We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Superannuation Australia - Essay Example

Comments (0)
Summary
One of the major economic strategies that the Australian government undertook in 2009 was the review of operations and efficiency of the superannuation system. After an extensive deliberation and Super System Review of the commission under the leadership of Jeremy Cooper, a…
Download full paper
GRAB THE BEST PAPER
Superannuation Australia
Read TextPreview

Extract of sample
Superannuation Australia

Download file to see previous pages... One of the key features that MySuper offers is easily comparable fees structure that has a list of allowable forms of fees (Patrick, 2004). In addition, the fees that a member of MySuper is charged are limited. Some of the major fees that are involved include administration fee, investment fee, and other types of fees including exit fees, investment switching and contribution splitting.
MySuper products offers total & permanent disability (TPD) insurance that is of standard and default in nature. This implies that the members will have the opportunity to decrease or increase their insurance cover without leaving the MySuper product. Upon joining, members of MySuper product will automatically receive a prescribed level of insurance (Mansell and Wehn, 1998). Similarly, individuals who decide to opt out of the insurance cover will no longer pay the insurance premium.
In its effort to attain an economic growth that is based on extensive investment, the Australian government introduced a lifecycle investment option as a default to MySuper product. One of the major aspects of the lifecycle investment option is that it allows the trustees to move members into another investment mix in an automatic manner. Some of the factors that are considered during moving of members include age, time, gender and retirement among others (Bill, 2013). Through the Trustee Tailored Superannuation, new inventive lifecycle methods have now been introduced thus ensuring that member’s income is properly invested.
Another notable feature that is found in the MySuper product is disclosure. This implies that the extent of trustee disclosure depending with the fees, investment allocation as well as investment performance will be higher. As a result, the Australian Prudential Regulation Authority (APRA) will be in a position to compare data that is related to long-term net return thus ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Commonwealth bank of Australia
It is noteworthy that Commonwealth Bank has listed its stock in the Australian Securities Exchange. Presently Commonwealth Bank of Australia is one of the major players in the Australian financial markets owing to its large market coverage and asset base.
5 Pages(1250 words)Essay
The Financial and Banking System Of Australia
The continent is a self governing country that is a part of the commonwealth federation. It is currently bounded by the Timor sea, Arafura sea, Torres strait, Coral sea, Tasman sea, Bass strait along with the Indian ocean (Verdier, p.11). It is the smallest continent found on the globe and the sixth largest country in the world.
17 Pages(4250 words)Essay
Insurance Industry in Australia and Acts of Parliament
This scheme is better known as insurance. The existence of insurance has resulted in people living in a relaxed manner and in an environment that is conducive to run business. The Australian insurance industry generates billions of dollars in an annual basis, and it has employed thousands of people.
6 Pages(1500 words)Essay
Housing Market in Australia
Many authors have conducted researches to determine which sector is dominant in housing sector as well as to identify the primary reasons behind these changes. Some of the most renowned researched covering these aspects have been presented in the subsequent part of this paper.
6 Pages(1500 words)Essay
Household Saving In Australia
One thing that is certain is that the level of saving, whether measured as a percentage of income or a percentage of GDP, has significantly declined in the last 30 years, in Australia as well as the other English speaking countries. The fundamental effects that the level of household savings in Australia has on the national economy are as numerous and diverse as the motivations for saving are.
3 Pages(750 words)Essay
Australia taxation law
This website contains all forms required, legal ramifications and case law, and calculators used to complete calculations required in different portions of the tax forms (such as depreciation calculations.) The success of this case study can be measured by what tools were used to identify and calculate requirements and the computation of the final tax levied.
9 Pages(2250 words)Essay
Employment Relations in Australia
The three essential changes include Any employer or an employee spends most of the time in the workplace. The people and the surroundings around him affects both his work and his life. Discrimination at work place can cause damage to the entire society.
12 Pages(3000 words)Essay
Australia
This has been attributed to various factors that include a democratic government that steers forward the development, tourism industry that is one of the key foreign exchange earner and other cultural attributes that include religion, diverse languages and
1 Pages(250 words)Essay
Should business take care of its superannuated employees
In Switzerland, the scheme is supported by the government. The federal government sets the guidelines directing on the remittance of the minimum contributions that are compulsory for all employees. For instance,
5 Pages(1250 words)Essay
Profitability of Banks: Commonwealth Bank of Australia
Therefore, identification of the performance of banks in the implementation of its tasks can actually present different weaknesses and strengths in banks. Because banks just like any other organization are after financial profitability, they strive to attain this key objective. It is thus essential for them to identify effective variables.
8 Pages(2000 words)Essay
Let us find you another Essay on topic Superannuation Australia for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us