Portable Long Service Benefits Authority 2025-26 annual report
Summary
The report's own summary: Chairperson and Chief Executive Officer/ Registrar’s Report, pages 8 to 9
Generated summary: written by an AI model from the report text and checked against the cited pages.
The Portable Long Service Benefits Authority reported for the year ended 30 June 2026 on its administration of portable long service benefits for community services, contract cleaning and security workers.
The Authority reported that it was preparing for eligible workers to access benefits after seven years of recognised service.
It reported more than 80 compliance activities and investigations during the year, alongside targeted engagement and audits.
The Authority reported scheme assets of $983.2 million at 30 June 2026 and investment returns above the schemes’ required rate.
In the body's own words
- Finding
As at 30 June 2026, the schemes held total assets of $983.2 million to meet the future long service benefit obligations of registered workers.
Finances 4
Total income from transactions
$256,855 thousand
Printed as
Total income from transactions 256,855 262,157
Total expenses from transactions
$(168,372) thousand
Printed as
Total expenses from transactions (168,372) (188,038)
Employee benefits expense
$(12,644) thousand
Printed as
Employee benefits expense 3.3.1 (12,644) (9,405)
Net result
$88,483 thousand
Printed as
Net result 88,483 74,119
Staff 1
employees
98 people
Printed as
increasing staff from 77 employees on 1 July 2025 to 98 by 30 June 2026
Executives and remuneration 4
Executive
1
Printed as
Executive – – 1 1.0 1 1.0
Total number of executives
5
Printed as
Total number of executives 5 3
Total remuneration (i)
$973 thousand
Printed as
Total remuneration (i) 973 752
Total
$626 thousand
Printed as
Compensation of Key Management Personnel 2026 ($’000) 2025 ($’000) Total 626 580
Consultancies 3
Details of consultancies (valued at $10,000 or greater)
$140,000
Printed as
The total expenditure incurred during 2025-26 in relation to these consultancies is $140,000 (excluding GST)
Deloitte Consulting Pty Ltd
$51 thousand
Printed as
Deloitte Consulting Pty Ltd Advisory Service 1-May-25 31-Jul-25 51 51 NIL
Brooke Institute Pty Ltd
$89 thousand
Printed as
Brooke Institute Pty Ltd Advisory Service 24-Apr-24 30-Sep-25 256 89 NIL
About the document
- Edition
- Current edition
- Reading status
- Read by OPAX
- Pages
- 108
- Figures not found in the report
- Executive average remuneration; Head remuneration; Staff fte