Learning centre - BUSSQ

Learning centre

Find answers to your questions and get the latest updates from BUSSQ.


4 May 2017 Pension Market Update 31 March 2017
So far this financial year market returns have been strong in all sectors except fixed interest.
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4 May 2017 Market Update 31 March 2017
So far this financial year market returns have been strong in all sectors except fixed interest.
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10 Apr 2017 BUSSQ recovers four years of unpaid super contributions
The BUSSQ Arrears department is passionate about ensuring our members receive their entitlements. We work with employers, unions and contractors to detect and deter non-compliance within the industry.
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5 Apr 2017 Federal Budget 2017/2018
The 2017 Federal Budget included some significant changes to superannuation, some of which are outlined below. It is important to remember that all changes are proposed, unless stated otherwise.
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24 Mar 2017 Federal Budget 2017/2018
The 2017 Federal Budget included some significant changes to superannuation, some of which are outlined below. It is important to remember that all changes are proposed, unless stated otherwise.
More
20 Mar 2017 Federal Budget 2017/2018
The 2017 Federal Budget included some significant changes to superannuation, some of which are outlined below. It is important to remember that all changes are proposed, unless stated otherwise.
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Single Touch Payroll
19 Mar 2017 Have you heard of Single Touch Payroll?
Single Touch Payroll (STP) is a new reporting process the Australian Taxation Office (ATO) is introducing for employers with 20 or more employees.
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7 Feb 2017 BUSSQ recovered 12 months of unpaid super contributions for our member
BUSSQ is passionate about our members receiving their entitlements. We work diligently with our stakeholders to detect and deter non-compliance within the industry.
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6 Feb 2017 Legislation changes coming 1 July 2017
The government has made some changes to super legislation that will come into effect on 1 July 2017.
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3 Feb 2017 Changes to legislation coming soon
The Government has made some changes to super legislation that will come into effect on 1 July 2017. If you think any of the below changes may affect you or your business, we can help.
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18 Jan 2017 Changes to BUSSQ Insurance Cover from 1 March 2017
We have recently advised our members of upcoming changes to our insurance cover.
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12 Aug 2016 Federal Budget 2016
There’s been a lot of debate around the superannuation changes that were proposed in this year’s Federal Budget in May. Currently we’re still not sure what’s definitely going to happen with most of th ...
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8 Aug 2016 See how you can roll and save
Wayne is 50 years old and works in construction. He recently saw the BUSSQ Bus onsite, where he asked a BUSSQ member representative to do a lost super search for him.
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8 Aug 2016 BUSSQ makes it easy for you to roll and save
Darren is 50 years old and has a BUSSQ account that his current employer pays his super into.
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2 Aug 2016 How can economic uncertainty affect my pension?
The last couple of months have seen some uncertainty on global share markets due to the fallout from Brexit, and other significant global events.
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2 Aug 2016 Pension Market Update 30 June 2016
The year ended 30 June 2016 was a very difficult year for investment markets but BUSSQ did extremely well achieving a return of 7.48% for the Balanced Growth pension option compared to the average pen ...
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2 Aug 2016 Market Update 30 June 2016
The year ended 30 June 2016 was a very difficult year for investment markets but BUSSQ did extremely well achieving a return of 7% for the Balanced Growth option compared to the average super fund per ...
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23 Jun 2016 Late payment of super
As an employer, it is important that you fulfil your legal responsibilities regarding your employees superannuation.
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23 Jun 2016 Apprentice and trainee super obligations
Apprentices and trainees are considered employees for super purposes. This means that if your business engages an apprentice or trainee, you will need to treat them as an employee and meet the require ...
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13 May 2016 Help BUSSQ raise money for our mates
Register now for the BUSSQ Charity Golf Day and help raise money for a great cause.
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3 May 2016 Pension Market Update 30 April 2016
For the first 10 months of the financial year to 30 April 2016, the BUSSQ Balanced Growth option has returned a very respectable 5.14% in very difficult investment conditions.
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3 May 2016 Market Update 30 April 2016
For the first 10 months of the financial year to 30 April 2016, the BUSSQ Balanced Growth option has returned a very respectable 4.67% in very difficult investment conditions.
