About Incolink

Incolink is Australia’s oldest, largest and most comprehensive workers’ entitlement scheme. Incolink is the safety net for the building and construction industry.

Incolink provides a safety net for workers in the commercial building and construction industry where permanency and continuity of employment are significant issues. Our members get the security of redundancy payments, portable sick leave, income protection insurance and industry-best training. Through sound investment of member entitlements, we fund health and wellbeing supports like counselling and mental health services to build a stronger industry and help workers when they need us most. We are Australia’s largest provider of severance benefits and income protection, and a true employer and union partnership.

Incolink Strategy


Brian Boyd

Independent Chairman (Non-voting)

Brian was a Director since 1992 through to the end of 2019. He is the immediate past Secretary of the Victorian Trades Hall Council and Convenor of the Building Industry Group of Unions (BIG).

Earl Setches

Director (since 2002)

Earl has been actively involved in the plumbing industry for 30 years. In 2001 Earl was elected State and Federal Secretary of the Plumbing Trades Employees Union, and he has held both roles ever since. Earl is also Chair of the Plumbing Industry Climate Action Centre and Indigenous Plumbing and Sanitation Foundation, and is a Board Member of the Victorian Building Authority Plumbing Advisory Council, the Building Industry Consultative Committee, Incolink, CBus and the Plumbing Joint Training Fund.

John Setka

Director (since 2022)

Born and bred in Melbourne’s western suburbs of Footscray, John Setka, has been a union man all his working life. Once he completed his apprenticeship as a motor mechanic, from the age of nineteen he began working as a builders’ labourer, following in the footsteps of his father Bob, who was a Rigger and was working on the West Gate Bridge when it came down in 1970, he was able to see firsthand the improvements that the union made on the job.
“Seeing the union in action and seeing the results they delivered inspired me to be a union activist,” he says.
It was not long before he drew the attention of the union leadership of the late John Cummins President of the BLF, who employed him as an organiser in 1986 at the young age of 22.
John is proud of the achievements of the CFMEU and under his leadership wants to strengthen and broaden the union presence on building sites in Victoria, so that more workers receive EBA pay and conditions.
John served four years as Assistant Secretary of the Victorian CFMEU before being elected in 2013 to lead the Branch.
John joined Incolink as a director in January 2022, and has completed the AICD Foundation for Directors course.

Michaela Lihou

Director (Since 2021)

Michaela leads the development of Master Builders Victoria’s corporate strategy and empowers the MBV team to live and inspire MBV's values, and consistently strengthen their capabilities. Her customer-centric team adds value to MBV members and customers and helps them succeed through the provision of OHS, IR and Legal advisory services and solutions.

Noel Washington

Director (since 2017)

Noel worked in the metal and construction industry for 10 years before he became a Union Official for 25 years with FEDFA and CFMEU where he held the Senior Vice-President position. He has also served on various CFMEU Boards and Committees as well as the Construction Industry Training Board Tasmania.

Peter Daly

Director (Since 2021)

With more than 20 years’ experience in senior leadership roles in the corporate and not-for-profit sectors, Peter has a deep understanding of membership organisations and a proven history of working successfully with government and industry to build consensus around business and public policy outcomes. He is a Civil Engineer and a member of the Australian Institute of Company Directors. Peter is the CEO and Secretary of Master Plumbers and Mechanical Services Association of Australia, member of various government advisory bodies and Director on the board of a number of business entities and charitable organisations.

Adam Darby

Director (Since 2021)

Adam is the Managing Director of Wagstaff Piling Pty Ltd, an Australian owned foundation engineering contractor with operations nationally and in New Zealand. Prior to becoming Managing Director, Adam was the Group Finance & Strategy Director. Adam has a professional background in finance and law.

Robert Graauwmans

Director (since 2022)

Born and bred in Geelong, Rob has been a member of the CFMEU since 1996, coming from the FEDFA side of the Union.
Rob worked primarily interstate for the first 8 years of his working life both as a Rigger and Crane Operator.
Rob joined the CFMEU as an Organiser in 2006 and spent 5 years Organising in the Western District.
Moving from Geelong to Melbourne in 2011, Rob was appointed the Organiser for Mobile Cranes as well as Organising in the Eastern Suburbs.
He was elected as Vice-President in 2016 and at the turn of the 2020 ticket, was elected President.
Rob’s vision is to broaden and diversify the Union so more people can enjoy the benefits of being a Union member. He has a strong commitment to achieving justice, fairness, equality and dignity for all workers.
Rob joined Incolink as a director in January 2022, and has completed the AICD Foundation for Directors course.

Rebecca Casson

Director (Since 2022)

Rebecca is the CEO of Master Builders Victoria - the first woman to be appointed as CEO in the Association’s 147-year history.

Rebecca has enhanced MBV’s reputation as a credible industry voice by developing strong relationships with the Victorian Government and working collaboratively with industry unions and employer associations.

Rebecca has a strong background in government, industry and the not-for-profit sector. She has held senior roles across a wide range of portfolios including international engagement, government relations, corporate diplomacy, and major projects, together with public policy development and implementation.

Rebecca currently serves on the Board of Master Builders Insurance Brokers and the Victorian Skills Authority and is the Chairperson of the Building Industry Consultative Committee.

