About The Trustee

Trustee Board and Officers

The following table shows a summary of the qualifications and experience of our current directors, together with the number of Board meetings they have attended over the past seven financial years.  

NamePositionQualificationsSummary Of ExperienceAttendance
Peter StrettonMember-elected director and ChairmanBA (Accounting)Since 1 July 2004. Re-appointed for three year term at election on 1 July 20132008/09: 3/4
2009/10: 4/4
2010/11: 4/4
2011/12: 4/4
2012/13: 3/3
2013/14: 4/4
2014/15: 3/3
2015/16: 1/1
Gilbert BratbyMember-elected director and Fund SecretaryBEc
MBA
LLB
Diploma of Corporate Management
Since 1 July 2004. Re-appointed for three year term at election on 1 July 20132008/09: 4/4
2009/10: 4/4
2010/11: 4/4
2011/12: 4/4
2012/13: 3/3
2013/14: 4/4
2014/15: 3/3
2015/16: 1/1
Mark AndrewsDirector appointed by the Manildra GroupBBus (Accounting)Since 28 April 2009.2008/09: 1/1
2009/10: 3/4
2010/11: 3/4
2011/12: 4/4
2012/13: 3/3
2013/14: 3/4
2014/15: 3/3
2015/16: 1/1
Christian PapaliaDirector appointed by the Manildra GroupBEc
MComm
CPA
Since 29 October 20152015/16: 1/1
Belinda BurtonIndependent Director appointed by the TrusteeLLB
LLM
Since 29 October 20152015/16: 1/1
John G HonanPrior to 29 October 2015, John Honan was a director appointed by the Manildra Group. From 29 October 2015, John became an alternate director for
Mark Andrews. Whenever Mr. Andrews is unable to perform his duties as a director (e.g. to attend a meeting), then Mr. Honan can act in his place.
BAgrEconSince 1 July 2004.2008/09: 3/4
2009/10: 3/4
2010/11: 3/4
2011/12: 1/4
2012/13: 2/3
2013/14: 2/4
2014/15: 1/3
Nicholas BardaAlternate director for Petter Stretton. Whenever Mr. Stretton is unable to perform his duties as a director (e.g. to attend a meeting), then Mr. Barda can act in his place.BA (Communications)Since 23 September 2013None in acting capacity (only required if director unavailable)
Peter Simpson Alternate director for Gilbert Bratby. Whenever Mr. Bratby is unable to perform his duties as a director (e.g. to attend a meeting), then Mr. Simpson can act in his place.BA (Communications)Since 20 September 2011.
Alternate Director for Peter Stretton until 6 September 2013 and for Gilbert Bratby from that date
None in acting capacity (only required if director unavailable)

Collective Competency

For more details on the directors: Collective Competency

Executive Remuneration

The Directors who are employees of the Manildra group, do not receive any remuneration from the Fund. Instead, the Manildra Group allows them to fulfil their duties as Directors of the Fund, without reducing their salaries as employees or directors of the Manildra Group. Belinda Burton receives a quarterly payment from the Manildra Group for her services as an Independent Director. The Fund may reimburse Directors for reasonable expenses incurred in their role as Directors of the Fund.

Each Director, other than the independent director, spends approximately one day for preparation and one day attendance at each trustee meeting, plus ad hoc time on trustee duties as required. The independent director spends at least an additional day of preparation for each meeting. Mr. Bratby spends approximately 5 hours per week on his duties as Fund Secretary in addition to the time spent on his duties as a Director.

Alternate Directors are only required to act when another director is unable to perform his duties. The Fund does not have any other Executive Officers (as defined in superannuation legislation).

Based on the time a Director spends on their duties as a Director, the annual remuneration of each director from 29 October 2015 is as follows:

  • Peter Stretton       $13,000
  • Mark Andrews      $7,000
  • Gilbert Bratby       $48,000
  • Christian Papalia  $5,000
  • Belinda Burton     $28,000