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1 May 2016 2016-2017 Federal Budget update
There’s been a lot of debate around the superannuation changes that were proposed in this year’s Federal Budget in May. Currently we’re still not sure what’s definitely going to happen with most of t ...
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22 Apr 2016 BUSSQ recovers over $100,000 in unpaid super for members
The BUSSQ Arrears team work alongside employers, unions, and contractors to encourage employers to stay up-to-date with their superannuation obligations.
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21 Apr 2016 Reporting super contributions on PAYG statements
Employers need to report on certain superannuation payments if they make them on behalf of employees.
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21 Apr 2016 Claiming a tax deduction
Did you know that employers can claim a tax deduction for superannuation payments they make for employees, in the financial year they make them?
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18 Mar 2016 Eight months of unpaid super recovered for BUSSQ member
The BUSSQ Arrears team are passionate about members receiving their entitlements.
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8 Mar 2016 Limits on super contributions
There are two types of contributions that can be paid into superannuation accounts. These are concessional and non-concessional contributions.
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8 Mar 2016 BUSSQ offers flexible insurance for members
Did you know that your employees who join BUSSQ get automatic Death & Total and Permanent Disablement cover?
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8 Mar 2016 Separating SuperStream fact from fiction
There is a lot of ambiguous and misleading information circulating in relation to SuperStream.
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11 Feb 2016 Have a Pension Health Check this year
You might think that once your BUSSQ Pension is in place, you don't need to check up on it, but it's a good idea to have a Pension Health Check from time to time. And there's no better time than the ...
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11 Feb 2016 Get your super sorted in 2 simple steps
Now's the time to get your super sorted!
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25 Jan 2016 Come along to a free retirement planning session this year
BUSSQ Retirement Planning sessions are offered for members and their guests at various locations throughout Queensland at no cost.
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22 Jan 2016 Australia's top performing super fund
We are proud to announce that BUSSQ is number 1 in the SuperRatings independent fund survey for the year ended 30 September 2016 with a return of 10.88% in the Balanced Growth super option.
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21 Jan 2016 BUSSQ recovered eight months’ worth of unpaid super contributions for members
The BUSSQ Arrears Department are passionate about our members receiving their entitlements. We diligently work alongside Employers, Unions and Contractors to detect and deter non-compliance within the ...
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14 Jan 2016 Pension Market Update 31 December 2015
For the first six months of the financial year to 31 December 2015, the BUSSQ Balanced Growth option has returned a very respectable 3.6% in very difficult investment conditions.
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14 Jan 2016 Market Update 31 December 2015
For the first six months of the financial year to 31 December 2015, the BUSSQ Balanced Growth option has returned a very respectable 3.7% in very difficult investment conditions.
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9 Nov 2015 Get to know where your BUSSQ Super is invested
Did you know as a BUSSQ member some of your super is invested in a wide range of infrastructure and property throughout Queensland, Australia and the world.
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19 Oct 2015 BUSSQ recovers eight months in unpaid super contributions for a member
The BUSSQ Arrears Department are passionate about our members receiving their entitlements.
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17 Sep 2015 Is your Enterprise Bargaining Agreement (EBA) up for renewal?
Are you in the process of renegotiating or renewing your EBA? The terms of an EBA can change.
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17 Sep 2015 Different contribution types
As an employer there are various types of contributions that you should be aware of such as salary sacrifice contributions and member voluntary (after tax) contributions.
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12 Aug 2015 See how rolling your super into BUSSQ could save you a massive chunk of money
If you saw someone flush a few thousand dollars cash down the toilet, you'd think they had a few screws loose.
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10 Aug 2015 Investment Update
This year we’ve continued to take a more cautious approach to investments in order to protect your retirement.
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10 Aug 2015 Get to know where your BUSSQ Pension is invested
Did you know as a BUSSQ member some of your pension is invested in a wide range of infrastructure and property throughout Queensland, Australia and the world.
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10 Aug 2015 BUSSQ celebrates 30 years strong
BUSSQ is celebrating 30 years of helping secure financial futures this year and member Malcolm Rule has been along for the entire ride.
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4 Aug 2015 2 Simple Steps to keep track of your Pension
Taking a couple of simple steps is a good way to ensure you keep track of your Pension
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4 Aug 2015 Changes to Centrelink Age Pension Measures Coming Soon!
