Operations.
the dealership group has been a strong
supporter of the local communities they serve.
2
Momentum
We recently chatted with the When you operate from dealerships Our company is also 50 per cent
Group General Manager of the located in remote Australia our owned by Indigenous people.
Peter Kittle Motor Company Group, customers are our friends and Our profits are directed towards
Tom Kelly, a 3rd generation car neighbours or a friend or neighbour the Centrecorp Foundation.
Spring 2020
dealer who has been with Peter of our customers. The Centrecorp Foundation
Kittle Motor Company for 21 years provides benevolent relief to young
about striving for further growth So, you always want to look Aboriginal people whose aspirations
in uncertain times and why giving after them, treat every customer and capabilities are constrained by
back to the community is part of interaction with respect just as if disadvantaged circumstances.
their DNA. you were the customer yourself.
If you support the community, It also enhances the capacities of
the community will support you, Aboriginal people to participate
Tell us about that's what we believe. fully in vocational, professional,
your business? commercial, cultural, and social life.
The Kittle name in the automotive What kind of Centrecorp Foundation currently
funds over 150 Aboriginal students
industry started in the 1940s when community work is the to attend private schools.
Len Kittle (Peter Kittle’s father)
returned from the Second World
company involved in?
War and became the General Motors If you don't support the community, How have you
dealer for the Northern Territory. you don't earn the respect of weathered the
There onwards the Kittle name the community. We've always
has always been involved in cars. supported the community where
COVID-19 storm?
Peter worked his way through we can. We have big corporate We are weathering the storm.
his father's company and in sponsorships such as the The storm still has a long way to go.
1988 established the Peter Kittle Royal Flying Doctor Service – Through our CEO Andrew Kittle
Motor Company and became Central Operations. We also support we have introduced a number
the Toyota dealer, along with organisations like the Spastic of strategies and reshaped the
other franchises, in Alice Springs, Centres of South Australia (SCOSA), business model. We recognised that
Tennant Creek and Katherine. Novita, the Children’s Ward at the with a reduction in new vehicle sales
Alice Springs Hospital along with throughout Australia our business
It's a long history, and I think the footy teams, associations, hockey, model needed to change.
DNA in our business reflects that we and soccer – you name it, we try and
are an active part of the community help where we can. With the ongoing communication
where our dealerships operate. and support from our major
business partner, Toyota,
strategies have been introduced to
ensure the Toyota Network is strong
on the other side of COVID-19.
I think you've got to look at the
big picture, it's like a drought,
it will end, and when you have a
strong team of people working
for you, you want to make sure
that the team remains focused,
even through the hard times for
when the good times return again.
And, at the same time, you do have
to keep supporting the community
where you can. With our origins
being from remote Australia our core
DNA for our business is that you've
just got to continue to support
your community organisations and
people where you can.
mtaasuper.com.au 3
Employer Profile
What do you see in the Manufacturers are getting more
involved with click and collect,
future for Peter Kittle so you've got the ability with
Motor Company? a number of manufacturers to
go online, build a car, make an offer
Growth, definitely growth. This is
to purchase that car and then you
another Peter Kittle Motor Company
get directed to a dealership to buy
Big Rock. Our model, we believe,
the car from. That said, people still
is to make every transaction easy,
want to touch and feel and feel
enjoyable, and professional and to
confident they are dealing with a
keep attracting good employees.
good company when they invest a
The journey of growth is over a long
large amount of money.
period and over this journey there
will be short-term challenges we will
| Group General Manager of the Peter Kittle need to address. With our strong What’s the last
Motor Company Group, Tom Kelly
leadership and champion team of biggest challenge
employees we will enjoy this journey
and achieve growth. You've got to
for the business?
be optimistic about things, and as I suppose the last big challenge
Peter Kittle Monty Python says, "always look on we had was the GFC. That said,
the bright side of life!" our business partners kept
Motor Company communication open and honest
at a glance: It's challenging out there, but there and assisted where possible.
are some positives and good news For example, Toyota sat down
stories as well. At the Peter Kittle with the Toyota Dealer network
31 years Motor Company we concentrate our
resources on things/challenges we
and asked "okay, how do we best
in operation manage through this period of time?"
can do something about. Things we Toyota are doing the same now
can influence, like generating through the COVID-19 pandemic.
320 opportunities and creating growth.
