澳洲Australia property Would You Disclose? | Sydney


在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo


I have a meeting with our Superanuation Fund next week.

He has requested by fax that we complete an enquiry form of all our finances, investments, cash in the bank and income,insurance etc.

Now we only have 1 super plan with this mob and absolutley nothing else.
I quess if he knows what we have he can better asess our situation.

I think he will just want a bigger slice of the pie, and quite frankly l dont think it is any of his business.
Am l wrong in thinking this?

So my question is would you disclose all the info to your super fund?

cheers yadreamin  

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My favorite saying in these situations is that if you do not make your own investment and financial plans, someone else will do it for you and charge for the privilege.

I see most of these occasions as research sessions to see if they can help accomplish my goals.  

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ya dreamin...
doesnt quite make sense to me ??
is it just some employee super fund...why would you meet with them etc etc.

now if u were seeing a self managed specialist, or super advisor, or setting something up, or a life agent, fin planner etc..then sure, they may well ask and they are required by copious amounts of regulation to enquire about your personal circumstances in order to offer correct advice as regards your needs etc. but this seems a bit weird. i sure wouldnt be sending anything back via a fax!!  

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I agree i would be content to send a fax summary to these people - as long as it is only a summary - no account numbers etc. If you have your own plan for finances then you should not be worried about being swayed by a salesman.

I am always happy to disclose my info, plan, investing record to financial planners. On a few occassions i have picked up some sound advice, thoughts etc - but i will always go and do my own research. Most planners acknowledge that I am travelling along fine.

OSS  

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My Hubby is self employed, so so each year we go along to have his super review.[we missed last year]
The fella we see is very much against property, he gets a lot of trailing comm from selling super, shares and insurance.
He is quite chuffed with himself at the moment as the super fund is actually in positive ground[for once] but to be honest it would be a pretty sad state of affairs if any fund wasnt in positive ground after the last 2 years.
I have noticed that for the last 18 months that any gains the fund has made have been put into a cash account attached to the super earning about 5%, that alone will give me reason to question his methods.
So he is beating the drum of the share market pretty loudly.I reckon he will ask for the cash acc balance to invest where he see,s fit.!!!!!!!
I might just put the basic info on his enquiry and hand it to him when we meet, l certainly wont be faxing it to him.
Thanks for your responces
cheers yadreamin  

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if you want to give him any chance of looking at the whole picture and making some rational advise then of course you have to give him a snapshot of your financial situation (he doesn't want account numbers of bank accounts and engine numbers of your vechiles).
he needs to see what balances you have in assett classes ...
then YOU deceide what to do with the advice he gives you.  

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It's pretty standard behaviour. Our work super fund is AXA. So we were given an AXA rep ages ago. He called to see if he could come in and meet with the gang obviously with the aim of doing some planning and getting people into funds. I said: 'Sure, that would be great if you came in.' Boy, wasn't he sorry. He picked the wrong place to lob when he didn't have an affinity for or much knowledge about investment property.
Scott  

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Hi Scott....

Was that residential or commercial & Industrial super funds u r talking about?

Regards  

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yadreamin said:
I have a meeting with our Superanuation Fund next week.

He has requested by fax that we complete an enquiry form of all our finances, investments, cash in the bank and income,insurance etc.

Now we only have 1 super plan with this mob and absolutley nothing else.
I quess if he knows what we have he can better asess our situation.

I think he will just want a bigger slice of the pie, and quite frankly l dont think it is any of his business.
Am l wrong in thinking this?

So my question is would you disclose all the info to your super fund?

cheers yadreaminClick to expand...
I think only Financial Planner and your lender after that sort of information. I wouldnt disclose this information for anyone else.
Super Fund, their job is to invest your money on your behalf and make decent return based on the risk you are willing to take. Why would they need all the other juicy details on your financial status?....  

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