superchoice_obligations

Govau or phone 1300 13 10 60 superannuation

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Unformatted text preview: 7. If you do not have access to TTY or modem equipment, phone the Speech to Speech Relay Service on 1300 555 727. 28 ■ CHOICE OF SUPERANNUATION FUND and misleading, deceptive and unconscionable conduct in superannuation and financial services. To make a complaint, phone 1300 300 630. APRA To find more information on the prudential requirements applying to superannuation funds, you can: ■ visit APRA’s website www.apra.gov.au ■ email APRA’s Contact Centre at APRAinfo@apra.gov.au, or ■ phone 1300 13 10 60. SUPERANNUATION COMPLAINTS TRIBUNAL The Superannuation Complaints Tribunal is an DEFINITIONS Cash economy Where income is received in cash payments and not recorded or declared to the Tax Office in order to avoid paying tax. Choice of superannuation fund An initiative that allows certain employees to choose which fund they want their employer superannuation guarantee contributions made to. independent tribunal that deals with complaints about superannuation funds, annuities and deferred annuities. It Choice shortfall does this through conciliation to resolve the complaint and, in some cases, through a formal review of the decision/s or conduct to which the complaint relates. A component of the superannuation guarantee charge which an employer will be liable for if they do not meet their choice of superannuation fund obligations. It is The Tribunal is required to be fair, economical, informal and quick. There is no fee charged for lodging a complaint capped at a maximum of $500 per employee per notice period. with the Tribunal, and none of the Tribunal’s costs are charged to the complainant. Chosen fund The Tribunal does not have jurisdiction to deal with A superannuation fund that an employee nominates in complaints about the decisions or conduct of an employer. writing to their employer as the fund to which they want For more information you can: their employer superannuation guarantee contributions ■ visit the Tribunal’s website at www.sct.gov.au made. ■ call 1300 780 808, or ■ write to Clearing house service The Superannuation Complaints Tribunal A third party (or superannuation trustee) distribu...
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