The Timber Industry Superannuation Scheme (TISS) is the industry
superannuation fund for the Forestry& Furnishing Products
Industry and is 100% owned by members.
TISS specialises in managing superannuation savings for workers
in the Forestry & Furnishing Products Division.
TISS Pty Ltd is the trustee company which manages the fund and
ensures its operation is in accordance with the Trust Deed and
regulations set down under the Superannuation Industry (Supervision)
Act.
The TISS Directors comprise equal numbers of Union and employer
representatives representing both employees and employers of
the Forestry & Furnishing Products Industry.
TISS Performance
Over the past 15 years TISS has credited an average of
9.24% after tax and charges to member’s accounts in the main
diversified fund, with a strong 11.53%
after tax rate for the 1999/2000 year. This highlights the level
of consistency and strength within the TISS fund.
TISS Services
Workers who are not associated with the Forestry & Furnishing
Products Industry can now become a member of TISS and enjoy
all the benefits TISS brings.
Ensures members have the ability to choose their own style of
investment from 3 options which are:
1) TISS Secure option
2)
TISS Diversified Growth option
3) TISS Shares Option
Enables members to access a number of Loan facilities through Members Equity including:
Members Equity Super Members Home Loans with low variable loan rates.
Members Equity MasterCard
Members Equity Personal Loan
Members Equity InterestME Savings Account
Provides another way to assist in the further growth of the
industry by employers accessing Super Business Loans (SBL) through
Members Equity Super Business Loans.
Members currently have access to 24 hour
Total and Permanent Disability (TPD) and Death Cover up to
$255,600 depending on your age and other conditions.
Costs
Account keeping fee: $1.00 per week.
The account keeping fee is deducted from your account each month and does not increase as your account balance grows.
The Fund does not levy any agent's fees or commissions. There are no entry fees, or fees to accept rollovers.
This rate has not changed in the last nine years demonstrating TISS's strong commitment to its members and maintaining one of TISS's aims
of ensuring fees and costs are kept to a minimum whilst still
providing an excellent level of quality service.
Contributions
Presently, member's contributions are not taxed through TISS
and members can contribute as much as they wish and at any
time. Members can also stop and start contributions at any
time and make contributions on behalf of their spouse into TISS.
Employer Contributions
Under the Superannuation Guarantee the amount an employer contributes to your super account rose from 8% to 9% of wages on 1 July 2002.
Telephone Enquiries
1300 360 988 (local call cost anywhere in Australia)
TISS Administration Offices.
TISS Fund Secretary
David Goodear
1 Gratton Street
Carlton Victoria 3053
Victoria - Clint Healey
1st Floor, 500 Swanston Street
Carlton VIC 3000
New South Wales - Sharon Brown
Level 2,
13-15 Wentworth Avenue
SYDNEY NSW 2000
South Australia/Tasmania
Quentin Cook
237 Wellington Street
Launceston TAS 7004
Administrator's Office - Victoria
1 Grattan Street
Carlton Vic 3053
All correspondence should be sent to:
GPO Box 666
Carlton Vic 3053
All Telephone & Fax Enquiries
Phone: 1300 360 988
Fax: 1300 362 899
For the cost of a local call from anywhere in Australia
