BUSSQ MYSUPER BUSSQ.COM.AU PRODUCT DISCLOSURE STATEMENT

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1 BUSSQ MYSUPER PRODUCT DISCLOSURE STATEMENT 01. About BUSSQ 02. How super works 03..Benefits of investing in BUSSQ MySuper 04. Risks of super 05. How BUSSQ invests your money 06. Fees and costs 07. How super is taxed 08. Insurance in your super 09. How to open a BUSSQ account ISSUED: 30 SEPTEMBER 2017 BEFORE YOU START This Product Disclosure Statement (PDS) contains a summary of significant information about BUSSQ s MySuper product. As you read this information you will notice references to other information which can be found in the Super Handbook and Insurance Handbook available on our website bussq.com.au, or call us and we will send you a copy. You should consider the information in both of these documents before making a decision about BUSSQ MySuper. This PDS contains general information only and does not take into account your objectives, personal financial situation or needs. You should obtain financial advice tailored to your personal circumstances. BUSSQ.COM.AU

2 01. ABOUT BUSSQ BUSSQ is an industry fund that has been providing superannuation to the building, construction and civil industries for more than 30 years. We re a national fund committed to our members financial security, now and into the future. As an industry fund, all profits are returned to members and no commissions are paid to any person to recommend BUSSQ. This means more money in your pocket for a comfortable retirement. Anyone can join BUSSQ, so no matter what industry you work in or where you live, BUSSQ is here to assist you to achieve your retirement goals. BUSSQ MySuper is an authorised MySuper product. BUSSQ also offers a Premium Choice superannuation account, a Retirement Income Account and a complying Term Allocated Pension, which accepts rollovers of Pensions of this type from other funds. More information about these other products can be found at bussq.com.au. On our website, under disclosure, you will also find information about BUSSQ s executive and director remuneration, and our product dashboards. 02. HOW SUPER WORKS ABOUT SUPER Super is a way to save for your retirement. The money comes from contributions made into your super fund by your employer and ideally, topped up by your own money. You may also be eligible for certain government contributions. Under current legislation, your employer must pay a percentage of what you earn into a super fund. This is called the Superannuation Guarantee (SG). The SG is currently legislated at 9.5% until 2021 *. You may work under an agreement which means your employer must pay you a higher rate of super. There are limitations on contributions to superannuation, including contribution caps. Most people have the right to choose which super fund their employer pays their SG contributions into. Inside your chosen fund your money is invested and grows over time, so that when you retire you will have money to live off. There are a number of benefits of investing in super: Tax advantages for most people, super will be taxed at a lower rate than a similar investment outside super. Cheaper insurance you may get Death, Total and Permanent Disability (TPD) or Income Protection insurance through your super account at a cheaper price than if you bought it outside super. BUSSQ insurance covers occupations that other super funds may not. Bonus contributions from the government depending on how much money you earn and how you contribute to your super. If you retire and have reached your preservation age, you can withdraw your super. You can work out your preservation age using the table below. There are three ways you can get access to your super: As a lump sum, As a retirement income stream (e.g. a monthly payment), or A combination of both. You can only access your super before you retire under certain conditions such as disablement or financial hardship. Call us for more information. Understanding how super works can bring great benefits whether you are just starting out, are close to retirement or have already retired. Getting to know the basics is a great start to making sure your super future is bright. We d love to tell you more, just call us. *Superannuation legislation, including SG rates, may change at any time. PRESERVATION AGE ( IF YOU WERE BORN YOU CAN ACCESS YOUR SUPER AT AGE Before 1 July July 1960 to 30 June July 1961 to 30 June July 1962 to 30 June July 1963 to 30 June July 1964 or after 60 To learn more about how super works and how you can get the most out of it go to the Australian Government s MoneySmart website moneysmart.gov.au and click on the Super and retirement tab. 2 BUSSQ MYSUPER

