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Definitions (29)
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Administration fee
A fee to cover the cost of running the Fund on a day-to-day basis. This is a flat fee deducted from your super or pension account.
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Asset Allocation
The apportionment of an investment portfolio among different asset classes (shares, fixed interest, property, cash etc).
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Asset Class
A broadly defined category of financial assets, e.g. Australian shares, overseas shares, property, fixed interest, cash etc.
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Australian Prudential Regulation Authority
A Commonwealth agency responsible for the prudential regulation of banks, life insurance companies, general insurance companies and superannuation funds.
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Australian shares
Represent partial ownership of companies listed on the Australian Stock Exchange.
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Award superannuation
Superannuation entitlements which are determined by a Federal or State industrial award. In some cases these entitlements may provide entitlements to employees which are additional to the minimum requ [..]
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benchmark
An index or other market measurement which is used to assess the risk and performance of a portfolio. Beneficiary
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benefit
The amount of money a member is entitled to receive from the Fund upon their retirement, death, disablement, or other circumstances specified in the Trust Deed. Binding Death Benefit Nomination
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BPAY
A method of making payments by phone directly from a bank, building society, credit union, or credit card account.
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Capital gain/loss
The difference between the sale price of a capital asset and its cost.
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