That’s what Andrew Kittle is doing.
employees What does super
What are some of the mean for you and
Dealerships major changes you’ve your employees and
in South Australia, seen in the industry in how does MTAA Super
Northern Territory your time in operation? support your
and Victoria
We're seeing a lot more online
workplace?
activity by the manufacturers as Super means security for our
Company is they encourage a lot of people to employees for when they retire
after a career with us at Peter Kittle
50% owned
research and review vehicles online
before making purchase decisions. Motor Company. Ability to access
by Indigenous people That's all well and good, although we insurance which offers protection to
still believe customers want to have our employees’ families wellbeing is
an interaction with a dealership also important.
Strong and they want to have a trusting
MTAA Super has always been easy
community
relationship with someone.
to communicate with. They are
ties Buying a car is your second biggest accessible and provide quality
investment and people still want to insurance products. But when it
with Royal Flying be able to have a professional and comes down to it, MTAA Super
Doctor’s Service – trusting relationship when they do provide security. I think we can all
buy a vehicle. Someone to talk to work very hard and have a career,
Central Operations
and know they are there to assist but in the background, you just need
whenever assistance is required. to know that there's a safe exit plan
for when you do retire and that's
what MTAA Super provides.
4
Work/Life Matters
Momentum
Mental health in the
face of losing your job
Spring 2020
State government
support programs
Depending on where you live, states
and territories have various support
programs and resources to help
those who have lost a job or income
from COVID-19.
These include financial support
programs, rent and mortgage
support, job search support,
budgeting and debt assistance
and more.
For details go to australia.gov.au
and look under State and Territory
With unemployment Beyond Blue Government information.
rates at their highest Beyond Blue has a great
in more than 20 years, resource for those who have lost Volunteering to
Australians are facing work in the past eight months on keep you active
how to improve a mindset and
tough times. maintain a positive outlook.
Volunteering can be a good way
to make connections, stay in touch
For details go to with people and give you a sense of
The stresses and anxieties that coronavirus.beyondblue.org.au. purpose while you wait to hear back
come from finding a new job can be from employers or slot in gaps in
emotionally taxing, particularly taking your resume.
on young people, who are expected
to be hit the hardest. R U OK? Along with a renewed sense
of purpose, you can also build new
R U OK? have created new handy
To assist, here are some useful relationships, networks, and meet
advice fact sheets for those
resources to help you come to terms others who may also be in the
wanting to talk with friends and
with a lost job or income. same position.
family about their mental health
such as the Mateship Manual Volunteering in a field you are
Help for you and and how to ask if someone is ok. already passionate about might
your mates Check them out at ruok.org.au.
also lead to a rewarding side-gig.
Mental health is critical in If that doesn’t convince you,
uncertain times. volunteering is also a proven way to
alleviate stress and depression while
While the situation and outlook Lifeline
also leaving you with a greater sense
are grim for a lot of people,
Lifeline also has dedicated of well-being.
organisations, governments,
resources about ways to cope,
and communities are here to
helping children during the crisis,
support you in times of need.
and information on supporting
each other during isolation.
Go to lifeline.org.au.
mtaasuper.com.au 5
Special Feature — Silver Linings Playbook
Silver
linings
playbook
6
Momentum
Spring 2020
COVID
-
edition19
While the challenges and tragedy of the Those forced to work closer to
home are also rediscovering their
pandemic can’t be ignored or minimised, local cafes and shops, parklands,
staying positive during difficult times is a proven and nature reserves.
way to help deal with stress, build resilience, Slowing down has given us a chance
to take a breath and take a closer
and flourish under adversity. look at the hidden gems closer
to home.
With positivity having such a big Gone is the daily commute, back
effect on our lives, we look at some to back meetings, lunch on the run,
of the silver linings to come out of and the mad dash between weekend A time to reconnect
these pandemic times. sports activities with the kids. More time at home means more
time with loved ones.
For some, this has signalled a return
A chance to slow down to basics and a chance to discover or For working parents, this means
As cities and communities’ cycle rediscover hobbies and pastimes we more time to share meals,
through various stages of lockdown, don’t usually have time for. play games, help with homework,
many of us have been forced to and generally be more hands‑on
abandon hectic schedules and to Bread making, crafting, gardening,
with day to day routines.
settle into new, slower routines. and home improvement projects
have provided a much-needed
distraction from social isolation,
not to mention improving our mental
and physical wellbeing.
mtaasuper.com.au 7
Special Feature — Silver Linings Playbook
A recent report by US lifestyle A better sense Ironically, the need to stay apart has
company Life360 found that proven how vital it is to stay together
33 per cent of families believe their of solidarity — a lesson that will hopefully
parent/child relationships have At heart, humans are social be carried on when we return
improved throughout the pandemic. creatures. We need to connect with to “normal”.
