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Industry Superannuation
An industry superannuation fund (or, simply, 'industry fund') is an Australian superannuation fund originally established to provide for the retirement of workers from a specific industry. While industry funds are no longer tied to specific industries, they remain not-for-profit, mutual funds which are membership-based and do not have shareholders. Industry super funds can be contrasted with ''retail'' super funds (or 'wholesale master trusts'), which are public offer funds managed by financial institutions. Profits from retail funds are distributed to shareholders or investors (the trustees of the fund), whereas industry funds return profits directly to members. Industry Super Australia (ISA) is the peak body of the industry fund sector. From 1 July 2005, choice of fund rules came into effect, giving most Australian employees the option to choose the fund into which their employers paid their superannuation contributions. In practice, over 75% of workers remained with their e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Superannuation In Australia
In Australia, superannuation, or just super, is the term for retirement pension benefit funds. Employers make compulsory contributions into these funds on behalf of their employees. Superannuation is compulsory for all employed people working and residing in Australia. The total balance of a person's superannuation is then used to provide an income stream upon reaching retirement. Federal law dictates minimum amounts that employers must contribute to the super accounts of their employees, on top of standard wages or salaries. Most employees have their super contributed to large funds - either industry funds (not-for-profit mutual funds, managed by boards composed of industry stakeholders), or retail funds (for-profit commercial funds, principally managed by financial institutions). However, some Australians can have their super deposited into self-managed superannuation funds. The Australian Government outlines a set percentage of employee income that should be paid into a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legalsuper
Legalsuper is an Australian superannuation fund dedicated to the legal community. It is the only industry superannuation fund for Australia's legal profession. Its MySuper default account is called MySuper Balanced option. As an industry super fund, legalsuper is managed exclusively for the benefit of its members. The fund pays no commissions to sales agents and there are no dividends paid to shareholders. The trustee of legalsuper is Legal Super Pty Ltd. A team of staff is located in Victoria, New South Wales, Queensland and Western Australia Western Australia (commonly abbreviated as WA) is a state of Australia occupying the western percent of the land area of Australia excluding external territories. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to th .... History Legalsuper commenced in 2005 with the merger of the NSW Law Industry Superannuation Trust (LIST) and the Victorian Legal Industry Superannuation Scheme (LISS), both of which had c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Kelly (Australian Musician)
Paul Maurice Kelly (born 13 January 1955) is an Australian rock music singer-songwriter and guitarist. He has performed solo, and has led numerous groups, including the Dots, the Coloured Girls, and the Messengers. He has worked with other artists and groups, including associated projects Professor Ratbaggy and Stardust Five. Kelly's music style has ranged from Bluegrass music, bluegrass to studio-oriented dub music, dub reggae, but his core output straddles folk music, folk, rock and country music, country. His lyrics capture the vastness of the culture and landscape of Australia by chronicling life about him for over 30 years. David Fricke from ''Rolling Stone Australia, Rolling Stone'' calls Kelly "one of the finest songwriters I have ever heard, Australian or otherwise". Kelly has said, "Song writing is mysterious to me. I still feel like a total beginner. I don't feel like I have got it nailed yet." After growing up in Adelaide, Kelly travelled around Australia before set ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sally McManus
Sally McManus (born 31 July 1971) is an Australian trade unionist, feminist and political activist who has served as the Secretary of the Australian Council of Trade Unions (ACTU) since 2017. She is the first woman to hold the position of Secretary in the ACTU’s 90-year history. Prior to becoming Secretary she served as a Vice President and Campaigns Director. Before joining the ACTU, McManus was the Branch Secretary and an organiser with the Australian Services Union (ASU) in NSW and the ACT. She has led many campaigns in the private, public and community sectors, including the first collective agreement for IBM workers anywhere in the world, the anti-privatisation campaign at Sydney Water, as well as the equal pay campaign for community workers. This was a seven-year campaign that delivered pay increases of between 18 and 40 per cent for all workers, the vast majority of whom were women. Early life and background McManus grew up in Carlingford, New South Wales, Aust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ACTU
