The company that established the occupational pension trusts for male and female employees was Elder, Smith & Co Limited (ACN 007 869 294), a company incorporated in South Australia on 13 July 1882, by (Sir) Thomas Elder (1818-1897) and Robert Barr Smith (1824-1915).Elder, Smith & Co had been founded in 1939 by Alexander Lang Elder (18115-1885), the elder brother of Sir Thomas Elder (1818-1897), soon after the first settlement in South Australia.
The Elder Smith & Co Limited Provident Funds Act 1963 (SA) confirms that the occupational pension trust for “certain male officers, their wives widows and dependants” was established on 23 December 1913, while a separate trust was latter established to provide pensions and benefits to female staff of the Company.
In 1963 the holding company, Elder Smith Goldsbrough Mort Limited (ACN ), acquired the South Australian company, Elder Smith & Co Limited and the Victorian company Goldsbrough Mort & Co Limited (ACN 004 045 121) which had been incorporated on 31 August 1893.
In 1982 the name of Elder Smith Goldsbrough Mort Limited was changed to Elders IXL Limited.
In 1990 the name was again changed to the Foster’s Brewing Group Limited and then in 2001 the name was again changed to Foster’s Group Limited.
In 1994 Goldsbrough Mort & Co Pty Ltd was demerged from the renamed Elder Smith Goldsbrough Mort Limited (Foster’s Brewing Group Limited) under the name of “Elders Limited”, which was acquired by Futuris Corporation Limited (ACN 004 336 636)
In 2011 Foster’s Group Limited was acquired by SABMiller plc.
Elder Smith & Co Limited is now known as Derel Esc Pty Ltd and is still a subsidiary company of Forster’s Group Pty Ltd.
SABMiller plc is now the “successor company” pursuant to the Elder Smith & Co Limited Provident Funds Act 1963 (SA).
This tab updated on 25 March 2015