PSSap unit price adjustment

PSSap unit prices include an amount which is used to meet future obligations like tax and investment expenses.

On 6 May 2010, ARIA changed the amount of tax and expenses accrued in the unit prices to bring those accruals, which are estimates, into line with the actual tax and expense position of the scheme.

ARIA regularly reviews the amount accrued for future tax liabilities and expenses in the daily unit prices. It is industry practice to accrue certain amounts, such as for future tax obligations and expenses, in the unit prices. ARIA does so, conservatively, and in accordance with accounting standards.

Regular reviews make sure accrued amounts align with the obligations they are designed to meet.

How are unit prices calculated?

The unit price for an investment option reflects the total value of assets in the investment option (less fees not deducted directly from your PSSap super account, expenses and taxes), divided by the number of all units issued in the investment option.

Our calculation of the value of assets in each investment option is generally based on the latest available market value at the end of each business day.

For more information call 1300 725 171.