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A Significant Event Notice (SEN) will be issued to members affected by one or more changes that may impact their super in the APSS. You may receive a SEN even if it's not immediately relevant to you, but ultimately represents a change to your Product Disclosure Statement. You should receive your SEN either as an email or as a letter to your postal address. Below are summaries of SENs issued since February 2012.


SENs 2020

20/10/2020

Notice of Annual Members’ Meeting - To be held on 26 November 2020

All APSS members were sent a notice today (20 October 2020) inviting them to the first APSS Annual Members’ Meeting to be held on Thursday 26 November 2020 commencing at 5.30pm (AEDT). The notice includes the agenda for the meeting and other details about the event. Download the Notice of MeetingOpens in new window here.

10 September 2020

Notification of investment changes
(relevant to Employee Members with an 'Other Offset Account' only)

In November 2019, as part of its overall strategy to reduce the risk of assets it invests in the Defined Benefit portfolio, the Trustee made two minor adjustments to the portfolio’s ‘Strategic Asset Allocation’ (SAA) by slightly reducing the longer-term allocation to public market shares and increasing the allocation slightly to bonds. This portfolio is invested and used to fund the payment of the APSS Defined Benefit to employee members when they leave employment or retire. However, the investment return of this portfolio has no financial impact on most Defined Benefit members. This is because the value of an APSS Defined Benefit is determined by a formula, and is not impacted by the investment returns of this portfolio.  The only exception is where an employee member has an 'Other Offset Account' as explained in the SEN sent to relevant members in September 2020. Read the full SENOpens in new window

1 May 2020

COVID-19 and other important updates

This SEN covers the following important changes:
1. COVID-19: Early release of super
2. COVID-19: Temporary reduction in the minimum Pension drawdown (Pension members only)
3. New way to make a binding beneficiary nomination (i.e. a ‘non-lapsing binding nomination’)
4. Investment changes (relevant to employee members who have an ‘other Offset account’ only).
Read moreOpens in new window


SENs 2019

20 November 2019

New law to impact APSS insurance cover from 1 April 2020 for certain Spouse and Rollover accounts

A new law has been passed, which is relevant to APSS members who are eligible for insurance cover through either a Spouse or Rollover account. But it’s only relevant to you if your account balance is less than $6,000. It’s also relevant to members under 25 years of age who first open their account on or after 1 April 2020. The new law – the Treasury Laws Amendment (Putting Members’ Interests First) Bill 2019 (PMIF) – was passed on 19 September 2019. It’s designed to protect small account balances from being inappropriately eroded by insurance premiums for Death, Total and Permanent Disablement (TPD) and Terminal Illness cover provided to members through their superannuation accounts. PMIF generally requires the cancellation of insurance cover from 1 April 2020, where the balance of an APSS Spouse or Rollover account at that date is less than $6,000; and the member has not positively elected to maintain his or her insurance, despite their account balance. If you are a current Spouse or Rollover member in these circumstances, your insurance cover will be cancelled from 1 April 2020 unless you notify us that you wish to maintain your insurance cover, despite your account balance. More information regarding the new laws and insurance in superannuation more generally, is also available on ASIC’s MoneySmartOpens in new window website.      Read moreOpens in new window

7 October 2019

Important notices for Employee members

We have collated several important changes within the APSS during 2019 in this one handy summaryOpens in new window for Employee members. The relevant changes include details of how we’ve made it easier to hold on to your APSS membership when you leave employment, investment changes to the Defined Benefit portfolio, and changing the way we communicate with you. Note that these SENs were emailed or posted to you in early October. If you didn’t get the email, it’s because we don’t have an up-to-date record of your email address on file. To update us, just  loginOpens in new window  to your APSS account select Member / Personal details from the main menu, or you can confirm your current email address by sending us an email to  sr@apss.com.au  or calling 1300 360 373.    Read moreOpens in new window

7 October 2019

Important notices for Pension members

This is an important updateOpens in new window for all APSS Pension members on:

• More choice in how often you get paid

• Fee cap on account balances under $6,000

• Fee cap on account balances of $750,000 or more

• Changing the way we communicate with you.

Note that these SENs were emailed or posted to you in early October. If you didn’t get the email, it’s because we don’t have an up-to-date record of your email address on file. To update us, just  loginOpens in new window to your APSS account select Member / Personal details from the main menu, or you can confirm your current email address by sending us an email to sr@apss.com.au or calling 1300 360 373.     Read moreOpens in new window

13 September 2019

Important notices for Spouse and Rollover members

This year has been a particularly busy period in superannuation. We’re committed to keeping you up to date and, to make things easier for you, we have collated several important changes to your super in one handy SEN summary. These important changes include details of insurance premium increases for Spouse and Rollover members from 1 November 2019. There's also a summary of key changes driven by the Government’s ‘Protecting Your Super’ package (PYSP), which you may have read about on pages 4-5 of the March 2019 quarter's edition of InsightOpens in new window and/or, if relevant to you, the SEN letter issued in April this year as described below.

Use the relevant link to read more on these and other important updates, as at September 2019:

Note that these SENs were emailed or posted to you before the end of September. If you didn’t get the email, it’s because we don’t have an up-to-date record of your email address on file. To update us, just  loginOpens in new window  to your APSS account select Member / Personal details from the main menu, or you can confirm your current email address by sending us an email to  sr@apss.com.au  or calling 1300 360 373.

