CHOICE PREMIUM BUSSQ.COM.AU PRODUCT DISCLOSURE STATEMENT ISSUED: 1 JULY 2018

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1 PREMIUM CHOICE 01. About BUSSQ 02. How super works 03. Benefits of investing with BUSSQ Premium Choice 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 10. Contact details PRODUCT DISCLOSURE STATEMENT ISSUED: 1 JULY 2018 BEFORE YOU START This Product Disclosure Statement (PDS) contains a summary of significant information about BUSSQ s Premium Choice 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 all of these documents before making a decision about BUSSQ Premium Choice. 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 to assist you to plan for a more 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 also offers BUSSQ MySuper, an authorised MySuper product, Transition to Retirement and Retirement Income Accounts and a complying Term Allocated Pension, which accepts rollovers of pensions of this type from other funds. More information about our 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, transition of accrued default amounts and our 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. Ask your employer for more details. 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 Disablement (TPD) or Income Protection insurance through your super account at a cheaper price than if you bought it outside super. BUSSQ s 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. *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 Superannuation and retirement tab. 2 PREMIUM CHOICE

3 03. BENEFITS OF INVESTING WITH BUSSQ PREMIUM CHOICE 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 been awarded SuperRatings 7 Year Platinum Rating for our Premium Choice product, as well as judged Money magazine s Best Growth Super Fund Winner 2017 for our Premium Choice High Growth investment option. 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 protection. National Fund - BUSSQ services members and employers in all states and territories. 04. RISKS OF SUPER 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 re entitled to, and have worked hard for. Financial advice at no extra cost * BUSSQ owns Skylight Financial Solutions which offers BUSSQ members straightforward limited financial advice about 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. 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 your 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. 05. HOW BUSSQ INVESTS YOUR MONEY BUSSQ Premium Choice offers 11 investment options: PRE-MIXED OPTIONS Defensive for short to medium term investors (less than five years) looking for stable returns with minimal capital growth Premium Balanced Growth this is the most diversified pre-mixed option, best suited to medium to long term investors (five to 10 years) High Growth for long term investors (10+ years) investors looking for attractive returns and capital growth, and who can tolerate a higher level of risk and volatility SINGLE ASSET CLASS OPTIONS Cash for investors who are risk averse and looking for a secure 100% cash investment. This option may suit members willing to sacrifice overall return in favour of less risk and a steady rate of return Diversified Fixed Interest for investors looking for a stand alone fixed interest investment Australian Shares for investors looking for a stand alone Australian shares investment Australian (Larger Company) Shares - for investors looking for a stand alone investment focused on shares in larger Australian companies Australian (Small Companies) Shares - for investors looking for a stand alone investment focused on shares in smaller Australian companies All Shares - for investors looking for a diversified shares investment covering both Australian and international shares International Shares - for investors looking for a stand alone international shares investment International (Emerging Markets) Shares - for investors looking for a stand alone investment in international shares in emerging market countries (i.e. Brazil, India, China, etc.) You choose the option or mix of options that best meet your investment needs. 3

4 05. HOW BUSSQ INVESTS YOUR MONEY (CONT.) 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. INVESTMENT DETAILS OF BUSSQ s PREMIUM BALANCED GROWTH OPTION Overview - designed for medium to long term investors. Premium Balanced Growth is the most diversified option and 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. *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. Asset allocation ranges Suggested minimum time horizon: Risk factor: Australian Shares International Shares Property Infrastructure Fixed Interest Opportunistic Debt Agriculture Cash Opportunistic Growth At least five years. 1 Very Low 20 40% 15 35% 5 20% 5 20% 5 20% 0 10% 0 10% 0 10% 0 10% Low Low to Medium Medium Medium to High High Very High IMPORTANT: You must consider the likely investment return, the risk and your investment time frame, when choosing an option or mix of options to invest in. CHOOSING OR CHANGING YOUR INVESTMENT OPTION With BUSSQ Premium Choice you can choose from investment options that deliver the potential for higher returns, greater relative security or a mix of both whatever suits your investment objectives, time frame and tolerance for risk. Importantly you are not tied down to one investment strategy. You can choose to invest 100% in only one of the 11 investment options or you can mix and match them to meet your needs. The choice is yours! Investment switches may be made at any time, online via MemberAccess (bussq.com.au) or use a Member Investment Choice form, which can be downloaded at bussq.com.au. Switches are effective from the day following the declaration of the next unit price. Unit prices are declared weekly. All switch requests received in the period 6.01pm Friday to 6pm the next Friday (EST/EDT*), will be processed with an effective date as at the next Wednesday, following the declaration of the weekly unit price. * EST = Eastern Standard Time (during winter, eg 6pm in Qld) EDT = Eastern Daylight Time (during summer, eg 5pm in Qld) WHO BUSSQ INVESTS YOUR SUPER WITH BUSSQ are constantly monitoring markets and their impact on BUSSQ s investment portfolio. BUSSQ s 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 remain committed to managing a well diversified portfolio that is designed to provide good returns over the long term. The 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 BUSSQ Board. The investment managers are constantly monitored by the BUSSQ Trustee. Details of where the money is invested can be found in the BUSSQ Annual Report which can be downloaded at 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. 4 PREMIUM CHOICE

