But a number
of superannuation fund investors said the resignation of Ms Brenner would not alter a protest vote against the re-election of three directors: Andrew Harmos, Vanessa Wallace and Holly Kramer.
A trustee
of a superannuation fund, an RSA provider, a trustee of an approved deposit fund or a life insurance company.
If you are claiming the money as the Trustee
of a superannuation fund or trust fund, download the How to claim money form for representatives.
Members
of superannuation funds regulated by APRA have important protections if something goes wrong.
You must contact the trustee
of your superannuation fund before you go to the SCT.
Against this background, the following sets out the Commissioner's view as to what constitutes a superannuation interest in relation to the different kinds
of superannuation fund.
* Retirement Standard benchmarks for the 2016 September quarter from the Association
of Superannuation Funds of Australia (ASFA).
For example, this may occur where the assets
of the superannuation fund are allocated to specific superannuation interests that are supporting superannuation income streams.
The Association
of Superannuation Funds of Australia (ASFA) partnered with us to host this forum.
To get the most out of this module, learners should have access to the details
of their superannuation fund (including the login details for their online statement).
If you want to, you can combine
all of your superannuation funds into a single fund.
Not exact matches
Mr Keith said the administration
of stand - alone
superannuation funds currently managed by Mellon would also be transferred interstate.
The securities regulator has raised the prospect
of narrowing the deadline for
superannuation funds to sort though member disputes internall...
National Australia Bank's MLC - home to the country's largest retail
superannuation fund and $ 199 billion in assets under management - officially joined the bulging list
of financial services sector initial public offering candidates on Thursday morning, when NAB chief executive Andrew Thorburn flagged intentions to divest the business.
Interest in developing alternative sources
of debt for Australian corporates is growing as more
superannuation funds, borrowers and banks di...
Since the early 1980s, the proportion
of household financial assets held as deposits has fallen from about 50 per cent to below 30 per cent; this has been mirrored by a comparable rise in the proportion
of household assets held as claims on life insurance and
superannuation funds (Graph 11).
Ben Gray's exquisitely timed $ 4.1 billion takeover
of hospitals group Healthscope is the perfect catalyst to explore the radical shift occurring in Australia's capital markets led by industry
superannuation funds.
Household sector financial assets increased by 1.7 per cent in the March quarter, a somewhat slower rate than in previous quarters, as a reduction in the value
of direct equity holdings partially offset strong gains in the value
of funds held in
superannuation.
AUSTRALIA — Plan members can access impact investment opportunities simply by being a member
of certain
superannuation funds, which in turn allocate a percentage
of their portfolios to impact investing.
These include managers
of retail
funds, institutional
funds management firms as well as
superannuation funds.
With constraints on bank balance sheets, banks are rationing their lending and facilitating debt deals, Mr Barker told delegates at the annual Council
of Major
Superannuation Funds conference in Brisbane.
This could possibly lead to a revived domestic corporate bond market, with institutions such as
superannuation funds holding a lot
of the private long term bonds.
In the 1990s,
superannuation fund asset growth is likely to be more dependent on the inflow
of new money (and the application
of exceptional investment skills).
Interest in developing alternative sources
of debt for Australian corporates is growing as more
superannuation funds, borrowers and banks discuss ways for retirement schemes to lend directly to companies.
The nation's largest
superannuation fund has confirmed that all 2.2 million
of its members will be sheltered from Labor's plan to make frank...
«AMP is well placed to take advantage
of the growing pool
of superannuation and
fund management assets as the
superannuation industry doubles in size by 2026.
The
fund, which owns 23,000 hectares
of the highest - quality farms in Australia — from King Island to Moree in NSW — is backed by major
superannuation funds such as Australian Super, Australian Catholic Super, AMP Capital, the former AUSCOAL Super now Mine Wealth & Wellbeing, the University
of Melbourne, Christian Super and private investor and retiring AFL chairman Mike Fitzpatrick.
He is also unafraid
of voicing principled views about what is happening in the sector from land clearing to bringing more capital in from
superannuation funds and making sure lenders in the space are properly qualified.
