[PDF] Super Scoop 2001 - QSuper - Queensland Government

FINANCIAL HIGHLIGHTS
AND SUMMARY
QSuper member funds
as at 1 July 2000
$8,973,605,000
Total inflows
$1,414,080,000
Changes in net market $530,007,000
value of Investments
Employer contributions $205,301,000
Member contributions $507,358,000
Transfers in $168,916,000
Other income $2,498,000
FUND ACCOUNTS
This summary of the Fund’s financial position was prepared before the audit of the
accounts, using information available at the time of publication. The audited financial
statements and auditor’s report will be available from QSuper
on request in November 2001.
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QSuper 2001 Annual report to members
Total outflows
$868,044,000
Benefits paid $829,199,000
Administration expenses $38,127,000
Income tax expense ($926,000)
Other expenses $1,644,000
QSuper member funds as at 30 June 2001 $8,872,406,000
QSuper employer funds as at 30 June 2001 $647,235,000
Net assets available to pay benefits at 30 June 2001 $9,519,641,000
TOTAL ASSETS $9,541,493,000
Investments $9,531,544,000
Other assets $9,949,000
*Note: This amount represents defined benefit advance employer funding.
TOTAL LIABILITIES $21,852,000
Provision for fund tax ($23,688,000)
Provision for deferred
income tax $41,488,000
Other liabilities $4,052,000
During the year, the Superannuation (State Public Sector) Act was changed to provide
for the indemnification of the Board of Trustees. This amendment protects
the Board, from civil liability arising from their conduct such as
a breach of duty, in a manner consistent with Commonwealth super laws
and with other State legislation.
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*
TRUSTEES
meeting attendances
MEMBER REPRESENTATIVES:
(Nominated by Combined Public Sector Unions’
Superannuation Committee)
Merv Vining 12
Australian Workers’ Union
Bill Ludwig (Deputy)
Steve Ryan 12
Queensland Teachers’ Union
Jeff Backen (Deputy)
Gary Wilkinson 11
Queensland Police Union of Employers
Merv Bainbridge (Deputy)
Karen Peut 9
Queensland Public Sector Union
Alex Scott (Deputy)
Chris Barrett * 3
Queensland Council of Unions
Grace Grace (Deputy)
John Thompson # 2
Queensland Council of Unions
Grace Grace (Deputy)
*Appointed 11 April 2001.
#
Served until 28 September 2000.
EMPLOYER REPRESENTATIVES:
(Nominated by the Queensland Government)
Gerard Bradley 12
Under Treasurer and Chairman of the Board
Tim Spencer (Deputy)
Bob Scheuber 8
Queensland Rail
Michael Goode (Deputy)
Mary Montgomery 11
Queensland Health
Terri Hamilton 12
Medical & Associate Professions Funds Management
Rosemary Vilgan (Deputy)
Helen Ringrose
11
Department of Corrections
Cathi Taylor (Deputy)
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SUPERSCOOP 3
QSuper
GPO Box 200 Brisbane Q 4001
Phone: 1300 360 750 Fax: 3237 1118
Email: qsuper@qsuper.qld.gov