CoINVEST

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.

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

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

• Portable long service leave
• Construction industry benefits
• Long service leave scheme
• Worker entitlements administration
• Statutory benefit scheme

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. 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

Core 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.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves3 records

Direct 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

• LinkedInlinkedin.com/company/leaveplus
• YouTubeyoutube.com/@LeavePlus

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CoINVEST