We regularly value the assets in our investments. Learn about our methodology and how it’s used to determine unit prices for each investment option.

Some assets are valued more frequently than others

Our Trustee employs an independent custodian to regularly value the Fund’s assets and liabilities.

Assets that are traded on active investment markets, like Australian shares, can be regularly valued.

We also invest in assets like direct property and private equity which are not traded on active investment market, making it more difficult to obtain accurate and up-to-date valuations for setting weekly unit prices. For example, commercial buildings are typically re-valued annually.

In order to provide regular updates and reduce the impact of infrequently valued assets, we have instituted a strategy that includes:

  • Limiting the proportion of infrequently-valued assets in each investment option
  • Requiring investment managers to use robust valuation methods. For example, properties must be re-valued on a staggered basis. Managers may also use indexation to estimate the value of assets between formal valuations.

What role do tax losses have on valuation?

If the Fund suffers capital losses, those losses are carried forward until they can be offset against future capital gains. The future tax savings that can result from these losses are assets for the Fund, called future tax assets or deferred tax assets.

Future tax assets are included in the valuation of the Fund’s assets and flow through to superannuation unit prices. This means that members who suffer investment losses can benefit from any future tax savings.

There is an established policy to determine how these tax assets are estimated and included in unit prices.

Future tax payable is also included in superannuation unit prices; future tax assets and tax payable are not included in pension options as no tax is payable on earnings in the pension phase.

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