Equip MyFuture. Insurance in your super. 24/7 cover. Types of cover available. Who is eligible for insurance cover in Equip

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1 Equip MyFuture Insurance in your super The information in this document forms part of the Product Disclosure Statement of Equip MyFuture dated 1 July Insurance in super can help provide you and your family with peace of mind that you or your dependants will be looked after if you pass away or become disabled and are unable to earn an income. Equip MyFuture offers you the flexibility to choose a level of cover that suits your needs. Payment of an insured benefit is subject to the terms and conditions of the insurance policies issued by Hannover Life Re of Australasia Ltd (ABN ; the insurer), taken out by Equip to cover its members. This guide explains the types of insurance cover offered to members of Equip MyFuture and provides a summary of the terms and conditions of the insurance policies taken out by Equip. It is important that you read this guide before making decisions about your insurance cover. For the definitions of important insurance words and terms, see the last page in this guide. For a copy of the full policy terms and conditions, please contact our Helpline. Words in bold have particular meanings and are explained at the end of this guide. 24/7 cover The insurance cover in Equip applies 24 hours a day, seven days a week whether you are at work or elsewhere. Types of cover available Death cover provides a lump sum insured benefit for your family should you die. You may also receive an advance payment of your benefit if you suffer from a terminal illness. Total and permanent disability (TPD) cover provides a lump sum benefit to help you cover your financial commitments if you become totally and permanently disabled. Salary continuance (SC) cover, also known as income protection, provides you with a monthly income if you re injured or ill and aren t able to work. SC cover helps you to continue paying your expenses while you are away from work for up to 2 years. Who is eligible for insurance cover in Equip To be eligible for insurance cover in Equip, you must be: an Australian citizen, a New Zealand citizen living and working in Australia, the holder of a permanent Australian visa, or living in Australia on a temporary skilled work visa; and older than 15; and younger than 65 for TPD and SC cover, and 70 for death cover. These are known as the eligibility conditions. Product Disclosure Statement (PDS) The information in this additional guide (Guide) forms part of the Product Disclosure Statement (PDS) for Equip MyFuture. The final authority on any issue relating to Equip is the Trust Deed governing Equip, any applicable Participation Agreement and the relevant insurance policy. This Guide is issued by the Trustee and contains a summary only. It is for general information and has been prepared without taking into account your personal objectives, financial situation or needs. You should consider whether this information is appropriate to your personal circumstances before acting on it and, if necessary, you should also seek professional financial advice. Where tax information is included you should consider obtaining personal taxation advice. This Guide was up to date at the time when it was prepared. Some information in this Guide is subject to change from time to time. If a change does not adversely affect you, we may update it by insertion on our website at and/or inclusion in the next available edition of our newsletter. Any updated information may be found by logging into the members' area of our website or calling our Helpline A paper copy of updated information will be given to you without charge on request. Equipsuper Pty Ltd ABN , AFSL ( Equip ) is the Trustee of the Equipsuper Superannuation Fund ABN ( the Fund ).

2 Death and total and permanent disablement (TPD) cover 2 How we calculate death and TPD cover Equip MyFuture offers the flexibility to choose how your death and TPD cover is calculated: Salary based cover is available if you re a permanent employee of one of our participating employers and that employer provides us with salary details. If you choose salary based cover, we calculate your cover as a multiple of your salary, with a gradual reduction applying from age 61. This is explained later in this guide. Unit based cover provides a set amount of cover based on your age. Fixed cover is a fixed amount of death and TPD cover that you nominate, with a gradual reduction applying from age 61. This is explained later in this guide. What death and TPD cover you get when you join Equip In most cases, you will receive death and TPD cover automatically when you become a member of Equip. The type and amount of cover you receive automatically will depend on whether your employer does or doesn t have an arrangement with Equip. Below is an overview of what cover you will receive when you first join Equip. If you re unsure which category you are in, your welcome letter will confirm the type of insurance cover you have. You can also contact Helpline on if you re unsure. If you don t meet the conditions for automatic cover described below, then you will not receive any automatic cover, and you need to apply if you want insurance in Equip. When you join with an employer who has chosen Equip as its default fund If you re a permanent employee and we receive your salary and employment status from your employer, you will automatically receive death and TPD cover equal to 4 times your salary (up to $1.2 million). If you re a permanent employee but your employer does not provide us with your salary or employment status when you first join, you will automatically receive 4 units of death and TPD cover. If you re a casual or other non-permanent employee, you will automatically receive 4 units of death and TPD cover. Conditions on automatic cover To receive death and TPD cover automatically: you must meet the eligibility conditions; and you must not already have another super account in Equip; and you must not be applying for, intending to apply for, or have been paid a TPD or terminal illness benefit from another super fund or Australian life insurer; and we must receive an employer contribution for you within 120 days of you starting with your new employer. Limited cover If your employer is considered high-risk, is PSGA (Securitas), Goodyear, or a member of the Traffic Management Association of Australia (TMAA), then all automatic death and TPD cover you receive is limited cover for 24 months. Your automatic death and TPD cover will also be limited cover for 24 months if you re not at work at the date your cover starts. After 24 months, your cover will no longer be limited cover once you have been at work for 30 consecutive days. A special opportunity to increase your cover when you join You may be able to increase your automatic death and TPD cover of 4 times salary or 4 units up to 6 times salary (up to $1.2 million) or 6 units within 120 days of starting with your new employer by completing the simple health questions on your membership application form. This is a simpler process than applying for increased cover later. When you join yourself or Equip is not your employer s default fund If your employer doesn t have a tailored arrangement with Equip, or if you don t have an employer, you will automatically receive 1 unit of death and TPD cover. Conditions on automatic cover To receive death and TPD cover automatically: you must meet the eligibility conditions; and you must not already have another account in Equip; and you must not be applying for, intending to apply for, or have been paid a TPD or terminal illness benefit from another super fund or Australian life insurer; and you must have a sufficient account balance to cover your first premium within 60 days. Limited cover Your automatic death and TPD cover is limited cover for 24 months. After 24 months, your cover will no longer be limited cover once you have been at work for 30 consecutive days.

