Author archives: Andrej Kocis

Update: The Beck decision

Supplementary NSW Supreme Court decision: 
Beck v Colonial Staff Super Pty Ltd (No.2) July 2015 decision In July this year, the NSW Supreme Court (Court) upheld a claim that the actions of the trustee of the Commonwealth Bank Officers’ Fund were void. In particular, the Court held that the deletion of a discretionary power to…

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NSW Supreme Court decision: Removal of discretionary benefit impermissible

In a recent decision, the NSW Supreme Court (Court) upheld a claim that the deletion of a discretionary power to pay an increased benefit was invalid, not in members’ best interests and breached the SIS restriction against adverse alterations to accrued benefits. Background Mr Peter Beck was a member of the Commonwealth Bank’s (Bank’s) staff superannuation…

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