INSURANCE VOLUNTARY CODE OF PRACTICE
Our insurance promise to you
BUSSQ has always sought to provide members with the most appropriate and competitive insurance benefits for building and construction workers. BUSSQ supports the Insurance in Superannuation Voluntary Code of Practice generally and will adopt all elements that are in the best interests of our members and consistent with our other legal duties.
BUSSQ has adopted the Insurance in Superannuation Voluntary Code of Practice (Code), which commenced on 1 July 2018. The Code is the superannuation industry’s commitment to high standards when providing insurance cover to members. Find out more about the Code and our Transition Plan.
Annual Code Compliance Report
As part of adopting the Code, we are required to publish an Annual Code Compliance Report on our website. The Annual Code Compliance Report is to include:
- instances where we have failed to comply with the Code
- where we have determined that complying with the Code is not in the best interests of our members
- any steps we are taking to improve our Code compliance.
As we are making the transition to the Code over the period 1 July 2018 to 30 June 2021, our first Annual Code Compliance Report reflects the progress we have made so far.