29 April 2019

New laws may impact your insurance cover and/or APSS membership

Under the Government’s ‘Protecting Your Super’ package, many Spouse and Rollover members could automatically lose their insurance cover from as early as 1 July 2019 if they have an account that is classified to be 'inactive' and don't do anything about it. Also, certain members with an account balance of less than $6,000 might lose their APSS membership from as early as 31 October 2019 under these new rules. During April 2019, we wrote to members who may be affected by this, and we will alert those who may be at risk in future. See pages 4-5 of the March 2019 quarter's edition of InsightOpens in new window for more details on these important developments. Please contact usOpens in new window if you think you may be affected but did not receive, or misplaced, the SEN letter we sent out in April 2019. 


SENs 2018

14 December 2018

Introducing real assets

In mid December 2018, members were notified of a change to the Strategic Asset Allocations (SAAs) of the Conservative, Balanced and High Growth investment options, and the portfolio in which APSS defined benefit assets are invested. The new SAAs include investments in  real assetsOpens in new window  (i.e. investments in property and infrastructure such as office buildings, shopping centres, roads, ports). Implementation involves a phased approach that will gradually build up the  actual allocationsOpens in new window  to real assets to the strategic targets explained in the notification.  Read the letterOpens in new window    

16 February 2018

Introducing alternative credit

In February 2018, a new type of investment (called alternative credit) started to be added to the asset mix of three APSS investment options (Conservative, Balanced and High Growth), and the portfolio where defined benefit assets are invested. In mid-February, all APSS members were sent a letter to inform them about this. Aside from meeting the compliance requirement to issue this information as a SEN, the letter also served to reinforce messaging in the   December 2017 editionOpens in new window   of the member newsletter Insight, and Product Disclosure Statements (   PDSsOpens in new window   ) updated on 15 December 2017. This also ensured members who did not access those documents were at least made aware of this development.   Read the letterOpens in new window    


Older SENs

Significant Event Notice Members Issue date
More investment choice and other updates All members 21 April 2017
All members were mailed a SEN on 21 April 2017, primarily to announce the introduction on 1 July 2017 of a new range of four investment optionsOpens in new window for APSS Member Savings accounts, including Spouse, Rollover and Pension accounts. The SEN included some additional information on super tax changes in 2017Opens in new window that are to begin on 1 July 2017. These changes are particularly important for members using an APSS Pension to transition to retirement, those with high incomes and those with very large super balances (over $1.6 million). The SEN also informed non-employee Spouse, Rollover and Pension members about a new administration feeOpens in new window starting on 1 July 2017. This will be a fixed fee of $1.50 per week per account, plus 0.12% each year based on the balance of each non-employee member's APSS account (calculated and charged to each account monthly as at the last Friday of each month). Finally, the SEN informed Spouse and Rollover members under age 65 about the automatic insurance cover they may be eligible for in case of death, TPD or terminal illness from 26 June 2017. An enclosed fact sheetOpens in new window provided these Spouse and Rollover members with more details. To obtain a copy of the relevant SEN that applied to you, please contact usOpens in new window.
Coming to your super this year All members 7 - 13 March 2017

The first SENs of 2017 were mailed in early March to non-employee members who had an APSS Rollover Account or APSS Pension Account. These were primarily sent to Rollover members who are entirely (i.e. 100%) invested in the Market Return investment option; to alert them that they will be classified 'MySuper' members from 26 June 2017. These SENs also provided an opportunity to alert certain Rollover members that they might also be eligible for new insurance cover from 26 June, and all Rollover and Pension members about a new administration fee to apply to them from 1 July 2017. There were four versions of this SEN. To obtain a copy relevant to you, please contact usOpens in new window.

Important notice about APSS
investment strategy adjustmentsOpens in new window
Members with Member Savings (i.e. Spouse, Rollover, Pension members, and Employee Members saving their own money in the APSS.) 9 December 2016
Anti-detriment paymentsOpens in new window DB, Rollover and Spouse members 27 October 2016
Important changes to nominating your beneficiaries for Pension membersOpens in new window Pension members 1 April 2016
Important changes to nominating your beneficiaries for DB and Accumulation membersOpens in new window DB, Rollover and Spouse members 1 April 2016
Transfer of your super arrangementsOpens in new window AaE employee members with Defined Benefits only 13 October 2014
Transfer of your super arrangementsOpens in new window AaE employee members with Defined Benefits and Member Savings 13 October 2014
Transfer of your super arrangementsOpens in new window AaE employee members with an AAGSP account 13 October 2014
Transfer of your super arrangementsOpens in new window AaE PREP Account members 13 October 2014
Transfer of your super arrangementsOpens in new window AaE Spouse Account members 13 October 2014
Important changes affecting the Defined Benefits in the Australia Post Superannuation Scheme (APSS)Opens in new window For AaE (Qantas) employee members 7 May 2014
Important changes affecting the Defined Benefits in the Australia Post Superannuation Scheme (APSS)Opens in new window Australia Post and Decipha employee members 2 - 5 May 2014
Important changes affecting the Defined Benefits in the Australia Post Superannuation Scheme (APSS)Opens in new window Australia Post 'opt out' employee members 2 May 2014
Important changes affecting the Defined Benefits in the Australia Post Superannuation Scheme (APSS)Opens in new window For StarTrack employee members 2 May 2014
Important changes to APSS investmentsOpens in new window All members 3 July 2013
Important notice for AaE employees who have 'opted out' of the APSSOpens in new window AaE employees only 23 May 2013
News about your future super arrangementsOpens in new window AaE employees only 17 May 2013
Notice of changes to the APSS Trust Deed
(DOM 13)Opens in new window
All members 17 May 2013
Impact on your super regarding the transfer to AaE RetailOpens in new window AaE employees only 10 July 2012
Important notice to all APSS membersOpens in new window All members 27 February 2012
Important notice to APSS 'opt out' members Opens in new window 'Opt out' members only 27 February 2012