2023-26 Corporate Plan
The Authority’s 2023-26 Corporate Plan sets out the Authority’s short - medium term priorities and key performance measures. These priorities focus the Authority to ensure that:
- Covered employers and workers are registered
- Service of workers is captured
- Outstanding levies are paid
- The Authority has a strong, intelligence-led and risk-based compliance and enforcement program
- The Authority is able to process a high volume of claims.
With key priorities directing the Authority’s actions to June 2026, the specific areas of strategic focus for the Authority as approved by the Governing Board are:
- Identify and engage with key stakeholders.
- Implementing our Compliance and Enforcement Framework.
- Evolve baseline infrastructure to better practice systems and processes across the Scheme.
During the 2024-25 financial year, the Authority successfully executed multiple areas of strategic focus, operating in a fiscally responsible manner while maintaining strong governance frameworks. This is reflected in the results detailed below, with the Authority exceeding and remaining on-track for 12 of the 12 targets set out in our 2023-26 Corporate Plan.
2026 Performance measures
The Authority has identified the following relevant key performance indicators to measure the progress of performance by 30 June 2026.
| Employers registered | 4,300 |
| Workers registered | 400,000 |
| Levies invoiced to the Authority within 60 days of the end of each reporting period | 90% |
| (Target) Funding Ration | 110% |
| VPS People Matter Survey participation rate | 85% |
| Completed compliance investigations within 12-month period | 80 |
| Implementation of Integrated IT infrastructure to be claims ready in 2026-27 | 100% |
| Successful enforcement court action | 2 |
| Engagement activities and publication of insights on covered sectors | 4 per annum |
*includes compliance activity and/outstanding debtor recovery activities
Leading the way with our national AusLeave peers
For the second consecutive year, the Authority hosted the national AusLeave conference. AusLeave provides an opportunity for the leaders of Australia’s nine state and territory-based portable long service authorities to discuss their joint goals for workers in various industries.
More than two million workers in industries ranging from building and construction, community services, contract cleaning and security are covered by Australia’s portable long service leave schemes.
The schemes, which fall under the banner of AusLeave, collectively manage more than $5 billion dollars held for the benefit of workers in the covered industries.
The AusLeave conference, which brought together the Chairs and Chief Executive Officers, was held on Thursday 20 and Friday 21 of March 2025.
The Authority also hosted online sessions involving various business units including finance, legal, communications and information technology.
The following state and territory authorities attended the conference:
- ACT Leave – Australian Capital Territory’s construction, contract cleaning, community services, security and services industries
- LeavePlus – Victoria’s construction industry
- Long Service Corporation - New South Wales construction and contract cleaning industries
- MyLeave – Western Australia’s construction industry
- NT Build – Northern Territory’s construction industry
- Portable Long Service Authority – Victoria’s community services, contract cleaning and security industries
- SA Portable Long Service Leave – South Australia’s construction and community services industries
- TasBuild – Tasmania’s construction industry
- QLeave – Queensland's building and construction, contract cleaning and community services industries
Identify and engage key stakeholders
| Achievements towards Performance Measures | Unit of Measure | 2026 Target | 2024-25 Actual | On-track |
| Quantity | ||||
| Employers Registered | Number | 4,300 | 3,847 | Yes |
| Workers Registered | Number | 400,000 | 428,195 | Yes |
| Engagement activities and publication of insights on covered sectors | Number | 4 per year | 6 | Yes |
Increasing stakeholder awareness and understanding of the Scheme, as well as employer compliance are central themes in the 2023-26 Corporate Plan. In 2024-25, the Authority met its performance measure for engagement activities and publication of insights on covered sectors. Communications and engagement are vital to the continued growth of the Scheme.
Our 2024-25 activities were informed by user and market research and insights drawn from a strategic project focusing on innovative analysis and methods to ensure covered employers are aware of and complying with their obligations under the Scheme, including through collaboration with government and peak bodies, utilisation of publicly available material and direct proactive engagement with potential employers.
The Authority participated in two major community services expos in Melbourne and Geelong. These expos focused on the disability sector, with more than 6,700 people attending. The Authority also engaged with government agencies, disability service providers and consumers. Our work continued to identify employers who should be registered with the Scheme and the under-registration of workers.
