Super Admin: Accumulation focuses on the rules and processes to support superannuation fund members as they grow their superannuation with contributions and earning. It explores key aspects of looking after the legislative requirements that the fund administrator or fund secretary must follow to ensure compliance.
Suitable for
Super Admin: Accumulation provides greater depth of understanding of the legislative requirements and tax treatment of contributions. It provides an operations perspective. It would be beneficial for fund administrators, trustees and service providers and gives greater understanding of the details for those providing advice to members.
Assumed knowledge
RG 146 Superannuation Essentials or RG 146 Superannuation
Topics
This subject focuses on the administrative processes that support fund members in the accumulation phase of superannuation.
Learning outcomes
After studying this subject, students should be able to:
- Identify the main activities involved in the administration of superannuation funds during the accumulation phase
- Identify the reports and discuss current industry issues from the government review into the governance, efficiency, structure and operation of Australia’s superannuation system
- Describe the different fund arrangements within the super industry and the trends happening within these arrangements
- Describe who is eligible to join a fund and the procedures to be followed when admitting new members to the fund
- Identify the circumstances under which contributions can be made to a fund
- Distinguish between an inquiry and complaint and describe how contact centres are structured for handling inquiries
- Describe the minimum requirements for superannuation funds in reporting to members
- Explain the rules relating to protected and lost members and unclaimed benefits
Qualification
This subject can be counted towards a Diploma of Superannuation (FNS50710) qualification.
Assessment
Assignment 1
Assignment 2
Final assessment
Availability
Flexible on-line (commence any time)
Face-to-face (corporate workshop)
Duration
This subject must be completed within 6 months from commencement.
CPD points
24