3 Death and total and permanent disablement (TPD) cover 3 Automatic changes to the amount of your cover Salary based cover increases If your cover is based on a multiple of salary, your cover will automatically increase with your salary (up to $1.2 million) as long as your employer notifies us of your salary increase. Increases in death and TPD cover as a result of salary changes will take effect from the 1 January or 1 July following the date we are notified by your employer of your increased salary. If you are not at work on the date of the increase, the increased amount of your cover will be limited cover until you ve been at work for 30 consecutive days. If your salary decreases, the amount of your cover will not automatically decrease. Reduction of fixed or salary based cover If your death and TPD cover is fixed or salary based, your cover will gradually decrease from your 61st birthday. We reduce your cover each birthday, using the percentage reduction shown in the table below. Current age Death cover reduction TPD cover reduction 61 10% 20% 62 20% 40% 63 30% 60% 64 40% 80% 65 50% 100% 66 60% 67 70% 68 80% 69 90% % The above reduction percentages apply regardless of when your insurance cover commenced in Equip. So, for example, if you had fixed death and TPD cover of $1,000,000 your cover would start to decrease from your 61st birthday as follows: From age Death cover amount TPD cover amount 61 $900,000 $800, $800,000 $600, $700,000 $400, $600,000 $200, $500,000 $0 66 $400,000 $0 67 $300,000 $0 68 $200,000 $0 69 $100,000 $0 70 $0 $0 Unit based cover Unit based cover provides a set dollar amount of cover for each unit based on your age. We recalculate your death and TPD cover each birthday. The table below shows the value of a unit of cover. Age Death cover TPD cover Age Death cover TPD cover 15 $50,000 $50, $50,000 $50, $50,000 $50, $45,000 $45, $50,000 $50, $40,000 $40, $50,000 $50, $35,000 $35, $50,000 $50, $30,000 $30, $50,000 $50, $25,000 $25, $50,000 $50, $22,500 $22, $50,000 $50, $20,000 $20, $50,000 $50, $17,500 $17, $50,000 $50, $16,250 $16, $50,000 $50, $15,000 $15, $50,000 $50, $13,750 $13, $50,000 $50, $12,500 $12, $50,000 $50, $11,250 $11, $50,000 $50, $10,000 $10, $50,000 $50, $8,750 $8, $50,000 $50, $7,500 $7, $50,000 $50, $6,250 $6, $50,000 $50, $5,000 $5, $50,000 $50, $3,750 $3, $50,000 $50, $2,500 $2, $50,000 $50, $2,500 $1, $50,000 $50, $2,500 $0 38 $50,000 $50, $2,500 $0 39 $50,000 $50, $2,500 $0 40 $50,000 $50, $1,875 $0 41 $50,000 $50, $1,875 $0 42 $50,000 $50, $0 $0

4 Death and total and permanent disablement (TPD) cover 4 Changing your cover Equip MyFuture offers flexible insurance options to meet your changing needs and you can ask to change your death and TPD cover at any time. Decrease or cancel your cover You can choose to decrease or cancel your death or TPD cover when you join by completing your membership application form, or at any time by calling Helpline on or completing a Change your insurance cover form, available on our website equipsuper.com.au. Increase or change your cover To increase your death and TPD cover, you will need to complete a Change your insurance cover form and a Personal Statement, both of which are available on our website equipsuper.com.au. Depending on the amount of cover you re applying for, you may be asked for additional health evidence or to answer some extra questions. When you will need to complete the Personal Statement You will need to complete the Personal Statement when: you apply to increase your multiple of salary or unit based cover more than 120 days after you started with your new employer; you request to change your cover from fixed or unit based cover to a multiple of salary; your salary based cover is more than $1.2 million. Maximum cover amount Whilst death cover has no limit, TPD cover has a maximum cover limit of $3 million (including amounts of cover under all life policies from which you benefit, whether with Equip s insurer or any other Australian life insurer). You re covered while you re applying for cover If your application for cover or increased cover requires you to complete the Personal Statement and be underwritten, you will be covered by interim accident cover for the same type of cover that you have applied for (death, TPD, or death and TPD) while your application is being considered by the insurer. The amount of interim accident cover you are provided is the lower of the increase you re applying for and $1.5 million. An interim accident cover benefit is only payable if you suffer an injury that results in: your death (if your application was for death cover); you becoming totally and permanently disabled (if your application was for TPD cover). This interim accident cover applies from the date we receive your completed form and Personal Statement and ceases when: the insurer makes a decision on your application; you withdraw or cancel your application; 90 days has passed since your accident cover started; or all cover is terminated under the policy. Increase your cover after a life event You can apply to increase your death and TPD cover without completing a Personal Statement when: you get married; you get divorced; you purchase a residential home for your permanent residence with a mortgage of $100,000 or more; you and/or your partner give birth or adopt a child; or you take out a new business loan of more than $100,000. Your death and TPD cover will increase: If your cover is salary based cover, an extra one times salary; If your cover is unit based cover, an extra unit; or If your cover is fixed cover, the lower of 25% of your current automatic cover, $200,000, or the value of the loan. Your total amount of death and TPD cover will be limited to $1.2 million. You can apply for a life event increase by completing the Apply for a life event insurance cover increase form and returning it to us with the supporting evidence listed within 90 days of the event occurring. To be eligible you must meet the following conditions: you must already have death and TPD cover in Equip with no individual conditions, restrictions, exclusions or loadings applying to that cover; you must be under 55; you must be