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Fund Statements

First Super Financial Statements 2019/20

First Super Annual Report 2018/19

First Super Financial Services Guide (FSG)

Significant Event Notices

The Trustee is required to notify members of material changes or significant events (as defined in the Superannuation Industry Supervision Act 1993) relating to their membership and/or entitlements with First Super. Such changes or events generally include changes to fees and costs, insurance cover or premiums, Government contribution limits or tax rates, composition of investment options or transfer of members’ benefits without consent.

First Super communicates such matters through Significant Event Notices (SEN) which may be issued exclusively or within other correspondence such as annual statements or newsletters. SENs may also be published online or emailed depending on the nature of the matter.  Changes or events announced in a SEN are generally incorporated into the subsequent version of the applicable Product Disclosure Statement (PDS).

Notice Date Nature of event or change Impact of the change Link to Notice
01 September 2020 This notice identifies a typographical error contained in the Pension Product Disclosure Statement (PDS) and Investing Your Super booklet regarding asset allocation target ranges. A supplemental Pension PDS and updated Investing Your Super booklet were issued 18 May 2020. This error has in no way impacted the investment option outcomes. This notice is to alert members who may have been received the Pension PDS and/or Investing Your Super booklet between the 1 April 2020 and 18 May 2020. Where possible, impacted members have received an updated copy of these documents if these were requested from our Member Services Team.

 

Pension Product Disclosure Statement (PPDS) and Investing Your Super booklet SEN Sept-2020
31 January 2020 This notice explains the changes to First Super Accumulation product. It includes events that impact, and changes to, the information provided within the Product Disclosure Statements (PDS) of those products, including the associated supplementary documents.
  • Changes to insurance cover provision and eligibility due to the Putting Members’ Interests First reforms, which are effective from 1 April 2020
  • Increases to administration and asset fees for accumulation accounts.

 

Putting Members’ Interests First – insurance inside super and Administration fees 
30 August 2019 This notice explains the changes to First Super Accumulation and Transition to Retirement Allocated Pension products. It includes events that impact, and changes to, the information provided within the Product Disclosure Statements (PDS) of those products, including the associated supplementary documents.
  • Review of First Super insurance cover fees
  • Transition to Retirement: limit on opening accounts
  • Changes due to Protecting Your Super Package legislation:
    – Removal of exit fees
    – Capping of fees
    – Inactive low-balance account transfers to the Australian Taxation Office
    – Cancellation of insurance cover on inactive member accounts
  • Work Test Exemption rules
Superannuation and Transition to Retirement Allocated Pension SEN Aug-2019
30 September 2018 This notice explains the changes to First Super Accumulation product. It includes events that impact, and changes to, the information provided within the Product Disclosure Statements (PDS) of those products, including the associated supplementary documents.
  • First Home Super Saver Scheme (FHSS)
  • Downsizer contributions
  • Early Release of Super
  • Caps and thresholds
  • Administration Fees
  • Advice Fees
  • Investment Changes

 

Superannuation SEN
Sep-2018.pdf
30 September 2018 This notice explains the changes to First Super Pension products. It includes events that impact, and changes to, the information provided within the Product Disclosure Statements (PDS) of those products, including the associated supplementary documents.
  • Early Release of Super
  • Complaints Handling
  • Advice Fees
  • Caps and thresholds
  • Investment Option Objectives
  • Standard Risk
  • Investment Fees and Costs
  • Property Operational Costs
Pension SEN
Sep-2018.pdf
01 July 2017 This notice explains the changes implemented from the 2016 Federal Budget, where a number of reforms to superannuation were proposed, and which came into effect on 1 July 2017.
  • Changes in contributions caps
  • Claiming a tax deduction on superannuation contributions
  • Spouse offset eligibility requirements
  • High-income earnings tax
  • Changes to anti-detriment payments
  • Transfer balance cap
Legislative
Changes
1-July-2017.pdf
01 April 2017 This notice explains the changes that will come into effect from 1 July 2017 relating to investment earnings for members who hold a Transition to Retirement (TTR) income stream.
  • Transition to Retirement (TTR) income stream accounts were subject to legislative change
TTR
Jul-2017.pdf