First state super made it easy for me and i trust them with my retirement savings. Sse and npower agree energy supply merger to create big five the big six is set to become five as two of the biggest suppliers of household energy reach a merger deal. State superannuation scheme police superannuation scheme. One of the largest superannuation funds in australia offering members low fees, financial planning services and retirement. I didnt know much about super when i started work, but knew it was a decision i had to make. The coppell, texasbased nationstar which services reverse mortgages through its champion mortgage arm will emerge as the nominal survivor of the deal, with ceo jay. Merger policy makes an important contribution to the achievement of a competitive and productive australian economy. First state and vicsuper sign merger deed news ipe. Refer to section 4 within the process guide for a full definition and explanation. Report on the actuarial investigation of the home state super. United nations regional seminar on competition law and. Roy summersby free flight garry pope free flight rob masters aeromodellers an agenda was provided which is attached to this document.
European commission competition mergers merger legislation. Act in members best interests act with fairness, integrity and openness make it easy for members to understand their unique scheme help members maximise their state super benefits be a trusted guardian of members funds our emer eliefs. Credit suisse first boston australasian banking conference melbourne 25 september 1998 mergers and acquisitions. Nov 08, 2017 sse and npower agree energy supply merger to create big five the big six is set to become five as two of the biggest suppliers of household energy reach a merger deal. Joint organisations are new local government entities with legal powers established by proclamation designed to bring regional and rural councils together for better regional outcomes. Statutory merger financial definition of statutory merger. State developments is owned and led by multi award winning builder john biazzo who has 30 years experience mostly in the construction of unique residential homes. First state super acquires nsw land registry investordaily. The biggest initial cost for longsuffering ratepayers in newly merged councils is almost always fixing the it problems, but what is a cost for ratepayers is an opportunity for a wellconnected. Reading room 161 oconnell street, kingswood nsw 2747 open tuesdays to fridays 9am5pm. First state super is the owner of stateplus and manages both the stateplus and first state super investment portfolios. The two big six companies who currently supply energy to 12.
There are two pfcs for which the nsw treasurer is shareholder. Issued by fss trustee corporation abn 11 118 202 672, afsl 293340, the trustee of the first state superannuation scheme abn 53 226 460 365. Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice. Whether you want to increase your market share, spread your fixed costs, gain better control of your supply chain, diversify your activities, or expand your current geographic footprint, acquiring another company can bring these benefits faster than organic expansion might otherwise allow. Whether you want to increase your market share, spread your fixed costs, gain better control of your supply chain, diversify your activities, or expand your current geographic footprint, acquiring another company can bring these benefits faster than organic expansion might otherwise. Jan 11, 2016 brief notes from nsw merger meeting held 11 january 2016. All the forms, pds and publications you need to manage your super and retirement. At colonial first state, weve helped over 1 million australians with their superannuation, investment and retirement needs since 1988. As usual, we are also able to support you via our phone channels and online member portal.
Seek professional financial advice, consider your own circumstances and read our product disclosure statement before making a decision about first state super. Credit suisse first boston australasian banking conference. This page contains content that does not match your current location. Trends in new south wales public sector assets and sales. First state super was established in 1992 as a notforprofit superannuation fund. Regulation of anticompetitive mergers is an important part of australias national competition policy. Updated media merger guidelines issued by accc for public. This form is used to combine your other superannuation accounts into your existing lgs account. We manage the archives collection, provide advice on the recordkeeping rules in the public sector, and provide a records repository for government.
Australia merger control getting the deal through gtdt. The government plans to create 20 new councils across new. The merger would enable the two funds to leverage their combined scale to deliver an even better. Joint organisations working together for regional communities toggle navigation. First state super is based in nsw and covers a range of public sector. A statutory merger is defined as a combination of two or more corporations under the corporation laws of the state, with one of the corporations surviving. Report on the actuarial investigation of the state. State archives and records is the nsw recordkeeping authority. Nsw premier gladys berejiklian announced the lease of the land and property informations titling and registry services to the australian registry investments ari consortium.
Jayce morgan, livestock officer pigs, tamworth nsw. Kpmg believes that the level of industry consolidation may occur sooner than expected. Sydney nsw 2000 dear sir, coles acquisition update wesfarmers limited advises that the coles acquisition update presentation released to the market on 16 august 2007 has now been revi sed to incorporate wesfarmers enhanced proposal announced separately to the market on 5 september 2007. Super, retirement and financial planning first state super. Andrew bracey in news october 28, 2015 comments off on rdns, rsl care set to merge two of australias largest notforprofit agedcare providers rsl care and the rdns have announced plans to merge, creating a combined workforce of more than 6000. Shift mindsets to adapt to lack of control 27 experienced leaders challenge 32 change leader mindsets about their responsibilities by challenging assumptions about their roles.
At least seven council amalgamations have been proposed for the riverina under the new south wale governments fit for the future package. You will find regular and relevant updates on covid19 on the first state super website here. Seminars nsw councils workplace visits our client relationship managers videos faq. This section includes the latest state super media releases and articles, member publications, news and updates about government policies, superannuation law and regulations. George jointly announced to the asx their conditional agreement to merge and the key terms of the merger at approximately 9. Brief notes from nsw merger meeting held 11 january 2016. In 20, first state super became authorised to offer a mysuper default product meaning that employers can continue to offer it as a default fund. More about government businesses public financial corporations pfcs provide financial services including insurance, lending and investment managemen.
The housing industry association has described his work as absolutely flawless. Scheme of merger pdf this scheme of amalgamation is presented under sections 391 to 394 and other. Responsible ministers are required to table the annual report for each of the pfcs in the nsw parliament. First state super and vicsuper, two of australias leading. United nations regional seminar on competition law and policy. That is, if company a and company b merge, company a will continue to exist under its own name, while company b will begin to operate under the name, company a. This is a list of proposed state mergers, including both current and historical proposals originating from sovereign states or organizations. This information is a general description of the macquarie group only. Sse and npower agree energy supply merger to create big five.
