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CoINVEST

CoINVEST changed its name to LeavePlus on 14 August 2023.

Victoria’s construction industry has relied on us since 1976 to administer the portable long service leave Scheme. We have navigated a lot of change in the industry over that time. In August 2023, CoINVEST changed its trading name and launched its new identity as LeavePlus.

 

Although the trading name, logo, and website have changed to LeavePlus, everything else essentially stays the same:

  • We are ‘CoINVEST Limited as Trustee for the Construction Industry Long Service Leave Fund (trading as LeavePlus)’
  • All claim payments will come from ‘LeavePlus’, but CoINVEST Limited is still the legal entity name
  • Our BPay biller code and financial transactions information remain unchanged
  • All contributors to the Scheme still have the same obligations
  • All member information and previous transactions will remain unchanged

 

The Scheme has been known as CoINVEST since 1992, but we know from feedback that the name ‘CoINVEST’ hasn’t been clear in communicating our purpose or what we do. Changing our name and visual brand offered a renewed opportunity for our members to connect with the vital role that portable long service leave plays in our industry.

We know that our members will have lots of questions about the change of name from CoINVEST to LeavePlus. That’s why we have created a comprehensive Frequently Asked Questions (FAQ) document to address any queries you might have. We have also compiled some quick reference menus below if you have a query about a specific topic.

 

Trading name

  • Our trading name changed to LeavePlus on 14 August 2023. The legal entity name remains as CoINVEST Limited until amendments to the Construction Industry Long Service Leave Act (the Act) can be approved by Parliament. Along with the change of name, our visual identity, logo, and branding materials all reflect the new LeavePlus experience.

 

Awareness campaigns

  • Members have been communicated with directly via email campaigns to keep them informed around the transition to LeavePlus. A press release was also distributed to industry stakeholders and media outlets, and the change was heavily featured on our website and social channels.

 

Website and social media

  • The new leaveplus.com.au website became live from 14 August 2023. The old CoINVEST website automatically redirects users to the new LeavePlus website.
  • Our existing LinkedIn profile and YouTube channel’s names changed from CoINVEST to LeavePlus in mid-August 2023. All followers and previous content posts have remained in the same location but now appear under the new LeavePlus name.

Functionality of the Scheme

  • Our visual identity, brand name, and website have changed from CoINVEST to LeavePlus. But the Scheme itself and how it functions remains unchanged. The change to a new brand name has no effect on the Service, Entitlements, or Benefits of our members.

 

Transactions and services

  • All members can access their existing profile through the LeavePlus member portal at leaveplus.com.au and interact with our services in the same way as before. Employers still report service and pay long service leave charges to the Fund in the same way and there are no changes to the legal obligations of employer members.
  • Your LeavePlus member number is the same as your CoINVEST member number – but we have moved to a new website URL. This means your browser or password manager won’t know your CoINVEST member number, if it has been saved, for the new site. Make a note of your CoINVEST member number for when you first log in to the new LeavePlus member portal. All of the information from your CoINVEST profile has been brought over to your LeavePlus member profile.

 

Contacting LeavePlus

  • Our existing customer contact phone number remains as 1300 264 683, and all other CoINVEST phone numbers have been carried over to LeavePlus. New LeavePlus email addresses were put in place in advance of the change – all CoINVEST email accounts remained in operation for a period after the transition to ensure continuity of service for our members. Email to CoINVEST addresses will automatically forward to the new LeavePlus addresses but we ask that you use the LeavePlus email address from 14 August 2023.

 

Benefit payments

  • Our BPay biller code and banking details remain unchanged, and we are still operating from the same premises. While our trading name has changed to LeavePlus, our legal entity name will remain CoINVEST Limited. All member benefit payments will come from ‘LeavePlus’ and appear as this on records of financial transactions. We will give plenty of notice to members of any future changes to our legal entity name.

Identity and engagement

  • We know from feedback that the CoINVEST brand identity has been hard to connect with and did not cut through for our members. They were not able to easily distinguish us from other peak bodies or services in our sector and this has presented challenges around engaging our member base.
  • After more than 30 years of being known as CoINVEST, our Board of Directors agreed that it was the right time to change to a new name that better represents who we are, what we do, and why we do it. A new brand identity offers the opportunity for our members to connect with the Scheme and allows us to communicate more effectively around the vital role that portable long service leave plays in our industry.

Investment and growth

  • We have invested in various resources and services to prepare for and execute our rebranding strategy including market research, creative agencies, and consultancies. The Board of Directors unanimously voted for an update of the CoINVEST brand.
  • The Directors represent the workers and employers of the construction industry and will always make decisions in the best interests of its members and the long service leave Fund. The Board of Directors identified the need to rebrand in order to increase awareness of the scheme in order to ensure all eligible workers receive the benefits of the portable long service leave Scheme.