• Skip to primary navigation
  • Skip to main content
March 1, 2021
  • THE MAGAZINE OF THE NSW NURSES AND MIDWIVES’ ASSOCIATION
  • Home
    • Latest News
    • Featured News
    • Editorial
    • Lamp Archive
    • Lamp 2021
  • Professional Issues
    • Research
    • Education
    • Career
    • Registration
    • Students
    • Public Health
  • Specialities
    • Mental Health
    • Aged Care
    • Midwifery
    • Emergency
    • Drug and Alcohol
    • General
  • Workplace Issues
    • Ask Judith
    • Workplace News
    • Unions
  • Social Justice & Action
    • Climate Change and Environment
    • Community Campaigns
    • Member Stories
  • Life
    • Work
    • Offers
    • Travel
  • Conferences, Scholarships & Research
    • Jobs
  • Home
    • Latest News
    • Featured News
    • Editorial
    • Lamp Archive
    • Lamp 2021
  • Professional Issues
    • Research
    • Education
    • Career
    • Registration
    • Students
    • Public Health
  • Specialities
    • Mental Health
    • Aged Care
    • Midwifery
    • Emergency
    • Drug and Alcohol
    • General
  • Workplace Issues
    • Ask Judith
    • Workplace News
    • Unions
  • Social Justice & Action
    • Climate Change and Environment
    • Community Campaigns
    • Member Stories
  • Life
    • Work
    • Offers
    • Travel
  • Conferences, Scholarships & Research
    • Jobs
  • Home
  • Professional Issues
  • Specialities
  • Workplace Issues
  • Social Justice & Action
  • Life
  • Conferences, Scholarships & Research

Offers

Getting super focused

February 15, 2021 by Rayan Calimlim Leave a Comment

The older we get, the more clearly we’re able to see what our future might look like.

When you’re young, the idea of retirement is almost abstract. As we get older, a once blurry future comes into focus. This is true with retirement planning and our superannuation.

Studies have found humans have less patience for rewards that are delayed (Halevy 2008). However, as we age, we start thinking and acting more when it comes to retirement planning (Lusardi & Mitchel 2009).

Making that mental leap

So, how can you make the reward of a healthy super balance worth waiting for? It’s as easy as ticking off the three Cs:

Combine – if you have more than one super account, you’re paying more than one set of fees. By rolling your super into your HESTA account, it helps to stop your super being eroded by fees and build you balance. Combine your super now.

Contribute extra – thanks to the power of compounding (which you can check out by using our super projection calculator) money that you contribute today can be worth much more in the future. You can contribute either before tax via salary sacrifice, or after tax by making contributions straight into your HESTA account. Find out more about contributing extra.

Check how your super is invested – you can change how your super is invested in a few simple clicks. It’s worth taking the time to understand the best investment option for your age as it can have a huge impact on the balance of your super at retirement. Make a time to speak to a HESTA Super Adviser to find out what investment option might be best for where you’re at now.

Someone like future you

Check out what some of our members who are nearing or enjoying their retirement say when they reflect upon the journey they have taken with their super.

 

  “I didn’t really start to take much interest in my super until about 15 years ago. Super was something I let happen in the background. In hindsight I wish I would take the time to understand it much better. Then I could have contributed extra into my super earlier and been more in control by attending education seminars.”

 

Read Carol’s story >

  “Having money takes away a lot of stress as you get older. It is very important to salary sacrifice into your super. If your employer doesn’t offer that option, make your own contributions, you will never regret it. Always check your super balance and choose a reputable organisation like HESTA. It will take a lot of stress away from you.”

 

Read Thiramadura’s story >

 

 

“Superannuation has been very important to me throughout my working life. I have always contributed extra and this has enabled me to have a healthy superannuation balance in my retirement.”

 

Read Anna’s story >

Register for our free online webinar. Find out more about taking control of your super now. Learn more. 

This article was sponsored by HESTA.

National Telehealth Summit

February 8, 2021 by Rayan Calimlim Leave a Comment

Australia’s telehealth industry will play a significant role in future activity as Australia is seen as an ideal location for developing and trialling medical solutions due to its vast distance, remote settlements and multicultural society. Telehealth infrastructure will be key in driving the sector forward, as they pivot, scale, synergise and meet new demands quickly.

This event will be about exploring the key areas of opportunity for telehealth beyond COVID, recognising and debating the challenges and realities of widespread sustained adoption of telehealth and showcasing latest and greatest innovations.

Details are:

20-21 April 2021
Swissotel Sydney

Pricing:

Register at https://www.informa.com.au/registration/conference/national-telehealth-summit/

Magic Mike Live – Special $49 ticket offer

February 5, 2021 by Rayan Calimlim Leave a Comment

Now is the perfect time to grab your girlfriends and treat yourselves to the most thrilling and exhilarating night out, that’s long overdue. MAGIC MIKE LIVE is hot, hilarious and the good time you have been waiting for.

