Senate debates Questions on Notice

Superannuation (Question No. 432)


Nick Sherry

Nick Sherry Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism

The Minister for Financial Services and Superannuation has provided the following answer to the honourable senator's question:

(1) (a): 2,546

(b): 2,481

(c): The Tribunal has received 1,737 complaints for the year to date (to 18 March 2011)

(2) (a):

(b):

(c):

(*Note: this includes complaints resolved in favour of the trustee)

(3) The first and second most common types of complaints are:

2008/09 – death benefit distribution disputes and payments disputes (delays, account balances, early release)

2009/10 – death benefit distribution disputes and payments disputes (delays, account balances, early release)

2010/11 (to date) – death benefit distribution disputes and payments disputes (delays, account balances, early release)

(4):

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