This is a type of superannuation fund.
An approved Deposit Fund is a superannuation fund which does not accept contributions but does accept rollovers. See section 10 of the Superannuation Industry (Supervision) Act 1993
a concessionally taxed investment fund for superannuation monies. Similar to a superannuation fund, however an ADF can only accept ETPs (ie superannuation money) and cannot allow contributions. For this reason superannuation funds have become more popular.
A fund approved by the Australian Taxation Office to receive Eligible Termination Payments.
a concessionally taxed investment fund for superannuation monies. It is similar to a superannuation fund but an ADF can only accept eligible termination payments and does not allow contributions.
This is a managed investment that is approved by the Australian Taxation Office and can only accept Eligible Termination Payments (ETPs). If a person retires early, is retrenched or changes jobs, the ETP can be rolled over into the fund where it can remain until that person reaches the age of 65.
A fund set up to hold a lump sum superannuation benefit rolled-over into it until the person is 65 years old.
A trust fund set up specifically for the investment of Eligible Termination Payments. (see also Rollover investment options)
A type of rollover fund. ADFs may only accept eligible termination payments (ETPs). If a person retires early, is retrenched or changes jobs, the ETP can be rolled over into the ADF, where it can remain (attracting tax concessions on investment earnings) until that person reaches the age of 65. In regulatory terms, the definition of an approved deposit fund is a fund that receives ETPs and has an approved trustee that is a constitutional corporation.
A superannuation fund that can accept eligible termination payments.
A savings vehicle into which an ETP can be deposited.
A type of fund into which Termination Payments can be ‘rolled over’ when an employee leaves a company for any reason, so that minimal tax is paid on the lump sum.