Acumen. acumensuper.com.au Product Disclosure Statement and forms. Effective 1 October 2015

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1 Acumen Product Disclosure Statement and forms Effective 1 October 2015 Issued by Retail Employees Superannuation Pty Limited (Trustee) ABN AFSL Retail Employees Superannuation Trust ABN Unique Superannuation Identifier RES0104AU acumensuper.com.au

2 Contents 1. About Acumen 2 2. How super works 2 3. Benefits of investing with Acumen 3 4. Risks of super 4 5. How we invest your money 4 6. Fees and costs 6 7. How super is taxed 7 8. Insurance in your super 8 9. How to open an account 8 This Product Disclosure Statement (PDS) provides a summary of significant information and it includes links to important information in the Member Guide that is part of this PDS. You should consider this information before making a decision to invest in this product. The information in this document is general information only and doesn t take into account your personal financial situation or needs. You should consult a licensed financial adviser to obtain financial advice that is tailored to suit your personal circumstances. The information contained in this PDS is up to date at the time of preparation. However, the Trustee reserves the right to change the insurer and vary the benefits, insurance premium rates, procedures or terms and conditions from time to time. Some of the information may also be subject to change, such as information about other management costs, other fees or the investment strategy or asset allocation of a particular investment option. From time to time there may be changes to non-materially adverse information, which may be updated through member communications other than the PDS or on our website at rest.com.au/governance If you are printing an electronic copy of the PDS, you must print all pages of the PDS, other information that forms part of this PDS, and the application form. An electronic copy is available at acumensuper.com.au/pds or contact Acumen Customer Service. Further information, including a full paper copy of the PDS, the trust deed, any non-materially adverse updates to information in the PDS and any supplementary documents can be obtained free of charge by visiting our website or contacting Acumen Customer Service: Phone: am - 6pm weekdays Web: acumensuper.com.au Mail: Locked Bag 5037, Parramatta NSW About Acumen REST has been helping Australians build their retirement savings for more than 25 years. Today, with more than 2 million members and more than $37 billion in funds under management*, we are one of Australia s largest industry super funds around one in six^ Australian workers is a REST member! Acumen is the division of REST designed for employers who want to tailor their superannuation offering for employees. Acumen offers 13 investment options for members to choose from. Acumen does not have a MySuper option. 2. How super works About super Superannuation is money you save throughout your working life for your retirement. So even though it may be a while before you can access it, understanding your super early will give you greater control and the confidence to make the best financial choices for you. Super solutions as your life changes Your superannuation needs change as your life situation changes. So whether you ve just started your first job, are changing jobs, are more established in your career, or are moving closer to retirement, REST offers a range of products that can help. A PDS is available at rest.com.au for each of these products. You should consider the PDS before making any decision in relation to a product. REST Super an award-winning product with a MySuper offering. REST Super is open to all, offering a choice of 13 investment options, with automatic default basic insurance cover, subject to eligibility You re already saving for your retirement thanks to the compulsory Superannuation Guarantee (SG) the 9.5% of your ordinary time earnings your employer is required to contribute into your super account. Choosing your fund Most people can choose which super fund they d like their SG contributions paid into. Sometimes your conditions of REST Corporate a MySuper business product with default insurance tailored to your salary REST Select a choice product with flexible insurance options. This product does not have a MySuper option REST Pension an award-winning retirement product with a regular income stream for retirees or those transitioning to retirement. For further information about the awards won by REST Super and REST Pension, please go to rest.com.au Disclosure information The following disclosure information is available on our website at rest.com.au/governance the product dashboard trustee and executive remuneration disclosure. employment will decide which fund. If you don t have a choice, or you don t tell your employer which fund you d like your super to go into, it will be paid into a default fund. Making contributions Super is a tax-effective way to save for your future thanks to tax concessions provided by the government. * As at 30 June 2015 ^ Number of working Australians sourced from Australian Bureau of Statistics, Labour force, Australia (cat. no ), July

