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Australiansuper: Product Disclosure Statement

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AustralianSuper

Product Disclosure Statement

28 September 2024

What we'll cover


1 About AustralianSuper
2 How super works
3 Benefits of investing with AustralianSuper
4 Risks of super
5 How we invest your money
6 Fees and costs
7 How super is taxed
8 Insurance in your super
9 How to open an account

Join form enclosed, or join online


at australiansuper.com/join

MySuper Authorised 65 714 394 898 856 issued


by AustralianSuper Pty Ltd ABN 94 006 457 987
AFSL 233788 Trustee of the AustralianSuper
superannuation fund (‘AustralianSuper’ or the ‘Fund’)
ABN 65 714 394 898 USI STA0100AU
GPO Box 1901, Melbourne VIC 3001
1 About AustralianSuper
This Product Disclosure Statement explains the key features and benefits
of being with AustralianSuper.
AustralianSuper is Australia’s largest industry super fund1, trusted by over 3.4 million
Australians to look after over $341 billion in assets2. Here's why:
You come first
As a profit-for-member super fund, we act in your best interests and not the interests of
shareholders.
Helping you invest to build a better future
We’re committed to providing strong, long-term returns to help you build a better future.
See how we compare at australiansuper.com/compare
If you don't make an investment choice, we'll invest your super in the AustralianSuper
MySuper Balanced investment option.
If you want to take more control over your super, you can choose from a range of other
PreMixed (diversified), DIY Mix (specific asset class) or Member Direct (self-directed)
investment options.
A copy of the product dashboard for AustralianSuper’s MySuper Balanced option is
available at australiansuper.com/MySuperDashboard
Working with employers
We work with over 478,0002 employers Australia-wide.
Award-winning products and services
You can be confident knowing your super is being managed by an award-winning fund
(see back cover)3.
Other information
You can find important information, including our Trust Deed, Annual Report and
remuneration for executive officers, at australiansuper.com/reports
1
APRA Quarterly fund-level superannuation statistics March 2024. Released 20 June 2024.
2
As at 30 June 2024.
3
Awards and ratings are only one factor to be taken into account when choosing a super fund.

About this Product Disclosure Statement


This Product Disclosure Statement (PDS) is a summary of significant information and
contains a number of references to important information (each of which forms part
of the PDS). You should consider this information before making a decision about
the product. The information is current as at the date of publication, but may change
frequently. Information contained in this PDS that is not materially adverse may
change from time to time and will be made available online at australiansuper.com/
pds A paper or electronic copy of the updated changes will be made available on
request at no extra charge. This PDS provides general information only and doesn’t
take into account your personal objectives, financial situation or needs. You should
obtain financial advice tailored to your personal circumstances.

2
2 How super works
Super is an important way for you to save for retirement.
Super is an investment for your future and the sooner money starts going into your account,
the better off you’ll be when you retire. That’s because, over the long term, your super
grows from investment returns and any money that’s added to your account.
There are many ways money can be added (contributed) to your account.
Superannuation Guarantee contributions
Employers pay a compulsory contribution to your super known as the Superannuation
Guarantee (SG). Currently, this is an amount equal to 11.5% of your annual salary (subject
to a salary cap of $65,070 each quarter).
There are also other types of contributions that could help you grow your super.
Personal contributions
Before-tax1 – includes salary sacrifice contributions made by you, any personal
contributions for which you claim a tax deduction and voluntary contributions made by
your employer for which they claim a tax deduction.
After-tax1 – includes any additional contributions you make from your take-home pay,
for which you don’t advise us you wish to claim a tax deduction.
Government co-contributions
If you're a low to middle income earner, you may be entitled to a government
co-contribution if you add to your super from your after-tax pay. For more information
see the Add to your super with government co-contributions fact sheet
at australiansuper.com/FactSheets
Useful information to know
Tax benefits are provided by the government to encourage you to save more for retirement
and grow your super over time.
You generally can’t access your super savings until you reach your preservation age. Your
preservation age varies depending on the year you were born. To learn more about
accessing your super, rollovers and preservation age, visit
australiansuper.com/AccessYourSuper
It’s your super, it’s your choice
Normally you can tell your employer where you want your super to be paid. But in some
cases, it depends on your employment contract. If you don’t make a choice and do not
have an existing super account which is ‘stapled’ to you, they will pay your contributions
to a MySuper compliant super fund.
Protecting your super
If you have an account balance below $6,000, legislation requires us to transfer your
account to the Australian Tax Office (ATO) after 16 months of inactivity. Where possible,
the ATO will transfer your account to your active super fund. To find out how to keep
your AustralianSuper account active, visit australiansuper.com/pys
Combine your super
If you’ve had more than one job in the past, you may have more than one super account
and several insurance policies. If you want to transfer insurance cover you have with
another super fund, you’ll need to transfer your cover before you combine your super.
Learn more about combining your super and transferring insurance cover at
australiansuper.com/combine

1
Depending on your income and personal circumstances, you may be better off contributing before or
after tax, or using a combination of both. The government places limits on the amount that can be
contributed to super. To learn more, visit australiansuper.com/InfoTax
3
3 Benefits of investing with
AustralianSuper
We’re here to help you get the most from your money today and
tomorrow. That’s why we offer simple and effective solutions to help you
manage your account.
Get more from being a member
A range of PreMixed (diversified), DIY Mix (specific asset class) and
Member Direct (self-directed) investment options to choose from, including
our Balanced option backed by a history of strong long-term investment
performance1.
Automatic2 basic age-based Death, Total & Permanent Disablement (TPD)
and Income Protection insurance cover to protect you and those who matter
to you.

Education and webinars on growing your super and planning for retirement
at no additional cost.

Tools and calculators to help you understand super.

Financial advice available over-the-phone and face-to-face3.

Binding or non-binding nominations, to let us know where you want your


money to go in the event of your death. Visit australiansuper.com/beneficiary

1
AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate
Survey - SR50 Balanced (60-76) Index to 30 June 2024. Investment returns aren't guaranteed. Past
performance is not a reliable indicator of future returns.
2
Eligibility criteria apply - see Section 8 Insurance in your super for details.
3
Personal financial product advice is provided under the Australian Financial Services Licence held by
a third party and not by AustralianSuper Pty Ltd. Some personal advice may attract a fee, which would
be outlined before any work is completed and is subject to your agreement. With your approval, the
fee for advice relating to your AustralianSuper account may be deducted from your
AustralianSuper account subject to eligibility criteria.

Access your account online or download the mobile app to track your super 24/7.
To set up your account online, visit australiansuper.com/register
Download the app here:

Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other
countries. App Store is a service mark of Apple Inc. Google Play and the Google Play
logo are trademarks of Google Inc.

4
4 Risks of super
All investments, including super, have some risk.
How you invest your super will depend on your age, how long you’ll invest your super,
other investments you may have, and your tolerance for volatility.
Volatility is when the returns on your investment go up or down over time. The level of
volatility your super investment could have will depend on the types of assets that your
super is invested in. Examples of assets include investments such as shares, property,
fixed interest, or cash.
Different types of assets have different levels of potential return and volatility. Generally,
higher long-term returns are accompanied by a greater potential for volatility in the
short term.
You can choose from a range of investment options, each with a different mix of assets.
So, the likely investment return and the level of potential volatility of returns involved are
different for each option.

