About ASFA

ASFA Governance

1. ASFA Board members are elected under the ASFA Constitution and represent all sectors.
2. After the conclusion of each AGM, Board members meet to elect a new Chair of the Board and a Chair of the Committees as specified in the Constitution (Policy, Member Services, Administration and Finance). It is open to the Board to elect a Deputy Chair of the Board if it wishes.
3. Board members should disclose conflicts (such as membership of a competitive association) that would materially impact on their ability to discharge their obligations and the Board determines how those conflicts are dealt with.
4. The CEO of ASFA is selected by the Board and has the authority to manage the business.
   
   The CEO’s KPIs will be actively monitored through the relevant Committee that reports to the Board (see 6. below).
5. The Board is responsible for governance and strategy, ensuring proper processes are in place in relation to the management of the operations and delivering strategy.
6. Committees that report to the Board ("Committees of the Board") are:
   • Policy
   • Administration and Finance
   • Member Services Committee
   • HR and Remuneration
   • Conference Program Committee
   • Conference Plenary Committee
7. Committees of the Board that comprise of Board members only are:
   • Policy
   • Administration and Finance
   • HR and Remuneration
   The Member Services Committee comprises at least 2 Board members, plus the Chair of each State Executive, Chair of EPARC and Chair of the Superfunds Editorial Committee.
8. The Board Chair, CEO and GM Conference and Events must establish a Conference Program Committee and Conference Plenary Committee that include ASFA members. The Chair of the Plenary Committee is the ASFA CEO.
9. The Board members allocated to Committees of the Board are determined by the ASFA Chair in consultation with the CEO and Board.
10. The Charters of the Policy, Administration and Finance, Member Services and HR and Remuneration Committees may authorise sub-committees or working groups to be created. The CEO recommends the composition of the sub-committees or working groups to the relevant Committee Chair for approval.
11. As a representative organisation, ASFA aims for committees to be inclusive and the views of a broad range of the membership to be heard. Committees of the Board and those sub-committees or working groups reporting through to Committees of the Board should consider representativeness of:
    1. Sectors
    2. Geographical base and
    3. Size of business
    Persons who are members of the State Executives should be actively considered for roles on committees (providing they are appropriately qualified) as a means of promoting active engagement with the States, acknowledgement of the work they undertake and proactive conduit of member views back to the Board and ASFA Secretariat.
12. There are authorised spokespersons on behalf of ASFA and as per prior Board decisions, they are:
    Chair
    Chair, Policy Committee
    CEO
    Deputy CEO (if applicable)
    Director, Policy & Industry Practice
    Director, Research
13. A Board Calendar will ensure the Board considers all elements of the business in an appropriate timeframe.
    February
    April
    June - approve Budget for forthcoming year
    August - approve election process, approve financial statements and discuss findings with auditor
    October
    November - AGM and elect office bearers
    December

Download: Constitution of The Association of Superannuation Funds of Australia Limited
(as amended up to 15 November 2007)