Queensland-based funds administration software developer Supercorp has updated its SuperVisor II platform to accommodate the recent changes to Australia’s superannuation environment.
Supercorp managing director Kurt Groeneveld said the updated version of the software included new member fee reporting capabilities, which allowed funds to easily incorporate detailed fee information into their member reports and allowed for the easy administration of member contribution splitting.
“The pressure on superannuation administration teams to cope with the steady stream of legislative changes is mounting daily and it is our role to ease the burden,” he said.
Groeneveld said that along with the upgrades affecting fee information and contribution splitting, the software provided support for 2006 tax returns, new Reasonable Benefits Limits and Australian Prudential Regulation Authority reporting.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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