What you need to think about


When considering your super, it’s important to understand that:
investment returns may go up and down over time and the value of investments will
vary, so the value of your super may also go up and down
investing too conservatively can be risky because over the long term your investment
may not earn a return above the inflation rate
returns aren’t guaranteed, and you may lose some of your money
past returns aren’t a reliable indicator of future returns
the laws affecting your super may change, and
the amount of your future super savings (including contributions and returns) may not
be enough for your retirement.

More information
You should read the important information about the risks of investing in super
before making a decision. Download the Investment guide,
from australiansuper.com/InvestmentGuide
The material relating to the risks of investing in super may change between
the time when you read this PDS and the day when you acquire the product.

5
5 How we invest your money
How we invest your money when you join:

If you join through your employer or If you join online at


complete the Join AustralianSuper australiansuper.com/join you can
form you’ll be invested in the Balanced OR choose your own investment option/s
option (MySuper) until you make an through the join process.
investment choice.

Investment details for the Balanced option


Invests in a wide range of assets with a Balanced option investment mix -
focus on growth assets. Designed to have strategic asset allocation and ranges1
medium to long-term growth with possible
short-term fluctuations.
Investment objective
To beat CPI2 by more than 4% p.a. over
the medium to longer term, and
To beat the median balanced fund3 over
the medium to longer term.
Minimum investment timeframe
Be prepared to stay invested in this option Australian shares 23.85% (10-45%)
for at least 10 years due to the potential for International shares 30.65% (10-45%)
short-term volatility.
Private equity 4.75% (0-15%)
Risk levels Infrastructure 9.25% (0-30%)
Short-term risk classifies investment Property 8% (0-30%)
options according to their likelihood of
negative returns in a given year. Credit 4% (0-20%)
Fixed interest 14.5% (0-25%)
Medium-term risk balances two risks. The
first is that your super savings will be Cash 5% (0-20%)
reduced by volatility and the second is Other assets4 0% (0-5%)
that your super savings won’t keep up
with wage inflation.
Risk level for the time invested
Long-term risk is the risk that your super
savings won’t keep up with wage inflation. Short (if savings are required High
Estimated number of negative annual term in 5 years or less)
returns over any 20-year period
Approximately 5 out of every 20 years. Medium (if savings are required Medium
term after 5 to 20 years)
Long (if savings are required Low
term after 20 years or more)

1
Investment information is current at the date of publication and may change from time to time.
See australiansuper.com/AssetAllocation for updated information. Investment returns aren’t
guaranteed.
2
CPI stands for Consumer Price Index – which is used as a measure of inflation.
3
As determined by the SuperRatings Fund Crediting Rate Survey - SR50 Balanced (60–76) Index.
4
Investments that represent unique opportunities or strategies. Examples include commodities, hedge
funds and other alternative investment strategies.

6
AustralianSuper has a range of investment options to suit a wide range of investors.
PreMixed options DIY Mix options
Made up of multiple asset classes to provide Primarily made up of exposure to a single asset
different types and levels of risk and potential class. With DIY Mix options you can select a
return. combination of asset classes to suit you.
High Growth Indexed Diversified Australian Shares Cash
Balanced Conservative Balanced International Shares
Socially Aware Stable Diversified Fixed Interest
Member Direct investment option
Our self-managed investment option that allows you to invest in S&P/ASX 300 shares, selected
Exchange Traded Funds (ETFs), Listed Investment Companies (LICs), term deposits and cash.
Changing your investment option
You can choose your preferred investment option in the mobile app or by logging into
your account. It won’t cost you anything to switch. Find out more about choosing or
changing your investment options at australiansuper.com/switching
How your account is invested if you die
From 1 October 2024, your account (including any contributions received after you die)
will be invested in the Cash option after AustralianSuper is notified of your death.

You should read the important information about our investment options before making
a decision. Download the Investment guide from australiansuper.com/InvestmentGuide
The Investment guide contains information about our other investment options including
the risk and expected return over different periods of time. The material relating to
our investment options may change between the time when you read this PDS and
the day when you acquire the product.

You should consider the likely investment return, risk, and your investment
timeframe when choosing an investment option.

6 Fees and costs


Did you know?
Small differences in both investment performance and fees and costs can have a
substantial impact on your long-term returns.
For example, total annual fees and costs of 2% of your account balance rather than
1% could reduce your final return by up to 20% over a 30-year period (for example,
reduce it from $100,000 to $80,000).
You should consider whether features such as superior investment performance or
the provision of better member services justify higher fees and costs.
You or your employer, as applicable, may be able to negotiate to pay lower fees.
Ask the Fund or your financial adviser.
To find out more
If you would like to find out more, or see the impact of the fees based on your own
circumstances, the Australian Securities and Investments Commission (ASIC)
Moneysmart website (moneysmart.gov.au) has a superannuation calculator to help
you check out different fee options.

7
This section shows the fees and other costs you may be charged for the
AustralianSuper MySuper Balanced investment option. These fees and other costs may
be deducted from your account, from the returns on your investment or from the assets
of the superannuation entity as a whole. You can use this information to compare fees
and costs between different superannuation products. See australiansuper.com/
FeesandCostsGuide for the fees and costs for our other investment options.

Fees and costs summary


AustralianSuper MySuper Balanced investment option

Type of fee or cost Amount How and when paid


1
Ongoing annual fees and costs
The Flat administration fee is deducted directly from your
$1 per week account on the last Friday of each month based on the
number of Fridays in the month.
Plus 0.10% The Asset-based administration fee is deducted directly
p.a. of your from your account on the last Friday of each month based
account on your closing account balance on this date and is
Administration fees balance pro-rated based on the number of Fridays in the month.
and costs capped at
$350 p.a.
Administration costs paid from reserves that are not
otherwise charged as administration fees. These costs are
0.00% p.a.2 not directly charged to your account but have reduced the
reserve balance held by the Fund to cover future
administration costs.
Investment fees Deducted from pre-tax investment returns and reflected
and costs2,3 0.52% p.a. in the daily crediting rate.

Transaction costs2 Deducted from pre-tax investment returns and reflected


0.05% p.a.
in the daily crediting rate.
Member activity related fees and costs
Buy-sell spread Nil Not applicable.
Switching fee Nil Not applicable.
See section 8 of this PDS for details of insurance fees and the Additional
Other fees and costs explanation of fees and costs at australiansuper.com/
FeesandCostsGuide for details of other activity related fees and costs.
1
If your account balance is less than $6,000 at the end of the financial year, certain fees and costs
charged to you in relation to administration and investment are capped at 3% of your account
balance. Any amount charged in excess of that cap will be refunded directly to your account.
2
These percentages are calculated based on previous financial year(s) and are rounded to the
nearest two decimal places. For details of how they are calculated see australiansuper.com/
FeesandCostsGuide The actual amount you'll be charged for this financial year will depend on
the actual fees and costs incurred.
3
Investment fees and costs include an amount of 0.09% p.a. for Performance fees.

You will receive a tax benefit of 15% on any administration fees and any insurance
fees deducted directly from your account. The tax benefit will be paid directly into your
account each month. See Section 7 of this PDS for further information on how super is
taxed.

