Governance

We operate with full transparency. Our Board includes respected members of the legal community, committed to a rigorous governance structure to maintain thoroughness & accuracy.

A close up photo of a row of law books

The Board of legalsuper is responsible for the overall strategic direction.

Our Board includes respected members of the legal community. A rigorous governance structure and set of processes ensures we maintain thoroughness and accuracy. We operate with full transparency and are committed to maintaining the quality of our offering.

Our Board has 10 Directors including an Independent Chair who is appointed by the Board. The other nine Directors are nominated by the following organisations. For detailed information regarding the process for the nomination, appointment, renewal and removal of Directors please refer to the Constitution of Legal Super:

Independent Chair
 (An independent Director nominated by the Board)
5 Member Directors 4 Employer Directors
Number Nominated by
Number Nominated by
2 Australian Services Union
(Victorian Private Sector
branch)
2 Law Society of
New South Wales
2 United Services Union 2 Law Institute of Victoria
1 Victorian Bar Inc.    

 

Independent Chair
 (An independent Director nominated by the Board)
Representatives Nominated by
Number
5 Member Directors Australian Services Union (Victorian Private Sector
branch)
2
United Services Union 2
Victorian Bar Inc. 1
4 Employer Directors

Law Society of
New South Wales
2
Law Institute of Victoria 2

As at 17 October 2022, the following persons are Directors of Legal Super Pty Ltd as trustee for legalsuper:

Name Position held Date appointed
Kirsten Mander Independent Director, Chair of the Board 15 December 2017
Andrew Boog Employer Director 28 April 2017
Richard Fleming Employer Director 27 May 2016
Richard Flitcroft Employer Director 31 March 2019
Adam Awty Employer Director 31 March 2021
Imogen Sturni Member Director 31 March 2019
James Peters AM KC Member Director 30 June 2021
Kamal Farouque Member Director 21 September 2022
Daniel Papps Member Director 11 October 2022
Mary Macken Member Director 17 October 2022

The following appointments, retirements or resignations occurred during 2022/23:

  • Anastasia Polites retired as Member Director, effective 29 July 2022
  • Carita Kazakoff retired as Member Director, effective 2 September 2022
  • Kamal Farouque was appointed as Member Director, effective 21 September 2022
  • Nikhil Mishra retired as Member Director, effective 13 October 2022
  • Daniel Papps was appointed Member Director, effective 11 October 2022
  • Mary Macken was appointed Member Director, effective 17 October 2022

The following appointments, retirements or resignations occurred during 2020/21:

  • Emma Maiden retired as Member Director, effective 20 September 2020
  • Anastasia Polites was appointed as Member Director, effective 21 September 2020
  • Geoff Hone retired as Employer Director, effective 31 March 2021
  • Adam Awty was appointed as Employer Director, effective 31 March 2021
  • Phil Kennon QC retired as Member Director, effective 09 June 2021
  • James Peters AM KC was appointed as Member Director, effective 30 June 2021

The following appointments, retirements or resignations occurred during 2019/20:

  • Chris Joyce retired as Member Director effective on 31 March 2020
  • Nikhil Mishra was appointed as Member Director effective on 31 March 2020

The following appointments, retirements or resignations occurred during 2018/19:

  • Vicki Rogers retired as Member Director effective on 31 March 2019
  • Coralie Kenny retired as Employer Director effective on 31 March 2019
  • Richard Flitcroft was appointed as Employer Director effective on 31 March 2019
  • Imogen Sturni was appointed as Member Director effective on 31 March 2019

 

The following persons are members of the Executive Management team of Legal Super Pty Ltd as trustee for legalsuper:

Name Position held Date appointed
Kaye Wheatley-Brown Executive Manager, Legal, Risk & Compliance January 2017
Luke Symons Chief Executive Officer April 2023
Michael Gogorosis Chief Financial Officer November 2023
John Robinson Executive Manager, Business Enablement & Risk December 2023
Colin Adamson Chief Commercial Officer January 2024
Paul Murray Chief Investment Officer March 2024
Louise Eyres Chief Marketing Officer May 2024

The following appointments, retirements or resignations occurred during 2023/24:

  • Trevin Erichsen ceased employment as Chief Operating Officer effective on 16 August 2023
  • Michael Gogorosis was appointed Chief Financial Officer effective on 27 November 2023
  • Norman Zhang ceased employment as Chief Investment Officer effective on 7 December 2023
  • Carrie Norman ceased employment as Chief Member Officer effective on 13 December 2023
  • John Robinson was appointed Executive Manager, Business Enablement & Risk effective on 13 December 2023
  • Colin Adamson was appointed Chief Commercial Officer effective on 15 January 2024
  • Jessica Lancashire ceased employment as Executive Manager, People & Culture effective on 12 January 2024
  • Paul Murray was appointed Chief Investment Officer effective on 11 March 2024
  • Louise Eyres was appointed Chief Marketing Officer effective on 14 May 2024

The following appointments, retirements or resignations occurred during 2022/23:

  • Trevin Erichsen was appointed Chief Operating Officer effective on 12 September 2022
  • Andrew Proebstl ceased employment as Chief Executive Officer on 23 November 2022
  • Luke Symons was appointed Chief Executive Officer effective on 11 April 2023

The following appointments, retirements or resignations occurred during 2021/22:

  • Jessica Lancashire's title changed from Manager, People & Culture to Executive Manager, People & Culture effective 31 August 2021
  • Carrie Norman was appointed Chief Member Officer effective on 29 March 2022
  • David Eastwood ceased employment as Executive Manager, Operations and Member Services effective on 8 April 2022

The following appointments, retirements or resignations occurred during 2020/21:

  • Patsy Mullen-Conolly ceased employment as Executive Manager, Member Experience effective on 16 July 2020
  • Carrie Norman was appointed as Executive Manager, Member Experience effective on 14 September 2020

The following appointments, retirements or resignations occurred during 2019/20:

  • Edward Smith resigned as Chief Investment Officer effective on 26 September 2019
  • Norman Zhang was appointed as Chief Investment Officer effective on 3 March 2020

Board Committee membership

Administration and Insurance Committee

Responsible for overseeing the fund administrator, member insurance arrangements, and the operating cost budget.

Chair:

  • Adam Awty

Members:

  • Andrew Boog
  • Daniel Papps

Audit, Risk & Governance Committee

Responsible for the financial reporting framework, both internal and external audit, the Risk Management Framework, and oversight of compliance with the legislative, prudential and regulatory obligations of the Trustee.

Chair:

  • Richard Flitcroft

Members:

  • Mary Macken
  • Imogen Sturni

Investment Committee

Responsible for overseeing implementation of the investment strategy, advising the Board on the design of investment options including the risk and return objectives and strategic asset allocation; investment policy; and the appointment or termination of the Custodian or Asset Consultant.

Chair:

  • James Peters AM KC

Members:

  • Kamal Farouque
  • Richard Fleming

External Investment expert:

  • Joe Fernandes

Remuneration & Nomination Committee

Responsible for making annual recommendations to the Board on the remuneration of the senior executives and others in accordance with the Board’s Remuneration Policy; and determining the processes for the interview of nominees for the role of Director and making a recommendation to the Board.

Chair:

  • Kirsten Mander

Members:

  • Andrew Boog
  • Adam Awty

Click here to download the Board Meeting Attendance for the last 7 Financial Years. (Attendance at out of schedule meetings are not included in this table.)

Directors remuneration disclosures

Director performance evaluation & review 

The Board has adopted a number of formal process to review and monitor its ongoing performance, including: 

a) Each Director signs a letter of appointment  which sets out term of appointment, responsibilities and duties.
b) Each year the Independent Chair meets with each Director to discuss the performance and effectiveness of the Board.  
c) The Independent Chair reports her findings from these discussions to the Board.
d) The Board assesses the performance of the Independent Chair. 
e) An external consultant is also retained periodically to independently review the performance of the Board.

Director remuneration

  • The Independent Chair’s remuneration is determined by the Board. 
  • The remuneration of Directors other than the Chair of the Board is approved by the stakeholders of legalsuper. 
  • Remuneration is indexed annually for a cost of living adjustment. 
  • Travel, accommodation and other incidental costs associated with the Directors’ roles are paid or reimbursed by legalsuper. 
  • The remuneration paid to individual Directors differs, reflecting that some Committees meet more often than others and the Chair of each Committee is paid an additional amount for the extra work involved. 