Only six per cent believe it others to feel a sense of wellbeing
has worsened. and purpose. A breather for
For families without children, the It’s a big reason people are getting mother earth
pandemic has been a chance to see creative to stay connected and to With entire regions shut down,
their partner in a new light, with many show support for one another. a drastic drop in industrial
couples confessing that seeing their
production, and reduced air and
significant other in “work mode” has Dinner parties, birthday parties,
road traffic, 2020 has seen bouts
given them a greater understanding catchups and trivia nights
of unprecedented improvement
and appreciation of the challenges have gone online. As too have
in air and water quality.
they face daily. fitness initiatives, charity drives
and social clubs. Earlier this year, there were
These little insights can help
significant drops in air pollution over
bring people closer to overcome In cities across Italy, Spain, France,
China and northern Italy as well as
adversity together. India, and Germany, people stuck
urban regions of the UK, Germany,
in quarantine have taken to their
and the Netherlands.
balconies to sing, dance and make
music together.
8Momentum
Spring 2020
In March, fish could be seen In 2019, FlexJobs’s annual Digital recruitment, telehealth,
swimming in the uncharacteristically survey found that 65 per cent of meeting and collaboration
crystal-clear canals in Venice. professionals believed they would be software, digital payment
more productive working remotely solutions, remote learning,
In April, the snow-capped Himalayas than at the office. Almost half said online entertainment, and
were visible from northern India they already go home when they cybersecurity providers have all
(about 200kms away) for the first need to get serious work done. experienced rapid growth.
time in 30 years.
Working from home usually Since the pandemic started,
While these improvements may means fewer interruptions, participants in Zoom meetings
be temporary, it gives us a chance to fewer distractions, less office have increased from about
reflect on how we can collectively politics, quieter workspaces, 10 million per day to around
take action to tackle the immense and less unnecessary meetings. 300 million per day.
challenge of climate change
going forward. It can also improve mental and Netflix has added an estimated
physical health and can lead to 25 million customers.
The rise of flexible savings on public transport, fuel,
Apart from helping to stabilise
parking, tolls, and even insurance.
work arrangements otherwise erratic share markets,
this tech boom also has a positive
The pandemic has led to an increase A boom for tech-based knock-on effect for end-users.
in flexible working arrangements and
new approaches to communication
businesses
Many tech providers are offering
and collaboration. While many industries have suffered free or extended access to
under restrictions, our increased online services to better support
While giving employees access to reliance on digital solutions businesses and individuals
the tools they need to work from to connect, work and play has throughout the crisis.
home has been challenging for opened fresh opportunities for
some businesses, many are starting tech‑based businesses. For some this may mean a few extra
to see the benefits. months of free binge‑worthy TV.
For others, it may provide the
Not that this should be surprising.
tools needed to keep their
businesses afloat.
References: Why pollution is plummeting in some cities — but not others, Nature. How The COVID-19 Pandemic Is Fast-Tracking Digital Transformation In Companies, Forbes.
The Benefits of Working From Home: Why The Pandemic Isn’t the Only Reason to Work Remotely, FlexJobs. They've wanted a dog for years. Lockdown has finally made it
happen, The Sydney Morning Herald. Zoom Surpasses 300M Daily Meeting Participants, Announces Zoom 5.0 with AES 256-Bit GCM Encryption, Zoom. Netflix adds another
whopping 10 million subscribers, but warns growth may slow, The Verge.
mtaasuper.com.au 9Merger Update
Growing together
MTAA Super and
Tasplan merger update
We are well on track for our merger with
Tasplan on 1 April 2021. Apart from providing
greater efficiencies, improved products
and services, and increased capability,
this exciting merger will put us in a
strong position for continued growth and
competitiveness. This means more value
for your super well into the future.
New era, new name We’ve also been
After the merger process, we will be listening to you!
taking on a new trading name and In July we hosted four online
brand identity to better represent our member-exclusive brand focus
diverse member and employer base. groups to give you the chance to
Our legal name will remain the same. provide direct feedback about
our new brand ideas. This was the
Leaving the MTAA Super name
perfect way for us to take our ideas
behind after 30 years will be
for a test run, while also receiving
bittersweet, but we are excited about
valuable insight into your aspirations
the road ahead.
and expectations for the fund.
