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.
29/08/2006
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Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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