AustralianSuper defines the cost of PYS : vimarsana.com

AustralianSuper defines the cost of PYS


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The Government’s Protecting Your Super legislation appears to have come at a significant cost to some superannuation funds, with AustralianSuper estimating it at over $3.6 million. 
AustralianSuper controversially introduced a levy to cover those costs and, answering questions on notice from the House of Representatives Standing Committee on Economics, the fund said those extra costs had totalled $3,674,932 on a cost-recovery basis alone. 
What is more, the largest portion of those additional costs came in the form of administration. 
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