A new name represents more
Your feedback has been vital in
than a new beginning. It shows a
helping us shape our vision for
renewed commitment to providing
the future.
service excellence and quality
retirement outcomes. We have no doubt we can deliver a
brand name and identity you can be
It is also the perfect opportunity for
proud of.
us to update our digital interfaces,
product guides, fact sheets, tools, At this stage, we plan to release
and resources, to help you access details about our new name and
and manage your super easier brand identity in early 2021.
than ever.
A full brand rollout will happen
Over the last few months, we have upon completion of the merger
consulted closely with brand on 1 April 2021.
experts to develop a new identity
that represents and champions
the goals, vision, and values of
our ever‑expanding membership
across the nation.
10Momentum
Changes to You will also be required to Details of these changes will be
re‑register for online access to provided as they occur, and we will
member accounts your accounts as we switch to a be available throughout to assist
We’ve worked hard to minimise the new administration system. you with this change.
Spring 2020
impact of the merger process on
While this may cause some To keep up to date, be sure to
accounts, but there will be some
short-term inconvenience, we are update your contact details
changes as we consolidate systems.
confident that these changes will on Member SuperSite at
Before 1 April 2021, all MTAA Super make it easier and simpler for you to mtaasuper.com.au/member-login.
members will be issued with a new manage your super in the long run.
member number and BPAY details to Changes to
make personal contributions.
employer accounts
As part of the merger, we will be
moving our employer accounts
to a new administration and
payments system. This will mean
changes to how we receive your
super payments.
Before 1 April 2021, employers
currently making payments via
the MTAA Super clearing house
(Quick Super) will need to register for
access to a new payments system.
Employers making payments via
Employer SuperSite (ESS) will
also need to register for the new
payments system or will need
to make payments through an
alternative system.
Employer SuperSite is set to close
on 1 January 2021.
We will contact all employers
in the coming months to let you
know your options and what action
is needed.
In the meantime, payments will
continue as usual.
Keep up to date
We will be posting regular merger
updates to our website. If any
changes affect your account, we will
be in touch directly to let you know
your options and what you need
to do.
You can also keep up to date
by regularly on our website at
mtaasuper.com.au/news.
mtaasuper.com.au 11About you
COVID-19 impact
helping people become
more money-aware
As COVID-19 continues to affect our daily lives,
Australians are becoming more aware of their
spending habits and more motivated to have
meaningful conversations about money.
In June 2020, ME Bank found that 2. JobSeeker payment 5. Sell some stuff
more than 50 per cent of Australians
If your employer is forced According to Gumtree’s latest
are talking about money more
to close, you may be able to claim Second Hand Economy Report3,
than they used to. Seven out of ten
JobSeeker payments. It’s worth up Australians can pocket around
Australians say this is because of the
to $790.10 per fortnight1 depending $5,300 just by selling their unwanted
economic impact of COVID-19.
on your situation, and you could household items. That makes it
Around a quarter also said they also be eligible for the Coronavirus worth clearing out the cupboards to
feel the need to improve their Supplement of $550 per fortnight2. see what you could offload.
financial knowledge, suggesting Check out the Services Australia
the pandemic has motivated website for the latest information Free resources to
us to become more aware of at servicesaustralia.gov.au.
personal finances.
manage money
If you’re an employer who
We could all use a little extra help
needs more details on the
The benefits of talk JobKeeper Payment, check out the
when it comes to making the most
of our money.
More than half (52 per cent) of Australian Government’s Business
Australians surveyed said they have website at business.gov.au. With more people on the lookout
reduced household spending to for simple but effective money tips,
improve their financial situation 3. Help with your home loan ME Bank recently launched a special
during COVID-19. One in three have COVID-19 online learning module as
also set up a budget. Several lenders are offering support part of its free Ed School of Money.
to home loan customers who may be
Having control of your cash, struggling to afford their repayments. It is designed especially for those
and being able to access Consult your bank for more details who have had their finances
emergency savings, can make it – their website is a good first point negatively impacted by COVID-19,
easier to handle a crisis. of call. It’s best to act early. and it covers useful topics like
budgeting and managing expenses.
