TTR Income

Product Disclosure Statement

8 June 2022

Issued by AustralianSuper Pty Ltd

 ABN 94 006 457 987 AFSL 233788
Trustee of AustralianSuper 
ABN 65 714 394 898 USI STA0002AU
LOCKED BAG 6, CARLTON SOUTH VIC 3053
2.64 million Australians trust us
to look after $261 billion* of their
retirement savings.
With our history of strong long-term
returns†, our low fees‡ and member-
first approach, we can help you
achieve your best financial position
in retirement.

* As at 31 December 2021.

† AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate Survey – SR50
Balanced (60–76) Index to 31 March 2022. Investment returns are not guaranteed. Past performance is not a
reliable indicator of future returns.
‡ Chant West Pension Fund Fee Survey at 31 December 2021. Based on $250,000 invested in the AustralianSuper
Balanced option.
In this guide
This guide tells you everything you need to know about using a
transition to retirement (TTR) strategy and AustralianSuper’s TTR
Income account. It doesn’t include details about Choice Income.
If you have reached preservation age and fully retired, turned 65 or
changed jobs on or after turning 60, you should refer to the Choice Income
Product Disclosure Statement at australiansuper.com/RetirementGuide
1. The basics
How TTR Income works 5
Benefits of a TTR Income account 6
Your TTR options 7
Things to consider before opening a TTR Income account 8
Setting up with Smart Default 10
Choosing your own options 11
2. Getting down to the details
Investment risks, options and policies 12
Asset classes 14
Understanding your investment options 16
Your PreMixed investment options 18
Your DIY Mix investment options 20
Compare our past performance 22
Environmental, social and governance management 23
Fees and other costs 24
Additional explanation of fees and costs 26
Tax rates and TTR Income accounts 30
Payments 32
Nominating beneficiaries 34
3. The next steps
How to join 36
How to make a complaint 37
4. Forms 38

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. You should consider that 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 made available on request at no extra charge. This PDS provides general information only and doesn’t
take into account your personal objectives, situation or needs. You should obtain financial advice tailored
to your personal circumstances.

Other information
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
You can find important information, including our Trust Deed, Annual Report and remuneration for
executive officers, at australiansuper.com

4
1. The basics
When you reach preservation age and you’re still working you
can start a transition to retirement (TTR) strategy to access some
of your super. To do this you need a super account and a TTR
Income account.

The two accounts work together and may reduce the overall tax you pay while helping boost your
super savings.
Since you’re still working, employer contributions mean your super balance continues to grow. And at
the same time, you can receive money directly into your bank account from your TTR income account.
Initially, you’ll use funds from your super account to open your TTR Income account. Once your TTR
Income account is set up, your two accounts will work together and help you transition to retirement.

Here’s how TTR Income works

1 2 3
Your employer and you Transfer some super to open  Draw up to 10% of your 
continue adding money to a TTR Income account. To keep TTR Income balance to top
your super account. your super account open leave up your take home pay.
at least $6,000 in it.

Contributions

One-off transfer of Draw regular payments

at least $25,000 (up to 10%)

PAYMENTS

Super TTR Income Your bank

account account account

TTR Income fast facts

• Once you’ve opened a TTR Income account, you can’t add more money by law. Contributions can
be made to your super account.
• By law, you can get income payments of up to 10% of your TTR Income account balance each year.
When you turn 65 (or when you retire, or change jobs after turning 60) this limit no longer applies.
• Your super and TTR Income accounts stay invested.

5
Benefits of a TTR Income account
Opening a TTR Income account allows you to access
some of your super while you’re still working.

In the years before retirement, you may be able to:

Work less
work fewer hours
access your
super* to top up
your reduced
take-home pay
PAYMENTS

Save more
grow your while taking home
super faster a regular income
pay less tax

Benefits could be:

growing your super faster, if you’re 60 or over,
paying less tax, if you’re 60 or over, or
using part of your super* as a regular income as you reduce your working hours.

* Government prescribed minimums and maximums apply. See page 32 for details.

A transition to retirement (TTR) strategy can be complex and isn’t suited to everyone. To find out
if it’s right for you, call 1300 300 273 or visit our online learning module australiansuper.com/TTR

6
Your TTR options
You only need $25,000 to open a TTR Income account
and you can use it to work less or save more*.

You can start a transition to retirement strategy in two ways:

Three steps to work less with a TTR strategy

$ $ $

PAYMENTSPAYMENTS
PAYMENTS

1 2 3
Cut down on your work hours to Top up your reduced take-home Keep contributing to your
do more of the things you love pay with payments from your  super while you’re still working
TTR Income account

Three steps to save more with a TTR strategy

$ $
15%
15%
PAYMENTS
PAYMENTS
PAYMENTS
CONTRIBUTIONS
CONTRIBUTIONS
CONTRIBUTIONS

1 2 3
Salary sacrifice into your super Top up your take-home p  ay Keep growing your super with
account and save on tax with payments (tax free if contributions and tax savings
you’re over 60) from your while you’re still working
TTR Income account

* Save more is only likely to be tax effective once you turn 60. See page 30 for more information.

Learn more about the benefits of TTR or view our case studies at australiansuper.com/TTR

7
Things to consider before opening a TTR Income account
A transition to retirement (TTR) strategy can be complex and isn’t
suited to everyone, so it’s important to consider if it’s right for you
and get advice before making a decision.

How much you need to open Moving to a Choice Income account when
a TTR Income account you change jobs after 60, reach preservation
You need to have a minimum balance of $25,000 age and retire* or turn 65
in your TTR Income account and you must leave a If you change jobs after 60 or reach preservation
minimum balance of $6,000 in your AustralianSuper age and retire,* tell us, and we’ll move your TTR
super account if you would like to keep it open. Income account into Choice Income. When you
Find out more about the minimum balance for turn 65, you don’t need to do anything as this will
your super account, at happen automatically.
australiansuper.com/AccessYourSuper To let AustralianSuper know that your working
circumstances have changed, complete the Tell us
Combine your super before you when you retire or change jobs after turning 60
open your account form available at australiansuper.com/forms
Once you’ve opened a TTR Income account, you below the Retirement tab. We’ll write to you when
can’t add more money to it. It may be a good idea to your account becomes Choice Income.
combine your retirement savings into your existing
super account beforehand, so you have all your Your account details remain the same and there
money in one place. Make sure you search for any are no changes to the fees you pay, your payment
lost super you may have as well, through your online accounts or how your savings are invested.
account at australiansuper.com/login This will A Choice Income account lets you:
ensure that your funds are earning any potential • make one-off withdrawals of $1,000 or more
investment returns while your new TTR Income at any time
account is being set up. • increase your payments (there’s no maximum
Before making a decision to combine your super, amount you can withdraw, however the minimum
you should ask your super provider about any fees amount of income you need to receive from your
or charges that may apply, or any other information account still applies)
about the effect this transfer may have on your • invest in our Member Direct investment option.
benefits, such as insurance cover.
Transfer balance cap
Keeping your insurance The Government limits how much of your super
If you want to keep your insurance cover, you’ll need you can transfer into a ‘retirement phase’ account
to maintain a super account and have enough money (like Choice Income). The limit is known as the
in it to pay for the cost of insurance. To find out more transfer balance cap. From 1 July 2021, every
about super accounts, please read the relevant super individual has their own personal transfer balance cap
PDS at australiansuper.com/superannuation of between $1.6 to $1.7 million, depending on their
There are a range of reasons that your Insurance circumstances. While there is no cap for TTR Income
cover could stop. accounts, in Choice Income the cap limit applies.
For a list of events that may make cover stop, read If you exceed your transfer balance cap when
the When cover stops section in our Insurance in your moving to Choice Income, you can fix your account
super guide at australiansuper.com/InsuranceGuide by withdrawing the excess amount as a lump sum
or rolling it over to your super account. For details,
see Important things to know about Choice Income
at australiansuper.com/RetirementGuide
You can check your personal transfer balance cap
amount by logging into your myGov account, or you
can visit the ATO website ato.gov.au for details.

* Find out what your preservation age is on page 9.

8
About Balance Booster Accessing your super: your preservation age
When your TTR Income account moves to a
Choice Income account, you could be eligible You can access your
If you were born…
super at…
to receive an additional credit to your account
balance (a Balance Booster). Before 1 July 1960 55
A Balance Booster is a tax saving. If a tax saving 1 July 1960 – 30 June 1961 56
is available to the fund and if you meet eligibility
requirements, we’ll pass this saving onto you the 1 July 1961 – 30 June 1962 57
day we change your account to Choice Income. 1 July 1962 – 30 June 1963 58
However after you move to Choice Income, if you
withdraw 50% (or more) of your starting account 1 July 1963 – 30 June 1964 59
balance within the first financial year there will be a
1 July 1964 or after 60
clawback of the entire Balance Booster.
The 50% withdrawal threshold could be made up
When you can start
of any combination of income payments, additional
withdrawals and rollovers to a super account or to You can open a TTR Income account when you
another super fund. To learn more about the Balance reach your preservation age and want to transition
Booster, including eligibility and what can affect its to retirement while you’re still working.
value, visit australiansuper.com/BalanceBooster To open a TTR Income account you need to be an
Australian citizen/permanent resident, a New
Zealand citizen or hold an eligible retirement visa.

Read more about Choice Income at australiansuper.com/ChoiceIncome

9
Setting up with Smart Default
Smart Default is one easy way you can set up your account.
Leave the decisions to us now, but change them later if you need to.

Smart Default will turn your super into an How much income you receive
income that may last up to 20 years or more. With Smart Default, you’ll initially receive 6% of
Your payments and investment options are your balance each year as income; as you get older,*
modelled and managed by a trusted team this amount will increase to meet the minimum
of investment experts. payment limits set by the government.
Setting up with Smart Default means Smart Default option – percentage of your
your payment and investment options balance you’ll receive each year
are pre-selected:
• you’re invested in 12% Cash and 88% Balanced Your age
Temporary Default
drawdown rates end drawdown rates start
• you get paid every two weeks on 1 July
30 June 2023† from 1 July 2023‡
• you initially receive at least 6% of your balance
each year; and as you get older* this amount Under 80* 6.0% 6.0%
will change (see table at right). 80 to 84 6.0% 7.0%
How your account balance will be invested 85 to 89 6.0% 9.0%
Smart Default uses a 12% Cash and 88% Balanced
initial portfolio investment mix. 90 to 94 6.0% 11.0%
• The Cash component is designed to cover your 95 and over 7.0% 14.0%
income needs and any unexpected expenses for
the first two years. How often you get paid
• The Balanced option invests in a wide range You’ll receive your payments every two weeks.
of assets, which could help your money last
right through your retirement. Change your mind any time
Your income will be drawn from your Cash option After you’ve set up your account, you can make
first, until the balance in Cash reaches $0. Your changes whenever you choose.
income is then taken from your Balanced option.

* When you change jobs after 60 or reach preservation age and retire, or turn 65, your TTR Income account will move to a Choice Income account –
see page 8 for details. If you remain in the Smart Default option with your Choice Income account, the Smart Default drawdown amounts will still apply
depending on your age on 1 July.
†T he temporary Smart Default drawdown rates are for the financial years 2019/20, 2020/21, 2021/22 and 2022/23 and end on 30 June 2023. They have
been reduced in response to the Goverment’s temporary reduction in minimum super drawdown amounts for account based pensions, which was part
of their economic response to COVID-19 (coronavirus).
‡ The default minimum drawdown rates for Smart Default apply from 1 July 2023, for the financial year 2023/24 onwards.

For information about the AustralianSuper Balanced and Cash investment options,
see pages 18 and 21.

10
Choosing your own options
Prefer to take control? You can set up your account your way
by choosing your own investment and payment options.

Before you make your investment Your payment choices

and payment choices Selecting your payment options is more than just
Your payment and investment choices will affect choosing how much you’ll receive.
how long your retirement savings last. You’ll need to choose how often you receive income
When setting up your account consider: payments and how much those payments will be.
• how much money you’ll need each year You can set the payments as a fixed amount, or the
• if you’ll receive money from a source other minimum percentage of your account balance.
than your TTR Income account (like the The choices you make will have a big impact on how
Government Age Pension) long your savings will last, so it’s important to think
• how long you think you’ll need your retirement about your long-term needs.
savings to last. Some conditions apply:
Your investment options • You must be paid at least once a year, or you
You can make the same investment choices that can choose to be paid every two weeks, once a
are available to all members of AustralianSuper month, once every three months or twice a year.
except Member Direct, see below. Information about • You must be paid a minimum percentage of your
PreMixed and DIY Mix options are shown on pages account balance each year up to a maximum of
18–19 and 20–21 respectively. Please consider your 10% (see page 32).
income needs, investment goals and the risk profile
of each option before making your choice.
Member Direct
Member Direct is not available in your TTR Income
account. However, you can still have Member Direct
investments in your AustralianSuper super account.
When you tell us you’ve reached preservation age
and retired or changed jobs after turning 60, or
when you turn 65, your account will be renamed
Choice Income. When this happens, you’ll be able to
transfer the Member Direct investment you held in
your super account, across to your Choice Income
account without having to sell and re-purchase your
holdings and preventing the trigger of capital gains
and losses.
Find out more at australiansuper.com/MemberDirect

For detailed information about investment options, see pages 12–21.

