ANNUAL REPORT 2016–17

YEARBOOK

Message From The Chair 2

Proud To Be Your Industry Super Fund 4

Investment Performance Update 5

Celebrating 30 Years 6

Your Community 14

Partnerships 15

Honour Roll 16

#Kicking Your Goals 20

Movies & TV 26

Planning Your Future 33

Meet Your BDMs 38

Media Super And Industry News 40

ANNUAL REPORT

The Year In Review 42

Investment Performance 44

Your Trustee Directors 46

Your Executive Team 52

Attendance And Remuneration 54

How Your Super Is Invested 56

Who Manages Your Money 75

Investment Holdings 79

Financial Statements 82

For Your Information 84

Thirty years ago, Media Super took its first steps towards establishing industry superannuation funds to manage and invest the retirement savings of printers, journalists, actors and musicians.

The funds were called Print Super, JUST Super and JEST Super (they were rather more whimsical days) which over time merged into the one fund known as Media Super.

In the early days, it was tough going, as there was considerable conservative opposition to setting up such funds for ordinary working people in the private sector. Superannuation was not all that common – in many areas, it was seen as a perk for the privileged few, and where it existed, the rules were often loaded against working people taking it up.

We were very active in making sure that the funds were ‘all profit to members’, to make sure that all the money – member contributions as well as investment earnings, less the amount it cost to administer the fund – went back into the account of each member.

It’s something we’ve proudly maintained as the very core of Media Super – we’re an industry fund aiming to ensure all profits go to our members, and not to other stakeholders, like shareholders of banks or other financial institutions.

MESSAGE FROM THE CHAIR

We accept the simple arithmetic of this as an article of faith. The more money you can have working for you in your account over a long period, the greater the compounding effect and the greater the end benefit.

And your Media Super executives and the fund’s governing body, the Media Super Board, are well grounded in the very industries in which you work.

Overwhelmingly, Media Super Board members are drawn from employers and unions which represent the interests of employees and contractors in the printing, media and entertainment sectors. It’s called equal representation and we think it works very effectively to protect your interests.

So how have we fared over the years?

Since we were first formed in the 1980s, the fund has returned an average annual return to members of 8.38%* for our Balanced (MySuper) investment option to 30 June 2017 (after taxes and fees).

So that’s really the nicest thing about our 30th birthday – being able to offer our members such a significant present.

Gerard NoonanChair, Media Super

Having a birthday is usually fun – and a 30th birthday has the pleasant combination of youthful exuberance and growing maturity.

*Investment returns are not guaranteed. Past performance gives no indication of future performance.

2 / MESSAGE FROM THE CHAIR

‘It’s something we’ve proudly maintained as the very core of Media Super – we’re an industry fund aiming to ensure all profits go to our members, and not to other stakeholders, like shareholders of banks or other financial institutions.’

Media Super has a long history in the print, media, entertainment and arts sectors, with our roots tracing back to 1987, in the early years of what became Australia’s modern day superannuation system.

While aspects of the super system may have changed over the past 30 years, one important thing hasn’t – industry super funds are still run only to benefit members.

At Media Super, we don’t pay profits to shareholders and you can have confidence that we’re always working with our members’ best interests in mind – so the only people who benefit from your super are you and your family.

WE UNDERSTAND AND SUPPORT YOUR INDUSTRY

Media Super is deeply ingrained with and connected to our industries.

We are governed by our trustee Board of Directors, with representatives appointed by key bodies within the print, media, entertainment and arts sectors of Australia’s creative community.

As well as helping our members achieve financial security in retirement, we partner with organisations and groups in support of a variety of talent and professional development programs and industry awards.

THE INDUSTRY SUPERFUNDS FAMILY

We’re part of a larger group of Industry SuperFunds, working together on research, policy development, government relations, member education and communications, and advocacy to improve the superannuation system for all Australians.

To learn more about how Industry SuperFunds work for members, visit industrysuper.com.

PROUD TO BE YOUR INDUSTRY SUPER FUND

We’re proud to be an industry super fund, run only to benefit our members and dedicated to our community of industries.

4 / PROUD TO BE YOUR INDUSTRY FUND

INVESTMENT STRATEGY HITS THE RIGHT NOTE WITH STRONG 2016–17 RETURNSMedia Super’s investment strategy delivered strong returns for members in 2016–17, with both our super and pension (default) Balanced options finished in the top 15 Australian super funds.1

Our Balanced (MySuper) option – in which most members are invested – returned 11.53%3 for the financial year to 30 June 2017, well ahead of the median return of 10.53%.1

The pension Balanced investment option also continues to perform strongly, returning 12.49%3 for the financial year to 30 June 2017, also well ahead of the median return of 11.23%.2

In an environment of continuing moderate economic growth, low interest rates and low inflation, we are not likely to see another year of double digit returns in 2017-18; but super is a long-term investment and we’re focused on long-term investment objectives and returns.

Over the past three years we have worked to enhance our investment strategy and significantly improved our performance, in pursuit of that

long-term goal. We’re confident we have the right strategy to help you achieve your retirement goals.

For investment performance information on all of Media Super’s investment options, turn to page 44.

For more details about how major global events and the economic environment shaped 2016-17 investment returns, please read the Year In Review on page 42.

1. SuperRatings Fund Crediting Rate Survey – SR50 Balanced options (60-76) Index, June 2017.

2. SuperRatings Fund Crediting Rate Survey – SRP50 Balanced options (60-76) Index, June 2017.

3. Investment returns are not guaranteed and past performance gives no indication of future returns.

† Based on returns of the Balanced investment option from 1 January 1987 to 30 June 2017, after fees and taxes. Historical returns before 1 July 2008 are based on former Print Super investment returns.

25.0%

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15.0%

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1987

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8.38%per year since

inception†

INVESTMENT PERFORMANCE UPDATE | 5

CELEBRATING30 YEARS

Since 1987, Media Super has been working with and for our members in the print, media, entertainment and arts industries. We’ve been

through a lot of changes together in 30 years and we look forward to many more years together.

6 | 30 YEARS

In 1987, Print Super and JUST formed as the industry funds for printing and packaging industries and the media, entertainment and arts sectors respectively.

In the beginning…Australia has one of the best retirement savings systems in the world, but it wasn’t too long ago that only 39% of the workforce had access to superannuation.

Before the mid-1980s, eligibility for super was limited by a worker’s age, gender, occupation and work status. While some high income, white collar employees and public servants could access old-style pension funds, women and blue-collar workers were poorly represented and significantly disadvantaged.

In 1987 a mandatory 3% super requirement was introduced into industrial awards, and Print Super and JUST were established to represent members in their industries.

Print Super first began as a jointly sponsored arrangement between the Printing Industries Association of Australia (PIAA) and Printing & Kindred Industries Union (PKIU), which later became the Printing Division of the Australian Manufacturing Workers’ Union (AMWU). Membership was initially limited to current and past employees and spouses of participating employers, but 2005 legislation changes opened membership up to those employed in other industries and self-employed workers for the first time.

JUST originally represented media and journalism professionals. Then in 1992 the Australian Journalists Association, Actors Equity and the Australian Theatrical & Amusement Employees Association merged to form the current Media Entertainment and Arts Alliance (MEAA), and logically JUST merged with JEST (the Joint Entertainers Superannuation Trust). JUST didn’t only provide super for traditionally employed media and entertainment professionals, they also had a self-

funded plan for freelance and self-employed workers entitled to super under an award or agreement.

While the early super system was a big step forward for Australian workers, there were shortfalls in the system. In July 1992 the federal government introduced the Superannuation Guarantee, which made it compulsory for all employees earning more than $450 a month. The Superannuation Guarantee started at 3%, rising to 9% over the following 10 years.

In 2008, Print Super and JUST merged and Media Super was born, bringing together our community of creators, makers and informers.

And 30 years later, we’re still working for youFor three decades we’ve been through both the good and the bad with you, as each of our industries has gone through significant changes and faced unique challenges, all the while helping our members save for their retirement and prepare for life after work.

But our commitment runs deeper than that – with the support and representation from our Board, we’ve been proudly supporting your industries through partnerships, talent programs and awards to help you excel professionally and celebrate your achievements.

Read on to hear from some of our members who have been part of the fund for three decades.

30 YEARS OF MAKING A DIFFERENCE

As the industry super fund for the print, media, entertainment and arts industries, we’ve been proudly providing super and pension products to our members for 30 years.

30 YEARS | 7

Benita Collings has been gracing our screens since the 1960s, with roles in classic TV shows like A Country Practice and Sons and Daughters, and is adored by generations of Australians who grew up watching her on Play School.

She admits that she didn’t know too much about super when industry funds were formed in the late ‘80s.

‘I didn’t hear any other actors talking about super and didn’t think it applied to me,’ Benita says. ‘Then one day suddenly there was JEST and it was a moment of “oh as an actor I CAN actually have super!” and realising how important it really was.’

BENITA – member since 1989

MEET SOME OF OUR LONGSTANDING MEMBERS

‘I joined after a friend asked me if I had super and when I said “no” he said I really ought to and told me all the reasons why, and I thought it made sense and said “ok”.’ He gave her the name and number for a JEST representative and the rest is history.