8
Example of annual fees and costs
This table gives an example of how the ongoing annual fees and costs for the
AustralianSuper MySuper Balanced investment option for this superannuation product
can affect your superannuation investment over a one-year period. You should use
this table to compare this superannuation product with other superannuation products.
Example – AustralianSuper MySuper Balance of $50,000
Balanced investment option
For every $50,000 you have in the
superannuation product, you will be charged $50
in administration fees and costs up to a maximum
Administration fees and 0.10% plus $52 of $350
costs ($1 per week)
plus
you will be charged $52 regardless of your
account balance.
PLUS Investment fees and AND, you will have deducted from your
0.52%
costs investment $260 in investment fees and costs.
AND, you will have deducted from your
PLUS Transaction costs 0.05%
investment $25 in transaction costs.
If your balance was $50,000 at the beginning of
EQUALS the year, then for that year you will be charged
Cost of product1 fees and costs of $387 for the superannuation
product.
1
Additional fees may apply. Assumes your balance of $50,000 is maintained throughout the year.
You will receive a tax benefit of $15.30 on the administration fees shown above which will reduce
the cost of product for the year after tax benefits to $371.70.

Changing your fees


We can change the fees we charge at any time without your consent. You’ll be given at
least 30 days’ notice before any increase in fees deducted directly from your account
takes effect.

Advice fees for personal advice


If you receive personal financial advice you may be charged a fee which would be
outlined before any work is completed and is subject to your agreement.

The Statement of Advice (or Record of Advice) provided by your Financial Adviser will
set out the fees you’ll pay. Personal financial product advice is provided under the Australian
Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd.
See how fees affect your super
Use the Superannuation calculator at moneysmart.gov.au to see how fees and costs affect
your final super balance.

You should read all the important information about fees and other costs, including
the cost of product for one year for all investment options, the additional explanation
of fees and costs and defined fees, before making a decision because it is important
to understand their impact on your investment – go to australiansuper.com/
FeesandCostsGuide The material relating to our fees and costs may change between
the time when you read this PDS and the day when you acquire the product.

9
7 How super is taxed
Tax on contributions
The tax paid on super contributions depends on the amount and type of contribution. Tax
is deducted after the contribution is received. There are limits on how much you can
contribute, and if you exceed these limits you may pay extra tax.
Type Tax on contributions in 2024/2025
If the total of your taxable income and your before-tax contributions is $250,000 or
less, 15% will be applied to contributions up to the before-tax contributions cap of
$30,000 (or up to your unused before-tax contributions cap for the previous 5 years).
If the total of your taxable income and your before-tax contributions is more than
Before-tax $250,000 per year, your before-tax contributions will be taxed at 30%, to that extent.
contribution
Contributions that exceed the cap will be taxed at your personal rate (less a 15% tax
offset), plus an interest charge.
You can choose to withdraw up to 85% of excess contributions, which won’t then count
towards your after-tax limit.
No tax on amounts up to the after-tax contributions cap of $120,000 a year (or up to
$360,000 over 3 years if certain conditions are met).
You can choose to withdraw any excess contributions plus 85% of its earnings. These
After-tax earnings will be taxed at your personal rate (less a 15% tax offset). If you don’t withdraw
contribution the excess contributions, they will be taxed at 47%1 in the Fund.
There may be restrictions on the after-tax contributions you can make if you already
have a very large balance in your super account/s.
Tax on investment earnings: Investment earnings are taxed at up to 15%. This tax is
deducted from the crediting rate of the relevant investment option, before investment
returns are credited to your account.
Tax on withdrawals: Your super is made up of two components: taxable and tax-free.
There’s no tax payable on the tax-free component. Lump sum withdrawals are generally
tax-free if you’re aged 60 or over. Tax on withdrawals is deducted before you receive
your payment (if applicable).
Tax on taxable component2 if you're under 60
2024/2025 - If you’re aged under 60, your lump sum withdrawal will be taxed at 22%1.

You should provide your Tax File Number (TFN). If we don’t have your TFN, your
before-tax contributions and withdrawals are taxed at a higher rate and we can’t
accept after-tax contributions from you.

Before making a decision, you should read the important information about:
how super is taxed. Go to Tax and super at australiansuper.com/TaxGuide
providing your TFN. Go to australiansuper.com/TFNGuide
The material relating to how super is taxed and providing your TFN may change
between the time when you read this PDS and the day when you acquire the product.

1
Includes the Medicare levy.
2
If your taxable component includes an untaxed element, additional tax may be applied to that element.

10
8 Insurance in your super
Most members receive basic age-based cover (also referred to as default cover) when
they join (age limits and conditions apply). This cover provides a basic level of protection
if you die, or become ill or injured.
Death cover – can provide a lump sum to your beneficiaries if you die.
Total & Permanent Disablement (TPD) cover – can provide a lump sum payment if you
become totally and permanently disabled and can no longer work.
Income Protection – can provide monthly payments to help you get by if you become
ill or injured (at work or outside of work) and can’t work.
If you have Death or TPD cover you’re also covered for terminal illness. A terminal illness
payment can help ease some of the financial stress if you’re suffering from a terminal
medical condition.
AustralianSuper insurance is provided by TAL Life Limited (the Insurer)
ABN 70 050 109 450 AFSL 237848.

Basic Death, TPD and Income Protection cover


Basic cover is age-based. Your cover amount and cost change as you get older. Once
you’re eligible for cover to start, you’ll pay for the cost of your cover. See page 14 for
basic cover amounts and costs.

When your basic cover starts


You’re eligible to receive basic cover automatically if you’re 25 or older; and your super
balance reaches $6,000; and you’ve received an employer super contribution after you
meet both age and balance requirements (other conditions apply).
Once you’re eligible, your basic cover will start as long as you have enough money in your
super account to cover the cost of the first month of insurance, on the latest of these
dates:
the date you turn 25, or
the date your balance first reaches $6,000, or
the date you started working for your employer, or
the start date of the payment period that applies to your first employer super contribution
(after you meet both age and balance requirements), or
120 days before we receive your first employer super contribution (after you meet both
age and balance requirements).
Your first payment may be higher than your ongoing monthly payments. That's because
it includes insurance costs from the date your cover started to the date of your first
payment deduction from your super account (which may be for a period that’s longer
than a month).
There are circumstances when your basic cover may start for a short period even though
you’ve cancelled it. The cost for this cover will be deducted from your super account after
your cover has been cancelled because costs are deducted one month in arrears.
Basic cover won’t start automatically if you’ve cancelled or opted out of basic cover, or
you’ve fixed your total cover amount.

11
Insurance costs are deducted monthly from your super account and they reduce
your retirement savings. If you don’t want your basic cover to start automatically
when you become eligible, you can opt out by cancelling it – even if it hasn’t
started yet.
Consider the impact of insurance costs on your retirement savings when you review
your insurance needs. See the Change or cancel your cover anytime section on
page 13 for more information.