3 You can boost your super even further in addition to the SG by: asking your employer to deduct extra money from your pay before tax is taken out and paying it into your super. This is called salary sacrifice and may reduce the amount of tax you pay. putting money you have saved (after tax) into your Acumen account. By making an after-tax personal contribution, you may be eligible for a government co-contribution. There s no limit on how much super you can accumulate over your lifetime, but there are limits on how much you can contribute each financial year and still receive a tax concession. Consolidate your super You can also help your retirement savings grow by transferring super you have from another fund into your Acumen account, and save on paying multiple fees. You should consider the impact that consolidating your super may have on any insurance or benefit entitlements you have in your other fund(s) and seek advice from a licensed financial adviser if you have any questions. Accessing your super Generally, there s no limit on how much you can withdraw from your super, but you usually can t access your super until you retire permanently from the workforce after reaching your preservation age. The Acumen Member Guide available at acumensuper.com.au/pds has further information about your preservation age. You have unrestricted access to your super from age 65, but there may be special circumstances where you can withdraw it earlier. You should read the important information about how super works before making a decision. Go to the Acumen Member Guide available in MemberAccess at acumensuper.com.au/pds The material relating to how super works may change between the time when you read this Statement and the day when you acquire the product. 3. Benefits of investing with Acumen Your award winning fund REST, of which Acumen is the corporate super division, has consistently been recognised by the industry for the value and service it provides to members. Recent awards* include: Money magazine Best Super Fund 2015 Chant West Super Fund of the Year 2014 For further information about the awards won by REST, please go to rest.com.au Competitive long-term returns REST and Acumen s Core Strategy investment option has outperformed similar options of super funds surveyed over the last 5, 7 and 10 years.^ For June 2015, REST s Core Strategy ranked 6th, 1st and 1st across 5, 7 and 10 years respectively. Competitive fees As Acumen is a part of REST Industry Super, we are able to benefit from REST s size and profit-to-members approach which enables us to provide you with great value for money. Our fees are competitive, ensuring more of your super savings stay with you where they belong. Different ways to contribute Acumen allows you to choose how you want to contribute to your super and offers convenient contribution methods, such as BPAY, salary sacrifice and payroll deductions. Investment options Acumen offers 13 investment options, so you can choose how your super is invested. As Acumen is a choice product, you must choose an investment option. There is no default investment option in Acumen. One provider for life If you leave your Acumen employer, you can move to REST Select during your time in the workforce and REST Pension for your retirement. Your benefit will be transferred to REST Select after 30 days, unless you advise otherwise. This may result in an increase in fees and insurance premiums and a reduction in insurance cover. Please refer to the REST Pension and REST Select PDS at rest.com.au You should consider the PDS before making any decision in relation to the product. For more information visit rest.com.au or contact REST Customer Service on Benefit of scale Acumen is part of one of Australia s largest industry super funds. Our scale delivers more investment opportunities and helps deliver competitive returns in the long-term. Insurance cover You may receive automatic insurance cover if your employer has elected to provide insurance and you meet the terms and conditions of the insurance contract with the insurer. Online access to your account Keep track of your super 24/7 online using MemberAccess. You can see your account balance, update your details, switch investment options, transfer your super from other funds and request estatements and enewsletters. You can register for MemberAccess at acumensuper.com.au Advice when you need it Super can be complex. When you consider your super is one of the biggest investments you ll make, it makes sense to get good advice. To help you get the most from your super and personalise it to your needs, REST will pay for your first super-related question over the phone with a Money Solutions** Money Coach (subject to superannuation laws). REST does not pay commissions to Money Solutions. We re here to help If you d like more information about the benefits of investing with Acumen, visit acumensuper.com.au, or call Acumen Customer Service on * Awards and ratings are only one factor you should consider when making decisions on your super. For further information about the methodology used by Chant West, see chantwest.com.au ^ SuperRatings Fund Crediting Survey SR 50 Balanced (60-76) Index, June Past performance is not an indicator of future performance. Registered to BPAY Pty Ltd ABN ** Money Solutions Pty Limited ABN , AFSL No Money Solutions personnel are not representatives of the Trustee. Any financial product advice given by Money Solutions is provided under the Money Solutions AFSL. The Trustee does not accept liability for any loss or damage incurred by any person as a result of using products or services provided by Money Solutions. Acumen Product Disclosure Statement 3

4 4. Risks of super All investments have some level of risk. Super funds generally invest in a range of asset classes for example, cash, bonds, property and shares that have different levels of risk. The likely investment return, and the risk of a negative return, is different for each investment option depending on the underlying mix of assets in that investment option. Assets with the highest potential return over the longer-term (such as shares), may also carry the highest level of short-term risk. Acumen offers 13 different investment options with different levels of risk. When considering your investment in super, it is important to understand that: the value of investment options can go up and down future returns may differ from past returns returns are not guaranteed, will vary, and you may lose some of your money superannuation, social security and tax laws may change in the future the amount of your future super savings (including contributions and returns) may not be enough to adequately provide for your retirement. The appropriate level of risk for you will vary depending on a range of factors including your age, investment time frame, where your other assets are invested and how comfortable you are with the possibility of a negative return in some years. Other significant risks include: market risk investment returns may be affected by economic conditions, government regulations, market sentiment, international events and other factors company specific risk an investment in a specific company may be affected by changes to the company such as loss of a big customer, changes in management and other internal and external factors currency risk investments in international assets may be negatively affected by currency fluctuations interest rate risk changes in interest rates in Australia and overseas can have a direct or indirect impact upon the value and return of all types of assets liquidity risk from time to time some investments may not be easily converted to cash due to abnormal or difficult market conditions. You should read the important information about the risks of super before making a decision. Go to the Acumen Member Guide available in MemberAccess at acumensuper.com.au/pds The material relating to the risks of super may change between the time when you read this Statement and the day when you acquire the product. 5. How we invest your money Acumen offers 13 investment options, each with a different level of risk and potential return. The Core Strategy for example is designed for members looking for a balance between risk and return, with a wide asset allocation range. You can choose one option or a combination of different options to create your own portfolio. As Acumen is a choice product, you must choose an investment option. There is no default investment option in Acumen. You must consider the likely investment return, risk and your investment time frame when choosing an investment option. Your investment choices Growth Overseas Shares Shares Australian Shares Diversified High Growth Core Strategy Asset Type Cash Plus Capital Stable Balanced Property Bond Cash Defensive Basic Cash Lower risk Risk band and level Higher risk 4

