Indigenous Super Summit 2016
The second Indigenous Superannuation Summit – an initiative of the Indigenous Superannuation Working Group – was held in Melbourne in early November. The Summit brought together government agencies, Aboriginal and Torres Strait Islander advocates and the superannuation industry in a spirit of cooperation.
The objectives of the summit were to:
- Enhance Aboriginal and Torres Strait Islander access to superannuation
- Improve industry engagement with Aboriginal and Torres strait Islander members
- Promote Aboriginal and Torres Strait Islander employment in the superannuation industry
After the summit, delegates expressed a desire to create change within their organisations and over the next 12 months the Indigenous Superannuation Working Group resolved to:
- Implement the new AUSTRAC Guidelines on Aboriginal and Torres Strait Islander identification
- Improve engagement with Aboriginal and Torres Strait Islander peoples
- Move towards simplifying the system and reducing the use of technical language
- Encourage greater sharing of information to better inform decision making
A report of the day, including summaries of the discussions and outcomes is available in the Indigenous Super Summit Report.
The 2016 Indigenous Super Summit was proudly supported by Mercer.
Click here to review the 2015 Indigenous Superannuation Summit.
AIST Reconciliation Action Plan (RAP)
As an organisation committed to fairness, equity and advancing retirement outcomes for all Australians, we recognise that we have an important role to play in promoting reconciliation with Aboriginal and Torres Strait Islander peoples.
Our RAP outlines the practical steps that we are taking to build respectful relationships as well as create social change and economic opportunities for Aboriginal and Torres Strait Islander Australians.
We hope this framework will enable us to develop meaningful initiatives to help close the gap in disadvantage experienced by Aboriginal and Torres Strait Islander peoples, particularly in regards to retirement outcomes.
You can view AIST’s Reflect Reconciliation Action Plan here.
For more information on how a Reconciliation Action Plan works, you can visit Reconciliation Australia at www.reconciliation.org.au/raphub
Indigenous Superannuation Working Group
While the Australian superannuation system was designed with the intention to benefit all Australians, the unique needs of Aboriginal and Torres Strait Islander peoples are often overlooked by superannuation policy makers and the industry itself.
AIST is keen to develop and implement strategies with the input of relevant stakeholders that address a range of issues that Aboriginal and Torres Strait Islander peoples face in relation to their super.
AIST along with the Financial Services Council, the Association of Superannuation Funds of Australia, Industry Super Australia and Women in Super have joined forces with a number of superannuation funds to form the Indigenous Superannuation Working Group - a cross industry commitment to effectively establishing and meeting the needs of Aboriginal and Torres Strait Islander people.
The Indigenous Superannuation Working Group have already completed their initial Discussion Paper - Building Better Superannuation Outcomes for Aboriginal and Torres Strait Islander People and as a result, decided to hold an inaugural Indigenous Super Summit.
Big Super Day Out
Thank you to all the volunteers at the Big Super Day Out in Sydney (June 24, 2016).
The Big Super Day Out – organised by AIST’s charity partner First Nations Foundation – was a fun day including entertainment, free BBQ, activities, and giveaways. It was a great opportunity for super fund members to help the Indigenous community better engage with the super system.
The next Big Super Day Out will be held in Melbourne with the date to be confirmed.
Anyone interested in volunteering should check out the event poster, volunteer form, and contact First Nations Foundation on (03) 9670 5904 email@example.com