Super Admin: Benefits explores the rules and processes to assist superannuation fund members to access their superannuation benefits to support their retirement through rollovers, lump sums or retirement income streams.
Suitable for
Super Admin: Benefits provides greater depth of understanding of the legislative requirements and tax treatment of benefit payments including both lump sums and pensions. It will assist fund administrators, trustees and service providers and gives greater understanding for those providing advice.
Assumed knowledge
RG 146 Superannuation Essentials or RG 146 Superannuation
Super Admin: Accumulation
Topics
This subject follows its partner subject, Super Admin: Accumulation, to explore the administrative processes related to payment of superannuation benefits. It therefore explores rollovers, lump sum payments and superannuation income streams.
Learning outcomes
After studying this subject, students should be able to:
- understand issues related to adequacy and the operation of Australia’s retirement income system
- identify the main activities involved in the administration of superannuation funds during the benefit payment phase
- describe the benefit payment process, including death and disablement benefits
- explain the role of the administrator in dealing with retirement income streams
- describe the minimum legal requirements for trustees of superannuation funds in reporting to members
- outline the procedure to be followed in relation to the division of superannuation assets on the breakdown of marriage
- outline the tasks undertaken by an administrator at year end
- understand the requirements and processes for dealing with complaints
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