Basic Income Protection may be unsuitable if you earn a low income and the age-based
cover amount is more than 85% of your salary. This is because you won’t be able to
claim for the full amount of cover you’re paying for.
If you have Income Protection and you're eligible, your benefit payments will be based on
your pre-disability income and other factors. Benefit payments can’t be greater than 85%
of your pre-disability income (up to 75% is paid to you and up to 10% to your super) and
they may be reduced by income you receive from other sources.

For more information about Income Protection including salary definitions, benefit
payment periods and waiting periods, see the Insurance in your super guide
at australiansuper.com/InsuranceGuide

Start your basic cover earlier


You can apply to start your basic cover earlier without providing detailed health information
for the Insurer to consider.
You’re eligible to apply to start your basic cover earlier once, without providing detailed
health information. You’ll need to apply before your cover starts, as long as you’ve never
opted out of, reduced, or cancelled cover; or applied to increase your cover, transfer cover
from another super fund or insurer, change your Income Protection waiting period and/or
benefit payment period, make a Life Events application or make any other changes to
your cover (except applying to change your individual work rating).
If you’ve already applied to make any of these changes (this includes declined or withdrawn
applications), or transfer between AustralianSuper divisions, you won’t be eligible.

How to apply to start your basic cover earlier


You can apply when you join online at australiansuper.com/join or by using the
Join AustralianSuper form in this PDS.
Or you can apply when you become a member by completing the Start your basic cover
form you receive with your welcome letter.
You’ll need to apply within 120 days of the date of your welcome letter.

12
Limited cover and standard exclusions
There are circumstances when your cover (including basic cover) may be limited
cover. Limited cover means you don’t have full cover yet and you won’t be covered for
any pre-existing illness or injuries you had before you got your insurance and it may last
for different lengths of time. You’ll be covered for an illness that becomes apparent, or an
injury that occurs on or after the date that your insurance starts or increases.
Full cover means your cover is not limited cover.
Standard exclusions apply to your cover which mean you will not be covered for death,
illness or injury as a result of certain events.

You should read the important information about limited cover and standard exclusions
before making a decision. Go to the Limited cover and standard exclusions section in
the Insurance in your super guide at australiansuper.com/InsuranceGuide The material
relating to limited cover and standard exclusions may change between the time when
you read this PDS and the day when you acquire the product.

Change or cancel your cover anytime


You can apply for, change or cancel insurance cover anytime by logging into your account
or completing the relevant form at australiansuper.com/InsuranceForms
You may need to provide detailed health information for the Insurer to consider. Some
changes you can make include:
applying for new cover (if you don’t have it)
fixing, reducing or applying to increase the amount of cover you have
applying to change your individual work rating
applying to transfer cover from another super fund or insurer
applying to change your Income Protection benefit payment period or waiting period.
Check how much cover you might need (if any) and what it might cost by using our
calculator at australiansuper.com/InsuranceCalculator
If you cancel your cover now you might not be able to get cover later. That’s because
you’ll need to reapply and provide detailed health information for the Insurer to consider.
About individual work ratings
A work rating classifies the usual activities of your job into one of three ratings: Blue Collar,
White Collar or Professional. Your individual work rating is one of the factors that
determines how much you pay for your insurance cover.
When you join AustralianSuper and have insurance cover, you pay what it costs to provide
you with cover based on our default individual work rating Blue Collar1.
Insurance cover with a Blue Collar work rating is the most expensive.
However you may be eligible for a White Collar or Professional work rating and to pay
less for your cover if you apply, and are accepted, for one of these work ratings.
Check by answering a few questions at australiansuper.com/WorkRatingTool

To apply to change your individual work rating, complete the work rating questions
when you join online at australiansuper.com/join or in the Join AustralianSuper form
in this PDS. Once you’re a member log into your account and go to Insurance, then
Manage insurance, Change cover and select Change your individual work rating to
apply. Or complete the Change your individual work rating form at australiansuper.com/
InsuranceForms

1
Due to past employer arrangements, some members may have a work rating of White Collar or
Professional.
13
Age-based cover amounts and costs
The age-based cover amounts available to you depends on your age. The cost of cover
is based on your age and individual work rating. This table shows the Death, TPD and
Income Protection age-based cover amounts and the weekly costs of that cover with a
Blue Collar individual work rating at various ages.
See the full cover amounts and costs in the Insurance in your super guide at
australiansuper.com/InsuranceGuide

Income Income
Death cover TPD cover
Death cover TPD cover Protection Protection
Age weekly cost weekly cost
amount ($) amount ($) amount ($) a weekly cost
($) ($)
month ($)
15 20,000 0.14 10,000 0.10 1,000 0.11
20 50,000 0.36 20,000 0.19 1,500 0.17
25 116,000 0.88 48,000 0.42 1,900 0.40
30 178,000 1.57 61,000 0.77 2,500 0.90
35 180,000 2.02 53,000 1.09 3,000 1.68
40 160,000 2.40 43,000 1.40 3,100 2.48
45 124,000 2.67 29,000 1.46 3,100 3.50
50 80,000 2.65 17,000 1.30 3,000 4.77
55 37,000 2.00 9,000 1.13 2,800 6.22
60 9,000 0.85 5,000 1.10 2,700 8.24
65 9,000 1.28 n/a n/a 2,400 10.08
69 9,000 1.47 n/a n/a 2,200 6.84
Total weekly costs are quoted gross of tax. Costs are rounded.

What’s included in the cost of cover?


Insurance costs include costs paid to the Insurer (inclusive of stamp duty). They also
include a cost incurred by AustralianSuper for administering insurance arrangements,
which amounts to 4.6% of the total weekly insurance cost. This applies to basic cover and
any additional cover you apply for. For more information on the weekly cost of cover, see
the Insurance in your super guide at australiansuper.com/InsuranceGuide

Your eligibility to claim for benefits will be determined in line with the insurance policy
terms and conditions.
You should read the important information about insurance before making a decision.
Go to the Insurance in your super guide at australiansuper.com/InsuranceGuide
It details terms and conditions about insurance, including costs, your eligibility for
cover, how much you can apply for, what you’re covered for, when it starts and stops,
active employment, limited cover and exclusions, and your insurance options.
The material relating to insurance may change between the time when you read this
PDS and the day when you acquire the product.

14
9 How to open an account
There are two ways you can join us.

Join online Send us an application form


Set up your account the way you Complete the Join AustralianSuper
OR
want – straight away! form provided with this PDS.
Go to australiansuper.com/join

