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Our  
remuneration 
policy

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Hostplus is run to benefit our members, and does not pay dividends to shareholders or sales commissions to financial planners. Our focus is on providing our members with the best-quality superannuation services at competitive prices.

As such, our remuneration policy is designed to encourage superior performance and long-term commitment to Hostplus from all staff, with our objective being to remunerate fairly and equitably so we can provide a quality service to our members. 

Our remuneration policy is also informed by our guiding principles and philosophy and applies to directors, officers and all Hostplus employees.

If there’s something you can’t find here, don’t hesitate to call us on 1300 467 875. We’re available to assist with any enquiries Monday to Friday, 8am - 8pm AEST/AEDT. 

Our position on remuneration

Our remuneration policy is designed to encourage superior performance from our staff.

Simplicity. Consistency. Equality. Fairness. Alignment with values. Appropriate risk behaviour. Transparency. 

We believe remuneration should:

  • facilitate the delivery of superior long-term results for the business
  • promote sound risk management principles
  • support the corporate values and desired culture
  • attract, retain, motivate and align the talent we need to achieve our business goals
  • reinforce leadership, accountability, teamwork and innovation
  • align with the contribution and performance of the business, teams and individuals.

Our remuneration practices have regard to general market conditions, with a focus on what is happening within the financial services, and more specifically, the superannuation sector.  

All remuneration-related matters are to be determined and approved by the Board’s People and Remuneration Committee. The People and Remuneration Committee is accountable for exercising its responsibilities in line with its Charter.

Hostplus remuneration details

Remuneration, in the form of director fees for Board members, are considered by the People and Remuneration Committee which makes recommendations to the Board. Remuneration is reviewed annually, generally in May/June, with any changes to be made effective from 1 July in that year.

Year ended 30 June 2024
NameDirector fee (salary) ($)Parking benefits ($)Superannuation ($)Termination benefits ($)Total ($)
Independent Directors

D Frawley

199,813

-

27,500

-

227,313

J Rudd

93,269

-

13,990

-

107,259

J Whiting

153,056

-

22,959

-

176,015

Employer-nominated

C Laundy

140,490

-

21,073

-

161,563
D Attenborough 140,528 -21,079 -161,607

D Gibson

141,674

-

21,251

-

162,925

B Kearney21,577-3,236-24,813
Member-nominated
G Bullock (a)
119,471-17,921-137,392
I Beynon (a)43,655-6,548-50,203
J Korlevska (a)19,440-2,916-22,356
T Lyons131,653-19,748-151,401
B Myers (a)135,172-20,276-155,448
 Total1,339,798-
198,497-1,538,295

(a) The salary in relation to the services provided by this Director is paid to their nominating association United Workers Union. Any superannuation contribution is paid directly to this Director.

Year ended 30 June 2023
NameDirector fee (salary) ($)Parking benefits ($)Superannuation ($)Termination benefits ($)Total ($)
Independent Directors

D Frawley

191,070

-

27,500

-

218,570

A Grayson

129,443

-

19,417

-

148,860

J Whiting

147,169

-

22,075

-

169,244

Employer-nominated

C Laundy

135,086

-

20,263

-

155,349
D Attenborough 123,003 -18,450 -141,453

D Gibson

136,225

-

20,434

-

156,659

B Kearney20,747-3,112-23,859
Member-nominated
T Lyons
166,034-24,905-190,939
I Beynon (a)105,277-15,792-121,069
G Bullock (a)87,551-13,133-100,684
B Myers (a)69,421-10,413-79,834
 Total1,311,026-
195,494-1,506,520

(a) The Director Fee (Salary) in relation to the services provided by this Director is paid to their nominating association United Workers Union. 

Year ended 30 June 2022
NameDirector fee (salary) ($)Parking benefits ($)Superannuation ($)Termination benefits ($)Total ($)
Independent Directors

D Elmslie

191,070

10,013

27,500

-

228,583

A Grayson

129,443

-

19,417

-

148,860

J Whiting

147,169

-

22,075

-

169,244

Employer-nominated

C Laundy

126,577

-

18,986

-

145,563
 D Attenborough 123,003 -18,450 -141,453

D Gibson

138,537

-

20,781

-

159,318

B Kearney20,747-3,112-23,859
Member-nominated
T Lyons
166,034-24,905-190,939
I Beynon (a)105,277-15,792-121,069
G Bullock (a)58,367-8,755-67,122
B Myers (a)81,373-12,206-93,579
R Buckler11,996-1,799-13,795
 Total1,299,59310,013193,778-1,503,384

(a) Director fees and/or superannuation for these individuals are paid to their nominating association United Workers Union or AHA