3 03. BENEFITS OF INVESTING IN BUSSQ MYSUPER Strong investment returns BUSSQ is one of Australia s top performing super funds and has consistently outperformed other super funds over the short and long term. BUSSQ has also been awarded SuperRatings 7 Year Platinum Rating Low fees BUSSQ keeps its fees low to ensure more money goes into your account. There are NO establishment or contribution fees and the direct administration fee is only $1.50 per week. Insurance flexibility BUSSQ s insurance products are designed to provide you with a simple, low cost alternative when it comes to purchasing insurance. National Fund - BUSSQ services members and employers in all states and territories. Industry-leading arrears process BUSSQ is committed to making sure you receive the super you re entitled to. BUSSQ s highly skilled Arrears team works closely with unions, employers and major contractors to help you get the super you ve worked hard for. Financial advice at no extra cost * BUSSQ owns Skylight Financial Solutions which offers BUSSQ members straightforward limited financial advice about their super, including choosing insurance, investments and contributions, at no extra cost. Skylight also offers complex superannuation advice, and advice on your whole financial situation, including insurance, shares, estate planning, aged care and SMSF s on a fee for service basis. *Advice can be provided in person or over the phone. Members who receive complex advice and non members who receive advice will be billed at the rate of $150 per hour including GST. 04. RISKS OF SUPER All investments carry risk. Different investment strategies carry different levels of risk, depending on the investments that make up the strategy. Investments with the highest long term returns may also carry the highest level of short term risk. The likely investment return and the level of risk of losing money is different for each investment option depending on the underpinning mix of assets. When considering your investment in super, it is important to understand that: The value of investments will vary The level of returns will vary and future returns may differ from past returns Returns are not guaranteed and you may lose some of your money Superannuation laws may change in the future The amount of your future super savings (including contributions and returns) may not be enough to provide adequately for your retirement The level of risk for each person will vary depending on a range of factors, including your age, investment time frame, where other parts of their wealth are invested and your tolerance to risk Other products provided as part of your superannuation, such as your insurance, may not suit your needs You should read the important information about the risks of super before making a decision. Go to the Super Handbook which can be downloaded at bussq.com.au. The material relating to the risks of super may change between the time you read this Statement and the day when you acquire the product. Want more flexibility and control over your super? CHOOSE BUSSQ PREMIUM CHOICE Additional insurance options including fixed cover and income protection Insurance options to suit contractors and the selfemployed 11 investment options The same low administration fees Personalised service when you need it Joining or upgrading to BUSSQ Premium Choice is easy as 1, 2, 3. Visit bussq.com.au and follow the prompts to join. 3

4 05. HOW BUSSQ INVESTS YOUR MONEY You should read the important information about how BUSSQ invests your money before making a decision. Go to the Super Handbook which can be downloaded at bussq.com.au. The material relating to how BUSSQ invests your money may change between the time you read this Statement and the day when you acquire the product. When you become a member of BUSSQ MySuper, your super is invested automatically in a single diversified investment option Balanced Growth. Overview - Designed for medium to long term investors, BUSSQ s MySuper investment option is a diversified, pre-mixed option. It provides a mix of growth and defensive assets such as shares, property and fixed interest securities. The frequency of a negative return is expected to be once in seven years *. Investment objectives - For the annual rate credited to members to exceed the change in the Consumer Price Index by + 4% per annum. Asset allocation ranges Suggested minimum time horizon: Risk factor: Australian Shares International Shares Property Infrastructure Fixed Interest Opportunistic Debt Agriculture Cash Global Private Equity At least five years. 