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What’s New

Home - Protect: Severance and Income Protection benefits

Protect APP Update

July 31, 2017

Have you been wondering when the new Protect App will be available?
Well we are currently in the testing stage for the App and subject to no major issues being found we should be releasing the App in the next few weeks. If you wish to receive an email when the App is launched and ready for you please send an email to protectapp@protect.net.au with your full name and member number and we will send you an email when the launch is imminent.



Genuine Redundancy accounts tax free threshold for 2017/2018

July 01, 2017

$10,155 for the initial year, $5078 for each full year of service with your employer.



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.


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