Corporate governance

September-October (Divisions 6, 7 and Gateway)

• Significant Event Notice: Reduction in administration fee from 1 October 2018

August-September (all members)

• Removal of term deposit option

June (all members)

• Introduction of Insurance in Superannuation Code of Practice

March (all members)

• Change to Cash investment option
• Quitting investment in tobacco

December (all members)

• Annual Report 2017

September (Gateway Division)

• Significant Event Notice:
  • You’ll be covered by automatic income protection
  • Some conditions or definitions have changed

September (Divisions 3A, Gateway)

• Significant Event Notice: Important updates to your insurance. Some conditions or definitions have changed

September (Division 10)

• Significant Event Notice: Important updates to your insurance
  • You’ll be covered by automatic income protection
  • You can opt out of your Standard Cover
  • The way your insurance cover is calculated is changing
  • Some conditions or definitions have changed

September (Division 7: Network Aviation)

• Significant Event Notice: Important updates to your insurance
  • You can opt out of your Standard Cover
  • The way your insurance cover is calculated is changing
  • Some conditions or definitions have changed

September (Division 7)

• Significant Event Notice: Important updates to your insurance
  • You’ll be covered by automatic income protection
  • You can opt out of your Standard Cover
  • The way your insurance cover is calculated is changing
  • Some conditions or definitions have changed

September (Division 6)

• Significant Event Notice: Important updates to your insurance
  • You can opt out of your Standard Cover
  • The way your insurance cover is calculated is changing
  • Some conditions or definitions have changed

September (Division 5)

• Significant Event Notice: Important updates to your insurance
  • You can opt out of your Standard Cover
  • The way your insurance cover is calculated is changing
  • Some conditions or definitions have changed

September (Divisions 1, 2, 3, 3AN, 4, 12, 15)

• Significant Event Notice: Important updates to your insurance
  • Some conditions or definitions have changed

December (all members)

• Proposed super reforms are now law
• Pension payments – changes to assets test from 1 Jan 2017

October (all members)

• Annual Report 2016
• Super Update
• Significant Event Notice:
  • Changing the way we keep in touch
  • Changes to rules for automatic transfer out of Qantas Super
  • Aligning waiting periods for income protection cover
  • Change to terminal illness definition

May (Remaining members in Divisions 3A, 6, 7, and 10, with accrued default amounts)

• Final opportunity for members with accrued default amounts to opt out of automatic transfer to Gateway

December (all members)

• Annual Report 2015
• Super Update – Our new retirement calculator; introducing new CEO, estate planning; a reminder about tax implications on making withdrawals from super; Super 101; Q&As: Terminal illness benefit

December (Division 15)

• Division 15 Q&A

September (all members)

• Super Update – Upcoming changes; Best Doctors feature; new retirement solution; changes to pensions in Federal Budget 2015-2016; change to QROPs requirements; 12 month portability rule for Gateway; Qantas Super CEO to retire; member-elected Group C Director reappointed; insurance through your super
• Investment Updates – Introducing Glidepath; choose a mix of investment options; simplifying names of investment options; strategic investment review outcomes (change of terminology for asset classes); managing our currency exposure; changes to investment objectives, time horizons and growth/defensive splits
• Insurance Updates – New features for Voluntary Cover in Gateway; reminder to Division 8 members to make their choice; life events feature; change to terminal illness legislation; eligibility for income protection (Gateway); clarification of eligibility for $750,000 Voluntary Cover; total and permanent disablement definitions; new insurance features for Division 15 members

August (Default members in Divisions 3A, 5, 6, 7, 10, and Gateway)

• Default members to be automatically invested in Glidepath, Qantas Super’s new default investment option

August (Division 9 and 14)

• Retirement and transition to retirement accounts will automatically become Income Accounts in Gateway

July (all members)

• Managing our currency exposure
• UK pension fund requirements changing

May (Division 7)

• Administration fee increase
• Increase in cost of any Voluntary Cover
• Timing of deductions

May (Division 6)

