The purpose of these Terms of Reference (ToR) is to engage an Independent Evaluation Committee Member to support a live procurement process being led by the Vanuatu National Provident Fund (VNPF).
Background
VNPF has approached a number of firms to undertake a comprehensive business case study on establishing a VNPF superannuation entity in Australia. The proposed purpose of establishing the entity is to provide an option for Pacific-Australia Labour Mobility (PALM) scheme workers and Vanuatu diaspora.
The objectives of the business case study engagement are to:
a) Assess the feasibility of establishing a superannuation entity in Australia for ni-Vanuatu citizens and recommend possible short-term (Trustee arrangements) and long-term (VNPF Registered Superannuation Entity) options as well to undertake an assessment of how these options could interact with future portability arrangements between Australia and Vanuatu.
b) Produce a business case for recommended short- and long-term options outlining strategic goals, a proposed governance structure, legal, financial and marketing considerations and a draft implementation roadmap.