1 Very Low Low Low to Medium Medium Medium to High 20 40% 15 35% 5 20% 5 20% 5 20% 0 10% 0 10% 0 10% 0 10% High Very High CHOOSING OR CHANGING YOUR INVESTMENT OPTION If you would like the ability to choose where your super is invested you can upgrade to BUSSQ s Premium Choice account at no extra cost. With Premium Choice you can choose from 11 investment options that deliver the potential for higher returns, greater relative security or a mix of both. You can select whatever suits your investment objectives, time frame and tolerance for risk. Importantly you are not tied down to one investment strategy. For more information please call us on 1800 MY BUSSQ ( ). WHO BUSSQ INVESTS YOUR SUPER WITH BUSSQ is constantly monitoring markets and their impact on our investment portfolio. BUSSQ share portfolios are managed by a range of experienced and skilled investment managers who use a disciplined investment process to identify good quality stocks. BUSSQ remains committed to managing a well diversified portfolio that is designed to provide good returns over the long term. The Fund s asset allocation is sometimes adjusted in line with changes in the market and to meet the stated investment strategy of the option. You will be advised 30 days before any significant change to the asset allocation is undertaken. BUSSQ s investment committee interviews and selects specialist investment managers for each of the asset classes. They are selected on a management and performance basis and they are required to report regularly to the Board. The investment managers are constantly monitored by the Trustee. Details of where funds are invested can be found in the BUSSQ Annual Report which can be downloaded from bussq.com.au or call us for a copy on 1800 MY BUSSQ ( ). LABOUR STANDARDS AND ENVIRONMENTAL, SOCIAL AND ETHICAL CONSIDERATIONS BUSSQ has a policy to take account of labour standards, environmental, social and ethical considerations when selecting, retaining or redeeming the investments of BUSSQ. However, investments and investment managers are selected primarily on their ability to contribute toward the achievement of BUSSQ s investment objectives. *The frequency of a negative return is based on BUSSQ s investment consultant s capital market assumptions and is not guaranteed. Refer to BUSSQ s most recent Annual Report and website for actual returns. 4 BUSSQ MYSUPER

5 JOIN BUSSQ MYSUPER You can also join online at bussq.com.au Please complete and sign this form and return to: BUSSQ GPO Box 2775, Brisbane Qld 4001 Are you already a BUSSQ member? NO YES, my member number is 1 PERSONAL DETAILS Mr/Mrs/Ms/Miss Given names Surname Date of birth (dd/mm/yyyy) Gender (M/F) Daytime contact number Mobile BUSSQ uses your address to provide important updates about your super. We won t pass on your information to anyone and you can opt out of communication at any time. Postal address Suburb/Town State Postcode Street address Suburb/Town State Postcode 2 YOUR TAX FILE NUMBER (TFN) You don t have to provide your TFN and it s not an offence if you don t. If you do BUSSQ will only use it for purposes approved by law, including finding and identifying your super, calculating tax and providing information to the ATO. These purposes may change in the future. If you choose not to provide your TFN you may pay more tax on your benefits and contributions and you may not be able to make personal contributions to BUSSQ. These consequences may change in the future. Your TFN may be passed onto another superannuation fund if you transfer your benefits there and may be passed on to the ATO if required. Please advise us in writing if you do not want your TFN disclosed. I elect to provide my TFN and declare it is: Tax file number YES SUPER SEARCH - I authorise BUSSQ to use my TFN to search for other super I may have. I understand that BUSSQ will automatically roll any super money held by the ATO into my BUSSQ account, and that I will be contacted with details of any other super funds found so I can choose whether to roll them into BUSSQ. 3 AUTHORITY We know that sometimes it s tricky to find time to call and get information about your super. Providing someone with an authority to access your information means we can speak to them about your super. By giving a person authority you re only allowing them to access information, not to act on your behalf, so we ll still need to speak to you to do things like update your address, make a claim or open an Income Account. If you don t specify an end date for the authority it will remain in force indefinitely. By completing this section you are giving the named person authority on your account. Name of person/company Relationship to you Phone Authority end date (dd/mm/yyyy) 4 EMPLOYER DETAILS Employer s name Employer s BUSSQ number (if known) Date started working for employer (dd/mm/yyyy) Occupation Employer s phone number OR I am self-employed STOP Please note: you may not be eligible for default insurance cover. You may be able to claim a tax deduction on your personal superannuation contributions. BUSS(Queensland) Pty Ltd ABN BUSSQ ABN AFS Licence RSE L Registration Number R CALL US 1800 MY BUSSQ ( ) WEB super@bussq.com.au GPO Box 2775 Brisbane QLD Page 1 of 4