The Australian Council of Trade Unions (ACTU), originally the Australasian Council of Trade Unions, is the largest peak body representing workers in Australia. It is a national trade union centre of 46 affiliated trade union, unions and eight trades and labour councils. The ACTU is a member of the International Trade Union Confederation. The President of the ACTU is Michele O'Neil, who was elected on 28 July 2018. The current Secretary is Sally McManus. Objectives The objectives of the ACTU, found in its constitution, are: * the Social ownership, socialisation of industry, * the organisation of wage and salary earners in the Australian workforce (within the trade union movement), * the utilisation of Australian resources to maintain full employment, establish equitable living standards which increase in line with output, and create opportunities for the development of talent. Organisation The ACTU holds a biennial congress that is attended by approximately 800 delegates from a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greg Combet
Gregory Ivan Combet (; born 28 April 1958) is a former Australian politician and trade unionist. He was Secretary of the Australian Council of Trade Unions between 1999 and 2007. He was elected member for the New South Wales Federal seat of Charlton for the Australian Labor Party at the 2007 election and was immediately appointed Parliamentary Secretary for Defence Procurement in the First Rudd Ministry on 3 December 2007. Combet was the Minister for Climate Change, Industry and Innovation in the Second Gillard Ministry before announcing his resignation from the ministry on 26 June 2013 following Julia Gillard's defeat in a leadership ballot. He previously served as Parliamentary Secretary for Climate Change, when Penny Wong was the Minister. He retired from politics at the 2013 election. In 2020, Combet was appointed to the National COVID-19 Coordination Commission to "provide strategic and policy advice" for the Morrison Coalition Government. Early life Greg Combet was b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Queensland
The Bank of Queensland (branded BOQ) is an Australian retail bank with headquarters in Brisbane, Queensland. The bank is one of the oldest financial institutions in Queensland, having begun as a building society. It now has 163 branches throughout Australia, including 53 corporate branches and 103 "owner managed" branches. In 2021, customer satisfaction with BOQ was rated at 82.9% by Roy Morgan Research. In 2007 customer satisfaction levels were placed at 88%. The bank does not currently have any board directors who are based in Queensland. History A Bank of Queensland was established in 1863. It collapsed in 1866 closing its doors in the severe financial depression known as the Panic of 1866. Another bank took the same name in 1917 but disappeared into the National Bank in 1922. The current Bank of Queensland was established in 1874 as The Brisbane Permanent Benefit Building and Investment Society. It was incorporated in 1887. It amalgamated with City and Suburban Building ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ME Bank
ME Bank, also known as ME, is an Australian direct bank based in Melbourne. ME Bank no longer has branches in Sydney, Brisbane, Adelaide, Perth, Hobart, Canberra and Darwin. It became a subsidiary of Bank of Queensland in July 2021. Founded in 1994 as Super Member Home Loans (SMHL) by Australia's industry superannuation funds, SMHL became Members Equity Bank in 1999, and received a banking licence from the Australian Prudential Regulatory Authority (APRA) in July 2001 and was approved by APRA to act as an authorised deposit-taking institution, authorised to accept deposits from the public. Initially founded to offer access to home loan products, ME Bank today offers a range of low-cost banking products including home loans, savings accounts, credit cards, term deposits, and transaction accounts. History Industry Funds Services (IFS) was founded in 1994 by a group of industry super funds. Also in 1994, Super Member Home Loans (SMHL) was launched by the ACTU in partnership w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UniSuper
UniSuper is an Australian superannuation fund that provides superannuation services to employees of Australia's higher education and research sector. The fund has over 450,000 members and $100 billion in assets (funds under management and total member accounts at 7 July 2021). UniSuper is a not-for-profit company whose shareholders are 37 Australian universities and is governed by a corporate Trustee, UniSuper Limited. All the universities have representation on the Consultative Committee. UniSuper has been granted a MySuper authority, enabling it to continue to receive default superannuation contributions from 1 January 2014. Fund History UniSuper was founded in October 2000, as a result of a merger between the Superannuation Scheme for Australian Universities (SSAU) and the Tertiary Education Superannuation Scheme (TESS). Prior to the merger, UniSuper had been the trustee for the SSAU. UniSuper has pursued a strategy of buying 'fortress' stocks (defensible against disrupti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Employees Superannuation Trust
Rest Super is an Australian industry superannuation fund established in 1988. It is one of Australia's largest superannuation funds by membership, with around 1.9 million members in June 2022. Rest currently manages A$66 billion in funds. Governance Trustee Rest Super is run by a trustee company called Retail Employees Superannuation Pty Limited, with a board of eight directors. Four directors are nominated on behalf of employees by the Shop Distributive and Allied Employees Association and four nominated on behalf of employers and employer associations. Fund Administrator The fund administrator Fund may refer to: * Funding is the act of providing resources, usually in form of money, or other values such as effort or time, for a project, a person, a business, or any other private or public institution ** The process of soliciting and gathe ... of REST is currently Australian Administration Services (AAS), a superannuation administration company based in Rhodes, New South ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
