Scheme updates

Effective Change
1 February 2007

Improvements to insurance

Lump Sum Scheme members who salary sacrifice into Triple S can apply for additional Death and TPD insurance through Triple S.

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1 July 2006

Moderate investment option introduced

Lump Sum Scheme members now have the choice of seven investment options.

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13 January 2005

Government Co-contribution payments

Eligible Lump Sum Scheme members are able to receive co-contribution payments into a Triple S account through the Commonwealth Government's Co-contribution Scheme.

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18 November 2004

Change to Superannuation Salary for the first 12 months of an Untenured Executive contract

This change provides for the calculation of superannuation salary for existing tenured executives who sign an untenured contract.

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19 August 2004

Investment Choice introduced

This amendment allows Lump Sum Scheme members to have an active role in deciding how the Member Component of their super is invested. The Member Component is made up of the balances of the Member Account and Rollover Account (if any).

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19 August 2004

Payment of Superannuation Surcharge tax

Lump Sum Scheme members can elect to have part of their lump sum entitlement withheld and used to pay any accrued surcharge debt.

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Please note that these updates cover the period since 30 June 2004. Earlier updates are available in the relevant Annual Reports.

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