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Improving productivity

Staying productive in the workplace can be challenging – whether it’s interruptions from colleagues, unnecessary meetings or simply distractions such as social media, it is hard to stay focused on the task at hand.

Here are three ways to be more productive in your work day:

Take more breaks
Although taking more breaks sounds counterintuitive to productivity; breaks provide time to refresh and therefore can improve performance. Break up long tasks by taking a short break at least every hour or so to maintain concentration.

Reduce time of meetings
Meetings can take up a large part of your work day; stealing many of your most productive hours. Effective meetings usually have a strict end time, only include essential staff members and stick to an agenda. Before organising your next meeting, consider which staff members are necessary (and which can afford not to go) and write up an agenda prior to the meeting.

Break up big tasks into small parts
It can be easy to procrastinate when it comes to a large project, as the prospect of starting the task may seem overwhelming. One way to combat procrastination is to break up the task into smaller, more manageable parts. Breaking up the task helps you to feel more control over your work and can improve your mindset towards the task.

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News

Updates to the unclaimed superannuation money protocol

January 15, 2020

The Superannuation (Unclaimed Money and Lost Members) Act 1999 (SUMLMA), more commonly known as the unclaimed superannuation money protocol, has been updated recently to provide a clearer structure going forward.

SUMLMA provides guidance on in relation to unclaimed money, lost member accounts, superannuation accounts of former temporary residents and their associated reporting and payment obligations. The update has now added content on inactive low balance accounts.

The act now clearly defines what is an inactive low-balance account, how statements and payments work, the registering of lost members and various rules for special cases.

It is important to note that the information in the protocol does not apply to super providers that are trustees of a state or territory public sector super scheme, in which:

The protocol provides administrative guidance only and should not be taken as a replacement for the law or technical reporting specifications.