Various small APRA funds
Trust deed. NB: Trust deed includes governing rules and rules relating to the nomination, appointment and removal of trustees.
Product disclosure statement
Annual financial statement
Summaries of each significant event or material change notice made to members within the previous 2 years
|Notice date||Nature of event or change||Impact of the change|
|March 2019||Change of trustee on the AET small APRA fund from Australian Executor Trustees Limited (AET) to IOOF Investment Management Limited (IIML).||From 30 June 2019, IIML will become the trustee of your SAF. Note that the fees, terms and conditions and the administration and reporting services of the SAF will remain the same.|
Change to the Investment Governance Framework with the introduction of approved investment menus
AET introduced tighter controls relating to the type of investments permitted in our Small APRA Fund offering. Effective 1 July 2018 the following investment governance applies:
Information letter to AET SMSF and AET SAF to members in Transition to retirement
Information regarding the changes to taxation on transition to retirement pension accounts and what action members should undertake to ensure their pension account is in the best possible scenario for them (ie if full condition of release is met, convert TTR pension to Account Based Pension). The notice also contained information regarding Capital Gains Tax relief for those clients who voluntarily rolled back their excess balances. The notice was prepared with a variable for SMSF or SAF clients whereby a default position was taken on CGT relief for SAF's given AET's position as the Trustee.
|May 2017||Information letter to AET SMSF and AET SAF to complying pension members||Information regarding changes to pension accounts where a member will now be required to pay tax on balances greater than $1.6; "transfer balance cap". Details about what action needs to be taken, by what date and what happens if no action is taken if balances are greater than $1.6m. A variable was loaded to capture complying pension clients, TAPs and complying life expectancy and specific action AET was required to undertake with the ATO.|
|May 2017||Information letter to AET SMSF and AET SAF to account based pension members with fund balances greater than $1.5m||Information regarding changes to pension accounts where a member will now be required to pay tax on balances greater than $1.6; "transfer balance cap". Details about what action needs to be taken, by what date and what happens if no action is taken if balances are greater than $1.6m. The notice also contained information regarding Capital Gains Tax relief for those clients who voluntarily rolled back their excess balances. The notice was prepared with a variable for SMSF or SAF clients whereby a default position was taken on CGT relief for SAF's given AET's position as the Trustee.|
|January 2017||Kingston Super Trust SFT|
Commencing 27 February 2017, members were transferred from the Kingston Super Trust to Pursuit Select via a legal process known as a Successor Fund Transfer (SFT). All of the investment options held by members were transferred to Pursuit Select at no cost and without triggering any capital gains tax liability.
Steps were taken to ensure that the fees paid in Pursuit Select are equivalent, or near equivalent to those paid in KST.
Members received a letter from the Trustee of Pursuit Select, IOOF Investment Management Limited, with their new account information.
Members should contact their Financial Planner or call Client Services Team on 1800 254 180 to obtain further information.
|June 2016 quarterly statements for the period 1 April to 30 June 2016 – 14 July 2016|
AET small APRA fund
Printed statements will be sent to members’ nominated postal address on 18 July 2016.
AET self-managed super fund
Printed statements will only be sent to those clients who opted to receive printed quarterly statements. These will be sent to the nominated postal address on 15 July 2016.
Portfolio Management Service
Printed statements will be sent to Advisers on 15 July (for all clients that signed before 1 April 2012).
Outsourced service providers
|Name||Australian Business Number||Relevant RSE|
|IOOF Service Co Pty Ltd||99 074 572 919||Australian Executor Trustees Limited|
Director's record of attendance at board meetings
|Australian Executor Trustees Limited|
|2018 (as at 30 June 2018)||Meetings Held||Meetings Attended|
1 Appointed 29 August 2017