Early on, another friend suggested Benita put extra money into her super and for a long time she did, seeing the benefit of these contributions compounding over time.

‘I’m so glad I listened to the great advice my friends gave me,’ she says, ‘And I’ve stuck with you ever since because I believe what you’re doing works.

‘Anytime I talk to Media Super I feel supported and you provide me with information in a way that makes it easy for me to understand – the financial planner has even drawn my plan out on a whiteboard for me because I’m a visual thinker, and I really appreciate that.’

And as for retirement? Well, like many performers, Benita is continuing to ply her craft, playing Robyn King in season two of ABC’s Janet King and with a new film project in the pipeline.

‘I joined after a friend asked me if I had super and when I said “no” he said I really ought to and told me all the reasons why, and I thought it made sense and said “ok”.’ He gave her the name and number for a JEST representative and the rest is history.

8 | 30 YEARS

Darren has been a machine operator in the print industry all his life and began his apprenticeship straight out of school.

Originally a member of Print Super, Darren’s pretty happy he’s stuck with an industry super fund throughout his career. A few years ago, his workplace underwent a demerger, and as a result, he saw a lot of his work mates lose the defined benefits they had through their corporate super fund.

‘I’m glad I was with Media Super when the demerger happened – they’re always ready to help,’ says Darren, ‘the others got no help from their bank fund.’

Darren says that it’s great to see the Media Super representative around the workplace. ‘Dorothy and Trevor, they always come out to the site to meet people face-to-face. If you need help, they’re always there, or they’ll get back to you quickly,’ says Darren.

‘I’m glad I was with Media Super when the demerger happened – they’re always ready to help,’ says Darren, ‘the others got no help from their bank fund.’

Darren also loves that his union, the AMWU, is represented on the Board of Media Super. ‘The people on the Board, you know them personally,’ he says, and the majority of the Delegates are with Media Super too.’

Darren thinks he still has at least a good 20 years of work left in him before he starts thinking about retirement. Until then, he plans to keep salary sacrificing into super to make sure he’s got enough for retirement.

‘It’s something my dad made me do,’ says Darren. ‘Dad said, “you won’t see the money, so you’ll get used to it”, and I did – I don’t miss it.’

DARREN – member since 1988

Garry, now retired, started his printing career at age 14, when he began an apprenticeship with News Corp. Originally an Adelaide boy, Garry moved to Darwin in the early ‘70s, where he continued to work for News.

During that time, he recalls that superannuation was only available to the journalists or managers of the company. When super became available to print workers in the late ‘80s, Garry signed up with Print Super. Over the years he’s had various professionals ask about his super; however, he’s been proud to stick with an industry super fund.

‘Media Super doesn’t take a profit, and works for their members,’ says Garry. With the help of Dorothy, Media Super’s South Australian BDM, Garry says the move to retirement was easy. ‘I go back to Adelaide every now and again, and so I got in contact with Dorothy – she keeps me up-to-date with my pension and makes everything easy.’

‘I go back to Adelaide every now and again, and so I got in contact with Dorothy – she keeps me up-to-date with my pension and makes everything easy.’

GARRY – member since 1988

30 YEARS | 9

Simon Burke AO, one of Australia’s well-known and respected actors, has been a performer since he was 12 years old.

SIMON – member since 1987

‘I consider myself pretty lucky in that I’ve never earned a cent from anything other than performing,’ says Simon of his 43 year-long career. ‘It’s a sad indictment of our profession that this of itself is considered to be an achievement.’

Having been a member of the Media, Entertainment and Arts Alliance (MEAA) since 1974, Simon has been an advocate of the union, and in turn superannuation, for many years. He served as Federal President of the Actors Equity section of MEAA from 2004–2014.

‘I’ll tell you a story I often share,’ says Simon. ‘Back in 1986, I remember Equity (MEAA) visiting the cast I was performing with to talk to us about the industrial campaign to introduce superannuation for performers.

‘I was a young actor in my early 20s, so superannuation meant nothing to me. But, as I was leaving the meeting, I overheard one of our senior cast members, in his 70s, talking to the Equity representative.

‘”This is fantastic, thank you so much, finally!” he was saying. Then he added: “What sort of difference will it make to my retirement?”

‘The Equity rep responded by saying “Well I regret to say almost none at all as it’s being introduced as you near the end of your working life.”

‘It’s so vitally important to think ahead about your retirement, especially in the years when your earning potential is highest.’

‘This really hit home and made me think,’ says Simon. ‘That’s when I started becoming an active member of my union, and part of this activism was encouraging fellow performers to appreciate this hard-won introduction of super. It’s so vitally important to think ahead about your retirement, especially in the years when your earning potential is highest.’

When super was made compulsory, Simon says it felt like the Government was recognising his profession.

‘As performers, we live very chaotic existences,’ says Simon. ‘It’s a profession full of uncertainty and often long periods of unemployment, and super seemed like a very tangible way of legitimising what we do.’

When super first became compulsory, it was written into the contracts for all performances for which he was cast.

‘Without generalising my profession, us performers are usually so far away from the business side of things, you really do have to be vigilant about super,’ says Simon. ‘I might have 30 to 40 different employers in a year, and you need to make sure super is included every time.’

‘There’s even been a couple of instances where I’ve had to teach employers about it, or at least get my agent to!’ laughs Simon.

As for retirement, performing is something Simon will probably always do in some form or another, but he’s glad his super will be there to help when he needs it.

10 | 30 YEARS

An artist by training, Kay has been writing and illustrating for magazines and newspapers since the 1960s. Working all around the world, from London to Christchurch, New Zealand, Kay eventually settled in Melbourne in the late ‘70s.

She started working for one of Melbourne’s leading papers in 1979 as a freelancer – a paper she still has regular work with today, even in retirement.

Having been a freelancer since ’79, Kay has had to pay herself super since she first became a member in 1987.

‘I’ve always relished my financial independence and security, and I desperately wanted to support myself,’ says Kay. ‘I wanted to know that I wouldn’t need to rely on anyone in retirement, if possible.’

A colleague of Kay’s – who was a member of the Australian Journalists Association, now known as the MEAA – initially encouraged her to set up her super and start paying contributions into her account. And before long, Kay could see the benefits of committing to it.

‘I’ve always relished my financial independence and security, and I desperately wanted to support myself,’ says Kay. ‘I wanted to know that I wouldn’t need to rely on anyone in retirement, if possible.’

As well as anticipating the future benefits of super, Kay took advantage of the tax benefits gained from contributing to super as a freelancer. She also contributed some of the proceeds of the sale of her property into super when she downsized her home.

Now a pension account holder with Media Super, Kay says she’s stayed with the fund because she’s really happy with us.

‘Everyone is so helpful and pleasant,’ says Kay, ‘the whole thing is not a hassle and is very accessible.

‘Performance has been good – I have a confidence with Media Super. And Colleen (Kay’s local Media Super Business Development Manager) is just brilliant, I cannot speak highly enough of her.’

KAY – member since 1987

30 YEARS | 11

Max, a printer’s assistant, hasn’t had the easiest run, but certainly has a bright outlook on life.

He initially began his career at the Sunday Observer. Towards the end of the ‘70s, he took on a temporary job at The Age, with the intention of going into business with his dad once the short contract wrapped up.

Unfortunately, his dad passed away soon afterwards, so Max made the decision to stay on at The Age. Once he had a permanent position, super was paid to him through the corporate fund, but he didn’t pay much attention to it.

‘I was young and stupid,’ laughs Max, ‘I didn’t know what was going on.’

In 1987, he signed up with Print Super and had his super paid into that fund. He still didn’t pay much attention to it until 2004 when he started salary sacrificing, realising the importance of super.

Max salary sacrificed for 10 years until he was retrenched in 2014 and he noticed the huge difference it made to his account. After receiving his redundancy payout he put a chunk of that into super too.

Upon being made redundant, he made an appointment with two financial planners – Michael Honeybone from

Kelvin has been a printer all his life. In the ‘70s, he was signed up to a corporate fund through his workplace. ‘But it went down to nothing – eaten up by fees,’ says Kelvin.

When he became a member of Print Super in 1989 he says it was just something that was compulsory, but in looking back Kelvin says it was definitely worthwhile.

As he started to get older, Kelvin started to take more notice of his super, and then he started salary sacrificing.

‘When I got a pay rise, I didn’t need the money, so I put it into my super,’ says Kelvin, ‘and then I really saw a difference – I saw my account go up by thousands.’

As many have with the rapidly changing print industry, Kelvin was unfortunately made redundant earlier this year. ‘There’s never a good time to retire,’ says Kelvin, ‘but I was lucky that I had the super to do it.’

And as to why he’s stuck with an industry super fund for 30 years? ‘They look after you,’ he says.

‘When I got a pay rise, I didn’t need the money, so I put it into my super,’ says Kelvin, ‘and then I really saw a difference – I saw my account go up by thousands.’

Media Super, and an external financial planner – just to see what his options were.

After meeting both planners separately, Max said it was an easy choice to stick with Media Super. ‘I saw the fees and it was a no brainer,’ says Max, ‘the fees with Media Super were half the price.’

