Home' Australian Ageing Agenda : AAA Jan-Feb 2017 Contents Issued by H.E .S.T Australia Ltd ABN 66 006 818 695 AFSL No. 235249, the Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Issued by H.E .S.T. Australia Ltd ABN 66 006 818 695 AFSL 235249, the Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321. For
more information, call 1800 813 327 or visit hesta.com.au for a copy of a Product Disclosure Statement which should be considered when making a decision about
HESTA products. You may wish to consult an adviser when doing this. Before making a decision about HESTA products you should read the relevant Product
Disclosure Statement (call 1800 813 327 or visit hesta.com .au for a copy), and consider all relevant risks (hesta.com.au/understandingrisk).
HESTA is a strong advocate for making super more
equitable for all, particularly women and the lower paid.
Many of HESTA’s members work part-time or casual roles,
and need to fill savings gaps.
On average, women retire with just over half the super
of men and we aim to close this super gender gap. More
than eighty percent of HESTA’s members are women, and
the fund has a long history of advocating on behalf of
members about issues that impact them most.
HESTA is at the forefront of current political debate,
examining why women retire with less than men.
We strongly advocated on behalf of our members at
the Senate inquiry into the economic security of women
in retirement. This inquiry examined why women retire
with significantly less super than men and what changes
could be made to improve the system.
HESTA’s submission stressed that the wage gap between
men and women remains the biggest factor in women
retiring with less than men.
“ The gap in super savings that women experience is not
due to the choices they make – the main causes are the
gender pay gap that sees women earning less than their
male counterparts and unpaid time out of the workforce”
says HESTA CEO, Debby Blakey.
The vast majority of HESTA’s more than 820,000 members
are women working in health and community services,
where the gender pay gap is 27.7%, according to figures
from the Workplace Gender Equality Agency.
“Super is there for every Australian and the conversation
needs to start including low-income earners and
women”, adds Debby.
Closing the pay gap is clearly vital and must be tackled
through structural and societal changes.
WE’RE HERE FOR YOU
With more than 820,000
members and $36 billion
in assets, we’ve learned
a thing or two about
looking after our
members. As a specialist
industry super fund
dedicated to health and
community services, we
know what makes our
Join HESTA at
call us on 1800 813 327.
Call for submissions
The next issue of Australian Ageing
Agenda (March-April) is reporting on
the following topics and as always we
encourage input from our readers.
Investment & revenue
We’re interested in hearing from
experts or providers with a story to tell
in areas including: financial health,
business future proofing, investment
strategies and board governance.
Environmental efficiency &
We’re looking for best practice or
latest research in environmental
sustainability including: recycling, eco-
friendly materials and services, energy
use reduction, water efficiency and
We want to hear from researchers
or leading practitioners with
latest knowledge to share in falls
prevention, including areas such as
rehabilitation, prevention, balance and
If you have a story to share in these
areas then get in touch with us:
“We are quite interested in finding a way breaking out of that.”
Dr Nick Hartland on the unhealthy relationship between the sector and
department over ACFI saga.
“I find it quite repugnant that a third of a package
goes towards the administration of the service.
That should not happen.”
Seniors advocate Everald Compton criticising home care package admin fees.
“No more family pussy footing – elder abuse in all its
insidious forms should be a crime, period.”
Lawyer Brian Herd on the Australian Law Reform Commission’s
elder abuse inquiry.
“People missing out include some living in rural areas
and in aged care facilities, some Aboriginal and
Torres Strait Islanders and people from culturally
diverse backgrounds, as well as people with dementia
and other non-cancer life-limiting conditions.”
Palliative Care Australia CEO Liz Callaghan on proposals from the
Productivity Commission for greater competition in palliative care.
“We need leaders who will not only pursue continuous
improvement but support and engage in specific
research to build a better way of caring.”
Mercy Health CEO Stephen Cornelissen after being named the
2016 CEO of the Year
australianageingagenda.com.au | 7
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