APSS - Register of Relevant Interests and Duties

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1 APSS - Register of Relevant Interests and Duties APRA's Prudential Standard SPS 521 (Conflicts of Interest) provides the following definitions for Relevant Duty and Relevant Interest : Relevant Duty Refers to any duty owed by the RSE (Registrable Superannuation Entity) licensee, or Responsible Persons of the RSE licensee, to beneficiaries or to any other person (including organisations) that the RSE licensee has determined is relevant because it might reasonably have potential to have a significant impact in regards to acting in the best interests of members. Relevant Interest An interest of the RSE (Registrable Superannuation Entity) licensee, an associate of the RSE licensee or a Responsible Person of the RSE licensee refers to any interest, gift, emolument or benefit, whether pecuniary or nonpecuniary, directly or indirectly held by the RSE licensee, the associate or the Responsible Person that the RSE licensee has determined is relevant because it might reasonably have potential to have a significant impact in regards to acting in the best interests of members. The tables on the following pages show relevant duties and interests held by the Responsible Persons of the RSE licensee. NOTE: The following notes reference the top row of the tables on pages 2 to 5: 1 Position means the position involving duties to beneficiaries of the Fund. 2 Other Positions are any positions involving duties to other persons or organisations. 3 Shareholdings or Associations refers to shareholdings in (or associations with) relevant service providers to the APSS and major shareholdings (shares and securities that exceed 10% of the total amount on issue, direct or indirect). 4 APSS Member refers to whether the Responsible Person currently has in the Australia Post Superannuation Scheme (APSS) and/or associated funds. 5 Gifts, hospitality, etc. only applies to gifts, hospitality, benefits provided by persons in connection with the APSS, its service providers and associates. Factors to take into account in determining whether the gift, hospitality, payment or other benefit is required to be disclosed include: (a) whether it is a one-off occurrence or is ongoing; (b) the extent to which the role of the person giving the benefit influences the duties owed by the RSE licensee to beneficiaries; and (c) the dollar value of the interest (an indicative threshold is $250 per person). December 2018 Page 1

2 Register of relevant interests and duties of Responsible Persons Trustee Directors Name Director details Position 1 Other Positions 2 Shareholdings or Mark Birrell Chair/Independent Director (Appointed by all other Directors) Director of PostSuper Pty Ltd (ACN Non-Executive Director, Transurban International Limited Director, Victorian Chamber of Commerce and Industry Chairman, Regis Healthcare Limited Trustee of personal superannuation fund, Mark Birrell Superannuation Fund Chairman, Australian Payments Council APSS Member 4 Gifts, hospitality, benefits received 5 James Marshall Employer Director (Appointed Australian Postal ) Director of PostSuper Director and Trustee of personal superannuation fund, Westmarsh Pty Ltd Janelle Hopkins Employer Director (Appointed by ) Director of PostSuper Group CFO, Director, Finance Executives Institute (FEI) Director, Aramex Global Solutions Director, Australia Post Services Pty Ltd Director, Australia Post Transaction Services Pty Ltd Director, Decipha Pty Ltd Director, Mail Call Couriers Pty Ltd Director, POLI Payments Pty Ltd Director, SecurePay Pty Ltd Director, StarTrack Express Pty Ltd Director, StarTrack Retail Pty Ltd Director, STI CO (Aust) Pty Ltd Director & Trustee of personal superannuation fund, de Leeuw Family Superannuation Fund Membership December 2018 Page 2

3 Register of relevant interests and duties of Responsible Persons Trustee Directors Name Director details Position 1 Other Positions 2 Shareholdings or Michael Tull Member Director (Appointed by the Community and Public Sector Union (CPSU)) Director of PostSuper Assistant National Secretary, Community and Public Sector Union Director, Centre for Australian Progress Limited Director, Shared Advantage Ltd APSS Member 4 Gifts, hospitality, benefits received 5 Gregory Rayner Member Director (Appointed by the Communications Electrical Plumbing Union of Australia (CEPU)) Director of PostSuper National President, Communications Electrical and Plumbing Union of Australia (CEPU) Divisional Secretary, CEPU Communications Division National President & Chairman, National Council CEPU Bryan Watkins Member Director (Appointed by the Australian Council of Trade Unions (ACTU)) Director of PostSuper Branch President CWU (WA) - A Division of the CEPU Christopher Blake Employer Director (Appointed by ) Director of PostSuper Executive General Manager, Corporate Services, Chairman, Brain Australia Pty Ltd Chairman, Foundation for Imaging Research Pty Ltd Director, APost Innovation Pty Ltd Ambassador, The 100% Project Pricewaterhousecoopers Unfunded Partner Pension December 2018 Page 3

4 Register of relevant interests and duties of Responsible Persons Executive Officers Name Position 1 Other Positions 2 Shareholdings or Stephen Milburn-Pyle General Manager, Australia Post Superannuation Scheme, Chief Executive Officer, PostSuper Pty Ltd Director and Chairman, Private Syndicate Pty Ltd Director, President, Treasurer & Secretary, Private Syndicate (US) Inc. Member, Walter & Eliza Hall Institute of Medical Research Investment Committee APSS Member 4 of the APSS Gifts, hospitality, benefits received 5 Catherine Elmes Head of APSS Member Services, Vanguard units trusts (various) of the APSS Neale Sturt Head of APSS Governance & Operations, Director, Private Syndicate Pty Ltd Director, Private Syndicate (US) Inc. of the APSS Alister Wong Head of APSS Investments, Membership December 2018 Page 4

5 Register of relevant interests and duties of Responsible Persons External Service Providers Name Position 1 Other Positions 2 Shareholdings or Matthew Burgess Scheme Actuary, Australia Post Superannuation Scheme Senior Consultant, Towers Watson Australia Pty Ltd Actuary to: - Telstra Superannuation Scheme - ANZ Australian Staff Superannuation Fund - Local Authorities Superannuation Fund (Vision Super) - New Zealand Government Superannuation Fund (May also provide actuarial advice to other clients of Towers Watson Australia Pty Ltd) APSS Member 4 Gifts, hospitality, benefits received 5 Maria Pallisco Approved Auditor, Australia Post Superannuation Scheme Partner, Ernst & Young Approved Auditor/Auditor to: - REI Super - TWU Super - Guild Retirement Fund - Maritime Super - Linfox Super - Prime Super - Nulis Nominees - Copia Investments - Clover - PostSuper Pty Ltd - Private Syndicate Pty Ltd - UniSuper - Contango Asset Management - Switzer Asset Management - MAV Insurance - Coinvest - Bendigo Super Director, Marlilu Pty Ltd December 2018 Page 5

6 Register of interests of RSE licensee and associates The table below shows relevant interests held by PostSuper Pty Ltd, the RSE licensee of the Australia Post Superannuation Scheme (APSS), and associates of the RSE licensee: Owner of relevant interest Details of relevant interest Additional details RSE licence PostSuper Pty Ltd PostSuper Pty Ltd, in its capacity as trustee, owns (directly or indirectly) all of the issued share capital in Private Syndicate Pty Ltd and Private Syndicate (US) Inc. Both Private Syndicate Pty Ltd and Private Syndicate (US) Inc. are solely used as wholly-owned investment vehicles of the Fund. Associates of RSE licensee Private Syndicate Pty Ltd Private Syndicate (US) Inc. December 2018 Page 6

APSS - Register of Relevant Interests and Duties

APSS - Register of Relevant Interests and Duties APRA's Prudential Standard SPS 521 (Conflicts of Interest) provides the following definitions for Relevant Duty and Relevant Interest : Relevant Duty Refers