RG 229 Superannuation forecasts

Issued 13 November 2014

This is a guide for super fund trustees and their advisers. It explains the relief we have given to trustees to provide their members with superannuation forecasts, both in the form of a statement (referred to in this guide as a ‘retirement estimate’) or as a calculator.

To fall within our relief, a retirement estimate must:

  • include certain mandatory content;
  • be calculated taking into account all of the required variables, and using the default assumptions; and
  • be given at the same time as the periodic statement and be included in, or accompany, the statement.

This guide also explains how our general relief for providers of financial calculators applies to superannuation calculators.

Extension of relief

On 28 March 2022, ASIC extended the relief for super fund trustees who provide retirement estimates. Relief from the licensing, conduct and disclosure requirements in the Corporations Act 2001, relating to financial product advice, was extended until 31 December 2022: see ASIC Corporations (Repeal and Transitional – Relief for Providers of Retirement Estimates) Instrument 2022/204.

Download RG 229 (PDF 228 KB)

 

Last updated: 13/11/2014 12:00