Here are five ways you can continue It only takes 15 minutes to complete
to achieve money-saving goals in
4. Join the gig economy
and could be the key to get you back
tough times. Keep your cash flow ticking over on top of money matters.
by exploring opportunities in the
gig economy. Make, craft, or write To get started, head to
1. Explore new job options
your way to extra income. mebank.com.au/financialwellness.
Not every business has shut
Members Equity Bank Limited ABN 56 070 887 679
its doors. For example, the big Just think about what you’re good at AFSL and Australian Credit Licence 229500.
supermarket chains are busier and take it from there. References: 1 servicesaustralia.gov.au/individuals/
services/centrelink/jobseeker-payment/how-much-
than ever and might be hiring. you-can-get, 2 servicesaustralia.gov.au/individuals/
news/more-financial-support-people-affected-
It’s a good idea to check online coronavirus, 3 gumtree.com.au/second-hand-economy-
report/
job boards regularly.
12Essential Information About Your Super
Momentum
The Government’s
economic response
Spring 2020
to COVID-19
The Australian Government has made several
changes to super as part of its economic response
to the COVID-19 pandemic. A summary of these
changes is below:
Temporary changes to early Reduced deeming rates
access rules From 1 May 2020, the upper and lower social security
The Australian Government is temporarily allowing deeming rates were reduced by 0.25 percentage points,
people financially affected by COVID-19 to apply giving those on the Age Pension around $105 extra
to access up to $10,000 of their super before (on average) in the first full year that the reduced
31 December 2020. Eligible applicants were also able rates apply.
to apply to access up to $10,000 before 30 June 2020.
Support for businesses
Temporary reduction in minimum The Australian Government has announced several
drawdown rates initiatives to help businesses manage cash flow
challenges and retain employees throughout
The Australian Government has temporarily reduced the pandemic. It’s also offering temporary relief for
the required drawdown rates from super pensions by businesses in financial distress. For details go to
50 per cent for the 2019-20 and 2020-21 financial years. treasury.gov.au/coronavirus/businesses
This reduction allows you to reduce the amount of
money they are getting out of your pension each
pay period, giving you the ability to preserve capital More information
in your account while still drawing an income.
For more details about these changes, go to
mtaasuper.com.au/coronavirus or call us on 1300 362 415
mtaasuper.com.au 13Investing
Keeping the
Australian
economy moving
A profile of
Flinders Ports Holdings
We have a long and proud history of investing
in Australia’s roads, ports, and airports to keep
our economy — and our members — moving.
Here we take a closer look at one Flinders Ports also owns
of our largest unlisted assets, Flinders Logistics, an innovative
South Australia-based port and logistics company and stevedore, Flinders Ports:
logistics provider, Flinders Ports and Flinders Adelaide the numbers
Holdings (Flinders Ports). Container Terminal, the only
container terminal facility in 7 ports
About Flinders Ports South Australia.
Flinders Ports is a privately In September 2019, Flinders Ports 1,932 vessel calls
owned port and logistics services was ranked number seven in the in 2019
group based in Port Adelaide, South Australian Business Index of
South Australia. top 100 companies, with an annual
21 million tonnes of
turnover of more than $200 million.
As South Australia’s leading cargo in 2019
port operator, the company provides
services across all aspects of the
What is MTAA Super’s
326,933 twenty‑foot
port logistics chain including stake in Flinders Ports? equivalent unit
port infrastructure, stevedoring, We own approximately 20% of
and logistics services through
containers in 2019
Flinders Ports, which operates
its seven South Australian ports. under a 99-year lease arrangement.
Together these ports handle a That lease is set to expire in 2100.
1000+ direct and
variety of inbound and outbound indirect jobs in
cargoes including grains and South Australia
seeds, motor vehicles, agricultural
commodities, iron ore and
general cargo.
14Momentum
Market Snapshot
Why we invest in This is equivalent to 94% of
Market
South Australia’s international
Flinders Ports trade and 24% of the state’s Update for the
Gross State Product.
To grow and protect your super,
financial year
Spring 2020
we invest in a diverse array of listed
and unlisted assets.