For a detailed explanation of your payment options, see page 32.

11
2. Getting down to the details
Investment risks, options and policies
Understanding your investment risks
All investments have risks, which can affect your retirement income in different ways.
Volatility of the investment market isn’t the only risk that applies to your retirement income.

Type of risk What is it?

Adequacy The risk that your super savings won’t provide enough retirement income for as long as you’ll need it.

The risk that the third parties who manage investments and administration for AustralianSuper do
Agency
not perform as expected.

Credit or
The risk that the issuer of a security (like a bond) doesn’t pay back the money borrowed when it’s due.
counterparty

Movements in exchange rates can affect the value of your investments. For example, a higher
Currency Australian dollar can reduce returns on international investments. A lower Australian dollar can
improve returns on international investments.

Drawdown When your retirement income payments are much higher than your investment returns and you
(retirement income start to draw large amounts of your savings to provide your income payments, this could have a
payment amount) significant impact on how long your retirement savings last.

Inflation risk is when your investment returns don’t grow above inflation to meet your long-term
income requirements. Types of inflation include price inflation, which is a measure of the changes in
Inflation
the prices of goods and services and wage Inflation, which is a measure of changes in the amount
people earn.

Interest rate movements can impact your investment returns. Interest rate risk is the potential
Interest rate for losses in response to a change in interest rates. There is an inverse relationship between fixed
interest security prices and interest rates (yields).

Liquidity The risk that your investment can’t be sold at the right time or when you need your money.

Longevity The risk that you’ll outlive your retirement savings.

Market risk The risk of loss due to movements in the financial markets.

The risk that you buy or sell your investments at the wrong time. For example, if prices are low when
Market timing
you sell you may lose money.

The risk that changes to super legislation, tax-free retirement phase accounts rules or industry
Policy
regulations will affect your investment.

Sequencing risk relates to the order and timing of your investment returns. Experiencing negative
returns when you’re early in retirement can significantly impact how long your retirement savings
Sequencing
last. You may not have as much time to recover from market downturns and you won’t be getting
ongoing super contributions to help offset this risk.

A measure of the rise and fall of an investment. An investment that has larger price fluctuations
Volatility has higher volatility and is considered more risky. Volatility can be measured by standard deviation,
which is the variation of returns around the average or expected return.

We compare the performance of our investment options against industry and market
benchmarks so you can track how your income account is performing. View our latest
performance figures at australiansuper.com/performance

12
Risk levels A longer investment timeframe means you’ll
When choosing your investment options, the risks have more time to grow your retirement savings.
you need to consider will be different depending on Investing your retirement savings in a mix of options
how long you plan to invest. may be a solution. Money you need to access within
one to five years could be invested into lower risk
• Short-term risk is the risk that your retirement
options. Investing the rest of your savings into an
savings will be reduced by adverse market
option or options that will grow your savings above
movements.
inflation so you can draw an income for longer is
• Medium-term risk balances two risks. The first is also very important.
that your retirement savings will be reduced by
adverse market movements and the second is that How your income affects your
your savings will not keep up with wage inflation. investment timeframe
• Long-term risk is the risk that your retirement How much you withdraw as a regular income
savings will not produce returns in excess of from your account can also impact your investment
wage inflation. timeframe, which you’ll need to consider when making
For more information about risk levels, see an investment choice. Withdrawing a higher income
Understanding your investment risks on page 12. will reduce your savings more quickly and therefore
reduce your investment timeframe, while taking a
Inflation lower amount will increase it.
Inflation reduces the value of money over time.
Investment switching
This means the money you’ve saved now will be
worth less in the future. You can change how you invest your TTR Income
account up to once a day. There are no fees to
Inflation is something you need to think about change your investments.
when choosing how much you’ll be paid and your
investment options. Inflation can increase your Switches received before 4pm AEST/AEDT on a
daily living costs, so your income payments may business day are effective the next business day.
need to increase from year to year. Switches received on or after 4pm AEST/AEDT on a
business day or on a weekend or public holiday, will
Consumer Price Index become effective after 2 business days. A business
Consumer Price Index (CPI) is an index used to day is any day other than a weekend or public holiday
measure the price of selected goods and services (national and the Victorian Queen’s Birthday holiday).
regularly purchased by ordinary Australian Please allow between 2–3 business days for switches
households. This index is used to measure inflation. to show in your online account.
Risks and your investment timeframe Make your choice online:
When selecting your investments, it’s important • Log into your online account
to consider options that address both short and at australiansuper.com/login
long-term income needs. This may mean choosing • Log into your account on our mobile app.
more than one investment option. Learn more at australiansuper.com/MobileApp
A shorter investment timeframe of up to five years • If you can’t make your choice online, call us on
means you should focus on protecting your savings 1300 300 273 8am–8pm AEST/AEDT weekdays.
as you’ll access them sooner. An investment option
with a lower chance of negative returns may be more
appropriate. Over the short term, a big risk is that
market ups and downs may reduce your account
balance, which will reduce the length of time you
can receive an income.

Risk levels are based on estimating the probability of a negative return in the short term
or underperforming wage inflation in the long term. They are provided to be consistent
with good disclosure practices. You can read more about how we calculate risk levels at
australiansuper.com/RiskLevels

13
Asset classes
Asset classes are the building blocks of your investment. Some
investment options invest in one asset class, while others include
a mix. We invest in the following asset classes:

Shares (stocks, securities, equities) Credit

Part of a company that you can typically Loans, bonds, royalties, leases or other
buy and sell on a stock exchange. You debt securities which have a higher yield
can access large and small companies to compensate for being unrated or
across a range of industries both having a lower credit quality compared
domestic and overseas. to investment grade corporate and
government bonds. Examples of Credit
investments include direct loans to fund
Private equity
commercial real estate construction,
Investment in companies that aren’t listed
sub-investment grade bonds issued
on a stock exchange. These can include
by companies, and subordinated loans
Australian and international companies
made to brownfield infrastructure assets.
across a wide range of industries.

Fixed interest
Listed Property
Loans, bonds and securitised debt issued
An investment company that owns
by governments, companies and banks
assets related to real estate such as
that pay regular interest income over a set
buildings, land and real estate securities.
term. The principal amount is repaid to the
They are listed on stock market exchanges
lender when the security matures. These
and can be traded like common shares.
securities in the fixed income portfolio
Direct Property are generally investment grade quality,
Direct holdings in residential, retail, although we may invest a portion of the
industrial or commercial real estate. portfolio in higher yielding debt.

Infrastructure Cash
Assets that provide essential public Money market securities such as
facilities and services such as roads, deposits, bank bills and short-term bonds
airports, seaports and power supply that are issued by banks, the Australian
and generation in Australia and overseas. Government and some companies.
Also includes global listed shares of
companies involved in infrastructure Other assets
or infrastructure-related activities, Investments that represent unique
including telecommunications, opportunities or strategies. Examples
transportation, and utilities. may include strategic equity holdings,
commodities, royalties, leases and
other alternative approaches.

14
Crediting rate
We calculate investment earnings, after investment When transactions occur in your account,
fees and tax, for each investment option (except investment earnings are applied as follows:
Member Direct) using crediting rates.* They may be • When you change investment options, the daily
positive or negative, depending on investment crediting rate will be applied to your account
markets. They’re determined daily and applied on for your previous investment choice up to the
30 June, or earlier if you change investment options, date of the switch. Your new investment choice
close your account, make a withdrawal or transfer will be effective at the start of the next business
your account. day† after you make your switch (if received
Transfers in receive investment returns from and for before 4pm AEST/AEDT (Melbourne time) on
the day of receipt. If you have requested multiple a business day).
transfers in to start your TTR Income account, we’ll • When a partial or full withdrawal or transfer out
only invest all of your money together at the one of AustralianSuper occurs, your account receives
time and there’ll be no investment returns until we investment earnings up to the latest applied
receive all your transfers in. crediting rates based on the Administrator’s
The interest earned on the money received while records at the time the transaction is processed.
waiting for the other transfers in will be allocated An interim crediting rate of zero (0%) is applied
to the general pool of fund assets. In the case we for the days since the last applied crediting rate
cannot accept or allocate money received, the to the date of the withdrawal or transfer, which is
money will be returned without interest. The interest typically two business days.
earned on the unallocated money will also be • When you make a partial or full transfer between
allocated to the general pool of fund assets. AustralianSuper super, TTR Income and Choice
Income accounts, the source account receives
investment earnings up to the latest applied
crediting rates based on the Administrator’s
records at the time the transaction is processed.
An interim crediting rate of zero (0%) is applied
to the source account for the days since the last
applied crediting rate to the date of the transfer,
which is typically two business days. The
destination account receives earnings from and
for the date of the transfer.
For more information see
australiansuper.com/CreditingRates

* For TTR Income accounts, the investment return is based on the crediting rate for super (accumulation) options. From 1 April 2020 the crediting rate
includes an administration fee that is deducted from investment returns for super (accumulation) accounts. TTR Income accounts will be adjusted to
refund the administration fee deducted from investment returns. All TTR administration fees are deducted from account balances.
† A business day is any other day other than a weekend or public holiday (national and the Victorian Queen’s Birthday holiday).

15
Understanding your investment options
On the next few pages you’ll find more detail about each
investment option. To help you understand what makes up each
investment option, we’ve put together the example below.

A short summary Balanced

about what the option’s Invests in a wide range of assets,
invested in and what it including shares, private equity,
was designed to achieve. infrastructure, property, fixed
interest, credit and cash. Designed to
have medium to long-term growth
with possible short-term fluctuations.
Investment objective The goals set up for each
• To beat CPI by more than 4% pa option, often comparing
over the medium to longer term. their performance to the
• To beat the median balanced fund CPI (Consumer Price index),
over the medium to longer term. which is the official measure
of inflation.
Minimum investment timeframe
If you can’t keep your At least 10 years.
money invested for at
least this long, this option Risk level for the time invested The risk profile of each
probably isn’t for you. Short-term Medium-term Long-term option will vary depending
on how long your money
High Medium Low will stay in it.
How often this option Estimated number of negative annual
is likely to go backwards returns over any 20-year period
in a 20-year period. About 5 in every 20 years Short-term
If you plan to invest
for under 5 years
The chart shows the Investments may be
combination of asset reduced by market
classes that typically volatility and not have
make up each option. time to recover.
Medium-term
If you plan to invest
The percentages for Australian shares 21% (10–45%) for 5–20 years
each asset class are International shares 31% (10–45%)
Investments may be
the strategic asset reduced by market
Private equity 6% (0–15%) volatility and/or your
allocations with the
range shown in brackets. Listed property 1% (0–10%) savings might not keep
Direct property 5% (0–30%) up with wage inflation.
Infrastructure 13.5% (0–30%) Long-term
Credit 5.5% (0–20%) If you plan to invest
For further information, for over 20 years
Fixed interest 11% (0–25%)
read our Investment Guide Your savings may not
at australiansuper.com/ Cash 6% (0–20%) keep up with wage
InvestmentGuide Other assets 0% (0–5%) inflation.

For our PreMixed options, we work out what the different mix of asset classes will be for each option. The
asset allocation ranges are the minimum and maximum amounts we can invest in each asset class. Each
year we set a percentage we might invest in each asset class as a guide – this is called the strategic asset
allocation. During the year we can move towards or away from this percentage based on our outlook for
the economy and investment markets.

16
17
Your PreMixed investment options
Choose the mix that best suits you and leave the rest to us.
With our PreMixed options, we’ve done the diversification for you. These options are made
up of more than one asset class and with different levels of risk and expected return.

High Growth Balanced Socially Aware*

Invests in a wide range of assets Invests in a wide range of assets, Screening is applied to the Australian
with a focus on Australian and including shares, private equity, shares, international shares and
international shares. Designed infrastructure, property, fixed fixed interest asset classes based
to have strong long-term growth interest, credit and cash. Designed on environmental, social and
with possible fluctuations in the to have medium to long-term governance standards. The option
short term. growth with possible short-term also invests in a wide range of other
fluctuations. This is our default asset classes. Designed to have
option if you don’t make an medium to long-term growth with
investment choice when you join. possible short-term fluctuations.
Investment objective Investment objective Investment objective
• To beat CPI by more than 4.5% pa • To beat CPI by more than 4% pa • To beat CPI by more than 4% pa
over the medium to longer term. over the medium to longer term. over the medium to longer term.
• To beat the median growth fund • To beat the median balanced • To beat the median balanced
over the medium to longer term. fund over the medium to fund over the medium to
longer term. longer term.
Minimum investment timeframe Minimum investment timeframe Minimum investment timeframe
At least 12 years. At least 10 years. At least 10 years.
Risk level for the time invested Risk level for the time invested Risk level for the time invested

Short-term Medium-term Long-term Short-term Medium-term Long-term Short-term Medium-term Long-term

High Medium Low High Medium Low High Medium Low

Estimated number of Estimated number of Estimated number of

negative annual returns over negative annual returns over negative annual returns over
any 20-year period any 20-year period any 20-year period
About 5 in every 20 years. About 5 in every 20 years. About 5 in every 20 years.

