A. GENERAL INFORMATION

Transcription

1 Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement (SPDS) This SPDS, dated 1 July 2013, supplements information contained in the Product Disclosure Statement (PDS) for Asgard Infinity ewrap Super/ Pension (ABN ) (Fund) Part 1 of which is dated 23 October In this SPDS, unless otherwise stated, a reference to a page number is to a page number in Part 1 of the PDS. The information in this SPDS is current as at 3 June 2013 (date of preparation), but is subject to change. For further information, refer to Updating the information in this PDS in the PDS. This SPDS is issued by BT Funds Management Limited ABN AFSL (BTFM) and replaces the SPDS dated 3 April 2013 and Updating item dated 1 May The SPDS should be read together with the PDS. A. GENERAL INFORMATION Effective on and from 1 July 2013, Asgard retired as Trustee of the Fund and BTFM was appointed as the new Trustee. Asgard will continue to act as custodian and administrator for the Fund. Any reference in this PDS to Asgard as Trustee or Issuer should be disregarded. As a result, the following changes have been made to the PDS: On the inside of the front cover, replace the This PDS is issued by paragraph with the following: Trustee of Asgard Infinity ewrap Super/Pension and issuer of this PDS BT Funds Management Limited (BTFM)ABN AFSL Custodian and Administrator of Asgard Infinity ewrap Super/Pension: Asgard Capital Management Limited (Asgard) ABN AFSL On page 1, under the heading Important information ; replace the first paragraph with the following: BT Funds Management Limited ABN (BTFM, we, us, our, the Trustee) has prepared this PDS on 3 June 2013 and the Issue Date is 1 July BTFM is the Trustee for the Asgard Infinity ewrap Super account and Asgard Infinity ewrap Pension (collectively referred to as Asgard Infinity ewrap Super/Pension), ABN (the Fund). Asgard Capital Management Limited (Asgard, the Administrator) ABN is the custodian and administrator of Asgard Infinity ewrap Super/Pension. Advance Asset Management Limited ABN AFSL (Advance) is the responsible entity of some of the managed investments that are available through the Asgard Infinity ewrap Super/Pension. Both Asgard and Advance have consented to being named in this PDS. BTFM, Asgard and Advance are subsidiaries of Westpac Banking Corporation ABN AFSL (Westpac). delete the fifth, eighth and ninth paragraphs. replace reference to BT Investment Management (RE) Limited in the second last paragraph with BT Investment Management (Institutional) Limited. Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement 1

2 In the table on page 3, replace the Insurance (Super only) row with the following: Insurance (super account only) Through Infinity ewrap Super, you can access a wide range of life insurance cover and have the insurance premiums deducted from your Cash Account. For further information on insurance, refer to the relevant insurance PDS available from your financial adviser or our Contact Centre. Existing members can also obtain a copy of the relevant PDS through Investor Online. On page 4, replace the last paragraph with the following: You also have access to a range of insurance cover, including life protection, total and permanent disablement protection and salary continuance, which may help protect your lifestyle and family in the event of personal crisis. On page 17, replace the first two paragraphs under the heading Your financial adviser with the following: Your financial adviser is integral to your Infinity ewrap Super/ Pension account. All buys and sells of managed investments and shares must take place through your financial adviser. You can only open an Infinity ewrap Super/Pension account if you have a financial adviser. In the table on page 28, remove reference to insurance in the Investor Online row. B. FEES AND COSTS In the table on page 3, replace the Flexible financial adviser remuneration structure row with the following: Flexible financial adviser remuneration structure You can negotiate the fees to be paid to your financial adviser for financial advice and related services that they provide in relation to your account. We provide you with the flexibility to determine how and when your financial adviser should be paid. On page 30, replace the last paragraph with the following: The fees and other costs shown do not take into account any income tax benefit (if applicable) but, unless otherwise stated, include a net GST and are net of reduced input tax credits (RITC). Replace the entire table on page 31 with the following: Fee type Amount How and when paid? Fees when your money moves in and out of the account Establishment fee The fee to open your account. Adviser fee Contributions 1 The fee payable, with your consent, to your financial adviser in relation to the financial advice they provide on each amounts contributed to your account by you or by someone else for you. Withdrawal fee The fee on each amount you take out of your account. Termination fee The fee to close your account. Nil Between 0% and 5.5% 2 Nil Nil Not applicable If you have consented to this payment, these adviser fees are deducted from your cash account at the time each contribution is made. For one-off contributions, where requested, the adviser fee on contributions can be nominated as a dollar amount at the time the contribution is made. Not applicable Not applicable 2 Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement

3 Fee type Amount How and when paid? Management costs The fees and costs payable to us for managing your account. Cash Account fee The fee charged by the Cash Account Administrator 4 for the administration of your Cash Account. Core administration fee This is the fee for the administration services we provide in relation to your account. It is not related to any financial advice. Account balance First $750, Balance over $750, Optional feature administration fee Feature Cash Account Managed Investments Administration fee (% p.a.) Fee (% p.a.) Nil Select 0.15 or Full 0.20 Share account Term deposits Insurance $300 p.a. Nil Nil Minimum administration fee A minimum administration fee of $75 p.a. applies. No administration fee is payable for cash and term deposits. Investment fees 3 Depending on the investments you choose, these fees are payable to the investment managers of the managed investments in your account. The amount you pay for a specific investment option is shown in the PDS Part 2 List of available investment options. The estimated investment fees including performance fees range from 0.00% per annum to 5.70% per annum (excluding any investment fee rebates). This fee is the difference between: the interest earned by the Cash Account Administrator on the underlying bank accounts (including term deposits) it maintains with St.George and/or Westpac in which the cash from your Cash Account is deposited, and the declared interest rate which is payable to you for your Cash Account. 5 At the issue date of this PDS, the declared rate was approximately the Reserve Bank of Australia (RBA) cash rate less 1% p.a. Our fees and other costs The total administration fees charged will depend on the additional features you have added to your account (whether you are actively using them or not). Administration fees for additional features are charged in addition to the Core administration fee. Administration fees are calculated based on your account balance (managed investments and shares only) at the end of the previous month. Deducted from the Cash Account monthly in arrears (at the beginning of each month) and paid to us. Where your share account is set up during the month, the fee will be charged on a pro-rata basis. This fee is calculated on a daily basis and deducted from the Cash Account monthly in arrears (at the beginning of the month). Fees in respect of managed investments are generally reflected in the unit prices of the managed investments in your portfolio or profile. These fees are generally deducted by each investment manager from their managed investment, usually on a monthly basis. These fees are based on the value of the managed investment in your account. The Cash Account fee accrues daily. It is charged before interest is credited to your Cash Account at the end of each month. The Cash Account fee is not separately deducted from your Cash Account. It is paid as an expense out of the cash deposited in the underlying bank accounts (including term deposits) the Cash Account Administrator maintains with St.George and/or Westpac. Service Fees 6 Investment switching fee 7 The fee for changing investment options. Nil Not applicable 1 We will, on obtaining your consent, pay this amount to your financial adviser for advice or other related services provided to you in relation to your ongoing contributions to this product. This fee is negotiable. You may also provide your consent to us paying other fees to your financial adviser. Refer to the Adviser fee - Contributions section under the heading Adviser remuneration/fees. 2 This amount is inclusive of GST. The actual amount charged will be net of RITC and will depend on the level of RITC available. For more information refer to Adviser remuneration/fees. 3 Performance fees may also apply (refer to the Performance fees section). Investment fees include an estimate of the cost of any applicable performance fee, but the actual value may vary. Speak to your financial adviser for the most up-to-date investment fees for your investment option. 4 The Cash Account Administrator is BT Portfolio Services Limited ABN (BTPS). BTPS is a related body corporate of Asgard and BTFM. 5 The declared interest rate may change from time to time but will be greater than 0%. For the current interest rate declared on your Cash Account, speak with your financial adviser or our Contact Centre. 6 You may also consent to us paying additional amounts to your financial adviser on your behalf for financial advice or other related services provided to you about this product. These adviser fees are negotiable. Refer to the Ongoing adviser fee and One-off adviser fee sections under the heading Adviser remuneration/fees. 7 While there are no fees associated with switching, a cost associated with the buy/sell differential may apply. For further information on the costs charged by investment managers when managed investments are bought and sold, refer to the Buy/sell differential section on page 33. Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement 3

4 On page 32, replace fee example with the following: Example: Balanced investment option 1 Balance of $50,000 with total contribution of $5,000 during year 2 Adviser fee Contributions 0% 5.5% 3 For every $5,000 you put in you will be charged between $0 and $275 PLUS management cost EQUALS cost of account 0.80% 4,5 And, for the first $50,000 you have in your account you will be charged $400 each year. If you put in $5,000 during a year and your balance was $50,000, then for that year you will be charged fees from: $400 to $675 4,5,6 What it costs you will depend on the investment options you choose and any fees you negotiated with your financial adviser 1 As at 3 June 2013, this is the Advance Balanced Multi-Blend Fund on an account with Core features only. The investment fee for the Advance Balanced Multi-Blend Fund is 0.50% p.a. after investment fee rebates. 2 The contribution of $5,000 is assumed to be deposited to your account at the end of the year. As additional contributions cannot be made to pension accounts, the additional contribution of $5,000 does not apply to pension accounts. However, a contribution fee may apply on your initial and only contribution to a pension account. 3 This amount is inclusive of GST. The actual amount charged will be net of RITC, and will depend on the level of RITC available. Refer to Adviser remuneration/fees under Additional explanation of fees and other costs in this section for further information. 4 Management costs include the administration fee (based on Core features only), Cash Account fee and investment fees (includes investment fee rebates), however this example does not take into account an estimate for the Cash Account fee. 5 The Cash Account fee is dependent on the balance held in your Cash Account and the actual fee charged by the Cash Account Administrator. For example, if you held $4,000 throughout the year in your Cash Account and the Cash Account fee is assumed to be an average of 1% p.a., then the Cash Account fee will amount to $40 p.a. This example is illustrative only. 6 Additional fees may apply as this example does not take into account all the fees and costs that may apply to your account eg. (a) adviser fees and (b) transaction costs (i.e. buy/sell spread and brokerage). (a) The adviser fee is negotiated between you and your financial adviser. (b) The actual transaction costs incurred are dependent on the managed investments and shares you decide to transact in. On pages 32 to 33, replace the Adviser remuneration section, except for the Cash Account, Share brokerage, Share trade service fee and Buy/sell differential sub-sections with the following: Adviser remuneration/fees Our fee structure provides you and your financial adviser with flexibility when determining the fee they receive for the financial advice and related services they provide to you in relation to your account. The following optional fees are available for you to select the most appropriate remuneration arrangement with your financial adviser: Adviser fee Contributions Ongoing adviser fee and One-off adviser fee. You may agree to one or more of these options. The amounts you specify will be GST inclusive, but will not take into account any RITC that may be claimed. Where applicable, the actual amounts that will be deducted from your Cash Account will be adjusted for RITC that is claimed in respect of these fees, and may therefore be less than the amounts you specify on the relevant form. Fees in this section are shown inclusive of GST (but not net of RITC). The payment of fees that you agree to pay to your financial adviser in relation to financial product advice or related services that you receive will, subject to our duties as trustee, be facilitated by us in accordance with your directions. Generally, when you consent to us paying these agreed fees to your financial adviser, we will deduct those amounts in the same way (and on the same basis under the Trust Deed) used to deduct the fees you pay to us for administering your account. Please note that all of the adviser fees are deducted by us and then paid to your financial adviser, or to your financial adviser s dealer group on behalf of your financial adviser. However, we will not deduct any amounts in relation to adviser fees unless you agree, and we do not retain any portion of these adviser fees for our own benefit. Opting-out from advice You may at any time opt-out of receiving financial advice or related services from your financial adviser and paying your financial adviser ongoing fees by notifying us. We encourage you to talk to your financial adviser first before requesting to change the fees applying to your account. We reserve the right to cease paying to your financial adviser any adviser fees on your behalf on receipt of a written request from either of you or your financial adviser. If you opt-out of the ongoing adviser fees paid to your financial adviser, we will generally reduce or cease paying the ongoing adviser fees from the beginning of the month in which your request is processed by us. For the Adviser fee Contributions, we will generally cease paying this from the date in which your request is processed by us. However, if you have instructed us to cease paying adviser fees without terminating or optingout of an ongoing fee arrangement with your financial adviser, then you may still be personally liable to pay the adviser fees as agreed under that arrangement. For information on disclosure of your financial adviser s remuneration, refer to the Disclosure of fees and costs received by your financial adviser section below. Adviser fee Contributions You and your financial adviser may agree the amount of adviser remuneration that will apply to financial advice and related services provided in relation to the initial and additional contributions into your account (whether made by you or 4 Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement

5 someone else on your behalf). It can be between nil and 5.5% (including GST). When you agree to the amount of this fee, you consent to us deducting and paying this amount from your account on your behalf at the same time as we receive each contribution. For one-off contributions, where requested, this Adviser fee Contributions can be nominated as a dollar amount at the time the contribution is made. However, the dollar amount cannot exceed a maximum of 5.5% (including GST) of the deposit. If no percentage or dollar ($) based fee is specified, the fee will be nil. Ongoing adviser fee An ongoing amount may also be paid to your financial adviser in addition to the administration fee which is payable to us on a monthly basis. The ongoing adviser fee is calculated on the basis agreed between you and your financial adviser. When you agree on an amount, or basis of calculation, you consent to us deducting and paying this amount from your account each month on your behalf. You may select from the following monthly adviser fee options: Flat dollar amount ($) select a flat dollar amount per month which can be increased annually in line with the Consumer Price Index (CPI). You can indicate the month and year in which the increase will first occur in your Application. (The monthly dollar amount will be increased by the annual CPI percentage released for the previous quarter.) Flat percentage amount (%) select a flat percentage between 0% and 11 % per annum (including GST) to apply to the value of managed investments, shares and your Cash Account balance (a different percentage can apply to each category). Sliding scale specify a tiered percentage per annum applied to the combined value of managed investments and shares (not applied to your Cash Account balance). The flat percentage and sliding scale monthly adviser fee options are calculated based on your end of month balance of managed investments, shares and/or your Cash Account, as applicable. Ongoing adviser fees are paid monthly in arrears from your Cash Account. Where your account is opened during the month, the ongoing adviser fee charged for the first month will be pro-rated based on the number of days your account was open in that month. One-off adviser fee You can agree with your financial adviser to have a one-off flat dollar fee charged to your account. If no fee is specified, the fee will be nil. The one-off adviser fee can be paid to your financial adviser in addition to the administration fee which is payable to us. When agreeing on an amount, you consent to us deducting and paying this amount from your account on your behalf. The one-off fee can be charged on an ad-hoc basis but is limited to being charged once a month. It is deducted from your Cash Account in arrears (at the beginning of the month) or, if applicable, at the time your account is closed. Platform payments For accounts opened prior to 1 July 2014, we may pay to your financial adviser, your financial adviser s dealer group or an appropriate licensed related body corporate of their dealer group up to 100% of the fees/other payments we receive. We pay these amounts out of our own funds and they are not additional costs to you. Disclosure of fees and costs received by your financial adviser Your financial adviser must disclose to you any benefits they receive in relation to your investment, including all fees and costs that you have negotiated with them. See your financial adviser s Financial Services Guide and/or Statement of Advice for further information on these benefits. If an ongoing fee arrangement exists between you and your financial adviser, your financial adviser will also be required to give you a Fee Disclosure Statement on an annual basis. It is your and your financial adviser s responsibility to notify us to cease payment of adviser remuneration/fees in the event that the ongoing fee arrangement is either terminated or is not renewed. Fee aggregation Where you hold more than one Infinity ewrap Super/Pension account (and Asgard ewrap Super/Pension account), we ll automatically link these accounts and apply proportionately each of the administration fee scales that are relevant to the aggregated value of managed investments* and shares held through these accounts. The administration fee that the linking of accounts generates is then compared to the sum of the administration fee payable on each of the individual accounts to determine whether any discount arises from the fee aggregation. The discount (if any) is apportioned across the linked accounts based on the value of managed investments* and shares held through each account. This is another way we help you lower the cost of managing your investments. To be eligible for aggregation, the accounts must be registered under the same surname, date of birth, financial adviser and adviser code. There s no limit to the number of accounts that can be linked together for the purpose of fee aggregation. * Reference to managed investments does not include term deposits for Infinity ewrap Super & Pension accounts. Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement 5

6 Investment managers Investment fee rebates We have been able to negotiate rebates on the investment fees charged by some investment managers. Any investment fee rebate will be paid in full to investors with an account open at the time the rebate is received and processed by us, which is generally quarterly. Investment fee rebates can range from 0% to 60% of the investment fees charged by the investment managers and may vary from time to time. Please note the range of investment fees referred to in the fee table shown in the PDS Part 2 List of available investment options do not take into account investment fee rebates. Investment manager service fees and other payments In addition to the investment fee rebates, we may receive remuneration, including service fees or product access payments of up to $25,000 p.a. per responsible entity (or in some cases, per fund manager) plus up to $15,000 p.a. per managed fund, and responsible entity or fund manager payments, or payments from various financial product issuers of up to 100% of the investment/ product fees, directly from investment managers, responsible entities or product issuers whose financial products are available through Infinity ewrap Super/Pension, in exchange for providing access to services and information. The amount of these payments may change from time to time. This remuneration is paid by the investment managers, responsible entities or product issuers out of their own resources and is not paid by you. We do not provide any personal information about you to these investment managers, responsible entities or product issuers. Fees payable to the Administrator We may pay a proportion of the administration fees to the Administrator as remuneration for its role as administrator and custodian of the Infinity ewrap Super/ Pension. These fees payable to the Administrator are based on the value of individual investor accounts in a manner similar to our administration fees. The Administrator may also be entitled to the reimbursement of certain expenses associated with administering Infinity ewrap Super/Pension. The fees and expenses payable to the Administrator are paid from the administration fees and do not represent an additional cost to you above and beyond the administration fees that you pay. On page 34, replace the Expense recovery section with the following: Expense recovery We are entitled to be reimbursed for expenses incurred in the administration of Infinity ewrap Super/Pension, generally, where such expenses are properly incurred, including the payment of statutory charges, licensing fees, registry costs, audit fees, government duties, the cost of reports and various other disbursements. The amount charged is the actual amount of expense incurred. These expenses may be passed on to all members in the Fund and deducted from your Cash Account at the time the expense is applied. On page 34, under the heading Insurance premium replace the last sentence with the following: Please refer to the relevant insurance PDS for further information on insurance premiums and charges. On page 34, replace the Protection of small accounts (super account only) section with the following: Protection of small super accounts Currently, we limit the amount of fees that can be deducted from your benefits if the value of your superannuation account is less than $1,000 and includes, or has included, superannuation guarantee or award contributions from your employer (small super account). We may, at our discretion, on receipt of a request from you to close your small super account, continue to refund fees charged to your account prior to its closure. However, we reserve the right to review and amend this process without providing prior notice to you. On page 34 under the heading Variation of fees and other costs, replace the second paragraph with the following: You will, to the extent required by law, receive at least 30 days written notice of any proposal to introduce new fees and other costs or to increase current fees and other costs. In the event of any change in tax laws or their interpretation, including changes which affects the rate of GST payable or the input tax credits that we may receive, the amounts deducted from your Cash Account in respect of the fees and costs applied to your account may be varied or adjusted to reflect such changes without your consent or further notice to you. We may, at our discretion, and with the consent of the Administrator, either generally or on request from you, your financial adviser or their dealer group, reduce or waive any of the fees and costs applying to your account. On page 34, replace the Service fee section with the following: Service fee We may receive a fee of up to 1.1% (including GST) per annum from Westpac (including St.George) and/ or other providers of cash products. This fee may be received on some or all of the cash products held through your account and is for the introduction of your banking business and for performing client service activities and transaction reporting. This service fee is calculated as a percentage of the daily balance of the relevant cash products. It is not an additional charge to you. We may rebate some of the service fee we receive back to you to reduce the cost of running your account. Where this occurs you will see a transaction in your account titled Cash Service Fee Rebate. 6 Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement

