Fund Statements
Significant Event Notices
The Trustee is required to notify members of material changes or significant events (as defined in the Superannuation Industry Supervision Act 1993) relating to their membership and/or entitlements with First Super. Such changes or events generally include changes to fees and costs, insurance cover or premiums, Government contribution limits or tax rates, composition of investment options or transfer of members’ benefits without consent.
First Super communicates such matters through Significant Event Notices (SEN) which may be issued exclusively or within other correspondence such as annual statements or newsletters. SENs may also be published online or emailed depending on the nature of the matter. Changes or events announced in a SEN are generally incorporated into the subsequent version of the applicable Product Disclosure Statement (PDS).
Notice Date | Nature of event or change | Impact of the change | Link to Notice |
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21 December 2021 | This notice explains the changes to First Super’s Trust Deed clause 17.1 (a) and 18.2 (c). | >the change to Clause 17 1 clarifies the ability of the Trustee that it may charge and be paid fees that it may retain for its own benefit.
>the change to Clause 18 2 (c) clarifies what is meant by a ‘civil penalty order’, defining it to mean a non-SIS penalty order and a non-SIS infringement notice. |
Changes to Trust Deed |
20 December 2021 | This notice explains the changes to First Super’s Constitution. | The change will allow the Company to establish a reserve to pay for items such as Trustee Liability Insurance. | Changes to Constitution |
2 December 2021 | This notice explains the changes to First Super’s investment strategy. | Increased likelihood of achieving the return objectives. | Changes to First Super’s Conservative Balanced investment objectives |
1 December 2021 | This notice explains the changes to First Super’s investment strategy. | >Increased allocation to growth assets for the Balanced, and Growth investment options. | Changes to First Super’s investment strategy |
1 December 2021 | This notice explains the changes to First Super’s insurance occupation categories | The only change is to the name of the categories. | Insurance occupation category changes |
1 November 2021 |
This notice explains the changes to First Super Accumulation product. It includes the impact and changes to the information provided within the Product Disclosure Statement (PDS) of that product including the associated supplementary documents. | Reduction of the First Super Administration fee for First Super Accumulation product | Reduction of the First Super Administration fee SEN – 1 NOV 2021 |
1 July 2021 | This notice explains the legislated changes that came into effect on 1 July 2021. |
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Super and Pension legislative changes |
1 September 2020 | This notice identifies a typographical error contained in the Pension Product Disclosure Statement (PDS) and Investing Your Super booklet regarding asset allocation target ranges. A supplemental Pension PDS and updated Investing Your Super booklet were issued 18 May 2020. | This error has in no way impacted the investment option outcomes. This notice is to alert members who may have been received the Pension PDS and/or Investing Your Super booklet between the 1 April 2020 and 18 May 2020. Where possible, impacted members have received an updated copy of these documents if these were requested from our Member Services Team.
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Pension Product Disclosure Statement (PPDS) and Investing Your Super booklet SEN Sept-2020 |
31 January 2020 | This notice explains the changes to First Super Accumulation product. It includes events that impact, and changes to, the information provided within the Product Disclosure Statements (PDS) of those products, including the associated supplementary documents. |
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Putting Members’ Interests First – insurance inside super and Administration fees |
30 August 2019 | This notice explains the changes to First Super Accumulation and Transition to Retirement Allocated Pension products. It includes events that impact, and changes to, the information provided within the Product Disclosure Statements (PDS) of those products, including the associated supplementary documents. |
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Superannuation and Transition to Retirement Allocated Pension SEN Aug-2019 |
30 September 2018 | This notice explains the changes to First Super Accumulation product. It includes events that impact, and changes to, the information provided within the Product Disclosure Statements (PDS) of those products, including the associated supplementary documents. |
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Superannuation SEN Sep-2018.pdf |
30 September 2018 | This notice explains the changes to First Super Pension products. It includes events that impact, and changes to, the information provided within the Product Disclosure Statements (PDS) of those products, including the associated supplementary documents. |
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Pension SEN Sep-2018.pdf |
1 July 2017 | This notice explains the changes implemented from the 2016 Federal Budget, where a number of reforms to superannuation were proposed, and which came into effect on 1 July 2017. |
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Legislative Changes 1-July-2017.pdf |
1 April 2017 | This notice explains the changes that will come into effect from 1 July 2017 relating to investment earnings for members who hold a Transition to Retirement (TTR) income stream. |
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TTR Jul-2017.pdf |