Claire Filson

Independent Non-Executive Director (Since 2022)

Claire is an experienced non-executive director with more than 20 years’ experience on State and Federal Government boards and in superannuation and infrastructure businesses.

Chairing audit, risk, finance, and remuneration committees, Claire has experience in superannuation, insurance, funds management, infrastructure and property including ports, roads, rail and utilities. Her knowledge and skills include corporate legal advice, strategic risk management, compliance and governance.

While working in private legal practice, Claire was a construction lawyer working for major national law firms in Perth and Melbourne.

Claire currently sits on the board of Greater Western Water in Victoria, and is the Deputy Chair of the Port of Hastings Corporation, the Portable Long Service Benefits Authority and the Indigenous Land & Sea Corporation.

She is also Chair and independent member of the City of Kingston Audit and Risk Committee.

Erik Locke
Chief Executive

Ashleigh Connolly
Chief Operating Officer

Niall Keane
Chief Financial Officer

Tri Nguyen
General Counsel & Company Secretary

Employer AssociationsIndustry Unions
AMCA - Air Conditioning and Mechanical Contractors' Association of VictoriaAMWU - Australian Manufacturing Workers Union
AWCIV - Association of Wall and Ceiling Industries VictoriaCEPU (Plumbing Division, PPTEU) -Communications, Electrical and Plumbing Union (Plumbing Division, Plumbing and Pipe Trades and Employees Union)
CCF - Civil Contractors Federation Victorian BranchCFMEU Vic-Tas (Construction & General) - Construction, Forestry, Mining & Energy Union, Victoria-Tasmania - Construction & General
MBAV - Master Builders VictoriaCFMEU Vic-Tas (Construction & General) - Construction, Forestry, Mining & Energy Union, Victoria-Tasmania - Construction & General
MPAV - Master Painters Association of Victoria/TasmaniaRTBU - Rail, Tram and Bus Union
MP&MSAA - Master Plumbers and Mechanical Services Association of AustraliaVTHC - Victorian Trades Hall Council
NFIA - National Fire Industry Association

Conduct annual reviews of staff salaries and remuneration for members of the Board and implement any decisions of the Committee resulting from any such review.

Brian BoydIndependent Chairman
John SetkaDirectorRobert Graauwmans
Michaela LihouDirector
Tri Duc Nguyen, GC & CSCommittee Secretary

Assist the Board in the oversight of investments. Oversee and monitor the investment governance framework; review investment objectives, strategies, and policies on a regular basis; review the performance of investments; and generally review all investment proposals and transactions prior to Board approval.

Brian BoydIndependent Chairman
Michaela LihouDirector
John SetkaDirectorRobert Graauwmans
Earl SetchesDirectorPaddy McCrudden
Niall Keane, CFOCommittee Secretary

Review the financial performance of Incolink; Oversee the audit program; Oversee the management of risk in accordance with the Risk Management Framework.

Michaela Lihou
Peter DalyMember
Noel WashingtonDirectorRobert Graauwmans
Robert GraauwmansDirectorNoel Washington
Niall Keane, CFOCommittee Secretary

Oversight of Member wellbeing and support programs; the performance of Incolink scheme insurances; sponsorships and donations; Member compliance, service standards, complaints handling. Review any other operational changes/programs that may impact the Member.

Brian BoydIndependent Chairman
Michael LihouDirector
Noel WashingtonDirectorRobert Graauwmans
Robert GraauwmansDirectorJohn Setka
Ashleigh Connolly, Chief Operating OfficerCommittee Secretary

Annual Report

Incolink's annual reports illustrate how we go about being the construction industry safetynet.

The report outlines our financial position and our investment performance, in line with our investment strategy.

We also highlight the vital partnership and sponsorship arrangements we have with organisations, government bodies and service providers which assist us in delivering for our members.

In 2020, we shifted to a fully digital reporting format. Visit to access the latest Annual Report.

You can also access previous versions of the Incolink Annual Report below.

For further information please contact

Investment Strategy

We manage investments that are held in trust in a responsible and professional manner for the best risk-adjusted returns for members and industry stakeholders. This means we can readily meet member claim obligations, fund our operations, meet the wellbeing and support needs of our members, and reinvest back into the industry.

We fund skills-based registered training providers and industry led OH&S Training and Awareness projects.

Incolink constructs its portfolio by investing in a broad range of diversified asset classes with the required blended risk and return characteristics. An external investment consultant is engaged to provide expert advice to management and directors on the composition of the portfolio and external fund managers appointed to manage these strategies.

Return objective (i.e. what the investment portfolio should achieve)Funding target (i.e. the amount of investment assets compared to member liabilities)
4.5% after tax and fees (or approximately 6.5% before tax and fees)110% (or assets are 10% more than the liabilities)

Incolink measures the true success of investment performance against the return objective over rolling four-year periods. Over the four years to 30 June 2019, Incolink’s investment portfolio outperformed both the market benchmark (7.5% vs 6.7%) and the return objective (7.5% vs 7.4%).

Incolink’s funding coverage buffer as at 30 June 2019 stood at 126%


Trust Deeds

Trustee Determinations

Deeds of Amendment