By hosting two national AusLeave conferences, the Authority reinforced its leadership position in the portable long service sector. Chairs and senior executives from the nine portable long service leave authorities attended to network and exchange information on operations and emerging industry developments.
In addition to expos and conferences, the Authority presented information on the Scheme at Victorian Law Week, held an event for our 5-year anniversary in Bendigo which was attended by local employers and delivered monthly online training sessions for employers on quarterly returns.
The Authority also engaged directly with employers and peak bodies to assist in the streamlining of our processes. One example is the simplified reporting of hours and ordinary pay in quarterly returns. This simplification was well-received by employers and peak bodies and enabled us to strengthen relationships with these external stakeholders.
Identifying under-registered employers and workers
The Authority is exploring innovative ways to ensure covered employers are aware of and complying with their obligations under the Scheme.
In one instance, we attended a promotional event for employers in the community services sector and met directly with community services employers and workers. After the event, we sent correspondence to employers who were not registered and appeared potentially covered by the Scheme.
We also recognise that, in order to ensure all employers and their workers are registered, there is a role for the Authority to play in ensuring employers and workers understand the Scheme’s coverage. To support this, we increased our educational guidance to the sectors, through the Authority's eNewsletter and the website, and in direct engagement with peak bodies. This has included, for example, guidance on coverage of security trainers, NDIS providers and room attendants. This communication and education activity will grow further in the next financial year.
One business engaged with in this way was a community services employer with over 420 workers performing covered work. This employer now understands their obligation, has applied for registration and is in the process of filing backdated quarterly returns and paying its levies. Many of the employer’s workers were not previously registered for the Scheme and will now be able to accrue portable long service entitlements.
We continue to engage with unregistered potential employers to ensure they understand their obligations under the Scheme so that all covered workers can access the portable long service benefits they are entitled to.
Ensuring more workers now know their rights
The Authority delivered a range of communication and engagement projects and activities during the 2024-25 financial year to educate workers about their rights under the Scheme.
The Authority’s website content was refreshed in October 2024 and a new site went live in March 2025. The new design saw content arranged in worker and employer streams, with the new menu structure and content significantly improving the user experience. Enhancements targeting workers also included a self-registration process and guidance materials explaining this process. An SMS campaign also targeted workers encouraging them to ensure contact details were up to date to enable them to receive the benefits they are entitled to.
A broad awareness campaign for workers was launched in February 2025. The message was: “If you work in community services, contract cleaning or the security industry, you may be eligible for portable long service leave. Find out if you are eligible by going to the PLSA website.”
The worker awareness campaign was followed by an employer obligation campaign in June 2025, calling on covered employers to register themselves and their workers with the Authority.
There was a focus on culturally and linguistically diverse audiences in both campaigns, with communications material translated into ten languages for social media and multicultural publications. The translations were simplified and traditional Chinese, Sinhalese, Arabic, Korean, Italian, Vietnamese, Hindi, Punjabi and Spanish.
High value stakeholders including unions, employers and peak organisations were sent a ‘campaign stakeholder kit’ to give them the opportunity to distribute our campaign assets and messaging through their networks to workers covered by the Scheme.
Celebrating five years with local employers at Galkangu Bendigo GovHub
July 2024 marked the fifth year of operation of the Authority. To acknowledge this milestone, an event was held in August 2024 at our head office, located at Galkangu Bendigo GovHub.
The event was opened by Board Chair Julius Roe, and attended by the Honourable Maree Edwards, Speaker of the Victorian Legislative Assembly and the Member for Bendigo West. Also in attendance were representatives from the Bendigo Cleaning Company, central and northern Victoria disability services provider, Lifely and training provider ICAN Learn, a division of the Indigenous Consumer Assistance Network. These organisations are all local Bendigo employers registered with the Scheme.
Ms Edwards thanked the Authority and staff for their commitment to providing a better financial outcome for workers in the community services, contract cleaning and security industries who before the Scheme commenced in July 2019, often missed out on long service due to the tenuous nature of their jobs. Chief Executive Officer and Registrar Joseph Yeung concluded the event by highlighting that it was an honour to host the event and a great opportunity to meet and connect with local employers who show a vested interest in the future of their workforce by participating in the Scheme.
