Mutual Benefit Fund

In addition to the benefits of using our redundancy trust fund, you can further enhance your employee benefit package by joining our Mutual Benefit Fund*.

Our Mutual Benefit Fund is comprises of a combination of trust and insurance cover that offers the following benefits**:

• Journey Cover – for loss of income benefit for bodily injury and lump sum benefit including in case of accidental death occurring while traveling between home and work, as well as between approved travel to offsite learning or training centres, or where you’re travelling at authorised lunch and/or meal breaks.
• Ambulance Cover – for members and their spouse and dependent children, ambulance or emergency transport when sick or injured anywhere in Australia.
• Funeral / Child Care Cover – to help manage the cost of funeral expenses for members (under the age of 76) and their spouse and dependent children and childcare benefits upon the accidental death of a member or a spouse or partner.
• Leisure Travel Cover – for members, as well as their spouses, partners and dependent children for up to 120 days, where certain injury, sickness or unforeseen events occur when travelling for leisure, including specified medical, property and cancellation costs.

**Terms, conditions, limits and exclusions apply. Please refer to the MBF Product Disclosure Statement(s), together with the policy wordings, available on this page for full details of each of the coverages set out above or contact our broker, Howden on 1300 904 503 or building.trusts@howdengroup.com for further information. For claims, please contact 1300 375 723 or email the claim form to claims.aus@claimsx.com.au

*The ReddiFund Mutual Benefit Fund Discretionary Trust (“Mutual Benefit Fund”) is a trust established and issued by Alternative Risk Management Services Pty Ltd ABN 70 649 963 191, AFSL 530893 (“Trustee”), arranged by ReddiFund Limited ABN 98 009 404 273 (“ReddiFund”) and distributed by Howden Insurance Brokers (Australia) Pty Ltd ABN 79 644 885 AFSL No. 539613 (“Howden”). It is made up of two parts – trust cover and insurance cover. The cover provided by the discretionary trust is risk cover and subject to the trustee’s discretion and terms, conditions, limits and exclusions. The insurance cover is insurance and subject to terms, conditions, limits and exclusions. The insurance cover is arranged as a group policy by the Trustee on behalf of eligible members who gain access to policy benefits as third party beneficiaries and via payment of a monthly contribution. Eligible workers should speak with participating employers who facilitate access to this coverage.

Any advice in relation to the discretionary trust is provided by Howden which is a related entity of the Trustee. Any advice or recommendations are general in nature and do not take into account your individual objectives, financial situation or needs. Please read all relevant Policy Wordings, Product Disclosure Statements and any other information we provide before deciding if this is right for you.