Australian shares 27% (20–50%) Australian shares 21% (10–45%) Australian shares 21% (10–45%)
International shares 40.5% (20–50%) International shares 31% (10–45%) International shares 31% (10–45%)
Private equity 7% (0–15%) Private equity 6% (0–15%) Private equity 6% (0–15%)
Listed property 1.5% (0–10%) Listed property 1% (0–10%) Listed property 1% (0–10%)
Direct property 4% (0–30%) Direct property 5% (0–30%) Direct property 5% (0–30%)
Infrastructure 11% (0–30%) Infrastructure 13.5% (0–30%) Infrastructure 13.5% (0–30%)
Credit 4% (0–20%) Credit 5.5% (0–20%) Credit 5.5% (0–20%)
Fixed interest 2% (0–20%) Fixed interest 11% (0–25%) Fixed interest 11% (0–25%)
Cash 3% (0–15%) Cash 6% (0–20%) Cash 6% (0–20%)
Other assets 0% (0–5%) Other assets 0% (0–5%) Other assets 0% (0–5%)

* This investment option may use derivatives to efficiently manage cash flows and ensure this option is invested within the targeted asset allocation.
This could result in a small economic exposure to companies that are normally excluded by the option’s investment screens (up to 5% of the total assets
at any time).

18
Indexed Diversified Conservative Balanced Stable
Invests in a wide range of assets Includes a higher allocation to An emphasis on fixed interest
using indexing strategies. fixed interest and cash than the and cash with a higher focus
Designed to have medium to Balanced option. Designed to on stability than growth.
long-term growth with possible have medium-term growth with a
short-term fluctuations. balance between capital stability
and capital growth. May also have
some short-term fluctuations.

Investment objective Investment objective Investment objective

• To achieve a return of CPI • To beat CPI by more than • To beat CPI by more than
+ 3% pa over the medium to 2.5% pa over the medium term. 1.5% pa over the medium term.
longer term. • To beat the median conservative • To beat the median capital
balanced fund over the stable fund over the
medium term. medium term.
Minimum investment timeframe Minimum investment timeframe Minimum investment timeframe
At least 10 years. At least 7 years. At least 5 years.
Risk level for the time invested Risk level for the time invested Risk level for the time invested

Short-term Medium-term Long-term Short-term Medium-term Long-term Short-term Medium-term Long-term

Low to Medium Medium Low to Low to

High Medium Medium Low
medium to high to high medium medium

Estimated number of Estimated number of Estimated number of

negative annual returns over negative annual returns over negative annual returns over
any 20-year period any 20-year period any 20-year period
About 5 in every 20 years. About 4 in every 20 years. About 3 in every 20 years.

Australian shares 28% (20–50%) Australian shares 14.5% (5–35%) Australian shares 7.5% (0–20%)
International shares 42% (20–50%) International shares 21.5% (5–35%) International shares 11.5% (0–20%)
Listed property 0% (0–10%) Private equity 5% (0–10%) Private equity 2% (0–10%)
Fixed interest 22% (0–30%) Listed property 1% (0–10%) Listed property 1% (0–10%)
Cash 8% (0–30%) Direct property 4.5% (0–25%) Direct property 5.5% (0–15%)
Infrastructure 11% (0–25%) Infrastructure 11% (0–20%)
Credit 7% (0–25%) Credit 8% (0–25%)
Fixed interest 24.5% (0–40%) Fixed interest 29.5% (0–45%)
Cash 11% (0–30%) Cash 24% (0–50%)
Other assets 0% (0–5%) Other assets 0% (0–5%)

Strategic asset allocations and other investment information are current as at the date of publication. The Strategic Asset Allocation, composition of
individual asset classes and other investment information may change from time to time. Investment returns are not guaranteed. Updated information
can be found at australiansuper.com/AssetAllocation

19
Your DIY Mix investment options
Build your own mix of investment types by investing
in our DIY Mix options and we’ll manage it for you.
Australian Shares International Shares
Invests in a wide range of Invests in a wide range of
shares in both listed and unlisted companies listed on securities
companies in Australia, with exchanges around the world.
a small allocation to companies Designed to have strong
in New Zealand. Designed to long-term capital growth
have strong long-term capital with possible short-term
growth with possible short-term fluctuations in returns.
fluctuations in returns.
Investment objective Investment objective
• To beat the S&P/ASX 200* • To beat the MSCI All Country
Accumulation Index (adjusted World ex Australia Index
for franking credits) over (unhedged) over the medium
the medium to long term. to long term.†
Minimum investment timeframe Minimum investment timeframe
At least 12 years. At least 12 years.

Risk level for the time invested Risk level for the time invested
Short-term Medium-term Long-term Short-term Medium-term Long-term
Low to Low to
Very high Medium Very high Medium
medium medium

Estimated number of Estimated number of

negative annual returns over negative annual returns over
any 20-year period any 20-year period
About 6 in every 20 years. About 6 in every 20 years.

International Shares

Australian shares 99.5% (90–100%) International shares 99.5% (90–100%)

Cash 0.5% (0–10%) Cash 0.5% (0–10%)

* Prior to 1 July 2020, the benchmark was the S&P/ASX 300 Accumulation Index adjusted for tax credits.
† Index level returns, adjusted for tax (where applicable).

20
Diversified Fixed Interest Cash
Invests in a wide range of Australian Invests in short-term money market
and international bonds and loans. securities and some short-term
This is done through actively bonds. Designed to have stable
investing in the fixed interest and returns above the official cash rate.
credit asset class sectors and aims The Cash option can have zero or
for capital stability and higher negative returns after fees, costs
returns than cash over the short and taxes, depending on the level
to medium term. of market interest rates.
Investment objective Investment objective
• To beat a composite of • To beat the return of the
Australian and International Bloomberg AusBond Bank
Fixed Interest Indices over the Bill Index over one year†.
short to medium term*†.
Minimum investment timeframe Minimum investment timeframe
At least 3 years. At least 1 year.

Risk level for the time invested Risk level for the time invested
Short-term Medium-term Long-term Short-term Medium-term Long-term
Medium
Medium High Very high Very low Very high
to high

The Diversified Fixed Interest The Cash option has a very

option has low volatility and can low level of volatility and can
experience periods of moderate experience periods of negative
negative returns‡. returns when interest rates are
low or negative‡.
Capital
Guarenteed

Credit 2% (0–25%) Cash 100% (100%)

Fixed Interest 96.5% (50–100%)

Cash 1.5% (0–30%)

* From 1 October 2021, the composite consists of 50% Bloomberg Global Aggregate 1-5 Year Total Return Index hedged to AUD and 50% Bloomberg
AusBond Composite 0-5 Year Index. Prior to 1 October 2021 CPI + 0.5% pa, prior to 1 July 2015 CPI + 1% pa, prior to 1 July 2013 CPI + 1-2% pa.
† Index level returns, adjusted for tax (where applicable).

‡ Important information about the risk measure for the Diversified Fixed Interest and Cash options
We’ve replaced the estimated number of negative annual returns over any 20-year period measure with an explanation of the risk and the potential
for negative returns in these options. The Standard Risk Measure does not provide a useful or comparable measure of risk for these investment
options in the current market environment. The potential for a negative return is higher than it has been in the past due to to low market interest rates,
the potential for negative market interest rates and the interest rate risk in the options. Based on the low volatility of these options, the potential size
of any negative return is expected to be small to moderate.
The risk labels of medium for the Diversified Fixed Interest option and very low for the Cash option are appropriate for the overall level of investment
risk. This determination is informed by estimated volatility, measured by standard deviation, return expectations that reflect the current market
environment and consideration of the investment objective, investment horizon and risk appetite of each investment option.

Strategic asset allocations and other investment information are current as at the date of publication. The Strategic Asset Allocation, composition of
individual asset classes and other investment information may change from time to time. Investment returns are not guaranteed. Updated information
can be found at australiansuper.com/AssetAllocation

21
Compare our past performance
We’ve been one of the better performing super funds over the
past decade. You can keep an eye on how your investments are
going by looking at our past performance.

We compare the performance of our investment You can also view our latest performance figures
options against industry and market benchmarks. online at australiansuper.com/performance
Our PreMixed options are measured against other
super funds in the SuperRatings Fund Crediting Rate TTR Income investment options
Survey as well as the CPI. Our DIY Mix options are performance as at 31 March 2022
either measured against the relevant asset class This table compares our TTR Income investment
market index or the CPI. options against the performance benchmarks
noted below. For a performance comparison of
The following table shows how our investment our options against their CPI-linked benchmarks
options have performed for TTR Income to visit australiansuper.com/SuperCPI
31 March 2022.

1 year 3 years (pa) 5 years (pa) 10 years (pa)

Name of investment option
AS BM AS BM AS BM AS BM
PreMixed options
High Growth 10.20% 9.35% 10.54% 9.03% 10.07% 8.78% 10.93% 9.58%
Balanced 9.05% 7.64% 9.22% 7.51% 9.11% 7.54% 9.84% 8.42%
Socially Aware 8.73% 7.64% 7.65% 7.51% 7.64% 7.54% 9.18% 8.42%
Indexed Diversified 7.37% 8.09% 8.17% 5.78% 7.81% 5.44% 7.91% 5.65%
Conservative Balanced 5.85% 5.44% 6.81% 5.69% 6.90% 5.77% 7.97% 6.80%
Stable 3.15% 2.98% 4.50% 3.66% 5.02% 4.13% 6.11% 5.08%
DIY Mix options
Australian Shares 18.35% 14.16% 12.09% 10.73% 10.52% 9.48% 11.06% 10.23%
International Shares 4.23% 8.04% 12.49% 10.70% 12.50% 10.92% 13.01% 12.24%
Diversified Fixed Interest -3.07% -1.18% 0.77% 1.03% 1.80% 1.47% 3.76% 2.23%
Cash 0.15% 0.03% 0.61% 0.39% 1.13% 0.87% 1.86% 1.56%
Consumer Price Index 5.09% 2.78% 2.32% 2.18%

AS = AustralianSuper BM = Benchmark
TTR Income returns are shown net of investment fees and taxes. For up-to-date investment performance visit australiansuper.com/performance
Investment returns aren’t guaranteed. Past performance isn’t a reliable indicator of future returns.
Benchmarks
High Growth: SR50 Growth (77–90). Index Balanced: SR50 Balanced (60–76) Index. Socially Aware: SR50 Balanced (60–76) Index. Indexed Diversified: Annual
CPI + 3%, (prior to 1 July 2018 it was CPI + 3.5% and prior to 1 July 2015 it was CPI + 4%). Conservative Balanced: SR25 Conservative Balanced (41–59) Index.
Stable: SR50 Capital Stable (20–40) Index. Australian Shares: S&P/ASX 200 Accumulation Index adjusted for tax, (prior to 1 July 2020 it was S&P/ASX 300
Accumulation Index adjusted for tax). International Shares: MSCI AC World ex Australia (in $A) Index adjusted for tax. Diversified Fixed Interest: 50% Bloomberg
Global Aggregate 1-5 Year Total Return Index hedged to AUD adjusted for tax and 50% Bloomberg AusBond Composite 0-5 Year Index adjusted for tax (prior to
1 October 2021 CPI +0.5%, prior to 1 July 2015 CPI+1%, prior to 1 July 2013 CPI + 1.5%). Cash: Bloomberg AusBond Bank Bill Index adjusted for tax.

You can track the performance of your investments every day

We calculate returns for each investment option daily using crediting rates. A crediting rate is the rate
of investment return paid to you on your account balance, after investment fees and tax. They can be
positive or negative depending on investment markets. For TTR Income accounts, the investment
return is based on the crediting rate for super (accumulation) options. From 1 April 2020 the crediting
rate includes an administration fee that is deducted from investment returns for super (accumulation)
accounts. TTR Income accounts will be adjusted to refund the administration fee deducted from
investment returns. All TTR administration fees are deducted from account balances.
You can find out more at australiansuper.com/factsheets

22
Environmental, social and governance management
At AustralianSuper, investing responsibly means being active
on Environmental, Social and Governance (ESG) issues today,
to create better long-term outcomes for members.

