Managing Your Fund

Your Trustee

The Trustee is responsible for the overall operation of the Fund and ensuring that it operates within the rules of the Trust Deed and relevant Government legislation. The Trustee is committed to making decisions that are in the best interests of members.

There are ten Directors on the Trustee Board comprising:

  • four member-representative Directors appointed by the Maritime Union of Australia (MUA)
  • two employer-representative Directors elected by Participating Employers of the seafaring industry
  • two employer-representative Directors appointed by Full Participating Employers of the stevedoring industry; and
  • two independent Directors appointed by the other Directors under the Trustee company’s constitution.

The Trustee Board meets every two months throughout the year. The following details the Directors on the Trustee Board as at 30 June 2020. Changes are reported on our website.

Board of Directors as at 30 June 2020

Member representatives

  • Paddy Crumlin (Chair)
  • Mick Doleman
  • Paul Garrett
  • Jamie Newlyn

Employer representatives – seafaring industry

  • Jeffrey Weber
  • Tony Wilks

Employer representatives – stevedoring industry

  • Sam Kaplan
  • Jason Varsamidis

Independent Directors

  • Lynelle Briggs
  • Norman Pack

Alternate Directors

Alternate member representatives

The MUA may appoint an alternate Director to act in place of any of the member representatives. At 30 June 2020, the alternative member-representative Director was:

  • Will Tracey

Alternate employer representatives

The participating employers may appoint an alternate Director to act in place of employer representatives. At 30 June 2020, the alternative employer-representative Directors appointed were:

  • Jessica Blomfield
  • Elizabeth Buckey
  • Michael Jovicic

Alternate directors who left the Trustee Board during the 2019/20 financial year

David Owen (resigned 31 January 2020)


Board gender diversity:

Male                 79%
Female             21%

Corporate governance

The Trustee Board is also assisted by the following Board Committees:

  • Audit and Risk Committee
  • Benefits Committee
  • Investment Committee
  • Marketing Committee
  • Mergers and Alliances Committee; and
  • Nominations and Remuneration Committee.

Each of these committees has its own charter of responsibilities and reports to the Trustee Board with recommendations for full Board discussion and decision.

Fund operations

The Fund’s administration, accounting, communication and financial planning services are provided by Maritime Financial Services Pty Limited (MFS), which is a wholly-owned subsidiary of the Trustee and holds an Australian Financial Services (AFS) Licence (granted by ASIC, No. 241735). As an AFS licensee, MFS has arrangements in place to ensure it complies with its licence obligations.

Professional indemnity insurance

The Trustee has taken out insurance to indemnify the Directors (and other responsible officers) from loss resulting from any claim made against the Trustee for any wrongful act of the Trustee or any other person for whose wrongful act the Trustee is legally responsible. The Directors, however, are not indemnified against fines or penalties imposed by law as a result of negligent or dishonest conduct.