As one of the largest private-sector
employers in South Australia,
2019-20
Unlisted assets such as Flinders the company contributes directly
Ports provide us access to stable to the prosperity of Adelaide and
and long-term income streams, several regional communities across After a positive finish to
while also buffering us from the state, and indirectly to a range of the 2019 calendar year, the
short‑term share market fluctuations. downstream businesses. COVID-19 pandemic has
We can also benefit from long-term had a devastating effect
By investing in and supporting on global markets and
growth in the value of the asset.
companies that keep local economies, ending the
Investing in critical infrastructure businesses and the Australian strong run of positive
assets, such as ports, means we are economy moving, we are helping returns over recent years.
playing a key role in ensuring the create a society that can provide
continued economic growth and opportunities and support to our For the twelve months
prosperity of our nation. members throughout their working to 30 June 2020,
lives and beyond. our My AutoSuper
Flinders Ports facilitates the (Balanced) investment
movements of approximately For more details about Flinders Ports, option posted a return
$25 billion of trade per year. check out the company’s website at of -0.94% p.a. and our
flindersportholdings.com.au Pension Balanced
investment option posted
a return of -1.18% p.a.
Importantly, SuperRatings
has our My AutoSuper
(Balanced) option earning
risk-adjusted returns
of 8.0%* over 7 years,
putting us in the top ten
for Australian funds in
this category.
This means we have been
able to deliver strong
long-term returns within an
acceptable level of risk.
Investment returns were
marginally positive for
world equity markets,
delivering returns of 2.11%
(not including dividends.)
Domestically, the local
equity market lagged and
delivered a return of -10.8%
(not including dividends).
With heightened
instability now the norm
for share markets, we take
a cautious view of the next
12 months.
* Source: SuperRatings. Returns to end
June 2020. Risk and return ranking based
on Sharpe ratio.
mtaasuper.com.au 15Community Engagement
Adapting
for a good
cause
Like many Australian businesses
and households, not-for-profit organisations
and charities are also facing difficult
challenges under COVID-19.
Here we look at how our community Road Safety Education
partners are innovating during
the time of COVID-19 to continue — RYDA 5.0 at a Social Distance
connecting with and supporting In March 2020, Road Safety Quizzes, and homeroom
our communities. Education Limited (RSE) was on challenges that were distributed
the cusp of rolling out the latest through schools.
iteration of their flagship road
safety education — RYDA 5.0. Apart from helping
However, as the COVID-19 pandemic students to learn important
took hold and schools and educators road safety concepts,
were forced to embrace new each resource was
teaching styles, it was clear the
program needed to be more flexible. designed to help build
valuable resilience and life
To protect their community,
RSE suspended face-to-face
skills in uncertain times.
workshops and began focusing As restrictions start to ease across
on creating bespoke classroom some parts of the country, RSE is
and distance learning resources now offering flexible programs to
to ensure road safety remained allow face-to-face engagement
priority learning. where possible, while still providing
extra resources for educators and
Dubbed “RYDA 5.0 at a
students still stuck in lockdown.
Social Distance”, the program
introduced new and exciting For more details about RYDA 5.0
student and educator support go to rse.org.au/about-ryda.
resources including online
boredom busters, Kahoot!
16Momentum
Spring 2020
Mother’s Day Classic
— together apart
With communities unable to This included access to exclusive MTAA Super has always
host large gatherings, this year’s wellness tips, yoga classes, sponsor been a big supporter of
Mother’s Day Classic fun run and prizes and giveaways, and a kid’s the Mother’s Day Classic,
walk was held virtually, with tens of activity zone. providing volunteers, teams,
thousands of Australians getting and committee support to help
involved from their living rooms, The Mother’s Day Classic also the event grow. We are also the
local parks, and garages. teamed up with Vision Australia proud official partner of the
Radio to broadcast a live radio show Canberra event.
To help participants feel connected on Mother’s Day. This gave them
and to encourage them to stay the chance to share inspirational This year our MTAA Super Stars
healthy and active during lockdown, stories and insights from researchers, team of staff, friends, and family from
all 2020 participants were given ambassadors, partners, event hosts all around the country raised over
access to the Mother’s Day Classic and participants. $2,500 for the cause.
virtual community.
Even apart, the Mother’s Day Classic
has once again shown that we can
do great things together.
Apart from raising life-saving funds for breast cancer research,
the Mother’s Day Classic has become an important way to remember
loved ones and celebrate survivors. Cancellation was never an option.
mtaasuper.com.au 17Community Engagement
R U OK?
— #StayConnected
After a summer of devastating “Many might be feeling To help #StayConnected, R U OK?
bushfires followed by the disconnected from day‑to‑day life, suggests the following three
pressures and uncertainty of have new financial and employment simple steps:
a global pandemic, mental pressures, added family stressors,
health has become even more be physically unwell, or experiencing • Create a list — think about
important in 2020. heightened levels of anxiety.” who in your world who might
be struggling.
