POWERED BY MOMENTUM MEDIA
Super funds will determine ‘dangerous occupations’ carve-out
Superannuation funds themselves will be the ones who decide which members will be covered by the Government’s so-called “dangerous occupations carve-out” to its new insurance inside superannuation rules.
Treasury Retirement Income Policy Division head, Robert Jeremenko has told the Association of Superannuation Funds of Australia (ASFA) national conference in Adelaide that the Government expects superannuation funds will know which of its members are employed in dangerous occupations.
He defined dangerous occupations as being those which have a higher statistical likelihood of injury.
The “dangerous occupations carve-out” was announced by the Assistant Treasurer, Stuart Robert in an address to the opening session of the ASFA conference on Wednesday.
The carve-out will assist some funds who have large numbers of members employed in dangerous jobs with other funds now having to adjust to having members aged under 25 or with balances under $6,000 having to ‘opt-in’ to insurance inside superannuation.
Recommended for you
Local super funds want to play a role in decarbonising the UK economy and investing in the industries that will drive future growth, jobs, and innovation.
The Australian Financial Complaints Authority (AFCA) has launched consultation on its approach to superannuation death benefits.
The Australian government should phase out tax breaks from superannuation and capital gains, according to the latest report from the International Monetary Fund.
Strong returns in a historically subdued September have helped deliver the strongest first quarter result since 2013.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.48 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.89 3 y p.a(%)
3
Fidante Credit Suisse Global Private Equity
29.80 3 y p.a(%)
4
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.33 3 y p.a(%)
5
CFS Acadian Wholesale Global Equity Long Short A
26.35 3 y p.a(%)