5 You can switch investment options at any time, or ask that future contributions be paid into a different option. You can switch investment options online in MemberAccess, or by completing an Application to make an investment choice form and returning it to REST. For details of the effective unit price, please refer to rest.com.au/investments Acumen s investments are managed by investment managers appointed by the Trustee. The Trustee recognises that sustainability factors (which include but are not limited to environmental, social and governance factors) and risks may have a material influence on the investment returns over the long term. As a result, the Trustee adopts strategies and appoints investment managers that are considered to be consistent with delivering the Fund s stated investment objectives, as a long-term investor on behalf of its members. Investment details for Core Strategy Aim Investment return objective 1 Asset allocation 2 To achieve a balance of risk and return by investing in both growth assets and defensive assets CPI + 3% pa over the long-term (rolling 10 year periods) 22% defensive, 78% growth A mix of shares and bonds, property, infrastructure, alternative assets and cash 6% 6% 29% 29% 10% 10% 13% 13% 6% 19% 6% 19% 11% 11% Cash securities 6% (0-25%) Bonds 6% (5-75%) Defensive alternatives 10% (0-25%) Growth alternatives 13% (0-25%) Infrastructure 6% (0-15%) Property 11% (0-25%) Australian shares 19% (15-45%) Overseas shares 29% (5-35%) Minimum suggested timeframe Standard Risk Measure 3 Risk band and level 3 What this option has returned 4 (Past performance is not an indication of future performance) ecurities years Estimated 3 to less than 4 negative annual returns over any 20 year period Risk band 5, Medium to High Yearly return^ % % % % % Five year annualised return 10.17% Ten year annualised return 7.82 % The Core Strategy investment option is designed for members looking for a balance between risk and return, with a wide asset allocation range. The Core Strategy has an exposure to the Australian shares asset class which may include companies listed in Australia whose legal domicile is overseas. In addition, up to 10% of this asset class may be invested in stocks listed on the New Zealand Stock Exchange. ^ Core Strategy returns are based on unit pricing from 1 January 2013 onwards. A crediting rate was used prior to that date. 1 This is what the Trustee uses to determine asset allocation. It is also used to measure if the investment objective is met. It is not a guaranteed rate of return. REST does not use the Return Target (shown in the Product Dashboard) to set the investment return objective. 2 For the Core Strategy option, the asset allocation will vary year to year within the ranges shown in brackets. This also means the allocation to defensive assets and growth assets will vary from time to time. The Trustee reserves the right to vary the asset allocations, including the benchmarks and ranges, of all or any of the investment options, introduce new options or close existing options without prior notice (where permitted by law). 3 More information about risk band and level and Standard Risk Measure can be found in the Investment Guide available at acumensuper.com.au. 4 Returns are quoted at 30 June each year after fees not directly charged to your account and taxes have been deducted. The returns stated are correct as at 30 June You should read the important information about how we invest your money before making a decision. Go to the Investment Guide available at acumensuper.com.au/pds The material relating to how we invest your money may change between the time when you read this Statement and the day when you acquire the product. Acumen Product Disclosure Statement 5

6 6. Fees and costs Consumer Advisory Warning DID YOU KNOW? Small differences in both investment performance, and fees and costs can have a substantial impact on your long-term returns. For example, total annual fees and costs of 2% of your account balance rather than 1% could reduce your final return by up to 20% over a 30-year period (for example, reduce it from $100,000 to $80,000). You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs. Your employer may be able to negotiate to pay lower administration fees where applicable. Ask the fund or your financial adviser. TO FIND OUT MORE If you would like to find out more, or see the impact of the fees based on your own circumstances, the Australian Securities and Investment Commission (ASIC) website (moneysmart.gov.au) has a superannuation fee calculator to help you check out different fee options. The Consumer Advisory Warning is a government prescribed warning. Lower administration fees cannot be negotiated with Acumen. The calculator on the ASIC website at moneysmart.gov.au can be used to calculate the effect of fees and costs on your super account balance. Fees and costs for the Core Strategy This section provides summary information about the main fees and other costs for our Core Strategy option which may be paid directly from your account or deducted from investment returns. The fees and costs for our other investment options are different. Similar information is included in other Product Disclosure Statements so you can compare Acumen s fees and costs with those for other funds or products. The following table shows a range of fees and costs which vary depending on your sub-plan. Acumen Type of fee or cost Amount How and when paid Investment fee Estimated to be 0.66% pa, including estimated performance fees of 0.12% pa Accrued and reflected in an option s unit price. It is not deducted directly from your account Administration fee From $0.00 to $1.60 per week plus from 0.00% to 0.65% pa of your account balance at the end of the month Buy/sell spread Buy spread range 0.02% % Sell spread 0.00% Deducted from your account at the end of each month Included in the relevant unit price and applied to your account or transaction as applicable Switching fee Nil Not applicable Exit fee Nil for the first withdrawal (regardless if full or partial) then $25 per withdrawal thereafter Deducted when the transaction is processed Advice fees Nil Nil relating to all members investing in a particular product or investment option Other fees and costs 1 Contribution splitting fee of $60 per split Family law split fee of $50 per split Personal advice fees, if you agree a fee with Money Solutions Insurance fees, if you have insurance cover in Acumen Indirect cost ratio Nil Nil Deducted from your account at the time the contribution split is made Split between your account and your spouse s account when the split is made As agreed with Money Solutions Please see section 8 Insurance in your super 1 For information regarding the definitions of the fees and costs incorporated in the table above, please refer to the Additional explanation of fees and costs and Defined fees section of the Acumen Member Guide. These definitions and costs can also be found at rest.com.au/definedfees 6

