tag:blogger.com,1999:blog-4314112685994399920.post6399892497007701701..comments2024-03-28T07:44:28.089+11:00Comments on Tasfintalk: Tassie's unfunded superannuation liabilitytasfintalkhttp://www.blogger.com/profile/04012719835733649162noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-4314112685994399920.post-61863946144596389182018-01-19T19:51:56.756+11:002018-01-19T19:51:56.756+11:00Excellent article.. Thank you so much!
Financial ...Excellent article.. Thank you so much!<br /><br /><a href="http://www.consortiumpw.com.au/" rel="nofollow">Financial Adviser Horsham</a><br />Anonymoushttps://www.blogger.com/profile/10950016858597422362noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-43799023756045580712017-08-31T23:28:07.097+10:002017-08-31T23:28:07.097+10:00I am very much impressed with the content with int...I am very much impressed with the content with interesting statistics shared in this post. <br /><br /><a href="http://www.airports247.co.uk/" rel="nofollow">Choose City airport 247 pickups London</a>George Harisonhttps://www.blogger.com/profile/09693524892587110259noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-4692623008306652972016-03-28T20:34:20.829+11:002016-03-28T20:34:20.829+11:00Thanks for sharing in detail. Your blog is an insp...Thanks for sharing in detail. Your blog is an inspiration! Apart of really useful tips, it's just really ! This post will be effectively Just about everything looks good displayed. <a href="http://orexbookkeeping.com.au/cash-flow-management.html" rel="nofollow">Cash flow management</a> provided by Orex Bookkeeping call Sydney 02 8035 3410. At OREX bookkeeping our balance sheet template, cash flow statement, income statement template, and budgeting worksheets help with all your small business accounting needs.Anonymoushttps://www.blogger.com/profile/05498965205237784792noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-82265750525434645282015-08-03T11:49:31.785+10:002015-08-03T11:49:31.785+10:00Stage 2 of the report is now available.
http://ww...Stage 2 of the report is now available.<br /><br />http://www.treasury.tas.gov.au/domino/dtf/dtf.nsf/v-gbe/175CC770C9FAF698CA257C12007E4F53Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-62029054619368569212014-09-09T09:16:06.275+10:002014-09-09T09:16:06.275+10:00By the way, membership approval is not required wh...By the way, membership approval is not required when it is a successor fund transfer, the only thing required will be a change in legislation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-8321273353351857852014-09-09T09:14:33.462+10:002014-09-09T09:14:33.462+10:00Totally agree on the Hobart Airport issue. I know ...Totally agree on the Hobart Airport issue. I know that they paid more than twice what any other fund was prepared to pay. Still can't believe more wasn't made of that shonky deal publicly. The government used their employees retirement monies to purchase an asset from themselves at a grossly inflated valuation. Macquarie didn't care, because they profited from the deal from a fee perspective, the asset value itself was not important.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-41507138711216532222014-09-02T20:19:49.503+10:002014-09-02T20:19:49.503+10:00I think RBFs accumulation fund (the defined contri...I think RBFs accumulation fund (the defined contributions fund) will transfer to a public offer fund and the funds you mention are the most likely. I doubt it will go to a retail fund, nor will there be any consideration for the transfer/sale.<br /><br />I reckon Member’s approval will be required, the Trustees can’t simply transfer Member’s accounts to other funds when Members have signed up in the way they have.<br /><br />There’s no way the defined benefits fund will be transferred anywhere. One can’t transfer an unfunded benefit.<br /><br />Hence it is likely the government, or RBF to be more specific, will retain the funded portion of the defined benefits scheme, or about $1.5 billion.<br /><br />Among the assets retained will almost certainly be RBF’s interest in the Hobart Airport.<br /><br />Three reasons for this.<br /><br />First it would be hard to get e receiving fund to agree that the airport is worth anywhere near what RBF reckons it’s worth .<br /><br />Second given the small size of the merged fund the airport would represent too large an asset.<br /><br />Third given the asset is an interest in a closed fund with a wind up date in four years time, it is most likely the owner at the time will end up crystallising a large loss, or being the unwilling acquirer of an extra share.<br /> <br />tasfintalkhttps://www.blogger.com/profile/04012719835733649162noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-77756740096946417682014-08-12T14:59:37.637+10:002014-08-12T14:59:37.637+10:00Hi John
I always find your assessment of the RBF i...Hi John<br />I always find your assessment of the RBF interesting. What do you think of the recent announcement by the Treasurer that he has asked RBF, Tasplan and Quadrant to prepare a proposal on a single superannuation entity for Tasmania....i.e. Quadrant and RBF rolling into Tasplan to create a $7bn+ fund?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-77748432428449600252014-03-20T14:45:48.006+11:002014-03-20T14:45:48.006+11:00At the end of the day the Governments and Treasury...At the end of the day the Governments and Treasury have been responsible, both for not funding the liability and for allowing the RBF to be mis-managed for so long.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-53423415680251386852014-03-18T15:21:55.741+11:002014-03-18T15:21:55.741+11:00So - who exactly is responsible?So - who exactly is responsible?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-79046166796736987672013-02-08T16:09:10.329+11:002013-02-08T16:09:10.329+11:00Absolutely fascinating...and frightening!Absolutely fascinating...and frightening!Anonymousnoreply@blogger.com