About Protect - Protect: Severance and Income Protection benefits
|For more than ten years, Protect has been setting the pace for industry severance schemes with higher benefits and access to tax-free redundancy payments.|
|Protect was Australia's first industry severance scheme to offer members the choice of two account options, including access to significant tax concessions if their job is made redundant.|
Each week, participating employers make severance contributions to Protect on behalf of their employees. The amount each employer is required to contribute is determined by an enterprise bargaining agreement (EBA).
Protect severance benefits are held in trust and are capital guaranteed. So unlike superannuation or shares investments, Protect members can rest assured that their severance entitlements will not be hit by market downturns.
The superior benefits of the Protect severance fund and Protect injury / illness insurance means Protect is the industry scheme preferred by an ever-growing number of workers and employers throughout the nation.
Protect is now backed by the group purchasing power of over 30,000 members and more than 1,000 participating employers in many diverse industries including electrical trades, maritime, construction, service maintenance, manufacturing, rail, power, supply and distribution and oil and petrochemical.