7 Fees changes All fees and charges are current and may be revised or adjusted by Acumen from time to time without your consent. We may also introduce new fees. Where there is an increase in fees or charges, we will give you at least 30 days prior notice, as required by law. This excludes the investment fee which the Trustee reviews regularly. Example of annual fees and costs for the Core Strategy option The table below gives an example of how fees and costs in the Core Strategy option can affect your superannuation investment over a one year period. You should use this table to compare this superannuation product with other superannuation products. For specific fee information on your sub-plan, visit acumensuper.com.au/pds Example The Core Strategy Investment Option Balance of $50,000 Investment fees PLUS Administration fees PLUS Indirect costs for the Core Strategy investment option EQUALS Cost of product 0.66% pa including a performance fee of 0.12% Between 0.0% and 0.65% pa ($0 to $325) plus between $0 and $83.20 ($0.00 to $1.60 per week) For every $50,000 you have in the product you will be charged $330 each year And, you will be charged administration fees of between $0 to $325 regardless of your balance plus between $0 to $ % And, indirect costs of $0 each year will be deducted from your investment If your balance was $50,000, then for that year you will be charged fees of between $330 to $ for the product Note Additional fees may apply. And, if you leave the superannuation entity early, you may also be charged an exit fee of nil for the first withdrawal (regardless if full or partial) then $25 per withdrawal thereafter. You should read the important information about fees and costs before making a decision. Go to the Acumen Member Guide available in MemberAccess at acumensuper.com.au/pds The material relating to fees and costs may change between the time when you read this Statement and the day when you acquire the product. Financial advice fees Subject to superannuation laws, Acumen will pay for your first super-related question over the phone with a Money Solutions Money Coach. If you would like more extensive financial advice, Money Solutions will tell you how much it will cost before asking if you would like to proceed. Also, if you are issued with a Statement of Advice from a financial adviser, it will include fee details. Visit acumensuper.com.au or call Acumen Customer Service on to learn more about the Money Solutions services available to Acumen members. 7. How super is taxed There are a number of ways super is taxed. As the tax treatment of super is complex and may change from time to time, we recommend you seek advice from a financial adviser such as Money Solutions or your accountant or tax agent. You should provide us with your tax file number (TFN), otherwise a higher tax rate will apply to your contributions or when you later access your benefit. Also, if you don t provide your TFN: we can t accept any personal contributions to your account it will be harder for us to find any of your lost super, so you might not receive all your super benefits when you retire. The following tax rules generally apply to super. If your before or after-tax contribution exceeds the contribution caps, you will pay extra tax. Acumen will pay the tax applying to your account directly to the (ATO). Contributions from your before-tax salary are taxed at 15%. Contributions from your after-tax salary are not taxed. Investment earnings are taxed at a maximum rate of 15%. Withdrawals from your account may be taxed if you are aged less than 60. Once you turn 60, you can withdraw your super tax-free. For information about how tax applies to super contributions, investment earnings and withdrawals go to ato.gov.au/super You should read the important information about how super is taxed before making a decision. Go to the Acumen Member Guide available in MemberAccess at acumensuper.com.au/pds 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. Acumen Product Disclosure Statement 7

8 8. Insurance in your super When you join Acumen, your employer may have elected to have insurance cover automatically provided to you. The type and level of cover depends on what your employer has organised for you. The amount of automatic cover (if any) and the formula used to calculate this cover and premiums can be found in MemberAccess. To log into MemberAccess visit acumensuper.com.au/pds and follow the prompts. Insurance premiums are deducted from your Acumen account for this cover. The types of cover available to Acumen members are: Death Only or Death and Total and Permanent Disablement (TPD) cover, and/or Income Protection cover. If your proposed cover exceeds the automatic acceptance level for your sub-plan, you join outside eligibility requirements, or you wish to apply for voluntary cover (if available under your sub-plan), you will be required to provide evidence of your health satisfactory to the insurer. The insurance premium for your cover depends on the amount of cover offered by your employer, any additional cover you request, your age, gender, occupation and, in the case of Income Protection cover, your salary, the waiting period and benefit period under your sub-plan. Monthly insurance premiums deducted from your account could vary from $0 to $1,667 for Death cover, Death and TPD cover and Income Protection cover, depending on your level of cover and other details listed above. The maximum insurance cover available is $5,000,000 for Death cover, $2,000,000 for TPD cover, and $20,000 per month for Income Protection cover. Cover generally ceases at age 65 (depending on your sub-plan). Insurance cover available, the cost of cover, level of cover, and the ability to change and/or cancel your cover, varies between sub-plans. Please refer to the Member Guide available in MemberAccess at acumensuper.com.au for information on your sub-plan. Please note that unless you cancel your cover, insurance premiums will be deducted from your Acumen account (unless paid by your employer). Entitlement to insurance cover may be affected by the terms relating to eligibility for cover, cancelling insurance cover and the applicable conditions and exclusions of Acumen s insurance cover. If you make an insurance claim, we and the insurer will determine whether you are entitled to be paid an insurance benefit based on the terms of the relevant policy, the trust deed rules and the law. You should read the important information about insurance cover, the premiums and eligibility for cover, before making a decision. Go to the Acumen Member Guide available in MemberAccess at acumensuper.com.au The material relating to insurance in your super may change between the time when you read this Statement and the day when you acquire the product. 9. How to open an account 1. Your employer will open the account for you. 2. Read this PDS and the other important information referred to in the Member Guide. 3. Complete the Application to make an investment choice form included with this PDS or available from acumensuper.com.au and return the form to either your employer or Acumen. 4. Complete the Nomination of Beneficiary form available from acumensuper.com.au 5. You or your employer can then start to make regular and/or ad hoc contributions into your account. 6. Once you have your member number, login to MemberAccess at acumensuper.com.au to review your options, such as whether you would like to receive your annual member statement electronically instead of in the mail. Cooling-off period Cooling-off rights do not apply to employee members. However, an employer can change their mind about the product, and has 14 days to check whether the Fund meets their needs and cancel their application during this time. The employer then has one month to nominate a complying fund into which amounts are to be transferred. The amount we refund or transfer may be less than the amount originally invested. Cooling-off rights cannot be exercised if the employer has exercised any rights in relation to the Fund. Any insurance claim made during this time will be null and void. Concerns and complaints If you have a concern, please contact us straight away to see if we can assist immediately. You can make a formal complaint to REST online (via Contact Us on our website), by letter or by phone, noting that you wish to lodge a complaint. Our contact details are listed on page 2 of this PDS. Your privacy Your privacy is important to us. Our privacy policy sets out how your personal information is managed, and is available at rest.com.au Our privacy collection statement is on the inside back cover of this PDS. You should read the important information about how to open an account and Acumen s complaints process before making a decision. Go to the Acumen Member Guide available in MemberAccess at acumensuper.com.au/pds The material relating to how to open an account and Acumen s complaints process may change between the time when you read this Statement and the day when you acquire the product. 8