Don't forget the Government’s budget measures to reduce the threshold at which the part pension cuts out begin on 1 January 2017.
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4 Aug 2015 Rollover your super
John is 32 years old and works in the construction industry. Recently his workplace had a visit from the BUSSQ Bus, where he asked a BUSSQ member representative to do a lost super search for him.
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4 Aug 2015 2 Simple Steps to keep track of your Super
We know that super can sometimes be complicated. Even if you only take one of these simple steps, you could be one step closer to getting on top of your super.
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23 Jul 2015 BUSSQ is back in Queensland EBA's
Did you know that BUSSQ is a nominated and endorsed super fund in Queensland EBA’s?
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1 Jun 2015 BUSSQ recovers 6 months of unpaid super contributions for our member
At BUSSQ we are passionate about our members receiving their superannuation entitlements.
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25 Mar 2015 We work with unions to help members get the super they're entitled to
The BUSSQ Arrears Department and the unions are passionate about our members receiving their entitlements.
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25 Mar 2015 We chase members unpaid super so they get what they deserve
The BUSSQ Arrears Department and the Plumber’s Union are passionate about our members receiving their entitlements.
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19 Mar 2015 Remember to provide us with your new employees email address
When registering a new employee in EmployerAccess it’s important you provide us with their email address.
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5 Mar 2015 Paper contributions are a thing of the past
As of 1 March 2015, BUSSQ no longer provides employers with paper contribution returns.
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18 Feb 2015 If you're aged 60+ and you don't have a pension account, you could be earning more interest on your super!
All you need to do is start a BUSSQ Pension. It's that easy!
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18 Feb 2015 Don't waste money using a lawyer for TPD claims. We can help you for free!
Did you know that using a law firm to make a TPD claim through your super fund can cost you thousands of dollars?
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17 Feb 2015 Refer a friend
If you're happy with your BUSSQ Pension and the service we provide you, we'd like to encourage you to tell your friends to consider BUSSQ.
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17 Feb 2015 Make it your new year's resolution to have a Pension Health Check
What's on your to do list for 2015? Going to the doctors for your annual check up?
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4 Dec 2014 When will I get my statement?
As a member of BUSSQ you will receive a Member Statement showing your account details as at 30 June each year including any transactions that have taken place during the year, ie. investment earnings ...
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4 Dec 2014 Protect yourself against scams
Australians lose almost $1 billion to scams and fraud each year, with over 800,000 people falling victim in some way.
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4 Dec 2014 Changes to the age pension income test
Centrelink uses deeming rules when assessing eligibility for the Centrelink age pension under the income test. This means that assets such as cash in the bank, shares and managed funds (including supe ...
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4 Dec 2014 Now is the time to have a pension health check
It's important to make sure that your pension is working hard for you, so it's a great idea to have a Pension Health Check from time to time.
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4 Dec 2014 Make sure we have your most up to date details
It's important you keep your details up to date.
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3 Dec 2014 How does Total and Temporary Disablement (TTD) work?
Total and Temporary Disablement cover is part of default TPD cover for BUSSQ MySuper members who have at least four units of TPD cover. It provides a payment of $350 a week for a maximum of twelve (12 ...
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2 Dec 2014 Can I split my contribution with my spouse?
BUSSQ allows you to split certain superannuation contributions made to your account on or after 1 January 2006 to your spouses account.
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2 Dec 2014 Get ready for SuperStream
Are you confused with all the information you are receiving about SuperStream legislation? BUSSQ can help!
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2 Dec 2014 SuperStream requirements for SMSF's
Your SuperStream requirements for SMSF's
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2 Dec 2014 Choice of superannuation form
The ATO has released a new version of the Superannuation Standard Choice Form.
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2 Dec 2014 New Superannuation Guarantee table
In September 2014, the Government ‘froze’ the superannuation guarantee rate at 9.5% for seven years.
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2 Dec 2014 Workplace visits
We're here to help you.
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2 Dec 2014 BUSSQ takes privacy seriously
You may have heard about the allegations that have been made against CBUS recently about sharing members’ personal information and breaching privacy laws.
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2 Dec 2014 Roll and save today!
