Elements and Performance Criteria
- Identify and manage reporting compliance requirements with legislative and operational requirements
- Sources of information on legislative, regulatory requirements and compliance requirements are identified
- Regulations and relevant legislative requirements that impact administrative processes and procedures are identified
- Specialist advice is sought on areas outside of knowledge area and authority limits
- Accuracy, thoroughness and timing of reporting procedures are reviewed against legislative requirements
- Manage contributions and rollovers into the fund
- The accuracy and timelines of allocations and/or processing of contributions and rollovers, into the fund are reviewed in accordance with legislative and operational guidelines
- Contributions are reviewed to ensure that they have been allocated in accordance with employer or trustee instructions
- Contribution anomalies identified are reviewed to ensure correct processing
- Manage other payments
- Payments into the fund are reviewed in accordance with legislative and operational guidelines
- The accuracy and timelines of benefit payments out of the fund are reviewed in accordance with legislative and operational guidelines
- Payment practices and processes are reviewed in accordance with legislative and operational guidelines
- Manage internal and external complaints
- Manage member/employee records
- Documents are reviewed to ensure that document checking and validity processes are implemented, and supporting documentation is supplied
- Documentation is reviewed to ensure that advice and acknowledgement have been issued
- Employee records are reviewed to ensure currency of information
- Documentation storing processes are reviewed to ensure compliance with organisational policies and procedures
- Manage trustee instructions
- Trust deed instructions are reviewed to ensure they have been actioned correctly
- External service providers are liaised with to validate that trustee instructions have been implemented
- Monies received from investments are reviewed against trustee and trust deed instructions
- Payments made are reviewed against trustee and trust deed instructions
- Ensure annual returns are lodged
- Annual review process is completed accurately, thoroughly and in time, in accordance with legislative and operational requirements
- Trustee reporting, member reporting and insurance reporting is completed accurately, thoroughly and in time, in accordance with legislative and operational requirements
- Australian Prudential Regulation Authority (APRA)/ Australian Taxation Office (ATO)/annual return/ATO tax return, are completed accurately, thoroughly and in time, in accordance with legislative and operational requirements