National Entitlement Security Trust (NEST)
The National Entitlement Security Trust (NEST) is a national industry trust established to allow employers to safeguard the entitlements of their employees under any employment agreement or award. It is a not-for-profit trust open to any industry.
Any type of non-superannuation entitlement covered by an employment agreement or award can be paid into NEST. The most common of which are annual leave, long service leave, sick leave, severance, redundancy and productivity payments. Government legislation prevents superannuation entitlements being paid into NEST.
Business risks should not have to mean increased risk and exposure to loss for employees. NEST is here to protect employee entitlements and to ensure that employers have the right mechanism to provide security for their employees.
Employers participating in NEST enjoy the commercial benefits of immediate tax deductions on entitlements, predictable cash flows, reduced liability on their balance sheet and monthly investment income that can be used to fund future entitlement payments. These employers also win confidence and loyalty by providing complete security for their employees' entitlements.
NEST is administered by Coverforce Pty Ltd (ACN 067 079 261)
For further information on NEST you can visit the following links, or contact Coverforce.
• NEST frequently asked questions page
• NEST website - www.nest.net.au
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