POWERED BY MOMENTUM MEDIA
Qantas chips in to meet super obligations
Qantas will make further payments totalling $66 million to cover its defined benefits obligations to the Qantas Superannuation Fund.
The company has announced to the Australian Securities Exchange that it and the fund had agreed to a revised funding plan for the defined benefits divisions to reflect the adverse performance of financial markets over recent months.
The announcement said in addition to current contributions, further payments totalling $66 million would be made by the company over the next three years.
It said the new funding plan had been prepared by an independent actuary and agreed to by the company and the trustee.
Qantas confirmed its ongoing support for the plan and said it remained in a strong financial position despite the challenging economic environment.
Recommended for you
The pace of economic growth in Australia is expected to “grind higher over coming quarters” off the back of lower inflation, falling interest rates, and a robust labour market, Deloitte has said.
The superannuation sector has welcomed confirmation that a controversial US tax provision will be removed.
A new analysis from environmental finance group Market Forces has reportedly discovered that AustralianSuper is on the b...
Treasurer Jim Chalmers has held talks with US Treasury Secretary Scott Bessent, intensifying efforts to resolve concerns over section 899 of the proposed “Big Beautiful Bill” in the United States.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