You can change your mind about us


If you’ve chosen AustralianSuper (instead of your employer signing you up) and you
change your mind, a 14 day ‘cooling off’ period applies. This period starts from the earlier of:
the date we confirm your AustralianSuper account has been established, or
five business days after the date your account with AustralianSuper was established.
If you’d like to cancel your membership during this period, please write to us at
GPO Box 1901, Melbourne VIC 3001 or australiansuper.com/email
If you cancel your membership during this period, we’ll transfer your account to an
approved fund of your choice. Any contributions tax we’ve paid on your behalf will be
deducted beforehand. We’ll also deduct any fees due.
Your account will attract investment returns (positive or negative), in line with how we
apply crediting rates. See australiansuper.com/InvestmentGuide for more details.
Cancelling your membership during this period means you won’t be entitled to any
insurance benefits.
How to make a complaint
We work hard to ensure you won’t have cause to make a complaint, but if you do, you
can discuss it with us by calling 1300 300 273 (8am to 8pm AEST/AEDT weekdays) or
by emailing your complaint to us at complaints@australiansuper.com or via our website
at australiansuper.com/email
We aim to have all complaints resolved within 45 days. If your complaint isn’t resolved by
our internal complaints procedure within these timeframes you can refer it to the Australian
Financial Complaints Authority (AFCA) using the following contact details:
Phone: 1800 931 678, Email: info@afca.org.au, or Mail: Australian Financial Complaints
Authority, GPO Box 3, Melbourne VIC 3001.
Visit australiansuper.com/contact-us for full details of our complaints process and other
ways you can send through your complaint.
We respect your privacy
Protecting your personal information is important to us. Our Privacy Policy outlines the
type of information we keep about you. It also explains how we – and any organisations
we appoint to provide services on our behalf – will use this information.
For more information on privacy, go to australiansuper.com/privacy
Temporary residents permanently leaving
If you’re a temporary resident permanently leaving Australia, you have six months to claim
your super from us before we have to transfer it to the Australian Taxation Office (ATO).
Once we’ve transferred your super, you’ll need to contact the ATO directly to claim it.
Go to ato.gov.au
Under Australian Securities and Investments Commission relief, we don’t have to give you
an exit statement if we transfer your super to the ATO in these circumstances.

15
We’re here
to help
Call 1300 300 273
(8am to 8pm AEST/AEDT weekdays)

Email or message us
australiansuper.com/contact-us

NDING VA
STA L
UT
UE
O

2023
UP
N

IO
S

ER
A NNUAT

Reader's Digest Most Trusted Brands – Superannuation category winner for 12 years
running 2013–2024, according to research conducted by independent research agency
Catalyst Research. Read the full methodology - trustedbrands.com.au/#methodology
AustralianSuper received the Canstar Outstanding Value Award for Superannuation
in 2024 - canstar.com.au/star-rating-reports/superannuation Awards and ratings
are only one factor to be taken into account when choosing a super fund.

1266.0 09/24 ISS24


Forms to open and set up
your account

Many people find it quicker and easier to open their account online at australiansuper.com/join
or you can use these forms to open and get the most out of your account.

I want to…

Complete this form in full to join AustralianSuper and to start or make changes
Join AustralianSuper
to your basic insurance cover1.

Pay my super into If you have an employer who makes super contributions for you, complete the
AustralianSuper Pay my super into AustralianSuper form included in this booklet and give it to them.

Complete the Combine your super form to transfer your other super account to
Combine my super AustralianSuper. If you want to combine from more than one super account into
into AustralianSuper your AustralianSuper account, you can make photocopies of the form or combine
online at australiansuper.com/combine

Make a binding Complete the Binding death benefit nomination (for super accounts) form to
nomination for my instruct AustralianSuper how to pay your death benefit if you die. For more
super account information on binding nominations and to download the form, please visit
australiansuper.com/beneficiary

If you need any help to fill out any of these forms, please call us on 1300 300 273 between 8am and 8pm
AEST/AEDT weekdays.

Don’t like forms? Join online at australiansuper.com/join

Privacy Collection Statement


Please read this Privacy Collection Statement to see how AustralianSuper uses your personal information.
AustralianSuper Pty Ltd (ABN 94 006 457 987) of GPO Box 1901, Melbourne, Victoria, 3001, collects your personal information (PI) to
operate, and administer your super account (including insurance) or retirement income account, improve our products and services and keep
you informed. If we can't collect your PI we may not be able to perform these services. PI is collected from you but sometimes from third
parties like your employer and your financial adviser (if applicable). We will only share your PI where necessary to perform our activities with
our administrator (Australian Administration Services Pty Ltd, being a part of MUFG Pension & Market Services Holdings Ltd), our insurer
(TAL Life Limited, ABN 70 050 109 450, AFSL 237848), service providers, as required by law or court/tribunal order, or with your permission.
Your PI may be accessed overseas by some of our service providers and, where applicable to your circumstances, by third-party service
providers of your financial adviser. Our Privacy Policy details how to access and change your PI, as well as our privacy complaints process.
For complete details go to australiansuper.com/privacy or call us on 1300 300 273.

1
AustralianSuper insurance is provided by TAL Life Limited (the Insurer), ABN 70 050 109 450, AFSL 237848.
Issued by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788 Trustee of AustralianSuper ABN 65 714 394 898. 1266.0 IND JOIN 09/24 ISS24
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Issued by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788 Trustee of AustralianSuper ABN 65 714 394 898.
Join AustralianSuper
Please complete in pen using CAPITAL letters and print (✗) to mark boxes where applicable.

1 Provide your personal details


Last name Mr Mrs Ms Miss Dr
X X X X X
First name/s

Date of birth Male Female


D D M M Y Y Y Y X X
Tax File Number Existing member number (if applicable)

We’re authorised under the Superannuation Industry (Supervision) Act 1993 to collect, use and disclose your Tax File
Number (TFN). It's optional to provide your TFN, but if we have it, we’ll be able to accept all types of contributions from
you, you won’t pay more tax than you need to, and it’ll be easier to find your super. If you transfer your super to another
fund, we’ll give them your TFN unless you tell us not to in writing. Visit australiansuper.com/TFNGuide for more details.

Street address

Suburb State Postcode

Postal address (if different)

Suburb/Town State Postcode

Telephone (business hours) Telephone (after hours) Mobile

Email

2 Your employer's details


Are you self-employed as a sole trader or partner in a partnership, not currently in paid employment or in paid employment
but would not have employer super contributions paid into this account?

X Yes You’re not eligible to join this division of AustralianSuper, please download the Personal Plan Product
Disclosure Statement and join form at australiansuper.com/PDS or call us on 1300 300 273 for a copy.
X No Please complete your employer’s details below.
Employer's trading name

Street address

Suburb State Postcode

Employee number (if applicable) Telephone (business hours) Employer ABN (if known)

Issued by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788 Trustee of AustralianSuper ABN 65 714 394 898.
A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for.
Find the TMDs at australiansuper.com/tmd 1266.0 IND JOIN 09/24 ISS24 page 1 of 5
3 Nominate your beneficiaries
Provide details of your legal personal representative or any dependants1 who may be entitled to your super (including any
insurance benefit) if you die. For information on binding nominations please visit australiansuper.com/beneficiary

Relationship Benefit
Full name Address
to you proportion %

1
As defined by Superannuation law. Total must add up to 100.00%

When you use this form to nominate beneficiaries, you’re telling us which of your dependants you’d like us to
pay your super (and any insurance benefit) to if you die. We’re not bound by your nomination, but we use this
information as a guide to work out who to pay your benefit to.

4 Change your insurance (optional)


You're eligible to receive basic (age-based) Death, Total & Permanent Disablement (TPD) and Income Protection cover
automatically if you’re 25 or older; and your super balance reaches $6,000; and you’ve received an employer super contribution
after you meet both age and balance requirements (other conditions apply). This is detailed in section 8 of the Product
Disclosure Statement.
Complete this section to make changes to your cover. You can cancel some or all of your cover, apply to start your basic cover
earlier, and apply to change your individual work rating.
Basic cover won’t start automatically if you’ve cancelled or opted out of basic cover, or you’ve fixed your total cover amount.
If you're receiving employer super contributions, you can apply to start your basic cover earlier, even if you haven't met both
age and balance requirements. We'll confirm when your basic cover will start once we've processed your application. The cost
of your cover will be deducted monthly from your super account from the date your cover starts.
If you don’t want cover to start automatically when you turn 25 or when your super balance reaches $6,000, you can opt out
by cancelling it (go to section 4.2).