At the time of his retrenchment, Max’s wife found out she had breast cancer, so he decided to take some time out to look after her, before starting to look for work again.

With his wife’s cancer now in remission, Max is back at work four days a week doing maintenance, and taking advantage of a transition to retirement strategy. And there’s no view to start slowing down anytime soon.

‘I love working,’ says Max, ‘it keeps the mind active.’

KELVIN – member since 1989

MAX – member since 1987

12 | 30 YEARS

Steve Walsh has been heavily involved in the printing industry all his life, and has passionately advocated for workers to have access to a dignified retirement since the beginning – so much so he was on the Board of Print Super from 1995 to 2009 when he resigned to take up a position overseas with the international print union.

A compositor by trade, Steve started his apprenticeship in 1969. In 1979 he was elected as an Organiser for the PKIU and became the Tasmanian Branch Secretary in 1984, a position he held until his election as National Secretary of the AMWU Print Division in 2000. ‘I’ve seen a lot of industrial changes, and changes to the industry over the years,’ says Steve.

Back in the ‘80s, Steve was one of the many who campaigned for universal super to be available to every working Australian.

‘I strongly believed in universal super because it wasn’t always available to everyone,’ says Steve, ‘it was only available to the favoured few – managers and those in charge.

‘Historically super was a way of making you stay at your job – if you left your employer, you would lose your super,’ says Steve.

Steve recalls that at the time they were trying to push for compulsory super for all, with the ability for employees to take their super from job to job, it was still viewed by some with suspicion.

In 1983 the trade unions agreed to forego a national three per cent pay rise, which would instead be paid into super. From there the campaigning continued, and eventually in 1992, super became compulsory for all employed Australians.

Having been part of the merger between Print Super and JUST, Steve has remained a loyal member of Media Super. ‘I’ve had a long involvement with the fund, it’s been the only super fund I have belonged to,’ says Steve. ‘It’s well managed and I’m reaping the rewards of their good investment – it serves me well.’

Steve continues to advocate for super and the rights of workers today as a director on the board of Tasplan Super in Tasmania.

STEVE – member since 1989

Paul has been working in the printing industry since 1974, and was part of the union movement that campaigned for universal super.

‘Super is one of the greatest things that ever happened to this country,’ says Paul, ‘the average worker would be so much worse off without it.’

When super was first introduced to his workplace, he recalls that the company recommended they go into the corporate fund. ‘But,’ says Paul, ‘there was a bunch of us that said, “no way – we’re joining an industry super fund”.’

Paul has since stayed with an industry super fund through loyalty. ‘I believe in sticking with my industry fund,’ says Paul, ‘I’m comfortable with it’.

Paul’s had a transition to retirement pension for the past couple of years.

‘A Media Super rep kept telling me I should talk to someone about a transition to retirement,’ says Paul, ‘and I kept saying, “yeah, yeah, I’ll get around to it”.

‘And I truly appreciate their persistence – when I finally did, I wished it was something I started earlier.’

Paul is taking a redundancy in September and plans on fully retiring. ‘I’ll take it easy and see what comes,’ says Paul.

‘Super is one of the greatest things that ever happened to this country,’ says Paul, ‘the average worker would be so much worse off without it.’

On a closing note Paul says, ‘I think people are mad to not take notice of their super when they’re young – they should be putting everything they can into it!’

PAUL – member since 1988

13

YOUR COMMUNITY

As your industry super fund, our aim is to help members achieve financial security for their life after work; but as part of Australia’s creative community, we also work with our industry partners to help them build vibrant, robust sectors. We support

a variety of professional development and networking programs, aimed at nurturing talent, strengthening skills

and helping our members excel professionally.

14 | PARTNERSHIPS

As your industry super fund, our aim is to help members achieve financial security for their life after work; as part of Australia’s creative community, we also work with our industry partners to help them build vibrant, robust sectors.

We support a variety of professional development and networking programs, aimed at nurturing talent, strengthening skills and helping our members excel professionally. These include initiatives such as Screen Producer’s Business Essentials workshops, The Walkley Foundation’s Storyology conference, and providing opportunities for emerging talent such as the Equity Foundation’s Neighbours internship.

It’s also important to recognise and celebrate excellence, and in 2016-17 we once again supported

awards across our industries, including the National Print Awards, Walkley Awards and state-based media awards, Helpmann Awards, Screen Producers Awards and Equity Ensemble Awards. View the Honour Roll on page 16 for a full list.

Through our partners, we also have the opportunity to deliver superannuation and financial literacy education, tailored to the unique challenges our members face as print, media, entertainment and arts professionals.

Media Super is deeply committed to our members and their industries, and we’re proud to support our partners in ensuring the continued growth and success of these sectors.

Throughout our 30-year history, Media Super has worked closely with the print, media, entertainment and arts industries.

PARTNERSHIPS

PARTNERSHIPS | 15

You’re part of a community of talented people. As your industry super fund, we’re committed to nurturing talent and helping our members succeed. That’s why we support programs and awards that celebrate our talented members.

HONOUR ROLL

STANLEY AWARDS

Editorial/Political Cartoonist Glen le Lievre

SCREEN PRODUCERS AWARDS

Media Super Production Business of the Year

CJZ

THE ADG AWARDS

Best Direction in a TV or SVOD Comedy Program

Matthew Saville, Please Like Me – Burrito Bowl (Series 4, Episode 5)

FILMBITES

Media Super Outstanding Achievement & Commitment Award

Senior – Jordan Paolillo, Connor Fantasia-Serve, Sam Dunlop and Blake Hay

Junior – Bethan Peters and Piper Gage

MEDIA SUPER NATIONAL PRINT AWARDS

Young Executive of the Year Racheal Alcorn

(Superior Safety) (1)

Industry Legend Dudley Scott (Scott Print)

SOUTH AUSTRALIAN MEDIA AWARDS

Radio News & Current Affairs or Feature

Caroline Winter, Statewide Blackout, ABC PM program (2)

Best Television Broadcaster (Presenter, Reporter or Camera Person)

Alex Mann, Body of Work, ABC 7:30

EQUITY ENSEMBLE AWARDS

Outstanding Performance in a Drama Series

Cleverman Series 1: Hunter Page-Lochard, Rob Collins, Iain Glen, Frances O’Connor, Deborah Mailman, Tasma Walton, Rarriwuy Hick, Ryan Corr, Stef Dawson, Tysan Towney, Tony Briggs

TASMANIAN MEDIA AWARDS

Best News Image Matthew Growcott, Moonah

Siege, WIN News Tasmania

Best News Story Richard Baines, Letting the Most

Vulnerable Down – Tasmania’s Child Protection Woes, ABC

1

2

FLICKERFEST

Media Super Award for Best Screenplay in an Australian Short Film

The Eleven O’Clock Writer: Josh Lawson Director: Derin Seale Producers: Derin Seale,

Karen Bryson, Josh Lawson

AUSTRALIAN BOOK INDUSTRY AWARD

Publisher of the Year Pan Macmillan Australia

SOUTH AUSTRALIAN COUNTRY PRESS AWARDS

Digital initiative: The Northern Argus, Balaklava Races Fanciest Fillies and Colts Initiative (4)

HELPMANN AWARDS

Best Female Actor in a Play Paula Arundell, The Bleeding

Tree, Griffin Theatre Company

Best Male Actor in a Play Pacharo Mzembe, Prize

Fighter, LaBoite Theatre Company & Brisbane Festival

QUEENSLAND CLARION AWARDS

All Media – Most Outstanding Journalism Student

Joseph Ogilvie, Body of work

Photography – Photographic Essay

Liam Kidston, ‘Beirut Bungle’

COUNTRY PRESS NSW AWARDS

Locally Produced Advertising The Moree Champion

Best Commercial Supplement Deniliquin Pastoral Times

Best Advertising Idea The Courier, Narrabri

Best Online Advertising Cowra Guardian

Newspaper Marketing and Promotion

The Courier, Narrabri

WALKLEY AWARDS FOR EXCELLENCE IN JOURNALISM

Print/Text News Report Grant McArthur, Herald Sun,

‘Bacchus Marsh Baby Deaths’

Walkley Book Award Stan Grant, Talking To My

Country (3)

AWGIES

Comedy – Situation or Narrative

Josh Thomas and Liz Doran, Please Like Me, Season 3 – Pancakes with Faces (5)

Comedy – Sketch or Light Entertainment

Gerard McCulloch with Charlie Pickering, The Weekly with Charlie Pickering, ‘Halal Certification’ & ‘Stadium Naming Rights’

3 4

5

HONOUR ROLL | 17

AUSTRALIAN COMMERCIAL RADIO AWARDS

Best News Presenter Country and Provincial

Lois Chislet, 3YB, Warrnambool VIC, ACE Radio Broadcasters

Rod McLeod, Gold FM, Gold Coast QLD, Southern Cross Austereo

Best News Presenter Metro FM Ange Anderson, Nova

106.9, Brisbane QLD, NOVA Entertainment

Best News Presenter Metro AM Anne Stone, FIVEaa, Adelaide

SA, NOVA Entertainment M

DIEMEN AWARDS (6)

