Funds management software provider, Supercorp Australia, has released new software designed to cope with legislative changes which came into effect in July.
Supercorp’s SuperVisor II, version 2.10 was released yesterday. Suncorp’s managing director Kurt Groeneveld, said the software was designed to reduce the pressure on super funds’ administration teams to cope with legislative changes. The new software release helps with the administration of member contribution splitting and gives single income families access to two eligible termination payment low rate thresholds and two reasonable benefit limits. It also provides support for the 2006 tax return. Supercorp provides administration software to industry funds, DIY funds administrators, boutiques and corporate funds managers.
The $355 billion AustralianSuper has acquired a $1.4 billion European industrial and logistics portfolio, owned by OMERS real estate subsidiary Oxford Properties. The nation’s biggest fund is targeting a $7.5 billion valuation for the venture and $35 billion allocation in European and UK region before 2030, supported by its biggest international office in London with 121 employees.
Darcy SongJanuary 14, 2025