at work on the date the nominated event occurs and the date we accept your increased cover; you must not be applying for, intending to apply for, or have been paid a TPD or terminal illness benefit from another super fund or Australian life insurer; and you can only apply for an increase once per year, and only once for each life event. We will write to you once your increased cover has been accepted. The increased portion of your cover will be limited cover for 12 months. Combining your cover in Equip MyFuture If you have two accounts in Equip MyFuture, you can apply to combine them. The amount of any cover you have in each account will be added together and converted to fixed cover. Any individual restrictions, conditions, exclusions or loading will continue to apply unless the insurer agrees otherwise. To consolidate your accounts, please complete the Request to consolidate your Equip accounts form available from our website, equipsuper.com.au. Transferring your cover from your previous super fund You can transfer your death and TPD cover from your previous super fund to Equip without the need for underwriting, subject to a maximum of $600,000 of total cover within Equip. Your cover with your previous fund must not be subject to any premium loading, restriction or exclusion in regard to medical conditions. To apply to transfer your cover, you need to complete the Transfer your insurance cover to Equip form available from our website equipsuper.com. au and return it with a copy of your most recent benefit statement from your previous fund showing the type and amount of insurance you have. Once you have transferred cover into Equip, your total death and TPD cover will become fixed cover. We will write to you once cover has been accepted. To apply to transfer your cover: you must be under age 65; satisfactorily complete the Transfer your insurance cover to Equip form; have an account balance sufficient to pay for your insurance cover; and cancel your existing cover under your previous fund once the transfer of cover has been accepted by Equip; If you continue cover under your other fund, this will negate any right to claim under Equip s policy for the amount of the transferred cover.

5 Death and total and permanent disablement (TPD) cover 5 The cost of death and TPD insurance cover Below and over the page are the standard premium rates members pay for their cover. The annual cost of all death and TPD cover is calculated per $1,000 of cover. We deduct the cost of your cover on the last day of each month, based on your level of cover and age. If you don t have sufficient funds to pay your premium when it is due, your cover will cease. We will write to you if your account balance isn t sufficient to meet the upcoming deduction. If any aspect of your insurance cover requires completing the Personal Statement or other underwriting, your final premium is subject to assessment and confirmation by the insurer. The insurer may apply extra costs for your cover (this is known as a loading). Annual cost per $1,000 of cover The cost of cover is higher if you work for Goodyear, PSGA (Securitas), or if your employer is a member of the Traffic Management Association of Australia (TMAA). If you are transferring into Equip MyFuture after ceasing employment with Rio Tinto, Yancoal, QAL, Kestrel or an associated employer, then the cost of your cover will also be higher. The table shows the annual cost of $1,000 of death only or death and TPD insurance cover. Standard MyFuture Ex Rio Tinto, QAL, Yancoal or Kestrel TMAA & Goodyear PSGA (Securitas) Age next birthday Death Death and TPD Death Death and TPD Death Death and TPD Death Death and TPD $0.19 $0.43 $0.32 $0.73 $0.38 $0.86 $0.48 $ $0.20 $0.47 $0.34 $0.80 $0.40 $0.94 $0.50 $ $0.23 $0.51 $0.39 $0.87 $0.46 $1.02 $0.58 $ $0.24 $0.57 $0.41 $0.97 $0.48 $1.14 $0.60 $ $0.27 $0.63 $0.46 $1.07 $0.54 $1.26 $0.68 $ $0.30 $0.69 $0.51 $1.17 $0.60 $1.38 $0.75 $ $0.34 $0.78 $0.58 $1.33 $0.68 $1.56 $0.85 $ $0.39 $0.90 $0.66 $1.53 $0.78 $1.80 $0.98 $ $0.47 $1.08 $0.80 $1.84 $0.94 $2.16 $1.18 $ $0.53 $1.23 $0.90 $2.09 $1.06 $2.46 $1.33 $ $0.60 $1.38 $1.02 $2.35 $1.20 $2.76 $1.50 $ $0.68 $1.57 $1.16 $2.67 $1.36 $3.14 $1.70 $ $0.76 $1.76 $1.29 $2.99 $1.52 $3.52 $1.90 $ $0.87 $2.01 $1.48 $3.42 $1.74 $4.02 $2.18 $ $0.96 $2.22 $1.63 $3.77 $1.92 $4.44 $2.40 $ $1.09 $2.52 $1.85 $4.28 $2.18 $5.04 $2.73 $ $1.21 $2.82 $2.06 $4.79 $2.42 $5.64 $3.03 $ $1.38 $3.18 $2.35 $5.41 $2.76 $6.36 $3.45 $ $1.58 $3.67 $2.69 $6.24 $3.16 $7.34 $3.95 $ $1.78 $4.12 $3.03 $7.00 $3.56 $8.24 $4.45 $ $2.03 $4.68 $3.45 $7.96 $4.06 $9.36 $5.08 $ $2.28 $5.27 $3.88 $8.96 $4.56 $10.54 $5.70 $ $2.61 $6.02 $4.44 $10.23 $5.22 $12.04 $6.53 $ $3.04 $7.03 $5.17 $11.95 $6.08 $14.06 $7.60 $ $3.65 $8.44 $6.21 $14.35 $7.30 $16.88 $9.13 $ $4.17 $9.65 $7.09 $16.41 $8.34 $19.30 $10.43 $ $4.87 $11.25 $8.28 $19.13 $9.74 $22.50 $12.18 $ $5.61 $12.98 $9.54 $22.07 $11.22 $25.96 $14.03 $ $6.08 $14.07 $10.34 $23.92 $12.16 $28.14 $15.20 $ $6.69 $15.47 $11.37 $26.30 $13.38 $30.94 $16.73 $ $7.35 $12.50 $14.70 $ $8.09 $13.75 $16.18 $ $8.89 $15.11 $17.78 $ $9.79 $16.64 $19.58 $ $10.76 $18.29 $21.52 $26.90

6 Death and total and permanent disablement (TPD) cover 6 How to calculate the annual cost of death and TPD cover To calculate the cost of your cover divide the amount of cover you have by 1,000 and then multiply that value by the rate for your age shown in the table above. For example, if you are 37 years old and you have been provided with death and TPD cover of 4 times salary and your salary is $80,000, your death and TPD cover would be $320,000. The annual cost would be calculated as: Payment of TPD benefits Definitions of disablement If you were a permanent employee working 15 or more hours each week in the 6 months prior to the date of your disablement, you can receive a benefit if you meet either of definitions 1, 2, 3 or 4. If you were not a permanent employee, or were not working 15 or more hours each week in the 6 months prior to the date of your disablement, you can receive a benefit if you meet either of definitions 2, 3, or You are unlikely to return to work. You are unable to do any work as a result of injury or illness (whether physical or mental) for 3 consecutive months (the ing ) and, at the end of that 3 months, in the opinion of the insurer, you continue to be so disabled that you are unlikely to resume any occupation which you are reasonably capable of performing by reason of education, training or experience. In the event of a claim, the insurer will determine which definition applies to you based on your employment status. 