Print Apprentice of the Year Andrew Mosley, Foot and

Playsted

Design/Digital Student of the Year

Douglas Hagger, TasTafe

Grand Diemen Award – Print Focal Printing, At the Workshop

Grand Diemen Award – Design Sam Lyne Illustration and

Design, Explore Tasmania’s South

Grand Diemen Award – Digital S. Group, S. Group

Grand Diemen Award – TV & Film

Pananda, The Unconformity

AGDA DESIGN AWARDS (11)

Spatial – Temporary Installations

Pinnacle: Pop Marble Run by Alt Group

Distinction: Commensality by Stemme

Spatial – Permanent Installations Distinction: BBC Feature Wall

by There Distinction: Knight Frank

Feature Wall by There

Spatial – Wayfinding/Signage & Environmental Graphics

Distinction: Rabobank Australia Headquarters by There

Distinction: BBC Worldwide Sydney Headquarters by There

Spatial – Environmental Design Distinction: Fat Controller Club

by Frame Creative

8

7

6

18 | HONOUR ROLL

9

10

NORTHERN TERRITORY MEDIA AWARDS

Print/Text Best News Coverage

Helen Davidson, Guardian Australia, The Northern Territory’s ongoing crisis in juvenile detention (9)

Television/Radio Best Broadcast Interview

Katie Woolf, Territory Broadcasters, A collection of interviews

Best News Camerawork of the Year

Mitchell Woolnough, ABC, Body of work (8)

WESTERN AUSTRALIAN PICAS

Media Super Young Executive of the Year

Jay Brown, Westcare

GREEN ROOM AWARDS

Female Performer (Theatre Companies)

Rose Riley, The Glass Menagerie (Belvoir, Malthouse Theatre)

Male Performer (Theatre Companies)

Rory Kelly, Trevor (7) (Red Stitch Actors’ Theatre)

VICTORIAN COUNTRY PRESS AWARDS

Award for Journalism (circulation under 2000)

The Alexandra Eildon Marysville Standard

Award for Journalism (circulation 2000-6000)

Colac Herald

Award for Journalism (circulation over 6000)

South Gippsland Sentinel Times

WEST AUSTRALIAN MEDIA AWARDS

Feature Photographic Essay Colin Murty, The Australian,

‘Eradication of pests on Dirk Hartog Island’ (10)

News Story or Feature – Television/Audio-visual Journalism

Jessica Page, Seven News 6pm, ‘Parents Versus Doctors’

11

SEE THE FULL HONOUR ROLL WWW.YEARBOOK.MS/HONOUR-ROLL

HONOUR ROLL | 19

At Media Super we want to help you achieve your retirement goals, and we love to celebrate

the achievements and successes of our community. So we asked all of you to tell us if

you’ve been #kickingyourgoals in the past year! We had so many amazing entries, it was fantastic to see so many of our members

excelling in their professional and personal lives.

#KICKING YOURGOALS

20 | KICKING YOUR GOALS

MEET OUR WINNERS

ILDIKO SUSANY..

This year I shot my first #featurefilm where I was #producer #writer #director #actor. #kickingyourgoals #womeninfilm #diversity

NAOMI LISNER..

Directing for the 1st time in a film that I wrote, produced & acted in. It’s in post ATM & proud of it.

MICHAEL WHALLEY..

Muriel’s Wedding – the Musical cast announcement at Sydney Theatre Company. Can’t wait to start rehearsals!

TAYLOR DENT..

Working as a sports producer for Channel Nine and last year I set myself the goal of getting a package to air. After twelve months of sweat, blood and tears I’ve improved my writing and voice to now be a consistent reporter for their daytime bulletins. Plenty of work to go but I’m feeling well on my way to a great career.

LISA KOWALSKI..

After months of self doubt and torture I FINALLY finished writing my TV pilot earlier this year. Thinking it was a long shot I entered the ‘Smart For A Girl’ fellowship and was successfully shortlisted soon after. Winners have yet to be announced but I’m proud of myself for taking the risk and getting as far as I did.

KICKING YOUR GOALS | 21

MELISSA BRATTONI..

Performing in Skit Box’s The UTI dance.

JOY HOPWOOD..

This year I wrote & produced my 1st feature –The Casting Game.

LEE ANTHONY..

Doing a masters degree in publishing. Just finished semester 2 of 3. Here’s one of my grades from this semester.

ARNOLD PEREZ..

Landing an associate post producer position after two years of working in Australian reality TV.

ALEKS MIKIĆ..

Sydney’s art spaces were dwindling in 2016. This year I hand built and rezoned an old 500sqm industrial building into a multidisciplinary arts gallery housing 18 audiovisual production suites.

THERESE LOWTONAbout 20 months ago, I had had a fling with death when I landed a fall from my bike with my head. I decided life is too short, left my job in the city and moved to a volcano in Nicaragua to learn about permaculture and natural building. I got a little side-tracked and ended up starting a circus that was rooted in yogic principles called Momentom Collective. From there, we created a platform to co-create projects that would inspire and elevate others from the rat-race while sharing the social and cognitive benefits of circus arts, especially to communities in developing countries like Nicaragua.

Today, we are incorporating the business. I will own my first shares in a company, and its one that I helped build from the ground up! My energy is going directly where my values lie.

BRENDAN BLANCHARDIn the last year I’ve built and set up my own website so that I can start down the path of earning an income from my artwork. Lots of challenges, lots of uncertainty, lots of fear, lots of time. But I did it!

ELIZABETH SARAHOne of the goals that I had for 2016–2017 was to visit Copenhagen, Denmark. I grew up there as a child and as you can tell by the pictures, Danish ice cream played a big part as to why I wanted to go back. So here’s to #kickingmygoals #kickingyourgoals hoping that ice cream will always be involved.

GABBY CAMERINO This is me living the dream. How grateful am I to work as a dancer for Princess Cruises, travelling to new destinations with every ship. Here in Glacier Bay, Alaska, taking in the views with a subtle hair flick, before getting ready to perform Magic To Do, one of the newest production shows from Stephen Schwartz. I’m kicking my goals every day as I have been for the last five years with the company and definitely feeling blessed to have landed my dream job.

KIERAN BRADLEYThere were high fives over this almighty harvest! Grown from a cutting ten years in development and a minute in the eating. And so worth it.

MEET OUR FINALISTS

KICKING YOUR GOALS | 23

ASHLEIGH MILTONFirst week in the job and one of my pics make the front page.

ALEKS MIKIĆThis year I committed to spending hundreds of hours a week self-studying the art of D.A.W. audio production. With some timid chops worked up; I decided to give a go at creating a song for the prestigious Abbey Road Studio’s competition; ‘Vinylized’. With a week before it closed, I downloaded the audio samples folder and began crafting. I entered my first “producers competition”.

Two weeks later I had discovered I had been selected as the winner.

LISA KOWALSKIDecided today exactly 18 months ago that I’d try to take my voice over work from a hobby to something more serious. I created my own home setup and practiced, practiced, practiced! I signed with the awesome Blah Artists and here I am last week on my first animation voice over; I guess that old adage ‘hard work and persistence pays off’ *MAY* have some truth to it.

GEMMA WESTACOTTAfter talking about launching our own travel & lifestyle website/blog for years (try five!) we have finally taken the leap and launched our new ‘baby’ @ourcoastlife. 🎉

It’s still VERY early days, being a journalist the back-end tech remains a massive learning curve and there is so much more to do, but having made the initial leap feels fantastic.

Looking forward to sharing all of the adventures that await on Queensland’s Sunshine Coast and beyond with our new, amazing and growing tribe!

XAVIER GOUAULTI kicked my total life goal recently by being in a film on the silver screen at the Astor Theatre.

ELIZABETH SARAHGraphic design has been an exciting new career path for me. I went back to uni, wondering if this was for me and if my designs could work in the ‘real’ world. Getting accepted into this internship because of my designs... well that just made me feel so proud, I have achieved an important goal and I’m so excited as to where I’m going.

MELISSA BRATTONI Thrilled to announce my new venture of being represented by Howell Management @howellmgmt.

IONA ALLEN Why thank you, I will accept this rose! The last fortnight I’ve been performing alongside French pianist, Richard Clayderman, on his 40th Anniversary tour of Australia!

CLAIRE HAMILTONClocked 10 years in business last month!! Woo hoo! This calls for cake!

MICHAEL WHALLEY Years ago when I landed on these shores I dreamed about working with Belvoir. I never dreamed of a labelled cup and a hand drawn character picture based on my real face.

CHRIS MITCHELLSeeing this Beautiful Country.

ELIZABETH SARAHThis is my final year of my graphic design degree and one of my goals is to make things that have the possibility of real world impact. This cross-media project Al the Alpaca in association with Alzheimer’s Australia ACT was one of those assignments. With three friends, we created Al and in doing so developed a safe and engaging environment for people to talk about dementia. It was an assignment that had sad, deeply emotional parts to it but at the same time, it was so exciting to see people responding to Al, messaging him and wanting to connect. We don’t know if it will be expanded further but I feel that through this type of assignment, I am #kickingmygoals towards something fantastic.

