fees and charges
administration fees
Each Member in the Fund (including inactive members) is charged $1.50 ($3.50 for pensioner members) per week member fee, plus up to 0.21% p.a. of the balance (estimate) for administration.
Where the actual expenses incurred by the Fund are less than the amount financed by the 0.21% p.a. deduction, the additional amount is credited back to you accounts via an (upwards) adjustment to the Fund unit price.
investment fees
There is a fee for managing the Fund’s investments. These fees are deducted before investment earnings are credited to Member accounts.
Investment fees are as follows:
| Super Growth | 0.56% to 0.66% pa of the balance |
| Super Balanced | 0.40% to 0.47% pa of the balance |
| Super Stable | 0.31% to 0.35% pa of the balance |
| Super Cash | 0.15% pa of the balance |
| Australian Shares | 0.46% pa of the balance |
| International Shares | 0.59% pa of the balance |
| Australian Property | 0.15% pa of the balance |
| Global Property | 0.71% pa of the balance |
| Fixed Income | 0.31% pa of the balance |
switching fee
There are no fees charged for switches however a buy/sell spread will apply. The buy/sell spreads for the Fund's investment options are:
| Super Growth | 0.55% (55 basis points) |
| Super Balanced | 0.40% (40 basis points) |
| Super Stable | 0.18% (18 basis points) |
| Super Cash | zero (0 basis points) |
| Australian Shares | 0.60% (60 basis points) |
| International Shares | 0.50% (50 basis points) |
| Australian Property | 0.40% (40 basis points) |
| Global Property | 0.70% (70 basis points) |
| Fixed Interest | zero (0 basis points) |
withdrawal fee
A benefit processing fee of $55.00 may be charged when you leave the Fund. This fee covers the preparation of the benefit and all associated taxation documentation. This fee does not fully cover the cost of benefit processing, the difference being borne by the Fund.
small accounts - fee protection
If you have an account balance of less than $1,000 you will not be charged an administration fee.
If you joined after 1 July 1995 and have a balance of less than $1,000 you will not pay a benefit processing fee.
small accounts - transfer to an eligible rollover fund
If you have an account balance of less than $1,300 and we receive no contributions on your account for more than a year, we will notify you of our intention to send your account to an eligible rollover fund. If we do not hear from you this transfer will be automatic.