Implementing our Compliance and Enforcement Framework
| Achievements towards Performance Measures | Unit of Measure | 2026 Target | 2023-24 Actual | On-track |
| Quantity |
|
|
|
|
| Levies invoiced to the Authority within 60 Days of the end of each reporting period | % | 90% | 83%* | Yes |
| Completed compliance investigations within 12-month period (includes compliance activity and/or civil debtor activity) | Number | 80 per year | 80+ | Yes |
| Successful enforcement court actions | Number | 2+ | 10# | Yes |
* Based on the last quarter
# Comprising 3 default judgements in the Magistrate's Court of Victoria and 7 winding up applications in the Supreme Court of Victoria for employers who had failed to pay their levies.
The Authority is on track implementing our compliance and enforcement framework. This focused strategic approach has seen the program evolve from an education-based to an intelligenceled stronger compliance approach based on risk.
To support this work there has been a significant investment in growth recruitment with the establishment of two new teams: Employer Regulation and Investigations. With the new teams onboarded, focus shifted to operationalising the compliance and enforcement framework. These teams conduct the Authority's field activity following advanced government investigation techniques and procedures. Some of the work performed by the team during the year included a co-ordinated operation targeting unregistered employers in the disability sector in Geelong.
The Authority’s civil debt recovery work in the Magistrates Court of Victoria and Supreme Court of Victoria targets employers who fail to pay their levies.
In 2024-25, a community services employer with over 180 workers who failed to pay levies over an extended period was wound up in insolvency and placed into liquidation.
Another example includes a security and cleaning company, employing nearly 200 mostly casual workers, who after ceasing complying with its levy and quarterly return obligations, the Authority filed a winding up application, which led to the employer making payment in full and the Authority recovering all outstanding amounts as well as legal costs. This employer is now up to date on its outstanding quarterly returns, ensuring workers have correctly recorded service hours and accurate portable long service leave entitlements.
Lastly, the Authority is on track to meet the first target to continue to reduce the number of days to issue invoices towards the 60-day target by 2026. This has been supported by further resourcing the team and consultation with employer peak bodies which led us to simplify the reporting of hours and ordinary pay in quarterly returns to reduce the reporting impost on employers.
Targeting strategic enforcement in Geelong
Recognising the critical role of compliance in preserving the integrity of the Scheme, the Authority launched a targeted strategy to identify non-compliant employers within the disability services sector.
In its first coordinated education and compliance initiative, the Authority focused on disability service providers based in Geelong. The operation leveraged a multi-disciplinary approach, drawing on expertise from the Customer Service, Communications, Legal, Project Management and Investigations teams.
Geelong, home to the National Disability Insurance Agency headquarters, has a high concentration of disability providers. The pilot was designed to deepen the Authority’s understanding of the size and scope of the disability sector, which falls under the broader category of community services.
There were 3 phases of the pilot:
1. Desktop identification of potentially non-compliant employers
2. Stakeholder engagement via participation in the 2025 Geelong Disability Expo
3. Fieldwork conducted across the Geelong region.
The desktop review was undertaken as part of our program of work to identify covered employers who have not registered with the Authority and to conduct direct outreach with those employers to facilitate their registration.
At the expo, Authority staff interacted with over 100 workers and employers, with approximately 1,500 people attending the two-day event. The Authority also engaged in follow up outreach with employers who had sought further information regarding their obligations and those that were identified as not registered with the Scheme.
After the expo, our newly established Investigations team conducted a two-day blitz in the Geelong central business district to identify unregistered disability providers. This fieldwork was a significant step in the Authority’s evolving investigations and enforcement function. Arising out of the outreach and engagement with employers and the fieldwork, the Authority is now investigating a number of employers for non-compliance with their obligations.
Strategic communication activities supported the pilot, with targeted media releases distributed through local Geelong outlets and coordinated social media engagement.
Insights gained from the pilot will lay the foundation for future enforcement strategies.
Evolve baseline infrastructure to better practice systems and processes across the Scheme
| Achievement towards Performance Measure | Unit of Measure | 2026 Target | 2024-25 Actual | On-track |
| Quantity |
|
|
|
|
| Target Funding Ratio | % | 110% | 116% | Yes |
| Portable Long Service Benefits Claims Readiness | % | Ready | On-Track | Yes |
| VPS People Matter Survey Participation Rate | % | 85% | 100% | Yes |
As the Scheme grows so do the demands on the Authority’s workforce, systems and processes. During the 2024-25 financial year, there were 30,385 total calls through the Customer Service contact centre. 15,053 inbound calls and 15,332 outbound calls, with the average wait time to answer calls increasing from 13 seconds to 19 seconds. (NB. Revised 2023-24 figure).
