House of Assembly: Tuesday, February 14, 2012

Contents

MOTOR ACCIDENT COMMISSION

In reply to the Hon. I.F. EVANS (Davenport) (7 October 2010) (Estimates Committee A).

The Hon. J.J. SNELLING (Playford—Treasurer, Minister for Workers Rehabilitation, Minister for Defence Industries, Minister for Veterans' Affairs): The Strategic Asset Allocation (weightings between each Asset Class) for the CTP Investment Fund is set by Motor Accident Commission (MAC) in conjunction with MAC's Global Investment Asset Consultant, Mercer. As illustrated in the table below, the total Funds SA managed assets returned 9.4 per cent compared to their total benchmark return of 8.3 per cent for the Financial Year ending 30 June, 2010.

Motor Accident Commission Investment Returns

FY performance to 30 June 2010 over/under performance SAA Weightings 30/06/2010 Manager
Asset Class Return Benchmark
Australian Equities 12.9% 13.0% -0.1% 17.5% Funds SA
International Equities 13.2% 11.8% 1.4% 15.0% Funds SA
Listed Property 37.1% 39.0% -2.0% 2.5% AMP
Direct Property 14.3% 3.7% 10.6% 10.0% MAC
Inflation Linked Bonds 11.0% 10.1% 0.9% 5.0% Funds SA
MAC Fixed Interest 7.4% 6.7% 0.6% 35.0% Funds SA
Cash 4.4% 3.9% 0.5% 5.0% MAC/Funds SA
Diversified Strategies Income 14.6% 12.0% 2.7% 10.0% Funds SA
TOTAL MAC FUND 10.2% 8.6% 1.6% 100.0% MAC/Funds SA
Funds SA Managed Assets 9.4% 8.3% 1.1%