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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] |
385 Bourke Street
385 Bourke Street (also known as the State Bank Centre) is a high-rise office building located in Melbourne, Australia. It is the former head office of the State Bank of Victoria and Commonwealth Bank of Australia. It is located at 385 Bourke Street on the corner of Bourke and Elizabeth Streets. The lower levels of the building are the Galleria shopping centre. Major tenants in the building are EnergyAustralia, and Industry Superannuation fund UniSuper. See also *List of tallest buildings in Melbourne Melbourne, the second-largest city in Australia, is home to approximately 758 completed high-rise buildings. Of those completed and or topped-out, 73 buildings are defined as "skyscrapers"–buildings which reach a height of at least ; m ... References External links * Skyscrapers in Melbourne Office buildings in Melbourne Skyscraper office buildings in Australia Shopping centres in Victoria (Australia) Office buildings completed in 1983 International Sty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aware Super
Aware Super is an Australian superannuation fund headquartered in Sydney, New South Wales. With $150bn under management and over 1 million members, it is Australia's third-largest superannuation fund. History It was initially established in 1992 as First State Super to provide superannuation benefits to New South Wales government employees. First State Super became a public offer fund on 1 May 2006, opening up membership to anyone eligible to receive superannuation benefits. This was in response to feedback from existing members who were keen to remain with the fund when they changed jobs and moved from the public to the private sector. The change meant First State Super became included in comparisons of performance, fees and other features with other funds. In 2012, First State Super merged with Health Super, a not‐for‐profit superannuation fund for workers in the health and community services sector. At the time the merger meant the combined entity was the third largest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industry Superannuation Fund
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] |
AustralianSuper
AustralianSuper is an Australian superannuation fund headquartered in Melbourne, Victoria. With approximately one in every ten Australian workers as members, it is Australia's largest superannuation fund. AustralianSuper is an industry superannuation fund run only to profit members. AustralianSuper has a MySuper authority, meaning it can accept default contributions from an employer on behalf of employees who have not nominated a superannuation fund. AustralianSuper also offers a 'Member Direct' option, allowing users greater control in selecting a portfolio of Australian shares, ETF's, term deposits and cash. AustralianSuper is owned by the Australian Council of Trade Unions (ACTU) and employer peak body the Australian Industry Group (Ai Group). History AustralianSuper was established on 1 July 2006 through the merger of Australian Retirement Fund (ARF) and Superannuation Trust of Australia (STA). Ian Silk, who was the CEO of ARF, became the CEO of AustralianSuper; while Mar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-Profit
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to eve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MySuper
MySuper is part of the Stronger Super reforms announced in September 2011 by the Gillard Labor government for the Australian superannuation industry to replace the previous default funds system with a new default system using low cost and simple superannuation products. MySuper compliant products may be provided by industry super funds, as well as retail super funds. Funds that do not operate as default funds, such as self managed superannuation funds (SMSFs) or choice products, are not subject to MySuper standards. Since 1 January 2014, unless an employee has chosen another investment option, employers must pay all compulsory SG contributions into approved MySuper accounts, i.e., into super products that have received a MySuper authority. From that date, super funds must also credit employer contributions to a MySuper account, unless if the member has directed the trustee to do otherwise. Given that over 75% of employees stay with their employers’ default fund, it was expecte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 2000
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Companies Established In 2000
Australian(s) may refer to: Australia * Australia, a country * Australians, citizens of the Commonwealth of Australia ** European Australians ** Anglo-Celtic Australians, Australians descended principally from British colonists ** Aboriginal Australians, indigenous peoples of Australia as identified and defined within Australian law * Australia (continent) ** Indigenous Australians * Australian English, the dialect of the English language spoken in Australia * Australian Aboriginal languages * ''The Australian ''The Australian'', with its Saturday edition, ''The Weekend Australian'', is a broadsheet newspaper published by News Corp Australia since 14 July 1964.Bruns, Axel. "3.1. The active audience: Transforming journalism from gatekeeping to gatew ...'', a newspaper * Australiana, things of Australian origins Other uses * Australian (horse), a racehorse * Australian, British Columbia, an unincorporated community in Canada See also * The Australian (disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Retirement Trust
The Australian Retirement Trust (ART) is an Australian superannuation fund headquartered in Brisbane, Queensland. With $230bn under management and over 2 million members, it is Australia's second-largest superannuation fund. History The Australian Retirement Trust was founded on 28 February 2022 following the merger between Sunsuper and QSuper. It was the largest superannuation fund merger in Australian history. On 30 April 2022, the Australia Post Superannuation Scheme (APSS) was merged into the Australian Retirement Trust. In May 2022, Woolworths Group appointed the Australian Retirement Trust to manage its corporate superannuation services. See also *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 workin ... References {{Reflist External links Off ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Tertiary Education Union
The National Tertiary Education Union (NTEU) is an Australian trade union for all higher education and university employees. It is an industry union, and the only union working exclusively in the Australian university sector. Overview NTEU is a specialist national union solely representing staff in tertiary education. In all Australian universities, NTEU represents professional staff, academic staff, research staff, general staff, ELICOS teachers, and staff of Student Unions and university companies. In Victoria, NTEU also represents TAFE general staff and all staff in Adult Education. NTEU is a relatively recent union, formed out of previous tertiary education staff associations, principally the Federation of University Staff Associations and the Federation of College Academics. It is generally considered to be more towards the left of the union movement, and has a high focus on self-directed membership branches and the organising model of unionism. The NTEU often engage ... [...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] |
List Of Universities In Australia
There are 43 universities in Australia: 40 Australian universities (36 public and 4 private) and 3 international private universities. The Commonwealth Higher Education Support Act 2003 sets out three groups of Australian higher education providers: universities, other self-accrediting higher education institutions, and state and territory accredited higher education institutions. For admissions to universities, those students who have completed Australian state curricula are granted a state-specific Australian Tertiary Admission Rank. All public-funded Australian universities use the ATAR based "selection rank" as one of their methods of admission; universities also use past study, work experience and other considerations in granting admission. The ATAR provides an indication of the overall position of the student in relation to the student body for that year across the state. The ATAR is used by state-specific centralised admission centres for admission to government-funded un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