Over $180 million was processed and collected by the Authority during the 2024-25 financial year. This represents 9% growth on the previous year, predominately due to the increase in registrations of both worker and employers with the Scheme. Total collections continue to be invested in accordance with the Authority’s investment strategy as set out by the Governing Board. This ensures that entitlements of registered workers are managed prudently while the sustainability of the Scheme has also been reviewed by the Authority’s appointed independent actuary in the current year. Investment performance of collected funds reported a return of 11.5% for the 2024-25 financial year. This has increased the funding ratio (for all three industries in total) to 116% (Community Services 115%, Contract Cleaning 124%, Security 118%), remaining on-track to surpass the target of 110% by 2026.
In addition to prudent financial management, our staff are central to the successful evolution of the Scheme. Several new teams were established in preparation for workers claiming portable long service benefits in 2026 and to support our compliance and enforcement strategy. In addition, key areas of focus for the People and Culture team were occupational health and safety and supporting a diverse and inclusive workplace. The Authority reported a 100% participation rate in the VPS People Matter Survey. Improvements included 93% of our staff understanding their personal contribution towards achieving our organisational goals. Consistent with other VPS entities, the results of our People Matter Survey are published on the Victorian Public Sector Commission’s website.
The key performance measure for the Authority is our readiness to pay portable long service benefits to workers. Improvements have been made to ensure greater efficiency of internal systems and simplified processes for employers. As managed funds have grown to over $700 million in financial assets, safeguarding data from unauthorised access and malicious threats is a core focus for the Authority.
Empowering women in leadership across the Authority
As part of our ongoing commitment to building an inclusive and diverse workplace, the Authority launched its inaugural Women in Leadership Program. It was an initiative born from the People and Culture strategic priority to amplify voices across the organisation. This program was designed to support emerging female leaders and create a space where leadership potential could flourish.
From February to May 2025, 12 participants across various business units embarked on a comprehensive leadership journey. Partnering with the Victorian Chamber of Commerce and Industry, the program involved personal coaching, professional workshops and peer collaboration.
The structured four-month experience opened with a 360-feedback review and one-on-one coaching sessions, followed by three full-day workshops and a half-day virtual workshop. Themes ranged from personal leadership style and skill development to resilience-building and balancing work-life demands. The program also focused on coaching techniques and presentation skills to help participants grow with confidence.
Building our information technology roadmap to support worker claims readiness
During 2024–25, the Authority undertook wide ranging IT, systems and project management transformation to improve service delivery, operational security and strategic readiness.
One of the most notable achievements was being among the first Victorian Government agencies to implement the recently launched Modern Desktop initiative. Modern Desktop runs on the latest operating system, powered by Windows 11 and Microsoft Intune.
The Authority continued our focus on cyber security with regular penetration testing, phishing simulations and awareness program to further our cyber resilience. We also commenced the implementation of Governance, Risk and Compliance software to streamline and strengthen the management of our Protective Data Security Plan and reporting obligations.
The Facilities and IT team introduced a new Service Desk system which will greatly improve the organisations workflows. The service desk enables robust incident management, categorisation and escalation, allowing in-depth root cause analysis and facilitating the development of targeted fixes.
We commenced development of a data warehouse which will improve our reporting and analytics capabilities. Complementing these efforts, an Information and Communication Technology roadmap was developed to guide future planning and technology investment decisions.
Throughout the year, the Project Management Office maintained its governance role across priority initiatives and continued to build capability within teams.
Significant advancements were also made in records and information management with the commencement of our new Information Architecture design and migration of legacy data to new document libraries.
To ensure we are prepared for claims processing from July 2026, we continued to focus on business process mapping and applying Lean Six Sigma principles to drive process optimisation under a continuous improvement mindset.
