Monash Health appoints Smartgroup

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Stock Smartgroup Corporation Ltd (SIQ.ASX)
Release Time 10 Feb 2025, 8:29 a.m.
Price Sensitive Yes
 Smartgroup appointed as Monash Health's salary packaging provider
Key Points
  • Smartgroup subsidiary Smartsalary appointed as exclusive administrator of salary packaging and novated leasing services for Monash Health
  • Initial 3-year agreement, with potential for 5-year extension
  • Monash Health is Victoria's largest public health service with approximately 25,000 employees
Full Summary

Smartgroup Corporation Limited (ASX:SIQ) has announced that its subsidiary, Smartsalary, has been appointed as the exclusive administrator of salary packaging services and novated leasing administration services for Monash Health under an initial 3-year agreement, with the potential for a 5-year extension. Monash Health is Victoria's largest public health service, providing healthcare services across a large number of hospitals and integrated care facilities, and employing approximately 25,000 people. Smartgroup CEO, Scott Wharton, said the appointment reflects the company's compelling proposition for healthcare employers and their employees, as well as its longstanding commitment to Victoria. The provision of services under the contract will commence from 1 April 2025.