POWERED BY MOMENTUM MEDIA
Vision Super starts SuperStream contributions
Vision Super is first off the mark to send contributions in the SuperStream format.
Vision Super has worked with two of its employers to finish off the initial testing of SuperStream with the Australian Taxation Office (ATO).
The fund announced Hansen Technologies was the first employer to use the new standard, and said both companies in the testing are running live with the SuperStream format.
"The experience of this first group highlights the benefits which SuperStream will bring with an end-to-end flow of data and payments from employers to super funds," the ATO said.
Vision Super was part of the first induction group working with the ATO to roll out SuperStream contributions through the new method.
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
