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Home - Protect: Severance and Income Protection benefits

Establishment of Protect Severance Scheme No 2

June 09, 2017

From 1 July 2017, Protect will undergo a restructure which will see the introduction of a new approved worker entitlement fund, Protect Severance Scheme No 2 Pty Ltd as trustee for Protect Severance Scheme No 2 (Protect No 2). The new fund rules will be the same as Protect’s existing fund, Elecnet (Aust) Pty Ltd as trustee for Protect Severance Scheme (Protect No1), operated and managed by the existing Board of Directors, and have the same sponsors, employer and union representatives.

In order to avoid financial jargon, we wanted to keep the message clear and simple for our members – while the ABN may change, Protect members can be assured that this will not impact your entitlements; you will still have one Protect account with one statement and one account balance.

All new members who join Protect from the 1st July onward will come under Protect No 2 and all employer contributions after this date will be to Protect No 2.
When the time comes for members to lodge a claim, the payout will be a combined from both Protect No 1 and Protect No 2.

In case of any questions on this, please call Protect on 1300 344 249.

Vale Alex McCallum

May 26, 2017

The Board and staff of Protect are deeply saddened by the sudden loss of former CEO Alex McCallum on May 24. Alex led Protect from October 2009 until his recent retirement in April 2017, steering the Fund out of the turbulent times of the GFC.

Alex oversaw the transition of Protect from outsourced administration to the in-house team we have today. As a result all current staff were employed by Alex.

Alex championed Protect's support and sponsorship of Disability Sport & Recreation and greatly helped educate the Protect community to understand and appreciate the work of this organisation.

Our thoughts are with Alex's family, including his wife Mary Ann, a friend to many of our staff.

Our condolences also go out to the many industry contacts who worked with Alex, particularly those in the ETU and NECA who in some cases knew Alex for decades.

New Protect Phone Apps Coming Soon!

May 17, 2017

Protect will be launching new phone apps in June, for both iOS and Android platforms.

The new apps will be a completely new design, containing all functionality from the existing app as well as new significant enhancements.

The main new feature is the ability to make a severance claim via your Apple or Android smartphone. There is no need to call us, complete a form, or even jump onto a computer. This feature will be undoubtedly be the most convenient and fastest way to access your cash.

Users of the existing app will notice that it is no longer working following the upgrade of the ProtectNET system in April. We ask that you please delete the existing app, and install the new app when it is released.

Further updates will follow as we approach launch-date via ProtectNET, the Protect website, and in your mid-year newsletter.

In the meantime, we appreciate your patience whilst the new app is completed.

ProtectNET Upgrade Complete - New Menu Icon

April 07, 2017

The ProtectNET upgrade is now completed.

As part of the upgrade, the menu is now accessible by selecting the icon on the top left hand corner of your screen.

Thank you for your patience during the upgrade period.

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