Listed share and fund resolution voting policy and voting record
The Bendigo Superannuation Plan (the Plan) invests via underlying managed funds and does not directly hold any shares in listed companies. Therefore there are no listed company share voting rights for the Trustee of the Plan (Bendigo Superannuation Pty Ltd) to exercise. The Trustee will however participate in any fund resolutions in relation to the managed funds via which the Plan invests.
The Trustee’s guiding principle for voting on managed fund resolutions is to do so in the best financial interests of the Plan’s members. The Trustee’s assessment includes considerations such as:
- Expected changes to the respective managed fund’s investment return and risk objectives;
- Expected changes in the respective managed fund’s fees or other costs;
- Expected changes in the capabilities of the respective fund manager;
- Any available independent expert opinions or advice;
- Any potential, actual or perceived conflicts of interest (with consideration also given to the respective fund manager’s conflicts management policies/frameworks).
The Trustee will vote to either accept, reject or abstain from a managed fund resolution, and will communicate the reasoning of each vote to the Plan’s members on an annual basis. Descriptions of managed fund resolutions in relation to the Plan during the past financial year and a record of the Trustee’s voting will be made publicly available no later than 20 business days after the end of that financial year.
Managed fund resolution voting summary for the period 1 July 2023 – 30 June 2024
There were no managed fund resolutions in relation to the Plan during the period.
Listed company share voting summary for the period 1 July 2023 – 30 June 2024
There were no listed company shareholder resolutions or corporate actions during the period to which the Trustee had any voting rights, as the Plan did not directly hold any shares in listed companies.
