Benjamin and Benjamin Discretionary Mutual Fund (DMF) October Update

Background

If you are new to this conversation, the RWTA are working in conjunction with Benjamin and Benjamin Insurance Group Pty Ltd to create a Discretionary Mutual Fund (DMF) for the financial benefit for members of the RWTA.

What does it deliver?

The DMF can issue contracts like insurance policies as an alternative to your current property and public liability insurance. 

Its purpose is to lower your insurance premiums and help reduce claims that your business might otherwise incur.

Where are we at?

There are presently 18 cold storage businesses with more than 30 sites across Australia & NZ involved in progressing this presently.

Physical reviews have just been completed across Australia and NZ.

Next stages

1.      Insurance Actuaries, Risk Managers & Insurance Lawyers will review physical reviews and other businesses documentation to provide a report on:

a.      If a DMF is viable – up until now all the information supplied by these 18 businesses indicate that a DMF is viable and useful to reduce premiums for members.

b.      If a DMF is viable, the correct corporate & business operational structure of the DMF.

2.      Proposition of the DMF is presented to the RWTA membership for acceptance or rejection.

3.      If accepted, the DMF structure will be created.

4.      It is estimated that if the DMF is created, it will open for business on or before Monday February 2nd 2026.

Form more information contact: mariannek@rwta.com.au