Year ended 30 June 2021
NameDirector fee (salary) ($)Parking benefits ($)Superannuation ($)Termination benefits ($)Total ($)
Independent Directors
D Elmslie182,0109,65725,000-216,667
P Collins113,736-17,060-130,796
A Grayson113,736-17,060-130,796
Employer-nominated
M Robertson (a)     118,423-17,764-136,187
D Gibson118,031-17,705-135,736
M Vaile97,711-14,657-112,368
N Randall25,095-3,764-28,859
Member-nominated
T Lyons128,583-19,287-147,870
B Myers (a)97,711-14,657-112,368
I Beynon (a)36,480-5,472-41,952
J Hill51,072-7,661-58,733
R Buckler35,987-5,398-41,385
 Total1,118,5759,657165,485-1,293,717

(a) Director fees and/or superannuation for these individuals are paid to their nominating association United Workers Union or AHA

Year ended 30 June 2020
NameDirector fee (salary) ($)Parking benefits ($)Superannuation ($)Termination benefits ($)Total ($)
Independent directors
D Elmslie182,0109,45525,000-216,465
P Collins113,735-17,060-130,795
A Grayson113,735-17,060-130,795
Employer-nominated
M Robertson (a)118,423-17,763-136,186
D Gibson118,031-17,705-135,736
M Vaile97,711-14,657-112,368
N Randall25,095-3,764-28,859
Member-nominated
T Lyons
130,280-19,542-149,822
B Myers (a)97,711-14,657-112,368
J Hill87,551-13,133-100,684
R Buckler35,987-5,398-41,385
Total1,120,2699,455165,739-1,295,463

(a) Director fees for these individuals are paid to their nominating association United Workers Union or AHA.

Year ended 30 June 2019

Name

Director fee (salary) ($)

Parking benefits ($)

Superannuation ($)

Termination benefits ($)

Total ($)

Independent directors

D Elmslie

177,174

9,142

26,576

-

212,892

P Collins

111,944

-

16,792

-

128,736

A Grayson

104,445

-

15,667

-

120,112

Employer-nominated

M Robertson (a)

116,559

-

17,484

-

134,043
D Gibson116,172-17,426-133,598

M Vaile

91,173

-

13,676

-

104,849

N Randall37,811-5,672-43,483
Member-nominated
T Lyons
128,297-19,245-147,542
B Myers (a)91,173-13,676-104,849
J Hill86,172-12,926-99,098
R Buckler35,420-5,313-40,733
Total1,096,3409,142164,453-1,269,935

(a) Director fees for these individuals are paid to their nominating association United Voice or AHA.

The People and Remuneration Committee has the delegated authority to:
 
  • determine remuneration matters of the Hostplus Executive Leadership Team
  • consider and make recommendations to the Board on all remuneration matters concerning Directors and the CEO and all agreements proposed to be made under relevant industrial legislation (e.g. enterprise agreements). 

Fixed remuneration reviews for the Executive Leadership Team occur annually, generally in May/June, with increases payable from 1 July in that year. Increases for the Executive Leadership Team, with the exception of the CEO, in excess of the express terms and conditions of the Enterprise Agreement, are subject to People and Remuneration Committee approval.

The Chairman, on behalf of the Board, conducts the performance assessment of the Chief Executive Officer, having regard to objectives set in the previous year including setting objectives for the coming year. The Board, as a whole, discusses the outcome in the absence of the Chief Executive Officer which is then communicated to the Chief Executive Officer.

The Chief Executive Officer conducts the performance assessment for each member of the Executive Leadership Team, having regard to the operational and financial responsibilities of the Executive Leader and the contribution by the Executive Leader to the management and leadership of the business.

Year ended 30 June 2024
NameDateDate change
in position
Short-term
employment benefit
Post-employment
benefit
Long-term
employment benefit
Termination
benefit
Other
compensation
Total
   Salary including short-term leave ($)Variable remuneration ($)Bridging payment ($)Super ($)Long service leave ($)Variable remuneration ($)Other ($)Retention payment ($)Non-monetary benefit ($)($)

D Elia

15/03/1999

 

1,119,249

180,871

271,307

27,500

48,827

63,818

-103,65512,061

1,827,288

K Cantwell

10/10/2016

01/01/2024(a)

346,561

52,785

-

27,500

14,951

-

--12,061

453,858

J Dutton04/03/2024 148,125--8,990--
--3,921161,036
M French04/09/2023 28/01/2024(b)119,443--11,106----4,844135,393

S Fuller

06/02/2023

04/09/2023(c)