• Administration fee increase
• Increase in cost of Standard Cover for income protection and any Voluntary Cover
• Timing of deductions

May (Gateway Division)

• Increase in administration fees
• Increase in cost of Basic Cover for income protection and any Voluntary Cover
• Timing of deductions

May (Division 8)

• Transfer from Division 8 to Gateway

May (all members)

• Gateway as the new retained benefits offer for all members
• Administration fee increases
• Increases in premiums for income protection and Voluntary Cover
• Timing of deductions
• Important changes from 1 July 2015

December (Divisions 1, 2, 3)

• Changing the way defined benefit assets are invested

November (Division 15 AaE)

• Transfer from APSS to Qantas Super

September (Divisions 6, 7, 8, 9, 14 and Gateway)

• Administration fee rebate

September (all members)

• Abolition of the Low Income Superannuation Contribution and rephrasing of the Superannuation Guarantee

August (Certain members in Divisions 1, 2 and all members in Divisions 4 and 12)

• Introduction of member investment choice

July (all members)

• Increase in Medicare Levy
• Dropping the APRA levy for 2014/2015
• Weekly Credited Interest Rates
• New superannuation rates and thresholds for 2014/2015

July (Divisions where member investment choice applies)

• Weekly investment switching

July (Divisions 1, 2, 3 and 12)

• Important changes to insurance for Defined Benefit divisions

April (all members)

• Update to our Privacy Policy
• Completion of transition to new administrator

March (all members)

• Launch of financial advice offer
• Change to distribution of death benefits for binding nominations

March (Divisions 7, 8, 9, 10, 14 and Gateway)

• New product disclosure statements

March (Division 8)

• Removal of minimum withdrawal amount
• Removal of maximum number of withdrawals per year

February (all members)

• Change in administrator – limited services period has ended. New PIN to be issued

January (Gateway Essentials Division)

• Fee caps for Gateway Essentials

January (all members)

• Change in the administration of the voluntary insurance tax deduction

December (all members)

• Information about our new administrator, including new contact details
• Updated Financial Services Guide
• Limited service period as we change administrator
• New requirements for handling complaints
• New time limits for lodging an SCT complaint for decisions made by Trustee from 1/7/2013

December (members in Divisions 6 and 7 with accrued default amounts)

• Future of your super

November (Divisions 3A, 5, 6, 7 and 10)

• Final notice about accrued fault account transfer

October (Division 11)

• Division 11 closing with members being transferred to Gateway

October (Division 8)

• Fee changes

September (all members)

• Appointment of new administrator
• Accepting transfers to Kiwisaver

September (members in Divisions 3A, 5, 6, 7 and 10 with accrued default amounts)

• Future of your super

July (all members)

• Launch of Best Doctors service
• Funding a new operational risk reserve
• Changes to Superannuation Guarantee contributions
• Additional Funding Plan update (relevant to DB members)
• Launch of Gateway division
• Introduction of Operational Risk Reserve (deduction from credited rates)
• Removal of Member Protection for small accounts

July (Divisions 6, 7 and 8)

• Administration fee

July (Divisions 3A, 5, 6, 7 and 10)

• New insurer
• Exclusion for pre-existing medical conditions removed
• New conditions and features
• New definitions for disablement benefits and TPD
• Insurance premiums

July (all members except those in Gateway Division)

• Change to strategic asset allocation for Aggressive option

July (Gateway Division)

• Stamp duty payable on income protection premiums

July (Divisions 5 and 6)

• Stamp duty payable on temporary disability premiums

July (Division 8)

• Exit fee

December (Divisions 5, 6, 7, 8 and 10)

• Introduction of term deposit option

October (all members)

• Interim credited interest rates determined weekly (previously monthly)

July (all members) 

• Reduction of higher tax concession for contributions of very high income earners
• Reduction in Federal Government co-contribution
• Government contribution for low income earners confirmed
• Introduction of BPAY option
• More flexibility for members with additional voluntary insurance cover
• Interim credited interest rates determined weekly (previously monthly)

July (Divisions 9 and 14)

• Pension draw down relief continues in 2012/2013