Start your basic cover earlier


You're eligible to apply to start your basic cover earlier once, without providing detailed health information for
the Insurer to consider (section 4.3).
You'll need to apply before your cover starts, as long as you've never opted out of, reduced, or cancelled cover; or applied
to increase your cover, transfer cover from another super fund or insurer, change your Income Protection waiting period
and/or benefit payment period, make a Life Events application or make any other changes to your cover (except applying
to change your individual work rating).
If you've already applied to make any of these changes (this includes declined or withdrawn applications), or transfer
between AustralianSuper divisions, you won't be eligible.
If you don't want all cover types, you can cancel the cover type(s) you don't want (go to section 4.2).

Want more cover?


You can apply for more cover anytime. You'll need to provide detailed health information for the Insurer to consider.
To apply, log into your account and go to Insurance or download and complete the Change your insurance form at
australiansuper.com/InsuranceForms
Need more time to think about insurance?
If you don’t want to change your basic insurance now, skip to section 5. You’ll still be able to apply to start your basic cover
earlier without providing detailed health information for the Insurer to consider, at a later date. We’ll write to you with details.
Before you change your cover
You should read the Insurance in your super guide. It contains important information about insurance, including costs, your
eligibility for cover, how much you can apply for, when cover starts and stops, active employment, limited cover and exclusions.
Download a copy at australiansuper.com/InsuranceGuide
Your eligibility to claim for benefits will be determined in line with the insurance policy terms and conditions.

Insurance cover will only be provided in line with the insurance policy terms and conditions as agreed between
AustralianSuper and the Insurer. Those terms and conditions may change from time to time and AustralianSuper
will notify you of those changes where required by law.

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4.1 Duty to take reasonable care
The duty to take reasonable care
When you apply for insurance, you are treated as if you are applying for cover under an individual consumer insurance contract.
A person who applies for cover under a consumer insurance contract has a legal duty to take reasonable care not to make a
misrepresentation to the Insurer before the contract of insurance is entered into.
A misrepresentation is a false answer, an answer that is only partially true, or an answer which does not fairly reflect the truth.
This duty also applies when extending or making changes to existing insurance, and reinstating insurance.
If you do not meet your duty
If you do not meet your legal duty, this can have serious impacts on your insurance. Under the Insurance Contracts Act 1984 (Cth)
there are a number of different remedies that may be available to the Insurer. They are intended to put the Insurer in the position
it would have been in if the duty had been met. For example, the Insurer may:
• avoid the cover (treat it as if it never existed);
• vary the amount of the cover; or
• vary the terms of the cover.
Whether the Insurer can exercise one of these remedies depends on a number of factors, including:
• whether reasonable care was taken not to make a misrepresentation. This depends on all of the relevant circumstances;
• what the Insurer would have done if the duty had been met – for example, whether it would have offered cover, and if so,
on what terms;
• whether the misrepresentation was fraudulent; and
• in some cases, how long it has been since the cover started.
Before any of these remedies are exercised, the Insurer will explain the reasons for its decision, how to respond and provide
further information, and what you can do if you disagree.
Guidance for answering the questions in this form
You are responsible for the information provided to the Insurer. When answering questions, please:
• Think carefully about each question before you answer. If you are unsure of the meaning of any question, please ask us
before you respond.
• Answer every question.
• Answer truthfully, accurately and completely. If you are unsure about whether you should include information, please include it.
• Review your application carefully before it is submitted. If someone else helped prepare your application (for example, your
adviser), please check every answer (and if necessary, make any corrections) before the application is submitted.
Please note that there may be circumstances where the Insurer later investigates whether the information given to it was true.
For example, it may do this when a claim is made.
Changes before your cover starts
Before your cover starts, the Insurer may ask you whether the information that has been given as part of your application for
insurance remains accurate or whether there has been a change to any of your circumstances. As any changes might require
further assessment or investigation, it could save time if you let us or the Insurer know about any changes when they happen.
If you need help
It’s important that you understand your obligations and the questions that are being asked. Please contact us for help if you
have difficulty understanding the process of obtaining insurance or answering any questions.
Please also let us know if you’re having difficulty due to a disability, understanding English or for any other reason – we’re here
to help and can provide additional support.

4.2 Cancel your cover


Complete this section to cancel one or more cover types. You won't be insured for any cover you cancel from the date your
cancellation is received by AustralianSuper or the Insurer (as applicable). This means for the type of cover you cancel:
• Your basic cover won’t start automatically even if you meet both age and balance requirements in the future.
• You (or your beneficiaries) won’t be able to make an insurance claim if you suffer an illness or injury or you die after the cancellation.
• The cost of cover won't be or will stop being deducted from your super account (costs are deducted one month in arrears).
• You might not be able to get cover later. That’s because you’ll need to apply for that cover in the future and provide detailed
health information for the Insurer to consider.
If you’re replacing this cover with another insurance policy, you should wait until the other super fund or insurer confirms your
cover has started before you cancel. You should consider getting financial advice to help work out if cancellation is right for you.
As an AustralianSuper member, you also have access to a choice of help and advice options from simple, personal advice over the
phone, to more comprehensive, broader advice with a financial adviser1. Go to australiansuper.com/advice for more information.

Print (✗) next to each type of cover you wish to cancel. X Death X TPD X Income Protection

1
 ersonal financial product advice is provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd. Some personal
P
advice may attract a fee, which would be outlined before any work is completed and is subject to your agreement. With your approval, the fee for advice relating to your
AustralianSuper account may be deducted from your super account subject to eligibility criteria.

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4.3 Start your basic cover now
Complete this section to start your basic cover. If you're receiving employer super contributions, you can apply to start your
basic cover, even if you haven't met both age and balance requirements.
We'll confirm when your basic cover will start once we've processed your application. See the Insurance in your super guide for
when cover starts.
The cost of your cover will be deducted monthly from your super account from the date your cover starts.

Print (✗) to start your basic cover now.


X You'll receive basic (age-based) Death, TPD and Income Protection cover.

If you don't want all of your basic cover to start, you can cancel part of your cover (section 4.2).

4.4 Start your basic cover later


This is our default option. There's no action required if you’d like your basic cover to start later – once you're 25 or older and
your super balance has reached $6,000; and you’ve received an employer super contribution after you meet both age and
balance requirements (other conditions apply).

4.5 Change your individual work rating


A work rating classifies the usual activities of your job into one of three ratings: Blue Collar, White Collar or Professional. Your
individual work rating is one of the factors that determines how much you pay for your insurance cover.
When you join AustralianSuper and have insurance cover, you pay what it costs to provide you with cover based on our default
work rating, Blue Collar. Insurance cover with a Blue Collar work rating is the most expensive.
Complete the questions below to apply to change your individual work rating to White Collar or Professional.