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10 REST SUPER SOLUTIONS Application to make an investment choice Office Use You can complete an online version of this form quickly and easily in MemberAccess at rest.com.au. Or, you can complete this form and mail it to us. Use this form to select or change your investment option. Please write in BLOCK LETTERS and use a BLACK or BLUE pen. This form will be invalid if unsigned and undated. Fields marked * are mandatory. If you do not complete all mandatory fields, there may be a delay in processing your request. If you are a new member joining Acumen, it is mandatory for you to select an investment option as Acumen is a choice product. Once you ve completed and signed this form, please mail to: Acumen, Locked Bag 5037, Parramatta NSW Section 1: Personal details (fields with * are required) Member number Mr/Mrs/Ms/Miss/Dr Surname* Given name(s)* Date of birth (dd/mm/yyyy)* Unit number* Street number* Street name* Suburb/Town* State* Postcode* Telephone (business hours) Mobile address Section 2: Investment choice Select either Option 1 or Option 2 Option 1 Option 2 Investment code If you would like your entire current balance and any future transactions allocated in the same way, complete this column only If you would like your current balance and any future transactions allocated in a different way, complete both of these columns Current balance Either Tick this box: Do not switch my current balance Or Choose how you would like to switch your current balance below: Future transactions You must complete this column even if there is no change in the way you would like your future transactions allocated. Core Strategy B1. %. %. % Structured options Cash Plus A1. %. %. % Capital Stable A2. %. %. % Balanced A3. %. %. % Diversified A4. %. %. % High Growth A5. %. %. % Member-tailored options Basic Cash C7. %. %. % Cash C1. %. %. % Bond C2. %. %. % Shares C3. %. %. % Australian Shares C4. %. %. % Overseas Shares C5. %. %. % Property^ C6. %. %. % Total % % % *Conditions apply. See Declaration. Must total 100% Must total 100% Must total 100% The Trustee company of Retail Employees Superannuation Trust ABN is Retail Employees Superannuation Pty Limited ABN , AFSL Registered Office: Level 7, 50 Carrington Street, Sydney NSW Issue date: 1 October 2015 Page 1 of 2

11 Section 3: Declaration Please direct my current balance and all future transactions made by me and/or on my behalf to the investment option(s) that I have nominated on this form. I declare that: I have read, understood and agree to all information in the Acumen PDS and Investment Guide I understand that the material contained in the Acumen PDS and Investment Guide is only a general outline of the issues covered I understand that if I have selected investment option(s) without any professional advice regarding my own circumstances, or I have chosen not to provide all the information required by my adviser or I have chosen to take up an option(s) that differs from my adviser s recommendations, I may be making investment decisions or a financial commitment in respect of my super based on my own views and that may not suit my needs I understand that my switch will become effective in accordance with the terms on How to switch an investment option on rest.com.au/investments. I understand that current balance includes any transfers and contributions received prior to the date the switch becomes effective and that any transfers and contributions received after that date will be considered a future transaction I understand that once my request to switch has been accepted, it cannot be reversed. A further switch can be lodged which will then take effect on the relevant date for that particular switch. I consent to the use and disclosure of information provided in this form in accordance with information on privacy in the Acumen PDS and REST s Privacy Policy I accept responsibility for any choice of investment option and acknowledge REST shall not be liable for any loss due to a choice made by myself Please direct all future transactions by me or on my behalf to the investment option(s) that I have nominated in this form I understand if I have not made an investment choice or that if my choice does not total 100% that this form will be invalid REST can contact me by if I have provided my address. I understand and agree to the following terms and conditions as to illiquidity that apply to the Property option, to the extent that I have selected the Property option: (a) the Property option is an illiquid investment option as it invests mainly in property which cannot be sold quickly without a significant loss in value; (b) I agree to waive my right to require the Trustee to process any withdrawal, rollover, transfer or switch request ( Transaction Request ) I make within 30 days, due to the illiquid nature of the underlying investments; (c) the Trustee will process Transaction Requests within 30 days, unless the Trustee has frozen Transaction Requests out of the Property option; and (d) the Trustee may, without prior notice, freeze Transaction Requests out of the Property option for up to two years. These terms and conditions have been introduced for the purpose of complying with the illiquid investment rules in Regulation 6.34A of the Superannuation Industry (Supervision) Regulations Signature Office use only Date (dd/mm/yyyy) Office Use Page 2 of /15 ISS4

12 REST SUPER SOLUTIONS Voluntary contributions direct debit request Use this form to make voluntary contributions via direct debit. Please note that direct debiting is not available from all accounts and some institutions may charge a fee. Please write in BLOCK LETTERS and use a BLACK or BLUE pen. This form will be invalid if unsigned and undated. Please send this completed form to: Acumen, Locked Bag 5037, Parramatta NSW Section 1: Personal details Member number Date of birth (dd/mm/yyyy) Gender (M/F) Mr/Mrs/Ms/Miss/Dr Surname Given name(s) Unit number Street number Street name Suburb/Town State Postcode Telephone (business hours) Mobile address Acumen is unable to accept voluntary contributions without a Tax File Number (TFN). My TFN is: or, I have previously provided my TFN (please tick). Important: Under the Superannuation Industry (Supervision) Act 1993, you are not obliged to disclose your tax file number, but there may be tax consequences. Please read Section 4 of this form TFN collection statement. Tick this box if you do not consent to the uses of your TFN as outlined in Section 4. I declare that (tick one box only): I am under age 65, or I am aged 65 to 74 and have been in paid employment for at least 40 hours in a period of not more than 30 consecutive days during the current financial year. I request REST to debit my account as outlined in this form, until further notice. Signature of applicant Date (dd/mm/yyyy) Office Use The Trustee company of Retail Employees Superannuation Trust ABN is Retail Employees Superannuation Pty Limited ABN , AFSL Registered Office: Level 7, 50 Carrington Street, Sydney NSW Page 1 of 4