We believe companies and assets with good Collaboration

ESG management are more likely to increase We believe we can make a bigger, more lasting
their value over time. That’s why we integrate impact by working with companies and other
ESG considerations into our investment decision asset owners for positive change. AustralianSuper
making across all investment options. collaborates on a number of investor initiatives
Our ESG and Stewardship program is globally including Climate Action 100+, United Nation’s
recognised and we have been awarded an A+ Principles for Responsible Investment (UNPRI), the
rating for our Overarching Approach to Responsible Investor Group on Climate Change (IGCC), Investors
Investment in the United Nation’s Principles for Against Slavery and Trafficking and the Australian
Responsible Investment (PRI) Global Assessment Council of Superannuation Investors (ACSI).
Report 2020. You can read more about our ESG and
Stewardship Program at
ESG and Stewardship Program australiansuper.com/ResponsibleInvestment
Our ESG and Stewardship Program aims to encourage
positive outcomes on ESG issues that can impact Tobacco exclusion
members’ retirement outcomes, including climate AustralianSuper excludes companies that
change, gender diversity, executive remuneration manufacture tobacco products from its investment
and labour force and human rights. Guiding options. Tobacco use is one of the largest causes of
principles on labour standards including the preventable death in the world. Investing in tobacco
International Labour Organisation, Global Slavery is inconsistent with our purpose of helping members
Index and the United Nations inform our human achieve their best financial position in retirement.
rights work. This exclusion doesn’t apply to the use of derivatives
AustralianSuper is actively managing climate change that have an indirect exposure to tobacco, or to
related risks and opportunities and has committed to ETFs and LICs in Member Direct.
achieve net zero emissions in our portfolio by 2050. Socially Aware option
Find out more at australiansuper.com/ClimateChange In addition to AustralianSuper’s ESG and Stewardship
Integration program, the Socially Aware option applies screening
We consider ESG factors before we make an to the Australian shares, international shares and
investment and continue doing so for as long fixed interest asset classes to remove securities or
as we keep it. We identify various ESG risks and companies that:
opportunities within each asset class, and then • own fossil fuel or uranium reserves*
integrate them into our investment processes and • produce tobacco, cluster munitions or land mines
valuations for more informed decision making. • have single gender boards (for ASX 200
Stewardship companies)
We actively engage with companies on ESG issues • have been flagged as having human rights, labour,
and communicate our long-term investment interests environmental or governance controversies.
to them. Direct engagement enables us to influence Socially Aware removes investment in companies
the make-up of company boards and encourage that own fossil fuel or uranium reserves regardless
positive behaviour on ESG issues. of the size of their ownership. We believe this is the
We also influence ESG issues by voting on company simplest, most transparent way of removing these
and shareholder resolutions. We publish our voting investments at their source while enabling the option
records and approach on our website. to meet its investment return objectives.

Choice You can find out more about the asset allocation and
Many members have different values, so it’s risk profile of our Socially Aware option on page 18.
important we consider these preferences in our
investment options. For members who want to
avoid investing in industries and companies that
don’t align with their values, we offer the Socially
Aware option (see right).

* Reserves, in this context, are thermal coal, oil, gas or uranium that can be extracted from known fields at an economical cost.

23
Fees and other 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 administration 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) website (moneysmart.gov.au) has
a superannuation calculator to help you check out different fee options.

This section shows fees and other costs that you may be charged. These fees and other costs may be
deducted from your money, from the returns on your investment or from the assets of the superannuation
entity as a whole.
Other fees, such as activity fees and advice fees for personal advice may also be charged, but these will
depend on the nature of the activity or advice chosen by you. Entry fees and exit fees cannot be charged.
Taxes are set out in another part of this document – see page 30.
You should read all the information about fees and other costs because it is important to understand their
impact on your investment.
The fees and other costs for each investment option offered by AustralianSuper are set out on pages
26–27. The main fees to set up and manage your account are shown in the following table, based on the
Balanced option.

If you don’t understand what the names of some of these fees mean, you can find
definitions of them on page 28.

24
 Type of fee Amount How and when it’s paid
Investment fee* 0.63% Deducted from before-tax investment returns before the returns are applied to
your account†.
Administration fee* Administration fee The account-keeping fee is calculated weekly and deducted monthly from your
consists of: account. The account-keeping fee is charged from the date the full balance is
• account-keeping fee: received in the account.
$2.25 per week, and The asset-based fee is calculated and deducted monthly based on your account
• asset-based fee: balance at the end of each month. The first asset-based fee will be calculated
based on the account creation date and the date the full balance is received in the
0.11% pa of your
account. If the account creation date and the balance receipt date are both in the
account balance
same month, the asset-based fee is calculated on a pro-rata basis from the date
capped at $750 pa
the full balance is received. If the account is created in one month and the balance
is received in a different month, the asset-based fee will be calculated from the
beginning of the month the balance is received.
For higher account balances, the maximum asset-based fee may be deducted before
the end of the financial year. Once the maximum annual fee has been deducted
from your account, the asset-based fee will be $0 for the rest of the financial year.
This Administration fee is paid into the Fund’s administration reserve and the
Fund pays its administration fees and costs from the administration reserve.
Buy–sell spread Nil

Switching fee Nil

Advice fees‡ relating to $0 – $295 This is the cost for over-the-phone advice.
all members investing
in a particular product For face-to-face advice, a higher fee applies which may be deducted directly
or investment option from your account.

Other fees and costs Nil Refer to Other fees and costs on page 32 for information on family law fees.

Indirect cost ratios* Nil

The Investment fee for our other investment options is different. This fee is calculated looking back as at 30 June each year and is likely to change from year
to year, the amount for subsequent financial years will depend on the actual fees and costs incurred in managing investments.

Example of annual fees and costs

This table gives an example of how the fees and costs for the AustralianSuper Balanced investment option
for this product can affect your superannuation investment over a one year period. You should use this table
to compare this product with other products.

Example: AustralianSuper Balanced investment option

For every $50,000 you have invested in the

Investment fees§ 0.63%
Balanced investment option, you’ll be charged $315.
PLUS $117 pa ($2.25 per week) PLUS 0.11% pa of AND you’ll be charged $117 in administration fees
Administration fees your account balance capped at $750 pa regardless of your balance, plus $55 per year.
PLUS
AND an indirect cost of $0 each year will
Indirect costs for the Nil
be deducted from your investment.
Balanced Investment option
EQUALS If your balance was $50,000, for that year you’ll
Cost of product be charged fees of $487.#

The fees you may be charged are subject to change. You’ll be given at least 30 days’ notice before any
increase in fees takes effect.

* If your account balance for a product is less than $6,000 at the end of the financial year, the total combined amount of administration fees, investment
fees and indirect costs charged to you is capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
†T  o find out when returns are applied to your account, see page 15.
‡ 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.
§
The investment fee is for the 2020/2021 financial year and is likely to change from year to year.
#
Additional fees may apply.

25
Additional explanation of fees and costs

Other fees and costs

Type of fee or cost Amount How and when it’s paid

Family Law information request $50 Charged to the person requesting

This fee is charged when the information.
an eligible person asks for information
under the Family Law Act 1975.

Family Law splitting account fee $70 shared by both parties: The member’s fee is charged to the member’s
This fee is charged to action a family • $35 paid by the member AustralianSuper account when the split is actioned.
law splitting order or agreement. • $35 paid by the The spouse’s fee is deducted from the amount to
receiving spouse be transferred to their AustralianSuper account or
another fund.

About our Investment fee

AustralianSuper’s Investment fee comprises of three components:
1. Investment management fees
2. Performance related fees
3. Transactional and operational costs
You can find the definitions of each component on page 28.
The table below shows how our overall Investment fee is broken down for each Investment option.
These are the investment fees for each option for the 2020/2021 year. Investment fees are calculated
looking back as at 30 June each year and are likely to change from year to year.

1 2 3
Investment option Investment Performance Transactional Total
management fee related fee and operational costs

PreMixed options

High Growth 0.34% 0.21% 0.05% 0.60%

Balanced 0.36% 0.22% 0.05% 0.63%

Socially Aware 0.40% 0.20% 0.08% 0.68%

Conservative Balanced 0.35% 0.19% 0.04% 0.58%

Stable 0.31% 0.04% 0.03% 0.38%

Indexed Diversified 0.09% 0.00% 0.02% 0.11%

DIY Mix options

Australian Shares 0.16% 0.00% 0.02% 0.18%

International Shares 0.34% 0.03% 0.07% 0.44%

Diversified Fixed Interest 0.32% 0.00% 0.02% 0.34%

Cash 0.06% 0.00% 0.00% 0.06%

26
Additional costs that aren’t included in the Investment fee
Some of our Transactional and operational costs are included in the calculation of our overall Investment
fee, but there are other Transactional and operational costs which aren’t included.
The costs we don’t include are costs we can’t specifically identify. These are built into (or ‘implicit’ in)
the trading prices of assets and therefore can only be estimated. These costs are known as Implicit
transactional and operational costs. You can find the definition of Implicit transactional and operational
costs, plus some examples of these, on page 28.
The table on this page shows the figures for both the included Transactional and operational costs
and estimates of the implicit items, so you can see an indicative total figure for all Transactional and
operational costs.

Transactional and Implicit transactional

Total transactional
Investment option operational costs* and operational costs
and operational costs
(included in investment fee) (not included in investment fee)

PreMixed options

High Growth 0.05% 0.15% 0.20%

Balanced 0.05% 0.14% 0.19%

Socially Aware 0.08% 0.18% 0.26%

Conservative Balanced 0.04% 0.17% 0.21%

Stable 0.03% 0.15% 0.18%

Indexed Diversified 0.02% 0.03% 0.05%

DIY Mix options

Australian Shares 0.02% 0.05% 0.07%

International Shares 0.07% 0.26% 0.33%

Diversified Fixed Interest 0.02% 0.37% 0.39%

Cash 0.00% 0.00% 0.00%

* The figures in this column are the same figures shown in Column 3 in the table on page 26.

Other costs we don’t include in the Investment fee are borrowing costs and property operating costs.
These are shown below. You can find the definition of these costs on page 28.
Borrowing costs: High Growth 0.03% | Balanced 0.05% | Socially Aware 0.05% | Indexed Diversified 0.00%
Conservative Balanced 0.04% | Stable 0.04% | Australian Shares 0.00% | International Shares 0.00%
Diversified Fixed Interest 0.00% | Cash 0.00%
Property operating costs: High Growth 0.03% | Balanced 0.04% | Socially Aware 0.04%
Indexed Diversified 0.00% | Conservative Balanced 0.03% | Stable 0.04% | Australian Shares 0.00%
International Shares 0.00% | Diversified Fixed Interest 0.00% | Cash 0.00%

27
Definitions of fees and costs
Definitions of the most common fees are included here. For more information, refer to our dictionary
at australiansuper.com/dictionary

