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DC Funds Reading Answers

Bhaskar Das

May 22, 2025

DC Funds Reading Answers contains 6 questions, and it is a topic belonging to the assessment system of IELTS general reading test. DC Funds Reading Answers have to be answered within 10 minutes. In this IELTS reading section, there are questions like Do the following statements agree with the passage? Also, DC Funds Reading Answers contains all the information about transferring superannuation funds from Australia to New Zealand. To practice reading papers like that, the candidates can refer to IELTS Reading Practice test.

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Topic:

DC Funds

A Division of SouthBank, Australia

INFORMATION TO ASSIST IN SHIFTING RETIREMENT FUNDS FROM AUSTRALIA TO NEW ZEALAND

The following information is to assist individuals in transferring retirement funds from Australia to New Zealand under Superannuation Savings Regulations as outlined by both governments. SECTION 1 deals with statutory requirements in terms of Superannuation rules in the jurisdiction of both countries. Please consult your financial advisor to ensure all rules are adhered to in terms of statutory requirements. (See Pages 2 - 3.) SECTION 2, is summarised as follows, and lists the requirements pertaining to the required supporting documents before any funds transfer can proceed. (See Pages 4 - 5.) In particular, details are supplied as to the requirements for certified copies of documents. A certified copy is a document that has been certified as a true copy of an original document. In order to certify a document, original documents must be photocopied and both must be taken to one of the people listed in the categories below to be certified that the photocopy is a true and correct copy of the original document.

Examples of documents that may need to be supplied include a

• passport

• driver's licence

• national ID card

• proof of residence, such as

• current utilities bill issued within the last 3 months, with current address

• current bank statement, with current address

Only the following can act as a witness for Statutory Declaration purposes:

In Australia:

• Justice of the Peace

• Notary Public

• Lawyer*

• Police Officer*

* if authorised to do so in accordance with the Oaths and Declarations Act 1960.

Overseas:

• An Australian Consular Officer

• An Australian Diplomatic Officer

• A person listed as an authorised witness and who holds a current Australian qualification, licence or registration

(eg. an Australian doctor or lawyer working overseas). A copy of the person's credentials must be supplied.

Questions 21 - 26

In boxes 21-26 on your answer sheet write

TRUE if the statement is true

FALSE if the statement is false

NOT GIVEN if the information is not given

21. The information on transferring funds is designed to help companies in Australia and New Zealand.

Answer: FALSE

Supporting statement: "The following information is to assist individuals in transferring retirement funds…"

Keywords: individuals, transferring retirement funds

Keyword Location: Paragraph 1, Line 1

Explanation: The information is specifically stated to be for individuals, not companies.

22. Section 2 of the notice particularly gives advice on supplying copies of required documents.

Answer: TRUE

Supporting statement: "…lists the requirements pertaining to the required supporting documents before any funds transfer can proceed."

Keywords: Section 2, required documents, supporting

Keyword Location: Paragraph 1, Line 5

Explanation: Section 2 deals with the documents needed and the certification process, which includes advice on supplying them.

23. A certified copy means the copy and the original are both witnessed by someone in an approved profession.

Answer: TRUE

Supporting statement: "…original documents must be photocopied and both must be taken to one of the people listed… to be certified…"

Keywords: certified copy, original and copy, witnessed

Keyword Location: Paragraph 1, Lines 6–8

Explanation: The definition provided requires both the original and photocopy to be shown to an approved person for certification.

24. A National Superannuation card is an example of a document that may need to be presented.

Answer: FALSE

Supporting statement: "Examples of documents… include a passport, driver’s licence, national ID card…"

Keywords: examples of documents, National Superannuation card (not mentioned)

Keyword Location: Paragraph 2

Explanation: A National Superannuation card is not listed among the examples provided.

25. In Australia, if a Lawyer or a Police Officer acts as a witness, they require further qualifications.

Answer: TRUE

Supporting statement: "if authorised to do so in accordance with the Oaths and Declarations Act 1960"

Keywords: Lawyer, Police Officer, if authorised

Keyword Location: Paragraph under In Australia

Explanation: The phrase indicates that these professionals need to be specifically authorised to act as witnesses under the Act.

26. Lawyers may act as witnesses only in Australia.

Answer: FALSE

Supporting statement: "…an Australian doctor or lawyer working overseas… A copy of the person's credentials must be supplied."

Keywords: lawyer working overseas, may act as witness

Keyword Location: Paragraph under Overseas

Explanation: Lawyers who are working overseas can also act as witnesses, provided they are qualified and credentials are shown.

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*The article might have information for the previous academic years, please refer the official website of the exam.

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