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Hostplus announces changes to its Trustee Board of Directors

Major profit-to­ member Industry super fund Hostplus today announced several changes to its Trustee Board of Directors, effective 1 July, 2021.

The board changes correlate with several long-serving directors having reached the maximum permitted board tenure under the Fund’s governance framework.  

With its origins in the hospitality, tourism, recreation and sports sectors, Hostplus continues to evolve and grow as the lifetime fund of choice for Australians and employers from a broad range of backgrounds and industries. Today, Hostplus is one of the largest1 and best-performed super funds2 in Australia, with over 1.25 million members, 233,000 contributing employers and $66 billion funds under management3.  

Hostplus operates a governance model comprising three Employer, three Employee and three Independent Directors (one of which is the Board’s Independent Chairperson), which was recognised by the Super System Review into the Governance Efficiency, Structure and Operation of Australia’s Superannuation System (the Cooper Review) as an exemplar board composition for accountable trustee governance.  

The board members stepping down are Peter Collins, an Independent Director, Mark Robertson and Mark Vaile, both Employer Directors, and Neil Randall, an Alternative Employer Director.  

Joining the board from 1 July 2021, as Employer Directors, are David Attenborough, Managing Director and CEO of Tabcorp and Craig Laundy, Manager at Laundy Hotels and former Federal parliamentarian and Minister for Small and Family Business, Industrial Relations and Deregulation. Janet Whiting, Partner at Gilbert + Tobin Lawyers has been appointed an Independent Director, while former AHA CEO Brian Kearney has been appointed as an Alternate Employer Director.  

Hostplus’ Chair, David Elmslie, said that the Board would build on the significant contributions made by the outgoing directors.  

“On behalf of the Hostplus Board I would like to express my thanks to Mark, Peter, Mark and Neil who have added significant value, experience and knowledge to our Board and our Fund over the years that they have collectively served as trustees. They have directly contributed to the exceptional long-term performance and member outcomes Hostplus has achieved, which has positioned us as the superannuation fund of choice for a growing number of Australians. We thank them sincerely for their great service and support and wish them every success in the future,” Mr Elmslie said.  

“This is an important time for Hostplus, as we continue to grow and develop and realise scale benefits so that we can work diligently to manage and grow our members’ superannuation savings so they can look forward to a dignified retirement. I am very pleased that David, Craig, Janet and Brian will be joining our Board, and their collective abilities and expertise ensure that our Fund remains well placed to continue to deliver outcomes that are in the best financial interests of our members, and particularly as we enter a period of unprecedented reform and transformation in our retirement income system”, Mr Elmslie added.  

1 Canstar, January 2021: https://www.canstar.com.au/superannuation/largest-super-funds/
2 According to the SuperRatings SR50 Balanced (60-76) Crediting Rate Survey, 31 May 2021, the Hostplus MySuper Balanced option is the number one ranked investment option over 20 years.
3 As at 31 May 2021


Media enquiries:

Ibrahim Rasheed - ibrahimr@bastionrm.com.au, 0481 208 331

This website is issued by Host-Plus Pty Limited ABN 79 008 634 704, AFSL 244392 as trustee for the Hostplus Superannuation Fund (the Fund) ABN 68 657 495 890, MySuper No 68657495890198. Hostplus Self-Managed Invest (SMI) is issued by Host-Plus Pty Limited ABN 79 008 634 704, AFSL 244392 as trustee for the Hostplus Pooled Superannuation Trust (PST) ABN 13 140 019 340. It contains general advice only and does not take into account your personal objectives, financial situation or needs. You should consider if this information is appropriate for you in light of your circumstances before acting on it. Please read the relevant Hostplus Product Disclosure Statement (PDS) or Hostplus SMI PDS before making a decision about Hostplus. For a description of the target market, please read the Target Market Determination (TMD), available at hostplus.com.au. You can view detailed disclaimers here. Hostplus has engaged Industry Fund Services Limited (IFS) ABN 54 007 016 195, AFSL 232514 to facilitate the provision of personal financial advice to members of Hostplus. Advice is provided by financial planners who are Authorised Representatives of IFS. Fees may apply for Comprehensive Financial Advice, further information about the cost of comprehensive advice is set out in the relevant IFS Financial Services Guide, a copy of which is available from your financial planner. Hostplus has engaged Link Advice Pty Ltd ABN 36 105 811 836, ASFL 258145 to facilitate the provision of limited personal financial advice to members of Hostplus via the web-based product Super Adviser.