13 Section 2: Your authorisation I/we request that, until further notice in writing, Acumen to debit the nominated amount from my/our account in the schedule (over). I/we agree to meet any bank charges resulting from my/our use of the direct debit system and authorise Acumen to deduct any bank charges and/or costs it incurs in processing this request from my/our account. I/we understand and acknowledge that: the financial institution may, in its absolute discretion, determine the order of priority of payment of any monies pursuant to this request or any authority or mandate; the financial institution may, in its absolute discretion, at any time by notice in writing to me/us, terminate this request as to future debits; and the user may, by prior arrangement and advice to me/us, vary the amount or frequency of future debits. I/we have read the terms of the Direct Debit Request Service Agreement on the back of this form and agree to be bound by them. By signing this form, I indemnify REST for all losses, costs and expenses that it suffers as a result of my breaching the Direct Debit Request Service Agreement or providing an invalid or non-binding direct debit request addressed to REST. Account holder one (1) Full name of account holder Signature of account holder one Date (dd/mm/yyyy) Account holder two (2) Full name (if joint account holder) Signature of account holder two Date (dd/mm/yyyy) Address of account holder Unit number Street number Street name Suburb/Town State Postcode Name of financial institution Branch address Postcode The bank account to be debited Please tick one box Savings Cheque $ Account name Amount to be debited monthly BSB number Account number - Office Use Page 2 of 4

14 Section 3: Direct debit request service agreement 1. Why an agreement? Through this direct debit request you are allowing us to debit amounts from your bank* account on a monthly basis. 2. If Acumen wants to change this agreement, we will notify you at least 14 days before making any changes. Please contact Acumen Customer Service if you want to make an enquiry or would like to: change your direct debit advise us in writing at least three business days before the date we debit your bank account cancel your direct debit request advise us in writing at least three business days before the date we debit your bank account dispute a debit that has been made from your bank account Acumen will respond to your dispute within five business days. 3. We will always try to debit your account on the 20th of each month, except when that date falls on a weekend or public holiday. In this case we will debit your account on the next business day. 4. You should make sure that you always have enough cleared funds in your bank account for us to debit your account. If there is not enough money (that is, cleared funds) in your bank account, we will still make a debit. But if your bank dishonours the debit, we may pass any dishonour fees and/or any costs incurred by Acumen on to you. 5. We will keep your bank account details confidential, unless we are required by law to disclose them, if Acumen s bank needs information about your bank account or if you give us permission to reveal your bank details. 6. Before completing this direct debit request, please check with your bank that: your bank account accepts direct debiting as some accounts do not, and the bank account number you give us is correct (refer to your bank statement or contact your bank if necessary). * Please note that, where we talk about bank, this could also mean other financial institutions. For more information on Acumen s privacy policy visit acumensuper.com.au Please photocopy this service agreement for your future reference before sending your form to us. Section 4: TFN collection statement Under the Superannuation Industry (Supervision) Act 1993, your superannuation fund is authorised to collect your TFN, which will only be used for lawful purposes. These purposes may change in the future as a result of legislative change. The Trustee may disclose your TFN to another superannuation provider when your benefits are being transferred, unless you request the Trustee in writing that your TFN not be disclosed to any other superannuation provider. The Trustee with your consent may use your TFN to locate amounts held for you in different superannuation accounts you have with Acumen or to consolidate any superannuation accounts you have with other superannuation providers. The Trustee with your consent may disclose your TFN to the Australian Taxation Office (ATO) and to those superannuation providers identified by the ATO that may hold superannuation benefits in respect of you and to those superannuation providers nominated by you in order to: receive results of any searches of the ATO s super records; receive payment of any amount identified through the search process; transfer such amounts to your Acumen account; and otherwise assist in consolidating your superannuation accounts. It is not an offence not to quote your TFN. However, giving your TFN to your superannuation fund will have the following advantages (which may not otherwise apply): your superannuation fund will be able to accept all types of contributions to your account(s); the tax on employer contributions to your superannuation account(s) will not increase; other than the tax that may ordinarily apply, no additional tax will be deducted when you start drawing down your superannuation benefits; and it will make it much easier to trace different superannuation accounts in your name so that you receive all your superannuation benefits when you retire. Note, if you do not give the Trustee your TFN either now or later: the fund will not be able to accept personal contributions and contributions your spouse makes for you, this also means you may miss out on super co-contributions; contributions an employer makes for you, including salary sacrifice contributions will be taxed at a higher rate; and tax will be withheld from cash withdrawals at a higher rate. Office Use Page 3 of 4

15 Section 5: Contribution cap The Government has imposed annual caps on both concessional and non-concessional contributions for super. Contributions above these caps are taxed at a higher rate. Please visit rest.com.au/facts for more information on contributions caps. Your Privacy Your privacy is important to us. Our privacy policy sets out how your personal information is managed, and is available at acumensuper.com.au. Office Use Page 4 of /15 ISS4

16 REST SUPER SOLUTIONS Rollover initiation request Transfer whole balance of benefit between funds Under the Superannuation Industry (Supervision) Act 1993 You can complete an online version of this form quickly and easily in MemberAccess at rest.com.au Or, you can complete this form and mail it to us. Completing this form: Read the Important information on the following page. This form is only for whole (not part) balance transfers. Please write in BLOCK LETTERS and use a BLACK or BLUE pen. This request will be invalid if unsigned and undated. Fields marked * are mandatory. If you do not complete all of the mandatory fields, there may be a delay in processing your request. Once you ve completed and signed this form, please mail to: Acumen, Locked Bag 5037, Parramatta NSW Section 1: Personal details Date of birth (dd/mm/yyyy)* Gender (M/F) Mr/Mrs/Ms/Miss/Dr* Surname* Given name(s)* Other/Previous name(s) Residential address Unit number Street number* Street name* Suburb/Town* State* Postcode* Previous address If you know that the address held by your FROM fund is different to your current residential address, give details below. Unit number Street number Street name Suburb/Town State Postcode Telephone (business hours)* Mobile My Tax File Number (TFN) Under the Superannuation Industry (Supervision) Act 1993, you are not obliged to disclose your tax file number, but there may be tax consequences. See what happens if I do not quote my Tax File Number (TFN)? on page 3. The Trustee company of Retail Employees Superannuation Trust ABN is Retail Employees Superannuation Pty Limited ABN , AFSL Registered Office: Level 7, 50 Carrington Street, Sydney NSW Office Use Page 1 of 4