Activity fees Borrowing costs Note: Investment fees do not include

A fee is an activity fee if: AustralianSuper doesn’t borrow money but implicit transactional and operational costs,
a) the fee relates to costs incurred by the we do invest in entities that borrow money. borrowing costs or property operating costs.
trustee of the superannuation entity that are We invest in these entities because they This fee includes expenses incurred by
directly related to an activity of the trustee: are conduits that allow us to access certain AustralianSuper, as well as amounts incurred
i. that is engaged in at the request, or with investments. Borrowing costs are costs indirectly via underlying fund investments.
the consent, of a member; or incurred on loans taken out by these entities, i. The investment fee consists of
ii. that relates to a member and is required such as loan establishment fees and interest investment management fees,
by law; and paid to lenders. performance related fees, plus
b) those costs are not otherwise charged as Buy-sell spread fee transactional and operational costs.
an administration fee, an investment fee, a AustralianSuper doesn’t charge any buy- Each of the individual items that make up
buy-sell spread, a switching fee, an advice sell spread fees.A buy-sell spread is a fee the overall Investment fee are calculated
fee or an insurance fee. to recovertransaction costs incurred by looking back as at 30 June each year, and
This is a fee you’ll incur directly for an the trustee of the superannuation entity in are expressed as a ratio to the average value
additional requested service, such as a relation to the sale and purchase of assets of all the assets in the investment option over
request to split your super contributions of the entity. the year. The investment fee is likely to
with your spouse. Implicit transactional and operational costs change from year to year. The investment fee
These are costs that are incorporated within is not deducted directly from your account.
Administration fee
An administration fee is a fee that relates to the purchase and sale price of assets and Rather, the amount reduces the net returns of
the administration or operation of the therefore can’t be specifically identified – each investment option, before returns are
superannuation entity and includes costs they can only be estimated. Examples include credited to your account.
that relate to that administration or operation, the estimated margin charged when trading Investment management fees
other than: bonds through a broker and the impact that These represent the amounts deducted
a) borrowing costs; and our own trading may have on the market from your investment that relate to core
b) indirect costs that are not paid out of the price of an asset traded. investment management functions.
superannuation entity that the trustee has Indirect Cost Ratio Examples are our internal investment
elected in writing will be treated as indirect AustralianSuper doesn’t have an Indirect cost management costs and investment
costs and not fees, incurred by the trustee ratio. Instead, the costs of managing your management fees paid to third parties
of the entity or in an interposed vehicle or investments are included in our overall (excluding performance related fees).
derivative financial product; and investment fee. The indirect cost ratio (ICR), These also include custody costs, audit and
c) costs that are otherwise charged as an for a MySuper product or an investment administrative costs of your investments
investment fee, a buy-sell spread, a option offered by a superannuation entity, – including those incurred through
switching fee, an activity fee, an advice is the ratio of the total of the indirect costs underlying funds.
fee or an insurance fee. for the MySuper product or investment Performance related fees
This fee is paid into AustralianSuper’s option, to the total average net assets of the These are fees we pay to third parties
administration reserve and the Fund pays superannuation entity attributed to the for generating positive returns, such as
its administration fees and costs from that MySuper product or investment option. outperformance above a disclosed
reserve. AustralianSuper claims a tax Note: A fee deducted from a member’s benchmark. Generally performance related
deduction for administration costs each account or paid out of the superannuation fees are calculated as a percentage of the
year. The amount of the deduction is also entity is not an indirect cost. This is another returns generated.
paid into the reserve. way of calculating the cost of managing your
investments. Property operating costs
Advice fee These are costs AustralianSuper incurs
A fee is an advice fee if: Investment fee in relation to the operational activities of
a) the fee relates directly to costs incurred An investment fee is a fee that relates to the our real estate investments. Examples of
by the trustee of the superannuation investment of the assets of a superannuation these are the property owner’s share of
entity because of the provision of financial entity and includes: maintenance costs and management costs
product advice to a member by: a) fees in payment for the exercise of care and of shopping centres and office buildings.
i. a trustee of the entity; or expertise in the investment of those assets Property operating costs don’t relate to the
ii. another person acting as an employee (including performance fees); and acquisition or disposal of property.
of, or under an arrangement with, the
trustee of the entity; and b) costs that relate to the investment of assets Switching fee
of the entity, other than: AustralianSuper doesn’t charge any
b) those costs are not otherwise charged
i. borrowing costs; and switching fees. A switching fee for a MySuper
as an administration fee, an investment
fee, a switching fee, an activity fee or an ii. indirect costs that are not paid out of product is a fee to recover the costs of
insurance fee. the superannuation entity that the switching all or part of a member’s interest in
trustee has elected in writing will be a superannuation entity from one class of
Examples where the cost of advice can be
treated as indirect costs and not fees, beneficial interest in the entity to another.
incurred by the super fund, includes simple,
incurred A switching fee for a superannuation product
one-off advice relating to your:
by the trustee of the entity or in an other than a MySuper product, is a fee to
• investment options within AustralianSuper,
• insurance cover within AustralianSuper, and interposed vehicle or derivative financial recover the costs of switching all or part of
• contributions to an AustralianSuper account. product; and a member’s interest in the superannuation
iii. costs that are otherwise charged as an entity from one investment option or product
An advice fee for other types of advice which
administration fee, a buy-sell spread, a in the entity to another.
is typically more complex in nature, may be
switching fee, an activity fee, an advice
paid from your account for services provided Transactional and operational costs
by a financial adviser who’s registered with fee or an insurance fee.
These comprise a broad category of costs
AustralianSuper. However the cost of that we incur that relate to buying or selling
advice must relate to your AustralianSuper underlying investments. Examples of these
account(s). include brokerage and commission.

28
29
Tax rates and TTR Income accounts
Investment returns in your TTR Income account are subject to the same
maximum 15% tax rate that applies to super accumulation funds.

Tax on the taxable component if you’re

Tax if you’re 60 or over under 60 in 2021/2022
If you’re 60 or over, your retirement income If you’re under 60, the taxable component of any
payments (including any lump sum retirement income or lump sum withdrawal is
withdrawals) are generally tax-free and don’t reported as assessable income to the Australian
need to be declared as assessable income Taxation Office (ATO) and is taxed as required.
when you lodge a tax return. However, this tax could be reduced as a result
of receiving a tax offset.
Tax if you’re under 60
If you’re under 60, your income payments and Income payments
lump sum withdrawals may be taxable and Your income payments are taxed at your marginal
will need to be declared as assessable income income tax rate, plus Medicare levy, less the 15% tax
when you lodge a tax return. offset. You’ll generally receive a 15% tax offset on any
taxable retirement income payment when:
• you’re between your preservation age and 59, and
• you’ve provided your Tax File Number.
Lump sum withdrawals
Lump sum withdrawals are generally not available
in TTR Income, unless the money is used to:
• access an unrestricted non-preserved benefit
• pay a super contributions surcharge
• split a payment under family law
• give effect to a release authority from the
Australian Taxation Office
• purchase another non-commutable income stream
Important tax information for those under 60 • pay a benefit on your death or terminal illness
All super balances including account based pension • rollover to your previous, or a new, super fund.
accounts, are made of two components – taxable If eligible for a lump sum withdrawal, the first
and tax-free. We’ll work out the tax-free portion of $225,000* is tax-free† and the balance is taxed at
each payment for you. 15% plus Medicare levy. Additional tax may be
applicable if you are below your preservation age.
Your tax-free component
Your tax-free component is the total of any: Paying tax
• after-tax contributions In the same way tax comes out of a working wage,
• Government co-contributions. tax is deducted from your payments and any
additional withdrawals you make before they’re
Your taxable component deposited into your bank account.
The remaining money in your account is your taxable
We’ll work out the tax that needs to be deducted and
component and is the total of:
pay it to the ATO. The tax taken from your payments
• your before-tax contributions, including employer is based on a number of factors, such as the tax-free
Superannuation Guarantee (SG) payments and portion of your account, whether you’ll claim the
salary sacrifice amounts tax-free threshold for these payments and if you’re
• any personal contributions where you’ve claimed eligible for the 15% tax offset.
a tax deduction, and
• investment returns.

* From 1 July 2022 this amount will increase to $230,000.

† Applies to all money you withdraw from super, not just your account with AustralianSuper. This is a lifetime limit and is indexed annually.

For details visit australiansuper.com/tax or call us on 1300 300 273.

30
Important tax information for everyone Tax on money used to open your account
Claiming a tax deduction Generally, you don’t have to pay tax when you
If you’ve made personal contributions to super that transfer your super into a TTR Income account.
you intend to claim a tax deduction for, you need to Money from an untaxed source may be taxed
tell your super fund that you plan to claim a tax on entry.
deduction* before you transfer some or all of it to a Tax on death payments
TTR Income account. If you have money left in your TTR Income account
Once you’ve transferred any amount to a TTR Income when you die, that money will be paid to your
account, you can’t claim tax deductions for the nominated beneficiaries as outlined on page 34.
contributions you’ve made to super. This includes As this table shows, the way those payments are
a super account within AustralianSuper. taxed is based on a number of factors, including
how the money is paid and who receives it.
To claim a tax deduction for personal super
contributions you must lodge a Notice of intent to
claim a tax deduction with your super fund. Download
the form at australiansuper.com/TaxDeduction

Age of Age of Tax treatment

Type of beneficiary Death payment type
deceased dependant (excluding Medicare levy)

Lump sum payment Any age Any age Tax-free

Taxable component taxed at their marginal

Below 60 Below 60
income tax rate, less possible 15% tax offset†
Dependant
Income payments Below 60 60 or older Tax-free

60 or older Any age Tax-free

Lump sum payment Any age Any age Taxable component taxed at 15%†
Non-dependant
Income payments Any age Any age Not eligible for income payments

For further details refer to our Applying for payment after a member dies fact sheet available under the
Superannuation tab at australiansuper.com/FactSheets

* If aged between 67 and 74, you’ll need to satisfy the work test or qualify for the work test exemption to be eligible.
† If your taxable component contains an untaxed element, additional tax may be applied to that element.

 edicare gives Australian residents access to healthcare and is partly funded by

M
taxpayers who pay a Medicare Levy of 2% of their taxable income.
The Medicare Levy and any reductions are calculated from information provided
in your tax return.

31
Payments

Choose how often you’ll be paid Minimum and maximum income amounts
You can receive your income payments: By law, you must withdraw a minimum income
• every two weeks amount each financial year.
• once a month The minimum amount is calculated as a percentage
• once every three months of your account balance at 1 July every year.
• twice a year, or The maximum income amount of 10% also applies
• once a year. each financial year in TTR Income. You can’t make
You can check our payment calendar at additional withdrawals once you reach the maximum
australiansuper.com/PaymentCalendar limit. This restriction will apply until either you:
• tell us you’ve permanently retired on or after
Choose how much you’ll be paid you’ve reached your preservation age;
You can tell us how much income you want to • tell us you’ve changed jobs on or after you’ve
receive and we’ll pay it to your bank account. turned 60; or
You can choose: • when you turn 65.
• the minimum or maximum payment
(set by the government) or COVID-19 Government measure ends 30 June 2023
• a specific amount. For the 2019/20, 2020/21, 2021/22 and 2022/23
financial years, the Government temporarily reduced
We write to you each year confirming how much the minimum drawdown requirements by 50% for
income you will receive for the coming year, based account based pensions. This COVID-19 (coronavirus)
on the payment choices you had most recently measure ends on 30 June 2023. For details visit
made. If your chosen amount is less than the australiansuper.com/MinimumDrawdowns
minimum payment required by law, we will pay
this minimum amount. If your chosen amount is When you open a new TTR Income account, before
more than the maximum payment required by law, 30 June 2023 your minimum drawdown amount will
we will pay this maximum amount. be set to the temporarily reduced minimum amount
(see table below), unless you choose otherwise. This
minimum amount will automatically increase to the
default minimum amount from 1 July 2023.
If you open a new TTR Income account from 1 July
2023, your minimum drawdown amount will be set
to the default minimum amount (see table below).

Minimum and maximum drawdown amounts each financial year

Age at 1 July Temporary minimum rates Default minimum rates Maximum withdrawal from
each year end 30 June 2023* start from 1 July 2023† your account each year
Preservation age to 64 2.0% 4% 10%

65 to 74 2.5% 5%

75 to 79 3.0% 6%

80 to 84 3.5% 7%
No maximum amount
85 to 89 4.5% 9%

90 to 94 5.5% 11%

95 and over 7.0% 14%

* The Government’s temporary reduced minimum drawdown rates for the financial years 2019/20, 2020/21, 2021/22 and 2022/23 started
on 25 March 2020 and will end on 30 June 2023.
† The Government’s default minimum drawdown rates apply from 1 July 2023, for the financial year 2023/24 onwards.

32
Payments in the first financial year When you’ll be paid
For the first year, limits are calculated on the date After setting up your account, you will start to receive
your account is opened, based on how much of the payments once your application is fully processed.
financial year is left when you open your account. This can take up to four weeks, or longer in some
circumstances.
Minimum
If you choose minimum payments, we’ll pay you a
proportion of the annual minimum amount, based
on the number of days left in the financial year.
For example, if you join halfway through the year,
you’ll receive half the annual minimum over the
remainder of the financial year.
If you open your account in June there’s no minimum
payment for that financial year.
Maximum
If you choose maximum payments, we’ll pay you the
full 10% of your balance, spread across the remaining
months of the financial year. Or you can choose to
have a pro-rated (proportionate) payment amount
for the same remaining months.
Specific amount
If you choose a specific amount, we’ll pay you the
‘per payment’ amount you’ve requested at the
frequency you’ve chosen for the rest of the financial
year, (as long as the annual payment amount is
between the minimum and maximum amounts).
You can also ask to have your income payments
indexed each year to keep up with inflation as
measured by the Consumer Price Index (CPI) or
between 1% and 5% each year (see Inflation on
page 13).

$
You can change your payment frequency and amount at any time. To make sure it’s
processed in time for your next scheduled payment, we need to receive your change at
least five business days earlier.