UniSuper, one
of Australia's biggest not - for - profit
superannuation funds, has lifted its stake in Hancock's Taumata Plantations.
Farmland owner the $ 167 million Sustainable Agriculture
Fund, backed by Australia's leading
superannuation funds, has delivered a net profit
of $ 4.9 million for the six months to December, up on the $ 1.7 million in the previous corresponding period.
Mr Webb confirmed First State Super was one
of several
superannuation funds backing a plan by some Western Australian grain growers to privatise Western Australian co-operative CBH Group and list the business on the Australian Securities Exchange.
The Australian
superannuation fund behind Queensland Investment Corporation's $ 300 million - plus purchase
of the North Australian Pastoral Company is the Queensland government's Long Term Asset Advisory Board.
QIC's potential investment also comes as pressure builds on
superannuation funds to look at competing with the wave
of foreign pension
funds that have spent more than $ 1 billion buying farm land in Australia in the past few years.
First State Super head
of income and real assets Damien Webb, a senior executive for one
of the nation's largest
superannuation funds, said the
superannuation industry's view
of agriculture was changing and he expected much more capital to flow into agriculture investments.
«The
superannuation fund plans to open the door for many Australians to participate in the acquisition
of S. Kidman & Co before the end
of October.
Ownership
of Marengo Pastoral is split three ways between Warwick Negus, a director at ASX - listed investment firm Washington H. Soul Pattinson and his wife Louise, David Cobcroft, managing director at Sydney - based Alukea Commodities, and the
superannuation fund of Robert and Samuel Mayer, who run F. Mayer Imports, a major food supplier.
The
fund has recorded its fourth year in a row
of increased net cash profits but the
superannuation investors behind it are selling out.
The Sustainable Agriculture
Fund, backed by some
of Australia's leading
superannuation funds, has struck a hurdle in selling off one
of the prized gems in its rural property portfolio — the King Island Aggregation.
For the purpose
of applying the Government
Superannuation Fund Act 1956, in accordance with subclause (2), to a person who holds office as the chief executive or, as the case may be, is in the service
of the Electoral Commission as an officer or employee and (in any such case) is a contributor to the Government
Superannuation Fund, the term controlling authority, in relation to any such person, means the chief executive.
Lawrie Lyons, professor emeritus at the University
of Queensland, thinks the huge sums now generated by
superannuation funds should be used to buy equity in multinational corporations.
However, subsection 23 (2) provides for a reduction
of the charge percentage according to a formula where the employer has made contributions to a Retirement Savings Account or to a complying
superannuation fund other than a defined benefit
superannuation scheme for the benefit
of that employee.
Generally, you must use the RBS when you pay a rollover super benefit to another super
fund and you are not already providing all
of this information electronically under the
Superannuation Data and Payment Standards 2012 (the rollover data standard).
the contributions must be made to a complying
superannuation fund or a retirement savings account on behalf
of your spouse
If you make contributions to a complying
superannuation fund or a retirement savings account (RSA) on behalf
of your spouse (married or de facto) who is earning a low income or not working, you may be able to claim a tax offset.
If you have been contributing to EPF or
Superannuation Account, you now have the option
of transferring your PF or
Superannuation funds to NPS.
Generally, preserved benefits must be kept in a super
fund, ADF or RSA until the member has met a condition
of release under the
Superannuation Industry (Supervision) Act 1993.
The member
of Recognized EPF or
Superannuation Fund trust has to submit the transfer request through his / her employer.
PFRDA in its circular has clearly mentioned that as per the provisions in the Income Tax Act, the amount transferred from Recognised PF /
superannuation fund to NPS will not be treated as Income
of the current financial year and is hence not taxable.
A certain type
of super
fund whose members are ineligible to claim a personal
superannuation contribution deduction.
As the asset is not being dealt with for the sole purpose
of enabling the
fund to discharge all or part
of its liabilities in respect
of superannuation income stream benefits, it can not be a segregated current pension asset under subsections 295 - 385 (3) or 295 - 385 (4)
of the ITAA 1997.