17 Section 2: Fund details If you have multiple account numbers with this fund, you must complete a separate form for each account you wish to transfer. FROM Fund name* Fund phone number (business hours)* Membership or account number Australian Business Number (ABN) Unique Superannuation Identifier (USI) Each Superannuation product is assigned a (USI); providing a USI can prevent rollover delays. You can usually find a USI on an annual statement, your rollover fund s website or by contacting your rollover fund directly. TO Fund name Acumen Fund address Locked Bag 5037, Parramatta NSW 2124 Fund phone number Acumen member number* Australian Business Number (ABN) Unique Superannuation Identifier (USI) RES0104AU Proof of identity For transfers between super funds, your FROM fund will certify your identification (ID) with the Australian Taxation Office (ATO). Where a positive match is made your benefit can be transferred to REST. However if a positive match cannot be made your FROM fund may require that you provide certified copies of your proof of identification documents (including any linking documents). Office Use Page 2 of 4

18 Section 3: Authorisation By signing this request form I am making the following statements: I declare I have fully read this form and the information completed is true and correct. I am aware I may ask my superannuation provider for information about any fees or charges that may apply, or any other information about the effect this transfer may have on my benefits, and have obtained or do not require such information. I consent to my tax file number being disclosed for the purposes of consolidating my account. I discharge the superannuation provider of my FROM fund of all further liability in respect of the benefits paid and transferred to my TO fund. I request and consent to the transfer of superannuation as described above and authorise the superannuation provider of each fund to give effect to this transfer. Name (print in BLOCK letters)* Signature* Date (dd/mm/yyyy)* What happens if I do not quote my Tax File Number (TFN)? What happens to my future employer contributions? You are not obligated to provide your TFN to your super fund. Using this form to transfer your benefits will not change the However, if you do not provide your TFN, your super fund may fund to which your employer pays your contributions and may be taxed at the highest marginal tax rate plus the Medicare levy close the account you are transferring your benefits FROM. on contributions made to your account in the year, compared to the concessional tax rate of 15%. Your fund may deduct this If you wish to change the fund into which your additional tax from your account. contributions are being paid, you will need to speak to your employer about your choice of fund. For the If your super fund does not have your TFN, you will not be appropriate forms and information about whether you able to make personal contributions to your super account. are eligible to choose the fund to which your employer Choosing to quote your TFN will also make it easier to keep contributions are made, visit superchoice.gov.au or call track of your super in the future. the ATO on Under the Superannuation Industry (Supervision) Act 1993, Things you need to consider when transferring your super your super fund is authorised to collect your TFN, which will only be used for lawful purposes. These purposes may change When you transfer your super, your entitlements under in the future as a result of legislative change. The TFN may be that fund may cease. You need to consider all the relevant disclosed to another super provider when your benefits are information before you make a decision to transfer your being transferred, unless you request in writing that your TFN super. If you ask for information, your super provider must is not to be disclosed to any other trustee. give it to you. Some of the points you may consider are: Important information Fees your FROM fund must give you information about any exit or withdrawal fees. If you are not aware These instructions only relate to completing this form to of the fees that may apply, you should contact your transfer into REST. By completing this form, you will initiate fund for further information before completing this a rollover request to transfer the whole balance of your form. The fees could include administration fees as super benefits between funds. This transfer may close your well as exit or withdrawal fees. Your TO fund may also account and may affect any insurance arrangements you have charge entry or deposit fees on transfer. Differences in with your FROM fund (you will need to check this with your fees funds charge can have a significant effect on what FROM fund). you will have to retire on. For example, a 1% increase in fees may significantly reduce your final benefit. This form can NOT be used to: Death and disability benefits your FROM fund may insure Transfer part of the balance of your super benefits you against death, illness or an accident which leaves Transfer benefits if you don t know where your super is you unable to return to work. If you choose to leave your Transfer benefits from multiple funds on this one form current fund, you may lose any insurance entitlements you a separate form must be completed for each fund you have. Other funds may not offer insurance, or may require wish to transfer super from you to pass a medical examination before they cover you. Change the fund to which your employer pays When considering a new fund, you may wish to check the contributions on your behalf costs and amount of any cover offered. Open a super account Transfer benefits under certain conditions or circumstances, for example if there is a super agreement under the Family Law Act 1975 in place. Office Use Page 3 of 4

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20 REST SUPER SOLUTIONS Nomination of beneficiary Use this form to: make a binding or non-binding nomination to indicate who you want to receive your death benefit if you die; or change your current nomination; or cancel your current nomination. You can also login to MemberAccess at to update your non-binding nomination at any time. Please write in BLOCK LETTERS and use a BLACK or BLUE pen. This request will be invalid if unsigned and undated. This form cannot be used to nominate or change REST Pension beneficiaries. Visit to download the REST Pension Nomination of beneficiary form. Mail to: Acumen, Locked Bag 5037, Parramatta NSW 2124 Section 1: Current member details Member number Date of birth (DD/MM/YYYY) Mr/Mrs/Ms/Miss/Dr Surname Given name(s) Telephone (business hours) Mobile address Section 2: Select your beneficiary nomination type By completing this form you replace any existing beneficiary nomination. What type of beneficiary nomination would you like to make? (you must tick one only) To find out more on beneficiary nomination types please see the relevant Member Guide at Binding nomination (Complete section 3 and section 4) Non-binding nomination (Complete section 3 only) Cancel my current nomination and no other nomination is required. If your current nomination is a binding nomination, section 4 must be completed. What if I don t make a nomination or it is not valid at the time of death? In this case your death benefit may go to your dependants and/or your estate as the Trustee determines. If your death benefit is paid to your estate it can be used to pay any debts and will be distributed according to your Will (if any). Your privacy is important to us Our Privacy Policy details how your personal information is managed and is available at Section 3: Beneficiary nomination You can only nominate a person(s) who is a dependant and/or your legal personal representative (your estate), to receive your death benefit, which includes any insurance cover you may be entitled to at the time of death. Please refer to the relevant Member Guide for more information. The share of the death benefit must be a whole number. You can change your beneficiary nomination or revoke your beneficiary nomination at any time. The beneficiary nomination provided here will replace any existing beneficiary nomination. Office Use Page 1 of 2