58,679

-

-

4,760

-

-

--2,175

65,614

A Graham29/01/2024 19/06/2024(d)201,580--11,423--59,971-18,212291,186

U Mecchi

07/02/2022

23/11/2023(e)

461,108

62,835

-

27,500

8,401

-

--12,061

571,905

J Muir

02/05/2022

26/01/2023(f)

408,170

64,903

-

27,500

15,641

-

--7,951

524,165

S Sicilia

31/03/2008

 

783,001

279,730

186,486

27,500

23,138

47,330

-72,98212,061

1,432,228

N Strickland

01/03/2010

01/01/2024(g)

415,325

64,515

-

27,500

14,438

-

--12,061

533,839

L Tassone

19/08/2013

15/09/2023(h)

101,266

-

-

6,875

(7,538)*

-

--2,537

103,140

P Watson21/03/2011 23/11/2023(i)193,717--25,808(8,021)* -543,006-4,811759,321
S Wilkinson16/11/201528/01/2024(j)237,399--15,8655,047---6,986265,297

Total



4,593,623

705,639

457,793

249,827

114,884

111,148

602,977176,637111,742

7,124,270

(a) Position changed from Group Executive - Administration Optimisation, Service & Insurance to Chief Administration and Insurance Officer
(b) Ceased role as Acting Group Executive - Legal & Compliance
(c) Ceased role as Group Executive - Legal & Compliance
(d) Ceased role as Chief Operating Officer
(e) Position changed from Group Executive - Marketing, Corporate Affairs, Stakeholder Management, Policy & Advocacy to Chief Member Officer
(f) Position changed from Head of Risk Strategy and Investment Risk to Chief Risk Officer
(g) Position changed from Group Executive - People, Performance & Culture to Chief People Officer
(h) Ceased role as Group Executive - Finance, Technology & Investment Operations
(i) Ceased role as Group Executive - Member Experience
(j) Ceased position in the Executive Leadership Team

* Negative long service leave remuneration benefits can arise when the carrying amount of the employee benefit provision, calculated in accordance with AASB 119, is more than the actual payment amount.

Year ended 30 June 2023

Name

Date commenced

Date change in position

Salary

Short-term
incentives

Parking
benefits

Super-
annuation

Termination
benefits

Total

($)

($)

($)

($)

($)

($)

D Elia

15/03/1999

 

1,028,576

492,069

10,373

27,500

-

1,558,518

N Brouwer

21/11/2016

25/01/2023(a)

225,700

-

5,905

16,188

-

247,793

K Cantwell10/10/2016 300,938103,33210,37327,500-
442,143

S Fuller

06/02/2023

06/02/2023(b)

91,406

-

4,189

8,858

-

104,453

U Mecchi

07/02/2022

 

375,997

-

10,373

27,500

-

413,870

J Muir

02/05/2022

26/01/2023(c)

160,462

-

3,425

11,846

-

175,733

S Sicilia

31/03/2008

 

760,000

488,973

10,373

27,500

-

1,286,846

N Strickland

01/03/2010

 

326,640

108,388

10,373

27,500

-

472,901

L Tassone

19/08/2013

10/11/2022(d)

402,118

142,114

10,373

27,500

-

582,105

P Watson21/03/2011  423,166162,39110,37327,500 -623,430

S Wilkinson

16/11/2015

 

369,610

138,599

10,373

27,500

-

546,082

Total



4,464,613

1,635,866

96,503

256,892

-

6,453,874

(a) Resignation
(b) Appointed as Group Executive – Legal & Compliance
(c) Appointed as Chief Risk Officer
(d) Position changed from Group Executive – Finance & Technology to Group Executive – Finance, Techology & Investment Operations

In addition to the remuneration outlined in the table above, N Strickland cashed-out accrued leave entitlements equal to $12,663 and N Brouwer was paid-out accrued leave entitlements equal to $105,686 upon resignation.

Year ended 30 June 2022

Name

Date commenced

Date change in position

Salary

Short-term
incentives

Parking
benefits

Super-
annuation

Termination
benefits

Total

($)

($)

($)

($)

($)

($)

D Elia

15/03/1999

 

978,636

323,863

10,013

27,500

-

1,340,012

M Abramovich

01/06/2021

25/02/2022(a)

374,016

-

6,584

24,856

-

405,456

N Brouwer

21/11/2016

21/02/2022(b)

223,156

43,286

3,566

27,500

-

297,508

K Cantwell

10/10/2016

02/05/2022(c)

285,515

37,578

10,013

27,500

-

360,606

U Mecchi

07/02/2022

07/02/2022(d)

136,610

-

3,950

11,106

-

151,666

S Sicilia

31/03/2008

 