2. You suffer the loss of limbs and/or sight You suffer the permanent and irrecoverable loss of use of: 2 limbs, or = ($320,000 1,000) x premium at age 38 next birthday = 320 x $0.51 = $ per annum You will also need to consider any loading the insurer may have applied to your cover. You can find details of any loading that applies to you on the communication you received when you were accepted for cover or from Helpline on Tax deductions on insurance premiums Equip claims a tax deduction on the costs we deduct from your account to pay for your insurance cover and passes this benefit back to you directly by reducing the amount of tax that is deducted from your account. This means you essentially receive a 15% refund of the cost of your insurance. the sight of both eyes, or one limb, and the sight of one eye and you continue to be so disabled that you are, in the insurer s opinion, unlikely to resume any occupation which you are reasonably capable of performing by reason of education, training or experience. 3. You suffer cognitive loss The insurer determines you have suffered permanent deterioration or loss of intellectual capacity which has required you to be under the continuous care and supervision of another adult person for at least 3 consecutive months (the ing ) and, at the end of that 3 month, you are likely to require permanent, on-going continuous care and supervision by another adult and you continue to be so disabled that, in the insurer s opinion, you are unlikely to resume any occupation which you are reasonably capable of performing by reason of education, training or experience. 4. You are unable to complete the Everyday Working Activities. You suffer an illness or injury that: has prevented you from being able to perform at least 2 of the Everyday Working Activities without assistance from another adult, despite the use of appropriate aids, for at least 6 consecutive months, and since you became ill or injured, you have been under the regular care and attention of a doctor for that illness or injury, and in the insurer s opinion, the illness or injury means that you are unlikely to ever again be able to perform at least 2 of the Everyday Working Activities without assistance from another adult, despite the use of appropriate aids, and in the insurer s opinion, your illness or injury means you are unlikely to ever again return to work for which you are reasonably capable of performing by reason of education, training or experience. Immediate assessment for certain illnesses and injuries If you are unable to perform your usual job as a result of suffering one or more defined medical conditions, the insurer will waive the usual 3 month ing and will start the assessment of your claim on receipt of your initial claim documentation. The illnesses and injuries that can be assessed immediately are blindness, cardiomyopathy, chronic lung disease, dementia and Alzheimer s disease, diplegia, hemiplegia, loss of hearing, loss of speech, major head trauma, motor neurone disease, multiple sclerosis, muscular dystrophy, paraplegia, Parkinson s disease, primary pulmonary hypertension, quadriplegia, severe burns, severe rheumatoid arthritis, and tetraplegia. Lodging a TPD claim after your cover has ceased A claim for TPD will not be paid if your date of disablement is after the date that your TPD cover ceased. If you had a formalised graded return to work which failed within 12 months, the date of disablement will be the date you first ceased work.

7 Death and total and permanent disablement (TPD) cover 7 Terminal illness benefit You may be eligible for a terminal illness benefit if you have a disease or condition that in the opinion of 2 doctors, who are approved by the insurer, including one who is a specialist practising in the relevant field, is likely to lead to your death within 24 months from the date of diagnosis. The immediate benefit payable to you will be the lesser of your death cover amount or $3 million. If your death cover is higher than $3 million, then any residual death cover will be paid following your death provided that you continue to be insured and pay the cost of your residual death cover. The date of diagnosis of the terminal illness must be after the date that insurance cover commenced and you must supply, at your own expense, supporting medical evidence from your doctors and any requested additional information. Should you lodge a claim for a terminal illness benefit, you will no longer be eligible for TPD cover. You will also no longer be eligible to increase the amount of your cover or reinstate cover you previously had. Exclusions when a death, TPD or terminal illness claim won t be paid No claim will be paid for any part of your death and TPD cover where it arose directly or indirectly as a result of: war, an act of war; or you having been in a country listed on the Department of Foreign Affairs & Trade website dfat.gov.au as subject to a Do not travel warning. For any increase in cover you applied and were accepted for which required you to complete the Personal Statement, no claim will be payable if it arises directly or indirectly as a result of: death caused by suicide in the 13 month commencing from the day that your increase in cover was accepted; disablement caused by self-inflicted injury or attempted suicide regardless of whether you were sane or insane at the time; and any other exclusions advised to you at the time of underwriting. How a death, TPD or terminal illness benefit is paid If a claim for a death, TPD or terminal illness benefit is approved, the insurer will pay the sum insured to Equip. We will credit the insurance proceeds to your account and invest them in the Equip Cash investment option until we receive withdrawal instructions.