33
Nominating beneficiaries

Your options Binding nomination

You have three options when deciding what If you make a binding nomination, we’ll pay your
happens to your money in the event of your death: account to the person you’ve nominated as long as
• Reversionary nomination – You nominate a your nomination is valid and in force at the time of
person who will receive your account balance your death. The account balance will normally be
as a regular income. paid as a one off payment but may be paid as an
• Binding nomination – You provide formal written income stream to a qualifying dependant.
direction to AustralianSuper to tell us who you A binding nomination is valid if:
want your account balance paid to. If valid, your • it was made within three years of your death
nomination is legally binding. • all the individuals nominated are alive at the 
• Non-binding nomination – You nominate time of your death (for example, if you nominated
who you’d prefer your account to be paid to. three beneficiaries and one was no longer alive
This nomination is not legally binding. at the time of your death, then the nomination
would be invalid)
Who can be nominated
• all the individuals nominated are eligible.
You can nominate the following people
as beneficiaries: If you make a binding nomination, it will be in force
• your spouse or partner from the date you sign the form. We’ll write to remind
• your children (conditions apply for reversionary you to make another nomination before it expires. An
beneficiary nominations) expired or invalid binding nomination is considered
to be non-binding – this means that it guides rather
• interdependants (someone who lives with you
than instructs the payout of your account. Make a
and shares a close personal relationship where
binding nomination by completing the Binding death
one or both of you provide financial and
benefit nomination form at the back of this PDS or
domestic support, and personal care of the
download a copy from australiansuper.com/forms
other). Find out more about interdependants
at australiansuper.com/beneficiary Non-binding nomination
• other financial dependants* (such as someone When you make a non-binding nomination, you’re
who relies on you financially) telling us who you’d prefer your account to be left
• your estate or legal personal representative to when you die, but your nomination isn’t legally
(not available for reversionary nominations). binding. This means that although we’d take your
wishes into account, in the end we would have to
Your options in more detail decide who your account would be paid to
Reversionary nomination depending on your situation when you die. The
If you nominate a reversionary beneficiary, this account balance will normally be paid as a one
person will receive regular income payments from -off payment.
your TTR Income account until the balance reaches You can nominate non-binding beneficiaries when
$0. It’s important to consider changing or cancelling you open your account. You can change your
your nomination if your circumstances change, beneficiaries at any time by logging into your
so that your benefit will be paid in line with your online account.
current wishes.
Special conditions for children
You can only nominate one of the people listed
under the Who can be nominated section above Children aged between 18 and 25, who are financially
as your reversionary beneficiary, except your legal dependent on you, may receive your account as
personal representative. If you nominate a child regular income payments until they reach 25 (unless
over 18 years old, they must be: your account runs out earlier). The remaining
account balance will be paid out to them when they
• permanently disabled, or
turn 25. If your child is permanently disabled, they
• younger than 25 and financially dependent may continue to receive regular payments until the
on you immediately before your death. money runs out, regardless of their age.

* As defined by Superannuation law.

34
35
3. The next steps
How to join
Join online at australiansuper.com/join or fill out the
Open a TTR Income account form at the back of this PDS.

Before you set up your account

If you’re transferring your money from more If you already have an AustralianSuper super
than one super fund to start your TTR Income account, the money transferred from your other
account, it may take time for all your money to funds will be invested in the investment option/s
reach us. Because we will only invest all of your you’ve previously selected for your super account,
money together at the one time, there will be and any returns will be applied to your super
no investment returns until we receive all your account. To combine, complete the Combine
super rollovers. your super into AustralianSuper form at
To ensure your money stays invested at all times, australiansuper.com/forms
it is a good idea to combine all your money into If you don’t have an AustralianSuper super
one super account first. account, you can open a super account online at 
australiansuper.com/join or call us on 1300 300 273.

Changing your mind After you’ve joined

If you change your mind, a 14 day ‘cooling off’ As soon as you receive your member number,
period applies when you can cancel your TTR you can register for an online account at
Income account. australiansuper.com/login
This period starts from the earlier of Online account features
• the date we confirm your AustralianSuper • view your account balance and transactions
account has been established • update your personal details
• five days after the date your account with • review and change your investment options
AustralianSuper was established. • change your payment amount and frequency
If you would like to cancel your membership • request additional one-off payments
during this period, please write to us at: • view a copy of your Centrelink Schedule
AustralianSuper • view your beneficiaries and update any
Locked Bag 6 non-binding nominations.
Carlton South VIC 3053
Access your account on the go
or send us an email enquiry via our website at Staying on top of your TTR Income account has
australiansuper.com/email never been easier. With our mobile app you can:
If you cancel your account and don’t have access • view your account balance, transactions and fees
to your entire balance in cash, we’ll transfer it to the • be notified when a payment comes out
complying super fund of your choice, or into the of your account
AustralianSuper Personal Plan if you don’t make a • change the way your money is invested
choice. If you do have access, we’ll pay your balance
• download recent statements
minus any tax and retirement income payments
already made. You may be charged fees and be • ask questions using our Live Message
entitled to any investment returns. and Facebook Messenger features
• update your details and more.
To find out more, visit
australiansuper.com/MobileApp
Getting advice
To make an appointment with a financial
adviser, call us on 1300 300 273 or visit
australiansuper.com/ContactUs

36
How to make a complaint
AustralianSuper is committed to handling any complaints promptly
and fairly. All complaints will be managed in confidence.

 he simplest way to resolve a complaint can

T Privacy
be to discuss it with us by calling 1300 300 273 The privacy and security of your personal
(8am–8pm AEST/AEDT weekdays). information is important to AustralianSuper.
If you would prefer not to discuss the complaint Your information will be collected and handled
or your concern is not satisfactorily resolved, you in accordance with our privacy policy, which is in
can email your complaint to us via our website at line with the requirements of Privacy legislation.
australiansuper.com/email or you can write to us at: Please refer to the AustralianSuper Privacy
The Complaints Officer Policy and Collection Statement at
AustralianSuper australiansuper.com/privacy
GPO Box 1901
Melbourne VIC 3001
Privacy collection statement
We’ll acknowledge and investigate your complaint AustralianSuper Pty Ltd (ABN 94 006 457 987)
and address your concerns generally within 45 days of Locked Bag 6, Carlton South, Victoria 3053,
of receiving your complaint. We will write to you collects your personal information (PI) to
accordingly if there are any exceptions. run your super account (including insurance),
At any stage you’re welcome to contact your improve our products and services and keep you
assigned Complaint Officer for an update on the informed. If we can’t collect your PI we may not
progress of your complaint. be able to provide these services. PI is collected
from you but sometimes from third parties.
What happens next? We will only share your PI where necessary to
If you don’t receive a response to your complaint perform our activities with our administrator
within the required timeframe, or if you’re not (Australian Administration Services Pty Ltd, Link
satisfied with AustralianSuper’s response to your Group), service providers, as required by law or
complaint, you may be eligible to take your court/tribunal order, or with your permission.
complaint to an external complaints body. Your PI may be accessed overseas by some of
our service providers. A list of countries can be
AFCA provides fair and independent financial found at the URL below.
services complaint resolution that is free to
consumers. Our Privacy Policy details how to access
and change your PI, as well as the privacy
Australian Financial Complaints Authority complaints process.
GPO Box 3
Melbourne VIC 3001 For complete details go to
Call: 1800 931 678 (free call) australiansuper.com/privacy or call us on
Online: afca.org.au 1300 300 273.
If your complaint relates to the handling of your
personal information, you are able to escalate your
complaint to the Office of Australian Information
Commissioner (OAIC).
Office of the Australian Information Commissioner
GPO Box 5218
Sydney NSW 2001
Call: 1300 363 992
Online: oaic.gov.au

37
4. Forms
What you’ll need to complete these forms: Important things to consider
• Tax File Number (TFN) • If you’ve made personal contributions to super
• Bank account details that you intend to claim a tax deduction for, you
• Super account details should claim them before opening your account
• Medicare, current driver’s licence (see page 31).
or Australian passport details • You can’t add money to your TTR Income account
once you’ve opened it, so it’s a good idea to
consolidate your super first (see page 8).
• If you’re below age 60, you must also complete
the Tax file number declaration form. If we don’t
receive this form, payments will commence after
60 days, at which time your account will be
activated and taxed at the highest marginal rate.
• It’s a good idea to understand Centrelink’s
deeming rules before combining accounts. Find
out more at humanservices.gov.au
• For help on providing proof of ID go
to australiansuper.com/IDHelp

38
Open a TTR Income account

After reading the TTR Income Product Disclosure Statement (PDS), please complete in pen using CAPITAL
letters. Print (✗) to mark boxes. This form must be completed in full. Read the Privacy Collection Statement at
australiansuper.com/CollectionStatement to see how AustralianSuper uses your personal information. If you’re
below age 60 you MUST complete the Tax file number declaration form and return it with this form. You can
also complete this form online at australiansuper.com/join

1 Your personal and contact 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
Street address

Suburb/Town State Postcode

Postal address (if different to street address)

Suburb/Town State Postcode

Home telephone Other telephone (eg business) Mobile

Email

If I provide my email address and/or phone number, I’m consenting to AustralianSuper communicating with me via email, my
online account, mobile app and phone as appropriate. I understand I can change my communication preferences through my
online account or by calling 1300 300 273.

2 Have you finalised your tax deductions?

Have you finalised any tax deductions you intend to claim for your personal super contributions?

X Not applicable X Yes X No You must finalise the tax deduction with your super
(go to step 3) (go to step 3) fund before you transfer your super to your TTR
Income account. To get a claim form or find out
more, go to australiansuper.com/TaxDeduction

3 Do you qualify?
a) Have you reached your b) Why are you using transition c) If you’re 65 or older, permanently retired or changed
preservation age and want to retirement? jobs after turning 60, you’ll need to open a Choice
to start transitioning to X Save more super Income account. Go to australiansuper.com/join or
retirement? (go to step 4) view the Product Disclosure Statement at
X Yes (go to step 3b) australiansuper.com/RetirementGuide
X Reduce my working hours
X No (go to step 3c) (go to step 4)

If none of the above options apply to you, you may still be able to open an account – call 1300 300 273 for help.

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 1393.7 TTR_JOIN 06/22 ISS12 page 1 of 6
 4 Are you opening your account with funds from your AustralianSuper account?
Do you want to transfer super from your AustralianSuper account/s to open a TTR Income account? You’ll need to transfer a
minimum of $25,000 to open an account.

X Yes (go to step 4a) X No (go to step 5)

Please fill in details for each AustralianSuper account

a) Your existing AustralianSuper b) Do you want to c) How much money do d) D

 o you want to transfer a
member number transfer your entire you want to leave in your nominated amount to your
balance? AustralianSuper super TTR Income account?*†
account?*†
Account 1:
X Yes‡ (go to step 5) X $6,000 $
  X No (go to either X Other amount
step 4c or 4d)
$
Account 2:
X Yes‡ (go to step 5) X $6,000 $
  X No (go to either X Other amount
step 4c or 4d)
$
Account 3:
X Yes‡ (go to step 5) X $6,000 $
  X No (go to either X Other amount
step 4c or 4d)
$
* When transferring from an AustralianSuper super account to open a TTR Income account, you’ll need to leave a minimum
balance of $6,000 in your super account for it to remain open. To find out more about the minimum balance, visit
australiansuper.com/AccessYourSuper
† If you want to keep your insurance cover you’ll need to have enough money in your super account to pay for it. To understand
how to maintain cover, read our Insurance in your super guide at australiansuper.com/InsuranceGuide
‡ This will close your existing AustralianSuper account. Any insurance cover you have with this account will cease.

5 Are you opening an account with super from another fund?

If you have more than one fund to roll into AustalianSuper, you must complete a Combine your super into AustralianSuper
form for each additional fund you wish to roll over. This form is available online under the 'Retirement' tab at
australiansuper.com/forms You’ll need to transfer a minimum of $25,000 to open an account.
You can't add money to your account once you've opened it, so it's a good idea to combine first.
We also only invest all of your money together at the one time, there will be no investment earnings until we receive all your
rollovers to setup your TTR Income account.
a) Provide your fund's details
FROM:
X Other super fund
Fund name

Fund phone number Member or account number

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

Amount to transfer (choose one only) X Whole balance X Partial amount of $ , , . 0 0

X Self-managed super fund (SMSF)

SMSF name Australian Business Number (ABN)

Electronic Service Address (ESA)

Amount to transfer (choose one only) X Whole balance X Partial amount of $ , , . 0 0

TO: Fund name Fund phone number Member number (if known)

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 0 0 2 A U

Issued by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788 Trustee of AustralianSuper ABN 65 714 394 898. 1393.7 TTR_JOIN 06/22 ISS12 page 2 of 6
 5 Are you opening an account with super from another fund? (continued)

Important information
1. If you’re transferring the whole balance of your other super accounts, this means you’re asking us to close
your other super accounts.
2. Remember to check if your old fund charges exit fees and that you no longer need the insurance cover
provided by your old fund (if any).

b) Provide us with your TFN

To protect your super, you need to prove your identity when you move money between super funds.
If you don’t want to give us your TFN, you must complete a Combine your super into AustralianSuper form and provide
certified copies of your identity documents (ID) for each additional fund you wish to roll over. This form is available online
under the 'Retirement' tab at australiansuper.com/forms
If you don’t provide the right ID correctly certified, it will delay the transfer. For help on providing proof of ID go to
australiansuper.com/IDHelp

X Use my Tax File Number (TFN) to identify me.

Provide your TFN here
Your TFN is the easiest way to identify you. By giving us your TFN, you are authorising us to give this information to your
other super fund. They will confirm your ID with the Australian Tax Office.

Providing your TFN

We’re authorised under super law to collect, use and disclose your Tax File Number (TFN). You don’t have to
provide your TFN, but if we have it, we’ll be able to accept all types of contributions into your super account if
you have one; you won’t pay more tax than you need to and it’ll be easier to find any lost super. If you transfer to another
fund, we’ll give them your TFN unless you tell us not to in writing. Visit australiansuper.com/RefTFN for more details.