7 C. ENHANCEMENTS On page 12, the section Core managed investment menu is replaced with the following: Core managed investment menu There are 12 managed investments available in the Core managed investment menu. Actively Managed Diversified Funds Managed investment Investment fee (% p.a)* Index Sector Funds Managed investment Advance Cash Multi-Blend 0.22 BlackRock Indexed Australian Equity Fund 0.20 Advance Defensive Multi-Blend 0.40 BlackRock Indexed International Equity Fund 0.20 Advance Moderate Multi-Blend 0.45 BlackRock Indexed Hedged International Equity Fund 0.20 Advance Balanced Multi-Blend 0.50 BlackRock Indexed Australian Bond Fund 0.20 Advance Growth Multi-Blend 0.65 BlackRock Global Bond Index Fund 0.20 Advance High Growth Multi-Blend 0.70 BlackRock Indexed Australian Listed Property Fund 0.20 Investment fee (% p.a)* *Investment fees are shown after any investment fee rebate but do not take into account any performance fee that may become payable to the investment manager. No rebate is applicable for the Advance Cash Multi-Blend Fund. On page 20, insert the following section above the heading Your super account : Transferring managed investments and shares into your account You are able to transfer managed investments and/or shares (investments) into your new Infinity ewrap Super/Pension account or existing Infinity ewrap Super account, provided those investments: appear on our List of Available Investment Options, and are transferred from another complying superannuation fund or Self Managed Super Fund (SMSF) in the form of a rollover. We are unable to accept transfers of investments in the form of superannuation contributions and we are unable to transfer investments out of your Infinity ewrap Super/ Pension account. A request from you to transfer investments will (if and when accepted by us) result in a change in beneficial ownership and will trigger a capital gains tax event in the superannuation fund the investments are transferred from. Any capital gains/losses incurred as a result of the transfer cannot be transferred to your Infinity ewrap Super/Pension account. We are not responsible for reporting, paying or calculating any tax liability that may arise, and consequently, you should seek independent tax advice. The transferred investments will initially be consolidated in a super account (Consolidation Account) until all of the investments have been transferred and the final Rollover Benefit Statement has been received by us. During this time, the superannuation benefits will be treated as preserved, comprising entirely of taxable component. When we receive the final Rollover Benefit Statement, the entire account balance of the Consolidation Account will be transferred to your Infinity ewrap Super or Infinity ewrap Pension account (as applicable) and the benefits will be updated to reflect the correct tax and preservation components. The Consolidation Account will operate as a standard Infinity ewrap Super account, although you and your financial adviser will be unable to make withdrawals and transact on this account. 1 The fees and other costs outlined in the PDS will apply while the investments are in the Consolidation Account. Should the balance of the Cash Account in the Consolidation Account fall below the minimum required balance, we will not sell investments to top up the Cash Account. To avoid the Cash Account balance becoming negative when fees and costs are deducted, we recommend you deposit $1,000 into the Cash Account of the Consolidation Account. If the Cash Account in the Consolidation Account becomes negative at any time, we will charge interest on the negative amount at the same rate as interest paid on your positive Cash Account. If the balance of the Cash Account in the Consolidation Account is negative at the time we receive the final Rollover Benefit Statement, you will need to deposit sufficient funds to return the account balance to zero or positive before we will transfer the entire account balance of the Consolidation Account to your Infinity ewrap Super or Infinity ewrap Pension account (as applicable). You can monitor the balance of the Cash Account in the Consolidation Account by checking the account details on Investor Online. For information on how to transfer investments into your Infinity ewrap Super/Pension account, please contact us or your financial adviser. Once the investments have been transferred to your Infinity ewrap Super/Pension account, we will report on them along with the other investments in your account. 1 As the Consolidation Account operates as a standard Infinity ewrap Super account, investments to be transferred into a new Infinity ewrap Pension account will need to appear on the list of available investment options for both Infinity ewrap Super and Infinity ewrap Pension before we can process the transfer. Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement 7

8 D. CASH ACCOUNT On page 19, under the heading Your Cash Account, replace the first sentence in the second paragraph with the following: Your Cash Account will be held in interest bearing accounts with Westpac (including St.George). A portion of the balances held in the interest bearing bank accounts are invested in term deposits (with Westpac) of varying duration. Interest will be paid on your Cash Account at a declared rate and will accrue daily and be credited to your balance monthly in arrears. On page 41, insert the following after About the Trust Deed as follows: About the Cash Account Administrator BT Portfolio Services Limited (BTPS) has been appointed as cash custodian and administrator in respect of a portion of your Cash Account as is determined appropriate from time to time. BTPS provides general cash administration support and custodial services in relation to Infinity ewrap Super/Pension. These services may include the provision of settlement, reconciliation and liquidity management facilities. E. LEGISLATIVE CHANGES On page 6, the section The Government is replaced with the following: If you are eligible, the Government may make contributions into your account. These types of contributions include the Government co-contribution and the low income superannuation contribution. For further details on the Government co-contribution and the low income superannuation contribution, refer to On page 6, the section Summary of age restrictions on contribution types is replaced with the following: Summary of age restrictions on contribution types Your eligibility to contribute is based on your age and the type of contribution that you or your employer or spouse wishes to make on your behalf. The following table summarises when contributions can be made: Your situation Employer contribution Other contribution types SG and Award Salary sacrifice and voluntary Personal 1 You are under age You are aged between 65 and 69 inclusively and are: gainfully employed 2 3 NOT gainfully employed 2 3 You are aged between 70 and 74 inclusively and are 3 : gainfully employed 2 3 NOT gainfully employed You are aged 75 or older Spouse 1 If eligible, you may be able to claim a tax deduction for your personal contributions. You must complete a personal tax deduction notice and receive an acknowledgement from us before claiming personal contributions as a tax deduction in your tax return. Refer to the Tax features section of the PDS for further information. 2 Gainfully employed means employed or self-employed (for gain or reward) for at least 40 hours in a period of not more than 30 consecutive days in the financial year in which the contribution is made. 3 Other than for mandated employer contributions, the contribution must be received on or before the day that is 28 days after the end of the month in which the investor turns On page 7 under the heading Additional information for certain contributions, replace the Government co-contributions section with the following: Government co-contributions Full information regarding eligibility for the Government co-contribution or the low income superannuation contribution can be found at If you are eligible, the Government pays your co-contribution or low income superannuation contribution after: you have provided your TFN to the fund; you have lodged your income tax return*; your super fund has lodged a Member Contribution Statement for you (this is usually done after 1 July and before 31 October); and the Australian Taxation Office (ATO) has received any additional information that they require to deem you eligible to receive a co-contribution or low income superannuation contribution. Once this has been done, your co-contribution or low income superannuation contribution is generally paid into your super account within 60 days. The ATO will send you a letter confirming the details of your contribution. *You are not required to lodge your tax return in order to receive the low income superannuation contribution. Not lodging a tax return may however delay the payment of your low income superannuation contribution to your account. On page 7, the section The contribution caps is replaced with the following: The contribution caps There are limits (known as caps ) on the amounts of most contributions that can be made to your super. Contributions that exceed your contributions caps will have additional tax applied to them. The additional tax payable is determined by the below two types of contributions: Concessional contributions. Non-concessional contributions. 8 Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement

9 Concessional contributions cap Contributions assessed against your concessional contributions cap include: Employer contributions including SG, Award, voluntary and salary sacrifice contributions Personal tax deductible contributions (i.e. contributions for which a personal tax deduction is claimed). Non-concessional contributions cap Contributions assessed against your non-concessional contributions cap include: Personal contributions for which you are not claiming a tax deduction Contributions made by your spouse into your account Contributions made with proceeds from the sale of small business assets that are in excess of the CGT cap. Fund cap To help prevent a member from contributing more than the nonconcessional contributions cap, superannuation funds must not accept any single fund-capped contributions in respect of a member that exceed: if you are 64 or less on 1 July of the financial year three times the non-concessional cap; or if you are 65 but less than 75 on 1 July of the financial year the non-concessional cap. These limits are known as Fund cap. Fund-capped contributions are generally contributions by or on behalf of a member but not including employer contributions made for the member. CGT cap A contribution made from certain amounts arising from the disposal of qualifying small business assets may count against the CGT cap, provided it is a personal contribution for which no tax deduction is claimed and an ATO election form is provided at the time the contribution is made. The rules about which amounts will qualify for contribution under the CGT cap are complex. You should consult a qualified financial adviser to determine whether your contributions qualify for the CGT cap. Monitoring contributions cap amounts It is your responsibility to ensure contributions to super are within your contributions caps. The Trustee is required to reject only certain single contributions which are in excess of the Fund cap (as outlined above) but it cannot monitor your overall position. If the total of all relevant contributions made for you to all your super funds exceeds your contributions cap(s), you may have to pay excess contribution tax. For further information, refer to the Tax features section. The above caps may change from time to time. For the latest cap amounts, speak with your financial adviser or refer to for updated information. On page 8, the section Unclaimed money is replaced with the following: Unclaimed money In some circumstances, if an amount is payable to you and we are unable to ensure that you have received it, we may be obliged to pay the amount to the ATO on your behalf. In certain circumstances we may also be required to transfer to the ATO an account of a lost member. If your account balance is transferred, you will be able to reclaim it from the ATO. For further information visit or speak with your financial adviser. On page 8, under the heading Temporary residents, replace the last paragraph with the following: We are not required to notify you or give you an exit statement in the event that your benefit is transferred to the ATO. Please note that your benefits will not earn interest once transferred to the ATO. Applications to claim your benefit can be made using the ATO Departing Australia Superannuation Payment ( DASP ) online application system. To access this system and full information regarding DASP procedures and tax rates, please refer to the ATO website, On page 9, under the heading Minimum pension income, replace the second paragraph and table with the following: The below table illustrates the standard minimum pension factors that normally apply. Age Under 65 4% % % % % % 95 or more 14% Percentage of account balance Pension factors may change from time to time. Up- to-date information is available at On page 35, under the heading 1. Contributions tax ; replace the first paragraph with the following: Only some contributions and rollovers attract contributions tax generally at a rate of 15% # within Asgard. # As at the preparation date of this SPDS, the Government proposes to impose an additional 15% tax on concessional contributions for high income earners (individuals with income greater than $300, 000). The definition of income for the purposes of this measure includes concessional contributions. This is intended to apply to contributions made after 30 June These proposed changes may have an impact on the amount of tax you pay therefore we suggest that you obtain professional advice in respect of your own particular circumstances. For details of any further developments regarding this, please speak to your financial adviser, our Contact Centre on or refer to Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement 9

10 replace the last bullet point with the following: A contribution made from certain amounts arising from the disposal of qualifying small business assets may count against the CGT cap, provided it is a personal contribution for which no tax deduction is claimed and an ATO election form is provided by the time the contribution is made. Your CGT cap is a lifetime limit of $1,315,000 (for the 2013/14 financial year, indexed to AWOTE and rounded down to the nearest $5,000 in following years. AWOTE is the measure of average weekly ordinary time earnings published by the Australian Bureau of Statistics). On page 36 replace the How tax amounts due are paid pension accounts with the following: Investment earnings and capital gains in pension accounts are currently tax free. From 1 July 2014, the Government proposes to tax earnings over $100,000 p.a. at a maximum rate of 15% in the Pension Plan. Tax on rollovers, where applicable, is provisioned within your account at 15%. The provision is deducted annually or on closure of your account. Eligible clients may also receive an annual refund of tax for franking credits received on dividends or distributions. If you close your account before the end of a particular financial year, you will not receive the benefit of franking credits relating to that financial year. On page 37, under the heading Taking a cash lump sum benefit, replace the table with the following: Age Under 55 Taxable component A rate of 20% plus Medicare Levy Up to the low rate cap 1 : Nil Above the low rate cap 1 : a rate of 15% plus Medicare Levy 60 or over Tax-free Tax-free component Nil Nil Nil 1 The low rate cap is $180,000 for 2013/14. This amount will be indexed to AWOTE rounded down to the nearest $5,000 in subsequent years. F. OTHER CHANGES On pages 13 to 15, replace the tables with the following: Standard Risk Measure There is a Standard Risk Measure (SRM) band for each of the categories and sub-categories. The SRM is based on industry guidance, and allows members to compare managed investments that are expected to deliver a similar number of negative annual returns over any 20-year period. The SRMs are estimated using a model that takes into account a wide range of economic and investment factors (including expected asset class returns, volatilities and cross correlations between asset classes, amongst other things) and fees. In accordance with the FSC/ASFA Standard Risk Measure Guidance Paper (July 2011), the SRM is gross of tax (ignoring the impact of franking credits). The model then determines, for each option, the number of loss years out of 20 and the resulting SRM. The SRM is not a complete assessment of all forms of investment risk. For example, it does not detail the size of a potential negative return or the potential that a positive return may be less than a member may require to meet their objectives. Furthermore, it does not take into account the impact of administration fees and tax on the likelihood of a negative return. You should ensure you are comfortable with the risks and potential losses associated with your chosen managed investment(s). The Standard Risk Measure is general information only and does not take into account your personal financial situation or needs. You should consult your financial adviser to obtain advice that is tailored to suit your personal circumstances. Risk Band Risk Label 1 Very Low Nil Estimated number of negative annual returns over any 20 year period 2 Low 0.5 to less than 1 3 Low to medium 1 to less than 2 4 Medium 2 to less than 3 5 Medium to high 3 to less than 4 6 High 4 to less than 6 7 Very high 6 or Greater 10 Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement

11 Examples of asset classes (Refer to Investment strategy section of this table for more information about the types of assets) Who is this suitable for? Income Equity Property Cash Fixed Interest Mortgages Australian Shares International Shares Property Securities Cash Australian fixed interest International fixed interest Diversified fixed interest Very conservative or cautious investors seeking absolute security of capital, or investing for relatively short periods. Investors seeking a return higher than that available from cash, as well as an income stream. Capital losses may occur over the short term and the level of income may vary from time to time. Mortgage Funds Bank Bills Residential Mortgage-backed Securities (RMBS) and Commercial Mortgage-backed Securities (CMBS) Government bonds Investors seeking a return higher than that available from cash and a fairly regular income stream. Diversified Equity Smaller Companies Socially Responsible Equity Specialist Equity Hedge Funds Investors seeking a long- term investment in a diversified portfolio of Australian shares, who are prepared to accept the prospect of capital losses in the shortterm. Global Equity Regional Equity Sector Specialist Equity Socially Responsible Equity Hedge Funds Investors seeking a long-term investment in a diversified portfolio of global share investments, who are prepared to accept the prospect of capital losses in the shortterm. Property Securities Diversified Property Investors seeking a medium to long-term investment in a diversified portfolio of listed property securities. Indicative Risk Bands Risk band 1: (very low) What are the investment objectives? To provide a secure return with a low risk of capital loss over any time period. Risk Band: 1 (Very Low) to 4 (Medium) To provide a higher return than that available from cash over the suggested investment timeframe. Risk Band: 1 (Very Low) to 4 (Medium) To provide a fairly steady income with a relatively low risk of capital loss over the suggested investment timeframe. Note: Mortgage investments involve some capital risk and the level of income may vary. Risk Band: 6 (High) to 7 (Very High) To provide a high relative return over the suggested investment timeframe. A significant proportion of the return from shares is likely to arise from changes in capital values. Returns depend on many factors, including company earnings, interest rates and the general economic outlook. A significant proportion of the return from shares is likely to arise from changes in capital values. However, short-term investments in the Australian share market are subject to considerable volatility. Risk Band: 6 (High) to 7 (Very High) To provide a high relative return over the suggested timeframe. A significant proportion of the return from shares is likely to arise from changes in capital values. Returns depend on many factors, including company earnings, global interest rates and the global economic outlook. Currency movements may significantly affect returns. Risk Band: 5 (Medium to High) to 7 (Very High) To provide a return higher than that expected from an income strategy over the suggested investment timeframe. Returns are derived from a balance of income (rental) and capital growth from the underlying properties and property securities. Returns depend on many factors property values, interest rates, the economic outlook (particularly inflation) and movements in the share market. These investments also provide access to the benefits of investment in property, offering greater liquidity than unlisted property trusts or direct property investments. Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement 11

12 Suggested timeframe for investment Income Equity Property Cash Fixed Interest Mortgages Australian Shares International Shares Property Securities 0 2 years, or more 2 3 years, or more 2 3 years, or more 5 7 years, or more 5 7 years, or more 3 5 years, or more Security over suggested timeframe High Moderate Moderate Moderate Moderate/Low (subject to currency movements) Moderate Ease of withdrawal High High (except possibly for funds with low credit investments). What are the asset allocation ranges? (minimum and maximum) Investment strategy Investments are usually spread across short term securities comprising cash deposits and government and bank-backed securities. Individual securities may have a maturity date of up to one year. The average maturity will be less than one year. Fixed term deposit options are available with investment in bank deposits locked in for up to two years. Cash 100% Fixed interest 0-40% Cash % Investments will generally comprise diversified portfolios of Australian and/ or international fixed interest securities valued regularly to reflect the underlying asset values. Values can vary as interest rates change. Specifically, the value of investments in this strategy may fall during periods when interest rates are rising. Currency movements may significantly affect returns of international fixed interest investments. Moderate to high, as the assets and liabilities of the funds are not matched. The funds offer liquidity to investors but invest in illiquid assets. Mortgages, RMBS and CMBS 0-40% Cash and fixed interest securities % Investments will generally comprise diversified portfolios of registered mortgages, securitised assets, bank bills, government bonds and cash. Note: Many trust deeds allow the manager to delay paying investors for up to 60 days if there is a need to liquidate a mortgage in order to meet a withdrawal request. High (except for Hedge Funds). Australian shares % Cash 0-25% Investments will generally comprise diversified portfolios of Australian share investments. Investments can be split broadly across all sectors in the Australian share market (that is, Diversified Equity), those focusing on smaller companies (that is, Smaller Companies), those that take ethical considerations into account (that is, Socially Responsible Equity) and those that invest in either private equity or tax advantaged assets (that is, Specialist Equity). High (except for Hedge Funds). International shares % Cash 0-20% Investments will generally comprise diversified portfolios of international share investments. Investments can be split between those investing across all world markets (that is, Global Equity), those focusing on specific regions such as South East Asia, Japan, Europe, North America or Emerging Markets (that is, Regional Equity), those focusing on specific themes such as Global technology, Global Health and Biotechnology and Global resources (that is, Sector Specialist Equity) and those that take ethical considerations into account (that is, Socially Responsible Equity). High (except for funds with an unlisted direct property component, that is, Diversified Property). Property % Cash 0-20% Investments will generally comprise diversified portfolios of listed property securities but may also include an unlisted direct property component (that is, Diversified Property). 12 Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement

13 Multi-sector Description Diversified multi-sector funds where growth assets are less than or equal to 20% of total assets. Who is it suitable for? Investors seeking a greater return than that available from cash, who are prepared to accept a small exposure to growth assets. What are the investment objectives? Suggested minimum timeframe for investment Multi-sector 20 Multi-sector 40 Multi-sector 60 Multi-sector 80 Multi-sector 100 To provide a return greater than that available from defensive assets through a small exposure to growth assets. Indicative Risk bands Risk band: 3 (low to medium) Diversified multi-sector funds where growth assets are greater than 20% but less than or equal to 40% of total assets. Investors seeking a greater return than that available from cash, who are prepared to accept a modest exposure to growth assets. To provide a return greater than that available from defensive assets through a modest exposure to growth assets. Diversified multi-sector funds where growth assets are greater than 40% but less than or equal to 60% of total assets. Investors seeking a greater return than that available from cash, who are prepared to accept a moderate exposure to growth assets. To provide a return greater than that available from defensive assets through a small exposure to growth assets. Diversified multi-sector funds where growth assets are greater than 60% but less than or equal to 80% of total assets. Investors seeking a medium- to long-term investment and moderate to high returns, who accept the possibility of a decline in capital values. To provide moderate to high returns within the context of a diversified investment portfolio. This is achieved by significant exposure to growth assets. Diversified multi-sector funds where growth assets are greater than 80% but less than or equal to 100% of total assets. Investors seeking a longterm investment with high potential returns, who accept the possibility of a decline in capital values. To provide high returns within the context of a portfolio invested primarily in Australian and international shares. This is achieved by exposure to growth assets with little or no exposure to defensive assets. 2 3 years or more 2 3 years or more 2 3 years or more 3 5 years or more 5 7 years or more Risk band: 4-5 (medium to high) Risk band: 4-6 (medium to high) Risk band: 5-6 (medium to high) Risk band: 6-7 (high to very high) What are the asset allocation ranges? (minimum and maximum) Defensive Cash, Australian fixed interest and international fixed interest: % Defensive Cash, Australian fixed interest and international fixed interest: 60 80% Defensive Cash, Australian fixed interest and international fixed interest: 40 60% Defensive Cash, Australian fixed interest and international fixed interest: 20 40% Defensive Cash, Australian fixed interest and international fixed interest: 0 20% Growth Australian shares, international shares and property: 0 20% Investment strategy Volatility in interest rates may cause the prices of fixed income investments in the strategy to move up and down, affecting the current market value of the strategy. Growth Australian shares, international shares and property: 20 40% Volatility in interest rates may cause the prices of fixed income investments in the strategy to move up and down, affecting the current market value of the strategy. Growth Australian shares, international shares and property: 40 60% It is possible that the value of the investment may rise or fall depending on the exposure to growth assets, such as shares. Also, volatility in interest rates may cause the prices of fixed income investments in the strategy to move up and down, also affecting the current market value of the strategy. Growth Australian shares, international shares and property: 60 80% Growth may be achieved through a significant exposure to shares and/or property. The market value of an investment will rise or fall depending on whether the value of the assets in the portfolio rise or fall. The market value could fall over some periods due to the volatility of prices of the underlying assets. Growth Australian shares, international shares and property: % Growth may be achieved through a significant exposure to shares and/or property. The market value of an investment will rise or fall depending on whether the value of the assets in the portfolio rise or fall. The market value could fall over some periods due to volatility of prices of the underlying assets. Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement 13

