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Unformatted text preview: tes Locked Bag 3060 superannuation contributions to the employee’s fund on GPO Melbourne VIC 3001 behalf of the employer. Comparative advertising
Advertising by one party which compares a
superannuation fund or advisory service with one or more
other superannuation funds or advisory servicers. Complying superannuation fund
This is a fund that meets certain regulatory requirements
Note: See section 42 of the Superannuation Industry
(Supervision) Act 1993 for an exact deﬁnition. CHOICE OF SUPERANNUATION FUND ■ 29 Data matching
This involves obtaining data from external sources and Financial products also speciﬁcally include:
■ interests in a managed investment scheme matching it against Tax Ofﬁce data to identify non- ■ derivatives compliance. ■ general insurance
■ life insurance Dealing
‘Dealing’ captures a very wide range of conduct associated ■ superannuation
■ basic deposit products, and with ﬁnancial products. This includes applying for or
acquiring a ﬁnancial product and issuing, varying or ■ retirement savings accounts. disposing of a ﬁnancial product on another person’s Note: see Division 3 of Part 7.1 of the Corporations Act for behalf. Dealing also includes ‘arranging’ for a person an exact deﬁnition. to engage in any such conduct, and captures conduct
by which a person negotiates for, or brings into effect, a Financial services guide dealing in a ﬁnancial product. A document that explains the nature of ﬁnancial services
being offered by an Australian ﬁnancial services licence Deﬁned beneﬁt fund holder, the fees charged and how the person providing the A type of fund that provides beneﬁts for members in service deals with customer complaints. accordance with a set formula that is contained in the Note: see section 761A of the Corporations Act for an governing rules of a superannuation fund. exact deﬁnition. Eligible employees ‘From’ fund Employees who are entitled to choose which In terms of switching superannuation funds, the superannuation fund will receive their employer ‘from’ fund is the fund in which someone...
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This note was uploaded on 03/25/2014 for the course FOBE 302 taught by Professor X during the One '13 term at Macquarie.
- One '13