KICKING YOUR GOALS | 25

MOVIES & TVMedia Super invests $60 million in a revolving loan facility to Fulcrum Media Finance, which is used to

cash-flow the Australian Producer Offset and provide access to pre-sale advance loans for film and television productions across Australia and

New Zealand.

26 | MEDIA SUPER MOVIES

HOW DOES IT WORK?

The Producer OffsetIn 2007, the Federal Government announced a tax rebate scheme for film and television known as the Australian Producer Offset. Approved projects are able to claim a tax rebate on completion of the project; but much, if not all, of the rebate amount is actually needed during pre-production and filming.

Through Fulcrum, we are able to lend up to the rebate amount to the producer(s) of a film or TV show and then have the money repaid at agreed milestones. Interest is paid on the money lent to producers, and this low risk investment in turn provides a stable return for Media Super, and ultimately our members.

Pre-sale Advance LoansPre-sale advance loans are used for the distribution of films; however, repayment is not guaranteed. This means they are a riskier investment than the Producer Offset, but also means the return is greater. Pre-sale advance loans are generally for smaller amounts and they are usually paid back sooner than Producer Offset loans.

SUPPORTING OUR COMMUNITY

As well as funding local productions and achieving stable returns for our members, our support has provided Australian actors, filmmakers and crew continuing opportunities to ply their craft here on home turf.

Over the past year some of the local productions we’ve supported that have been released are Lion, Cleverman (season 2), Upper Middle Bogan (series 3) and Pork Pie, just to name a few.

PROVIDING FOR OUR MEMBERS

Our Balanced, High Growth, Growth and Stable investment options all have some level of exposure to the Fulcrum investment. It’s important to know that our investment in the Producer Offset does not rely on a movie’s success at the box office. The loan we provide only funds the pre-production phase of a film or TV show – we simply help get screen projects off the ground.

Since 2010 we’ve supported more than 80 high-quality films and TV shows and in turn this has earned our members a healthy 6.7%* per annum since inception.

* Investment warning: Investment returns are not guaranteed. Past performance gives no indication of future performance.

By 30 June 2017, we had loaned more than $125 million to help finance a range of film and TV productions since the facility was launched in 2010.

See over the page for the productions we supported in the 2016–17 financial year, or check out the trailers atWWW.YEARBOOK.MS/MOVIES

MEDIA SUPER MOVIES | 27

EMO THE MUSICALRelease date: 13 August 2016

Ethan, a sullen high-school student whose life is defined by what he hates, finds love with a blindly optimistic Christian girl, Trinity, much to the annoyance of his angst-filled band mates and her evangelistic brethren.

Starring: Benson Jack Anthony, Jordan Hare, Rahart Adams Director/Writer: Neil Triffett

WHAM BAM THANK YOU MA’AMRelease date: 8 December 2016

A comedy show poking fun at gender stereotypes and cultural norms from a female perspective.

Starring: Sarah Bishop, Greta Lee Jackson, Adele VukoDirector/Writer: Various

NEWSTON’S LAWRelease date: 9 February 2017

The ‘Upstairs Downstairs’ of legal dramas follows Josephine Newton as she juggles the high-powered barrister’s world of Knox Chambers and the haphazard legal tangles of her former solicitor’s office.

Starring: Claudia Karvan, Toby Schmitz, Georgina NaiduDirector/Writer: Various

WHAM BAM THANK YOU MA’AMRelease date: 8 December 2016

A comedy show poking fun at gender stereotypes and cultural norms from a female perspective.

Starring: Sarah Bishop, Greta Lee Jackson, Adele VukoDirector/Writer: Various

SOUL MATES (SERIES 2) Release date: 3 August 2016

A bromance for the ages, Soul Mates is the story of two kindred spirits trapped in a cycle of death and rebirth. Across different lifetimes with no knowledge of their past lives, they are forever drawn together as mates.

Starring: Christiaan Van Vuuren, Rachel House, Nicholas Boshier Director/Writer: Various

PORK PIERelease date: 4 May 2017

Pork Pie tracks the escapades of a trio of accidental outlaws as they travel the length of the New Zealand in a yellow Mini, protesting conformity and chasing lost love, with a posse of cops and a media frenzy hot in their pursuit.

Starring: Dean O’Gorman, James Rolleston, Ashleigh Cummings Director/Writer: Matt Murphy

MEDIA SUPER MOVIES | 29

ONE THOUSAND ROPESRelease date: July 2017

When a father reconnects with his estranged teenage daughter, he is given a rare chance to reshape the future of his family in unexpected ways.

Starring: Frankie Adams, Beulah Koale, Ene Petaia

Director/Writer: Tusi Tamasese

THE CHANGEOVERRelease date: 28 September 2017

A supernatural thriller about a troubled teenager who must change over and become a witch in order to save her little brother from an ancient spirit.

Starring: Lucy Lawless, Melanie Lynskey, Timothy Spall

Director: Miranda Harcourt and Stuart McKenzie

Writer: Margaret Mahy (novel), Stuart McKenzie (adaptation)

30 | MEDIA SUPER MOVIES

CLEVERMAN (SEASON 2)Release date: 29 June 2017

In the very near future, creatures from ancient mythology must live among humans and battle for survival in a world that wants to silence, exploit and destroy them.

Starring: Hunter Page-Lochard, Rob Collins, Deborah Mailman

Director/Writer: Various

HERE COME THE HABIBS (SEASON 1)

Release date: 9 February 2016

The Habib family won $22 million in the lottery, and bought a mansion next door to the O’Neill family.

Starring: Helen Dallimore, Darren Gilshenan, Georgia Flood

Director: Darren Ashton

MEDIA SUPER MOVIES | 31

UPPER MIDDLE BOGAN (SERIES 3)Release date: 3 August 2016

Two families living at opposite ends of the freeway. Bess Denyar is a doctor with a posh mother, Margaret, and architect husband, Danny Bright. When Bess finds out that she is adopted, she is stunned, but even more so when she meets her birth parents.

Starring: Christiaan Van Vuuren, Rachel House, Nicholas Boshier

Director/Writer: Various

TOP OF THE LAKERelease date: August 2017

When pregnant, 12-year-old Tui tries to kill herself in a freezing New Zealand lake, Detective Robin Griffin has plenty of questions for the girl. But when Tui suddenly disappears, Robin finds herself knee-deep in small-town secrets.

Starring: Elisabeth Moss, Peter Mullan, Thomas M. Wright, David Wenham and Nicole Kidman

Director: Various

Writer: Jane Campion and Gerard Lee

As another year goes by and you’re busy working day to day, paying monthly bills, covering your rent or mortgage, it’s easy to get stuck in the daily grind and keep pushing

future planning to ‘tomorrow’. But ‘tomorrow’ easily becomes weeks, then months, then years.

PLANNING YOUR FUTURE | 33

^Before making a decision to combine your superannuation, you should consider any penalties such as exit fees, change to insurance cover or loss of benefits that may apply and, if necessary, consult a qualified financial adviser.

# Helpline consultants and Helpline Advisers providing general or limited advice are representatives of Mercer Outsourcing Australia Pty Ltd (MOAPL) ABN 83 068 908 912, AFS Licence 411980.

* Media Super has engaged Industry Fund Services Limited (IFS) ABN 54 007 016 195 AFSL No 232514 to facilitate the provision of financial advice to members of Media Super. Advice is provided by one of our Financial Planners who are Representatives of IFS. Fees may apply. Further information about the cost of advice is set out in the relevant Financial Services Guide, a copy of which can be obtained by calling IFS on 1300 138 848. IFS is responsible for any personal advice given to you by its Representatives.

MAKE A PLANNo matter what stage of life you’re in, there’s never been a better time to plan than now – and we can make it easy for you too.

And if you’ve already got a plan, it’s always a good idea to make sure you’re still on track, especially if your circumstances have changed. For example, if you’ve have kids, been made redundant or changed jobs, or you’ve recently come into some extra cash, it’s worth getting some expert help in reviewing your plan to make sure it’s still right for you.

From our Helpline Advisers# to our Financial Planners*, we can help you with personalised contribution strategies and ways to boost your super, working out how much insurance is right for you, choosing the best investment

WE’RE WITH YOU EVERY STEPHere at Media Super, we know just how important it is to look ahead and see the bigger picture – and the sooner you do it, the better off you’ll be when you retire.

22 YEARS 28 YEARS

Single, no kids. Works full time.A few financial responsibilities.

She’s working her first full-time job, and has several super accounts from various part-time jobs she’s had since high school.

Things to consider:

> Finding and combining her multiple super accounts.^

> Putting a few extra dollars into her super each pay (even $5 a week can make a difference over decades).

> Investing in a growth option.

Lives with partner, no kids (yet). Both work full time. Joint financial responsibilities.

They’re trying to save a house deposit and are thinking about having kids in the next few years.

Things to consider:> Developing a joint contribution strategy that allows them

to save for a deposit and plan ahead for her maternity leave (as she may not receive super from her employer).

> Checking they have the right level of insurance cover to keep a roof over their heads and food on the table if something happened.

option for your needs, and planning how much super you’ll need for retirement and how to get there.