14 On page 28, replace Electronic reporting section with the following: Electronic reporting and communications Electronic notifications and updated information We may provide you with all information ( Information ) required or permitted to be given to you under the Corporations Act 2001 (Cth) ( Corporations Act ) or any other relevant law: where it is or may become permissible under the Corporations Act, via your adviser in writing or notice by or other electronic communication (including by making it available online at Investor Online) or directly: by (including s containing a hypertext link) or by other electronic communication (including documents containing a hypertext link or by making it available online at Investor Online). Please note if you are: a new member, by making an application to become a member in Infinity ewrap Super/Pension; or an existing member, by giving an investment direction or switching request, using the Regular Deposit Plan, or by you (or someone on your behalf) making further contributions, on or after the date of this PDS, you agree that Information can be provided to you in any of these ways. Important information about your investment in Infinity ewrap Super/ Pension may be sent to the address that you nominate in the Application Form. It is important that you nominate a current and active address and notify us immediately if the address provided changes. Communications You agree that we and the Administrator may give you documents and other communications by any of the methods specified below including by sending them to any address for you, your financial adviser or your representative provided by you or that we or the Administrator reasonably believes is correct. In this case, those documents and other communications are taken to be given if: online, when available posted (including a letter containing a hypertext link to one or more documents), when they would be delivered in the ordinary course of post (which we and the Administrator deems to be next business day after posting) sent by fax, on production of a transmission report sent by (including an containing a hypertext link to one or more documents), when delivered or given personally, when received. We may also provide electronically through Investor Online notices of any introduction of new fees and/or other costs, or increase in current fees or costs, affecting your account. You will also have access to the above information through your financial adviser and we may choose to send some or all of this information to you. On page 28, replace the Restrictions and delays section with the following: Portability of super benefits rollovers/transfers Ordinarily, we must transfer or rollover your benefits within 30 days of receiving all relevant information prescribed by the SIS Regulations (including all information that is necessary to process your request). However, if you hold in your account managed investment(s) and/or term deposit(s) that are illiquid/suspended or become illiquid/suspended, it may take longer than 30 days to transfer your full benefits. For more information, please also refer to Illiquid or Suspended Managed Investments in this section. We may take up to 730 days from the time we receive all the relevant information to finalise a withdrawal request involving illiquid/suspended investments, unless you have invested in a term deposit which matures beyond this time frame. Where the investments are illiquid because of withdrawal restrictions, we may take up to 30 days after the withdrawal restrictions end. The investments considered by us to be illiquid from time to time are listed in the Managed investments with extended redemption periods flyer which you can obtain from your financial adviser or by calling the Contact Centre. Existing members can also obtain a copy of the flyer by accessing Investor Online. This information is updated by us from time to time. Illiquid or Suspended Managed Investments Illiquid managed investments Generally, we consider a managed investment to be illiquid if it cannot be converted to cash in less than 30 days. A managed investment may also be illiquid if converting it to cash within 30 days would have a significant adverse impact on the value of the investment. You may invest in an illiquid managed investment or a managed investment may become illiquid after you invest. It may be illiquid, for example, because: the investment manager has imposed withdrawal restrictions on the investment or the investment is subject to market liquidity constraints. Suspended managed investments A suspension occurs when the responsible entity of a managed investment suspends the ability to make applications or withdrawals from the managed investment (and may also prevent further applications/ investments into the managed investment). There are various reasons why a responsible entity of a managed investment may suspend withdrawals (and applications if applicable) including if: 14 Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement

15 the managed investment is no longer liquid within the meaning of the Corporations Act, in which case the responsible entity is prohibited from allowing withdrawals from the managed investment unless it is in accordance with the managed investment s constitution or a withdrawal offer; the responsible entity determines that a suspension is necessary to protect the value of the assets in the managed investment from being devalued due to a large quantity of withdrawals from the managed investment; or the responsible entity determines that a suspension is otherwise necessary in complying with its obligations to act in the best interests of members as a whole. If you have automated features set up on your account (i.e. regular deposit plan, regular withdrawal and auto-rebalancing, etc) that include instructions relating to suspended managed investment(s), these automated features will not be executed in respect of the particular suspended fund. For more information on the suspended managed investments, please contact your financial adviser or call our Contact Centre. Existing members can also obtain more information on suspended managed investments by accessing Investor Online. Suspended managed investments withdrawals Withdrawals from suspended managed investments may be allowed from time to time during withdrawal windows declared by the fund manager of the suspended managed investment. We will notify your financial adviser if a fund manager notifies us of an upcoming withdrawal window for a suspended managed investment you hold. Your financial adviser will then be able to place a withdrawal request for you during the withdrawal window dates. If the total amount of withdrawal requests for the suspended managed investment exceeds the amount available for that particular managed investment, requests may be met on a pro-rata basis by the fund manager. Each withdrawal window has different conditions that will be communicated to your financial adviser. We will automatically participate in withdrawal offers on your behalf if you have requested to close your account but continue to hold a suspended managed investment within your account. Note that, unless you instruct us otherwise, all amounts received in respect of the suspended managed investment (including distributions) will be retained within your Cash Account until we are able to realise the full amount of your investment in the suspended managed investment. On page 41, insert the following section after Disclosure documents for underlying managed investments : Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) As part of the Trustee responsibility under anti-money laundering and counter-terrorism financing laws, we, the Administrator s associates or service providers to the Infinity ewrap Super/Pension may require a detailed verification of your identity. Examples of what we may ask you to produce include a copy of your passport, together with evidence of address, and date of birth. You will be required to provide certified proof of identify prior to being able to access your benefits in cash (lump sum or pension payments) or purchase a superannuation pension (called customer identification and verification requirements). We reserve the right to request whatever information we believe is necessary to verify your identity before a contribution is accepted or benefits are paid. We may refuse your application to join the Fund, and we may delay or refuse to process a transaction or benefit payment if we require further information regarding your identity, or have reasonable grounds to believe that a transaction breaches AML/ CTF laws or any sanctions. Where a transaction is refused or delayed, we are not liable for any loss as a result of complying with our obligations under the AML/CTF laws or any sanctions. We may disclose your personal information to a regulator or law enforcement agency, including the Australian Transaction Reports and Analysis Centre (AUSTRAC), where we are required to by AML/CTF law or any sanctions. On page 44, replace the first two lines with following: By completing and signing the application you: consent to BTFM and Asgard deducting and paying adviser fees to your financial adviser (or to their dealer group who will receive the payment on behalf of your financial adviser) from your account on your behalf, as remuneration for financial advice and related services that your financial adviser provides in relation to your account. Acknowledge that: AS31137_0513ex Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement 15

16 SUPER / PENSION PRODUCT DISCLOSURE STATEMENT (PDS) PART 1 GENERAL INFORMATION ISSUE DATE: 23 OCTOBER 2011 ASGARD ewrap

17 Pension) consists of two parts: You should read both PART 1 and PART 2 before making an investment decision. Asgard Capital Management Ltd ABN AFSL to persons receiving this PDS in Australia. Updating the information in this PDS This PDS is up to date as at the time of preparation. From time to time we may change or update information in this PDS that is not materially adverse to your interests (or is Online

18 hat s inside 3. How super works 5 managed investments 41 Important information confer on you any additional rights. Asgard reserves the right to change the features and time to time (Trust Deed) (which overrides any provisions in this PDS), superannuation law and the general law. position or needs. Before acting on the information, you should consider the situation or needs. Group company and one or more of its managed investments are also placed on the advisers who use our platform. The total amount of fees received will depend on all relevant circumstances and is example, if managed investment ABC is selected from a preferred supplier and that per annum on an investment of $50,000 into our platform, up to $500 per annum may Advance Asset Management Limited ABN and BT Investment from those managed investments. Product Disclosure Statement 1

19 1. s a d n nit ewrap Super/ Pension at a glance Minimum deposit Deposit methods (initial deposit) No minimum Initial Rollover Additional (Super only) Rollover Minimum additional deposit No minimum Managed investments Shares Minimum withdrawal $100 No minimum Account features Investment options Regular deposit plan Cash Account minimum balance requirement Pension account balance) Cash Managed investments Choose from three investment menus including Core, Select and Full menu (with access to more than 400 managed investments) Shares Account value Super Pension $0 to $100,000 $2,000 $4,000 Between $100,001 and $500,000 $10,000 $20,000 2 Product Disclosure Statement

20 Account features (continued) Insurance (super account Estate planning Life Protection. Salary Continuance. Binding nomination Reversionary (pension accounts only) Fees and other costs Administration fee Fee aggregation Investment manager fees Share brokerage Value of trade Brokerage $0 to $30,000 $25.00 Over $30,000 Termination fee remuneration structure rebates Nil Consolidated reporting Reporting Investor Online Contact Centre Consolidate all the transaction reporting from various investment managers and listed entities providing Annual report Investor report Continuous online access to your account details via Investor Online Call us on or send an to Registered to Pty Ltd ABN Product Disclosure Statement 3

21 2. out Asgard In nit ewrap Super/Pension n nit is a e i le ne ad inistration ser ice that can e tailored speci call or ou as our in est ent needs change. ur ore account a e suita le hen ou re ust starting out and ou can add a range o optional eatures as our in est ent strateg e ol es to eet our changing li est le needs. t gi es ou co plete e i ilit e tensi e choice and great alue as our odular pricing ensures that ou onl pa or the eatures ou use. i ersi cation is the e to sound in esting hich is h n nit Super/Pension can o er ou access to an e tensi e range o anaged in est ents a road range o shares listed on the AS and ter deposits as ell as insurance. his eans that together ith our nancial ad iser ou can e con dent that ou ha e our indi idual needs co ered to gro and protect our ealth all in one eas to access online rap account. n nit Super helps ou sa e or our retire ent as it accepts a ide range o contri ution t pes and rollo ers. An n nit Pension account pro ides ou ith ta e ecti e inco e ia e i le pension pa ents onthl uarterl or annuall su ect to li its set legislation to suit our needs. n nit also pro ides ou ith electronic access to in or ation on our account including transaction and aluation in or ation at an ti e o er the internet through Investor Online at.asgard.co.au a ing it easier or ou and our nancial adviser to anage our nancial a airs. You also have access to a range of co petitive insurance cover that can e tailored to our individual needs and hold it ithin In nit Super through the Asgard Personal Protection Pac age. 4 Product Disclosure Statement

22 . o super or s Superannuation super is a eans of accu ulating ealth for our retire ent hich is in part co pulsor. It can provide either a lu p su or a regular inco e strea once ou stop or. o encourage super savings the ederal overn ent has provided so e distinct ta advantages savings ou can invest efore ta inco e through salar sacri ce the earnings on our invest ent are concessionall ta ed ith a a i u ta rate of 1 our ene ts are ta free if received after ou turn. Choice of fund You can choose our o n super fund for andated Superannuation uarantee S contri utions if ou are eligi le under superannuation la. In nit Super accepts S contri utions hen ou no inate it as our chosen fund ith our e plo er. If ou ould li e to have our superannuation guarantee contri utions paid to our account all ou need to do is co plete the hoosing our super fund for and su it this to our e plo er. he hoosing our super fund for can e found in the application oo let. You can choose a fund at an ti e ut ou cannot a e our e plo er change our fund ore than once a ear. o pleting a hoice of und for tells our e plo er here ou ould li e future S contri utions to e sent. If ou ant to also rollover our other super fund alances ou need to co plete an In nit Super/ Pension ransfer Authorit for. consolidating all of our super into one account ou are a le to sta in control of our super reduce paper or and potentiall save on fees. Contributions Are you eligible to contribute? nder superannuation la e are una le to accept personal contri utions generall contri utions ade ou or on our ehalf other than e plo er contri utions fro ou if ou have not provided us ith our a ile u er. We are re uired to return these contri utions to ou ithin da s. Refer to section a features for infor ation on further i pacts hen ou don t suppl our. Please ensure that ou uote our on the application for. Product Disclosure Statement 5

23 Adding to your super account You can add to our In nit Super account through Contributions one deposited to our super account ou our e plo er our spouse or the overn ent. he section elo details the different t pes of contri utions caps or li its on contri utions and hen e can accept the. Rollovers ene ts ou transfer fro another super fund. Acceptable contributions he follo ing contri utions can e accepted Your employer If ou are eligi le under superannuation la ou can generall choose our o n super fund for andated Superannuation uarantee S contri utions. In nit Super accepts S contri utions hen ou no inate In nit as our Super hoice fund ith our e plo er. You a e a le to arrange salar sacri ce contri utions ith our e plo er. hese are additional e plo er contri utions ade fro our pre ta salar. oluntar and other e plo er contri utions. oluntar e plo er contri utions are those ade an e plo er that are in addition to an a ard or S re uire ents and do not affect our ta e ho e pa li e salar sacri ce contri utions. You You can personall a e the follo ing t pes of contri utions ontri utions fro our after ta inco e. In so e cases ou a e a le to clai a personal ta deduction for these contri utions. Refer to section a features in this P S for further infor ation. ontri utions ade fro certain a ounts arising fro the disposal of ualif ing s all usiness assets su ect to li its. Refer to Additional infor ation for certain contri utions in this section for further infor ation. ontri utions fro the proceeds of certain pa ents for personal in ur here eligi ilit conditions are et. he personal in ur pa ent ust e in the for of a structured settle ent an order for a personal in ur pa ent or lu p su or ers co pensation pa ent. Refer to Additional infor ation for certain contri utions in this section for further infor ation. When ou leave e plo ent our e plo er a pa ou a lu p su a ount. In li ited circu stances ou a have the option to contri ute all or part of this lu p su into a super fund. In nit accepts these a ounts hich are no n as directed ter ination pa ents. Refer to Additional infor ation for certain contri utions in this section for further infor ation. Your ene ts fro other co pl ing super funds a also e rolled over into In nit at an ti e. The Government If ou are eligi le refer to overn ent co contri utions in this section each ear the overn ent ill contri ute up to 1. for each dollar of personal after ta contri utions ou a e up to a a i u a ount of 1 per annu. Your spouse Your spouse a a e contri utions to our super as long as the contri ution is paid fro an account in the na e of our spouse or a oint account here our spouse is an account holder. Your spouse includes our hus and or ife via arriage or a person ith ho ou are in a relationship that is registered under certain state or territor la s or another person ho although not legall arried to ou lives ith ou on a genuine do estic asis in a relationship as a couple. Summary of age restrictions on contribution types Your eligi ilit to contri ute is ased on our age and the t pe of contri ution that ou or our e plo er or spouse ishes to a e on our ehalf. he follo ing ta le su arises hen contri utions can e ade Your situation Rollovers You are under age 65 You are aged between 65 and 69 Award Personal 2 Spouse 1 1 You are aged 1 1 or older further information. 6 Product Disclosure Statement

24 Additional information for certain contributions Government co-contributions o e eligi le for the overn ent co contri ution ou ust earn 1 or ore of our total inco e fro carr ing on a usiness eligi le e plo ent or oth. In addition our total inco e ust e under the co contri utions upper threshold 1 2 in 2 11/12 ou ust not e a te porar resident at an ti e during the inco e ear in hich the contri ution is ade and ou ust e under 1 ears of age at the end of that inco e ear. If ou a e a personal after ta contri ution and our total inco e is under the co contri utions lo er threshold 1 2 in 2 11/12 the overn ent ill contri ute 1. for each dollar ou contri ute up to 1 pa. he a i u co contri ution pa a le is phased out. cents for ever dollar ou earn over /12 until our total inco e reaches /12. ull infor ation regarding eligi ilit for the overn ent co contri ution can e found at.ato.gov.au. Contributions relating to CGT small business concessions You a contri ute certain proceeds fro the disposal of ualif ing s all usiness assets. enerall such a contri ution ust e ade no later than the da ou are re uired to lodge our ta return for the nancial ear in hich the event occurred or da s after the da ou received the capital proceeds hichever is later. Where the capital proceeds are received and contri uted in instal ents each instal ent is a separate contri ution hich ust e ade ithin the a ove ti efra es. You ust notif us hen the contri ution is ade that ou are electing to use the cap refer to he contri utions caps in this section for all or part of the contri ution providing a co pleted election for fro the Australian a ation f ce A. You ill need to see professional advice a out hether our contri utions ualif to e counted against the cap. Contributions from certain personal injury settlements or orders You a contri ute certain pa ents for personal in ur. he personal in ur pa ent ust e in the for of a structured settle ent an order for a personal in ur pa ent or a lu p su or ers co pensation pa ent. You ill need to see professional advice a out hether our contri utions ualif under these rules. In addition t o legall uali ed edical practitioners ust certif that ou are unli el as a result of the in ur to ever e a le to e gainfull e plo ed in a capacit for hich ou are reasona l uali ed. he contri ution ust e ade ithin da s of the pa ent eing received or the structured settle ent or order co ing into effect hichever is later. You ust notif us hen the contri ution is ade that the contri ution is eing ade under this e e ption fro the contri utions caps providing a co pleted personal in ur election for fro the A. Directed termination payments plo ent ter ination pa ents are generall not a le to e contri uted to a super fund fro 1 ul 2. ransitional arrange ents appl here ou ere entitled as at a 2 to a pa ent on ter ination of e plo ent under a ritten contract a la of the o on ealth a State a erritor another countr or a or place agree ent under the Workplace Relations Act 1996 provided that the pa ent is ade efore 1 ul he transitional provisions are availa le here the a ount of the pa ent as a le to e deter ined as at a 2. Your e plo er ill deter ine hether ou ualif under these transitional rules and ou ill have the choice to ta e the a ount in cash or contri ute it to super. If ou choose to contri ute it to super it ill e no n as a directed ter ination pa ent. The contributions caps ontri utions that e ceed our contri utions caps sho n in the t o follo ing ta les ill have additional ta applied to the. Concessional contributions cap Age on the Annual cap rounded down to the nearest $5,000 in $50,000 (not indexed) until 1 July 2012, when the cap will revert to the Bureau of Statistics). which, if enacted, would permanently set this cap for some individuals. Information on current caps is ontri utions assessed against our concessional contri utions cap include plo er contri utions including S A ard voluntar and salar sacri ce contri utions. Personal ta deducti le contri utions ie contri utions for hich a personal ta deduction is clai ed. a a le co ponent a ounts of directed ter ination pa ents in e cess of 1. Product Disclosure Statement 7

