CoINVEST
CoINVEST (trading as LeavePlus) is the statutory administrator of Victoria's mandatory portable long service leave scheme for the construction industry, serving employers, workers, and self-employed participants with levy collection and benefit administration since 1976.
- Company typePrivate
- Founded1976
- HeadquartersMelbourne, Australia
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What CoINVEST does
CoINVEST Limited, trading as LeavePlus, is the statutory administrator of Victoria's portable long service leave scheme, established in 1976 and operating under the Construction Industry Long Service Leave Act. The entity is structured as a private industry trust, with CoINVEST Limited acting as Trustee for the Construction Industry Long Service Leave Fund, and serves three participant groups: employers in Victoria's construction industry (who are legally required to register, report service quarterly, and pay levies), construction workers (who accumulate service credits across multiple employers), and self-employed construction workers (who build entitlements through voluntary contributions). The organization's product surface is a single integrated scheme rather than a portfolio of offerings.
The core technology consists of the LeavePlus member portal (leaveplus.com.au), a web-based self-service platform enabling employer registration, quarterly service reporting, levy payment, and member claims filing, supplemented by phone-based support. The organization rebranded from CoINVEST to LeavePlus on 14 August 2023, updating its trading name, logo, and digital presence while retaining the CoINVEST Limited legal entity name pending parliamentary amendment of the governing Act. No API integrations, mobile applications, or third-party technology partnerships are disclosed, and the technology stack appears to be standard web portal infrastructure without disclosed AI, data analytics, or automation capabilities beyond core administrative workflows.
Revenue is generated through mandatory levy contributions from employers and self-employed participants, set by legislation rather than market pricing. The organization operates with 51-100 employees from a single headquarters in Melbourne, Australia, and serves exclusively the Victorian construction industry with no geographic expansion or commercial diversification evident. Ownership is held in trust for the benefit of scheme members, with a Board of Directors representing workers and employers, and no venture capital or private equity involvement.
CoINVEST firmographics
Firmographics- Name
- CoINVEST
- Legal name
- CoINVEST Limited as Trustee for the Construction Industry Long Service Leave Fund (trading as LeavePlus)
- Website
- https://coinvest.com.au
- Company type
- Private
- Founded year
- 1976
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- CoINVEST (trading as LeavePlus) is the statutory administrator of Victoria's mandatory portable long service leave scheme for the construction industry, serving employers, workers, and self-employed participants with levy collection and benefit administration since 1976.
- Ownership category
- akta.pro rank
CoINVEST industry classification
Industry- Product category
- Portable Long Service Leave Administration
- akta.pro primary industry
- Disability & Leave Administration (STD/LTD/FMLA/Paid Leave) (HLAEALAM)
- akta.pro secondary industry
- Garnishments, Levies & Wage Withholding Administration (BPAAAHAG)
Keywords
Where CoINVEST is headquartered
LocationHeadquarters
- HQ city
- Melbourne
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
CoINVEST business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Long Service Leave Levies/Charges: Mandatory levy contributions from employers in Victoria's construction industry. Employers report service and pay long service leave charges to the Fund on a quarterly basis. Self-employed individuals also pay charges to build up their service entitlement.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
CoINVEST product offering
Product offeringCore offering
CoINVEST (trading as LeavePlus) administers the Victorian construction industry's portable long service leave scheme, a government-mandated program that allows workers to accumulate long service leave credits across multiple employers. The scheme requires mandatory participation from employers, workers, and self-employed individuals in Victoria's construction industry, with employers registering, submitting quarterly service reports, and paying statutory long service leave charges on behalf of workers.
Product overview
LeavePlus (formerly CoINVEST) operates as a single unified product — a portable long service leave scheme for Victoria's construction industry. The scheme enables construction workers, employers, and self-employed individuals to build up and access long service leave benefits. The primary offering is the scheme itself, supported by an online member portal providing access to registration, reporting services, claims processing, and account management. The scheme has been operating since 1976 and serves workers and employers in Victoria's construction sector.