6 Provide your bank account details

Name of bank, building society or credit union BSB number

Account holder’s name* Account number

You may provide a copy of your bank statement so we can check your details to avoid any payment delays.
* This must be a personal account, held solely or jointly in your name.

7 Set up your account using Smart Default (optional)

If you choose to set up your account using Smart Default, this means your investment and payment options are pre-selected:
• you’re invested in 12% Cash option and 88% Balanced option,
• you get paid every two weeks, and
• you initially receive at least 6% of your balance each year; as you get older this amount will change.
See page 10 of the TTR Income PDS for details.
Do you want to open your account using Smart Default?

X  No (go to step 8)

X Yes (go to step 10)

8 Let us know how you want to be paid

Tell us how much and how often you want to receive payments. (If you’ve already chosen to set up your account using
Smart Default in step 7, leave steps 8 and 9 blank and go to step 10.)
Your payments will start on the next available nominated pay date, once your application is fully processed. This can take up to
four weeks, or longer in some circumstances. For details on payments see page 32 of the PDS. You can change your payment
options at any time by logging into your online account.
a) When I’d like to receive my payments: Please choose (✗) one option only, and fill in month and choose a start date where
applicable.
X  Fortnightly (next available payment date)
X  Monthly. Choose one (✗) start date: X 15th X 28th X soon as possible (next scheduled payment date)
X  Quarterly from M M Choose one (✗) start date: X 15th X 28th X soon as possible (next scheduled payment date)
X  Half-yearly from M M Choose one (✗) start date: X 15th X 28th X soon as possible (next scheduled payment date)

X  Yearly from M M Choose one (✗) start date: X 15th X 28th X soon as possible (next scheduled payment date)

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 8 Let us know how you want to be paid (continued)

b) I’d like my payment amount to be: Please choose (✗) one option only.

X Option 1 (Default): the minimum amount allowed*.

X Option 2: a specific amount† for each payment $

For this specific amount, how much do you want this payment amount to increase by each year?‡
Choose one (✗) below
X 0% (Default) X 1% X 2% X 3% X 4% X 5% X Consumer Price Index (CPI)

X Option 3: the maximum amount* (10% of your account balance) – pro-rata (proportionate) amount for the first financial
year. This means that in your first financial year, you’ll receive a proportion of the 10% amount spread over the rest of
the year.
For example, if you join halfway through the financial year with an account balance of $100,000, you’ll receive half of the 10% amount
($5,000) spread over the rest of that year.

X Option 4: the maximum amount* (10% of your account balance) – full amount for the first financial year. This means that
in your first financial year, you’ll receive the full 10% amount spread over the rest of the year.

F  or example, if you join halfway through the financial year with an account balance of $100,000, you’ll receive the full 10% amount
($10,000) spread over the rest of that year.

* By law, there is a minimum limit and a maximum limit on the payment amount you can withdraw from your account balance each year,
and this varies with your age. Your limits are determined by the actual amount rolled into your account, and are recalculated every
year based on your balance on 1 July. For details see page 32 of the PDS. You’ll be paid the minimum amount as the default option if
the boxes above are not ticked. The minimum payment amount will also be pro-rata (proportionate) by default in the first financial
year. This means that in your first financial year, you’ll receive a proportion of the minimum annual amount spread over the rest of that
first financial year.
† Your chosen payment amount must be between your minimum and maximum limits for that year. If you choose an amount that is
smaller than the minimum or more than the maximum, we’ll contact you.
‡ If no relevant box is selected for an annual increase in payment amount, the default option is 0%.

9 Choose your investments and where to draw payments from

(If you’ve already chosen to set up your account using Smart Default in step 7, leave steps 8 and 9 blank and go to step 10.)
Select one (✗) of the three options below:

X I would like my current superannuation investment strategy to Investment option Column A: Column B:
be transferred to my TTR Income account§ (go to step 10). % to invest in Payment order
(for Option 3 only)
X I would like to set up the default investment strategy –
Balanced option. PreMixed options

X I would like to set up a new investment strategy for this High Growth %
account.
Balanced %
This means choosing my investment options and where I
would like my income payments and fees to be drawn from. Socially Aware
Follow the steps below: %

a) Fill in the percentage you want to invest in each option, in Indexed Diversified %
Column A of the table provided. If no options are selected,
Conservative Balanced %
the default investment option will be the Balanced option.
b) Next, choose where you want your payments and fees taken Stable %
from – select one option only. If you don’t make a choice,
your account will default to the Highest balance option. DIY options

X Option 1: Highest balance (default) – take payments Australian Shares %

from the investment option with the highest balance.
International Shares %
X Option 2: Pro-rata – take payments from each
investment option in proportion to the balance in each Diversified Fixed Interest %
option.
Cash
X Option 3: Payment order – take payments in the order %
I choose. Fill in Column B of the table provided, by
numbering in order only those investment options TOTAL MUST ADD UP TO 100% 1 0 0 %
you’ve chosen.

§
If you have Member Direct holdings in your super account, you can’t transfer them into your TTR Income account. Member Direct
holdings can only be transferred to a Choice Income account. For details visit australiansuper.com/MemberDirect

Issued by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788 Trustee of AustralianSuper ABN 65 714 394 898. 1393.7 TTR_JOIN 06/22 ISS12 page 4 of 6
10 Nominate beneficiaries
You can choose only (✗) one of three options when deciding what happens to your money when you die:
• Reversionary nomination – You nominate a person who will receive your account balance as a regular income. Conditions
apply for who you can nominate. For details see page 34 of the TTR Income PDS.
• Binding nomination – You provide formal written direction to AustralianSuper to tell us who you want your account balance
paid to. If valid, your nomination is legally binding.
• Non-binding nomination – You nominate who you’d prefer your account to be paid to. This nomination is not legally binding.
For details on nominating beneficiaries, see page 34 of the TTR Income PDS.
Please choose (✗) one option only.

X Option 1: Reversionary nomination

Conditions apply for who you can nominate as a reversionary beneficiary. For details on their eligibility see page 34
of the TTR Income PDS.
Last name Mr  Mrs  Ms Miss  Dr

X X X X X
First name/s       

Relationship to you Date of birth

D D M M Y Y Y Y
It’s important to note that in some cases making a reversionary nomination may impact your Centrelink benefits.
Contact the Department of Social Services at dss.gov.au if you have questions regarding your Centrelink entitlements.

X Option 2: Binding nomination

Please complete the Binding death benefit nomination form at the back of the PDS and attach it to this application.
Leave the rest of this section of the form blank, and go to step 11 or step 12.

X Option 3: Non-binding nomination

Full name Relationship Residential address % of benefit
Spouse Financial dependant*
Child Legal
 personal representative
Interdependant (executor or administrator of your estate) . %

Spouse Financial dependant*

Child Legal
 personal representative
Interdependant (executor or administrator of your estate) . %

Spouse Financial dependant*

Child Legal personal representative

Interdependant (executor or administrator of your estate) . %

Spouse Financial dependant*

Child Legal personal representative
Interdependant (executor or administrator of your estate) . %

Spouse Financial dependant*

Child Legal
 personal representative
Interdependant (executor or administrator of your estate) . %
TOTAL MUST ADD UP TO
X Mark (✗) this box if you’ve attached a separate sheet 100.00% . %
because there wasn’t enough space here.
* As defined by Superannuation law

11 Give your financial adviser access to your account details

If you have a financial adviser, you can give them and their staff access to your TTR Income account below. If not, go to step 12.
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 adviser*

Name of business

Adviser email address*

Telephone Licensee AFSL number ASIC Financial adviser representative number*

* Mandatory fields

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12 Provide proof of your identity
Please complete (✗) one of the options below.
X Option 1: I want to use electronic verification
By giving you my Medicare, driver’s licence or Australian passport details below, I authorise the use of my personal details
(including the information below) for the purpose of electronic data verification. I understand that my information will
be subject to an information match request in relation to relevant official record holder information and a corresponding
information match result will be provided via the use of third party systems.
Fill out any TWO of the following, and (✗) Option 1 box above.

1. Full name as appears on my Medicare card

My Medicare number is Valid to

My reference number
M M Y Y Y Y on this card is

2. Full name as appears on my driver’s licence

My Australian driver’s licence number is State of issue Expiry date

D D M M Y Y Y Y

3. My Australian passport number is Place of birth (as shown on your passport)

Country of birth (not shown on your passport)

Family name at birth (not shown on your passport)

X  Option 2: I want to attach paper copies of certified documentation

I have attached my certified proof of identity to this application.
Please ensure that you provide photocopies of your original identification documents and that they are correctly certified.
Each page must be certified as a true copy. The documents we receive from you must have been certified and dated
within the last 6 months. We can't accept undated documents. For instructions on who can certify documents, go to
australiansuper.com/IDHelp
X  Use electronic verification if paper copies of certified documentation are incorrectly certified or unable to be read
I authorise the use of my personal details for the purpose of electronic data verification if the paper copies of my certified
documentation are incorrectly certified or unable to be read. I understand that my information will be subject to an
information match request in relation to relevant official record holder information and a corresponding information match
result will be provided via the use of third party systems.

13 Sign this form

I have read the Privacy Collection Statement and I understand how AustralianSuper will use my personal information.
AustralianSuper’s Privacy Collection Statement is in the PDS and online at australiansuper.com/CollectionStatement
To the best of my knowledge, the information I have provided on this form is correct.
I confirm I am either an Australian citizen/permanent resident, a New Zealand citizen or I hold an eligible retirement visa
(subclass 405 or 410)
If I’ve provided my email address and/or phone number, I consent to AustralianSuper sending me information about my
account, AustralianSuper’s products and services and marketing communications, including third-party products and services,
via email, my online account, SMS, mobile app or phone, as appropriate and in accordance with AustralianSuper’s Privacy
Policy and my existing communication preferences. I understand I can change my communication preferences at any time
by calling AustralianSuper on 1300 300 273 or through the My communication preferences section of my online account.
The personal information I have provided will be used to open my account. At australiansuper.com/privacy I can read the
full details on the collection and use of personal information. My account will be set up based on the choices I’ve made as
fully explained in the PDS that was provided to me.

Sign here
       Date

D D M M Y Y Y Y
Print name

Please return this completed form to AustralianSuper, Locked Bag 6, CARLTON SOUTH VIC 3053
Questions? Call 1300 300 273 or visit australiansuper.com/retirement

Issued by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788 Trustee of AustralianSuper ABN 65 714 394 898. 1393.7 TTR_JOIN 06/22 ISS12 page 6 of 6
For members with a retirement income account

Making, changing or cancelling a

binding death nomination
Follow these instructions to set up, change or cancel a binding nomination.

What is a binding nomination? What if my nomination is invalid?

A binding nomination instructs AustralianSuper how to pay If your nomination is invalid, we’ll consider your wishes, but
your death benefit if you die. will use our discretion when paying out your death benefit.
As long as it’s valid, your nomination is legally binding and we Examples of an invalid binding nomination include:
must follow it. This is why it’s important to consider changing • your nomination being made more than three years ago;
or cancelling your binding nomination if your circumstances
change, so that your benefit will be paid in line with your • the form being incorrectly signed and witnessed; or
current wishes. • the individuals nominated no longer qualifying as your
dependants at the date of your death.
Who can I nominate?
Can I have a binding death nomination and a
For a binding nomination to be valid, the people you list reversionary beneficiary for the same pension
at step 2 of this form must be (at the date of your death):
account at the same time?
• your spouse
• your children No. If you currently have a reversionary beneficiary
• financially dependent* on you nomination and would like to make a binding death
• your legal personal representative, which means nomination, AustralianSuper requires that you cancel your
the executor or administrator of your estate, or reversionary beneficiary nomination by completing all the
steps on this form.
• an interdependant (someone who lives with you and shares
a close personal relationship where one or both of you
provide for the financial and domestic support and personal More about interdependants
care of the other). Find out more about interdependants at An interdependent relationship exists if:
australiansuper.com/beneficiary
• two people have a close personal relationship which
involves a demonstrated and ongoing commitment to
How long does it last? a shared life and each other’s emotional support and
A correctly completed binding nomination remains valid wellbeing; and
for three years from the date you sign the form. The expiry • they live together, or are temporarily living apart; and
date of your binding nomination is shown on your member • one or each of them provides the other with financial
statement and we’ll also send you a reminder before your support; and
nomination expires.
• one or each of them provides the other with domestic
support and personal care of a level normally provided in
How do I cancel my binding nomination? a close personal relationship, rather than by a mere friend
You can cancel your binding nomination at any time. To or flatmate
cancel your nomination you need to complete steps 1, 3 and 4 OR
of this form and return it to us.
• if they don’t live together or provide each other with
financial support, domestic support and personal care, it’s
How do I change my binding nomination? because one or both of them suffer from a disability.
You can change your binding nomination at any time. To Two people don’t have an interdependent relationship if one
change your current binding nomination you’ll need to of them provides domestic support and personal care to
complete and submit a new valid Binding death benefit the other and is paid for this or works on behalf of another
nomination form. This new nomination will override your person or organisation such as a government agency, a
current binding nomination. body corporate or a benevolent or charitable organisation.
Whether your nominated beneficiaries qualify as your
Does it cost anything? interdependants will be assessed when a claim is made.
No. There are no fees for you to make a binding nomination.