25 Non-concessional contributions cap/fund cap Less than 65 three year period $450,000 $150,000 ro 1 ul 2 1 the rustee is also re uired to transfer to the A O an account of a lost e er ith a alance of less than 2 or hich has een inactive for a period of ve ears and the trustee is satis ed that it ill never e possi le to pa an a ount to the e er. If our account alance is transferred ou ill e a le to reclai it fro the A O. ontri utions assessed against our non concessional contri utions cap include Personal contri utions for hich ou are not clai ing a ta deduction. ontri utions ade our spouse into our account. ontri utions ade ith proceeds fro the sale of s all usiness assets that are in e cess of the cap. Fund cap In addition to the e er caps descri ed a ove the rustee is generall una le to accept a single personal contri ution that e ceeds the und cap as entioned in the ta le a ove. CGT cap A contri ution ade fro certain a ounts arising fro the disposal of ualif ing s all usiness assets a count against the cap provided it is a personal contri ution for hich no ta deduction is clai ed and an A election for is provided at the ti e the contri ution is ade. he cap is a lifeti e li it of 1 2 for 2 11/12 inde ed to AW rounded do n to the nearest in follo ing ears. he rules a out hich a ounts ill ualif for contri ution under the cap are co ple. You should consult a uali ed professional nancial adviser to deter ine hether our contri utions ualif for the cap. Monitoring contributions cap amounts It is our responsi ilit to ensure contri utions to super are ithin our contri utions caps. he rustee is re uired to re ect onl certain single contri utions hich are in e cess of the und cap as outlined a ove ut it cannot onitor our overall position. If the total of all relevant contri utions ade for ou to all our super funds e ceeds our contri utions cap s ou a have to pa e cess contri utions ta. Refer to the a features section in this P S for further infor ation. he contri utions caps a change fro ti e to ti e. Please spea ith our nancial adviser or contact the A for ore infor ation. You can purchase a pension ith unrestricted non preserved one fro our Super account or rollovers of super ene ts classed as unrestricted non preserved. If ou are a ing ultiple contri utions and/or rolling over ultiple super ene ts into our Pension account In nit allo s ou to co ine ultiple contri utions into the one Pension account. Once the pension is started no further contri utions can e ade to the pension account. Preservation age Your preservation age is et een and depending on our date of irth. Your preservation age can e deter ined using the follo ing ta le. Date of birth Preservation age Before 1 July From 1 July In so e circu stances if an a ount is pa a le to ou and the rustee is una le to ensure that ou have received it the rustee a e o liged to pa the a ount to the A O on our ehalf. A te porar resident is a holder of a te porar visa under the Migration Act ro 1 April 2 if ou are or ere a te porar resident and are not an Australian citi en e ealand citi en or per anent resident or a holder of a retire ent visa Su class or 1 ou can generall onl access our preserved super ene ts if ou eco e per anentl incapacitated have a ter inal edical condition or have departed Australia per anentl and our visa has ceased or our ene ciaries a access our ene ts if ou die. You a also e a le to access our ene t if ou satis ed another condition of release under superannuation la efore 1 April 2. he Australian overn ent also re uires the rustee to pa te porar residents unclai ed super to the A O after at least si onths have passed since the later of the date a te porar resident s visa ceased to e in effect and the date a te porar resident per anentl left Australia. he A O identi es and infor s the rustee of the i pacted e ers on a t ice earl asis. Once our ene t has een transferred to the A O ou ill need to clai it directl fro the A O.ato.gov.au. If our ene t has not et een transferred to the A O ou can clai it under the Departing Australia Superannuation Pa ents DASP regi e. ull infor ation regarding DASP procedures and current ta ation rates can e found at.ato.gov.au. 8 Product Disclosure Statement

26 Pre-retirement pension A pre retire ent pension also no n as a transition to retire ent pension allo s ou to dra do n et een a ini u and a i u range of inco e each ear. u p su ithdra als are not allo ed unless ou are age or older or have et a condition of release listed in the Super account section on this page). he a i u inco e li it for the rst nancial ear is 1 of the purchase price at co ence ent and in su se uent nancial ears is 1 of the account alance each 1 ul. he a i u li it for the rst ear is not proportionatel reduced ased on the nu er of da s re aining in the nancial ear. he ini u level of inco e that ust e ta en fro our non co uta le pension each ear is calculated as descri ed in the ini u pension inco e section elo. Pension account nless ou have a pre retire ent pension the one in our account is unrestricted non preserved and can e accessed at an ti e. Your pension pa ents are funded in order) fro our 1. unrestricted non preserved ene ts 2. restricted non preserved ene ts * and. preserved ene ts. * nder superannuation la e are re uired to pa ou each ear a certain percentage of our pension account alance as a ini u pension see elo ). here is no a i u that applies other than to Pre retire ent pension on this page). Minimum pension income Your ini u inco e pa ent is calculated ased on our age using the percentages in the ta le elo. Your ini u pa ent is calculated appl ing the relevant age ased percentage for the rst nancial ear to our initial invest ent and in su se uent nancial ears to our account alance on 1 ul. he result is rounded to the nearest 1. he elo ta le illustrates the standard ini u pension factors that nor all appl and those that appl for the 2 11/12 nancial ear. Age Percentage of account balance Standard 95 or more You ill e infor ed of our ne ini u li it at the start of each nancial ear. If ou do not re uest an alteration ou ill continue to receive the sa e pa ents at the sa e fre uenc as the previous ear ad usted to satisf the overn ent li it if re uired or increased in line ith in ation if so no inated). Super account ecause super is a long ter invest ent strict rules appl around ho and hen ou can access our one. You ll onl have access to our super hen ou reach age resign fro our e plo er on or after age per anentl retire on or after our preservation age at least age ) start a transition to retire ent or pre retire ent) pension after ou reach preservation age at least age ) eco e per anentl incapacitated eco e te poraril incapacitated onl to allo the pa ent of inco e replace ent insurance) are diagnosed ith a ter inal edical condition die have een given a release authorit to pa e cess contri utions ta to the A O o tain approval fro the Australian Prudential Regulation Authorit on the asis of co passionate grounds as de ned in superannuation la satisf severe nancial hardship conditions had te porar residenc hich has e pired and ou ve per anentl departed Australia. efore ou a e an ithdra al re uest ou should chec an ta or social securit li itations and i plications that a appl. You can nd out ore visiting.fahcsia.gov.au ato.gov.au or spea ing ith our nancial adviser. enerall ou can transfer our super account alance at an ti e to another co pl ing and regulated super fund su ect to so e conditions refer to Restrictions and dela s on page 2 ). Product Disclosure Statement 9

27 . our invest ent options you have access to managed investments and shares. By diversifying your investments and investing for an appropriate associated with super. Investment options About managed investments anaged invest ents also no n as anaged funds) give ou access to the invest ent e pertise of professional invest ent tea s. Your one is pooled ith that of other investors to ena le ou to invest in a roader range of assets. You have access to hundreds of ell researched anaged invest ents hich ould not nor all e availa le to ou if ou ere investing on our o n. You can choose to invest in a anaged invest ent that concentrates on one particular asset class or structure our anaged invest ents so that ou invest in a co ination of asset t pes. he diversi cation ou achieve investing in a nu er of anaged invest ents reduces the ris to our portfolio ecause ou are not reliant on the perfor ance of one particular asset or asset class. About shares Shares are generall ought and sold on a stoc e change through a ro er and our holdings of Australian and/ or international shares represent part o nership of a co pan. he returns fro shares a include capital gro th or loss and depending on the share inco e through dividends. Share invest ents ill generall offer the potential for the highest returns of all asset sectors over the ediu to long ter. o ever share invest ents also e hi it the highest uctuations in values in the short ter. he return achieved ill e in uenced factors such as co pan perfor ance and earnings interest rates and the general econo ic outloo. About term deposits er deposits provide a ed interest rate. his eans that ou are protected fro an decreases in interest rates during the ter of our invest ent. o ever ou a not e a le to ta e advantage of interest rate increases should the interest rates rise during the ter of our invest ent. er deposits in hich ou invest through our account are pooled ter deposits and therefore cannot e ithdra n ter inated or sold prior to aturit. 10 Product Disclosure Statement

28 Investment risk and return All invest ents are su ect to ris and their value ill uctuate due to the perfor ance of nancial ar ets and the activities of the invest ent anager ou invest ith. Invest ent returns a also e in uenced a variet of other factors oth on a local and glo al scale including econo ic conditions interest rate ove ents e change rates govern ent polic and technological and environ ental factors. Your return fro a anaged invest ent is easured its change in capital value over ti e and the inco e distri utions ou receive. So eti es anaged invest ents a not generate an inco e and capital losses can occur. here are t o road categories of invest ents. ro th assets such as shares and propert generall have the potential to earn higher returns co pared ith defensive assets li e cash ed interest and ortgages ut can carr higher ris over the short ter. Defensive assets provide a lo er pro a ilit of capital loss ut generall earn a lo er return. diversif ing our invest ents and investing for an appropriate ti efra e ou a reduce ris. High Relative return Low Low Cash Fixed Interest Property Relative risk Shares High Managing risk We ta e usiness ris s seriousl and have procedures in place to ensure our s ste s and processes or effectivel. How to decide which efore investing ou need to carefull consider ho uch of our one ou are prepared to ris in order to receive potential gains. Your nancial adviser ill help ou choose the right invest ent strateg to atch our tolerance to ris invest ent goals and ti efra e. It is reco ended that ou regularl revie our invest ent strateg ith our nancial adviser to acco odate changes in our circu stances or ar et conditions over ti e. efore ou a e an decision in relation to our invest ents ou ust receive a cop of the PDS or other disclosure docu ent for an ne underl ing anaged invest ents that contains ore detail in relation to these anaged invest ents unless there is no re uire ent for such a docu ent to e provided us in paper for for e a ple the relevant infor ation a e a le to e provided to ou electronicall through Investor Online or our nancial adviser if per itted superannuation la ) or in another a. You have a right to receive these current disclosure docu ent s) free of charge fro our nancial adviser or us. As our nancial adviser if ou have an uestions a out the relevant anaged invest ents in ter s of hether the suit our nancial o ectives situation and needs including a out fees and ris /return) efore deciding to invest. Understanding asset classes hoose fro an e tensive range of anaged invest ents including invest ents fro the different asset classes of cash ed interest shares and propert as ell as ulti sector diversi ed) funds anaged so e of Australia s leading invest ent anagers. urther infor ation on the various asset classes can e found in in this section under ategories. he anaged invest ents availa le through our account invest in one or ore of the follo ing asset classes Cash Fixed Interest Mortgages Income he PDS PAR 2 gives details of the availa le anaged invest ents hich tend to invest e clusivel or al ost e clusivel ) in one of these asset classes. he are grouped into the follo ing three specialist categories Inco e uit and Propert. In addition there are ulti sector anaged invest ents availa le hich invest across a range of asset classes. You have the option to invest in anaged invest ents fro each categor in order to create a diversi ed portfolio. ach categor offers a choice of anaged invest ents fro an of Australia s leading invest ent anagers. If ou ould li e to no ore a out the features of a speci c anaged invest ent consult our nancial adviser and the relevant PDS hich is accessi le through Investor Online. Or ou can o tain a cop of these disclosure docu ents ithout charge and on re uest fro our nancial adviser or us. In nit Super/Pension gives ou access to anaged invest ents ter deposits and a road range of shares listed on the AS plus a co petitive rate for cash and the e i ilit to change and i our invest ents as our needs change. here is no default invest ent option in In nit Super/Pension. If no invest ent option is no inated in the application process all funds ill re ain in our ash Account until our nancial adviser sends an instruction as to here the funds are to e invested. he PDS PAR 2 can e o tained fro our nancial adviser or the ontact Centre. Managed investment menus You have a choice et een three different anaged invest ent enus 1. Core availa le as part of the Core account. 2. Select ith additional choice across a e i le range of anaged invest ents.. ull provides access to all of the availa le anaged invest ents. Australian Shares International Shares Property Securities Property Product Disclosure Statement 11

29 Core managed investment menu here are 11 anaged invest ents availa le in the Core anaged invest ent enu. Managed investment Investment fee (%pa)* Managed investment Investment fee (%pa)* Advance Defensive Multi-Blend Advance Moderate Multi-Blend Advance Balanced Multi-Blend Select managed investment menu Where ou upgrade to the Select enu ou ill have access to a roader range of anaged invest ents as ell as those funds found in the Core enu. Full managed investment menu he ull invest ent enu provides ou ith access to all of the availa le anaged invest ents on In nit ewrap Super/Pension hich currentl offers over anaged invest ents. Your nancial adviser can provide ou ith a cop of the PDS PAR 2 hich provides details a out the anaged invest ents ou have access to through In nit Super/Pension. With In nit Super/Pension ou are a le to change and i our anaged invest ents at an ti e uic l and easil as our needs or invest ent ar ets change ithout incurring our fees. With our nancial adviser ou choose hich anaged invest ents and shares to u and sell and our nancial adviser places our invest ent instructions online. Changes to our account a not e i ple ented in certain circu stances such as here e are not reasona l satis ed that ou have een given or here per itted superannuation la have access to) a cop of the current PDS or other disclosure docu ent for the relevant anaged invest ent hich is not defective or ateriall adverse. Consequences of changing he sale of so e or all of our anaged invest ents or shares in our In nit Super account a result in a capital gain or capital loss that ill affect the a ount of ta paid on our account. You a also e charged transaction costs no n as u /sell differentials the invest ent anager refer to u / sell differential on page for ore infor ation). How we select managed investments We ta e into consideration the ualit of the invest ent anagers usiness sta ilit of their invest ent tea past perfor ance and their invest ent anage ent process efore selecting invest ent options. We do not ta e into account la our standards or environ ental social or ethical considerations in the selection retention or realisation of invest ents. o ever the various listed entities in hich ou can invest and the invest ent anagers of the anaged invest ents availa le a have their o n polic on the e tent to hich la our standards or environ ental social or ethical considerations are ta en into account hen a ing invest ent decisions. or an anaged invest ents availa le an such policies ill e included in the PDS for these anaged invest ents. You can o tain a cop of these PDSs ithout charge and on re uest fro our nancial adviser or us. Categories he anaged invest ents e a e availa le to ou through In nit Super/Pension are categorised into the follo ing strategies to a e it easier for ou and our nancial adviser to select the invest ent that est suits our ris pro le and o ective Inco e uit Propert ulti sector or ore infor ation on these strategies/groups please refer to the follo ing ta les. 12 Product Disclosure Statement

30 Income Cash Fixed Interest Mortgages Australian Shares International Shares Property Securities Sub-categories Nil. Australian Fixed Interest. International Fixed Interest. Interest. suitable for? investment objectives? Suggested timeframe for investment suggested timeframe Return objective (relative to other investment categories) Very conservative or capital, or investing for relatively short periods. To provide a secure return loss over any time period. from cash, as well as an income stream. Capital losses may occur over the short term and the level of income may vary from time to time. To provide a higher return cash over the suggested investment timeframe. Mortgage Funds. Smaller Companies. from cash and a fairly regular income stream. To provide a fairly steady income with a relatively over the suggested investment timeframe. Note: Mortgage investments involve some of income may vary. of Australian share investments, who are prepared to accept the prospect of capital losses in the short term. To provide a high relative return over the suggested investment timeframe. Returns depend on many factors, including company earnings, interest rates and the general economic proportion of the return from changes in capital values. For investments held over the suggested term investments in the term investment in a share investments, who are prepared to accept the prospect of capital losses in the short term. To provide a high relative return over the suggested timeframe of the proportion of the return from changes in capital values. Returns depend on many factors, including interest rates and the Currency movements may For investments held over the suggested timeframe, Property Securities. Direct Property. property securities. To provide a return higher than that expected from an income strategy over the suggested investment timeframe. Returns are income (rental) and capital growth from the underlying properties and property securities. Returns depend on many factors property values, interest rates, movements in the share also provide access to the property, offering greater property trusts or direct property investments. 5 7 years, or more. 5 7 years, or more. 3 5 years, or more. Moderate. Moderate. Moderate. currency movements). Moderate. Low. Moderate. Product Disclosure Statement 13

31 Income Cash Fixed Interest Mortgages Australian Shares International Shares Property Securities Ease of withdrawal term deposits). for funds with low credit investments). Moderate to high, although the assets and are not matched. The for funds with an unlisted direct property component). asset allocation ranges? (minimum and Mortgages and securitised assets International shares Investments are usually spread across short term securities comprising cash deposits and Individual securities may have a maturity date of up to one year. The average maturity year. Fixed term deposit up to two years. Investments will generally comprise interest securities valued regularly to asset values. Values can vary as interest rates value of investments in this strategy may fall during periods when interest rates are rising. Currency movements returns of international investments. Investments will generally comprise registered mortgages, and cash. Note: Many trust deeds allow the manager to delay paying investors for up to 60 days if there is a need in order to meet a Investments will generally portfolios of Australian share investments. in the Australian share smaller companies (that is, Smaller Companies), considerations into account (that is, Socially those that invest in either advantaged assets (that is, Investments will generally portfolios of international share investments. regions such as South East Asia, Japan, Europe, North America or Emerging (that is, Sector Specialist ethical considerations into account (that is, Socially Investments will generally portfolios of listed property include an unlisted direct property component (that 14 Product Disclosure Statement

32 Multi sector Multi-sector 20 Multi-sector 40 Multi-sector 60 Multi-sector 80 Multi-sector 100 Description where growth assets are less assets. where growth assets are where growth assets are where growth assets are where growth assets are assets. suitable for? from cash, who are prepared to accept a small exposure to growth assets. cash, who are prepared to accept a modest exposure to growth assets. cash, who are prepared to accept a moderate exposure to growth assets. decline in capital values. investment with high potential returns, who accept the values. investment objectives? To provide a return higher than assets through a small exposure to growth assets. To provide a return higher than assets through a modest exposure to growth assets. To provide a return higher than assets through a small exposure to growth assets. To provide moderate to high returns within the context of a exposure to growth assets. To provide high returns within the context of a portfolio invested primarily in Australian and international shares. This growth assets with little or no exposure to defensive assets. Suggested minimum timeframe for investment 2 3 years, or more. 2 3 years, or more. 2 3 years, or more. 3 5 years, or more. 5 7 years, or more. asset allocation ranges? (minimum and Defensive Cash; Aust. Fixed Interest; Int. Aust. Shares; Int. Shares; Defensive Cash; Aust. Fixed Interest; Int. Aust. Shares; Int. Shares; Defensive Cash; Aust. Fixed Interest; Int. Aust. Shares; Int. Shares; Defensive Cash; Aust. Fixed Interest; Int. Growth Aust. Shares; Int. Shares; Defensive Cash; Aust. Fixed Interest; Int. Aust. Shares; Int. Shares; Volatility in interest rates income investments in the strategy to move up and down, value of the strategy. Volatility in interest rates income investments in the strategy to move up and down, value of the strategy. the investment may rise or fall depending on the exposure to growth assets, such as shares. Also, volatility in interest rates income investments in the strategy to move up and down, also affecting the current will rise or fall depending on whether the value of the assets in the portfolio rise or fall. The some periods due to volatility of prices of the underlying assets. will rise or fall depending on whether the value of the assets in the portfolio rise or fall. The some periods due to volatility of prices of the underlying assets. Product Disclosure Statement 15

33 How we select shares Your account allo s ou to purchase shares that are approved us that is shares that appear on the list of availa le securities. Shares hich are on the list of availa le securities are generall the AS top listed securities ar et capitalisation. If shares are re oved fro the AS top listed securities e ill not force a sell do n of these shares ho ever ou ill no longer e a le to a e an further invest ent in these shares listed outside the AS top. 16 Product Disclosure Statement

34 . o our account or s he rst step hen opening our account is to spea ith our nancial adviser ho ill help ou to co plete the Application and select our invest ents. Your nancial adviser ill su it our Application online using Adviser or the application for can e co pleted and sent to us. Instructions on ho to co plete the application for are included in the application oo let.) Your nancial adviser ill also help ou to decide hat level of authorit ou ll give the to operate our account see page 1 ) negotiate the fees the ll receive for opening and servicing our account see page 2) set up our account for share trading if ou ish to invest in shares through our account) and no inate our dividend election see page 2 ) and su it our Application. opening an In nit Super/Pension account ou agree to receive ongoing co unications fro us electronicall via Investor Online. See eeping ou infor ed on page 2. Once e receive our Application and set up our account e ll send ou a elco e letter to con r our account details and a PI to access Investor Online. or securit purposes e ll send our PI separatel to our elco e letter. Once e receive our initial deposit ou ll eco e an investor in In nit Super/Pension and e ll purchase shares provided our account is set up for share trading) and anaged invest ents according to an purchase instructions our nancial adviser has placed electronicall using Adviser and pa an associated fees fro our account. Your nancial adviser is integral to the operation of our account. All u s and sells of anaged invest ents and shares ust ta e place through our nancial adviser. You cannot trade directl on our account. You can onl open an In nit Super/ Pension account if ou have a nancial adviser. If ou decide to no longer use a nancial adviser our account a e closed. Giving your nancial adviser authority to send us instructions You decide hat level of authorit our nancial adviser holds for sending us instructions for our account. here are t o levels of authorit 1. Investor directed authority ou ust authorise in riting each instruction transaction or account a end ent) efore our nancial adviser electronicall su its it to us. Product Disclosure Statement 17

