Glossary

Crediting rate

The amount applied to your super account with CARE Super as a result of the returns earned on investments, less fees and taxes. Crediting rates can be negative or positive.

Custodian

An entity, usually a company, used by your super fund to hold assets on its behalf with the main benefit being administrative efficiency and closer monitoring of invested assets. It brings together the fund's investment portfolios, collects income, reports on asset values, provides registered addresses of offshore investments and, if the trustees of a plan are individuals, eliminates the necessity to transfer ownership of assets to a new individual each time there is a change in the trustee.

Death Cover

The amount of money paid out to dependents or other beneficiaries on the death of the person covered.

Default fund (also known as an employer fund)

The fund into which an employer will pay an employee's SG contributions unless the employee nominates another fund.

Default Option

Where a superannuation fund offers member investment choice, the default option is the option in which member's contribution and accrued balance are invested if the member does not actually elect a specific option.

Defensive assets

A general term for assets such as Fixed Interest and Cash where the return is comprised entirely or predominantly of interest
income or yield, rather than capital growth. These assets are considered to be less risky than 'growth assets', as the relatively high level of interest income or yield means that valuations are less volatile.

Dependant

A person who is eligible to receive part or all of the balance of a member's superannuation account, as well as any insurance benefits when the member dies. An eligible person is a member's spouse, any child of the member and any person with whom the member has an interdependency relationship. (See interdependency relationship.)

Developed markets

Developed markets are countries that have modern and sophisticated economic and political systems; for example, the USA, Japan, Australia and the countries of Western Europe.

Development capital

Development capital refers to investments in small and medium-sized companies, which are usually are not listed on the Stock Exchange.

Direct capital

Direct capital refers to long-term direct investments in companies and specific projects. Such investments include infrastructure (e.g. roads and airports) and property developments (e.g. hotels and ski resorts).

search left off
1
2
3
4
5
6
7
8
9
search right on

Online access

Information

Try our insurance calculator to see if you are underinsured


AAA Rating 10 Heron Partnership - 6 Star top rated fund 09/10 Chant West - 5 Apples 09/10 Super Ratings 2009/10 Super Ratings - Platinum savings 2009/10
Industry Super Funds

© CareSuper 2010 Our links Sitemap Privacy policy Disclaimer

This website contains general advice, not taking into account your objectives, financial situation or needs. Before acting on this advice you should determine if it is appropriate for you. Before acquiring a product, first read its Product Disclosure Statement. Some products and services offered on this website are provided by third parties. The Trustee is not responsible for the products or services, views or actions of these third parties. Terms and conditions may apply which should be obtained from the third parties direct. The Trustee does not accept liability if loss or damage is incurred from the acquisition of third party products or services.
CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226 CARE Super ABN (Fund) 98 172 275 725