5 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 (ie 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 0.86% 0.10% Trustee related costs 0.15% TOTAL 1.11% 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 ^Fees may be charged for other personal advice provided by Skylight Financial Solutions. *Estimation based on the financial year results. Year end actual costs may vary. Indirect cost ratios for investment options other than Premium Balanced Growth will vary. These can be found in the Super Handbook available at bussq.com.au. EXAMPLE OF ANNUAL FEES AND COSTS This table provides an example of how the fees and costs in the Premium 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 PLUS $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 Indirect costs 1.11% And indirect costs of $555 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 $633 per year 5

6 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. For more information go to bussq.com.au or call us. 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 WITHDRAWALS For most people, your super account includes a taxable and tax free component. The tax you pay depends on your age and the proportion of your withdrawal that comes from each component. 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, unless it comes from an untaxed source. 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 Estate, 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 Premium Choice. 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 may 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. 6 PREMIUM CHOICE

7 JOIN BUSSQ PREMIUM CHOICE 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 I am self-employed Occupation OR Employer s name BA/MEMAPP /11 ISS8 Employer s BUSSQ number (If known) Date started working for employer (dd/mm/yyyy) Occupation Employer s phone number BUSS(Queensland) Pty Ltd ABN BUSSQ ABN AFS Licence RSE L Registration Number R CALL US 1800 MY BUSSQ ( ) WEB super@bussq.com.au Page 1 of 6 Page 1 of 4 7

8 5 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. Any insurance cover you have with your other fund may cease when you close your account. Your other fund may charge fees when you roll over; 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. If you have more than 3 accounts to roll over please call us. Super fund name Fund ABN/Unique Super Identifier (USI) Member number 6 INSURANCE COVER BUSSQ Premium Choice offers you flexible insurance options that are detailed in the Premium Choice PDS and the Insurance Handbook. Follow the checklist found in the Insurance Handbook to ensure you have the cover that you need. The Insurance Handbook also provides information about the insurance cover that our Financial Planners can assist you with, outside of your super. BUSSQ staff are available to assist with the insurance application process, or to answer any questions you have. Please call us on 1800 MY BUSSQ ( ). I do not want any insurance cover (please go to section 7) PART A COMPLETE THIS SECTION IF YOU ARE EMPLOYED BUSSQ offers automatic Death and Total and Permanent Disablement (TPD) cover to Premium Choice members who are employed by an eligible contributing employer. STOP Please note: You may NOT be eligible for automatic cover if you: Have previously reduced or cancelled your BUSSQ insurance cover Have previously claimed or are eligible to claim for TPD or Terminal Illness with BUSSQ or another insurer Have worked for your current employer for more than four months Are self-employed Are not at work on your first day of work with your employer (i.e. you are on sick leave) Do not receive an employer contribution by the quarterly SG deadline I am eligible for automatic Death and TPD cover, and I would like: Fixed Cover Unitised Cover For more information about the difference between fixed and unitised cover, please see the Insurance Handbook. Please note that if you wish to apply for Income Protection cover you should select Fixed Cover in this section. EMPLOYMENT CLASSIFICATION You only need to complete one set of questions depending on whether you chose fixed or unitised cover. Fixed Death or TPD cover answer yes or no Do you spend at least 80% of your total working time in an office or similar environment performing administrative, clerical or sedentary type duties? Do you have a recognised trade qualification relating to your occupation or, does your occupation require you to perform light manual work or, are you a supervisor of blue collar workers and your duties include up to 10% of light manual work (e.g. an electrician, printer, greengrocer, carpenter, storeman, plumber, factory production manager etc.)? Are you a skilled or semi-skilled worker whose duties include heavy manual work or are you required to operate heavy machinery (e.g. qualified wall/floor tiler, glazier, sign writer, bulldozer driver, forklift driver etc.)? Unitised Death or TPD cover mark in one box Manual you perform mainly manual physical work. Non-manual you spend at least 50% of your working time in an office environment i.e. 19 hours out of a 38 hour working week. Page 2 of 4 8 PREMIUM CHOICE YES NO YES NO YES NO