35 2. Authority to operate allo s our nancial adviser to electronicall su it invest ent instructions to us and a end our account details on our ehalf ithout prior authorisation fro ou. nless e advise ou other ise the authorit to operate allo s our nancial adviser to su it all instructions on our ehalf e cept instructions to change the na e of our account to transfer funds out of our Cash Account to fund a pa ent re uest to change our no inated an account in relation to an other atters outlined in this PDS that a re uire our personal instructions or to transfer our account fro super to pension If ou change our nancial adviser or cancel our nancial adviser s authorit to operate ou ust tell us i ediatel. If ou change our nancial adviser and do not infor us e ill to continue to act on the authorit to operate ou granted to our previous nancial adviser. he Cash Account is the hu of our In nit Super/Pension account and it allo s our nancial adviser to easil transfer one into our invest ents hether the are shares anaged invest ents or ter deposits. his connection et een our Cash Account and our invest ent options a es it eas for ou and our nancial adviser to uic l respond to changes in the ar et or our invest ent needs. o In nity Super/Pension orks deposits of investments investments Core features A nu er of e features provide a solid foundation on hich ou can gro our ealth including Your Cash Account. Access to a Core enu of anaged invest ents hich includes a range of activel anaged diversi ed funds as ell as lo cost inde options across various asset classes. Access to our account 2 hours a da seven da s a ee through Core features Core managed funds menu You including cash managed investments and listed securities withdrawals fees and other costs Investor Online our eas to use secure e site availa le through.asgard.co.au. Si ple contri ution ethods including BPAY direct de it and che ue. A range of features hich a e it eas and ef cient to anage our invest ent portfolio to ensure it al a s aligns ith our invest ent strateg including auto re alancing and the a ilit to choose the priorit order for our sell instructions or inco e pa ents fro our pension account. Optional features add any or all of these features Cash options Term deposits Managed fund menus Select menu or Full menu ecash account Equities holding options Custodial shares Insurance Asgard Personal Protection Plan (only for superannuation) 18 Product Disclosure Statement

36 Optional features Your Core In nit Super/Pension account features provide ou ith a cost effective a to eet our asic invest ent needs. o ever as our needs change ou can easil access optional features such as share trading capa ilit and ore sophisticated anaged invest ents. If ou and our nancial adviser decide ou no longer re uire these features to eet our nancial goals ou can re ove the easil at an ti e. In consultation ith our nancial adviser ou can add the follo ing optional features to our account including Managed investments Share trading Term deposits Insurance additional menu options which provide greater investment choice and access to managed investments at wholesale prices: an expanded investment menu of approximately 70 managed investments across various investment styles and asset sectors, or access to over 400 managed investments covering a wide variety of investment managers and access menus. Access to term deposits with competitive rates across a variety of terms with different interest options. Life Protection Total & Permanent Disablement (TPD) Your Cash Account When ou open an In nit Super/ Pension account a Cash Account is also esta lished for ou. Your Cash Account is part of an interest earing an account held us ith St. eorge and/or Westpac. It is the central co ponent of our account. he diagra sho s ho our Cash Account is used to settle all invest ent instructions purchases and sales of anaged invest ents and shares). We ll also pa inco e distri utions fro anaged invest ents and dividends fro our shares directl into our Cash Account. All fees govern ent charges insurance pre iu s and charges ta es and pension pa ents if applica le) are paid fro our Cash Account. In nity Super/Pension account Deposits Cash Account Managed Investments Shares All a ounts credited to our Cash Account ill re ain in our Cash Account until e receive invest ent instructions fro our nancial adviser or until e deduct fees and other costs or unless ou have elected to auto aticall invest e cess cash see page 2 ) or unless ou have through our nancial adviser elected to auto re alance our account to a te plate see page 2 ). Maintaining a minimum balance in your Cash Account You ust aintain a ini u alance in our Cash Account to pa for transactions such as insurance pre iu s pension pa ents and fees and other costs. You can onitor our Cash Account alance regularl chec ing the details of our account on Investor Online. account value* Minimum balance required in super Cash Account Minimum balance required in pension Cash Account $2,000 $4,000 $10,000 $20,000 Product Disclosure Statement 19

37 When e a e so e pa ents fro our Cash Account such as ta pa ents) our Cash Account alance a eco e negative for short periods of ti e. See egative cash alance on this page. When our Cash Account alance is close to or less than the ini u ou a ish to deposit additional funds into our account. You can also instruct our nancial adviser to sell speci c anaged invest ents or shares. he sale proceeds ill e paid into our Cash Account. If ou do not top up our Cash Account alance e a sell anaged invest ents in our account using the Priorit or Default Sell ethod detailed elo. Priority Sell method You can no inate a standing Priorit Sell instruction on our anaged invest ents specif ing the order in hich our anaged invest ents ill auto aticall e sold. ohn s In nit Super account value is and the alance in his Cash Account is nil elo the re uired 2 ini u ). ohn has instructed us to sell anaged Invest ent A follo ed anaged Invest ent until the ini u re uired alance in the Cash Account is achieved. anaged Invest ent A has a value of and anaged Invest ent has a value of 1. o restore the Cash Account alance e ill sell all of anaged Invest ent A ) and so e of anaged Invest ent ). Default Sell method We use the Default Sell ethod if e have not received an Priorit Sell instructions fro ou or if the net value of anaged invest ents ou no inated under the Priorit Sell instruction are insuf cient). nder the Default Sell ethod e ill endeavour to sell our anaged invest ents in proportion to their esti ated current value su ect to price and ar et changes that a occur during the selling process. If e have sold all our anaged invest ents and our Cash Account alance is still less than the re uired level e a sell do n our shares starting ith our shareholding of the highest value to the re uired a ount. he alance in Paula s Cash Account is elo the re uired ini u. of her account value is in anaged Invest ent A and 2 in anaged Invest ent. here is no Priorit Sell instruction in place. sing the Default Sell ethod e ill restore Paula s Cash Account alance selling fro each anaged invest ent proportionatel anaged Invest ent A of anaged Invest ent 2 of 1 Total: $8,000 Your super account Automatically invest excess cash o help ou anage our Cash Account alance ou and our nancial adviser can select a ini u and/ or a i u target Cash Account alance. You can select either a dollar or a percentage value of our portfolio. he auto atic cash anage ent process is run onthl. If our Cash Account alance e ceeds our speci ed a i u e ill auto aticall invest the additional alance according to our instructions. Auto atic cash anage ent can onl e esta lished and aintained on Adviser our nancial adviser. Negative cash balance If our Cash Account goes negative at an ti e e charge interest on the negative a ount at the sa e rate as interest paid on our positive cash alance. We ll then sell anaged invest ents fro our account using one of the ethods descri ed a ove) to top up our cash alance to the ini u alance re uired and recoup the interest charged. o a e a contri ution into our super account ou ust eet certain conditions. he contri ution acceptance rules are outlined in o super or s on page. Type of deposit Contribution Rollover How it can be made Customer Reference Receipt of payments directly from the ATO (for example, government 20 Product Disclosure Statement

38 Regular deposit plan If ou ant a ore disciplined approach to saving for our retire ent and provided ou are eligi le ou can set up a regular deposit plan and a e regular pa ents direct de it fro our an account. Your nancial adviser can esta lish and anage this for ou online. With the regular deposit plan ou choose ho uch ou ant to invest the fre uenc of our deposits onthl uarterl half earl or annuall ) and the duration of our plan. You can vie the details of our regular deposit plan on the account details screen on Investor Online. Where funds are not availa le for our regular deposit plan and e have ought anaged invest ents on our ehalf e ill reverse these transactions ithin a reasona le a ount of ti e. his a result in a u /sell differential that a negativel affect our account alance. We ill not e held lia le for transactions that occur in these instances. Using BPAY BPAY is an electronic funds transfer pa ent ethod initiated ou fro our an account to our In nit Super account. using the convenience of Phone or Internet an ing BPAY allo s for the transfer of funds to our In nit Super account. When ou receive noti cation that our account has een opened ou ll e provided ith our uni ue BPAY Reference u er e use this to identif our account hen ou a e a deposit via BPAY. You can also nd this infor ation on Investor Online via the Account Details screen or our nancial adviser can provide ou ith the nu er. he iller Codes for a ing a contri ution to our In nit Super account via BPAY var depending on the t pe of contri ution ou are a ing Personal deducted Personal undeducted Biller Code Superannuation guarantee deposit, for the managed investments in your account and agree to receive PDSs (including information electronically via Investor Online Investor Online. Dail BPAY transfer li its are enforced all nancial institutions. You ll need to chec ith our nancial institution to o tain the dail transaction li it for our an account. Cheque Che ues should e ade pa a le to In nit Super Account a e of investor) and crossed ot negotia le. Che ues should e acco panied either a ne Application or a Contri ution Re ittance Advice for and e sent to us. Depositing a rollover o deposit a rollover ou can arrange for our rollover che ue and docu entation to e sent to us co plete the ransfer Authorit in the application oo let or no inate to transfer part or all of our e isting In nit Super/Pension account alance. See page to con r ou are eligi le to a e a contri ution. Contribution limits It is i portant to re e er that there are li its on the a ounts super funds can accept for personal contri utions and e are re uired to re ect an contri utions that e ceed the applica le li it ased on our age. or infor ation a out these li its please refer to page 7. Contributions splitting You are a le to split super contri utions ith our spouse as allo ed under superannuation la. Your nancial adviser can discuss hether contri utions splitting ill eet our needs. ull details a out ho to split contri utions ith our spouse are availa le on the Super Contri utions Splitting application for hich is availa le fro our nancial adviser. he rustee does not currentl charge a fee for processing a Contri utions Splitting application ut reserves the right to charge a fee for this service in the future. Your Pension account enerall ou can onl deposit a single rollover to our pension account to co ence our pension. If ou have ultiple super accounts and/or ou have other super savings ith another fund and ou onl ant to receive a single pension ou ll need to a e sure ou aggregate co ine) all our super funds and an other one ou ant to pa in) into a single super fund to ena le the transfer of a single rollover to our pension account. Contact our nancial adviser for further details. Type of deposit How it can be made Contribution (prior to commencing the pension account) Rollover sent to us Product Disclosure Statement 21

39 Transferring from super or pension to pension When ou transfer fro our In nit Super account or In nit Pension account to a ne In nit Pension account generall e can transfer our super invest ents ithout selling the hich eans there is no disposal for capital gains ta purposes super onl ) and no charges associated ith u ing and selling invest ents. he options for transferring fro an e isting In nit Super account or In nit Pension account to a ne In nit Pension account are sho n in the ta le elo. Aggregating rollovers and contributions You can use our super account to aggregate ultiple rollovers and contri utions see page to con r ou are eligi le to a e a contri ution) prior to opening our pension account. o give ou ti e to co plete the aggregation ou can dela our pension start date up to three onths. We ll hold all rollovers and contri utions in our Cash Account and then transfer the co ined funds as a single rollover to our pension account on the no inated pension start date. If ou are using a super account to aggregate pre ul 1 pensions and/or annuities please note this ill result in a loss of their ta status. We reco end ou consult closel ith our nancial adviser hen proposing to roll over pre ul 1 pensions. Our standard fees and other costs ill appl hile the rollovers and contri utions are eing aggregated in the super account. Full asset transfer Partial asset transfer pension has started Amounts under $500 If e receive a rollover fro another super provider ithout an instructions fro ou and the credit a ount is less than or such other a ount as e a deter ine fro ti e to ti e) ou authorise us to return it to the super fund that paid it. You ill need to contact the other super fund a out accessing this one. If invest ent inco e or other a ounts including an ta credits) of less than are credited to our super account after it has een closed and the alance transferred to our pension account ou authorise us to pa it to ou unless our account as transferred to a pre retire ent pension in hich case e ill see further instructions fro our nancial adviser). can do this for you on AdviserNET. Transfer part of your super or pension account to a single pension can nominate a dollar amount or an entire holding in a managed cannot transfer part of your shares. Amounts over $500 If ou have rollovers and credits over or such other a ount as e a deter ine fro ti e to ti e) ou authorise us to ta e instructions fro our nancial adviser. here are three options for these a ounts We pa the credit a ount to ou unless our account as transferred to a pre retire ent pension in hich case funds can e deposited into our super account). We transfer the credit a ount to another pension account hich eans ou ill receive ore than one pension. We follo the single pension co utation process so that ou can receive a single pension. his involves 1. ransferring our pension account alance ithout selling invest ents) to a ne pension account. 2. Adding an other one either rollovers or contri utions) to the ne pension account on the sa e da as the transfer. If the additional one is a contri ution hich ou are eligi le to a e e ill have aggregated the funds in our super account rst.. Co encing a ne pension account. If e need to open a ne super account and/or a ne pension account for ou ou authorise us if the la per its) to use the application for our e isting pension account. Our standard fees and charges ill appl to the super account opened for ou. Your nancial adviser can reco end the est option for our circu stances. Pension pa ents fro our pension account ill e funded fro our Cash Account. If there s not enough one in our Cash Account e ll sell our anaged invest ents using either the Priorit Sell ethod if instructions e ist or Default Sell ethod see page 2 ). If e need to sell ore than of an asset to eet a pension pa ent e ll sell the entire asset. When our pension starts e calculate our pension ini u for that ear on a pro rata asis. If our pension co ences et een 1 une and une ou a not receive a pension pa ent for that ear. Other ise our pension ini u is calculated on the rst da of each nancial ear 1 ul ). We ll rite to ou each ear to infor ou of our pension ini u or ou can chec it on the pension details screen on Investor Online. Your nancial adviser can also tell ou hat our li it ill e. You can ad ust the a ount of our pa ents at an ti e. o do this si pl contact our nancial adviser. Pension pa ents are su ect to different inco e ta rates depending on our circu stances. or ore infor ation see section 7 a features in this PDS or spea to our nancial adviser. 22 Product Disclosure Statement

40 Choose your payment period We ll pa our pension directl into our an account on or around the 2 th of the onth. You can choose to receive our pension pa ents onthl uarterl in arch une Septe er and Dece er or annuall in une. You can change the fre uenc of our pension pa ents at an ti e si pl contact our nancial adviser. Managed investments and shares In nit Super/Pension allo s ou to invest in oth anaged invest ents and shares. his section includes infor ation on the anaged invest ent and share functionalities ou have access to via our account. Managed investments Buying managed investments We can onl accept invest ent instructions su itted to us electronicall our nancial adviser. Your invest ent instructions ill generall e placed ith the invest ent anager on the follo ing usiness da a ee da on hich an s and the AS are open for usiness in S dne ). he ini u u a ount is 1 per anaged invest ent each ti e a u instruction is su itted. his applies to oth one off u s and regular u s. he PDS PAR 2 is availa le fro our nancial adviser or the Contact Centre. efore ou instruct our nancial adviser to su it an instruction to u anaged invest ents ou ust receive a PDS for the anaged invest ents ou re purchasing. hese are availa le fro our nancial adviser or e isting investors can access the through the PDS lin on Investor Online availa le through.asgard.co.au. If ou instruct us to u a anaged invest ent and there s a pending transaction in place such as a previous purchase or sale re uest) e on t place the invest ent instruction ith the invest ent anager until the pending transaction has cleared. What happens if there are insuf cient funds in your Cash Account? We can t process our invest ent instructions if there are insuf cient funds in our Cash Account. In that event e ll chec the alance in our Cash Account each da until the e pir date set for the u instruction. he e pir date for our anaged invest ent instructions ill auto aticall default to 2 da s it can e decreased to a ini u of ero da s or increased to a a i u of da s our nancial adviser). If suf cient funds eco e availa le efore an e pir date e ll auto aticall place our u instructions ith the invest ent anager s). We record instructions to u anaged invest ents in date order. Where ou ve a nu er of outstanding instructions e ll process the in the order of the oldest transaction rst and then descending a ount order as suf cient cash eco es availa le in our Cash Account hich eans the a not necessaril e processed in the order in hich the ere placed. Regular buy Your nancial adviser can arrange a regular u of a dollar a ount of one or ore anaged invest ents held through our account. We ll fund regular u s through our Cash Account. Your nancial adviser ill help ou no inate the a ount start date fre uenc and optional end date. he regular u instruction ill e initiated on the no inated date or the follo ing usiness da if the no inated date falls on a non usiness da ). If there are insuf cient funds in our Cash Account at the ti e the regular u is to occur the regular u instruction ill fail and our nancial adviser ill e noti ed. You ll also e noti ed of a regular u instruction failure hen ou logon to Investor Online and vie the Account Actions enu. Adviser ill initiate the regular u instruction again on the ne t no inated date for the original no inated a ount. Your nancial adviser can a end or cancel our regular u at an ti e. When a regular u instruction is set up on our account ou ac no ledge and agree that at the ti e further invest ents are ade us on our ehalf into a anaged invest ent in hich ou alread have an invest ent ou a not have received the current PDS for the anaged invest ent or infor ation a out aterial changes and signi cant events that affect the anaged invest ent that the responsi le entit of the anaged invest ent is re uired to give a person ho ac uired an interest in the anaged invest ent directl unless e ceptions appl ). Communications from investment managers All invest ents purchased through our account are held in our na e as trustee hich eans that e receive all invest ent co unications including annual reports and nancial state ents. ecause all invest ents are held in our na e ou forgo direct voting rights and generall ill not e a le to attend investor eetings. Also inco e fro our invest ents ill e paid into our Cash Account and ou ill not have access to an distri ution reinvest ent progra s. Valuations he anaged invest ents in our account are generall valued dail invest ent anagers and e record and use for reporting and other purposes the valuations that the provide. Refer to the individual anaged invest ent PDS for details on unit pricing. he portfolio valuation screen on Investor Online sho s the ost current valuations on our account. Income distributions Inco e distri utions fro anaged invest ents ill e credited to our Cash Account. You a choose to either eep the as cash or instruct us to use distri utions fro particular anaged invest ents to u further units in those anaged invest ents. You cannot ta e part in an distri ution reinvest ent plan offered invest ent anagers. Product Disclosure Statement 23

