Annual Members' Meeting
2024 Annual Members' Meeting
Our 2024 Annual Members’ Meeting (AMM) was held online on Wednesday 27 November 2024. The minutes of the AMM, including responses to questions submitted before and during the event, and a video recording of the AMM, are available at the bottom of this page under 2024 Annual Members’ Meeting.
Agenda
4.30pmWelcome — Dr Geoff Newcombe AM (Chair)
4.40pmFund update — Natalie Previtera (Chief Executive Officer) Ben Facer (Deputy CEO/Chief Strategy Officer)
5.00pmInvestment update — Ben Squires (Chief Investment Officer)
5.15pmMember questions
6.00pmClose
Further information
Superannuation law requires us to provide you with the following information.
Short-form expenditure summary relating to the Fund for 2023-24
| Expense category | Amount ($) |
|---|---|
| Aggregate remuneration expenditure* | 4,508,420 |
| Aggregate promotion, marketing or sponsorship expenditure* | 4,177,441 |
| Aggregate political donations | Nil |
| Aggregate industrial body payments* | 197,224 |
| Aggregate related party payments* | 2,644,736 |
*An expense that meets the definitions of more than one category is included in each applicable category.
Explanations for the short-form expenditure summary for the 2023-24 financial year
Aggregate remuneration expenditure – remuneration for NGS Super’s directors and executive team.
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 – includes any payments made to entities connected to NGS Super, or where the key management personnel of an entity includes a director or executive officer of NGS Super. Related parties include NGS Financial Planning Pty Limited, Independent Education Union and Association of Independent Schools.
Detailed payments
Promotional payments and sponsorships
Industrial body payments
Related party payments
Other information available to you
- a summary of significant events or material changes over the past two financial years
- our 2023-24 Financial Report including financial statements, directors’ report, auditor’s report and key management personnel remuneration report
- our 2023-24 Annual Report download here
- 2023-24 Supplementary Annual Report for PEGS Defined Benefit Plan download here
- 2023-24 Supplementary Annual Report for Cuesuper Defined Benefit Plan download here
- 2023-24 Supplementary Annual Report for CCSSP Defined Benefit Plan download here
- our most recent (2023) Member Outcomes Assessment
- key management personnel including qualifications, experience, and attendance at Board meetings
- outsourced service providers
Your 2023-24 Annual Statement (Accumulation, Transition to Retirement and Income account members) is available in Member Online.
2023-24 Annual Statement for Defined Benefit members will be available in Member Online shortly. Your 2022-23 Annual statement is available in Member Online.
2024 Annual Members' Meeting
We live-streamed the 2024 NGS Super Annual Members' Meeting (AMM) from Sydney on Wednesday 27 November 2024, 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.
