REST Industry Super has partnered with the Franchise Council of Australia (FCA) as its preferred super provider and will help reduce the administrative burden of super compliance.
REST's chief executive, Damian Hill, said REST will provide access to a third party clearing house to enable REST employers to pay their super contributions for all employees electronically with one file and one payment.
"The alliance also means we can now directly offer FCA's members access to our award winning REST Super product, which includes flexible cover, specifically designed for young, low income earners in part-time or casual employment," Hill said.
FCA general manager, Kym DeBritt, noted that the franchise sector employs more than 460,000 people across 1160 franchise systems, and an estimated 79,000 franchise units.
The super fund has appointed Queensland director and super fund executive Brendan O’Farrell to its board as part of its ongoing governance renewal.
The $205 billion super fund has appointed Simon Warner as chief investment officer (CIO) following a global search to replace outgoing Damian Graham.
Industry super fund Rest has appointed an interim head of private markets following the exit of Simon Esposito.
Two former Statewide Super executives have been acquitted of dishonesty charges following a trial in the District Court of South Australia.