6 5 YOUR BUSSQ INSURANCE Information about the default insurance that is offered with your MySuper account can be found in the MySuper PDS and Handbook. This includes the definitions of some of the terms used on this form. You should read this information before completing this section. I do not want any insurance cover through BUSSQ. I understand that if I want insurance cover with BUSSQ in the future I will need to apply for this cover and provide health information to determine my eligibility. STOP Please note: you may NOT be eligible for default cover if you: Have previously reduced or cancelled your BUSSQ insurance cover Have previously claimed on your BUSSQ TPD insurance, or have been deemed TPD by another insurance provider Have worked for your current employer for more than 4 months Are self-employed Are not at work on your first day of work with your employer (ie. you are on sick leave) Do not receive an employer contribution by the quarterly SG deadline I have previously received a TPD benefit My TPD benefit was paid by: If you are under 21 you are eligible for budget insurance, unless you opt to take up default cover within 60 days of joining BUSSQ. You can do this by ticking the box below. I am under 21 and choose to be covered by default unitised insurance instead of the budget insurance for under 21 s detailed in the MySuper PDS and Handbook. If you are aged between 21 and 69 you are eligible for BUSSQ s default unitised insurance. More insurance options, including fixed cover and income protection, are available through BUSSQ s Premium Choice account. You can upgrade online, or call us for more information. SPECIAL OFFER ON JOINING BUSSQ In the first four months of your BUSSQ membership you can select up to six units of Death and TPD insurance without providing medical evidence. Please tick the box below to take up this offer. Please note this offer is only available if you meet the conditions for default cover as detailed in the MySuper handbook. I would like 6 units of Death and TPD cover INSURANCE CLASSIFICATION Manual - I do manual physical work. Non-manual - I spend at least 50% of my working time in an office environment and do not perform physical work in my occupation. 6 NOMINATION OF BENEFICIARIES STOP BUSSQ accepts binding nominations. Please check bussq.com.au for further information and to download the Binding Death Benefit Nomination form. In the event of your death, please nominate to whom you would prefer your benefits to be paid. You can nominate one or more preferred beneficiaries. Attach a list if space is not sufficient. First person s full name Relationship to you Date of birth (dd/mm/yyyy) Phone How much? % Street address Suburb/Town State Postcode Second person s full name Relationship to you Date of birth (dd/mm/yyyy) Phone How much? % Street address Suburb/Town State Postcode Page 2 of 4

7 Third person s full name Relationship to you Date of birth (dd/mm/yyyy) Phone How much? % Street address Suburb/Town State Postcode A death benefit is payable to your dependants and/or your legal personal representative or, in limited circumstances to another person. The final decision rests with the Trustee. More information is available at bussq.com.au 7 ROLL OVER YOUR OTHER SUPER ACCOUNTS STOP Before you complete this section you should consider the following: BUSSQ may be able to transfer your insurance cover before you close your other accounts. If you would like to do this DO NOT complete this section, and call us on 1800 MY BUSSQ ( ). Electing to rollover your other super account/s on this form will close your account/s with other super funds. Your other fund may charge fees when you roll over. Any insurance cover you have with your other fund may cease when you close your account; and BUSSQ recommends that you call your other fund before rolling over. I elect to roll in the funds named below. Please note: your rollover may not be able to be processed if all fields are not completed. Super fund name Fund ABN/Unique Super Identifier (USI) Member number 8 DECLARATION AND SIGNATURE To apply for membership, you must sign and date this form after reading the statements below. I hereby apply to the Trustee for admission as a member of BUSSQ MySuper upon the terms and conditions contained in the Product Disclosure Statement (PDS) and supporting documentation. I acknowledge that I