Incolink's response to a recent article published in the Australian Financial Review

We were recently contacted by the Australian Financial Review to provide comment on an article relating to our support for regulation of our sector and what areas we think should be regulated.

Not only was our response not included in the print edition but the article focused on an allegation relating to dormant member accounts, which we were not asked to provide comment on.

Our formal response to the claims made in the article can be found below:

“Incolink always acts in accordance with state and federal laws, our trust deed, and external legal advice.

Where member accounts have been dormant for a certain period and members are unable to be contacted, those funds can be utilised to cover reasonable administration expenses of the Fund under our approved trust deed provisions. Our trust deed provisions mirror those at other Approved Worker Entitlement Funds.

In all cases where a member has sought reinstatement of a previously forfeited balance, Incolink has honoured that request and reinstated the member balance.

Incolink categorically rejects that such funds are distributed to shareholders.

These allegations are malicious and incorrect. Incolink reserves its rights and is obtaining legal advice.”

You can read our Trust Deeds in full here.