Learning centre - BUSSQ

Learning centre

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

4 Dec 2018 Income Account Market Update 31 October 2018
An update of the investment returns for the financial year to date.
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28 Nov 2018 Money Magazine Best of the Best 2019 winner
Centrelink Assist has been awarded Money Magazine Best Innovative Super Service
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20 Sep 2018 Australian Large Companies Shares closure
Following an extensive investment option review which included member surveys and feedback, BUSSQ has decided to close the Australian (Large Company) Shares Companies investment option.
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3 Sep 2018 Exclusive CoverCard offer
New company CoverCard has a special offer for BUSSQ employers.
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3 Sep 2018 Royal commission shines light on super
The latest round of the royal commission into financial services focused on superannuation.
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3 Sep 2018 First Home Super Saver Scheme to help more home buyers
Access to the First Home Super Saver Scheme has been extended to help people who have suffered financial hardship.
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14 Aug 2018 Risk vs Return
There’s no return without some kind of risk.
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13 Aug 2018 Selling your home soon?
You can now contribute the proceeds to your super
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13 Aug 2018 Risk vs Return
The higher the potential return, the higher the risk.
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13 Aug 2018 Super Fund Market Update 31 October 2018
An update of the investment returns for the financial year to date.
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13 Aug 2018 Pension Market Update 30 June 2018
An update of the investment returns for the 2017/18 financial year.
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13 Aug 2018 Super Fund Market Update 30 June 2018
An update of the investment returns for the 2017/18 financial year.
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13 Aug 2018 Strong returns for your future
When it comes to your super, it’s the long term returns that matter.
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20 Jul 2018 Single Touch Payroll FAQ
Your questions on Single Touch Payroll answered by ATO experts.
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29 May 2018 BUSSQ takes out Specialist Fund of the Year
We are proud to announce that BUSSQ has been awarded the Chant West Specialist Fund of the Year for providing personalised and specialised services to our members
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15 May 2018 BUSSQ recovers unpaid super for 21 members
The BUSSQ Arrears team works tirelessly to ensure our members receive the entitlements owed to them.
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14 May 2018 Federal Budget 2018/2019
The Federal Budget announcement on Tuesday 8 May included some proposed changes that may affect you. It is important to remember that all changes are proposed, unless stated otherwise.
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14 May 2018 Federal Budget 2018/2019
The Federal Budget announcement on Tuesday 8 May included some proposed changes that may affect you. It is important to remember that all changes are proposed, unless stated otherwise.
More
14 May 2018 Super Fund Market Update 31 March 2018
An update of investment returns for the financial year to date.
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14 May 2018 Pension Market Update 31 March 2018
An update of investment returns for the financial year to date.
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14 May 2018 Federal Budget 2018/2019
The Federal Budget announced on Tuesday 8 May included some proposed changes that may affect you. It is important to remember that all changes are proposed, unless stated otherwise.
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13 Dec 2017 BUSSQ recovered five months in unpaid super contributions for eight members
BUSSQ is passionate about our members receiving their entitlements. We work diligently with our Union and Industry stakeholders to detect and deter non-compliance within the Industry.
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27 Nov 2017 Single Touch Payroll Webinar
Watch our Single Touch Payroll seminar with experts from the ATO to help you get ready for this new reporting system.
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27 Nov 2017 Single Touch Payroll
Single Touch Payroll reporting starts from 1 July 2018 for employers with 20 or more employees.
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21 Aug 2017 BUSSQ Sweetens Retirement
We’re constantly looking for ways to give back to members – so we’ve created new offers to say thank you for choosing BUSSQ.
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9 Aug 2017 Pension Market Update 28 February 2018
Investment returns continue to be very strong driven by a bull sharemarket, although we did see a minor correction in early February.
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9 Aug 2017 Pension Market Update 30 June 2017
Another good year for investors.
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9 Aug 2017 Super Fund Market Update 28 February 2018
Investment returns continue to be very strong driven by a bull sharemarket, although we did see a minor correction in early February.
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9 Aug 2017 Super Fund Market Update 30 June 2017
Another good year for investors.
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10 Jul 2017 Legislative update
Find out about recent Government changes that may affect you.
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10 Apr 2017 BUSSQ recovers seven months of member's unpaid super
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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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.
More
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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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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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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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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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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11 Feb 2016 Get your super sorted in 2 simple steps
Now's the time to get your super sorted!
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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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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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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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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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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 in Queensland EBA's
Did you know that BUSSQ is a nominated and endorsed super fund in Queensland EBA’s?
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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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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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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 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 Workplace visits
We're here to help you.
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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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24 Nov 2014 What can I do if I have no specialist to complete a Treating Specialist Statement for my TPD claim?
If you have no specialist we understand.
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21 Nov 2014 Why don’t you back pay the first 6 months I was off work for Total and Temporary Disablement (TTD) claims?
The policy terms agreed to do not allow this.
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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 may 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 th ...
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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 Income account if I die?
You have two options as to how your BUSSQ Income account 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 Income account, 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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20 Nov 2014 Can I switch investment options?
BUSSQ gives you the flexibility to switch your investment option or mix of options at no extra cost.
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20 Nov 2014 How are my earnings applied to my account?
When you invest in a BUSSQ Income account, Transition to Retirement Income account or Term Allocated Pension, you buy a number of units in the investment option of your choice.
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20 Nov 2014  How is my money invested?
An Investment Committee, appointed by the Trustee, makes recommendations to the Board about where the Fund’s monies should be invested.
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20 Nov 2014 What happens if I do not make an investment choice?
If you do not wish to make a choice, the Trustee will invest your funds in the BUSSQ Balanced Growth Investment Option, known as the default option.
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20 Nov 2014  Is there a cost to move from my BUSSQ account into an Income account?
There is no fee to transfer to a BUSSQ Income account.
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