August 2009 - The Police Association Victoria

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15 The Scholarship recipients with President Brian Rix (centre) and Peter Gahan from Monash University (second from right). Learning more about policing Twenty-five members of The Police Association have successfully completed the Monash University Employment Relations Professional Development Program. These members have taken their knowledge of policing to another level. The six-day course, held at the university’s CBD campus, has enabled the participants a better understanding of workplace issues; an insight into the art of negotiation and how to manage workplace conflict. The course has been adopted for police to ensure police get the most out of it. Participants will now be able to take these skills and improved understanding into their workplaces. Monash Professor Peter Gahan said the Association scholarships are a very positive development and he hoped that the members found the opportunity to use what they learned in their everyday working life. “We have adapted the course to ensure police get the most out of it”, Peter Gahan said. Presenting the scholarship recipients with a certificate to mark their successful completion of the course Association President Brian Rix said it is very important to skill up the membership on how industrial law relates to police in Victoria. “It is important we continue to work towards better industrial relations system for police officers. The Monash University Employment Relations Professional Development Program will be run again next year. Members interested in doing this course should contact the Association’s communication section for more details. Remembering their contribution The 25 scholarships honour three inspirational Police Association representatives who worked tirelessly for the Associations and its members. Phil Edge, Francis Heaney and Paul Carr left an indelible mark on The Police Association. These scholarships uphold their remarkable legacy and foster members who want to continue to uphold and improve the rights of their fellow police. Inspector Francis Heaney was the first president of The Police Association. Elected on June 27, 1917, his term was cut short when he tragically died of a heart attached during an Association meeting in October 1917. Phil Edge is a Life Member of the Association, a former delegate, executive member, OH&S officer and welfare officer. His commitment to members has been unflagging. Paul Carr boasted a 25-year career with the Victoria Police Force because his life was cut short during a tragic mountain climb in Tibet. Paul was a dedicated member of The Police Association Executive in which he served as treasurer. www.tpav.org.au The Police Association Journal August 2009
THE POLICE ASSOCIATION 16 Why super is still super! A couple of years ago, when share markets were rising rapidly, superannuation may have seemed like a sure-fire way to achieve a comfortable retirement. But a second year of negative returns for the average super fund* may have some people questioning whether super is still such a good investment? A world leading retirement incomes system Although confidence in super may have been dented by the market downturn of the past year, commentators both in Australia and overseas, regard Australian superannuation as a world leading retirement incomes system. It is considered to be a robust, sufficiently liquid, prudent and well regulated system for funding peoples’ retirement. Tax benefits add up Superannuation’s tax advantages can make a significant difference to your retirement benefit compared to investing outside super. The tax advantages include: • Investment returns within super are taxed at up to 15%, unlike investment returns outside super which are taxed at your marginal tax rate of up to 46.5%. • You don’t pay income tax on amounts you salary sacrifice to super. Instead, these super contributions (within the contribution caps) are taxed at 15%, which can be less than your marginal tax rate. In addition, you may pay a lower rate of income tax on your remaining salary if your salary sacrifice arrangement reduces your income to a lower income tax bracket. • Once you reach age 60 you pay no tax on any money you take out of super. • If you convert your super to a pension (eg. an ESSSuper Income Stream), no tax is paid on the investment earnings in your pension account. • You could receive up to $1,000 free from the Federal Government. If you earn $31,920 or less in the 2009/10 financial year, every dollar you personally contribute to super after-tax will be matched by the Government (up to a maximum of $1,000) – that’s a 100% increase on your original contribution! People earning up to $61,920 in the 2009/10 financial year can also benefit. A regular form of saving History shows that people tend to invest back in growth assets after there is clear evidence that the markets have turned for the better. By the time a market rebound has been confirmed it is generally too late to take advantage of a significant part of the rebound. While it is impossible to pick the bottom of markets, a structured approach to gradually drip feeding funds into growth assets allows investors to average into the market and benefit from a market rebound when it comes through. This is known as ‘dollar cost averaging’. The compulsory nature of super means that many people will be taking advantage of dollar cost averaging through their regular employer contributions. Additional contributions made now may also mean you’re picking up quality assets at “bargainbasement” prices, so that when a turnaround comes your balance may recover more quickly. All in all, super remains one of the most tax-effective savings strategies for retirement available. * Defined benefit fund members are likely to be less concerned about negative returns than accumulation super fund members as most defined benefit accounts are not directly affected by investment performance. ESSSuper is the superannuation fund for current and former Victorian emergency services employees, public sector employees and their spouses. For information about ESSSuper’s range of products and services go to www. esssuper.com.au or call 1300 650 161. Get active in your Association, speak to your Delegate or go to the website www.tpav.org.au Get active! VIC T O RIA August 2009 The Police Association Journal www.tpav.org.au
Page 1 and 2: VOLUME 75 - ISSUE 8 August 2009 www
Page 3 and 4: 3 President’s Message By Brian Ri
Page 5 and 6: 6 IR News Fair Work Act - What it m
Page 7 and 8: 8 Legal News Drug and Alcohol Testi
Page 9 and 10: 10 YARRA RANGES COUNCIL SUPPORTS PO
Page 11 and 12: 12 Black Saturday Who was in charge
Page 13: THE POLICE ASSOCIATION 14 In profil
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Page 19 and 20: 20 Police Association History The P
Page 21 and 22: 22 Victorian on the Front Line Figh
Page 23 and 24: 24 Allen & Unwin ‘Thriller Of The
Page 25 and 26: 26 An important message from Bluey
Page 27 and 28: 28 Photography by gregnoakes.com Ph
Page 29 and 30: 30 Member Classifieds Surfers Parad
Page 31 and 32: 32 Ocean Grove, Barwon Heads & The
Page 33 and 34: 34 Delegates Police Association Del
Page 35: xclusive savings …so easy ® ! Po

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