723,005

354,812

10,013

27,500

-

1,115,330

N Strickland

01/03/2010

 

250,836

40,749

10,013

27,500

-

329,098

L Tassone

19/08/2013

 

363,750

57,118

10,013

27,500

-

458,381

P Watson21/03/2011  401,79861,87710,01327,500 -501,188

S Wilkinson

16/11/2015

01/07/2021(e)

350,779

56,730

10,013

27,500

-

445,022

Total



4,008,101

976,013

84,191

255,962

-

5,404,267

(a) Parental leave contract position ended
(b) Returned from parental leave
(c) Position changed from Group Executive – Administration Optimisation to Group Executive – Administration Optimisation, Service & Insurance
(d) Appointed as Group Executive – Corporate Affairs, Stakeholder Management, Policy & Advocacy
(e) Position changed from Group Executive – Strategy, Transformation & Services to Group Executive – Strategy &a Transformation

In addition to the remuneration outlined in the table above, N Brouwer and N Strickland cashed-out accrued leave entitlements equal to $5,738 and $11,739, respectively.

Year ended 30 June 2021

Name

Date commenced

Date change in position

Salary

Short-term
incentives

Parking
benefits

Super-
annuation

Termination
benefits

Total

($)

($)

($)

($)

($)

($)

D Elia

15/03/1999

 

968,862

197,964

9,657

25,000

-

1,201,483

M Abramovich

01/06/2021

01/06/2021(a)

23,145

-

794

2,885

-

26,824

A Antonellos

23/10/2000

28/09/2020(b)

248,573

54,347

7,303

18,519

-

328,742

N Brouwer

21/11/2016

30/04/2021(c)

347,778

55,335

8,043

25,000

-

436,156

K Cantwell

10/10/2016

 

255,196

39,407

9,657

25,000

-

329,260

S Sicilia

31/03/2008

 

682,443

223,492

9,657

25,000

-

940,592

N Strickland

01/03/2010

 

256,985

41,559

9,657

25,000

-

333,201

L Tassone

19/08/2013

28/09/2021(d)

344,410

56,373

9,657

25,000

-

435,440

P Watson21/03/2011   405,26357,7119,65725,000  -497,631

S Wilkinson

16/11/2015

 

360,201

23,752

9,657

25,000

-

418,610

Total



3,892,856

749,940

83,739

221,404

-

4,947,939

(a) Appointed as Group Executive – Risk, Compliance & Legal
(b) Appointed as Group Executive – Client Relationships & New Business and held the position until 30 June 2021
(c) Commenced maternity leave
(d) Position changed from Group Executive, Finance, Technology & Operations to Group Executive, Finance & Technology

In addition to the remuneration outlined in the table above, A. Antonellos cashed-out accrued leave entitlements equal to $38,956.

Year ended 30 June 2020

Name

Date commenced

Date change in position

Salary

Short-term
incentives

Parking
benefits

Super-
annuation

Termination
benefits

Total

($)

($)

($)

($)

($)

($)

D Elia

15/03/1999

 

899,048

221,979

9,455

25,000

-

1,155,482

N Brouwer

21/11/2016

 

347,269

53,162

9,455

25,000

-

434,886

K Cantwell

10/10/2016

18/02/2020(b)

248,827

40,879

9,455

25,000

-

324,161

S Sicilia

31/03/2008

 

632,946

227,013

9,455

25,000

-

894,414

N Strickland

01/03/2010

 

236,716

25,956

9,455

25,000

-

297,127

L Tassone

19/08/2013

18/02/2020(c)

318,346

43,264

9,455

25,000

-

396,065

P Watson21/03/2011   339,05641,3409,45525,000  -414,851

S Wilkinson

16/11/2015

18/02/2020(a)

112,295

575

1,938

8,558

-

123,366

Total



3,134,503

654,168

68,123

183,558

-

4,040,352

(a) Appointed as Group Executive - Strategy, Transformation and Services
(b) Position changed from Group Executive - Service Operations to Group Executive - Administration Optimisation
(c) Position changed from Group Executive - Finance, Strategy and IT to Group Executive - Finance, Technology & Operations

In addition to the remuneration outlined in the table above, D. Elia, N. Strickland and L. Tassone cashed-out accrued leave entitlements equal to $173,173, $3,395 and $28,340, respectively.