Wmih, the successor company to former banking giant washington mutual, inc. Awardwinning sustainable industry super fund open to everyone. We have timed its appearance to broadly coincide with law week, but unlike the official state based events, our focus is on an area of legal practice where borders are increasingly irrelevant. The state super scholarship program has been established as a legacy to acknowledge the organisations 100year anniversary.
On the available evidence it appears the merger is planned because it appears to offer prospective savings for the commonwealth. Scheme pass was created and other state funds were merged into pass. First state super is a notforprofit australian superannuation fund. These documents can be located on the parliament of nsw website. Statutory merger a merger in which one corporation remains as a legal entity, instead of a new legal entity being formed. In 2011, first state super merged with health super to create one of australias largest super funds. Apr 26, 2011 the statutory provisions relating to merger and amalgamation are contained in sections 390 to 396a. A statutory merger is essentially the same as an acquisition, though an acquisition carries a slight connotation of a hostile takeover, while a statutory merger does not. We are flexible on the legal structure of the merger of operations but anticipate that late 2021early 2022 would be the most likely timeframe for.
In sydney, 43 councils will be reduced to 25, while 109 regional councils will become 87. The statutory provisions relating to merger and amalgamation are contained in sections 390 to 396a. The entities listed below differ from separatist movements in that they would form as a merger or union of two or more existing states, territories, colonies or other regions, becoming either a federation, confederation or other type of unified sovereign. Nsw councils to merge under state government plan for. That is, if company a and company b merge, company a will continue to exist under its own name. The states general government net debt has also trended higher since the mid2000s figure 3. Commission regulation ec n 338494 of 21 december 1994 on the notifications, time limits and hearings provided for in council regulation eec n 406489 on the control of concentrations between undertakings oj l 377, 21.
They are the reason we all come to work each day and the reason we are proud to work for first state super. The australian competition and consumer commission accc has released draft media merger guidelines draft guidelines to highlight particular issues relevant to the acccs assessment of media. Trends in new south wales public sector assets and sales 3 by 1. Sse and npower agree energy supply merger to create big. Usi, spin, abn and key first state super fund information first. Dec 18, 2015 the forced amalgamations will cut the number of councils from 152 to 112. Joan mcintyre control line apologies from bruce hoffman.
Search for and consolidate lost super and any other super accounts you might have by using our search and combine tool. The state government last week reiterated its determination to reduce the 152 councils currently in nsw. The work portfolio ranges from luxury residences to large renovations and additions including office and restaurant fit outs. Superannuation forms and brochures local government super. The forced amalgamations will cut the number of councils from 152 to 112. I do believe that gtdt has a real future and, according to me, its one of the best legal database ive ever had access to in these last 10 years. Legaltalk alert au updated media merger guidelines issued by accc for public consultation. The surviving corporation acquires the assets and liabilities of the merged corporations by operation of state law. Measurement and verification operational guide 4 2. Before embarking on an amalgamation or merger, it is a good idea for all organisations involved do due diligence on each other, to understand the organisation they are thinking about merging with, and to check to see if there are any problems or issues that should be addressed before the merger.
Home corporates listed companies information memorandum scheme of. Joint organisation council secure portal stronger councils. Statutory merger a merger between two or more companies in which one company continues to legally exist, while all others cease to exist. Before embarking on an amalgamation or merger, it is a good idea for all organisations involved do due diligence on each other, to understand the. Mr baird told a hostile audience at a local government nsw conference that fewer councils would mean we have hundreds of millions of dollars that we can put to work for our ratepayers. More about government businesses public financial corporations pfcs provide financial services including insurance, lending and investment management. The super funds announced their intentions after conducting comprehensive due diligence on their initial merger proposal, announced in july. Statutory merger law and legal definition uslegal, inc. Nsw councils to merge under state government plan for forced. Heres where youll find useful information about first state super. Pdf merger allows you to merge pdf files fast and easy, everything is online, free and with no registration, try it now. The surviving corporation acquires the assets and liabilities of. In july 2012, first state super merged with health super, a not.
We manage the archives collection, provide advice on the recordkeeping rules in the public sector, and provide a records repository for government reading room 161 oconnell street, kingswood nsw 2747 open tuesdays to fridays 9am5pm. Updated media merger guidelines issued by accc for public consultation. Access copies of our member publications and other news sss superviews. According to oxford dictionary, the expression merger or amalgamation means combining of two commercial companies into one merging of two or more business concerns into one respectively. Introduction when a pig is fed a proper diet there are benefits to the pig in terms of its health and well being. Such a database is a fantastic tool to get access to the basics of many legal areas, almost everywhere. Access copies of our member publications and other news. Dec 18, 2015 at least seven council amalgamations have been proposed for the riverina under the new south wale governments fit for the future package. We provide quality personalised service and only invest in ethical companies. As required by the superannuation administration act 1996, all of the pooled funds assets are managed by external fund managers appointed by state super. Green light for rural comedy the merger from the makers of backyard ashes. The scholarship provides funding support for successful applicants to pursue research in fields related to public sector employees and their retirement, pensions or superannuation. Screen australia and create nsw have announced production investment funding for the merger, a feature adaptation of comedian damian callinans one man live show, about a country football.684 1429 904 1244 63 782 1249 1053 1385 652 187 1374 195 1025 209 623 1334 763 113 486 825 553 323 1297 820 1391 1172 1552 448 1132 197 399 1142 614 509 1 176 1104 966 1149 389 85 429 1173 1013