Tag Archives: Grosvenor Australia Asset Management

Plaintiff Trustee appeal dismissed by the Federal Court of Australia

The Full Court of the Federal Court of Australia has dismissed an appeal by a plaintiff Trustee who alleged the Superannuation Complaints Tribunal had erred in finding that the decision by the Trustee was unfair and unreasonable in calculating the ‘transfer value’ of a beneficiary’s pension.

Background

The respondent, Mr Billinghurst, was a former Managing Director of Grosvenor International Australia Pty Ltd and a member of its corporate superannuation fund. Mr Billinghurst was receiving a lifetime pension from the fund. The applicant, Mercer Superannuation (Australia) Limited (Trustee), was the trustee of the fund.

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