With many unable to physically To maintain our • Dedicate the time — make
connect with friends, family, ‘time to ask’ as part of your
or work colleagues, Australia’s most connections, R U OK? is
daily routine.
recognisable suicide prevention encouraging us to make • Choose your channel —
charity R U OK?, is encouraging #StayConnected part of communicate in a way that works
everyone to #StayConnected in
any way they can. our daily lives. for you both. Make a phone call,
send an SMS, video call, or email.
“Some people find change “Think about who in your world
might be struggling and make a For more details about how to ask
pretty scary,” said R U OK? CEO,
plan to reach out to them and ask, “Are you ok?”, visit ruok.org.au.
Katherine Newton.
‘Are you okay?’,” said Ms Newton.
“That question and a conversation
has the power to change someone’s
life for the better.”
18Momentum
Australian Prostate
Centre (APC)
Spring 2020
With COVID-19 dominating
the news, it can be easy to forget
that many people are battling
other serious diseases, such as
prostate cancer.
Nestled in the heart of Melbourne,
the Australian Prostate Centre
is a medical facility like no other,
uniting research, education,
treatment, and support in a one
of a kind, world-class complex.
Despite being caught up in
Melbourne’s Stage 4 restrictions,
the APC is committed to seeing all
patients either at the Centre or via
Telehealth services.
Big Super Day Out They remind all Melbourne
residents that travel restrictions
— Indigenous super help online do not apply for people accessing
Since 2015, the First Nations a future‑focused solution to medical services, including allied
Foundation’s annual Big Super Day super help that has been being health services such as
Out has taken super support to more designed by Aboriginal people for physiotherapists and psychologists.
than 1600 people across 21 urban, Aboriginal people.
regional, and remote Indigenous “It’s important that people
communities in most Australian The website includes interactive
educational content that speaks
continue to see their
states and territories.
both broadly about the purpose and doctors during this time,”
The goal is simple: to empower benefits of super, as well as specific said Mark Harrison, CEO.
communities by reuniting challenges that the community
Indigenous Australians with has raised, such as identification,
“It’s also important they
their superannuation. claims and access to clear and continue to manage
culturally relevant support. their health and to
Unfortunately, due to health and
safety concerns for supporters and MTAA Super has recently signed on access support.”
communities alike, the Big Super as an Impact Partner for the website
Currently, the APC has COVID-19
Day Out for 2020 was cancelled. and is proud to be continuing to
hygiene and screening measures in
help Indigenous communities
But that doesn’t mean the place to minimise risks to patients
better engage with and benefit from
First Nations Foundation is taking and workers.
their super.
a year off too.
For details about accessing
For details go to
To continue connecting APC services during the pandemic,
indigenoussuper.com.au.
Indigenous Australians with call (03) 8373 7600 or go to
their super, they have launched australianprostatecentre.org.au.
Indigenoussuper.com.au,
mtaasuper.com.au 19Money on Your Mind
Your
questions
answered
Josh from Dubbo asks:
Q: I’m thinking about accessing some of my super early
to help pay bills. What do I need to know?
Hi Josh, thanks for getting The benefits of Potential risks of
in touch. The Government’s
COVID-19 Early Release of the scheme accessing super early
Super scheme was introduced While super is designed to While the ability to access super
to support Australians through help people save for retirement, early can provide important financial
tough times — particularly the Government has recognised that, assistance, there are a few things to
those who have become for those significantly financially consider before proceeding.
unemployed or have experienced affected by COVID-19,
reduced hours because of accessing some super now may 1. Withdrawing super early
the COVID-19 pandemic. outweigh the benefits of maintaining
may mean less money
those savings until retirement.
Under the scheme, eligible in retirement
individuals can apply to access If you are in severe financial hardship
Withdrawing super early can have
up to $10,000 from their super for and have no other options for
a big impact on your retirement
the 2020-21 financial year before financial assistance, accessing
savings in the long run.
31 December 2020. some of your super now may be
a good option to see you through This can add up to a lot less super
tough times. when it comes time to retire.
Any benefits paid under the Super Consumers Australia put
scheme are tax-free and do not out some stats about this in
affect Centrelink or Veterans’ April that might be worth a look.
