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The Australian Retirement Trust (ART) is an Australian superannuation fund headquartered in Brisbane, Queensland. It has over A$300 billion in retirement savings under management and 2.4 million members, making it Australia's second-largest superannuation fund.
QuickBooks is an accounting software package developed and marketed by Intuit.First introduced in 1992, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.
John Livanas, CEO, State Super. State Super is a superannuation fund in Australia that was established in New South Wales in 1919. It serves current and former government employees and public sector workers. As of June 2023, it manages close to $38 billion AUD in assets and has around 86,840 members.
The State Employees’ Retirement System covers Civil Service employees, appointed officials in the executive branch, and employees of the legislature and judiciary branch. A ten-member board oversees the State Employees’ Retirement System. As of September 30, 2017, the system serves 10,850 active members and 59,684 retirees and beneficiaries.
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Reckon Limited was founded by Greg Wilkinson in 1987, who was its chief executive officer until 2006. [5] Funded initially with the $2,000 credit limit on a friend's credit card, Greg Wilkinson started republishing and distributing Quicken & QuickBooks software products in Australia under a licensing agreement with Intuit. [6]
An avoidable issue with Australia's superannuation system is employees failing to consolidate multiple accounts, thus being charged multiple account fees. In 2018, of Australia's 15 million superannuation fund members, 40% had multiple accounts, which collectively cost them $2.6 billion in additional fees per year. [ 80 ]