21 Section 3: Beneficiary(ies) nomination (continued) Full name and residential address of nominated beneficiary(ies) Beneficiary date of birth Relationship to member (select one) Proportion (%) of death benefit 1. My Legal Personal Representative (My Estate) Not applicable Not applicable % and/or nominated beneficiary(ies) below 2. Name: D.O.B Address: / / 3. Name: D.O.B Address: / / 4. Name: D.O.B Address: / / Spouse Child % Financial dependant Interdependent Spouse Child % Financial dependant Interdependent Spouse Child % Financial dependant Interdependent The total proportion of your beneficiary nominations, including your legal personal representative (your estate), must be 100%. If you have more than 4 nominations, please attach another form for these nominations. 100% The Trustee accepts no responsibility for checking the eligibility of the person(s) nominated. For all beneficiary nominations to be valid: all required sections of this form need to be completed correctly total percentage of beneficiary nominations must equal 100% your request must be received by the Trustee. Your declaration All the information I have given on this form is true and accurate. I understand this beneficiary nomination replaces any existing beneficiary nomination I have made. Unless I have made a binding nomination and completed section 4, Office Use I understand that my beneficiary nomination will be used as a guide only and is not binding on the Trustee. I have read the information about privacy in the relevant Product Disclosure Statement and I understand how my personal information may be used. In relation to a binding nomination I understand that: this binding death benefit nomination is effective for three years from the date on which it is signed it must be received by the Trustee before my death my beneficiary/ies and I will be bound by the provisions of the trust deed I can cancel or update a binding death benefit nomination at any time by completing a new Nomination of Beneficiary form this binding nomination binds the Trustee to distribute my death benefit as specified, unless my binding nomination is invalid or has expired; in which case I understand that the Trustee can use its discretion to identify and pay beneficiaries; and the Trustee accepts no responsibility for an incorrect nomination or completion of this form. Signature Section 4: Witness declaration (Binding nomination only) Date (DD/MM/YYYY) For your binding nomination to be valid: it must have been signed and dated in the presence of two witnesses over the age of 18 neither of your witnesses are named as beneficiaries your witnesses have signed and dated the form the same date as you your total binding nomination(s) must equal 100% and all required sections are appropriately completed. Signature of witness 1 Signature of witness 2 Full name of witness 1 Full name of witness 2 Note: The date below must match the date of your signature in Section 3 Date (DD/MM/YYYY) Date (DD/MM/YYYY) The Trustee company of Retail Employees Superannuation Trust, ABN , is Retail Employees Superannuation Pty Limited, ABN , AFSL Registered Office: Level 7, 50 Carrington Street, Sydney, NSW Page 2 of /14 ISS3

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23 REST Privacy collection statement REST may collect personal information from you. REST may also collect your personal information from your employers, medical advisers, the Australian Taxation Office, other superannuation and insurance entities, clearing houses, gateway providers, address-matching service providers, service providers who conduct internet based surveys or run call centres and your spouse or friends. We are required to collect your name, address, date of birth and other verification information under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and we are required and authorised to collect your Tax File Number in various circumstances covered by the Superannuation Industry (Supervision) Act 1993 (Cth). We collect, hold, use and disclose your personal information to: establish and operate your membership account process contributions to your account correspond with you regarding your account provide you with superannuation, insurance or other products, services, benefits or options (REST Services) (or information about them) help locate your lost super and to consolidate your super respond to your enquiries and requests for information conduct surveys, research and analytics test potential REST Services understand and meet your superannuation needs over your lifetime. If we cannot collect your personal information we may be unable to provide you with REST Services (or information about them) or we may be unable to tailor the content of our websites to your preferences or to give you more relevant content. We may disclose your personal information to third parties including: mailing and printing companies archiving companies auditors, actuaries and legal advisers employers insurers medical practitioners service providers, including contribution arrears collection services and address matching services marketing and communications agencies research and analytics providers administrators and advisers IT services our preferred financial services organisations and advice companies. We may disclose personal information to entities located overseas, including India, the Philippines and the United States of America and the United Kingdom. Our Privacy Policy contains information about how you may access and correct the personal information that we hold about you and how to lodge a complaint relating to our treatment of your personal information, and how we will deal with the complaint. Our Privacy Policy is available at rest.com.au or by contacting us. How to contact us You may contact us by phone on , by at contact@rest.com.au, or by writing to Privacy Officer, REST Industry Super, Locked Bag 4085, Parramatta NSW 2124, or you can visit us at level 7, 50 Carrington Street, Sydney NSW Retail Employees Superannuation Pty Ltd, ABN , AFSL , as trustee of the Retail Employees Superannuation Trust (REST) Fund ABN Acumen Product Disclosure Statement 23

24 Join our award winning Industry Super Fund acumensuper.com.au Locked Bag 5037, Parramatta NSW Issued by Retail Employees Superannuation Pty Limited ABN AFSL Unique Superannuation Identifier RES0104AU Acumen is a division of the Retail Employees Superannuation Trust ABN /15 ISS6