NESS was formed in 1987 specifically to provide superannuation benefits for employees of employers in the electrical contracting, communication and associated industries in New South Wales. NESS is still dedicated to providing those services to employers, members and their beneficiaries.
NESS is a non-profit organisation that does not pay commissions. All the earnings, less a small Contingency Reserve, go to members every year.
The Trustee responsible for managing NESS is the New South Wales Electrical Superannuation Scheme Pty Limited (ABN 28 003 156 812), which comprises member representatives from the Electrical Trades Union (ETU) and employer representatives from the National Electrical Contractors Association (NECA).
The Directors of the Trustee are responsible for managing NESS in the best interests of the members. The Directors and Secretary, at 31 August 2012 were:
- Tony Glossop - Chairman of Trustee Directors (NECA appointed)
- John McCrory - Chairman of the Audit & Compliance Committee (Independent Director)
- Paul Sinclair (ETU appointed)
- Russell Wilson (ETU appointed)
- Reg Young (NECA appointed)
- Angie Mastrippolito - Fund Secretary / CEO
The Directors ensure that NESS is operated in accordance with its Trust Deed, rules and superannuation law, for the benefit of all members. NESS is also required to comply with the terms of its licences with superannuation regulators ASIC and APRA.