Investment basics explained
Learning the lingo and understanding the basics can help you make informed financial decisions. And take more control of your money.
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On 28 March 2025, two sets of Trust Deed amendments were signed by directors of H.E.S.T. Australia Ltd (Trustee), which will come into effect on 18 April 2025 and 30 June 2025 respectively.
Nature and effect of the Trust Deed amendments
The first set of Trust Deed amendments update the Trust Deed to allow the replacement of the HESTA for Mercy MySuper product with the HESTA MySuper product, in accordance with any exemption, modification or other direction provided by APRA. Notice of this consolidation was provided to HESTA for Mercy MySuper members via the Significant Event Notice (SEN) issued in February 2025.
The second set of amendments reverse the above-described amendments after consolidation of the HESTA for Mercy MySuper product with the HESTA MySuper product is complete, and removes the specification of a large employer in the Trust Deed.
You do not need to do anything because of these changes, and an updated consolidated version of the Trust Deed will be made available on the website after the respective amendments become effective.
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