have read and understood the terms and conditions contained in the PDS, supporting documentation and Privacy and other information on page 4 of this form. If I do not agree with the conditions of the Privacy Policy I will advise the Trustee in writing. If I elected to roll over super on this form I am aware that this will close my account with my other fund. I understand that insurance cover may cease, exit fees may apply and that BUSSQ may need to deduct tax on any untaxed amounts that are transferred. I acknowledge BUSSQ s recommendation to call my other fund and take any action to transfer my insurance cover BEFORE submitting the request to rollover. I declare that all the details in this application are true and correct and that I have read the PDS and supporting documentation to which this application applies and agree to the offer contained in it and to be bound by the provisions of the Trust Deed (as amended) governing BUSSQ, and if I have received this PDS and supporting documentation from the internet or any other electronic means, I declare that I have received it personally, or a printout of it, accompanied by or attached to the application form before making an application to join BUSSQ MySuper. I acknowledge that I have read and understood the insurance information in the Super Handbook. If deemed necessary by me, I have obtained financial advice from a qualified financial planner concerning my investment in BUSSQ MySuper. I understand and accept that the Trustee does not guarantee the performance of the investment strategy. STOP PLEASE SIGN AND DATE. Forms without both a signature and date are unable to be processed. SIGN HERE Signature of applicant Dated (dd/mm/yyyy) BQ /17 ISS20 Page 3 of 4 Page 3 of 4

8 9 PRIVACY AND OTHER IMPORTANT INFORMATION BUSSQ collects and uses your personal information in accordance with the BUSSQ Privacy Statement which is available from our website or by calling 1800 MY BUSSQ ( ). This section discusses some of the ways that BUSSQ uses your personal information. Please call us if you have any questions about your rights under the privacy legislation. Choice of fund If you leave your employer and go to work for another employer, your new employer can contribute to BUSSQ on your behalf. There are some exceptions which include public sector employees and people employed under some State awards and EBA s. You can get the full details and download a choice form at bussq.com.au. Simply print out the form, fill it in and hand it to your employer so they can start making contributions to your BUSSQ account. Unions and industry partners In order to ensure we have your correct address and other contact details, BUSSQ periodically matches our database with unions and industry partners, including the Building Employees Redundancy Trust (BERT) and Construction and Income Protection Queensland (CIPQ). If you are a member of one or more of these organisations, as well as BUSSQ we may disclose your contact information to them and update your information based on information provided by them, so that all organisations that you are a member of have your most recent information. Returned Mail Where we have correspondence returned to us by Australia Post, the Trustee will endeavour to locate an up to date address for you so that you will receive your annual benefit statement. This may involve disclosing your name and previous address to the relevant agencies for the purpose of address searches only. There is a $20 fee payable if we locate your new address details for you. Employer compliance The Trustee takes very seriously its responsibility to ensure that your contributions are up to date. If you tell us that you should have received an employer payment the Trustee may provide some personal information to a third party to assist in the collection of any outstanding superannuation payments. From time to time the Trustee may also provide some personal information to a union and/or employer sponsor to assist in the collection of any outstanding superannuation payments. Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) Act requirements Compliance with this Act requires that we obtain identification when processing transactions in relation to your BUSSQ account. We do this to minimise the risk that the fund may be used for the laundering of money and the financing of terrorism, but it also reduces the chance that your account can be accessed by an unauthorised person. We may need to identify: You: We may need to ask you to verify your identity if you wish to make a claim on your superannuation benefit. We may also ask you to verify your identity if we are missing information about you and we may not be able to open an account for you or process any transactions unless this is received. Your estate and/or beneficiaries: If you die while you are a member of BUSSQ we may need to obtain identity information from your legal personal representative and/or your beneficiaries. Anyone acting on your behalf: Including a person exercising your power of attorney. In some circumstances we may need to re-verify this information. BUSSQ has other requirements under the AML/CTF act including reporting requirements. If you want more information about these please contact us. BQ /17 ISS20 Page 4 of 4

