Growcom Workplace Seminar Anthony Brick, FNQ Jamie Woods, CQ Stacey Watson, Wide Bay Bruce Waltisbuhl, SEQ
Disclaimer This presentation contains general information only and does not take into account your individual objectives, financial situation or needs. You may also wish to seek the advice of a qualified financial planner. Please also read the relevant AustSafe Super Product Disclosure Statement (PDS) before making a decision in relation to the product. The Industry Super PDS and Personal Super PDS, available at austsafe.com.au, each summarise important information about being a member of AustSafe Super. Issued by Austsafe Pty Ltd ABN AFSL RSE Licence L as Trustee of AustSafe Super ABN RN R MySuper UI
What’s the plan today? Welcome and introduction to AustSafe Super How we support you and your business What we offer your employees Update on legislative changes including SuperStream deadlines Introduction to AustSafe Super’s solution to SuperStream – QuickSuper Registering for QuickSuper QuickSuper Demo Case Study – Stahmann Farms Questions
The industry super fund for rural and regional Australia For over 25 years, we’ve been committed to looking after members’ super throughout their working lives and into retirement as well as helping employers understand super and meet their obligations We’re local – our team of Regional Managers live and work in rural and regional areas and are on hand to help YOU understand super and meet your obligations We’re an Industry SuperFund, which means we’re run only to benefit members and have a history of strong long-term performance. It’s your choice. About AustSafe Super
As an employer you benefit from: Our secure online Clearing House solution - QuickSuper (explained further on) Personalised service from our local Regional Managers who can visit you and your employees at your workplace A dedicated Customer Service Centre to answer questions from you and your employees FREE Employer seminars for you and Super and Retirement Seminars for your employees Regular communications to keep you up-to-date with your super obligations, and Being part of a fund that gives back to the industry – corporate partner of Growcom Supporting you and your business
Low fees # - no establishment fees and low administration fees 24/7 access to MemberOnline – online access to their super account A range of investment options – history of strong long-term performance* Flexible insurance cover – automatic Death and TPD insurance and members can apply for additional units of cover and Income Protection Financial planning – Access to Austsafe Super Financial Planners + who can help you and your employees make the most of their super and plan for retirement. # SuperRatings Fundamentals Assessment – Fee Comparison result better than average – 30 June *SuperRatings Fund Crediting Rate Survey – Balanced (60-76) Index result above median on rolling 10 year return for AustSafe Super - MySuper (Balanced) – June AustSafe Super financial planning services are provided by Industry Fund Services Limited (AFSL , ABN ). Past performance is not an indicator of future performance. Fees may vary in the future. …And your employees
Strong long-term performance 1 year return of 12.62% for the MySuper (Balanced) Investment Option for the year to 30 June Year ending 30 June 2014, AustSafe Super has outperformed retail funds and industry super funds over 3, 5, 10 year periods #. # Source: SuperRatings Fund Crediting Rate Survey – SR50 Balanced (60-76) Index – June 2014 Our results do the talking! Median Fund AustSafe Super 3 years9.06%9.55% 5 years9.21%9.56% 10 years6.78%6.97%
Legislative changes Superannuation Guarantee freeze Under previous Government, Superannuation Guarantee (SG) was to increase to 12% by July Current Government has extended the delay so that the SG will not reach 12% until July The SG is now 9.5% and will not increase again until 2021
Legislative changes cont. Compulsory SuperStream standards The Government is changing the way employers pay super By 30 June 2016, all employers will need to make contributions and send information to super funds electronically If you have 20 or more employees – you need to be ready by 30 June 2015 If you have fewer than 20 employees – you need to be ready by 30 June 2016 AustSafe Super has the solution – Our Clearing House, QuickSuper meets the Government requirements and is suitable for all businesses.
Comply with the SuperStream data and payment standards Pay your staff’s super electronically to AustSafe Super and other funds, in one transaction No cost for employers with AustSafe Super as their default fund Makes paying your super contribution payments easier and more accurate Your default fund is the preferred fund you elect for any of your new or existing employees who do not choose their own fund. QuickSuper – your SuperStream solution
Not an AustSafe Super employer yet? Before you can make contributions on behalf of your employees, you need to first register to become a participating employer. Join online at austsafe.com.au Once you’ve joined, it’s easy to start using QuickSuper! Register online – you’ll need your company details (e.g. ABN and bank account details), and your AustSafe Super employer number. QuickSuper – your SuperStream solution
Here’s how you register
You can watch an online demo about setting up your QuickSuper account.online demo Questions about QuickSuper? Call our dedicated QuickSuper Customer Service Centre on Demo
Case Study Michelle Porter – Stahmann Farms Company Accountant at Stahmann Farms, located in Toowoomba Pays for 135 staff – 51 full time, 2 part time and 82 seasonal over the year Previously using multiple online systems and payments methods such as cheque, EFT and direct debit Stahmann Farms are now meeting the SuperStream requirements by using QuickSuper to pay super to employees. “The authorisation and payment process is simplified – all we need to do is make one transaction to authorise and pay super to employees” “I found the transition to QuickSuper, easy & straight forward”
Contacts Any Questions? AustSafe Super Contacts Bruce WaltisbuhlSouthern Qld Stacey WatsonCentral Qld Jamie WoodsNorth Qld Anthony BrickFar North Qld