Affairs payments. You also do You can find the figures at
not need to pay any tax on these superconsumers.com.au.
benefits should you return to
full-time work later.
20Momentum
2. It can impact your 5. Know all your financial
insurance cover assistance options
Many Australians have default Before you dip into your super,
Spring 2020
life and total and permanent you should consider all your financial
disablement insurance through assistance options to make sure you
their super. Many also have income are choosing a solution that best fits
protection cover too. your financial needs.
If you withdraw all your super or Currently, there are several financial
reduce your balance to the point assistance options available
you can no longer pay monthly to individuals, such as income and
insurance fees, you may lose any household support payments.
insurance attached to your account.
Business owners can access Enter for
This could leave you without an programs such as JobKeeper
important financial safety net if you and the SME Guarantee your chance
can’t work due to sickness or injury. Scheme, which offers small and
medium‑sized businesses with to win a $100
3. Make sure you are capital loans.
eligible before you apply to See the Treasury website
Visa gift card
avoid penalties for more details at
treasury.gov.au/coronavirus. Enter the draw for your
If you decide to access super early, chance to win one of five
it’s important to make sure you $100 Visa gift cards by
meet the ATO’s eligibility criteria 6. Get advice updating or confirming
before proceeding. your details.
Regardless of how and when you
The ATO has warned that it will take access your super, you should always
action against any individual who get advice first. Enter via the website
deliberately exploits the system to If you are registered for
For advice about your super,
access super they are not entitled to.
fill out our Request a Callback form Member SuperSite or
If you provide false or misleading and one of our Super Advisers ePension:
information you could face penalties will be in touch. We offer this
service at no additional cost. • Log in to Member
of more than $12,000 for each false SuperSite or ePension
and misleading statement. Go to mtaasuper.com.au/request-
call-back. • Update your details
Full eligibility guidelines are on the • That’s it, you’re in the draw!
ATO website at ato.gov.au. Keep up to date with
Not registered for
If you are not sure if you are eligible scheme changes
online access?
or are concerned you applied when As with most things COVID-19
you were not eligible, contact the • Register now at
related, the conditions around the
ATO on 13 10 20. mtaasuper.com.au/login-
COVID-19 Early Release of Super
or-register
scheme are subject to change.
4. Don’t access super early • After you have registered
Keep up to date via the ATO website follow the steps above to
as a tax dodge
at ato.gov.au. enter the competition
The ATO is also cracking down on This information provided is of a general nature and
taxpayers using the system to avoid does not take into account your specific financial Enter via phone
needs or personal situation. You should assess your
paying personal income tax at the financial position and personal objectives before • Call us directly on
making any decision based on this information. We also
marginal rate. recommend that you seek professional advice from a 1300 362 415 and either
licensed financial adviser.
update or confirm your
If the ATO determines you have
details over the phone.
deliberately exploited the system
to avoid paying tax, you may need Entries open on 31/08/2020 and close
to pay administrative penalties and at 5pm AEDST on 28/2/2021. Terms and
conditions apply. Open to AU residents who
interest in addition to tax on the are MTAA Super members. Only one entry is
permitted per person.
early release of super.
mtaasuper.com.au 21Change lanes
to MTAA Super
Get retirement You’ve worked hard to get to where you are. And just like your career,
it’s going to take planning to make the most of your retirement.
ready with
a strategy MTAA Super offers low-fee retirement options that can help you
ease into retirement or say goodbye to work for good. Speak to us
tailored to you. about a personalised retirement strategy.
Change lanes and explore our low-fee retirement options today.
1300 362 415
MA 1488.9 10/20 ISS1
mtaasuper.com.au/retirement-ready
MTAA Super is issued by Motor Trades Association of Australia Superannuation Fund Pty Ltd (ABN 14 008 650 628, AFSL 238718), Trustee of the MTAA Superannuation Fund (ABN 74 559 365
913). Motor Trades Association of Australia Superannuation Fund Pty. Limited has ownership interests in Industry Super Holdings Pty Ltd and Members Equity Bank Limited. The information
provided is of a general nature and does not take into account your specific needs or personal situation. You should assess your financial position and personal objectives before making any
decision based on this information. We also recommend that you seek advice from a licensed financial adviser. You should consider the Product Disclosure Statement (PDS) for MTAA Super
in deciding whether MTAA Super is appropriate for you. The PDS can be obtained by calling MTAA Super on 1300 362 415 or visiting mtaasuper.com.au/handbooksYou can also read
