About Protect

We are governed by a trust deed and the regulation of the Australian Tax Office


Governance - Protect: Severance and Income Protection benefits

Protect Severance Scheme No 2 Pty Ltd as trustee for Protect Severance Scheme No 2 (trading as Protect) is an Approved Worker Entitlement Fund that fully complies with regulations under the Income Tax Assessment Act.

The Trust Deed sets out the rules and obligations of the Fund and together with Corporations Law is the cornerstone of our strong governance position and agenda.

Protect takes governance seriously and for this reason has appointed two independent Directors including the Chair of the Board and conducts business and has policies that are in accordance with best practice governance principles and are aligned with our values and vision to be the best worker entitlement fund in Australia.

More information on our policies and governance will be available on our new website, launching later this year.

Legislation Update and Senate Committee Submission

The Fair Work Laws Amendment (Proper Use of Worker Benefits) Bill 2019 is currently before Parliament, which will seek to regulate Worker Entitlement Funds such as Protect. The Bill has been referred to the Senate’s Standing Committee on Education and Employment. Protect has made a written submission to the Committee.

The Executive Summary of our submission is viewable at this link.

The full submission will be made available on the Senate Committee’s website: aph.gov.au

Download Protect operational materials