2018 Treasurer's Report
Thursday 06 Dec 2018
Aligned with the experience of many people in the community the union’s finances have been tight. Following modest recent membership fee increases, 2019 will see member fees unchanged. It is now more important than ever that we grow the union’s membership – let’s increase members not fees!
The HSUWA reported an operating loss for the year, membership growth was negligible but positive at 0.1%. Sadly, this compares more than favourably with many other union’s experiences, it is a tough environment with flat wage growth and anti union laws.
On a cash basis the union was in the black for 2018, the overall figure was significantly impacted by depreciation (on the office fit-out) and increased provision for staff leave, and some higher staffing costs associated with unplanned absences.
Membership benefits still include $20 million of Indemnity Insurance, Journey Accident Cover up to $1,500 per week, the $5, 000 Bereavement Benefit, a free will and discounted legal services from Slater and Gordon, and access to discounts through Shoprite.
The auditors approved the financial statements without qualification. Copies of the complete financial statements audited by Anderson Munro & Wyllie, can be found here. Any member who does not have access to email or the internet can request a copy of the statements be sent to them.
If members have any questions or comments about the financial statements please contact Dan Hill at the HSUWA office.