It’s more than just an association
WITH SO many associations in the timber industry and as a result of requests, I thought it worthwhile to outline where TABMA sits and our goals and ambitions.
Firstly, TABMA was founded in 1940 in Sydney and remained NSW based up until the early 2000’s when it broadened its reach to Queensland and in 2006 to W A. Today TAB MA has representation in virtually every State and is still growing.
TABMA has six operating divisions. These are, not necessarily inorder:
TAB MA Membership Services
For a modest annual fee, members have access to the many services and benefits offered such as staff recruitment, trade credit insurance, general insurance, discounts on fuel, assistance with CoC certification, legal advice, technical advice, website design, an annual industry dinner incorporating the TABMA awards etc, and now through a recent alliance with the Timber Trade Industrial Association(TTIA), TABMA is able to provide industrial relations advice on a fee for service basis. Initially this IR service is only available in Queensland, South Australia and WA.
TABMA Workforce & Career Development
TABMA is a registered group training organization (GTO) that employs trainees and apprentices and places them with host employers. TAB MA W CD currently has almost 200 trainees and apprentices placed in nearly every Australian state.
Fitec Pty Ltd
In early 2014 TABMA merged with Fitec Inc which is a registered training organization (RTO). The fundamental difference between a GTO and an RTO is that an RTO provides the training for the trainees and apprentices employed by the GTO. Fitec has been converted to a Pty Ltd organization and is now a wholly owned subsidiary of TABMA (Australia) Limited. Fitec has been basically Queensland based but it is TABMA’s plan to grow its reach into N SW and other states.
Building Trade C red it(BTC)
Building Trade Credit was established in 1984 as a credit information bureau. BTC supplies comprehensive statistical credit information about entities that receive/ supply goods and services in the building and construction industry.
Timber Tallying Pty Ltd
Timber Tallying was established in 1948 and operates a timber break bulk handling and discharge service for importers bringing in timber from Canada and the US West Coast. The operation is based at Port Kembla, NSW.
TAB MA Managed Funds
For many years TABMA has held different investment properties to support our association’s operations and activities. Property investment was liquidated in 2011 as a defensive move and surplus funds were deposited in a mix of rolling short and long term deposits and then in 2013 to a low risk comprehensive portfolio investment account specifically tailored to suit TABMA’s conservative risk adverse profile. The investment is managed by a licensed financial advisor reporting to management and a board investment committee.
TABMA employs over 200 personnel Australia wide including trainees and apprentices. Head Office is at St Leonards, a lower north shore Sydney suburb. TABMA has 11 directors representing three States and meet on a bi-monthly basis. The board adheres to a strict Code of Conduct to ensure that it acts transparently and responsibly as custodians of members’ assets.
The board and management believe that “standing still is the same as going backwards” so with this philosophy TABMA is continually looking at growth opportunities as well as consolidating the position we already hold.
We take this opportunity of wishing all readers a very Merry Christmas and we hope you enjoy the break and come back ready for a great 2015.