8 Salary continuance cover 8 Salary continuance (SC) cover provides you with an income for up to 2 years if you are temporarily unable to work due to injury or illness. What cover can I get when I first join Equip You will not get any automatic SC cover when you join Equip, but if you join with an employer that has chosen Equip as its default fund, you may be able to apply for cover within 120 days of starting with your new employer by completing the simple health questions on your membership application form. My employer has chosen Equip as its default My employer is high-risk I do not have an employer or Equip is not my employer s default fund A special opportunity to apply for SC cover within 120 days of starting with your employer By completing the simple health statement on your membership form, you can apply for SC cover of 75% or 85% of salary, up to $10,000 per month. The ing is 90 days. By completing the simple health statement on your membership form, you can apply for fixed SC cover of up to $3,000 cover per month. The ing is 90 days. Not applicable. See below for details on applying for SC cover. Applying for SC cover To apply for SC cover, you will need to complete a Change your insurance cover form and a Personal Statement, both of which are available on our website, equipsuper.com.au. Depending on the amount of cover you re applying for, the insurer may ask for additional health evidence or to answer some extra questions. Maximum cover amount You can apply for SC cover of up to $30,000 per month. You re covered while you re applying for cover If your SC application requires you to fill in a Personal Statement, you will be covered by interim accident cover while your application is being considered by the insurer. The amount of interim accident cover you are provided is the lower of the increase you re applying for and $10,000 a month. An interim accident cover benefit is only payable if you become totally disabled following an injury, and is only payable for a maximum of 24 months, after a 90 day ing. This interim accident cover applies from the date we receive your completed form and Personal Statement and ceases when: the insurer makes a decision on your application; you withdraw or cancel your application; 90 days has passed since your accident cover started; or all cover is terminated under the policy. Salary based cover increases If your SC cover is based on a salary percentage, your cover can automatically increase (up to a maximum of $10,000 a month) as long as your employer notifies us of your salary increase. Increases in SC as a result of salary changes will take effect from the 1 January or 1 July following the date we are notified by your employer of your increased salary. If you are not at work on the date of the increase, the increased amount of your cover will be limited cover until you ve been at work for 30 consecutive days. If your salary decreases, the amount of your SC cover will automatically decrease from the next 1 January or 1 July. Waiting s Any claim for an SC benefit is subject to a ing, which is the time you need to before your claim can be assessed. If you need to make a claim, your ing starts from the date you first receive medical advice from a doctor who certifies that you were totally disabled on that day. At the end of the ing and once your claim has been accepted, payment will be made during the following month and will cover any amounts in arrears commencing from the end of the ing. When applying for cover, you can choose a ing of 90, 60 or 30 days. Shorter ing s attract higher premium rates and may require you to answer more questions about your health and work status. What if I return to work during the ing? If you return to work during the ing and the return proves unsuccessful due to the injury or illness causing total disability, then the original ing will continue if you returned to work for no more than 10% of the ing. The cost of SC insurance cover The annual cost of SC cover is calculated per $1,000 of annual cover. We deduct the cost of your cover from your account on the last day of each month, based on your level of cover and age. If your account does not have sufficient funds to pay your premium when it is due, your cover will cease. We will write to you if your account balance isn t sufficient to meet the upcoming deduction. The cost of cover is higher if you work for PSGA (Securitas) or if your employer is a member of the Traffic Management Association of Australia (TMAA). The tables following this section show the annual cost per $1,000 of cover. If any aspect of your insurance cover requires completing the Personal Statement or other underwriting, your final premium is subject to assessment and confirmation by the insurer. The insurer may apply extra costs for your cover (this is known as a loading). Tax deductions on insurance premiums Equip claims a tax deduction on the costs we deduct from your account to pay for your insurance cover and passes this benefit back to you directly by reducing the amount of tax that is deducted from your account. This means you essentially receive a 15% refund of the cost of your insurance.

