About Protect - Protect: Severance and Income Protection benefits
|We are Australia’s leading industry severance scheme, setting the pace for over 15 years across industries including electrical, manufacturing, maritime, rail and construction.|
|Our primary purpose is to support workers and their families during any period of unemployment, illness, injury or personal difficulty. We aim to achieve this by offering a range of services, including:|
|To join Protect, employers must pay severance contributions and/or income protection insurance premiums to us (on the behalf of their workers) in accordance with a certified industrial agreement.|
Governed by a Trust Deed and the regulation of the Australian Taxation Office (ATO), the Protect Board of Directors comprises independent representation, and nominees of the Victorian branches of the Electrical Trades Union (ETU) and National Electrical & Communications Association (NECA).
The Protect Board meets regularly to review the scheme’s operations, in consultation with external investment, legal and accounting experts. This ensures a responsible and balanced approach to both investment and the future direction of the scheme. The Protect Board and staff are committed to pursuing a wide range of initiatives to improve the benefits and operations of the scheme for both employers and workers.
Protect is the industry scheme preferred by more than 30,000 workers and 1,200 employers throughout Australia.