This parliamentary question seeks data on GESB members transferring their superannuation to other funds, compliance with federal transfer requirements, and any additional information GESB requests during the transfer process. The answer indicates a significant number of transfers and full compliance.

AnsweredQoN 2072Legislative Assembly
Asked
1 April 2014
Portfolio
Treasurer

QuestionView source ↗

In relation to GESB members transferring their superannuation to other providers, I ask: (a) how many GESB customers have closed their accounts and transferred them to other superannuation funds this financial year and last financial year; (b) does GESB fully comply with federal requirements for ease of transfer; and (c) what further information beyond what is specified by federal legislation does GESB request from fund members who apply to move their accounts?

AnswerView source ↗

Answered
6 May 2014
Response time
35 days
(a) 13 475.
(b) Yes.
(c) GESB require no further information beyond what is specified by federal legislation.

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