KABM Pty Ltd, the proprietor of Sports Super™, has joined with the Boating Industry Association of Victoria (BIAV) to create and launch Australia’s first ‘industry-style’ fund for the marine and boating industry.
‘Marine Super’ recognises the breadth of membership within the recreational sailing, boating and marine industry and is available to all employees, sailing club members, suppliers and stakeholders operating in the industry.
AMP, the largest retail superannuation provider in Australia, will administer Marine Super under its market leading ‘Signature Super Plan’. This will give Marine Super members:
- a large, strong, safe and secure super fund that is also used by major Australian companies such as Woolworths, Coca Cola, Australia Post, Bupa, Crown, Caltex, the AFL and Optus;
- low fees (0.69% pa) compared with the average fee rate for Industry Funds (1.2%) and Retail Funds (1.5%); and
- a free of charge administration support service provided by KABM.
Importantly, and uniquely, after cost, revenue generated in this program will be used by the BIAV to develop and promote the marine and boating industry.
Marine Super will commence in August 2017 with presentations to businesses and their employees operating in the industry. It is an exciting opportunity for employees and members to opt-into an innovative new Superannuation plan, created by the industry for the benefit of the industry and operated by AMP.