Contributory Accumulation

Contributory Accumulation provides superannuation for seafarers and other employees working in the maritime industry. In this category, employers and working members should make contributions (at a minimum of 13% and 5% of Fund Benchmark Salary respectively).

Who can join?

To qualify for membership of the Contributory Accumulation category, you must be a seaman, steward, integrated rating, leading hand, deckhand, cook, chef, IR caterer, pipe or crane operator, greaser, fitter or coxswain and work in the maritime industry for a Participating Employer to the Seafarers division of Maritime Super. Ask your payroll office whether they can nominate you for membership of Contributory Accumulation.

If you work for SVITZER, Inco Ships, Nighturn, CSL, Teekay Shipping (Australia) Pty Ltd or Trident LNG Shipping Services Pty Ltd, other membership categories are available to you.

For further information call Member Services on toll free 1800 757 607.

Benefits at a glance

• Access to superannuation and retirement products that can take you through your working life and into retirement
• All profits helping members
• No contribution, establishment or exit fees
• Employer contributions of a minimum of 13% of Fund Benchmark Salary for employers sponsored by Participating Employers
• Access to investment options with sound long-term performance history
• Automatic insurance cover
• Other affordable insurance options
• Member services and an education program designed to help you make informed choices about your superannuation and retirement savings
• Affordable, quality advice from licensed financial planners
• Added benefits through associated providers such as home loans and other banking products

Learn more about Contributory Accumulation in the Member Guide.

Accumulation

Accumulation provides superannuation for seafarers and other employees working in the maritime industry. In this category, only employer sponsors are required to make contributions (at the level required to meet their Superannuation Guarantee (SG) obligations).

Who can join?

To qualify for membership of the Accumulation category, you must be a master, ships officer, deck officer, mate, engineer, electrician, radio operator, shipwright, purser, or on-shore administration or management and be employed in the maritime industry for a Participating Employer to the Seafarers division of Maritime Super.

If you are an employee of SVITZER, Inco Ships, Nighturn, CSL, Teekay Shipping (Australia) Pty Ltd or Trident LNG Shipping Services Pty Ltd, other membership categories may be available to you.

Benefits at a glance

• Access to superannuation and retirement products that can take you through your working life and into retirement
• All profits helping members
• No contribution, establishment or exit fees
• Access to investment options with sound long-term performance history
• Affordable insurance options
• Member services and an education program designed to help you make informed choices about your superannuation and retirement savings
• Affordable, quality advice from licensed financial planners
• Added benefits through associated providers such as home loans and other banking products

Learn more about the Accumulation category in the Member Guide.

INCO Sub-fund

The INCO category is a sub-fund of the Seafarers division of Maritime Super which is employer-sponsored.

Who can join?

To qualify for membership in the Inco Sub-fund, you will be a seafaring employee of Inco Ships, Nighturn or CSL and your employer will nominate you for membership.

As an Inco Sub-fund member, you can keep your benefit with Maritime Super for as long as you wish - this applies even if you take up employment outside the seafaring industry.

Benefits at a glance

• Access to superannuation and retirement products that can take you through your working life and into retirement
• All profits helping members
• No contribution, establishment or exit fees
• Access to investment options with sound long-term performance history
• Automatic insurance cover
• Other affordable insurance options
• Member services and an education program designed to help you make informed choices about your superannuation and retirement savings
• Affordable, quality advice from licensed financial planners
• Added benefits through associated providers such as home loans and other banking products

Learn more about the Inco category in the Member Guide.

SVITZER Accumulation

The SVITZER Accumulation category is a sub-fund of the Seafarers division of Maritime Super which is employer-sponsored.

Who can join?

To qualify for membership in the SVITZER category you must be an employee of SVITZER.

Benefits at a glance

• Access to superannuation and retirement products that can take you through your working life and into retirement
• All profits helping members
• No contribution, establishment or exit fees
• Access to investment options with sound long-term performance history
• Automatic insurance cover
• Member services and an education program designed to help you make informed choices about your superannuation and retirement savings
• Affordable, quality advice from licensed financial planners
• Added benefits through associated providers such as home loans and other banking products

Learn more about Svitzer Accumulation in the Member Guide.

AMOU Staff

The AMOU Staff category provides superannuation for employees working for the Australian Maritime Officers Union (AMOU). In this category, AMOU funds the member's Basic insurance cover on death or disablement.

Who can join?

To qualify for membership in this category you must be an employee of AMOU.

Benefits at a glance

• AMOU makes contributions on your behalf equal to 18% of your Salary
• Basic insurance cover on death and disablement funded by AMOU
• Other affordable insurance options on death and disablement
• All profits helping members
• No contribution, establishment or exit fees
• Access to investment options with sound long-term performance history
• Member services and an education program designed to help you make informed choices about your superannuation and retirement savings
• Affordable, quality advice from licensed financial planners
• Added benefits through associated providers such as home loans and other banking products

Learn more about the AMOU Staff category in the Member Guide

Closed Products

The Seafarers division also includes the SVITZER defined benefit category (includes ex Howard Smith defined benefit members and ex P & O defined benefit members) and three pension products (includes Lifetime, Fixed-Term and Term Allocated Pensions), which are not open to new members.

If you are the holder of one of these closed products, you should contact Member Services for more information on your benefits or the terms and conditions of any pension.