41 Your nancial adviser can set up and change our inco e distri ution option for ou using Adviser. he account su ar and transaction details screens on Investor Online sho the su ar of the inco e distri utions ou ve een paid. How distributions affect your account After the end of the 1 Dece er 1 arch and Septe er uarters invest ent anagers generall a e a distri ution of fund inco e to investors. After the end of the nancial ear une) invest ent anagers generall a e a distri ution of oth fund inco e and capital gains to investors. his eans that follo ing the end of the uarter ou a notice a drop in the value of our anaged invest ents. he si e of the drop for each invest ent is generall related to the si e of the distri ution the anager of that anaged invest ent pa s to the unit holders. It can ho ever ta e a nu er of ee s efore e receive the distri ution and pass it on to ou. During this ti e it appears that our account has dropped in value ut this is te porar and ill e recti ed once the distri ution has een credited to our account. Selling managed investments he ini u sell a ount is 1 per anaged invest ent. If the sell a ount is or ore of the value of our entire holding in a anaged invest ent e ll sell our entire holding in that anaged invest ent and credit the proceeds to our Cash Account. Your nancial adviser su its sell instructions on Adviser. he ti e it ta es for an invest ent anager to process a sell instruction for a anaged invest ent can var. enerall sells are processed ithin seven usiness da s unless suspended for an reason. Read the individual anaged invest ent PDS for details of ithdra al restrictions. When e receive the proceeds fro the invest ent anager e ll credit those funds into our Cash Account. If ou instruct us to sell a anaged invest ent and there s a pending transaction in place such as a previous purchase or sale re uest) e on t place the invest ent instruction ith the invest ent anager until the pending transaction has cleared. Regular sell Your nancial adviser can arrange a regular sell of a dollar a ount fro one or ore anaged invest ents held through our account ever onth or uarter. Your nancial adviser ill help ou no inate the a ount start date fre uenc and optional end date. We ll initiate the sell on the no inated date or the follo ing usiness da if the no inated date falls on a non usiness da ). When e receive the proceeds fro the invest ent anager e ll credit those funds into our Cash Account. Your nancial adviser can a end or cancel our regular sell at an ti e on Adviser. Shares for share trading If ou ish to trade shares through our account ou and our nancial adviser ill need to no inate on our application or account a end ent that ou ant to trade shares through our account and a e a dividend election. Holder Identi cation Number (HIN) During the esta lish ent of our account for share trading a older Identi cation u er I ) ill e assigned to our account. Your I is uni ue to our account. You can onl have one I per account. When transferring shares fro an e isting account to a ne super or pension account a ne I ill need to e generated for the ne account. If ou currentl have a I that ou ve used ith a ro er ou cannot use this I for our account. Broker We ve appointed Australian Invest ent change i ited A SI ) as our ro er and settle ent agent for In nit Super/Pension. A SI perfor s ro er and settle ent services for Asgard. Trading shares hrough our account ou ve access to a road range of AS listed securities. We revie the range of availa le listed securities on a regular asis and listed securities a e added or re oved at an ti e. Your nancial adviser can provide ou ith an up to date list of the availa le securities. If a securit is re oved ou ill not e a le to invest additional funds into that securit ho ever ou a retain our e isting invest ent and continue participating in an dividend reinvest ent plan availa le for that securit. You can sell at an ti e. Your nancial adviser places share orders through the ro er the costs or proceeds of share trades are settled through our Cash Account. Funding share purchases You re re uired to fund share purchases including the purchase price plus an share trading fees such as ro erage. In order to fund the share purchase ou ust have at the ti e our nancial adviser places our instruction ith the ro er suf cient funds availa le in our Cash Account or suf cient pending proceeds fro unsettled share sales previousl placed through the ro er or a co ination of oth. Your nancial adviser can set an e pir date for share u s su itted ith the ro er. he e pir date can e either good for a da applica le to at ar et and at li it orders) or good until cancelled hich can e up to 2 da s applica le to at li it orders). If suf cient funds eco e availa le efore an e pir date e ll auto aticall place our u order ith the ro er. 24 Product Disclosure Statement

42 Buying shares If ou choose to purchase shares ou should e co forta le doing so and accept there a e signi cant volatilit of returns ithin our invest ent portfolio. here s no ini u u a ount for share purchases su ect to ro er li its and ar et rules. Your nancial adviser su its our u instruction through us to the ro er and the ro er ill place our order ith the AS. We ll ithdra one fro our Cash Account to settle the purchase and the ro erage. You ill e una le to purchase shares that are not approved us ie shares that don t appear on the list of availa le securities. Restrictions on shareholdings o help ini ise the ris s fro inade uate diversi cation e ve introduced li its on e posure to shares. We ll ai to ensure that at the point of purchase no ore than of the total value of our account hich includes cash held in our Cash Account) is invested in a single share. We a allo ou to invest up to of the total value of our account in certain change raded unds s). Please contact us for ore infor ation on the s availa le for investing through In nit Super/ Pension and the li its/restrictions that appl to these securities. We ll revie our account on a si onthl asis to ensure the values of our shares are ept ithin the a ove li its. If the value of a share rises a ove the li it e ll ai to notif our nancial adviser via e ail. If no ad ust ent is ade to our account follo ing our noti cation to our nancial adviser ou agree e a a e this ad ust ent ourselves and sell shares through our account to ring the value of shares ac to ithin the re uired li it. We reco end ou and our nancial adviser onitor our account on a regular asis to ensure the value of our shares sta s ithin the re uired li it. Valuations Share invest ents are generall valued dail for reporting purposes using the AS closing price data fro the previous da. Selling shares o ini u sell a ount applies to shares su ect to ro er li its and ar et rules. Your nancial adviser ill su it our sell instruction to the ro er and the ro er ill place our trade ith the ASX. he net proceeds fro the share sale ill e deposited into our Cash Account after deducting ro erage. Corporate actions Corporate actions are events that affect our shareholdings. So e corporate actions provide investors ith different options voluntar corporate actions ) so each investor can elect the option the elieve is est suited to their personal circu stances. actions can I participate in? regarding corporate actions? How do I lodge an election for a corporate action? How are corporate actions funded? How do I receive proceeds from corporate actions? Other corporate actions si pl occur andator corporate actions ) and investors have no options availa le to the ut to accept the default election as advised the share registr. a ples of corporate actions include onus issues rights issues distri utions u ac s ta eovers and call pa ents. Participating in corporate actions All listed securities are held in our na e as trustee. his eans ou on t receive an co unications relating to corporate actions fro the share registries. We ve control over all corporate actions. When a corporate action is announced e ll a e a decision hether to allo ou to participate in all so e or none of the options offered under that corporate action. If ou are not allo ed to participate in a corporate action the default option if an ) ill appl. he t pes of voluntar corporate actions e a a e availa le to ou and the a ou can participate in the are outlined in the ta le elo. allow you to participate in that corporate action through access to shareholder rights including voting and general meetings.) adviser. relevant share registry.) action default (as outlined in the relevant documentation relating to the corporate action) will apply. funds from your Cash Account upon receiving your election. election will lapse. deposited into your Cash Account. Product Disclosure Statement 25

43 Share dividends Depending on the shares ou hold ou a e a le to elect to receive dividends as either additional securities that is reinvest dividends under a Dividend Reinvest ent Plan DRP)) or to receive dividends as cash. If ou elect to receive dividends as cash an cash dividends ou receive ill e paid into our Cash Account. You can participate in DRPs ho ever this election ill e applied across all of the shares held through our account here a DRP is availa le. You cannot choose to receive dividends as cash for one shareholding hile electing to participate in a DRP for another shareholding. Where a DRP is not availa le for a share or there is a residual cash portion on our DRP the dividend ill e received as cash and deposited into our Cash Account. When su itting our dividend instruction our nancial adviser ust allo up to three usiness da s for us to for ard our instruction to the relevant share registr and generall another 1 usiness da s or longer) for the share registr to process this instruction. ailure to provide us and the share registr ith ade uate ti e to process our instruction a result in this not eing actioned in ti e for the election to appl to that particular dividend. Rebalancing your account You and our nancial adviser can re uest us to regularl re alance our portfolio according to te plates ou ve esta lished for the invest ents anaged invest ents and/or shares) held in our portfolio. his eans that regardless of each of our invest ent s perfor ance our portfolio ill e generall in line ith the invest ent strateg ou ve agreed upon ith our nancial adviser. choosing the auto re alance option our account can e re alanced uarterl on or around 1 e ruar a August and ove er) half earl on or around 1 e ruar and August) annuall on or around 1 August). You and our nancial adviser can also choose to re alance our portfolio on an ad hoc asis. Auto re alancing can onl e esta lished and aintained on Adviser our nancial adviser. Estate planning In the event of our death our death ene t ill generall e paid to one or ore of our dependants or to our legal personal representative. Your spouse relationship Types of nomination and how bene ts can be paid here are t o t pes of no inations discretionar and inding. You can change our death ene t no ination at an ti e. o inate our preferred ene ciar ies) non inding no ination) ut ulti atel leave it to our discretion to decide ho our death ene t is to e distri uted a ong our ene ciaries and/or legal personal representative if the rustee can t locate an dependants the ene t a e paid to our legal personal representative). his infor ation gives us an indication of our ishes and ill help us to e ercise our discretion. o ever it doesn t necessaril ean that the ene t ill e distri uted in this a. Married or de facto spouse (including same sex couples). your de facto spouse. interdependency relationship if: (a) they have a close personal relationship, and support, and (d) one or each of them provides the other with domestic support and personal care (other than under an employment contract or a contract for services or on they will still have an interdependency relationship. each of them provides the other with support and care of still have an interdependency relationship. A person, other than a spouse, child or person with whom dependent on you. A inding no ination inds us to a e pa ent of our death ene t according to our instructions su ect to conditions. You can no inate an eligi le dependant or our estate and e ill pa the death ene t in accordance ith our no ination. If not rene ed or revo ed a inding death ene t no ination e pires after three ears. Should our no ination e pire and ou ish to continue this for of no ination ou ill need to resu it a ne inding death ene t no ination. You can change or revo e our no ination at an ti e. his no ination ust e itnessed t o people over the age of 1 ho are not no inated ene ciaries. o a e a inding death ene t no ination please co plete the for in the application oo let. 26 Product Disclosure Statement

44 Bene ts can generally be paid as a lump sum or pension enerall a ene ciar to ho a death ene t is to e paid ill have the a ilit to choose to receive the death ene t as either a lu p su or su ect to so e restrictions) as a pension. If ou have a pension account and our death ene t no ination speci ed pa ent as a reversionar pension the ene ciar a elect to receive the death ene t as a lu p su or as a reversionar pension. When a pension account death ene t is paid to a ene ciar as a pension this pension is called a reversionar pension. o ever hile a super account death ene t can also e paid as a pension it ill not e a reversionar pension. so eone ho is not a dependant a child unless the child is under 1 ears of age or et een 1 and 2 ears of age and is nanciall dependent on ou or over 1 and has a prescri ed disa ilit. In addition here the death ene t is paid as a pension to a child the child cannot continue to receive the pension once the reach age 2 e cept here the have a prescri ed disa ilit ). At this stage the reversionar pension ill e co uted and paid as a lu p su to the ene ciar. Spouse Child under 18 Child over 25 Other dependant Lump sum or allocated pension Lump sum or allocated pension#^ Lump sum or allocated pension Lump sum or allocated pension^ Lump sum only Lump sum or allocated pension Lump sum only for the child until the child turns 18. apply to these pensions. Binding reversionary pension nomination inding reversionar pensions are not availa le for pension accounts. Changing your nomination You can change or revo e our death ene t no ination at an ti e co pleting a ne Death ene t o ination for or a inding Death ene t Con r ation/revocation for. If you don t make any nomination If ou don t no inate a ene ciar e have discretion to deter ine ho receives our ene ts in accordance ith superannuation la. Tax implications of nominations he ta conse uences of a no ination can var depending on our choice of ene ciar and hether or not ou choose a discretionar or inding no ination. You should discuss ith our nancial adviser the ta i plications of an no ination ou are considering a ing. or ore infor ation see section 7 a features or spea to our nancial adviser. Product Disclosure Statement 27

45 his ta le su arises ho e co unicate ith ou and ho ou can eep up to date ith our account. Investor Online Investor report Annual report Annual Pension Review letter and Contact Centre Electronic reporting We re progressivel increasing the range of reporting transaction and co pliance infor ation that e a e availa le to ou electronicall and ill notif ou hen e e tend the range of infor ation that e currentl provide to ou or a e availa le electronicall. When ou su it our Application ou agree to receive an co unications including an con r ation of an transaction or dealing notice of aterial changes and signi cant events and other infor ation ou a re uest) details of illi uid invest ents and docu ents including PDSs for underl ing anaged invest ents and periodic reports) hich e are re uired or per itted to give or have agreed to give to ou relating to our account via Investor Online or an other electronic eans e choose and for these purposes ou agree ou ill e ta en to have received the relevant infor ation hether or not ou access the infor ation). Access information on your account anywhere, anytime, over the Internet through Investor Online which you can access via Investor Online asset allocation, transactions, pension and insurance details and copy of these disclosure documents free of charge from your adviser magazine. of all your investments, including details of your opening and performance. the coming year. If you receive a payment while under 60 years of help you complete your income tax return. Asgard products and features, in addition to topical investment and Online. Call us on or send an to ewrapservicecentre@asgard.com.au. When you retire Once ou retire or eet another condition of release our super ene ts can e paid as either a lu p su or transferred to a pension fund. You can transfer our one directl fro the In nit Super account to a ta effective In nit Pension account ithout selling anaged invest ents. See the section ransferring fro super or pension to pension on page 22 for ore details. Withdrawals Please read this section in con unction ith o super or s on page as so e li itations appl to ithdra als. You can generall ithdra our super or pension one at an ti e provided ou eet a condition of release ith no cashing restrictions) or our ene ts are alread unrestricted non preserved. All ithdra als fro our In nit Super/Pension account are funded fro our Cash Account. he unit price ou receive for a anaged invest ent ill depend on hen the invest ent anager receives and processes the ithdra al re uest. he transaction details screens on Investor Online sho an ithdra als that have een ade fro our account. You cannot specif that our ithdra al is to e ade co pletel fro either the ta free or ta ed co ponents of our ene ts. All ithdra als ill e pro rated across oth co ponents. Restrictions and delays So e invest ent anagers a i pose ithdra al restrictions for e a ple the a onl per it ithdra als t ice a ear) or onl part pa a rede ption these restrictions ill generall e outlined in the PDS for the anaged invest ent). You can access a cop of the PDSs free of charge and on re uest fro our nancial adviser or us. or ore infor ation see the invest ent list hich can e o tained fro our nancial adviser or the Contact Centre. Also if a purchase or sale of anaged invest ents is pending our ithdra al re uest a e affected. One-off withdrawals o re uest a ithdra al fro our In nit Super/Pension account sign and su it a pa ent re uest for. We reco end ou spea ith our nancial adviser efore ou su it this re uest to us. or partial ithdra als if there is not enough cash in our Cash Account and our nancial adviser has not sold anaged invest ents or shares to fund the partial ithdra al e ill use the Default Sell ethod or Priorit Sell ethod if instructions e ist see page 2 ) to sell do n invest ents to fund the ithdra al. ewrap Super/Pension You can change fro an In nit Super/Pension account to an ewrap Super/Pension account at an ti e. Alternativel ou can change fro an e isting ewrap Super/Pension account to an In nit Super/Pension account. You should spea to our nancial adviser efore considering this option. 28 Product Disclosure Statement

46 Closing your account o close our account contact our nancial adviser. Once e process our account closure re uest e ll deduct all outstanding fees and other costs fro our Cash Account. If ou close our account and a ounts less than are su se uentl credited to our closed account e ll appl this one for the general ene t of all current investors of the fund rather than our closed account. or full ithdra als an account closure) e e pect that our nancial adviser ill electronicall su it our instructions to sell all our invest ents. Product Disclosure Statement 29

47 . ees and other costs S all differences in oth invest ent perfor ance and fees and costs can have a su stantial i pact on our long ter returns. or e a ple total annual fees and costs of 2 of our account alance rather than 1 could reduce our nal return up to 2 over a ear period for e a ple reduce it fro 1 to ). You should consider hether invest ent features such as superior invest ent perfor ance or the provision of etter investor services ustif higher fees and costs. You a e a le to negotiate to pa lo er contri ution fees and anage ent costs here applica le. As us or spea to our nancial adviser. If ou ould li e to nd out ore or see the i pact of fees ased on our o n circu stances the Australian Securities and Invest ents Co ission ASIC) e site. one s art.gov.au) has a super calculator to help ou chec out different fee options. investing in these funds through In nit Super/Pension e ers ill generall e charged lo er anage ent costs than other retail investors. Another e difference in fees and costs appl ing to In nit Super/Pension e ers and other retail investors is that unli e other retail investors In nit Super/Pension e ers a e eligi le to receive a re ate on the fees charged so e invest ent anagers. he fees and other costs sho n do not ta e into account an inco e ta ene t if applica le) ut do include S unless other ise stated and ta e into account reduced input ta credits) therefore resulting in a net S cost recover of 2.. a ation infor ation is provided in the section a features on pages to of this PDS. Insurance costs are set out separatel in the Asgard Personal Protection Pac age PDS. You should read all of the infor ation a out fees and other costs ecause it is i portant to understand their i pact on our invest ent. ees and costs for particular anaged invest ent options are set out in PDS PAR 2 list of availa le invest ent options and the PDS for each invest ent option. o understand all of the fees and costs pa a le ou hen selecting a particular invest ent option ou ust loo at oth this PDS and the PDS s) for the relevant anaged invest ent s) together ith Investor Online hich ill provide details of an changes to fees and costs. he funds offered through In nit Super/Pension are predo inantl holesale anaged invest ents. 30 Product Disclosure Statement Fees and other costs

48 Amount How and when paid? Fees when your money moves in and out of your account Establishment fee 1 The fee to open your account Contribution fee 1 The fee on amounts deposited someone else for you. The fee on account. Termination fee The fee to close your account. Management costs account 2 Nil Nil Nil Core administration fee First $750, Balance over $750,000 Administration 0.00 Optional feature administration fee Feature Cash Account Managed investments Select Full Nil the time each deposit is made.. as a dollar amount at the time the deposit is made. Our fees and other costs The total administration fees charged will depend on the additional features you have added to your account (whether you are actively using them or not). Administration fees for additional features are charged in addition to the Core administration fee. end of the previous month. Deducted from the Cash Account monthly in arrears the month). Share account Term deposits $300pa Nil Investment fees 3 investment options is shown in Contact Centre. Insurance Nil The minimum annual administration fee is $75pa. Investment fees 3 Depending on the investments you the investment managers of the managed investments in your account, will range Investment fees 3 the managed investments. manager from their managed investment, usually on a Investment switching fee The Nil fee for switching investments August Product Disclosure Statement Fees and other costs 31

49 Example of annual fees and other costs ($50,000 example) his ta le gives an e a ple of ho fees and other costs in a super alanced invest ent option ithin this product can affect our super invest ent over a one ear period. You should use this ta le to co pare this product ith other super products. EXAMPLE - Balanced investment option Contribution fees PLUS Management costs EQUALS Cost of fund 2,3 $0 and $ And charged $400 each year. 1,4 5 pension account. 5 Additional fees may apply. fees and other costs Adding and removing optional features When ou add an optional feature to our account an increased ad inistration fee or adviser fee for that feature ill appl. When ou re ove an optional feature fro our account an adviser fees applica le for that feature ill cease. o ever the optional feature ad inistration fee ill continue until the feature is no longer activel used. or e a ple once the anaged invest ents fro an optional anaged invest ent enu are sold fro our portfolio. Asgard a ithout prior notice add an optional feature to our account here it is re uired to facilitate a transaction. or e a ple here the proceeds of a corporate action are received after ou have re oved the share feature. Where this occurs the optional feature ad inistration fee ill appl. Administration fees he total ad inistration fees ou ill e charged depend on the additional features on our account. An ad inistration fee for optional features ill e charged in addition to the Core ad inistration fee and is calculated ased on the total value of anaged invest ents and shares in our account e cluding funds held in our Cash Account and ter deposits). Adviser remuneration Disclosure of fees, costs and bene ts by your nancial adviser You and our nancial adviser ust agree on the adviser re uneration that our nancial adviser is to receive. Your nancial adviser ust disclose to ou an ene ts the receive in relation to our invest ent including all fees and costs that ou have negotiated ith the. See our nancial adviser s inancial Services uide and/or State ent of Advice for further infor ation on these ene ts. Contribution fee he In nit Super/Pension fee structure allo s ou and our nancial adviser to have e i ilit hen deter ining the contri ution fees that ill appl to the initial deposit s) and other deposits into our account. You agree the fees that are to appl ith our nancial adviser. Where re uested the contri ution fee can e no inated as a dollar a ount at the ti e the deposit is ade. o ever the dollar a ount of the contri ution fee cannot e ore than.12 of each deposited a ount. If no percentage or dollar ) ased fee is speci ed the fee ill e nil. Ongoing adviser remuneration You and our nancial adviser ust agree the adviser re uneration that our nancial adviser is entitled to receive. You a select fro a range of onthl adviser fee options. You can choose the fee to e paid to our nancial adviser in one of the follo ing a s pa a le fro our Cash Account) Flat percentage amount (%) select a at percentage et een and 1.2 to appl to the value of anaged invest ents shares and cash pa a le onthl ). liding scale specif a sliding scale applica le to the value of anaged invest ents and shares pa a le onthl ). Flat dollar amount ($) pa a le onthl and hich can e increased annuall in line ith the Consu er Price Inde or On a one off asis. In addition ou can choose to co ine the one off at dollar a ount option ith an of the other re uneration options. he at percentage and sliding scale onthl adviser fee options are calculated ased on our account alance of anaged invest ents and shares or cash if applica le) at the end of the previous onth. he ongoing/ onthl adviser fees are paid onthl in arrears. Where our account is opened during the onth the onthl adviser fee charged for the rst onth ill e pro rated ased on the nu er of da s our account as opened in that onth. hese fees are pa a le fro our Cash Account. 32 Product Disclosure Statement Fees and other costs