Remuneration is paid directly to individual Directors unless stated otherwise.
The remuneration paid to each Director in each of the past two financial years was as follows:

Director

2022/
2023

2022/

2023

2022/

2023

2023/

2024

2023/

2024

2023/

2024

  $Salary $Super $Total $Salary $Super $Total
Richard Fleming 57,382 6,025 63,407 60,825 6,691 67,516
Carita Kazakoff1* 9,090 954 10,044 - - -
Andrew Gerrit Boog 41,732 4,382 46,114 44,236 4,866 49,102
Kirsten Mander 104,333 10,955 115,287 110,592 12,165 122,757
Richard Flitcroft 52,166 5,477 57,644 55,296 6,083 61,379
Imogen Sturni2 41,732 4,382 46,114 44,236 4,866 49,102
Nikhil Mishra* 13,414 1,408 14,823 - - -
Anastasia Polites* 3,478 365 3,843 - - -
Adam Awty 50,941 5,349 56,290 55,296 6,083 61,379
James Peters AM, KC 46,949 4,930 51,879 49,766 5,474 55,241
Kamal Farouque 36,635 3,847 40,481 49,766 5,474 55,241
Daniel Papps3 30,306 3,182 33,488 44,236 4,866 49,102
Mary Macken4 29,643 3,113 32,756 44,236 4,866 49,102
Grand total: 517,800 54,369 572,170 558,487 61,434 619,922

*Now retired

1. Carita Kazakoff's remuneration is paid to the Australian Services Union. 
2. Imogen Sturni’s remuneration of$44,236 is paid  to Australian Service Union.
3. Daniel Papps’ remuneration of $44,236 is paid to United Services Union.
4. Mary Macken’s partial remuneration of $4,173 is paid to United Services Union.  

Executive management team remuneration disclosures

Executive performance evaluation & review 

The performance of all staff is formally reviewed and evaluated each year.
Each staff member meets with their direct report to review their performance over the preceding year and identify any opportunities for professional development.
The Remuneration and Nomination Committee reviews the performance and remuneration of all responsible officers of the Trustee which includes the 

  • Chief Executive
  • Chief Investment Officer
  • Chief Financial Officer
  • Chief Commercial Officer
  • Chief Marketing Officer
  • Executive Manager - Legal, Risk and Compliance and Company Secretary 
  • Executive Manager - Business Enablement & Risk

The Remuneration and Nomination Committee receives and considers a report and recommendations from the Chief Executive on the performance of the responsible officers and formulates a recommendation for the Board.

The Chief Executive submits a self-evaluation which is considered by the Remuneration and Nomination Committee.

The Board then determines any adjustment to the remuneration of the responsible officers.

Professional development

legalsuper invests in the professional development of its staff recognising the importance of them being properly trained to undertake their responsibilities and provide high levels of professional advice and service to members and employers.

This professional development includes industry conferences for the superannuation and financial services industries as well as specific tailored professional development. Staff who provide advice to members are required to undertake ongoing training to keep them abreast of changes in superannuation.

Once a year all staff from across Australia meet in Melbourne at a strategic planning and professional development meeting. Industry commentators are invited to present at this meeting to brief the team on current industry trends and developments. As part of the professional development component of these meetings, expert training consultants provide specialist professional development.

The Trustee encourages and supports staff undertaking further studies both by paying the cost of work-related study and providing study leave.

Remuneration of responsible officers

The aggregate remuneration paid to each of the responsible officers in each of the last two financial years was as follows:

Financial Year 2022/
2023
2022/
2023
2022/
2023
2022/
2023
2023/
2024
2023/
2024
2023/
2024
2023/
2024
  $Salary $Super $Other* $Total $Salary $Super $Other* $Total
Andrew Proebstl1,2 704,887 74,013 - 778,900  -   -   -  -
Kaye Wheatley-Brown 248,355 26,077 26,755 301,187 273,924 30,106 7,296 311,326
Carrie Norman3 298,884 31,382 - 330,267

280,678

22,756 - 303,434
Norman Zhang4 363,413 38,158.29 - 401,571 209,624 17,976  -  227,600
Jessica Lancashire5 155,764 15,755.54 - 171,520 97,280 10,111  -  107,391
Trevin Erichsen6 267,232 28,059 - 295,292 125,861 4,549 - 130,410
Luke Symons7 116,561 12,238 - 128,800 541,177 59,529  -  600,706
Michael Gogorosis8 - - - -

160,650

17,642  -  178,292
John Robinson9 - - - - 214,718  23,619  -  238,337
Colin Adamson10 - - - - 149,769  16,475  -  166,244
Paul Murray11 - - - - 113,236  12,456  -  125,692
Louise Eyres12 - - - - 25,468     2,801  -  28,269
Grand total $ 2,155,098 225,685 26,755 2,407,537 2,026,923   218,020   7,296 2,417,701

Travel, accommodation and other incidental costs incurred by responsible officers in their roles are paid or reimbursed by legalsuper and reflected in the financial statements of legalsuper.

