Severance and Income Protection
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.
Today, Protect is Australia's only industry severance scheme offering 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 almost 30,000 members and more than 1,000 participating employers in many diverse industries including construction, service maintenance, manufacturing, rail, power, supply and distribution and oil and petrochemical.
Protect is here to help both members and participating employers involved in the trades sector throughout Australia.
Contact Protect if you have an enquiry about your severance account, membership of the scheme or you wish to become a participating employer.
Ground Floor, 200 Arden Street
North Melbourne VIC 3051
Phone: 1300 344 249
Fax: (03) 9326 8736