50 Changes to the fees paid to our nancial adviser a e ade at an ti e. here a e restrictions on the t pe of adviser fee that can e charged for an optional feature. Where a percentage ased adviser fee is no inated on an optional feature the fee ill e ased on the value of assets held in that optional feature. Cash Account commission p to.27 including a net S cost recover of 2. ) of the dail alance of our Cash Account is paid us to our nancial adviser as a service fee. It is not an additional charge to ou. Volume bonus commission enerall up to 1 of our ad inistration fee a e paid to our nancial adviser as a volu e onus co ission also no n as a platfor pa ent). his is not an additional cost to ou. Alternative Forms of Remuneration register We are re uired to co pl ith the inancial Services Council Code of Practice on Alternative or s of Re uneration the Code) in the ealth anage ent industr. he Code ai s to eradicate an practices that a in uence product providers and nancial advisers to act outside of our est interests. We are re uired the Code to aintain a register to record an aterial for s of alternative re uneration eing per ite or ore) hich are paid and received us. Registers are re uired to e aintained fund anagers platfor providers representatives and licensees. Our register is pu licl availa le for inspection ou and a cop of the register can e re uested contacting us on Fee aggregation Where ou hold ore than one In nit Super or In nit Pension account or ewrap Super/Pension account) e ll auto aticall lin these accounts and aggregate the value of the anaged invest ents and shares held through these accounts for the purpose of calculating the ad inistration fee co ponent of the anage ent costs. his is another a e help ou lo er the cost of anaging our invest ents. o e eligi le for aggregation the accounts ust e registered under the sa e surna e date of irth nancial adviser and adviser code. here s no li it to the nu er of accounts that can e lin ed together for the purpose of fee aggregation. Investment fee rebates We have een a le to negotiate re ates on the invest ent fees charged so e invest ent anagers. We a retain these re ates also no n as fund anager pa ents) in part or in full for our o n ene t. Where so e or all of the re ate is passed on it ill onl e paid to investors ith an account open at the ti e the re ate is received us hich is generall uarterl. If e pass on re ates at an stage and hether or not e do so regularl ) this does not guarantee that e ill continue to do so and ou should not e pect further re ates. he range of invest ent fees referred to in the fee ta le on page 1 do not ta e into account the invest ent fee re ates applica le unless other ise noted). Invest ent fees for Core anaged invest ents are sho n after invest ent fee re ates. Invest ent fee re ates a var fro ti e to ti e. or the latest invest ent fee infor ation contact our nancial adviser or the Contact Centre. Other remuneration from investment managers In addition to the invest ent fee re ates e a receive re uneration of up to 1 of the invest ent fees) directl fro invest ent anagers in e change for providing access to services and infor ation also no n as fund anager pa ents). o ever e do not provide an personal infor ation a out ou to these invest ent anagers. Performance fees So e of the invest ent anagers of the anaged invest ents availa le through our account a e entitled to perfor ance fees in addition to the invest ent fees the receive. Perfor ance fees if applica le ill increase the anage ent costs for a anaged invest ent option. Invest ent fees include an esti ate of the cost of an applica le perfor ance fee ho ever the actual a ount a var in the future. o nd out hether an perfor ance fee applies as our nancial adviser for a cop of the current underl ing PDS for our relevant anaged invest ents or e isting investors can access the through the PDS lin on Investor Online. Cash Account Should the alance of our Cash Account eco e negative at an ti e e ill charge interest on the negative a ount at the sa e rate as interest paid on positive Cash Account alances. he events that a cause our Cash Account alance to eco e negative include certain pa ents that are ade fro the Cash Account such as fees and ta es. Share brokerage When trading shares a ro erage fee is charged the ro er. his is an additional cost to ou. he ro erage varies according to the value of the trade. or trade values up to and including the ro erage is 2. per trade. or trades valued over the ro erage is.1 2 of the value of the trade. his fee can e varied at an ti e the ro er or us in consultation ith the ro er ithout notice. or share purchases ro erage is added to the share trade value ith the total a ount deducted fro our Cash Account. or share sales ro erage is deducted fro the net sale proceeds ith the net a ount credited to our Cash Account. Share trade service fee We a receive fro our settle ent agent/ ro er a service fee of up to 1 of the ro erage for the introduction of our usiness and/or for perfor ing client service activities and transaction reporting in relation to our account/share trading. Buy/sell differential When units in a anaged invest ent are ought and sold transaction and ro erage costs are incurred. hese costs are applied to those investors ho u and sell units in particular anaged invest ents through the use of t o different unit prices a u price and a sell price. he difference et een the u price and the sell price ta es into account these costs and is called the u /sell differential. It can range fro. that is no u / sell differential) to.. his is an additional cost to ou. Product Disclosure Statement Fees and other costs 33

51 or e a ple if ou anted to invest 1 in a anaged invest ent and the u price as 1. per unit ou ould receive 1 units. If ou su se uentl sold all of the units on the sa e da the units ould e sold at the sell price. If the sell price as. per unit that is a. u / sell differential applies) ou ould onl receive for the sale of those 1 units. Expense recovery We a introduce and clai an e pense recover ut currentl do not intend to do so. You ill receive at least da s notice if e do introduce this e pense recover. he e pense recover ould e in lieu of our unrestricted right to see rei urse ent of e penses incurred in the ad inistration of In nit Super/Pension including ut not li ited to registr costs audit fees govern ent duties and an e penses associated ith changes in govern ent legislation. Insurance premiums If ou have insurance cover through our super account the insurance pre iu s and charges ill e deducted fro our super account on a onthl asis in advance. If there are insuf cient funds in our Cash Account to pa these pre iu s and charges our Cash Account alance ill e ta en into negative to fund the pa ent and our anaged invest ents a e sold to restore the Cash Account alance to its re uired level. If the alance in our account is insuf cient to cover the pre iu and charges ou ill need to a e a deposit to our account or our cover ill lapse. Please refer to the Asgard Personal Protection Pac age PDS for further infor ation on insurance pre iu s and charges. Super and Family Law super splitting Super can e divided or split et een spouses in the event of arriage or de facto relationship rea do n agree ent or court order. or further infor ation see page 1. We do not currentl charge fees for splitting super accounts providing infor ation or eeting other a il a act re uire ents. o ever e a revie this polic in the future and reserve the right to do so. If e decide to charge a fee e ill give ou da s advance notice in riting. Splitting your contributions with your spouse Super contri utions can e split ith our spouse in certain circu stances see page 21). We do not currentl propose to charge fees for splitting contri utions. o ever e a revie this polic in the future and reserve the right to do so. If e decide to charge a fee e ill give ou da s advance notice in riting. Protection of small accounts (super account only) overn ent regulations li it the a ount of fees that can e deducted fro our ene ts if the value of our account is less than 1 and includes or has included superannuation guarantee or a ard contri utions fro our e plo er. An re uired refund of fees ill e ade after une each ear. In addition e revie our account alance t ice onthl at hich ti e if the alance of our account is less than 2 contri ution fees charged since the last revie ill e refunded. Also if the value of our account is less than 1 2 at the end of the onth e ill not pa an re uneration to our nancial adviser and the a ount of the re uneration that ould other ise have een paid ill e retained us. Privacy information requests You a re uest access at an ti e to personal infor ation held us a out ou see page 2). We do not charge a fee for an access re uest ut e a charge ou our reasona le costs of processing our re uest. We a revie this polic in the future and reserve the right to do so. If e decide to charge a fee in addition to our processing costs e ill give ou da s advance notice in riting. Variation of fees and other costs Our a ilit to charge fees and other costs including oth a i u a ounts and the introduction of ne fees and other costs is not restricted under the rust Deed. You ill receive at least da s ritten notice of an proposal to introduce ne fees and other costs or to increase current fees and other costs. Invest ent fees a e varied at an ti e an invest ent anager ithout notice to ou. See the PDS PAR 2 for the full list of invest ent fees. Details of current fees and costs including changes to underl ing anaged invest ent fees and costs are availa le through Investor Online see lectronic reporting under eeping ou infor ed on page 2 of this PDS for ore infor ation a out electronic noti cation). efore a ing an invest ent decision ou should refer to the current invest ent fees appl ing to our account hich are availa le at an ti e through Investor Online and referring to the PDS PAR 2 and an related updating infor ation that is applica le to our account. Service fee We a receive a fee of up to 1.1 including S ) per annu fro St. eorge Westpac or other providers of cash products. his fee a e received on so e or all of the cash products held through our account and is for the introduction of our an ing usiness and for perfor ing client service activities and transaction reporting. his service fee is calculated as a percentage of the dail alance of the relevant cash products. It is not an additional charge to ou. 34 Product Disclosure Statement Fees and other costs

52 7. a features he infor ation in this section gives a general overvie of the ta ation of super. As ta is co ple the rustee al a s reco ends ou see professional advice as to ho the rules ight i pact ou or our ene ciaries. here are three t pes of ta that ight appl to contri utions Contri utions ta cess contri utions ta o a ile u er ) ta 1. Contributions tax Onl so e contri utions and rollovers attract contri utions ta at a a i u rate of 1 ithin In nit. he follo ing contri utions are su ect to contri utions ta e plo er contri utions including S A ard salar sacri ce and voluntar e plo er contri utions personal after ta contri utions for hich ou clai a personal ta deduction ta a le co ponents of directed ter ination pa ents ade under the transitional provisions for e plo ent ter ination pa ents unta ed a ounts of super ene ts rolled over fro unta ed super funds. Contri utions ta ill NOT e deducted fro the follo ing contri utions personal after ta contri utions for hich no ta deduction is clai ed spouse contri utions rollovers e cept here the rollover contains an unta ed ele ent generall this ould onl appl to certain rollovers fro pu lic sector funds). he unta ed part of an rollover ill e su ect to ta at a a i u rate of 1 overn ent co contri utions a personal in ur pa ent hich is in the for of a structured settle ent an order for a personal in ur pa ent or lu p su or ers co pensation pa ent contri utions ade fro certain a ounts arising fro the disposal of ualif ing s all usiness assets that are assessed under the C cap 1 2 in 2 11/12 inde ed to AWO rounded do n to the nearest in follo ing ears). Product Disclosure Statement Tax features 35

53 2. Excess contributions tax additional tax on contributions that exceed a contributions cap While ou can contri ute as uch as ou li e ou a incur additional ta if our contri utions e ceed either or oth our concessional contri utions cap and our non concessional contri utions cap. Refer to the o super or s section in this PDS for further details on the contri utions caps. If ou e ceed the contri utions cap additional ta applies to the e cess a ount at the follo ing rates e cess concessional contri utions 1. e cess non concessional contri utions. Please note that it is our responsi ilit to ensure contri utions to super are ithin our contri utions caps. he rustee is re uired to re ect onl certain single contri utions hich are in e cess of the und cap as outlined in section o super or s ) ut it cannot onitor our overall position. If the total of all relevant contri utions ade for ou to an super fund e ceeds our contri utions cap s) ou a have to pa e cess contri utions ta. 3. No TFN tax If ou don t provide us ith our e can onl accept e plo er contri utions into our account. If a valid is not supplied e are re uired under super la to deduct an additional 1. ta fro e plo er contri utions. here are a nu er of conditions that ou ust eet in order to e eligi le to clai a ta deduction for our personal contri utions to super. Your eligi ilit can e affected our age sources of inco e and the level of an salar sacri ce and certain other e plo er contri utions ade for ou. In addition ou ust give a notice to the trustee of our super fund ithin certain ti efra es e plained on this page). If ou are eligi le and intend to clai a deduction for so e or all of our personal contri utions to our account ou are re uired to notif us in an A O approved for at. Your adviser can do this via Adviser. efore ou can clai a deduction in our ta return e need to accept our notice if e are a le to under ta la ) and ou need to receive an ac no ledge ent of our notice fro us. he applica le contri utions ta ill e deducted fro our account once a notice is accepted. It is i portant to send us a Personal a Deduction otice before an of the follo ing events occur 1. ou lodge our ta return for the nancial ear in hich the contri ution ou intend to clai a ta deduction for as ade 2. efore une of the nancial ear follo ing that in hich the contri ution as ade eg une 2 1 for contri utions ade in the 2 11/12 nancial ear). ou close our account or cease to e a e er of the fund. e no longer hold the contri utions for e a ple if a partial rollover or cash ithdra al has een ade). e egin to pa an inco e strea to ou using any a ount of our super ene t. e receive a re uest fro ou to split our contri utions ith our spouse. You a var an earlier notice in certain circu stances ut onl so as to reduce the a ount ou intend to clai as a ta deduction including to nil). In order to var an earlier notice ou ust also notif us in an A O approved for at hich our adviser can do on Adviser ). It is i portant to note that a variation ust generall e lodged ithin the sa e ti efra e as a deduction notice itself and e ill e una le to accept a variation to an earlier notice after an of the a ove events has occurred. We suggest that ou o tain professional ta advice if ou are considering clai ing a deduction for our contri utions. urther details a out the ta treat ent of personal deducti le contri utions are availa le a ove in Contri utions ta. paid super accounts a on ta a le contri utions invest ent inco e and capital gains is provisioned ithin our account at 1. he provision alance re ains invested in our account for our ene t until it is re uired to e paid to the ta of ce through uarterl and annual ta instal ents or at closure of our account. ligi le clients a receive an annual ta provision ad ust ent if the actual rate is deter ined to e less than 1 or if ou have capital losses hich can e offset against capital gains. If ou close our account efore the end of a particular nancial ear other than transferring to an Asgard pension ou ill not receive the ene t of an ad ust ents relating to that nancial ear. uarterl instal ents ill var depending on the und s total ta position. a pa ents here re uired are deducted fro our cash alance and a result in a sell do n of invest ents if there is an insuf cient cash alance at the ti e of pa ent. a pa ents reduce the re aining ta provision alance o ing on our account/increase the ta provision refund due on our account. An re aining alance for a particular nancial ear is deducted/refunded through an annual pa ent or on closure of our account. paid pension accounts a on rollovers here applica le is provisioned ithin our account at 1. he provision is deducted annuall or on closure of our account. ligi le clients a also receive an annual refund of ta for fran ing credits received on dividends or distri utions. If ou close our account efore the end of a particular nancial ear ou ill not receive the ene t of fran ing credits relating to that nancial ear. 36 Product Disclosure Statement Tax features

54 he ta le elo provides a road su ar of the a ounts of ta provisioned on e ers accounts to pa ta on contri utions and earnings. contributions Personal contributions deduction of rollovers received Investment income (e.g. distributions, dividends and interest) Capital gains Super accounts Pension accounts Important notes deducted annually if we did not hold a valid TFN as at 30 June. Nil receive an annual refund of than 12 months more than 12 months Nil capital losses to the extent the losses against capital gains in that year. If ou have ore than one In nit Super account ou should e a are that the overn ent has introduced easures hich a re uire the rustee to loo at all our accounts hen calculating the ta pa a le on lu p su cash ithdra als and the ta co ponents of rollovers. You should discuss our overall ta position ith our adviser. to another fund here is no lu p su ta pa a le hen a ene t is rolled out of In nit into another super fund or if ou use our alance to purchase a pension. Once ou are eligi le to access our super savings as a lu p su an ta the rustee is re uired to deduct ill depend on our age and the ta co ponents ithin our ene t as sho n in the ta le elo Age Under 55 component plus Medicare Levy cap 1 : Nil rate cap 1 : a rate Medicare Levy over component Nil Nil Nil If ou are under age and the rustee does not hold our it is re uired to deduct ta on the ta a le co ponent of a lu p su ene t paid to ou at the highest arginal ta rate plus the edicare ev. Please note that for the 2011/12 year only, the Temporary Flood and Cyclone Reconstruction Levy (Flood Levy) applies This may mean that additional tax of up to 1% may be applied to the taxable component of a super payment made to those under 60 years of age unless an exemption applies. or further details on this lev and availa le e e ptions refer to.ato.gov.au. Tax-free component Your ta free co ponent a consist of the follo ing ele ents personal after ta contri utions for hich ou did not clai a ta deduction spouse contri utions overn ent co contri utions ta free co ponents rolled over fro other funds an ta free a ount cr stallised as at 1 ul 2 7 or at certain trigger events for so e pensions). he ta free co ponent ill e a ed dollar co ponent hich ill onl increase ith ne after ta contri utions and rollovers containing an of the a ove ele ents. Taxable component his is the re ainder of our alance after the ta free co ponent has een su tracted. Different ta rates a appl for te porar residents ta ing a super cash lu p su. Refer to e porar residents section o super or s of this PDS and the A O e site.ato.gov.au) for further infor ation. Taking a partial cash withdrawal or rollover o deter ine the ta free and ta a le co ponents of a partial cash ithdra al or rollover the proportion of ta free and ta a le a ounts in our total account alance is deter ined as at the date of our partial ithdra al. his proportion is then applied to the a ount of our partial ithdra al. You ill not have the a ilit to choose the co ponents hich a e up our partial ithdra al. Product Disclosure Statement Tax features 37

55 Taking a cash lump sum as a result of disability If our ene t is a disa ilit super ene t the ta free co ponent a e increased an a ount calculated under ta la potentiall reducing the overall a ount of ta ou ill pa. A disa ilit super ene t is a ene t that is paid to a e er ecause he or she suffers fro ill health hether ph sical or ental) and t o legall uali ed edical practitioners have certi ed that ecause of the ill health it is unli el that the e er can ever e gainfull e plo ed in a capacit for hich he or she is reasona l uali ed ecause of education e perience or training. Compassionate grounds You can appl through the Australian Prudential Regulation Authorit APRA) for the earl release of our super on co passionate grounds. his a e considered to cover e penses related to a serious edical condition or to prevent the forced sale of our ho e our ortgagee. o nd out ore infor ation and to appl for the earl release of our super ou ill need to do nload the relevant for s fro Adviser. Taking a cash lump sum as a result of a terminal medical condition A super lu p su pa ent ill e e e pt fro ta here a e er suffers fro a ter inal edical condition. A e er ill e vie ed as suffering fro a ter inal edical condition if t o registered edical practitioners certif that the e er suffers fro an illness or has incurred an in ur that is li el to result in their death ithin a period of 12 onths the certi cation period). One of these certif ing practitioners ust e a specialist practising in an area related to the e er s in ur or illness. If a e er satis es this condition of release all ene ts hich have accrued up to this ti e eco e unrestricted non preserved. his condition of release also covers the certi cation period eaning that an further ene ts accrued ithin the 12 onth certi cation period ill also e treated as unrestricted non preserved ene ts. What if you received a cash lump sum under another condition of release? If ou received a super lu p su pa ent after 1 ul 2 7 under another condition of release and ou have a ter inal edical condition ou a e entitled to a refund of the ta ithheld. You ill need edical certi cation stating that ou had a ter inal edical condition as outlined a ove) at the ti e the pa ent as ade or ithin da s of receiving the pa ent. If ou are appl ing for a refund after 21 ul of the follo ing nancial ear in hich ou received the pa ent ou ill need to appl for a refund fro the A O. ore infor ation can e found on their e site at.ato.gov.au. he a ounts ou use to purchase our pension ill consist of t o co ponents ta free and ta a le. A percentage ill e struc for each of these co ponents hen ou purchase the pension and the ta free a ount of ever pa ent fro our In nit Pension account ill e deter ined the ta free proportion deter ined at purchase date. Once ou are aged or ore ou ill pa no ta on an pa ents ade fro our pension. You ill not need to include an of our pa ents in our inco e ta return. If ou are under age the ta a le co ponent of each regular pa ent ill e su ect to our arginal rate of ta plus the edicare ev plus for the 2 11/12 nancial ear a a i u 1 ood lev ). In addition if ou have reached our preservation age refer to Preservation age in section o super or s ) ou a e entitled to a 1 ta offset on this ta a le portion. You can also clai the ta free threshold provided the overn ent if ou have not alread clai ed this threshold fro another pa er. All payments from the pension will be treated as income for tax purposes, unless you inform us at the time of the particular payment request that you wish the amount to be treated as a lump sum cash withdrawal. For the tax treatment of lump sum cash withdrawals, refer to Taking a cash lump sum bene t in this section. If ou are under ears of age and have not provided our e are re uired to deduct PAY ithholding ta on the ta a le co ponent of our pa ents at the highest arginal rate plus the edicare ev unless ou have a speci c e e ption. Death bene ts paid as a lump sum Death ene ts paid as a lu p su to our dependants for ta purposes) are ta free. A dependant for ta purposes includes our spouse or for er spouse our children under 1 a person ho as holl or su stantiall nanciall dependent on ou at the ti e of our death and a person ith ho ou ere in an interdependenc relationship see Interdependenc relationship elo ) at the ti e of our death. Interdependency relationship An interdependenc relationship is a close personal relationship et een t o people ho live together here one or oth of the provide for the nancial and do estic support and personal care of the other. An interdependenc relationship a still e ist if there is a close personal relationship ut the other re uire ents are not satis ed ecause of so e ph sical intellectual or ps chiatric disa ilit. Death ene ts paid as a lu p su to a non dependant for ta purposes ill e ta ed in the follo ing anner component (untaxed element) the Medicare Levy the Medicare Levy Please note that for the 2011/12 year only, the Flood Levy applies. This may mean that additional tax of up to 1% may be applied to the taxable components of a super payment made to non-dependants unless an exemption applies. or further details on this lev and availa le e e ptions refer to.ato.gov.au. 38 Product Disclosure Statement Tax features