*Other includes Accrued Long Service Leave.

1. Ceased employment with legalsuper effective 23 November 2022
2. 2022/23: Includes eligible termination payment of $557,629.
3. Ceased employment with legalsuper effective 12 December 2023.
     2023/24:Includes eligible termination payment of $103,436.
4. Ceased employment with legalsuper effective 07 December 2023. 
5. Ceased employment with legalsuper effective 11 January 2024.
6. Ceased employment with legalsuper effective 16 August 2023.
     2023/24:Includes eligible termination payment of $62,026
7. Commenced 11 April 2023.
8. Executive role since 21 November 2023.
9. Executive role since 7 December 2023.
10. Executive role since 12 January 2024.
11. Executive role since 12 March 2024.
12. Executive role since 15 May 2024.

The proxy voting policy sets out how Legal Super Pty Ltd (the Trustee) manages proxy voting in respect of the publicly listed companies in which it invests.

legalsuper holds Overseas shares through holdings with five investment managers. 

legalsuper - Audited financial statements for the year ended 30 June 2024

Legal Super Pty Ltd -  Audited financial statements for the year ended 30 June 2024

 

Each year, we are required to determine whether our products promote the financial interests of our members by assessing our performance against various assessment and comparison factors.

This year's evaluation has again determined that our products promote the financial interests of our members.

Download the Member Outcomes Dashboard below which sets out legalsuper's Member Outcomes Assessment and determination for the MySuper, Choice, and Pension investment options.

 

 

This document provides a summary of our strategy, which we hope will assist our members in making informed decisions about their retirement.

More information can be be found on this page.

2022/2023 Annual Report 

Download legalsuper's most recent Annual report, for the 2021/22 financial year here:

Annual Report archive

2023 Annual Member Meeting 

The Annual Member Meeting was held on 7 December 2023.

The Trustee outsources most operations to expert service providers. Regular tenders are undertaken to ensure the best services and products available in the market are delivered to legalsuper's members and employers.

Fund administrator

  • Australian Administration Services Pty Limited ABN 62 003 429 114 (all administration enquiries and processing including receipting and allocating of contributions and payment of benefits)

Communications

  • The Creative Works Pty Ltd. ABN 56 006 243 027 (develops member and employer communication material)

Custodians

  • The Northern Trust Company ABN 62 126 279 918 (custodian for the majority of investments assets) and
  • BNP Paribas Securities Services ABN 87 149 440 291 (custodian for a single investment asset class) 

Investment Advisors and Managers

  • legalsuper has appointed specialist investment advisors and managers to manage the assets invested with legalsuper. Investment advisors and managers currently appointed are listed here.

Insurer

  • The insurer is OnePath Life Limited ABN 33 009 657 176 up until 31 July 2022 and on and from 1 August 2022 will be Zurich Australia Limited ABN 92 000 010 195 (the “Insurer”). (Death, TPD and salary continuance insurance)

Corporate

  • PricewaterhouseCoopers ABN 52 780 433 757 (Tax Adviser)
  • Deloitte ABN 34 112 958 031 (External auditor)
  • PricewaterhouseCoopers ABN  52 780 433 757 (Internal auditor)
  • Hall & Wilcox ABN 58 041 376 985
  • Holding Redlich ABN 15 364 527 724; and
  • Maddocks ABN 63 478 951 337 (legal advisers)

Direct Investment option platform

Provided by FNZ (Australia) Pty Limited ABN 67 138 819 119

IT services

Provided by Nerds on Time ABN 35 619 036 332

Temporary Residents: Transfer of benefits to the Australian Taxation Office (ATO) and exit statements
If you have entered Australia on a temporary resident visa and then depart from Australia, you generally have 6 months from date of departure to claim your superannuation benefit. If you do not make a claim in this period, the ATO may issue the Trustee with a notice to pay your superannuation benefit to the ATO. We are not required to issue you with an exit statement in this circumstance. However, on your request, we are required to provide you with the details of the payment to assist you in applying to the ATO for your super benefit.

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