The Reditus team is composed of highly-skilled and knowledgeable financial consultants with their finger on the pulse of the financial services industry in Brisbane and across Australia. Each team member has, by virtue of his or her wealth of experience, developed a solid network of collaborative client business partnerships and places high value on client service. Our financial professionals offer an innovative financial services consulting mix comprising traditional, solid structures combined with the most current shifts in the financial services paradigm, all enhanced via intelligent business technology software solutions.
MD & Founder
Timothy Vlug, founder of the Reditus Group, has 10 years’ experience in the salary packaging environment and over 25 years’ experience in the banking and finance industries. As such, his knowledge encompasses retail banking, credit union administration, treasury and capital market operations, stockbroking, funds management and financial advisory and administration. Tim holds a Master of Business Administration (MBA) majoring in Finance and International Business from Griffith University and an accreditation in financial planning. Prior to his experience as a company director, Tim held positions within NAB, the Credit Union sector, Queensland Treasury Corporation, Wilson HTM Stockbroking and Suncorp Investment Management.
Tim started consulting in the salary packaging and fringe benefits tax field as a remuneration consultant and financial advisor in 2002. His first position was with a firm that had, since the inception of the Fringe Benefits Tax Assessment Act in 1986, pioneered FBT and salary packaging advice. Tim developed honed salary packaging and FBT consulting expertise through the effective hands-on management of his clients’ requirements. In 2006, he established Salaris Consulting as owner and director and over the ensuing five years the firm grew to six employees based in Brisbane and Perth. Tim’s corporate client-base numbered 15 small, medium and large firms and he built a salary packaging database of 1,000 employees across these firms.
In June 2011, Tim resigned as a director and shareholder of Salaris Consulting to establish the Reditus Group. Reditus has quickly become known as an innovative financial services consulting firm specialising in salary packaging, fringe benefits tax strategy, fleet leasing and financial planning. Tim proudly established Reditus on the philosophy of creditability, competence, excellence and value.
Previous positions held by Tim have been predominantly in financial administration and corporate liaison, contributing to his comprehensive knowledge of a variety of financial products and a strong working knowledge of Australian financial markets, from both a market viewpoint and a legal/regulatory perspective.
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Chief Executive Officer
Reditus clients benefit from Derek’s wealth of diverse finance and banking knowledge, including solid experience in audit, mergers and acquisitions. He has worked at KPMG’s Brisbane and London offices, the Bank of Queensland Limited and in 2006 was appointed CEO and Managing Director of the Rock Building Society, one of Australia’s only two publicly listed building societies.
Derek successfully steered the company through the global financial crisis, while also being elected to the board of the Australian Securitisation Forum, becoming a Fellow of the Financial Services Institute of Australia and a graduate of the Australian Institute of Company Directors.
Concurrent to his consulting services at Reditus, Derek presently holds the position of contract CEO of a private, central Queensland company enjoying a dominant market position in the agricultural industry.
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Chief Financial Officer
With a specialist focus on business planning and strategic growth, Ian works closely with Reditus clients to establish strategic plans for their businesses and employees, often in a mentoring and coaching capacity. He also holds high level tax experience, having handled the taxation portfolios of a number of key clients in the property and construction industry. Prior to joining Reditus, Ian had run his own chartered accounting firm, Judsons Financial Management Services since 2009, after leaving his senior management position at Grant Thornton’s Privately Held Business Services Division. Having started his working career as a graduate accountant at Johnston Rorke in 1993, Ian also gained experience assisting emerging and medium-sized business in his capacity as a manager in the Entrepreneurial Services Division of Ernst & Young and as a senior manager of audit and corporate services for Goh & Partners, one of Ernst & Young’s affiliates.
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Lauren joined Reditus in June 2011 and has quickly worked her way up to the role of Bureau Manager.
Prior to joining Reditus, Lauren spent three years with a chartered accounting firm in Brisbane CBD, where she gained a wide range of experience handling a variety of client portfolios.
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