A couple of days ago, ASIC announced the possibility of super funds being able to send their annual report electronically - previously, they have been obligated to send a paper copy of the report to each and every member.

Obviously, this will mean fewer copies are printed (saving paper, energy and ink) and also reduced mailing impacts (envelopes or plastic covers.) It will also presumably save the super funds a lot of money - which theoretically means more money is avilabale to go to members instead of the funds/administrators, etc

If you prefer to get and read an annual report, you could of course print off the email/website yourself, or you can request one is mailed to you and the fund must comply with your request. But as we suspect most people don’t take much notice of these reports, this change of rules could be a very positive, grren reform for our super funds.

As you receive annual reports later this year, watch out for an electronic version or notification on how you can opt for a soft copy from now on.

Posted: June 24th, 2008 under general.
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