1. Are the usual activities of your main job ‘white collar’? Yes X No X
This means:
• you spend more than 80% of your job doing clerical or administrative activities in an office-based
environment, or
• you’re a professional using your university qualifications in a job that has no unusual work hazards
(some examples of unusual work hazards include: working underground, working underwater, working
at heights or working in the air).
2. Do you earn $100,000 or more a year (excluding Superannuation Guarantee (SG) contributions) from
your job(s)? Yes X No X
This amount is pro rata for part time employment (for example, if you work part time 4 days a week
and earn $96,000 a year, your pro rata/full time equivalent is $120,000).
3. Do you have a university qualification? Yes X No X
4. Do you have a management role in your company? Yes X No X

5 Your investment choice


When you join AustralianSuper by completing this form, you’ll automatically be invested in the default Balanced option – our
MySuper authorised product.
If you’d like to move your money into a different investment option or options, it won’t cost you anything to switch. Just log
into your account or the mobile app and click Investments or complete and return the Investment choice form available at
australiansuper.com/forms

For more information about our investment options, download our Investment Guide at
australiansuper.com/InvestmentGuide

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6 Give your financial adviser access to your account details
Completing this section of the form will give your financial adviser and their staff access to your account details.
If you have previously granted a financial adviser access to your account details, providing details of a new adviser here will
remove access for the previous adviser.
Full name of financial adviser1

Name of business

Adviser email address1

Telephone ASIC Financial adviser representative number1 Licensee AFSL number1

1
Mandatory fields

7 Declaration and acknowledgment


This section must be completed in all circumstances.
I declare that: – m
 arketing communications, including about third-party
• I've read and understood the information on this application, products and services.
including the Duty to take reasonable care. I understand If important legal disclosures are made available on
that the answers I’ve provided, together with any special my account online, the AustralianSuper website or the
conditions will form the basis of the Insurer’s decision. AustralianSuper Mobile App, I agree that AustralianSuper
• The answers I've provided are true, complete and correct. will notify me of this by email or SMS where required.
I understand that I can change my communication
• I’m aware that a document that outlines the target market preferences at any time by calling AustralianSuper on
each AustralianSuper product is designed for is available at 1300 300 273 or through the Communication preferences
australiansuper.com/tmd section of my account online or the Manage preferences
• I’ve read and understood the Product Disclosure section of the AustralianSuper Mobile App.
Statement that came with this form and the
I acknowledge that:
Insurance in your super guide for my division at
australiansuper.com/InsuranceGuide and understand that • The information requested on this form (unless otherwise
the additional information referred to in the guide is also stipulated) is required in order for AustralianSuper to
part of the Product Disclosure Statement. accept my application for membership and for the ongoing
administration of my membership by AustralianSuper’s fund
• I'm aware that the Trust Deed and Rules governing
administrator and other service providers.
AustralianSuper (including the rights and obligations of
members) are available at australiansuper.com/TrustDeed • If I'm applying to start my basic cover before I meet both
age and balance requirements:
• I’ve read the Privacy Collection Statement at the front of
this booklet and I understand how AustralianSuper will use – the cost of my cover will be deducted monthly from
my personal information. my super account once it starts.
– for cover that's been accepted by the Insurer,
• By providing my email address and/or mobile number,
AustralianSuper will confirm when it will start.
I acknowledge and agree that, where possible,
AustralianSuper will provide the following information to • Any cover I've cancelled will stop from the date my
me digitally: cancellation is received by AustralianSuper or the Insurer
(as applicable).
– important legal disclosures (including annual statements,
significant event notices and transaction confirmations); • If I haven't applied to change my individual work rating,
there won't be a change to my individual work rating.
– o
 ther information about AustralianSuper’s products and
services; and • A photocopy of this authorisation is as valid as the original.

Sign here
Date
D D M M Y Y Y Y
Print full name

A summary of AustralianSuper’s Privacy Collection Statement is at the front of this booklet. Our Privacy Collection
Statement and Privacy Policy may change from time to time. The latest versions will be available online at
australiansuper.com/CollectionStatement and australiansuper.com/privacy
For information on the Insurer’s privacy and information-handling practices, read their Privacy Policy Statement at
tal.com.au/privacy or call 1300 302 961 for a copy.

Please upload a scanned copy of your completed form


to us via our website at australiansuper.com/email
or post it to AustralianSuper, GPO Box 1901, MELBOURNE VIC 3001
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Issued by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788 Trustee of AustralianSuper ABN 65 714 394 898.
Pay my super into AustralianSuper
Give this completed form to your employer. Don’t send it to us or the Australian Taxation Office.

Please complete in pen using CAPITAL letters and print (✗) to mark boxes where applicable.

1 Member to complete
Please complete your details below and provide this form to your employer if you want them to pay your super into your
AustralianSuper account.

Employee details

Employee name:

AustralianSuper account name:

Member number: Date of request: D D M M Y Y Y Y

Sign here
Date
D D M M Y Y Y Y
Print full name

Give this form to your employer. Don’t send it to us or the Australian Taxation Office.

2 Information for the employer


Your employee has requested you pay their super into their AustralianSuper account. This form is an allowable alternative to
the ATO Superannuation standard choice form.
AustralianSuper is a complying, resident and regulated super fund and can accept all types of super contributions within the
meaning of the Superannuation Industry (Supervision) Act 1993 and is not subject to a direction under section 63 of that
Act. AustralianSuper is a registrable superannuation entity and may be nominated as a default fund, as it meets the minimum
statutory insurance cover requirements. The Trustee of the Fund is AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788.

Fund details
A U S T R A L I A N S U P E R
Fund name:
S T A 0 1 0 0 A U
Unique Superannuation Identifier (USI):
6 5 7 1 4 3 9 4 8 9 8
Australian Business Number (ABN):
1 3 0 0 3 0 0 2 7 3
Fund telephone number:

How to make payments into AustralianSuper


QuickSuper1 is our online payment solution that gives you the choice of making one payment for all your employees —
regardless of the super fund they belong to. It’s suitable for all types of businesses and there is no additional cost to use.
You can register for QuickSuper at australiansuper.com/PaySuper2. You’ll need to have your company details and
AustralianSuper employer number handy. If you don’t have an AustralianSuper employer number, you can join us at
australiansuper.com/join
Employee number if known: Date employee’s request received: Date employee’s request actioned:
D D M M Y Y Y Y D D M M Y Y Y Y

Call us on 1300 300 273 if you need help understanding your employer super obligations or making
payments for your employees.