Year ended 20 June 2019

Name

Date commenced

Date change in position

Salary

Short-term
incentives

Parking
benefits

Super-
annuation

Termination
benefits

Total

($)

($)

($)

($)

($)

($)

D Elia

15/03/1999

 

822,942

231,972

9,142

25,961

-

1,090,017

N Brouwer

21/11/2016

 

307,915

36,353

9,142

25,000

-

378,410

K Cantwell

10/10/2016

 

267,125

39,359

9,142

25,000

-

340,626

U Mecchi28/11/2011 7/12/2018(b)178,62453,0892,88413,461-248,058

S Sicilia

31/03/2008

 

589,977

343,505

9,142

25,000

-

967,624

N Strickland

01/03/2010

 

180,680

32,406

9,142

27,772

-

250,000

L Tassone

19/08/2013

17/10/2018(a)

195,115

-

6,258

17,115

-

218,488

P Watson21/03/201117/10/2018(c)315,83332,8439,14225,000-382,818

Total

 

 

2,858,211

769,527

63,994

184,309

-

3,876,041

(a) Appointed as Group Executive – Finance, Strategy and IT
(b) Resigned as Chief Marketing Officer
(c) Position changed from Group Executive – Retirement Solutions & Advice to Group Executive – Member Experience

In addition to the remuneration outlined in the table above, D. Elia, N. Brouwer, U. Mecchi and N. Strickland cashed-out accrued leave entitlements equal to $95,192, $31,377, $207,442 and $12,733, respectively.

Further information

The People and Remuneration Committee is responsible for regularly reviewing the remuneration policy and as appropriate, making recommendations to the Board. This includes an assessment of the policy’s application, effectiveness and compliance with the requirements of APRA’s Prudential Standard SPS 510: Governance.

The People and Remuneration Committee reviews the policy annually to ensure it continues to meet its intended purpose and to identify any material deviations of remuneration outcomes.

The Committee’s responsibilities are set out in the People and Remuneration Committee’s Charter and extend to:

  • approving the staff benefits that have significant monetary impacts
  • setting fixed remuneration annual review parameters and outcomes
  • setting maximum variable remuneration
  • deciding participation in variable remuneration plans
  • reviewing overall short-term incentives (STIs) allocations
  • approving any proposal for a sign on, retention or termination payment.

Hostplus offers variable remuneration in the form of STIs to the CEO and to members of the Group Executive Team. At its discretion, the Board may implement a variable remuneration scheme for non-executive staff based on individual performance, but linked to overall performance of the Fund.

CEO and Group Executive Team – participation is subject to People and Remuneration Committee approval and Board endorsement.

STIs are discretionary, performance-based remuneration designed to drive and reward short-to-medium term results, reflecting the level of risk. This includes financial and non-financial results and metrics at an organisation, department, team and individual level.The STI plan is set at the start of each financial year, with the conditions attached to the specific individual plans and objectives to be met.

Any sign-on, retention or termination payments not set out in the employment contract are to be approved by the People and Remuneration Committee.

All Group Executives at Hostplus may resign from their employment by giving Hostplus three (3) months’ notice in writing. The relevant Group Executive and Hostplus may agree on a lesser notice period, or Hostplus may, at its discretion, waive the notice period. Hostplus may terminate their employment and in such circumstances Hostplus must provide them with three (3) months’ notice in lieu. 

In addition, Hostplus may terminate their employment at any time, without notice, if, in the opinion of Hostplus, they engage in serious misconduct, serious neglect of duty, or serious breach of any of the express or implied terms of their employment contract. In such circumstances they would be entitled to payment of their normal salary and benefits up to the date of termination only.

Details of the remuneration paid to our Responsible Persons are set out above.

Hostplus is dedicated to fostering and maintaining a diverse and inclusive workforce that values the variety of perspectives, backgrounds, and life experiences of our 350 employees.

We recognise that by doing so we not only create a workplace environment that enables our employees to succeed but also better positions us to serve the broad diversity of members we represent.

Addressing the gender pay gap is an important part of this effort and an ongoing priority towards which we continue to make demonstrative progress.

This progress is evidenced by the notable reduction in our gender pay gap between 2022-23 and 2023-24, as well as the recorded increases in the number of women in managerial and key management personnel positions over the same period.

Other actions and initiatives we have undertaken include:

  • The establishment of a pay rebalancing program, which resulted in a salary uplift for 19 employees in 2024 and is on track to be rolled out again in 2025.
  • The development of a program of work for our high potential employees with a focus on supporting the growth of female leadership talent.
  • The introduction of more targeted talent acquisition activities to better position roles to female applicants.

Hostplus is proud of our flexible work policy and generous leave provisions, including our Paid Parental Leave policy, and superannuation contributions for the duration of a parental absence up to 12 months.

The Hostplus Board and executive leadership team acknowledge the progress that has been made but recognise that there is more work to be done. We remain steadfast in our commitment to ensuring that our remuneration practices are equitable and inclusive for all employees to continuously improve our gender pay gap.