Magic Mike Live has created the world’s largest Spiegeltent, named The Arcadia, a beautiful, two storey, fully-customized venue where every seat, every finish, every detail has been meticulously curated by Channing and the Magic Mike Live creative team especially for the people of Australia. There’s really nothing else like it in the world.

Patrons are encouraged to come early and stay late to enjoy the unique indoor-outdoor atmosphere and delicious food and drink offerings.

A full bar with specialty cocktails and a selection of wine, prosecco and traditional cocktails will be available in The Arcadia lobby prior to the performance.

Magic Mike Live Now Playing in Sydney

NSW Nurses and Midwives Association members have exclusive access to discounted $49* tickets across all price reserves to select performances between the 7th  February 2021 – 21st February 2021.

Click here to redeem the special discount offer for NSWNMA Members.

(You will need to create or use and existing Ticketmaster account and your tickets will be sent to your mobile)

*A handling fee of $8.95 per transaction applies when booking online. Available on select performances and subject to availability.

HESTA is advocating for an end to modern slavery

November 11, 2020 by Rayan Calimlim Leave a Comment

This post was sponsored by HESTA.

The United Nations estimates that over 40 million workers in the world are suffering from some form of labour abuse, or modern slavery. Modern slavery includes forced labour, bonded labour or debt bondage, adult or child sex trafficking, domestic servitude, forced child labour or the use of child soldiers.

That’s why HESTA supports Australia’s Modern Slavery Act. The Modern Slavery Act compels companies of a certain size to make an annual public statement detailing how they have assessed the risk of slavery in their business operations.  It also asks something extra of superannuation and investment companies that we understand the risk of modern slavery in our investments as well as the way we operate.

Creating a better future for all

“We want to make sure that our investments help create a better future for our members through supporting a healthy economy, environment and society. So it’s important that all investors take this obligation seriously and really consider how the placement of capital can influence better outcomes for people globally,” says HESTA Head of Impact, Mary Delahunty.

“The existence of Modern Slavery represents a risk to major investors such as HESTA. We need to pay attention to what is going on behind the scenes, to know what is happening in our supply chains and to influence change where we can.

”To achieve a greater understanding of where our risks might be, we have looked at the business in three ways. Firstly, at HESTA we always assess our role as a good employer.  We look also at who we are doing business with through our procurement.  Secondly, we have partnered with Social Traders to make sure we have access to businesses accredited as social ventures.  And thirdly, we look at our investments.  We have conducted research to determine the sectors and the geographic areas that present the greatest risk.  Over the coming year we will work diligently to better understand these risks and remedy them where we can,” says Mary.

The first HESTA Modern Slavery Statement will be available from 31 March 2021.

“Financial services providers have a big role to play in tackling these human rights abuses,” says Mary. “Through HESTA Impact we seek to drive real world positive outcomes using corporate responsibility, responsible investment and advocacy in relation to risks of modern slavery.

“This aligns closely with our support of the UN Sustainable Development Goals (SDGs), particularly SDG 8- Decent Work and SDG5 – Gender Equality.”

Join the fund that invests for impact. Start here.

* Australian Council of Superannuation Investors 2020.

Issued by H.E.S.T. Australia Ltd ABN 66 006 818 695 AFSL 235249, the Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.

This information is of a general nature. It does not take into account your objectives, financial situation or specific needs so you should look at your own financial position and requirements before making a decision. You may wish to consult an adviser when doing this. Before making a decision about HESTA products you should read the relevant product disclosure statement (call 1800 813 327 or visit hesta.com.au for a copy), and consider any relevant risks (hesta.com.au/understandingrisk).

 

Protecting our shared future

October 20, 2020 by Rayan Calimlim Leave a Comment

We’re working to protect your investments – and create a better future.

This post was proudly sponsored by HESTA. 

We don’t shy away from asking the tough questions of companies when we think they’re not appropriately managing a risk that could impact your investment.

That’s because you’re effectively an owner of these companies through your super. So, we want to make sure we’re maximising your returns but that it doesn’t come at the cost of the environment or society.

As a very long-term investor, we know that, if a company isn’t making profits fairly, then this will eventually damage its value and impact the broader wellbeing of our members and the community.

Improving your investments and the way companies behave

When our investment experts identify a potential risk to a company, we meet with their Board and management to see what action they’re taking. Where we don’t see appropriate steps being taken, we can use share voting to push for change.

“We’ve seen a lot of recent examples where poor corporate practices and culture have revealed clear financial risks to a company’s long-term value,” says HESTA Head of Impact, Mary Delahunty.

“By using our influence as a shareholder, we can achieve improvements at that company but we can also send a strong signal to other companies that can improve corporate behaviour more broadly.