1
 uickSuper is a registered trademark and a product owned and operated by Westpac Banking Corporation ABN 33 007 457 141. Westpac’s terms and conditions
Q
applicable to the QuickSuper service are available after your eligibility for the clearing house service is assessed by AustralianSuper. A Product Disclosure Statement (PDS)
is available from Westpac upon request. AustralianSuper doesn’t receive any commissions from Westpac if employers use this service. AustralianSuper doesn’t accept
liability for any loss or damage caused by use of the QuickSuper service, except to the extent that loss or damage is caused by any fraud, negligence or wilful misconduct
by AustralianSuper (or its agents, employees, officers or contractors). This does not exclude, restrict or modify, or have the effect of excluding, restricting or modifying
AustralianSuper's liability for breach of a statutory warranty or condition implied by law, including Australian consumer protection laws. You can choose to make your
contributions using a different service, but it needs to meet the government’s minimum data standards, visit ato.gov.au
2
 ou can choose to submit your contributions using a different service, but it needs to meet the government’s minimum data standards as legislated in the Stronger Super
Y
reforms. You can find out more by visiting ato.gov.au/Business/Super-for-employers/Paying-super-contributions

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Issued by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788 Trustee of AustralianSuper ABN 65 714 394 898.
Combine your super
Request to transfer (rollover) the whole or a partial balance of your other super account to AustralianSuper

Please complete in pen using CAPITAL letters and print (✗) to mark boxes where applicable. Form must be completed in full.
If you want to combine super from multiple accounts, you'll need to complete a separate form with original signatures for each
account you wish to combine. Alternatively you can combine multiple accounts online at australiansuper.com/combine

1 Fill in your personal details


Last name Mr Mrs Ms Miss Dr
X X X X X
First name/s Date of birth
D D M M Y Y Y Y
Other/previous names

Street address

Suburb State Postcode

Previous street address (if details with your FROM fund are different to those above)

Suburb State Postcode

Telephone (business hours) Telephone (after hours) Mobile

Male Female Email


X X

2 Provide super account details


FROM:
X Other super fund
Fund name

Fund phone number Member or account number

Australian Business Number (ABN) Unique Superannuation Identifier (USI)

X Self-managed super fund (SMSF)


SMSF name Australian Business Number (ABN)

Electronic Service Address (ESA)

TO: Fund name Member number Phone number


AUSTRALIANSUPER 1 3 0 0 3 0 0 2 7 3
Australian Business Number (ABN) Unique Superannuation Identifier (USI)
6 5 7 1 4 3 9 4 8 9 8 S T A 0 1 0 0 A U

3 Is this a whole or partial balance transfer?


X Whole – I’d like to transfer the whole balance of this account. This means you’re asking us to close your other super account.
X Partial – I’d like to transfer a nominated amount: $ , , .00

Before combining (consolidating) super from your other super account, you should consider any fees and costs that may apply
and the effect a transfer may have on benefits in your other fund such as insurance cover. If you want to transfer insurance cover
you have with your other super account to AustralianSuper, you'll need to transfer it before you combine your super. Download
an Insurance transfer form at australiansuper.com/InsuranceForms If you wish to claim a tax deduction for personal super
contributions, you must lodge a notice of intent to claim a tax deduction with your other fund, before you combine your super.

Issued by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788 Trustee of AustralianSuper ABN 65 714 394 898. 1266.0 IND JOIN 09/24 ISS24 page 1 of 2
4 Your tax file number
X Use my Tax File Number (TFN) to process my super transfer.
Enter your TFN here
By giving us your TFN, you are authorising us to give this information to your other super fund. They'll confirm your ID with
the Australian Taxation Office. It’s optional to provide your Tax File Number (TFN) but there are several advantages if you do.
See 'Providing your TFN' below for more information.

5 Sign this form


By signing this request form I'm making the following statements: • By providing my email address and/or mobile number, I
• I'm aware I may ask my super provider for information acknowledge and agree that, where possible, AustralianSuper
about any fees or charges that may apply, or any other will provide the following information to me digitally:
information about the effect this transfer may have on my – important legal disclosures (including annual statements,
benefits such as insurance cover, and do not require any significant event notices and transaction confirmations);
further information. – other information about AustralianSuper's products and
• I discharge the super provider of my FROM fund of all further services; and
liability in respect of the benefits paid and transferred to – marketing communications, including about third-party
AustralianSuper. products and services.
If important legal disclosures are made available on
• I authorise AustralianSuper (or its agents) to contact my
my account online, the AustralianSuper website or the
other super fund regarding this request to combine my
AustralianSuper Mobile App, I agree that AustralianSuper
super from that fund into my AustralianSuper account only.
will notify me of this by email or SMS where required.
• I'm aware that once my completed form is received by I understand that I can change my communication
AustralianSuper, it will usually be processed within three preferences at any time by calling AustralianSuper on
business days. 1300 300 273 or through the Communication preferences
• I've read the Privacy Collection Statement below and I section of my account online or the Manage preferences
understand how AustralianSuper will use my personal section of the AustralianSuper Mobile App.
information. I request and consent to the transfer of super as described
• To the best of my knowledge, the information I've provided within this form and authorise the super provider of each
on this form is correct. fund to give effect to this transfer.

Sign here
Date
D D M M Y Y Y Y
Print full name

Important information • change the fund to which your employer


1. You can't nominate a balance transfer date. The balance pays your contributions
transfer will start within three business days of the date • open a new super account, or
we receive your completed application. • transfer benefits under certain conditions or
2. If you want to transfer any insurance cover you have with your circumstances, for example if there is a superannuation
other super fund to AustralianSuper, you’ll need to transfer agreement under the Family Law Act 1975 in place.
it before you combine your super. Download an Insurance
transfer form at australiansuper.com/InsuranceForms Providing your TFN
3. If you're making a whole balance transfer, check any We’re authorised under the Superannuation Industry (Supervision)
remaining employer contributions have been received and Act 1993 to collect, use and disclose your Tax File Number
no future payments will be made into your FROM account. (TFN). It's optional to provide your TFN, but if we have it, we’ll
be able to accept all types of contributions from you, you
4. This form doesn't: won’t pay more tax than you need to, and it’ll be easier to find
• transfer super benefits if you don’t know where your super is your super. If you transfer your super to another fund, we’ll
• transfer benefits from multiple funds on one form – you give them your TFN unless you tell us not to in writing. Visit
must use a separate form for each fund you wish to transfer australiansuper.com/TFNGuide for more details.

Privacy Collection Statement


Please read this Privacy Collection Statement to see how AustralianSuper uses your personal information.
AustralianSuper Pty Ltd (ABN 94 006 457 987) of GPO Box 1901, Melbourne, Victoria, 3001, collects your personal information (PI) to operate,
and administer your super account (including insurance) or retirement income account, improve our products and services and keep you
informed. If we can't collect your PI we may not be able to perform these services. PI is collected from you but sometimes from third parties
like your employer and your financial adviser (if applicable). We will only share your PI where necessary to perform our activities with our
administrator (Australian Administration Services Pty Ltd, being a part of MUFG Pension & Market Services Holdings Ltd), our insurer (TAL Life
Limited, ABN 70 050 109 450, AFSL 237848), service providers, as required by law or court/tribunal order, or with your permission. Your PI
may be accessed overseas by some of our service providers and, where applicable to your circumstances, by third-party service providers of
your financial adviser. Our Privacy Policy details how to access and change your PI, as well as our privacy complaints process. For complete
details go to australiansuper.com/privacy or call us on 1300 300 273.

To combine other super accounts into AustralianSuper, go to australiansuper.com/combine

Please upload a scanned copy of your completed form


to us via our website at australiansuper.com/email
or post it to AustralianSuper, GPO Box 1901, MELBOURNE VIC 3001
Questions? Call 1300 300 273 or visit australiansuper.com 1266.0 IND JOIN 09/24 ISS24 page 2 of 2

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