Differentiator
Problem solved
Functional benefit
Products and services
- LeavePlus Portable Long Service Leave Scheme A government-mandated portable long service leave scheme for Victoria's construction industry that enables workers to accumulate long service leave entitlements across multiple employers and claim benefits when eligible. Mandatory for all employers, workers, and self-employed individuals in the Victorian construction industry, with employers required to register, submit quarterly service reports, and pay statutory long service leave charges via the LeavePlus member portal.
Companies that use CoINVEST
Customer profileSegments3 records
Ideal customer profiles3 records
CoINVEST technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
CoINVEST partnerships and signals
Strategic signalScale indicators2 records
Recent moves3 records
CoINVEST competitors and assessment
Company assessmentDirect peers
- Qleave: Queensland's portable long service leave scheme administrator covering construction (and other) industries. Operates the same statutory fund/employer-levy model as CoINVEST in a different jurisdiction — the closest structural analogue.
- Long Service Corporation (NSW): NSW's construction industry portable long service leave authority. Same product, same statutory scheme design, same employer reporting/levy mechanics — directly comparable to LeavePlus on a state-by-state basis.
- NT Build: Northern Territory's construction industry long service leave scheme. Another state-based statutory counterpart with mandatory employer participation and benefit accumulation across employers.
- MyLeave (WA): Western Australia's portable long service leave scheme for the construction industry, administered under the WA Construction Industry Long Service Leave Act. Structurally identical to CoINVEST's mandate.
Broad incumbents
- BUSSQ (Building, Construction & Property Services Super): Qld/NT industry super fund serving construction and property services workers. Adjacent industry-benefits administrator serving an overlapping worker demographic.
- Cbus (Construction & Building Industry Superannuation Fund): Australia's largest industry superannuation fund for the construction sector. Comparable as a major construction-worker benefits administrator and stakeholder, though focused on superannuation rather than long service leave.
Others
- AustralianSuper: Australia's largest superannuation fund. Tangentially related as a member-benefits administrator with some construction-worker membership; not a direct competitor but a comparable-scale benefits administrator.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
CoINVEST social profiles
Digital presenceCoINVEST financial estimates
Financial estimateRevenue estimate
Valuation estimate
CoINVEST leadership team
Management profileNumber of profiles
CoINVEST funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CoINVEST M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CoINVEST
What does CoINVEST do?
CoINVEST (trading as LeavePlus) administers the Victorian construction industry's portable long service leave scheme, a government-mandated program that allows workers to accumulate long service leave credits across multiple employers. The scheme requires mandatory participation from employers, workers, and self-employed individuals in Victoria's construction industry, with employers registering, submitting quarterly service reports, and paying statutory long service leave charges on behalf of workers.
Is CoINVEST a public or private company?
CoINVEST is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was CoINVEST founded?
CoINVEST was founded in 1976. It employs 51 to 100 people.
Where is CoINVEST based?
CoINVEST is headquartered in Melbourne, Australia, in the Oceania region.
How does CoINVEST make money?
One revenue line is on record: long Service Leave Levies/Charges.
Who are CoINVEST's main competitors?
Direct peers on record are Qleave, Long Service Corporation (NSW), NT Build and MyLeave (WA). Broad incumbents are BUSSQ (Building, Construction & Property Services Super) and Cbus (Construction & Building Industry Superannuation Fund). AustralianSuper is listed as an others.
Does CoINVEST have an API?
No public API is recorded for CoINVEST.
What industry is CoINVEST in?
CoINVEST's product category is Portable Long Service Leave Administration. Its primary akta.pro industry code is HLAEALAM, Disability & Leave Administration (STD/LTD/FMLA/Paid Leave), with a secondary code of BPAAAHAG, Garnishments, Levies & Wage Withholding Administration.