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Glossary

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Term Explanantion

  • Total & Permanent Disablement

    Total and Permanent Disablement is defined in the insurance policy held by the Trustee to mean:

    • a member suffering the loss of use of two limbs or the sight in both eyes or the loss of the use of one limb and the sight in one eye (where limb is defined as the whole hand or the whole foot); or
    • athe member having been absent from their occupation with the employer through injury or illness for six consecutive months and having provided proof to the satisfaction of the Fund insurer that the member has become incapacitated to the extent as to render the member unlikely to ever again engage in any gainful profession, trade or occupation for which the member is reasonably qualified by reason of education, training or experience.

     

  • Trustee(s)

    The persons or corporate body that has a legal responsibility for the running of the fund in accordance with the requirement of the trust deed. The Trustee of Prime Super is a company with equal numbers of directors representing employees and employers. Irrespective of who appointed them, the Trustees/Directors owe a fiduciary duty to the beneficiaries.

Did you know?

Prime Super has some 150,000 members?

Prime Super is an ASFA member
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Important Notice

The advice contained on the Prime Super website does not take into account your particular objectives, needs or financial situation. Before making a decision regarding the acquisition or disposal of a financial product, you should assess whether the advice is appropriate to your objectives, needs or financial situation. You may wish to make this assessment yourself or seek the help of an adviser. Prime Super takes no responsibility for you acting on the information provided. Any decision that you make is at your own risk. Before acquiring a financial product you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the contents of the PDS before making a decision about whether to acquire the product.

Issued by the Trustee: Prime Super Pty Ltd ABN 81 067 241 016 AFSL No. 219723 RSE Licence No. L0000277 Prime Super ABN 60 562 335 823; RN 1000276