9 Salary continuance cover 9 Age next birthday 30 day Females 60 day Standard MyFuture 90 day 30 day Males 60 day 90 day $3.69 $3.14 $1.53 $2.64 $2.24 $ $2.87 $2.44 $1.14 $2.64 $2.24 $ $2.92 $2.48 $1.16 $2.67 $2.27 $ $2.96 $2.51 $1.13 $2.71 $2.30 $ $3.00 $2.55 $1.11 $2.75 $2.33 $ $3.03 $2.58 $1.09 $2.77 $2.36 $ $3.07 $2.61 $1.06 $2.82 $2.39 $ $3.09 $2.62 $1.04 $2.85 $2.40 $ $3.20 $2.72 $1.03 $2.86 $2.43 $ $3.27 $2.77 $1.02 $2.93 $2.48 $ $3.37 $2.86 $1.02 $3.01 $2.56 $ $3.47 $2.95 $1.03 $3.10 $2.63 $ $3.59 $3.05 $1.04 $3.20 $2.72 $ $3.72 $3.16 $1.06 $3.32 $2.82 $ $3.93 $3.34 $1.16 $3.30 $2.81 $ $4.23 $3.59 $1.21 $3.42 $2.91 $ $4.38 $3.73 $1.26 $3.47 $2.95 $ $4.68 $3.97 $1.32 $3.64 $3.09 $ $5.01 $4.26 $1.40 $3.81 $3.23 $ $5.41 $4.60 $1.48 $4.02 $3.41 $ $5.90 $5.02 $1.58 $4.22 $3.59 $ $6.08 $5.18 $1.68 $4.35 $3.69 $ $6.46 $5.50 $1.82 $4.61 $3.92 $ $6.78 $5.77 $2.10 $4.85 $4.12 $ $7.03 $5.97 $2.21 $5.02 $4.27 $ $7.42 $6.31 $2.47 $5.30 $4.51 $ $7.92 $6.73 $2.60 $5.66 $4.81 $ $8.09 $6.88 $2.97 $5.78 $4.91 $ $8.69 $7.38 $3.21 $6.20 $5.27 $ $9.23 $7.86 $3.44 $6.60 $5.61 $ $9.77 $8.30 $3.78 $6.97 $5.92 $ $10.12 $8.60 $4.12 $7.60 $6.45 $ $10.78 $9.16 $4.50 $8.08 $6.87 $ $11.51 $9.78 $4.93 $8.64 $7.34 $ $12.43 $10.57 $5.41 $9.32 $7.93 $ $13.45 $11.43 $5.94 $10.08 $8.57 $ $14.56 $12.38 $6.67 $11.13 $9.46 $ $15.66 $13.31 $7.33 $11.97 $10.17 $ $17.03 $14.47 $8.50 $12.94 $11.06 $ $18.56 $15.78 $9.20 $14.18 $12.06 $ $20.27 $17.24 $10.24 $15.50 $13.17 $ $22.19 $18.87 $11.33 $16.97 $14.42 $ $24.14 $20.52 $12.45 $18.44 $15.68 $ $26.54 $22.56 $14.10 $20.29 $17.24 $ $27.62 $23.48 $16.98 $24.67 $20.97 $ $23.42 $19.90 $13.92 $20.90 $17.77 $ $15.30 $13.01 $5.39 $13.66 $11.61 $4.46 Age next birthday 30 day Females 60 day 90 day TMAA 30 day Males 60 day 90 day $11.07 $9.42 $4.59 $7.92 $6.72 $ $8.61 $7.32 $3.42 $7.92 $6.72 $ $8.76 $7.44 $3.48 $8.01 $6.81 $ $8.88 $7.53 $3.39 $8.13 $6.90 $ $9.00 $7.65 $3.33 $8.25 $6.99 $ $9.09 $7.74 $3.27 $8.31 $7.08 $ $9.21 $7.83 $3.18 $8.46 $7.17 $ $9.27 $7.86 $3.12 $8.55 $7.20 $ $9.60 $8.16 $3.09 $8.58 $7.29 $ $9.81 $8.31 $3.06 $8.79 $7.44 $ $10.11 $8.58 $3.06 $9.03 $7.68 $ $10.41 $8.85 $3.09 $9.30 $7.89 $ $10.77 $9.15 $3.12 $9.60 $8.16 $ $11.16 $9.48 $3.18 $9.96 $8.46 $ $11.79 $10.02 $3.48 $9.90 $8.43 $ $12.69 $10.77 $3.63 $10.26 $8.73 $ $13.14 $11.19 $3.78 $10.41 $8.85 $ $14.04 $11.91 $3.96 $10.92 $9.27 $ $15.03 $12.78 $4.20 $11.43 $9.69 $ $16.23 $13.80 $4.44 $12.06 $10.23 $ $17.70 $15.06 $4.74 $12.66 $10.77 $ $18.24 $15.54 $5.04 $13.05 $11.07 $ $19.38 $16.50 $5.46 $13.83 $11.76 $ $20.34 $17.31 $6.30 $14.55 $12.36 $ $21.09 $17.91 $6.63 $15.06 $12.81 $ $22.26 $18.93 $7.41 $15.90 $13.53 $ $23.76 $20.19 $7.80 $16.98 $14.43 $ $24.27 $20.64 $8.91 $17.34 $14.73 $ $26.07 $22.14 $9.63 $18.60 $15.81 $ $27.69 $23.58 $10.32 $19.80 $16.83 $ $29.31 $24.90 $11.34 $20.91 $17.76 $ $30.36 $25.80 $12.36 $22.80 $19.35 $ $32.34 $27.48 $13.50 $24.24 $20.61 $ $34.53 $29.34 $14.79 $25.92 $22.02 $ $37.29 $31.71 $16.23 $27.96 $23.79 $ $40.35 $34.29 $17.82 $30.24 $25.71 $ $43.68 $37.14 $20.01 $33.39 $28.38 $ $46.98 $39.93 $21.99 $35.91 $30.51 $ $51.09 $43.41 $25.50 $38.82 $33.18 $ $55.68 $47.34 $27.60 $42.54 $36.18 $ $60.81 $51.72 $30.72 $46.50 $39.51 $ $66.57 $56.61 $33.99 $50.91 $43.26 $ $72.42 $61.56 $37.35 $55.32 $47.04 $ $79.62 $67.68 $42.30 $60.87 $51.72 $ $82.86 $70.44 $50.94 $74.01 $62.91 $ $70.26 $59.70 $41.76 $62.70 $53.31 $ $45.90 $39.03 $16.17 $40.98 $34.83 $13.38

10 Salary continuance cover 10 Age next birthday 30 day Females 60 day PSGA (Securitas) 90 day 30 day Males 60 day 90 day $9.23 $7.85 $3.83 $6.60 $5.60 $ $7.18 $6.10 $2.85 $6.60 $5.60 $ $7.30 $6.20 $2.90 $6.68 $5.68 $ $7.40 $6.28 $2.83 $6.78 $5.75 $ $7.50 $6.38 $2.78 $6.88 $5.83 $ $7.58 $6.45 $2.73 $6.93 $5.90 $ $7.68 $6.53 $2.65 $7.05 $5.98 $ $7.73 $6.55 $2.60 $7.13 $6.00 $ $8.00 $6.80 $2.58 $7.15 $6.08 $ $8.18 $6.93 $2.55 $7.33 $6.20 $ $8.43 $7.15 $2.55 $7.53 $6.40 $ $8.68 $7.38 $2.58 $7.75 $6.58 $ $8.98 $7.63 $2.60 $8.00 $6.80 $ $9.30 $7.90 $2.65 $8.30 $7.05 $ $9.83 $8.35 $2.90 $8.25 $7.03 $ $10.58 $8.98 $3.03 $8.55 $7.28 $ $10.95 $9.33 $3.15 $8.68 $7.38 $ $11.70 $9.93 $3.30 $9.10 $7.73 $ $12.53 $10.65 $3.50 $9.53 $8.08 $ $13.53 $11.50 $3.70 $10.05 $8.53 $ $14.75 $12.55 $3.95 $10.55 $8.98 $ $15.20 $12.95 $4.20 $10.88 $9.23 $ $16.15 $13.75 $4.55 $11.53 $9.80 $ $16.95 $14.43 $5.25 $12.13 $10.30 $ $17.58 $14.93 $5.53 $12.55 $10.68 $ $18.55 $15.78 $6.18 $13.25 $11.28 $ $19.80 $16.83 $6.50 $14.15 $12.03 $ $20.23 $17.20 $7.43 $14.45 $12.28 $ $21.73 $18.45 $8.03 $15.50 $13.18 $ $23.08 $19.65 $8.60 $16.50 $14.03 $ $24.43 $20.75 $9.45 $17.43 $14.80 $ $25.30 $21.50 $10.30 $19.00 $16.13 $ $26.95 $22.90 $11.25 $20.20 $17.18 $ $28.78 $24.45 $12.33 $21.60 $18.35 $ $31.08 $26.43 $13.53 $23.30 $19.83 $ $33.63 $28.58 $14.85 $25.20 $21.43 $ $36.40 $30.95 $16.68 $27.83 $23.65 $ $39.15 $33.28 $18.33 $29.93 $25.43 $ $42.58 $36.18 $21.25 $32.35 $27.65 $ $46.40 $39.45 $23.00 $35.45 $30.15 $ $50.68 $43.10 $25.60 $38.75 $32.93 $ $55.48 $47.18 $28.33 $42.43 $36.05 $ $60.35 $51.30 $31.13 $46.10 $39.20 $ $66.35 $56.40 $35.25 $50.73 $43.10 $ $69.05 $58.70 $42.45 $61.68 $52.43 $ $58.55 $49.75 $34.80 $52.25 $44.43 $ $38.25 $32.53 $13.48 $34.15 $29.03 $11.15 How to calculate the annual cost of SC cover To calculate the cost of your cover divide the amount of cover you have by 1,000 and then multiply that value by the rate for your sex, age and ing shown in the table above. For example, if you were a 37 year old male and your salary was $80,000, the salary continuance cover that you could obtain if you chose a 90 day ing and a 75% benefit would be $60,000 per annum ($80,000 x 75%). This would give you a monthly benefit of $5,000 for up to 2 years. The annual cost for this amount of cover would be calculated as: = ($ 60,000 1,000) x premium for a male aged 38 next birthday = 60 x $1.37 = $82.20 per annum You will also need to consider any loading the insurer may have applied to your cover. You can find details of any loading that applies to you on the communication you received when you were accepted for cover or from Helpline on Payment of SC benefits An SC benefit is paid to you when you: suffer a total disability; or are partially disabled after being totally disabled for a of at least 7 days out of 12 consecutive days. You will receive the lesser of your insured cover or 75% of your monthly income plus up to a 10% superannuation contribution (if you elected the 85% benefit), paid monthly for up to 2 years from the expiry of your chosen ing. The benefit you receive may be reduced by any other disability income you receive, including any benefit under any workers compensation, motor accident compensation or other similar State, Federal or Territory legislation, and payments by way of sick leave or any other entitlement to payment from your employer that arises as a result of incapacity, or any other income derived as a result of incapacity under any other insurance policy. If you return to work in a reduced capacity during that 2 year, you may still receive a partial benefit. The amount payable would be reduced by any actual monthly income earned or income the insurer reasonably estimates that you were capable of earning during the month of partial disability. The calculation of your monthly income used for paying an SC benefit is determined by your employment circumstances immediately prior to the date of disability. If you were a permanent employee working 15 or more hours per week with an employer who has chosen Equip as its default fund, then your monthly income is considered to be one twelfth of the annual pre-tax salary from your employer that applied immediately before you were disabled (excluding all other payments your employer might pay you and excluding any income derived from a source other than your employer). If you directly or indirectly own all or part of the business or practice that is your employer, your monthly income is one twelfth of the annual share of the income of that business or practice generated by you in the previous 12 months after the deduction of your share of expenses in generating that income.