Financial Performance
Five-year financial summary
Five full years of comparative financial information is shown below.
| Authority five-year financial summary | ($’000) | ||||
| Summary | 2024-25 | 2023-24 | 2022-23 | 2021-22 | 2020-21 |
| Total income from transactions | 262,157 | 203,363 | 146,853 | 98,166 | 101,833 |
| Total expenses from transactions | 188,038 | 176,723 | 129,384 | 101,023 | 95,643 |
| Net result for the period | 74,199 | 26,640 | 17,469 | (2,857) | 6,190 |
| Net cash flow from operating activities | 151,227 | 145,867 | 115,390 | 95,420 | 75,929 |
| Total assets | 801,810 | 565,553 | 382,806 | 244,106 | 154,187 |
| Total liabilities | 669,993 | 507,855 | 351,748 | 230,517 | 137,741 |
| Net assets | 131,817 | 57,698 | 31,058 | 13,589 | 16,446 |
Current year financial summary
The Authority administers a Scheme that provides portability of long service leave benefits for registered workers in the community services, contract cleaning and security industries in Victoria.
The Authority levies registered employers for workers in the covered sectors and industries in accordance with the LSBP Act and the Long Service Benefits Portability Regulations 2020 (Vic) and makes payments for benefits taken.
In the 2024-25 financial year, the Authority’s net result was $74.1 million compared to $26.6 million in 2023-24. The major performance drivers in the current year’s net result were levy contributions of $196.2 million from employers (2023-24: $165.8 million) and total returns from investments held by the Authority of $64.6 million (2023-24: $36.4 million), offset by an increase in the portable long service benefits liability of $173.7 million (2023- 24: $166.1 million). The increase in the portable long service benefits liability is consistent with the growth of the Scheme and reflects the increased expectation as measured by the Authority’s appointed Scheme Actuary that more workers will now be eligible for future portable long service leave entitlements.
Levy contributions from employers and contractors are based on levy rates set by the Governing Board and this was the largest source of income from transactions. Levy contributions increased by $30.3 million in the current financial year due to the increase in registered workers. There are now over 400,000 workers registered in schemes across the three covered sectors and industries.
During the financial year, the Authority transferred $183 million to the VFMC Balanced Fund, Victorian Funds Management Corporation (VFMC) increasing total investments held with VFMC to $712.6 million.
The portable long service benefit expense for 2024-25 is $173.7 million, representing an increase in the benefits liability for workers of $7.6 million ($45.4 million 2023-24). Administration costs totalled $13.7 million with $9.4 million relating to employee benefits expense of the Authority and its regulatory operations and $4.3 million for information technology costs, office expenses, professional services, promotion costs along with internal and external audit fees.
Financial position balance sheet
The Authority’s net asset position at 30 June 2025 was $131.8 million and the funding ratio of all 3 portable long service leave schemes was 116.4%.
Cash at bank totalled $29.5 million, which includes mainly Scheme funds collected and not transferred to VFMC investments as at 30 June 2025.
The Authority increased its investments with the VFMC to $658.6 million and accrued $54 million representing an investment distribution due from the VFMC that was paid in July 2025.
Operating cash flows
Net cash flow from operating activities was positive for the year totalling $151.2 million, which included $179.8 million of receipts from employers for their worker levy contributions.
The Authority transferred $183 million to the VFMC Balanced Fund and received $32.3 million of investment distributions during the financial year.
Investment performance
The Governing Board has approved an investment strategy based on an analysis of desired investment returns against investment risk appetite.
The investment objectives of the Authority at 30 June 2025 are:
- Return: To achieve an average return objective of at least CPI + 3.0% p.a. with greater than 60% probability over a rolling 10-year period; and
- Risk: To limit the likelihood of a negative annual return to no more than one year in every five years, and when negative returns occur not to exceed a 10% loss of capital.
The Authority exceeded its investment return objective of CPI + 3.0% p.a. with a return of 11.48% for the 2024-25 financial year.
Current year investment performance
Under the Act, the Authority is permitted to invest Scheme assets for the benefit of the schemes. The Authority has appointed VFMC as its investment manager and VFMC has determined the following balanced asset allocation of investments for the Authority’s portfolio:
For the 12 months from 1 July 2024 – 30 June 2025, the Authority recorded a gain on fair value of investments of $1.6 million against total Scheme funds of $658.6 million at 30 June 2025. The Authority also received $32.3 million of investment distribution during the year.
Outlook
The Authority is continually working with its investment manager to adjust portfolio positioning in response to market movements and changes to economic conditions and policy outlook of governments, which may affect key investment asset classes.
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