MEMBER BENEFITS
GPRA’s membership is open to all interested stakeholders. As Pre-Vocational doctors, you can become an “Associate Member”. This membership is FREE and can be very useful as it allows you to keep abreast of General Practice issues. In addition GPRA offers hospital doctors access to a country-wide network, via which you can receive personalised support and career guidance through our ‘Mentors’ program.
As an ‘Associate Member’, you will also receive access to a number of services that GPRA provides to our ‘Voting Members’. And, very importantly, you lend your voice to the peak national representative body for General Practice Registrars.
Member benefits include
- Free copy of this guide, and other publications containing a wealth of information to assist at each stage of General Practice training.
- Personalised advice and assistance with General Practice training and lifestyle issues via GPRA’s ‘Mentors’ program
- Access to the member only area of the GPRA website
- Monthly eNewsletters and quarterly mail-out which contain articles on a diverse range of topics relevant to GP training, and keep you up to date with GPRA activities
- Opportunities to become involved in GPRA and other committees. We are always looking for enthusiastic people to participate in committees, working groups etc.
- Financial Services & advice via GPRA’s Business partnership with ‘Hub Private Planning’
THE GPRA – HUB PARTNERSHIP
Financial Services play an important role in becoming a GP. Finding the right financial services can be a challenge. In order to help Registrars get on the right track, GPRA has partnered with Hub, to provide you with access to independent research and professional financial advice.
BEING A MEDICAL PRACTITIONER
As a Medical Practitioner, you are recognised in the community as highly qualified professionals who are well remunerated for your skills. However, there is more to establishing yourself financially than earning a high income.
Generally, most Australians are unfamiliar with the complex tax and regulatory structures that exist in Australia due to the highly developed and sophisticated financial systems
which exist here. Effective strategies are needed to maximise the financial benefits of living in this country.
HUB’S OBJECTIVE
Hub’s objective is to explain how the financial laws and regulations of this country operate and how finances should be restructured to optimise your overall financial position. We aim to help you achieve financial independence before reaching your retirement age.
THE PROCESS
The three key cornerstones to effective strategic planning are:
Cashflow Management
• Establish your cashflow position. Are you cashflow positive or negative?
• How can you prioritise your objectives and increase positive cashflows?
• Invest strategically to make money work for you; and
• Implement cost effective investment strategies that increase investment performance.
Tax and Accounting Advice
• There are a range of tax structures within the Australian tax system that suit different types of business enterprises;
• Use appropriate structures to shield assets from potential litigants; and
• Combine tax and investment strategies to maximize total investment returns.
Wealth Protection
• Protect your ability to generate income which makes everything in your life possible;
• Cover your total debt position in case you suffer an accident or illness; and
• Use your superannuation fund to purchase death cover and total and permanent disability insurance cost effectively.
HOW IT WORKS – 3 STEPS
1. Use the Hub website to complete a confidential Client Data Form before obtaining a personal financial report;
2. Call us to speak to someone regarding your personal situation or if you have a general or technical query; and
3. Implement recommendations contained in your Statement of Advice.
WHAT’S THE CATCH?
Simply put; there is none. This service is available to GPRA members and the cost of personal financial products is disclosed in a Statement of Advice before you proceed.
There are no extra charges for obtaining personal insurance products through Hub.
CONTACT US
For complete product details and more information, call our national hotline on 1300 738 468 or email us at hub@gpra.com.au
LICENSEE DETAILS
Professional Investment Services Pty Ltd
Level 14, Corporate Centre One,
Cnr Bundall Rd & Slatyer Ave
BUNDALL QLD 4217
ABN 11 074 608 558
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