11 Salary continuance cover General insurance information 11 Otherwise, your monthly income is one twelfth of the pre-tax income you received over the 12 months immediately prior to your date of disability. The insurer will regularly review your disablement and income status to ensure you are still eligible for SC payments during the 2 year benefit. How an SC benefit is paid If your claim for an SC benefit is approved, the insurer will pay you directly. If you chose the 85% benefit option to help cover your super contributions, then 10% of your benefit will be paid directly to your account in Equip. Indexation After 12 continuous months of receiving the income benefit, we will increase your monthly benefit by the lesser of the annual CPI percentage increase or 5%. Approved rehabilitation benefit If you suffer partial or total disability and there is a rehabilitation program that is likely to assist with your return to work, you can ask the insurer to approve that rehabilitation program and if it does, the insurer may pay for the cost of the program in addition to any benefit that is payable to you. Exclusions when an SC claim won t be paid No claim will be paid where it arose directly or indirectly as a result of: war, an act of war; you having been in a country listed on the Department of Foreign Affairs & Trade website dfat.gov.au as subject to a Do not travel warning; self-inflicted harm or attempted suicide, regardless of whether you were sane or insane at the time; normal and uncomplicated pregnancy or childbirth. This exclusion includes multiple pregnancy, threatened or actual miscarriage, participation in an IVF or similar programme, discomfort commonly associated with pregnancy (such as morning sickness, backache, varicose veins, ankle swelling, bladder problems); your participation in a criminal act; your job being considered as a hazardous occupation (see below) and the insurer has not given prior approval; or any other exclusions advised to you at the time of underwriting. Information required by the insurer when claiming If you make a claim, the insurer will ask you to provide information to support your claim. The cost of providing this information is at your own expense however if you are asked to attend an interview or medical appointment arranged for you by the insurer, the insurer will pay the cost of it. Hazardous occupations Generally, SC is not available if you work in one of the hazardous occupations listed below. If you already have SC cover and change to an occupation that is listed below, you will need to apply for approval from the insurer to continue your SC cover by completing the Hazardous occupation advice form available for download from our website. Note that no claim will be payable if your job is considered hazardous without the insurer having given prior approval. Hazardous jobs include any of the following: working as a support person, domestic helper or carer (whether in a paid capacity or not) for an organization which provides such services to persons suffering from Acquired Immune Deficiency Syndrome (AIDS); air traffic controller; commercial pilot; professional sport person; earth drilling, mineral exploration, miner or person working with explosives; professional entertainer such as actor, dancer, musician and stage performer; fireman or policeman; fisherman; forestry worker; workers in the horse racing industry such as a trainer, jockey and strapper; workers whose work requires them to work at heights such as rigger, scaffolder, roof worker and antenna erector; offshore oil rig worker; security guard, doorman, bouncer, or person employed in crowd control; sheltered workshop employee; seasonal worker or employees in industries with casual workforces; underground or underwater worker; sex worker.

12 12 What happens to my cover while I am on employer approved leave? Your death, TPD and SC cover will continue while you are on leave, provided there are sufficient funds in your account to pay for the insurance premiums. What happens to my cover if I am overseas? Any death, TPD or SC cover you have with us will continue if you choose to work overseas provided that you remain a member of Equip and continue to meet the eligibility conditions. You may also need to return to Australia to make a TPD, terminal illness or SC claim. If you become entitled to a SC benefit whilst you are overseas, the benefit only be paid for a total of 6 months whilst you remain overseas. However, if you remain entitled to the benefit, your benefit will again commence being paid from the date you return to Australia. What happens to my cover if I leave my employer? The death, TPD and SC insurance cover you held will continue after the date you ceased employment providing you maintain a sufficient account balance to meet the cost of your cover. When your insurance stops Your insurance cover will cease under certain circumstances including: you reach your maximum insurable age (65 for TPD and SC, and 70 for death); you commence service with the armed forces of any country other than the Australian Defence Force Reserves whilst performing duties in Australia; you cease to be an Australian citizen, a New Zealand citizen living and working in Australia, the holder of a permanent Australian visa, or you stop living in Australia on a temporary skilled work visa; you are the subject of a fraudulent claim; you have insufficient funds in your account to meet the next premium that falls due; you cease to be an Equip member; your benefit transfers to the Eligible Rollover Fund; you die; you advise us that you no longer wish to be covered; for death and TPD, you or your dependants claim a benefit and the Insurer admits that benefit; for terminal illness, when we admit and pay a claim equal to your total death benefit. Once your cover ceases, it will not restart automatically. You will need to apply for cover, and will need to complete underwriting. Insurance words and terms At work means you are performing all the duties and hours of your usual job or are on employer approved leave, but are otherwise able to attend work and perform all your normal duties without restriction due to illness or injury. Doctor is a registered medical practitioner who is legally qualified and properly registered to practice in Australia, New Zealand, the United Kingdom, the United States of America, Canada or such place as otherwise agreed by the insurer. That person may not be the member, the member s business partner or employer, or an immediate family member. Eligibility conditions mean the conditions that you need to meet in order to receive or maintain your insurance cover in Equip. You must be: an Australian citizen, a New Zealand citizen living and working in Australia, the holder of a permanent Australian visa, or living in Australia on a temporary skilled working visa; and older than 15; and younger than 65 for TPD and SC cover, and 70 for death cover. Everyday Working Activities means: Mobility you cannot: walk more than 200m on a level surface without stopping due to breathlessness; or bend, kneel or squat to pick something up from the floor and straighten up again; or get in and out of a standard sedan car. Communicating you cannot: speak in your first language so that you are understood in a quiet room, nor can you hear (even with a hearing aid or other aid) an instruction given in a normal voice in your first language in a quiet room; or understand a simple message in your first language, and relay that message to another person. Vision you cannot: even with glasses, read ordinary newsprint; and pass the standard eyesight test for a car licence. Lifting you cannot: lift, carry or move objects weighing up to 5kg using your hands. Manual dexterity you cannot: use your hands or fingers to manipulate small objects with precision. Limited cover means you are only covered for any illnesses or injuries that are first diagnosed after your cover starts, restarts or increases. Loading means the additional cost that the insurer has applied to you for your cover. A loading may be applied by the insurer during the underwriting process if aspects of your health or occupation mean you present a higher risk. Loss of use of means: the permanent loss of sight as a result of illness or injury to the extent that the visual acuity on the Snellen Scale eye chart is 6/60 or less in both eyes, or to the extent that visual field is reduced to 20 degrees or less of arc irrespective of corrected visual acuity, or the loss of the use of a leg from at or above the ankle, or an arm from at or above the wrist, which is permanent.