Dean is 32 years old. After doing a lost super search with BUSSQ, Dean was advised that along with his BUSSQ account, he has 5 other super accounts - two retail funds and three industry funds.
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2 Dec 2014 BUSSQ recovers 6 months of unpaid super contributions
At BUSSQ we are passionate about our members receiving their superannuation entitlements.
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2 Dec 2014 What is SuperStream?
Superstream is a package of reforms the Government has introduced to improve the processing of everyday superannuation transactions.
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1 Dec 2014 Will someone visit me on site?
Member representatives frequently visit sites and work places to bring you up to date on the benefits provided by BUSSQ.
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28 Nov 2014 How long will it take for my TPD claim to be paid?
Assessing your TPD claim has no set time limit.
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27 Nov 2014 How are investment earnings applied to my account?
When you invest in BUSSQ, you buy a number of units in the investment option(s) of your choice.
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21 Nov 2014 Why do I have to wait 6 months before I can put in a TPD claim?
In the initial 6 months of an illness/injury, you will be undergoing treatment for your condition and may not have a final diagnosis.
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21 Nov 2014 Why do I need to complete forms for my TPD claim?
We many require some forms to understand why you are unable to work, what treatment you have or will undertake, your work history and qualifications, if you are too unwell to speak with OnePath over t ...
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20 Nov 2014 If my cover lapses, can I recommence cover?
How this works depends on what BUSSQ product you are a member of.
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20 Nov 2014 When will cover cease?
Death & TPD cover ceases on the earliest of the following:
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20 Nov 2014  Why is a benefit reduced or refused to be paid?
The insurer may reduce or refuse to pay a benefit in the following circumstances:
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20 Nov 2014  What is not covered?
Refer to the Insurance Handbook.
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20 Nov 2014  Is there a partial disablement benefit payable on Income Protection?
You will be paid a proportion of the monthly benefit when you are partially disabled at the expiry of the waiting period (30 to 60 days as selected by you when you apply for cover).
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20 Nov 2014 If I am self-employed how do I work out my salary for insurance purposes?
Salary means the total monthly value of salary received by you from your occupation, averaged over the most recent 12 month period prior to the commencement of the waiting period.
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20 Nov 2014  What happens if I or my dependents need to make a claim?
Before making a claim please check that:
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20 Nov 2014 How do I know if I am a white collar, light blue or heavy blue for insurance?
The premium you pay for your insurance depends on whether you are classified as being a ‘white collar’, ‘light blue collar’ or a ‘heavy blue collar’ worker, the amount of cover you choose, your age an ...
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20 Nov 2014 What exclusions will apply to my insurance?
The exclusions that apply are dependent on the type of cover you have.
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20 Nov 2014 How do I nominate a beneficiary for my insurance benefit?
If you die while you are a member of BUSSQ, the Death Benefit may provide valuable financial assistance to your dependents.
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20 Nov 2014 What cover will I have during overseas employment?
If you are an Australian resident who is residing overseas you are, in most cases, still covered by your BUSSQ insurance.
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20 Nov 2014 Will my cover recommence if I get re-employed?
If your default insurance cover has ceased, you will be provided with the default level of Death and TPD cover, or a lesser amount if agreed previously, provided that you are "at work" and upon receip ...
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20 Nov 2014 What happens if I become self-employed or work for a non BUSSQ employer?
Your death and disablement premiums will continue to be deducted from your account. However you will be required to supply evidence of employment at the time of any disablement claim.
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20 Nov 2014 When does my cover cease?
Cover ceases for each benefit when one or more of the following happens.
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20 Nov 2014 Does BUSSQ offer Binding Death Benefit Nominations?
Yes. Binding Death Benefit Nominations means that you can request BUSSQ, in the event of your death, to be bound by the nomination you make on your form when they are paying out your death benefit.
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20 Nov 2014 What happens to my pension account if I die?
You have two options as to how your BUSSQ pension will be paid if you die before your account balance runs out:
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20 Nov 2014 What happens when I make withdrawals from my account?
When payments are made from your pension, you are really withdrawing a number of units.
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20 Nov 2014 How is the unit price determined?
The unit price is determined by taking into account the overall change in value of investments within the relevant investment option and deducting the investment management charges and tax (where appl ...
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