As a valued member, your first consultation with a Media Super Financial Planner is at no cost to you and without any obligation. This initial consultation will help the planner understand your needs and help you understand how they may be able to assist you.

Your planner will only suggest you seek advice if they are confident that it will improve your situation and is in your best interest. They will provide you with a fixed price quote for your consideration for any advice they may recommend.

Alternatively, if you don’t think you’re quite ready to get personal advice, we have a variety of resources to help you learn more about your super, insurance and retirement.

34

37 YEARS 48 YEARS

Married, two kids. Now works part time, while partner works full time. Major joint financial responsibilities.

They have a mortgage and car loans, as well as day care costs a couple of days a week.

Things to consider:> Updating their contribution strategy to align with their

changed circumstances.

> Checking they still have the right level of insurance cover because with added financial responsibilities they may need to adjust their cover.

> Set up binding nominations for account beneficiaries.

> Reviewing their investment options to make sure their choices are still right for their current life circumstances.

Kids getting older. Couple both working full time again.Still paying off mortgage.

They’ve realised retirement is getting a little closer and they’re not sure if they’ll have enough money as they’re still paying their mortgage, plus loans and school fees.

Things to consider:> Reassessing their retirement goals – are they still right

and realistic?

> Assess how they’re tracking and possibly update their contribution strategy.

> Review their investment options as they may want to move to a balanced or less risky (lower growth) option.

> Checking they still have the right level of insurance cover for their current circumstances.

Kids moved out. Couple still working full time (for now). Mortgage close to paid off, no other major debts.

Retirement is starting to feel ‘real’ and they’re looking forward to their life after work.

Things to consider:> Are they on track to reach their retirement goals

and, if not, what can they do to top up.

> Would a Transition to Retirement pension suit their financial situation now or in a few years?

> Review their investment options because it may be time to consider a more stable option to preserve capital.

59 YEARS RETIRED

Looking to downsize home. Living on mix of super savings & Age Pension. No more major debts, only modest financial responsibilities.

They’re enjoying retirement, spending time with family and friends, doing a little travelling and helping to look after the grandchildren. They moved their super to pension accounts when they retired and draw a regular income.

Things to consider:> Where do they invest the proceeds if they sell their home

– pension accounts or other investments?

> What effect this decision will have on their assets and income, and the impact on tax, Centrelink and the Age Pension.

> Review their investment options to make sure their retirement savings will last.

> Ensuring they have binding nominations for beneficiaries set up and, looking further, making sure their wills are up to date.

35

# Helpline consultants and Helpline Advisers providing general or limited advice are representatives of Mercer Outsourcing Australia Pty Ltd (MOAPL) ABN 83 068 908 912, AFS Licence 411980.

* Media Super has engaged Industry Fund Services Limited (IFS) ABN 54 007 016 195 AFSL No 232514 to facilitate the provision of financial advice to members of Media Super. Advice is provided by one of our Financial Planners who are Representatives of IFS. Fees may apply. Further information about the cost of advice is set out in the relevant Financial Services Guide, a copy of which can be obtained by calling IFS on 1300 138 848. IFS is responsible for any personal advice given to you by its Representatives.

OTHER WAYS WE CAN HELP

SEMINARS AND WEBINARSWe hold a number of seminars around the country every year, focusing on topics such as retirement, investments and any hot topics regarding super, such as the 1 July 2017 super legislation changes.

For those who don’t live in the big cities, can’t make the evening sessions or would prefer the seminar to take place in their own living room, we also hold webinars to cover the same topics.

Keep an eye out for the next seminar and webinar series at mediasuper.com.au/seminars.

WORKPLACE VISITSOur Business Development Managers (BDMs) are available to talk about all things super with you at your workplace. Whether it’s in a group presentation or a one-on-one, they’re available to answer your super questions and give you some tips and tricks on boosting your super and saving for retirement.

To organise for a BDM to come out to your workplace, go to mediasuper.com.au/BDM.

MEDIA SUPER MINUTESWhether you’re just starting out in the workforce, beginning to think about retirement or you’re trying to tell your kids or grandkids just how important super is, our Media Super Minutes videos can make super simple in just two minutes. From the basics, such as ‘what is super’, to more specific tips for freelancers and the self-employed, there’s something for everyone.

A few minutes is all it takes to learn a little bit more about your super.

Learn more: mediasuper.com.au/videos.

KEEPING IN THE KNOW..

By giving us your email address you can keep up to date with what’s happening with Media Super and your account.

And by regularly checking our blog at mediasuper.com.au, or following us on Facebook, Twitter or Instagram, you can stay in the know about things that are happening in our industries and with your super.

Whether you want to find our more about growing your super, your investment options, insurance through Media Super, or anything super and pension related, we have a variety of great resources available to you.

36 | PLANNING YOUR FUTURE

TALK TO US, WE’RE HERE TO HELP

OVER THE PHONE Our dedicated phone-based Helpline Advisers# can assist you with limited personal advice about contribution strategies, how much insurance you might need for your personal situation and help you figure out which investment options best suit your needs. Simply call our Super Helpline on 1800 640 886 – they’re just a phone call away.

FACE-TO-FACEIf you need more complex financial advice, get in touch with one of our Media Super Financial Planners*. They can help you make informed decisions and provide you with the right tools to make a plan, build your personal wealth and build up your savings for retirement. Our planners are dedicated to providing high-quality, personalised advice. Call 1800 640 886 to organise an appointment.

PLANNING YOUR FUTURE | 37

^ Before making a decision to combine, you should consider any penalties such as exit fees, change to insurance cover or loss of benefits that may apply and if necessary consult a qualified Financial Adviser.

*Media Super has engaged Industry Fund Services Limited (IFS) ABN 54 007 016 195 AFSL No 232514 to facilitate the provision of financial advice to members of Media Super. Advice is provided by one of our Financial Planners who are Representatives of IFS. Fees may apply. Further information about the cost of advice is set out in the relevant Financial Services Guide, a copy of which can be obtained by calling IFS on 1300 138 848. IFS is responsible for any personal advice given to you by its Representatives.

Virginia Flint (NSW)M: 0407 754 011virginiaflint@mediasuper.com.au

Jonathon Venables (NSW)M: 0472 805 169jonvenables@mediasuper.com.au

‘A member recently contacted me as her husband had suffered a severe stroke. They didn’t have joint bank accounts so she was desperate to access some of her super to help out with the finances. Thankfully, she met a condition of release so I visited her the following day and personally delivered the paperwork to the admin team, who processed it immediately. The next day she had the funds in her bank account, which helped to financially relieve the situation. Seeing how much of a difference this made to this member’s life, strengthens my belief that it’s all about looking after our members as best we can.’

‘I recently had a call from a journalist – he wasn’t a member at the time – who was being made redundant. He’d heard that Media Super was his industry fund, and after speaking with me he made a decision to join, roll his super over and make a voluntary contribution from his redundancy payout. He was so pleased with his experience with us that he recommended a family member also join the fund, which resulted in them setting up a retirement pension with Media Super. Word of mouth is a great thing!’

MEET YOUR BDMs

Colleen Sells (VIC)M: 0408 503 265colleensells@mediasuper.com.au

‘Earlier this year while visiting a workplace, I had a conversation with a member around what life after work may look like for her and her partner. They were very excited about potentially retiring later in the year and travelling but weren’t quite sure about how to set up their finances correctly to support their retirement lifestyle. I arranged for them to see one of our financial planners* who helped them set up a plan and provided a clear path for them to reach their retirement goals. The member was thrilled with the support Media Super provided them in preparing for their retirement.’

Sometimes it’s just easier to meet with someone and work through things face-to-face. That’s where our team of Business Development Managers come in – or rather come to you.

From combining super accounts^ and searching for lost super, to finding out why Media Super is right for you, they can answer your general questions, or talk you through the big picture – in person, or over the phone. And they can even help take care of paperwork.

Read on to find out what our team has really enjoyed about working with our members and partners this year, and the ways they’ve been able to help you.

38 | MEET YOUR BDMs

Maria Armenio (VIC)M: 0472 837 817mariaarmenio@mediasuper.com.au

‘I had the opportunity to present as part of Screen Producers Australia’s Business Essentials workshops this year. It was great to meet and talk with local producers and help them better understand not only their super obligations as employers, but also how Media Super is supporting the local film and TV industry through our revolving loan facility with Fulcrum Media Finance.’

Dorothy Staruchowicz (SA)M: 0418 200 668dorothystaruchowicz@mediasuper.com.au

‘Recently a member agreed to take a voluntary redundancy package due to ongoing health issues. When I met with him and his wife, they were concerned about their financial future. He thought he may be eligible to apply for an insurance benefit but was apprehensive about the process. After explaining his insurance entitlements to him and claims process, he realised that it wasn’t as daunting as he had thought. The member’s income protection claim was recently approved and he is currently receiving the benefits and enjoying a greater peace of mind, while focusing on improving his health.’

Peter Cleary (NSW/ACT)M: 0418 406 083petercleary@mediasuper.com.au

‘Over the past year, the way we work with employers has changed and it’s been a great opportunity for me to build new relationships in these organisations and strengthen how we work together. Not only am I helping make super admin as simple as possible for these businesses, but by working together we’re providing better outcomes for their staff.’

