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Recent Media Update
27 May 2025
Retirees WA acknowledges concerns and allegations relating to past financial decisions that have been raised in reporting by the ABC.
Internally, we have worked hard with the help of Department of Energy, Mines, Industry Regulations and Safety to significantly deepen our processes to ensure a much stronger organisation with a focus on accountability, financial oversight and internal governance.
Retirees WA reassures members that all existing and future claims in relation to their Funeral Fund contributions will be honoured.
Senior Executives and Board of Retirees WA (which includes a clinical specialist for our aged care and retirement village sectors) are committed to the strong internal processes and we are already seeing the benefits of that work.
We have worked on overhauling our governance, financial oversight and internal controls. We have a robust and balanced board, that is committed to keeping members and residents as updated on developments as possible within the legal framework we are in, to ensure their ongoing confidence in Retirees WA.
Including through the remediation process, we have created a more transparent, accountable and member/resident -focused organisation. A key milestone on that journey has been the development of a new constitution that is modern, member/resident-focused, and can strengthen the governance procedures of the organisation moving forward. Importantly, this also includes the appointment of four independent board members to bring clear oversight, experience and perspective. This added layer of governance addresses some of the gaps that may have existed in the past and ensures a stronger foundation for the future.
As an organisation we are committed to being as transparent as practicable about the changes we have undertaken. Retirees WA has been undergoing a transition for the better, and Retirees WA is confident that members/residents will benefit from the recent changes to our governance, financial oversight and internal controls.
