Governance
Aracon Superannuation Pty Ltd (Aracon) understands the prudential obligations and the need to operate a robust risk management and compliance framework that meets all of the requirements imposed by the industry regulators, APRA and ASIC.
The Risk Management Framework (RMF) sets out and identifies all material risks applicable to the Aracon superannuation Fund. Risk management is implemented through Aracon’s robust internal compliance capabilities supported by a web enabled compliance system.
The Board of Aracon and its various committees, receive regular reporting on all risk and compliance and investment related matters to ensure that the systems, procedures and controls that address compliance remain relevant, and to ensure that any remedial action, if required, is implemented appropriately.
Aracon Superannuation fund documents
- Member Outcomes Assessment February 2021
- Defined fees for Superannuation Products February 2021
- Minutes of the Annual Members Meeting held on 29 January 2021
- Transparency Information 31 December 2020
- Aracon Superannuation Fund Annual Report 30 June 2020
- Aracon Superannuation Pty Ltd Constitution 3 October 2008
- Trust Deed 20 December 2018
- Supplemental Deed 29 May 2019
- Deed of Amendment 18 December 2019
- Board Appointment and Renewal Policy 20 October 2020
- Aracon Superannuation Fund Pty Ltd Financial Statements 30 June 2020
- The Aracon Superannuation Fund Financial Statements 30 June 2020
- Aracon Conflicts Management Policy September 2020
- Proxy Voting Policy February 2019
- Privacy Policy 20 March 2020
- Aracon Letter of Compliance 1 February 2019
- ASF – Confirmation of Existing Binding Death Benefit Nomination 1 July 2020
Significant events & material changes
- New Trustee for the Aracon Superannuation Fund – 2 February 2021
- Cashel Super – Change in Investment Fees – 23 December 2020
- Hub24 and Xplore Scheme Implementation Agreement Notice – 5 November 2020
- Cashel Super Supplementary PDS and Product Update – 24 July 2020
- FairVine Super – Change in Fee Structure – 20 July 2020
- Change of Administrator – 10 May 2019
- Change of Ownership of Aracon – 31 October 2018
- New ARA Retirement Fund PDS – 10 September 2017
Board composition
Directors
- Geoff Peck (Chair)
- Alan Hayden
- Christine Cameron
Audit, Risk, Compliance &
Complaints Committee
- Alan Hayden (Chair)
- Christine Cameron
- Geoff Peck
Investment committee
- Christine Cameron (Chair)
- Alan Hayden
- Geoff Peck
Remuneration committee
- Alan Hayden (Chair)
- Geoff Peck
Responsible persons
- Craig Giffin
- Brian Stieg
- Anthony Walsh
Proxy Voting
Aracon did not exercise any voting rights up to 31 December 2019.Roles of the Committees
Audit, Risk, Compliance and Complaints Committee (ARCCC)
The role of the ARCCC is to assist the Board of Directors of the Trustee in fulfilling its statutory, corporate governance and oversight responsibilities in respect of audit, risk management, compliance and complaints (including member insurance).
Investment Committee (IC)
The role of the IC is to assist the Board of Directors of the Trustee in fulfilling its investment governance and oversight of the Fund’s investment policy and portfolio management of the Sub Plan’s investments
Remuneration Committee (RC)
The role of the RC is to assist the Board of Directors of the Trustee in fulfilling its statutory, corporate governance and oversight responsibilities in respect of remuneration of the Fund’s Responsible Persons.