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.
The Super Members Council has outlined a bold reform plan to boost productivity, lift retirement savings, and unlock super’s full potential.
Women beginning their careers in 2025 could retire with hundreds of thousands of dollars more in super due to the 12 per cent super guarantee rate, HESTA modelling shows.
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.