Patrick Horneman (WA/NT)M: 0408 759 586patrickhorneman@mediasuper.com.au

‘One of our members sadly became terminally ill, so he arranged for his wife to join Media Super because he knew her super would be looked after. I arranged for her to speak to one of our financial planners,* and since his passing she now has a full financial plan to see her through her retirement. She noted that when her husband passed away she was at a loss and was appreciative of the level of service and guidance offered by Media Super.’

Steve Gardner (QLD)M: 0423 324 352stevengardner@mediasuper.com.au

‘Over the past 12 months, I’ve really enjoyed providing education sessions for members at various sites as well as at events for our partners. These have ranged from speaking to graduates just starting their careers, right through to members who are close to retiring. Answering their super questions and then sitting down one-on-one with members is really rewarding.’

‘Seeing how much of a difference this made to this member’s life, strengthens my belief that it’s all about looking after our members as best we can.’

Colleen Sells

MEET YOUR BDMs | 39

NEWS FROM MEDIA SUPER AND THE SUPER INDUSTRY OCTOBER 2016..

New Unlisted Infrastructure investment option launchedThis new investment option gives members direct access to both Australian and international unlisted infrastructure assets, such as investments in Melbourne and Brisbane airports, Melbourne’s Southern Cross Station and the Eastern Distributor (M1). Internationally, the investment currently includes Vienna Airport, Indiana Toll Road and Anglian Water in the UK.

NOVEMBER 2016..

$100m milestone for film and TV productionsMedia Super’s investment in Australian film and television productions passed the $100 million milestone in November 2016. The investment was established with Fulcrum Media Finance in 2010 and since then we have funded more than 70 productions – helping to create opportunities for local talent – and achieved an average investment return of 6.7% (to 30 June 2017).

Super reforms passed by ParliamentOn 23 November 2016, the Federal Government’s reform package of super tax changes successfully passed through both houses of Parliament, with minimal changes to those proposed in the May 2016 budget. Many of these changes took effect on 1 July 2017 and include reduced contribution caps, a lifetime transfer balance cap to pension accounts, and the low-income superannuation tax offset.

JANUARY 2017..

Age Pension asset test changes took effectFrom 1 January 2017, changes to the Age Pension asset test threshold for both full and partial pensions came into effect. The Government increased the asset test threshold in order to qualify for a full aged pension, meaning the assets seniors can have and still receive the full pension have gone up. However, at the same time they increased the Age Pension asset test taper rate from $1.50 to $3 per $1000 of assets, which means pensioners may receive less money from the Government.

FEBRUARY 2017..

Fraser Review releasedFormer Reserve Bank Governor and Treasury Secretary, Bernie Fraser, delivered his report (requested by the AIST) into not-for-profit super fund governance, finding their processes and member-first ethos are central to their outperformance and avoidance of scandals affecting other parts of the finance sector.

The review also found the Government has not adequately made the case for a mandatory quota of independent directors, and members’ interests will be better served through a focus on directors’ values, skills and expertise. To this end Mr Fraser has recommended Australia’s not-for-profit superannuation funds prioritise values, skills and expertise in a mandatory principles-based governance code to commence on 1 July 2017.

MARCH 2017..

Productivity Commission release draft report into superannuationThe Productivity Commission released a draft report that identified possible models to guide employees new to the superannuation system to preferred, simple default super products. The Productivity Commission sought submissions on the draft report, with the final report to be incorporated into the next stage of the inquiry.

APRIL 2017..

$30m R&D fund launchedMedia Super launched an innovative $30 million fund to help finance Australian research and development projects. The revolving fund will provide loans of up to $3m to companies and research institutions for projects eligible for an R&D tax credit under the Federal Research and Development Tax Incentive program.

MAY 2017..

Federal budget 2017On 9 May 2017, the Turnbull Government handed down the 2017-18 Federal Budget. Measures to tackle home affordability were a part of this year’s Federal Budget, with two of these measures directly involving superannuation, including a newly announced First Home Super Saver Scheme and a scheme to facilitate downsizing among older people.

40 / INDUSTRY NEWS

ANNUALREPORT

ANNUAL REPORT | 41

Through 2016–17 there were several global political events we were closely monitoring.

The financial year began with investors finding their feet in a post-Brexit global economy. Australian super funds were affected short-term but losses were recovered in the following months, as the immediate-term impacts were predominantly confined to the UK.

Next, the world prepared for the US presidential election in November 2016, not knowing quite what to expect. Election day saw volatile share markets; however, taking their cue from Brexit, global equity markets went from strength to strength. Since then the US equity market has reached all-time highs. In December 2016, US interest rates were increased for the first time since the GFC, signalling economic growth and inflation.

The outcome of the French presidential election in May helped to stabilise the tone of European politics and, in turn, stabilised and strengthened European economic resolve.

Theresa May’s snap-election in the UK in June didn’t work out too well for her party but, fortunately, the outcome had little impact on global markets.

YOUR INVESTMENT RETURNSAfter comparatively low returns in 2015–16 across Australian super funds, we have achieved strong double-digit returns in the past financial year.

Our Balanced (MySuper) option – in which most members are invested – returned 11.53%3 for the financial year to 30 June 2017, well ahead of the median return of 10.53%.1

The pension Balanced investment option also continues to perform strongly, returning 12.49%3 for the financial year to 30 June 2017, also well ahead of the median return of 11.23%.2

Media Super’s Balanced (MySuper) option is well diversified across shares (Australian and international), property, infrastructure, fixed interest and cash investments, as well as various alternative investments, such as our R&D and Fulcrum film and television financing funds.

By investing in our Balanced (MySuper) investment option you also have added peace of mind knowing we have portfolio insurance in place, a mechanism designed to reduce the impact of losses if share markets fall heavily. We are one of the few funds that has this type of insurance in place.

THE YEAR AHEADThe global economy continues to display positive economic signs, including higher growth and job creation, in both the US and Europe. Around the world central banks are focusing on increasing interest rates to a more ‘normal’ level. This should be viewed positively, as the extraordinary post-GFC measures are slowly and tentatively unwound in the major economies.

THE YEAR IN REVIEWDespite a year of global political and economic uncertainty, Media Super’s investment strategy delivered strong returns for members. Investment returns for both our super and pension (default) Balanced options finished in the top 15 Australian super funds.1

42 | YEAR IN REVIEW

Broadly speaking, economic growth is positive for asset prices, such as shares, property and infrastructure; although given strong price rises in 2016–17 there may be limited further upside. In an environment of continuing moderate economic growth, low interest rates and low inflation, we are not likely to see another year of double-digit returns.

In any event, superannuation funds are focused on long-term investment objectives and returns. In Media Super’s case, the investment objective for the Balanced (MySuper) option is CPI + 3.5% over rolling 10-year periods.

Over the past three years we have worked to enhance our investment strategy and significantly improved our performance, in pursuit of that long-term goal.

WE’RE HERE TO HELPEverybody’s investment needs are different and if you have questions about your investment options or would like help developing an investment strategy that best meets your needs and circumstances, speak to a Media Super Financial Planner.*

You can arrange to speak to a financial planner by calling us on 1800 640 886.

25.0%

20.0%

15.0%

10.0%

5.0%

0%

–5.0%

–10.0%

–15.0%

1987

/1988

1988

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1989

/1990

1990

/1991

1991

/1992

1992

/1993

1993

/1994

1994

/1995

1995

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1996

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1998

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1999

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0

2000

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1

2001

/200

2

2002

/200

3

2003

/200

4

2004

/200

5

2005

/200

6

2006

/200

7

2007

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8

2008

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9

2009

/201

0

2010

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1

2011/

2012

2012

/201

3

2013

/201

4

2014/

2015

2015

/201

6

2016

/201

7

8.38%per year since

inception†

1. SuperRatings Fund Crediting Rate Survey – SR50 Balanced options (60-76) Index, June 2017.

2. SuperRatings Fund Crediting Rate Survey – SRP50 Balanced options (60-76) Index, June 2017.

3. Investment returns are not guaranteed and past performance gives no indication of future returns.

† Based on returns of the Balanced investment option from 1 January 1987 to 30 June 2017, after fees and taxes. Historical returns before 1 July 2008 are based on former Print Super investment returns.

* Media Super has engaged Industry Fund Services Limited (IFS) ABN 54 007 016 195 AFSL No 232514 to facilitate the provision of financial advice to members of Media Super. Advice is provided by one of our Financial Planners who are Representatives of IFS. Fees may apply. Further information about the cost of advice is set out in the relevant Financial Services Guide, a copy of which can be obtained by calling IFS on 1300 138 848. IFS is responsible for any personal advice given to you by its Representatives.

YEAR IN REVIEW | 43

INVESTMENT PERFORMANCE AND YOUR ACCOUNT

Your individual rate of return depends on factors including fees and costs, timing of transactions, any switches you have made and the actual mix of options that make up your account. Please refer to your statement for earnings applicable to your account.