9 AMOUNT OF COVER (Please select one option only): STOP If you have selected fixed cover the amount of cover you receive is based on the equivalent value of unitised cover as outlined below. You will pay premiums for this amount of fixed cover, and the value of your cover will not be reduced as you get older. If you have selected unitised cover you will receive the number of units outlined below. For more information see the Insurance Handbook. Automatic cover equivalent of four units of cover as detailed in the Insurance Handbook. Please note: If you are under 21 you can select this option instead of your budget cover within 60 days of joining. Please ensure your contributions adequately cover your insurance premiums. Special offer upon joining equivalent of six units of cover as detailed in the Insurance Handbook. This offer is available to you if you meet the conditions for automatic cover and have been a BUSSQ member for less than four months. Under 21 Budget cover equivalent of one unit of death and TPD cover valued at $50,000. If you select this option you will automatically be upgraded to four units of Death and TPD cover (or the equivalent value) on your 21st birthday. ADDITIONAL COVER As a BUSSQ Premium Choice member you can apply for additional Death and TPD cover, as well as Income Protection cover. You can also transfer insurance you hold with other superannuation funds to your BUSSQ account. To apply for additional Death and TPD cover and Income Protection cover, please complete the Application to Change or Increase Insurance form available at bussq.com.au. To apply to transfer insurance cover you hold with another superannuation fund please complete the Application to Transfer Insurance form available at bussq.com.au. Please note that you should complete the transfer of insurance cover before rolling your other superannuation fund into BUSSQ. I have enclosed an Application to Change or Increase Insurance form and/or an Application to Transfer Insurance form. PART B COMPLETE THIS SECTION IF YOU ARE SELF-EMPLOYED OR YOUR EMPLOYER IS NOT PAYING CONTRIBUTIONS TO BUSSQ As you are not eligible for automatic cover, you can apply for Death, TPD and Income Protection Insurance by completing the Application to Change or Increase Insurance form available at bussq.com.au. If you have insurance cover with another superannuation fund you can apply to transfer insurance cover using the Application to Transfer Insurance form available at bussq.com.au. Please note that you should complete your transfer of insurance before rolling your other superannuation fund into BUSSQ. I have enclosed an Application to Change or Increase Insurance form and/or an Application to Transfer Insurance form. 7 MEMBER INVESTMENT CHOICE STOP Please refer to bussq.com.au or the Super Handbook for information on the investment objectives and risks of each option. I would like my Premium Choice account and future contributions invested in the following option(s) (Please tick): The amounts must be whole percentages only eg 10%, 27% etc. Pre-mixed options (Percentage) Defensive % Premium Balanced Growth % High Growth % Single asset class options Cash % Diversified Fixed Interest % Australian Shares % Aust. (Larger Companies) Shares % Aust. (Small Companies) Shares % All Shares (50/50) % International Shares % International (Emerging Markets) Shares % TOTAL MUST EQUAL 100% Page 3 of 4 9

10 8 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 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. 9 DECLARATION AND SIGNATURE To apply for membership, you must sign and date this form after reading the statements below. I agree to receive statements in an electronic form and should I wish to change this election and receive paper statements, I will advise the Trustee in writing. I hereby apply to the Trustee for admission as a member of BUSSQ Premium Choice 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 and supporting documentation. 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. If I do not agree with the conditions of the Privacy Policy I will advise the Trustee in writing. 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 Premium Choice. I acknowledge that I have read and understood the insurance information contained in the Insurance Handbook. If deemed necessary by me, I have obtained financial advice from a qualified Financial Planner concerning my investment in BUSSQ Premium Choice. 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. Signature of applicant SIGN HERE Dated (dd/mm/yyyy) 10 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. BUSSQ has a number of policies about how we manage our fund. For more information see the Super Handbook or go to bussq.com.au. BQ/PREM/MBR/APP /17 ISS6 10 PREMIUM CHOICE Page 4 of 4