AustralianSuper will pay your death benefit in accordance with your binding
nomination if it:
• is made to us in writing on the form over the page;
• nominates one or more of your dependants (at the date of your death) or legal personal representative;
• is signed and dated by two people who have witnessed you sign and date the form, are aged 18 years or over
and are not nominated on the form;
• received by us before your death; and
• has not expired before your death.
To set up a new binding nomination, or to change an existing nomination, complete steps 1, 2 and 4 of this form.
To cancel your binding nomination and change to a non-binding nomination, complete steps 1, 3 and 4 of this form.

* As defined by Superannuation law.

Issued by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788 Trustee of AustralianSuper ABN 65 714 394 898. 1265.5 05/22 ISS10 page 1 of 4
 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 Locked Bag 6, Carlton South, Victoria 3053, collects your personal
information (PI) to operate your super account (including insurance), improve our products and services and keep you
informed. If we can’t collect your PI we may not be able to provide these services. PI is collected from you but sometimes
from third parties like your employer. We will only share your PI where necessary to perform our activities with our
administrator (Australian Administration Services Pty Ltd, Link Group), 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. A list of
countries can be found at the URL below. Our Privacy Policy details how to access and change your PI, as well as the
privacy complaints process. For complete details go to australiansuper.com/privacy or call us on 1300 300 273.

Issued by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788 Trustee of AustralianSuper ABN 65 714 394 898. 1265.5 05/22 ISS10 page 2 of 4
For members with a retirement income account

Binding death benefit nomination

Use this form to set up a binding death nomination or change/cancel an existing binding nomination.
Please complete in pen using CAPITAL letters and print (✗) to mark boxes where applicable. Form must be completed
in full. Read the Privacy Collection Statement on this form to see how AustralianSuper uses your personal information.

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
Street address

Suburb/Town State Postcode

Telephone (business hours) Member number Account number*

* You must complete a separate form for each account you hold.

2 Nominate who you want to receive your death benefit

Read Who can I nominate? on page 1 before filling in this section.
If you’re nominating your ‘Legal personal representative’, you do not need to complete the sections headed ‘Full name’ and
‘Residential address’ for that part of your nomination. However, you must complete the ‘% of benefit’ section.
If you have more than five nominees, please attach them to this form on a separate sheet of paper.

Full name Relationship Residential address % of benefit

Spouse
Child
Interdependant
Financial dependant†
 egal personal representative
L
(executor or administrator of your estate) . %
Spouse
Child
Interdependant
Financial dependant†
 egal personal representative
L
(executor or administrator of your estate) . %
Spouse
Child
Interdependant
Financial dependant†
 egal personal representative
L
(executor or administrator of your estate) . %
Spouse
Child
Interdependant
Financial dependant†
 egal personal representative
L
(executor or administrator of your estate) . %
Spouse
Child
Interdependant
Financial dependant†
 egal personal representative
L
(executor or administrator of your estate) . %
† As defined by Superannuation law.
TOTAL MUST ADD UP TO 100.00%
. %

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 3 Cancel your current nomination

X Please cancel my previous beneficiary or reversionary nomination and pay benefits at AustralianSuper’s discretion to my
dependants or legal personal representative.
To cancel your current nomination, please go to Step 4 to sign and date this form – no witness signatures are required.

4 Sign this form in the presence of two witnesses

Member declaration
I understand that:
• The people listed at step 2 must be my spouse, child, financial dependant, interdependant or a legal personal representative
of my estate when I die.
• I must sign and date this form in front of two witnesses, both of whom are aged 18 years or over and are not nominated as a
beneficiary in my form.
• I can change or cancel this nomination at any time.
• If this nomination is invalid or has not been received by AustralianSuper when I die, my death benefit will be paid at
AustralianSuper’s discretion.
• This binding nomination is only effective when received and accepted by AustralianSuper and expires three years from the
date of my signature below.
• I have read the information in this form and I understand the terms on which this nomination is made. I have also read the
Privacy Collection Statement and I understand how AustralianSuper will use my personal information.

Member signature
       Today's date

D D M M Y Y Y Y

You must sign and date this form in front of two witnesses aged 18 or over. Witnesses can’t be nominated on this form
(in step 2).

Witness declaration
As a witness to the member’s nomination, I declare that:
• I am aged 18 years or over;
• I am not nominated as a beneficiary on this form; and
• the member signed and dated this form in my presence.

Witness 1 signature
       Today's date

D D M M Y Y Y Y

Full name of witness 1

Witness 2 signature
       Today's date

D D M M Y Y Y Y

Full name of witness 2

Please return this completed form to:

AustralianSuper, Locked Bag 6, CARLTON SOUTH VIC 3053
or upload a copy via our website to australiansuper.com/email
Questions? Call 1300 300 273 or visit australiansuper.com/retirement 1265.5 05/22 ISS10 page 4 of 4
 Tax file number declaration
This declaration is NOT an application for a tax file number.
■■ Use a black or blue pen and print clearly in BLOCK LETTERS.
■■ Print X in the appropriate boxes.
ato.gov.au ■■ Read all the instructions including the privacy statement before you complete this declaration.

Section A: To be completed by the PAYEE 5 What is your primary e-mail address?

1 What is your tax
file number (TFN)?
OR I have made a separate application/enquiry to
For more the ATO for a new or existing TFN.
information, see
question 1 on page 2 OR I am claiming an exemption because I am under Day Month Year
of the instructions. 18 years of age and do not earn enough to pay tax.
6 What is your date of birth?
OR I am claiming an exemption because I am in
receipt of a pension, benefit or allowance. 7 On what basis are you paid? (select only one)
Full‑time Part‑time Labour Superannuation Casual
2 What is your name? Title: Mr Mrs Miss Ms employment employment hire or annuity employment
income stream
Surname or family name
8 Are you: (select only one)
An Australian resident A foreign resident A working
First given name for tax purposes for tax purposes OR holiday maker

9 Do you want to claim the tax-free threshold from this payer?

Other given names Only claim the tax‑free threshold from one payer at a time, unless your total income from
all sources for the financial year will be less than the tax‑free threshold.
Answer no here if you are a foreign resident or working holiday
3 What is your home address in Australia? Yes No maker, except if you are a foreign resident in receipt of an
Australian Government pension or allowance.
10 Do you have a Higher Education Loan Program (HELP), VET Student
Loan (VSL), Financial Supplement (FS), Student Start-up Loan (SSL) or
Trade Support Loan (TSL) debt?
Suburb/town/locality Your payer will withhold additional amounts to cover any compulsory
Yes repayment that may be raised on your notice of assessment. No

State/territory Postcode DECLARATION by payee: I declare that the information I have given is true and correct.
Signature
Date
Day Month Year
4 If you have changed your name since you last dealt with the ATO,
provide your previous family name. You MUST SIGN here

There are penalties for deliberately making a false or misleading statement.

Once section A is completed and signed, give it to your payer to complete section B.

Section B: To be completed by the PAYER (if you are not lodging online)
1 What is your Australian business number (ABN) or Branch number 5 What is your primary e-mail address?
withholding payer number? (if applicable)

6 5 7 1 4 3 9 4 8 9 8
2 If you don’t have an ABN or withholding
payer number, have you applied for one? Yes No
6 Who is your contact person?
3 What is your legal name or registered business name
(or your individual name if not in business)?
A U S T R A L I A N S U P E R Business phone number

7 If you no longer make payments to this payee, print X in this box.

DECLARATION by payer: I declare that the information I have given is true and correct.
Signature of payer
4 What is your business address? Date
Day Month Year
L E V E L 3 0

1 3 0 L O N S D A L E S T R E E T There are penalties for deliberately making a false or misleading statement.

Suburb/town/locality
M E L B O U R N E Return the completed original ATO copy to: IMPORTANT
State/territory Postcode Australian Taxation Office
AustralianSuper See next page for:
PO Box 9004
Locked Bag 6, ■■ payer obligations
V I C 3 0 0 0 PENRITH
CARLTON NSW 2740VIC 3053
SOUTH ■■ lodging online.

Issued by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788 Trustee of AustralianSuper ABN 65 714 394 898. 1497.1 05/22 ISS2 page 1 of 2
Sensitive (when completed)
30920619
Payer information Lodging the form
The following information will help you comply with your pay as You need to lodge TFN declarations with us within 14 days after
you go (PAYG) withholding obligations. the form is either signed by the payee or completed by you (if not
provided by the payee). You need to retain a copy of the form
for your records. For information about storage and disposal,
Is your employee entitled to work in Australia? see below.
It is a criminal offence to knowingly or recklessly allow You may lodge the information:
someone to work, or to refer someone for work, where
■■ online – lodge your TFN declaration reports using software that
that person is from overseas and is either in Australia
complies with our specifications. There is no need to complete
illegally or is working in breach of their visa conditions.
section B of each form as the payer information is supplied by
People or companies convicted of these offences may your software.
face fines and/or imprisonment. To avoid penalties, ■■ by paper – complete section B and send the original to us
ensure your prospective employee has a valid visa within 14 days.
to work in Australia before you employ them. For
more information and to check a visa holder’s status
For more information about lodging your
online, visit the Department of Home Affairs website at
TFN declaration report online, visit our website
homeaffairs.gov.au
at ato.gov.au/lodgetfndeclaration

Is your payee working under a working holiday

visa (subclass 417) or a work and holiday visa Provision of payee’s TFN to the payee’s super fund
(subclass 462)? If you make a super contribution for your payee, you need to give
your payee’s TFN to their super fund on the day of contribution, or if
Employers of workers under these two types of visa need
the payee has not yet quoted their TFN, within 14 days of receiving
to register with the ATO, see ato.gov.au/whmreg
this form from your payee.
For the tax table “working holiday maker” visit our website
at ato.gov.au/taxtables
Storing and disposing of TFN declarations
The TFN Rule issued under the Privacy Act 1988 requires a TFN
Payer obligations recipient to use secure methods when storing and disposing of
If you withhold amounts from payments, or are likely to withhold TFN information. You may store a paper copy of the signed form or
amounts, the payee may give you this form with section A electronic files of scanned forms. Scanned forms must be clear and
completed. A TFN declaration applies to payments made after the not altered in any way.
declaration is provided to you. The information provided on this form
If a payee:
is used to determine the amount of tax to be withheld from payments
■■ submits a new TFN declaration (NAT 3092), you must retain a
based on the PAYG withholding tax tables we publish. If the payee
gives you another declaration, it overrides any previous declarations. copy of the earlier form for the current and following financial year.
■■ has not received payments from you for 12 months, you must
retain a copy of the last completed form for the current and
Has your payee advised you that they have applied following financial year.
for a TFN, or enquired about their existing TFN?
Where the payee indicates at question 1 on this form that they have Penalties
applied for an individual TFN, or enquired about their existing TFN, You may incur a penalty if you do not:
they have 28 days to give you their TFN. You must withhold tax for
■■ lodge TFN declarations with us
28 days at the standard rate according to the PAYG withholding
■■ keep a copy of completed TFN declarations for your records
tax tables. After 28 days, if the payee has not given you their TFN,
you must then withhold the top rate of tax from future payments, ■■ provide the payee’s TFN to their super fund where the payee
unless we tell you not to. quoted their TFN to you.

If your payee has not given you a completed form

you must:
■■ notify us within 14 days of the start of the withholding obligation
by completing as much of the payee section of the form as you
can. Print ‘PAYER’ in the payee declaration and lodge the form –
see ‘Lodging the form’.
■■ withhold the top rate of tax from any payment to that payee.

For a full list of tax tables, visit our website at

ato.gov.au/taxtables

Please return this completed form to:

AustralianSuper, Locked Bag 6, CARLTON SOUTH VIC 3053
or upload a copy via our website to australiansuper.com/email
Questions? Call 1300 300 273 or visit australiansuper.com/retirement 1497.1 05/22 ISS2 page 2 of 2
We’re here to help
Call
1300 300 273
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This Product Disclosure Statement was issued on 8 June 2022 by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788, Trustee of AustralianSuper
ABN 65 714 394 898, and may contain general information that does not take into account your personal objectives, situation or needs. Investment returns
are not guaranteed. Past performance is not a reliable indicator of future returns. Before making a decision about AustralianSuper, consider your financial
requirements and read this Product Disclosure Statement. 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

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Reader’s Digest Most Trusted Brands – Superannuation category winner for 10 years running 2013–2022, according to research conducted by independent
research agency Catalyst Research. AustralianSuper received the Canstar 5-Star Rating for Outstanding Value in Superannuation in 2022, and Account Based
Pension in 2021. Ratings are only one factor to be taken into account when choosing a super fund canstar.com.au/star-rating-reports/superannuation