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Superannuation
14 July 2025 by Maja Garaca Djurdjevic

Australia’s productivity future hinges on super, ASFA warns

Australia’s superannuation system is doing more than funding retirements – it’s quietly fuelling the nation’s productivity, lifting GDP, and adding ...
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Fund managers’ Europe bet shaken by Trump’s fresh tariff threat

Fund managers who had been pinning their hopes on Europe as a relative safe haven from trade tensions are facing fresh ...

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T. Rowe Price raises risk profile amid global growth support

T. Rowe Price has modestly increased its risk appetite, upgrading its overall risk profile towards neutral as it seeks ...

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Betashares targets top spot with managed accounts merger

Betashares will merge its managed accounts business with Sydney-based InvestSense to create Trellia Wealth Partners, an ...

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Unpredictable markets spur ‘significant shift’ to active management: Invesco

Index concentration risk along with macro and political volatility has prompted many sovereign wealth funds to turn to ...

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Is political pressure driving major banks to abandon net zero coalitions?

HSBC has withdrawn from the UN-convened Net-Zero Banking Alliance (NZBA), making it the first UK bank to formally exit ...

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BUSSQ targets super compliance

  •  
By Alice Uribe
  •  
2 minute read

BUSSQ has strengthened its compliance program so members receive entitlements.

Building and construction industry superannuation fund BUSSQ is boosting its compliance capacity with its latest appointment.

Damien Simonfi, who has more than 10 years' experience in debt recovery, tactical planning and process improvements, has been appointed as a contribution arrears manager.

Together with BUSSQ arrears control officer Diana Sales, Simonfi will work to reduce non-payment or late payment of members' super. He will work with unions, contractors and employers to reinforce the BUSSQ arrears and collections processes.

"It's vital that members receive the super they're entitled to and Damien will help strengthen the compliance program we already have in place," BUSSQ said in a statement.

 
 

The Queensland-based fund recently appointed David Southwood as an in-house financial advice manager to ensure its members' needs are met by its outsourced financial advice partner, Money Solutions.