11 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. As a BUSSQ Premium Choice member you have access to a wide range of flexible insurance options. You can apply for up to $5 million of Death (including Terminal Illness*) cover and $3 million of Total and Permanent Disablement (TPD) cover. If you are eligible for automatic cover upon joining BUSSQ through a contributing employer, you can automatically receive fixed Death and TPD cover based on the dollar value of four units (if you are 21 or older) or one unit if you are under 21. You may also be eligible for the special offer upon joining BUSSQ and qualify for automatic Death and TPD cover, up to the value of six units. You can select this option when you join. Otherwise, you can transfer insurance cover from another superannuation fund, and you can also apply for fixed or unitised insurance cover. If you wish to transfer cover this must be completed before you close your other superannuation fund. Please call us to arrange your insurance transfer before completing any rollovers. TYPES OF INSURANCE COVER The types of cover available are: Fixed cover for Death and Total and Permanent Disablement (TPD) fixed cover means the amount of cover you have stays fixed regardless of your age. Your premiums will increase as you get older Unitised cover for Death and Total and Permanent Disablement (TPD) unitised cover will always cost the same amount per unit, per week in premiums, however the value of the cover per unit will decrease as you get older. If you have at least four units of TPD cover and are a manual worker, you will also be covered by Total and Temporary Disablement (TTD) cover Budget Cover for under 21 s BUSSQ s Budget Under 21 Cover provides for $50,000 of Death and TPD cover for the low price of $1.11 per week Income Protection you can apply for Income Protection cover with a maximum benefit of 85% of your monthly salary (including a 10% contribution to your super account), subject to a maximum of $25,000 per month. You also get to choose the waiting period and payment period ADDITIONAL FEATURES OF BUSSQ INSURANCE Life events cover this enables you to increase your Death only or Death and TPD insurance cover by 25% (up to $200,000) when certain changes happen in your life, without providing medical evidence Pregnancy, Death and Total and Permanent Disablement (TPD) benefits your insurance benefit payment will be increased by 50% if pregnancy or childbirth directly results in your death or TPD COST OF INSURANCE COVER The cost of cover depends on the type of cover you choose, your age, gender and occupation. The benefit period and waiting period will also affect the premium you pay for Income Protection. Your insurance premiums will be deducted from your super account. Check out the premium tables for all of our insurance options in the Insurance Handbook at bussq.com.au. BUSSQ has an insurance calculator which can help you work out how much cover you need, and what that cover will cost. Follow the link at bussq.com.au. WHEN YOUR COVER STARTS AND STOPS If you are employed with an employer who pays super contributions to BUSSQ on your behalf you are eligible for automatic cover upon joining BUSSQ and cover commences immediately, provided that an on time employer contribution is received from your employer. On time means the payment has been received by the Superannuation Guarantee due date for the relevant quarter. You will be advised by BUSSQ that your cover has been accepted. You may not be eligible for automatic cover if you have previously: Been paid, or are eligible for a Terminal Illness benefit from BUSSQ, or another insurer, or Been paid or are eligible for a TPD benefit from BUSSQ or another insurer. You may be eligible for Death Only cover, or Cancelled or opted out of your BUSSQ insurance cover You may only be eligible for limited cover if you were not at work when you joined BUSSQ, your first employer contribution is not paid on time, or if you have been working for your employer for more than four months when you join. Exceptions apply, please refer to the Insurance Handbook at bussq.com.au for definitions of all of the terms used in this section, and for more information about what limitations may apply to your cover. If you are not employed with an employer who pays contributions to BUSSQ (including self employed) or you personally joined BUSSQ you must apply for cover and your cover starts on the day you are notified by BUSSQ that your application has been accepted and your insurance premium is paid. While your application is being assessed you will be provided with Interim Accident cover up to the amount that you applied for, subject to the maximum benefits available under the policy. 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 shall prevail. You can request a copy of the policy by contacting us on 1800 MY BUSSQ ( ). *The Terminal Illness benefit payable is limited to $1 million, with any additional amount of Death cover payable upon death. 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/Spin 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. BQ /18 ISS5 10. CONTACT DETAILS 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 Registered Superannuation Entity (RSE) number L This PDS has been prepared by BUSS (Queensland) Pty Ltd (ABN , AFSL ) as Trustee for BUSSQ (BUSSQ Fund, ABN ). 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.