As part of the Government’s reforms to superannuation, a Superannuation Commission has been established to oversee the administration of the public sector defined benefit scheme from 31 March next year.
The Government is pleased to announce the inaugural chair of the Commission is Ms Kerry Adby. Ms Adby has extensive experience in defined benefit superannuation schemes and wide exposure to governance and board roles in the superannuation sector in Australia and internationally.
Ms Adby is the Managing Director of Copernican Securities Pty Ltd, a specialist consultancy providing capital markets, investment, corporate and strategic advisory services in Australia and in Asia for private and public sector clients. Ms Adby also serves as a director on the Macquarie Point Development Corporation and chairs its Audit and Risk Committee.
Ms Adby was identified through a national recruitment process, with the selection panel comprising the Secretary of Treasury, the Deputy Secretary of DPAC, Mike Blake (former Auditor-General and representatives from Unions Tasmania and the Tasmanian Association of State Superannuants.
The appointment is for three years and Ms Adby will sit on the RBF Board during the transition period prior to the commencement of the new arrangements on 31 March 2017.
Shortly, the Government will appoint two more commissioners and will seek input from Unions Tasmania and the Tasmanian Association of State Superannuants in relation to nominations.