9 06. FEES AND COSTS You should read the important information about fees and costs before making a decision. Go to the Super Handbook which can be downloaded at bussq.com.au. The material relating to fees and costs may change between the time you read this Statement and the day when you acquire the product. DID YOU KNOW? Small differences in both investment performances and fees and costs can have a substantial impact on your long term results. For example, total annual fees and costs of 2% of your fund balances 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. Your employer may be able to negotiate to pay lower administration fees. Ask the Fund or your Financial Advisor. BUSSQ may change indirect cost ratio fees at any time without notice. However, if BUSSQ changes non-percentage based fees (i.e. administration fees) we will notify you at least 30 days in advance of the change coming into effect. 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 government website moneysmart.gov.au has a superannuation investment fee calculator to help you check out different fee options. The definitions of the fees referenced in this section can be found at bussq.com.au/disclosure. TYPE OF FEE OR COST Investment fee Administration fee Buy - sell spread Switching fee AMOUNT Nil $1.50 p.w. Nil Nil Exit fee $100 Advice fee^ Other fees and costs INDIRECT COST RATIO* External Fixed Investment Costs External Performance Fees Nil Varies 0.69% 0.11% Trustee related costs 0.15% TOTAL 0.95% HOW AND WHEN YOU PAY BUSSQ does not charge an investment fee Deducted from your account monthly BUSSQ does not charge a buy - sell fee BUSSQ does not charge an investment switching fee Deducted from your account when your entire super account balance (benefit) is paid, $30 is charged for partial withdrawals BUSSQ does not charge a fee for straightforward advice relating to insurance, investment choice and contributions Refer to additional explanation of fees and costs in the Super Handbook Deducted from BUSSQ s earnings before BUSSQ declares a unit price *Estimation based on the financial year results. ^ Fees may be charged for other personal advice provided by Skylight Financial Solutions. EXAMPLE OF ANNUAL FEES AND COSTS This table gives an example of how the fees and costs in the MySuper Balanced Growth option can affect your super over a one year period. You should use this table to compare this product with other superannuation products. BUSSQ MYSUPER BALANCED GROWTH TYPE OF FEE AMOUNT BALANCE OF $50,000 Investment fee Nil For every $50,000 you have in BUSSQ MySuper, you will be charged $0 PLUS Administration fee $78 pa ($1.50 p.w.) And you will be charged $78 in administration fees regardless of your balance, this fee is deducted from your account monthly PLUS Indirect costs 0.95% And indirect costs of $475 each year will be deducted from your earnings before a unit price is declared EQUALS Cost of fund If you had a balance of $50,000 throughout the year, you would be charged a total of $553 per year 5

10 07. HOW SUPER IS TAXED TAX ON CONTRIBUTIONS Concessional (before tax) contributions are taxed at 15%. This tax is deducted directly from your account and is called a Contribution Tax. Examples of concessional contributions are employer and salary sacrifice contributions. Contributions you make from your after tax pay aren t taxed except if you contribute an amount above the government s yearly limit or contribution cap. BE AWARE: The government has set limits, called contribution caps, on how much you can contribute into super. If you exceed these limits you will pay extra tax. High income earners will pay an additional tax of 15% (30% in total) on concessional contributions. TAX ON INVESTMENT EARNINGS Superannuation investment earnings are taxed at a lower rate than most other forms of savings. The maximum rate is 15%. This tax may be offset by deductions available to BUSSQ such as franking credits. Tax is deducted from BUSSQ s investment returns before our unit prices are declared. TAX ON BENEFITS The tax you pay depends on your age: 60 and over generally you won t pay tax on your super withdrawals. Preservation