“The aim is to achieve better long-term performance across your investments and encourage a fairer and more equitable society that benefits HESTA members and all Australians.”

Taking a stand to protect Aboriginal heritage

A recent example is the action we took when mining company Rio Tinto destroyed a 46,000-year-old Aboriginal rock shelters at Juukan Gorge. HESTA immediately called for Rio’s Board to address issues surrounding the company’s treatment of traditional owners. But we also identified a much broader systemic risk in how mining and energy companies were working with Traditional Owners when it came to heritage protection.

We released a Statement on Working with Indigenous Communities detailing our investor expectations around how companies manage risks associated with Indigenous heritage protection issues.

“As a result of the destruction of the Juukan Gorge caves, we’ve embarked on a direct engagement program with companies in the mining and energy sectors to ensure fair and sustainable outcomes for Indigenous communities. This not only helps protects priceless heritage, but also our members’ investments,” says Mary.

HESTA is now working with others to push for Rio to conduct an independent review of all it’s agreements with traditional owners.

“We will continue our work to get Rio and, if necessary, other mining companies to improve their practices. We want to ensure companies have respectful and sustainable long-term partnerships with Indigenous Communities and that agreements provide fair outcomes to all parties,” says Mary.

There’s financial risk when companies don’t act fairly

We expect the companies we invest in on your behalf to maintain a strong sense of fairness, particularly when it comes to their employees.

Not doing so, exposes companies to financial risk, which can detract from their long-term value. Financial risks include lower employee engagement, an inability to attract and retain talent, and more broadly not meeting societies’ expectations.

Our investment experts assess whether a company is managing for these risks by looking at gender equality and diversity as indicators of fairness. That’s because there’s a lot of evidence that companies with strong cultures that foster inclusion and diversity have better decision making, which leads to stronger long-term performance. And this will have a positive impact on our members’ investments and their financial future.

In early October, HESTA launched 40:40 Vision: an investor-led initiative to achieve gender balance in executive leadership across Australia’s largest 200 listed companies.  Already we’ve had investors representing more than $1 trillion in assets support our vision to achieve a target of at least 40% women, 40% men and 20% of any gender across the senior leadership of all ASX200 companies by 2030.

We believe targets like this are needed because progress towards more women in leadership has been so slow. Just 30 ASX200 companies achieved gender balance (at least 40% women) in 2020. If we don’t act now, it will be another 80 years before we see equal representation of women and men at CEO level, and similarly in executive leadership.*

Bankwest Curtin Economics Centre’s Gender Equity Insights 2019 report

We’re creating better futures for our members. Find out more about HESTA Impact. Start here. 

Issued by H.E.S.T. Australia Ltd ABN 66 006 818 695 AFSL 235249, the Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.

This information is of a general nature. It does not take into account your objectives, financial situation or specific needs so you should look at your own financial position and requirements before making a decision. You may wish to consult an adviser when doing this. Before making a decision about HESTA products you should read the relevant product disclosure statement (call 1800 813 327 or visit hesta.com.au for a copy), and consider any relevant risks (hesta.com.au/understandingrisk).

Ticket Giveaway: Never Too Late

October 7, 2020 by Rayan Calimlim Leave a Comment

NSW Nurses and Midwives’ Association members can go into the running to win a double pass to see “Never Too Late”.

It has been a long time since Caine, Bronson, Angus and Wendell, AKA, ‘The Chain Breakers’, escaped the torturous Vietnamese POW camp. They now find themselves sharing a new prison, The Hogan Hills Retirement Home for Returned Veterans.

Each of the boys has an unrealised dream they want to achieve before it’s too late. So, once again they band together to devise a plan to escape this new hell. But the rules of engagement have changed, in fact, they can’t even remember what they were and that’s half the problem.

Never Too Late is a cross between Grumpy Old Men and The Great Escape, about four mates reconciling after years apart to teach each other that it’s never too late, no matter how old you are, to chase your dreams.

NSWNMA members can win a double pass to see this movie. All you have to do is send in your name and member number to lamp@nswnma.asn.au by Friday 16 October. To join the Association, click here. 

  • Go to page 1
  • Go to page 2
  • Go to Next Page »

Footer Content 01





Footer Content 02

The Lamp is the magazine of the NSW Nurses and Midwives’ Association. It is published bi-monthly and mailed to every member of the Association.

Footer Menu 01

About

NSWNMA
Careers
Terms of Use
Privacy Policy

Footer Menu 02

Contact

Contact Us

Footer Menu 03

Advertising

Advertising

Copyright © 2021 NSW Nurses and Midwives’ Association. Authorised by B.Holmes, General Secretary, NSW Nurses and Midwives’ Association, 50 O’Dea Avenue Waterloo NSW 2017 Australia.
Design and Development by Slant Agency