SUPER MEMBERSInvestment returns for the financial year ending 30 June 2017 (% p.a. net of investment fees and taxes)

Option 1 year 3 years 5 years 7 years 10 years Since inception†Inception

date

High Growth 14.19 9.00 12.55 9.37 4.44 6.30 1/10/2000

Growth 12.83 8.39 11.07 8.61 4.50 6.74 1/07/1998

Balanced (MySuper) 11.53 7.83 10.07 8.21 4.61 8.38 1/01/1987

Stable 5.78 5.01 6.05 5.62 4.56 5.64 1/07/1998

Cash 1.66 2.05 2.39 2.91 3.29 3.83 1/01/2003

Australian Shares 13.21 6.85 11.81 8.95 4.18 7.50 1/04/2005

Overseas Shares 15.71 8.64 13.07 9.76 4.67 6.44 1/04/2005

Property 7.75 8.32 9.64 9.79 6.17 8.37 1/04/2005

Fixed Interest 1.69 3.32 3.96 4.63 4.93 4.58 1/08/2005

Sustainable Future Shares 12.66 9.74 12.53 9.17 4.17 6.76 1/08/2005

Diversified Shares* 14.68 – – – – 6.96 1/12/2014

Moderate Growth* 6.64 – – – – 4.86 1/11/2014

Income Plus* 7.52 – – – – 5.12 1/11/2014

Passive Australian Shares* 13.48 – – – – 7.45 1/11/2014

Australian Small Companies* 8.53 – – – – 4.34 1/11/2014

Passive International Shares* 12.88 – – – – 8.91 1/01/2015

Hedged International Shares* 20.68 – – – – 9.57 1/11/2014

Emerging Markets Shares* 17.08 – – – – 5.17 1/11/2014

Global Listed Property* 2.92 – – – – –0.32 1/11/2014

Global Listed Infrastructure* 12.67 – – – – 2.37 1/11/2014

Global Natural Resources* 0.64 – – – – –3.61 1/11/2014

Unlisted Infrastructure* – – – – – 5.91 01/10/2016

Direct Investment# – – – – – – –

SMARTPATH COHORT

SmartPath 2014–2018* – – – – – – –

SmartPath 2009–2013* – – – – – – –

SmartPath 2004–2008* – – – – – – –

SmartPath 1999–2003* – – – – – – –

SmartPath 1994–1998* – – – – – – –

SmartPath 1989–1993* 10.16 – – – – 6.18 1/09/2015

SmartPath 1984–1988* 9.44 – – – – 3.34 1/08/2015

SmartPath 1979–1983* 11.42 – – – – 3.61 1/04/2015

SmartPath 1974–1978* 12.04 – – – – 4.53 1/04/2015

SmartPath 1969–1973* 9.35 – – – – 4.29 1/04/2015

SmartPath 1964–1968* 11.06 – – – – 4.23 1/08/2015

44 | YEAR IN REVIEW

PENSION MEMBERSInvestment returns for the financial year ending 30 June 2017 (% p.a. net of investment fees and taxes)

Option 1 year 3 years 5 years 7 years 10 years Since inception†Inception

date

High Growth 15.36 10.15 14.10 10.52 4.52 6.67 1/07/2001

Growth 13.85 9.43 12.52 9.72 4.71 6.58 1/07/2001

Balanced (default) 12.49 8.88 11.42 9.31 4.92 6.55 1/07/2001

Stable 6.22 5.78 6.96 6.47 5.11 5.93 1/07/2001

Cash 1.95 2.40 2.80 3.41 3.87 4.42 1/01/2003

Australian Shares 14.17 7.98 13.16 9.94 4.19 7.80 1/04/2005

Overseas Shares 16.88 9.40 14.68 10.97 4.90 7.17 1/04/2005

Property 7.77 9.24 10.84 11.10 6.79 9.33 1/04/2005

Fixed Interest 1.75 3.76 4.56 5.37 5.75 5.46 1/08/2005

Sustainable Future Shares 13.66 10.62 13.68 10.00 4.00 6.87 1/08/2005

Diversified Shares* 15.09 – – – – 9.86 1/12/2015

Moderate Growth* 7.37 – – – – 5.22 1/12/2014

Income Plus* 7.00 – – – – 5.32 1/12/2014

Passive Australian Shares* 14.71 – – – – 12.76 1/11/2015

Australian Small Companies* 9.44 – – – – 7.91 1/05/2016

Passive International Shares* 14.20 – – – – 6.11 1/11/2015

Hedged International Shares* – – – – – 3.81 01/03/2017

Emerging Markets Shares* – – – – – – –

Global Listed Property* 1.70 – – – – –0.37 1/12/2014

Global Listed Infrastructure* 12.12 – – – – 2.77 1/12/2014

Global Natural Resources* – – – – – – –

Australian Shares (Tax Exempt)* – – – – – – –

Unlisted Infrastructure* – – – – – 6.72 01/11/2016

Direct Investment# – – – – – – –

LifetimePlus* – – – – – – –

Allocating Earnings

Investment options operate using a unitised system, which means the total value of your investment in Media Super is determined by multiplying the number of units you have in each of the investment options by the latest published sell price of each unit in the particular investment option. Unit prices for each of the Media Super investment options are updated on a weekly basis.

You can access updated prices at mediasuper.com.au or by calling our Super Helpline on 1800 640 886.† Historical returns before 1 July 2008 are based on former Print Super investment returns.

* These investment options were offered from 2014 or later and funds, if any, were first invested from their listed inception date and therefore past performance for the investment is not available prior to that.

# The Direct Investment option enables eligible members to invest part of their Media Super account in a range ASX300 listed shares, exchange traded funds and term deposits. As a result, returns for this investment option may be different for each member.

Investment warning: Investment returns are not guaranteed. Past performance gives no indication of future performance.

SUPER MEMBERSInvestment returns for the financial year ending 30 June 2017 (% p.a. net of investment fees and taxes)

Option 1 year 3 years 5 years 7 years 10 years Since inception†Inception

date

SmartPath 1959–1963* 9.34 – – – – 4.17 1/05/2015

SmartPath 1954–1958* 7.64 – – – – 3.48 1/06/2015

SmartPath 1949–1953* 9.00 – – – – 4.19 1/08/2015

SmartPath Pre–1949* 6.41 – – – – 6.99 1/04/2016

YEAR IN REVIEW | 45

The Trustee of Media Super is Media Super Limited.

The Board of Media Super Limited includes individuals nominated by the sponsors of Media Super to represent all members and employers. The Board appoints the Chairperson.

YOUR TRUSTEE DIRECTORS

GERARD NOONAN (CHAIRPERSON)

Member Representative

APPOINTED

1/07/2008

1/2/1991 to 30/06/2008 (Chair JUST Super)

NOMINATING ORGANISATION

> Media Entertainment and Arts Alliance (MEAA)

OTHER ROLES, DIRECTORSHIPS & EXPERIENCE

> Board member, AIST > President, ACSI > Director, The News Daily > Editor, Australian Financial Review, 1988–1992 > Chairperson of JUST Super, 1 February 1991 – 30 June 2008

> Former Chairperson of JUST Super Investment Audit and Compliance Committee

> Former President, AIST

QUALIFICATIONS

> Bachelor of Arts, Latrobe University > Master of Arts, Sydney University > Graduate of Australian Institute Superannuation Trustees

MEDIA SUPER BOARD COMMITTEE MEMBERSHIP

> Audit & Risk Committee > Insurance Committee > Remuneration & Nominations Committee > Investment Committee

46

LORRAINE CASSIN

Member Representative

APPOINTED

15/10/2009

NOMINATING ORGANISATION

> AMWU – Printing Division

OTHER ROLES, DIRECTORSHIPS & EXPERIENCE

> Federal Secretary, AMWU – Printing Division > Executive Member, ACTU > Member, Women on Boards > President, UNI Graphical & Packaging, APRO > Member, Pulp and Paper Industry Innovation Council

> Chairperson, Printing Industry Working Group > Member, Book Industry Collaborative Council > Member, Innovation & Business Skills Australia – Printing and Graphic Arts Sector Advisory Committee

> Future Print management committee member > National industry printing training committee director

> UNI Graphical and Packaging Global Union – Vice President

> Former Director, Amcor Super Fund

QUALIFICATIONS

> Graduate of Australian Institute of Superannuation Trustees

MEDIA SUPER BOARD COMMITTEE MEMBERSHIP

> Remuneration & Nominations Committee > Investment Committee

KATRINA FORD

Member Representative

APPOINTED

> 1/7/2008 > 20/8/2002 to 30/6/2008 (Print Super)

NOMINATING ORGANISATION

> AMWU – Printing Division

OTHER ROLES AND DIRECTORSHIPS

> Practising solicitor specialising in Industrial Employment Law

> National Industrial Officer, AMWU – Printing Division

> Member, Australian Plaintiff Lawyers Association > Panellist Member, Women on Boards

QUALIFICATIONS

> Bachelor of Arts and Law, UTS > Graduate of Australian Institute of Superannuation Trustees

> Certificate, Advocacy in the Commission, University of Sydney

MEDIA SUPER BOARD COMMITTEE MEMBERSHIP

> Audit and Risk Committee > Insurance Committee

YOUR TRUSTEE DIRECTORS | 47