age to 59 - a tax free threshold applies to the portion of your withdrawal that comes from the taxable component of your superannuation. Amounts above this are taxed at 15% plus Medicare levy. Under Preservation Age the full taxable component is taxed at 20% plus Medicare levy. We ll deduct any tax from your benefit when it is paid. Your super is not taxed when transferred from one super fund to another. TAX ON DEATH BENEFITS A Death benefit paid to your financial dependant or spouse (as defined under tax laws) will be tax free. If some or all of your Death benefit is paid to your Legal Personal Representative, the benefit may be subject to tax of up to 15% plus Medicare levy if it is ultimately paid to a non-dependant (under tax laws). BE AWARE: You should provide your Tax File Number (TFN) when you become a member of BUSSQ MySuper. If you don t, you may pay more tax than you need to when you contribute or withdraw money, or you may not be able to make certain types of contributions. It will also be more difficult to trace any other super you have and you run the risk of not receiving all your super when you retire. You should read the important information about how super is taxed before making a decision. Go to the Super Handbook which can be downloaded at bussq.com.au. The material relating to how super is taxed may change between the time you read this Statement and the day when you acquire the product. 08. INSURANCE IN YOUR SUPER You should read the important information about insurance in your super before making a decision. Go to the Insurance Handbook which can be downloaded at bussq.com.au. The material relating to insurance in your super may change between the time you read this Statement and the day when you acquire the product. BUSSQ provides flexible insurance that is tailored for workers in the building, construction and civil industries. When you open a BUSSQ MySuper account you receive default unitised insurance cover for Death (including terminal illness) and Total and Permanent Disablement (TPD). BUSSQ offers additional types of fixed Death and TPD cover, including fixed cover and Income Protection, through our Premium Choice account. DEFAULT COVER When you join BUSSQ, the default cover you receive is four units of Death (including Terminal Illness) and TPD cover (which includes Total and Temporary Disablement cover). The value of the cover varies depending on your age and occupation. If you are an Australian or New Zealand citizen, Australian permanent resident, or you are eligible to work in Australia, you are covered 24/7, anywhere in the world, not just while you are at work. As a special offer, on joining BUSSQ MySuper, you may select to add two additional units to your default cover (a total of six units) without providing additional health evidence. You can select this option when you join BUSSQ. 6 BUSSQ MYSUPER

11 08. INSURANCE IN YOUR SUPER (CONT.) If you re under 21 you will automatically receive a special package of default cover which is $50,000 for Death and Total and Permanent Disablement. Alternatively, you can opt to have four units of default cover (as outlined above) by selecting this option when you join. Your cover will be automatically upgraded to four units of default cover when you turn 21 if you received the under 21 cover upon joining. See the Insurance Handbook for detailed information about when your cover starts and stops, and for circumstances when default cover may not be available to you or where you may only be entitled to limited cover. HOW YOU PAY FOR COVER Your insurance premiums are deducted from your super account on a monthly basis. Your insurance commences on the date you become a member of BUSSQ, where you have commenced employment with an employer who contributes to BUSSQ on your behalf. Cover continues until there is no longer money in your account to pay the premiums, you reach age 65 for TPD cover or age 70 for Death cover, or another circumstance applies that causes your cover to cease. Detailed information about these circumstances is available in the Insurance Handbook. If you don t opt out of default cover, the cost of the insurance cover will be deducted from your account on a monthly basis. IF YOU DON T WANT INSURANCE: You can choose to opt out of default cover by indicating on the Join BUSSQ MySuper form. If you wish to cancel your cover at a later date or you want to reduce or change the type of cover you have, complete the Application to Cancel or Reduce Your Insurance form available at bussq.com.au. Please note that if you cancel your insurance cover you will need to provide medical evidence if you wish to have cover through BUSSQ in the future. IF YOU WANT MORE INSURANCE: You