Superannuation Fraud Australia

The Australian Securities and Investments Commission (ASIC) is investigating the collapse of Australian Fiduciaries Ltd, along with its associated entities, amid serious concerns over the management of investor funds. ASIC has taken steps to appoint receivers to preserve assets and conduct a forensic review of the company’s financial activities. The inquiry also involves Apex Fund Services Ltd, the fund’s independent administrator, and the role it played in overseeing transactions. Central to the investigation is Director Lee Rushton, whose conduct and potential breaches of corporate and financial law are under scrutiny as regulators work to determine the extent of investor losses and any possible misconduct.

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Need Superannuation Information

If your monthly wage is more than $A500, your employer must contribute an additional sum equal to 12% of your wage into a superannuation (pension) account for you. If you entered Australia on an eligible temporary resident visa you can, in most cases, access your contributions when you leave Australia, although the contributions will be taxed.

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The Difference between Tranzfer and the banks

 

Heaps of great reasons to use Tranzfers rather than a bank for your next money transfer.

  1. Sick of the banks taking their slice of your cash?

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    How does £7 sound? Or AUD$15, CA$15, NZ$15 and SG$15? This is the fee we charge for money transfers from the UK, Australia, Canada, New Zealand and Singapore. Compare that to your bank, who will charge around £25 or AUD$35 for a similar transaction.

  3. What you see is what you get!

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