PSS earning rate adjustment

PSS earning rates include an allowance for future obligations like tax and investment expenses.

On 6 May 2010, ARIA changed the amount of tax and expenses accrued in the daily earning rate to bring those accruals, which are estimates, into line with the actual tax and expense position of the scheme.

ARIA regularly reviews the amount accrued for future tax liabilities and expenses in the daily earning rate. It is industry practice to accrue certain amounts, such as for future tax obligations and expenses, in the earning rate. ARIA does so, conservatively, and in accordance with accounting standards.

Regular reviews make sure accrued amounts align with the obligations they are designed to meet.

For more information call 1300 000 377.