can increase the cover you have by applying online after your BUSSQ MySuper account is open, or by completing the Application to Change or Increase Insurance form available from bussq.com.au. Before making any decisions about your insurance please read the Insurance Handbook available at bussq.com.au. If there is any inconsistency between the information in this PDS or the Insurance Handbook and the relevant policy document, the terms of the policy document will prevail. If you would like a copy of the policy document go to bussq.com.au. or call us and we ll send you one. COST AND AMOUNT OF INSURANCE COVER Age DEFAULT COVER FOUR UNITS OF COVER Manual Worker Death Cover $6.28 p.w. Manual Worker TPD Cover $3.76 p.w. 15 to 20 See below for under 21 insurance 21 to 50 $200,000 $60, to 55 $156,000 $60, $140,400 $54, $124,800 $48, $109,200 $42, $93,600 $36, $78,000 $30, $62,000 $24, $46,800 $18, $31,200 $12, $16,000 $6, to 69 $12,000 NIL 70 plus NIL NIL Age DEATH AND TPD COST OF COVER PER WEEK One Unit DEFAULT COVER FOUR UNITS OF COVER Non-Manual Worker Death Cover $3.08 p.w. Four Units (default) Manual $2.51 $10.04 Non-Manual $1.11 $4.44 Non-Manual Worker TPD Cover $1.36 p.w. 15 to 20 See below for under 21 insurance 21 to 40 $200,000 $200, to 44 $160,000 $160, to 49 $120,000 $120, to 54 $100,000 $100, to 59 $48,000 $48, to 64 $24,000 $24, to 69 $12,000 NIL 70 plus NIL NIL UNDER 21 COVER ONE UNIT OF COVER Death cover TPD cover $1.11 p.w. $50,000 $50,000 7

12 Skylight Financial Solutions Throwing light on your financial future. Skylight was built by BUSSQ because we care about workers and their families in building and construction. We saw a need to provide you with better financial solutions to make your hard work, work even harder for you. We call it Skylight because when it comes to your finances sometimes you need help to light the way forward, while other times the sky s the limit. From simple budgeting tools to advice about complex financial strategies, we can work with you to provide affordable solutions or offer you a second opinion, for wherever you are in life. Let Skylight shine a light on what s possible at skylight.com.au or call us on 1800 SKYLIGHT Skylight is owned by the BUSSQ Pooled Superannuation Trust. A copy of Skylight s Financial Services Guide can be downloaded from skylight.com.au or you can request a copy by calling 1800 SKYLIGHT ( ). Skylight Financial Solutions ABN AFSL HOW TO OPEN A BUSSQ ACCOUNT Read the information contained in this PDS and the extra information in the Super Handbook and Insurance Handbook which can be found at bussq.com.au. Open your account in one of two ways: Online at bussq.com.au or Use the Join BUSSQ MySuper form in this PDS Let your employer know you choose BUSSQ Most employees can choose where they want their super contributions paid. Your employer will need your BUSSQ membership number and BUSSQ s USI number which is BUS0002AU. Cooling off periods A 14 day cooling off period is available to you if you complete a Join BUSSQ MySuper form or join online. If your employer has signed you up to BUSSQ a cooling off period does not apply. Enquiries and complaints Members, employers or other parties with enquiries or complaints should contact us by mail, phone or . You should read the important information about cooling off periods, enquiries and complaints before making a decision. Go to the Super Handbook which can be downloaded at bussq.com.au. The material relating to cooling off periods and enquiries and complaints may change between the time you read this Statement and the day when you acquire the product. Important information This PDS has been prepared by BUSS (Queensland) Pty Ltd (ABN , AFSL ) as Trustee for BUSSQ (BUSSQ Fund, ABN ). BUSSQ also owns Skylight Financial Solutions Pty Ltd (ABN , AFSL ), the company that provides financial advice to our members. What we say about current or proposed superannuation legislation is based on our best interpretation of the legislation at the time of preparing this document. There may be changes to the information contained in this PDS. We will notify you of any changes that may affect you adversely. You can check for up to date information at bussq.com.au or by calling us on 1800 MY BUSSQ ( ). We will send you a free paper copy of any information that changes at your request. Any personal statements that are used in this document are with the consent of the individual. CONTACTING US WEB bussq.com.au PHONE 1800 MY BUSSQ ( ) super@bussq.com.au MAIL GPO Box 2775 Brisbane QLD 4001 VISIT BUSSQ HOUSE, Ground Floor, 299 Coronation Drive, Milton QLD 4064 Other important BUSSQ details USI/SPIN number BUS0002AU Registered Superannuation Entity (RSE) number L BQ /17 ISS5