LUCRF Super's Community Partnership Trust was launched in South Australia this week and now operates across four states.
South Australia Senator Anne McEwen made the announcement in Port Adelaide naming the inaugural community partners: Western Youth Centre Inc., and three men's "sheds" — Pooraka Farm Men's Shed, Willo's Men's Shed and Zebra Finch Aboriginal Men's Group.
LUCRF established the trust in 2010 to allow it to engage with the communities in which its members live and work. It was officially launched in November of that year by former Treasurer of Victoria and Minister for Financial Services, John Lenders, and has awarded 19 grants across 17 community partners so far.
Partners make a commitment through a Workplace Giving Program or as one-off contributions.
"We aim to make a real difference in people's lives and to inspire others to do similar things, because there are many people in our community who need a helping hand," LUCRF Super chief executive Greg Sword said.
"Through the Community Partnership Trust, LUCRF Super can develop further positive and sustainable relationships that extend beyond a transactional nature."
LUCRF community partners in Victoria include Doxa Youth Foundation, Youth Projects, Sister Francesca Healy Cottage, Upper Yarra Community House, NMIT — Work Education Centre and Spectrum Migration Resource Centre.
LUCRF supports Foundation House, Cawarra Women's Refuge, and Fitted for Work — Parramatta in NSW, and Operation Smile (Australia) and The Romero Centre in Brisbane.
Australia’s superannuation leaders gathered in Melbourne on Thursday for a closed-door forum tackling the escalating impact of artificial intelligence and shifting retirement income models on the sector.
The Treasurer has shown no signs of wavering on the construction of the controversial tax, while Liberal senator Jane Hume has urged the new economics team to “speak sense” to Jim Chalmers.
Volatile markets driven by shifting US tariff policy failed to rattle Australia’s superannuation system in April, with balanced options inching upward.
ASFA has urged greater transparency and fairness in the way superannuation levies are set and spent.