56 An unta ed ele ent ill onl arise here the lu p su death ene t contains insurance proceeds and is paid to a non dependant for ta purposes. he a ount of the unta ed ele ent is calculated using a statutor for ula. Death ene ts paid as a lu p su to our estate are ta ed ithin the estate depending on hether the ene ciaries are our dependants or non dependants for ta purposes. edicare ev is not pa a le the estate. Death bene t tax savings amount An additional pa ent a e ade to roadl co pensate for contri utions ta charged on certain contri utions ade to our account. his is no n as a ta savings a ount and onl applies here our account alance is paid as a lu p su to our spouse or child either directl or through our estate. he additional pa ent is conditional upon the fund eing eligi le for and a le to use the associated ta deduction in that ta ear. Death bene ts paid as a pension Death ene ts can onl e paid as pensions to our dependants for ta purposes. If either ou or our ene ciar are aged or over at the ti e of our death all pa ents ade fro the pension to our ene ciar ill e ta free. If neither ou nor our ene ciar are aged or over at the ti e of our death the ta free co ponent of all pa ents ill e ta free and the ta a le co ponent of all pa ents ill e ta free up to the lo rate cap then ta ed at 1. including edicare ev. Please note that for the 2011/12 year only, the Flood Levy applies. This may mean that additional tax of up to 1% may be applied to the taxable components of a super payment, unless an exemption applies. or further details on this lev and availa le e e ptions refer to.ato.gov.au. If a death ene t is paid as a pension to a child of the deceased e er ho a) as under the age of 1 or ) as under the age of 2 and nanciall dependent on the e er or c) has a prescri ed disa ilit of the ind descri ed in su section 1) of the Disa ilit Services Act 1 ) the entire pension ust e ta en as a ta free lu p su at or efore the child s 2 th irthda unless the child has a disa ilit as descri ed in c) a ove. o partial lu p su s ill e possi le. Product Disclosure Statement Tax features 39

57 . ther infor ation Cooling-off period If ou change our ind a out investing in the account ou a redee our invest ent fro the fund either having our one paid to another co pl ing super fund or having the one paid directl ac to ou in the latter case onl if ou satisf a condition of release of preserved ene ts). his right can e e ercised ithin 1 da s after con r ation of our invest ent or 1 da s after the fth usiness da after the one has een invested hichever is earlier. his cooling off period onl applies to the rst contri ution ade into our account. If our one is re uired to e paid to another super fund or ou ish to have the one paid to another super fund ou ust no inate that fund to us. You ust a e such a no ination to us ithin one onth of our refund re uest. You a e ercise our cooling off rights notif ing us in riting ithin the cooling off period. You cannot e ercise our cooling off rights in respect of a deposit after ou have e ercised an other rights or po ers ou have in respect of that deposit. he a ount received ill re ect an ar et ove ents up or do n) in the value of the invest ent in our account. We a also deduct an ta es reasona le transaction and ad inistration costs and in the case of the pension accounts an pension pa ents hich have alread een ade or an pro rata pension pa ents legall re uired to e ade. As a result the a ount redee ed a e less than our original invest ent. he sale of an invest ents re uired to action the refund a also result in the realisation of a ta a le capital gain. If ou do not advise us of the co pl ing super fund retire ent savings account or approved deposit fund ou ould li e our contri ution to e rolled over to e ill roll over our contri ution to the Advance Retire ent Savings Account Advance RSA). Complaints resolution We ve esta lished procedures for dealing ith en uiries and co plaints that eet the Australian Standard for Co plaints andling. If ou have an en uiries or concerns a out the operation or anage ent of our account ou can Call the Contact Centre on Send an e ail to e rapservicecentre asgard.co.au. Should ou not receive a satisfactor response fro the a ove areas or ish to a e our co plaint direct please send a ritten co plaint to us outlining our concerns. Write to he Co plaints Of cer PO o 72 1 Perth WA. If ou have co plained to us a out a decision hich affects ou and our co plaint has not een resolved to our satisfaction ou a have a right to lodge a co plaint a out the decision ith the Superannuation Co plaints ri unal. he tri unal is an independent od set up the federal govern ent to revie trustee decisions relating to e ers as opposed to trustee decisions relating to the anage ent of the fund as a hole). You can contact the Superannuation Co plaints ri unal telephoning 1 11 for the cost of a local call). 40 Product Disclosure Statement Other information

58 Eligible Rollover Fund he Advance RSA A 2 ) is our no inated ligi le Rollover und. We are also the trustee of the Advance RSA. We a transfer our ene ts to this fund if the value of our account is less than 2 or if for an reason ou do not have a nancial adviser attached to our account. You ill receive a PDS for the Advance RSA setting out relevant details in relation to the fund shortl after the ti e that our ene ts are transferred. If our ene ts are transferred into the Advance RSA the trustee of the fund ust ensure that all ene ts are su ect to its governing rules and the e er Protection rules of superannuation la irrespective of the si e of the ene t. You ill no longer e a e er of In nit Super/Pension and no further contri utions a e ade to our account. You ill also no longer receive regular reports fro us and an insurance cover ou a have held through our account ill cease. or further infor ation contact Advance Retire ent Savings Account PO o 7 Perth WA elephone 1 1 super splitting Super can e divided or split et een spouses in the event of arriage or de facto relationship rea do n agree ent or court order. All are inding on us as trustee. We a e re uired under the a il a act to provide certain infor ation a out our super ene ts to eligi le persons as de ned in the a il a act). his includes our spouse. he a il a act re uires us to provide infor ation to an eligi le person ithout notif ing the relevant e er that the re uest for infor ation has een ade. We are also prohi ited fro providing either the e er or non e er spouse s address details to the other part. As the a il a act provisions regarding the splitting of super ene ts are highl co ple e reco end that ou see nancial and legal advice ith respect to our o n particular circu stances. Disclosure documents for If e eco e a are that an interest in an underl ing anaged invest ent held ou is affected a ateriall adverse change or a signi cant adverse event and it is so ething that ould e re uired to e speci ed in a PDS for the anaged invest ent e ill give ou or ou ill have access through Investor Online) an updated PDS and an Supple entar PDS for the anaged invest ent. See lectronic reporting under eeping ou infor ed on page 2 for ore infor ation a out electronic noti cation. Where this occurs ou ill e a le to select a ne invest ent option. he purchase of anaged invest ents a occur ithout ou having een given the current PDS including the Supple entar PDS) for those anaged invest ents the issing docu ents ) if ou give instructions to us to ac uire an interest in the anaged invest ents i ediatel or a speci ed ti e. In this situation the relevant issing docu ent ust e provided to ou as soon as practical and in an event the fth da after the purchase as ade. Please note he purchase of anaged invest ents ill continue to e ade under the arrange ent until instructions are given to us to the contrar or the arrange ent is ter inated. We a ut e are not o liged to) cease to act on an instructions including under the regular deposit plan if e are not reasona l satis ed that the relevant infor ation has een provided or ade availa le to ou prior to investing. About the Trust Deed he operation of our account is governed the Asgard Independence Plan Superannuation rust Deed dated 12 a 1 as a ended. he rust Deed sets out rules on the ad inistration and operation of our account. hese rules include the rustee s po ers and duties the ene ts ou are entitled to as a conse uence of eco ing a e er of the account ho the rustee a e re oved or replaced ho our one a e invested the a i u fees that e a charge and ho the rust Deed can e a ended under superannuation la no a end ent can e ade hich ill result in a decrease in our accrued ene ts. If ou ould li e a cop of the rust Deed call the Contact Centre on and the ll provide ou ith a cop free of charge. nder the Superannuation Industr Supervision) Act 1 our superannuation fund is authorised to collect our hich ill onl e used for la ful purposes. hese purposes a change in the future as a result of legislative change. he trustee of our superannuation fund a disclose our to another superannuation provider hen our ene ts are eing transferred unless ou re uest the trustee of our superannuation fund in riting that our not e disclosed to an other superannuation provider and a also disclose our to the A O. It is not an offence not to uote our. o ever giving our to our superannuation fund ill have the follo ing advantages hich a not other ise appl ) our superannuation fund ill e a le to accept all t pes of contri utions to our account/s the ta on contri utions to our superannuation account/s ill not increase other than the ta that a ordinaril appl no additional ta ill e deducted hen ou start dra ing do n our superannuation ene ts and it ill a e it uch easier to trace different superannuation accounts in our na e so that ou receive all our superannuation ene ts hen ou retire. Product Disclosure Statement Other information 41

59 What this statement is about Your right to privac is i portant to us. his state ent e plains our privac rights and our rights and o ligations in relation to our personal infor ation. You can vie our privac rochure at an ti e on Investor Online. Your authority to us signing the application ou authorise us to collect aintain use and disclose the personal infor ation provided in the application and other for s relating to the account and in all future co unications et een ou and us in the anner set out in this privac state ent. Your rights You need not give us an of the personal infor ation re uested in the Application or an other docu ent or co unication relating to our account. o ever ithout this infor ation e a not e a le to process our Application or provide ou ith an appropriate level of service. You a re uest access at an ti e to personal infor ation held us a out ou and as us to correct it if ou elieve it is incorrect or out of date. We do not charge a fee for an access re uest ut e a charge ou our reasona le costs of processing our re uest. How we may use your personal information Your personal infor ation a e used to aintain a register of na es and addresses process our application ad inister and anage our invest ent in the account facilitate our internal usiness operations including ful lling legal re uire ents and carr out con dential aintenance and testing of co puter s ste s. We a also use our personal infor ation or give access to personal infor ation a out ou to an e er of the Westpac roup including to anal se products and custo er needs and develop ne products and unless ou tell us not to ar et products and services provided an e er of the Westpac roup or other suppliers hich e thin a e of interest to ou. Your nancial adviser a provide infor ation a out ou to us via our e sites or other ise as part of an electronic facilit or service offered us. Your nancial adviser can use this service to store and access our infor ation and produce reports containing our infor ation. If infor ation a out ou is provided to us using this facilit or service ut not for the purposes of or in relation to the ac uisition ou of a product or service fro a e er of the Westpac roup then other than for the purposes indicated e ill not use our infor ation for an purpose ithout our consent. Our right to disclose your personal information Your personal infor ation a e disclosed if it is necessar to do so in the follo ing circu stances On a con dential asis to our agents contractors or third part service providers to ena le the to provide nancial ad inistrative or other services. or e a ple our personal infor ation a e provided to invest ent anagers of the products ou select nancial institutions no inated ou providers of gearing facilities ail houses contracted to ail reports and infor ation to ou in relation to our invest ents and archive co panies. o an one acting on our ehalf including our nancial adviser or ro er their of ce and nancial services licence holder. We a do this a ing this infor ation availa le to the through an electronic facilit or service operated us or an e ternal service provider) that the use in the ad inistration of their practice. o other e ers of the Westpac roup. Where the la re uires or per its us to do so. If ou consent. Accuracy We rel on the accurac of the infor ation ou provide. If ou thin that e hold infor ation a out ou that is incorrect please call the Contact Centre. If for an reason e decline a re uest to update our infor ation e ill provide ou ith details of those reasons. Access to information nder the ational Privac Principles ou are generall entitled to access the personal infor ation e hold a out ou. If ou ish to access that infor ation ou ill need to co plete a Re uest for Access to Infor ation for. his ena les us to con r our identit for securit reasons and to protect our personal infor ation eing accessed a person other than ourself. Changes to our privacy policy We a a end our privac polic fro ti e to ti e. We ill notif ou of an change to our polic that re uires our consent. Direct debit request service agreement his agree ent sets out the ter s on hich e accept and act under a Direct De it Re uest DDR) ou give us to de it a ounts fro our account under the ul lectronic Clearing S ste CS). It is additional to the arrange ent under hich ou a e pa ents to us. Asgard Capital anage ent td A e or us ) ser ID 1 1 evel Central Par 1 2 St eorges errace Perth WA. You have entered or are a out to enter into an arrange ent under hich ou a e pa ents to us. You ant to a e those pa ents use of the CS. nsure that ou eep a cop of this agree ent as it sets out certain rights ou have against us and certain o ligations ou have to us due to giving us our DDR. 42 Product Disclosure Statement Other information

60 When we are bound by this agreement 1. We agree to e ound this agree ent hen e receive our DDR co plete ith the particulars e need to dra an a ount under it. What we agree to and what we can do 2. We onl dra one out of our account in accordance ith the ter s of our DDR.. We do not give ou a state ent of the a ounts e dra under our DDR.. On giving ou at least 1 da s notice e a change our procedures in this agree ent change the ter s of our DDR or cancel our DDR.. You a as us to alter the ter s of the DDR defer a pa ent to e ade under our DDR stop a dra ing under our DDR or cancel our DDR e ailing e rapservicecentre asgard. co.au or riting to Custo er ransactions PO o 72 1 Perth WA. We ill re uire a ne direct de it for if ou are changing our nancial institution or here ou have deferred a direct de it for ore than three onths.. You can dispute an a ount e dra under our DDR calling the Contact Centre on or e ailing e rapservicecentre asgard.co.au or riting to Custo er ransactions PO o 72 1 Perth WA. 7. We deal ith an disputes under Clause of this agree ent as follo s. We and our an revie our respective records. If necessar e contact our nancial institution to revie its records. We advise ou and our nancial adviser in riting ithin t o to four ee s depending on the nature and e tent of the dispute and the easures ta en to resolve it.. If the da on hich ou ust a e an pa ents to us is not a usiness da e ill dra on our account under our DDR on the rst usiness da follo ing that da.. If our nancial institution re ects an of our atte pts to dra an a ount in accordance ith our DDR e contact ou and our nancial adviser in riting. After three consecutive re ections e advise ou and our nancial adviser in riting that ou can no longer a e pa ents direct de it. Should e purchase anaged invest ents on our ehalf ith the proceeds of the DDR and our nancial institution does not honour the DDR anaged invest ents a have to e sold. We cannot e held responsi le for the effect of this u ing and selling. 1. We ill not disclose to an person an infor ation ou give us on our DDR hich is not generall availa le unless ou dispute an a ount e dra under our DDR and e need to disclose an infor ation relating to our DDR or to an a ount e dra under it to the nancial institution at hich our account is held or the nancial institution hich sponsors our use of the CS or oth of the ou consent to that disclosure or e are re uired to disclose that infor ation la. What you should consider 11. ot all accounts held ith a nancial institution are availa le to e dra n on under the CS. 12. efore ou co plete our DDR it is est to chec account details against a recent state ent fro our nancial institution to ensure the details on our DDR are co pleted correctl. 1. If ou are uncertain hen our nancial institution processes an a ount e dra under our DDR on a da hich is not a usiness da en uire ith our nancial institution. 1. It is our responsi ilit to ensure there are suf cient cleared funds availa le in our account the due date on hich e dra an a ount under our DDR to ena le us to o tain pa ent in accordance ith our DDR. 1. We re uest ou to direct all re uests to stop or cancel our DDR to us initiall and all en uiries relating to an dispute under Clause of this agree ent to us initiall or our nancial institution. Product Disclosure Statement Other information 43

61 . nvestor declarations conditions and ac no ledge ents By completing and signing the Application, you acknowledge that: e ill effect invest ent transactions ithin our capacit to do so as part of the invest ent process e reserve the right to re ect deposits at our discretion all ithdra als are su ect to an invest ent anagers ithdra al restrictions e do not guarantee the capital a ount invested or the perfor ance of the invest ents hich have een selected e retain the right to esta lish and change an procedures e consider necessar or desira le to est anage our In nit Super/ Pension account. We ill provide ou ith da s notice of an such esta lish ent or change if it is li el to have a aterial adverse i pact on ou here our nancial adviser lodges instructions using Adviser online transactions Online transactions) a. e cept to the e tent re uired la e a e no representations or arranties e press or i plied that online transactions are fault free or as to the continuit functionalit relia ilit or ef cienc of online transactions or the suita ilit of online transactions to ou. You agree to our nancial adviser lodging instructions in this anner at our o n ris and solel in reliance on our o n udge ent and not upon an arrant or representation ade us. e cept to the e tent re uired la e ill not e lia le to ou in contract tort or other ise hether negligent or not) and ou ill not have an cause of action against or right to clai or recover fro us for or concerning an loss or da age of an ind at all including conse uential loss or da age and including ut not li ited to loss of pro ts and usiness interruption) caused directl or arising indirectl out of a) our nancial adviser s use of online transactions or an part of it ) an inaccurac defect unintended inclusion alfunction default error o ission loss dela or rea do n in online transactions c) an suspension of online transactions d) an dela in the lodge ent of or e ecution of instructions su itted electronicall our nancial adviser due to s ste s faults co unication failures or an other circu stance outside our reasona le control relating to the use of or a ilit to operate online transactions e) an dela in the e ecution of instructions arising fro us follo ing our standard procedures in the usual course of our usiness including ithout li itation ensuring the instructions do not contravene an of our invest ent or other re uire ents 44 Product Disclosure Statement

62 f) an reach of the Adviser online transactions agree ent our nancial adviser or an error or o ission ade our nancial adviser ith respect to the use of online transactions including ut not li ited to the co pletion of instructions and their su ission and the order in hich our nancial adviser su its the g) the order in hich e process instructions su itted our nancial adviser h) the processing of an instruction su itted our nancial adviser electronicall hich contradicts an instruction lodged in paper for at ith us i) the fact that infor ation a out ou on Adviser is not identi ed as current ) our nancial adviser s failure to co pl ith reasona le instructions docu ented practices relating to the electronic su ission of instructions or training aterial provided us fro ti e to ti e ) the e ecution of transactions or involving third parties l) online transactions not functioning in the anner conte plated our nancial adviser here the instruction is co ple or our account ith us is co ple ) us re ecting or returning an instruction n) an reach our nancial adviser of the superannuation la or o) an other act atter thing or condition e ond our reasona le control relating to the use of or a ilit to operate online transactions e need not act on instructions if 1. in our reasona le opinion the are invalid or other ise cannot e given effect under these ter s and conditions 2. e reasona l dou t their authenticit. acting on the ould in our opinion e i practica le. e suspect that the do not co pl ith an relevant securit or ad inistrative re uire ent. our account is suspended or. the ere received after e had decided to ter inate our account and e ill not e lia le for failing to so act or for acting despite one of the a ove circu stances e isting e a provide con r ations of transactions on a transaction transaction asis or eans of a standing facilit and a change fro one eans to another. You agree that con r ations a e provided either eans e are not a are of our invest ent o ectives nancial position and particular needs. Accordingl the provision of products availa le through the account should not e ta en as the giving of invest ent advice us there a e changes to the invest ent options or other changes ithin In nit Super/Pension including the addition re oval or ithdra al of invest ent options. In the case of signi cant changes e ill notif ou electronicall see lectronic reporting on page 2 for ore infor ation a out electronic noti cation) or via our nancial adviser here it is or a eco e per issi le under superannuation la ) at the ti e further invest ents are ade us on our ehalf into a anaged invest ent in hich ou alread have an invest ent ou a not have received the current PDS for the anaged invest ent or infor ation a out aterial changes and signi cant events that affect the anaged invest ent that the responsi le entit of the anaged invest ent is re uired to give a person ho ac uired an interest in the anaged invest ent directl unless e ceptions appl ) ou have read and understood the I portant infor ation on page 1 of this PDS ou have read and understood the privac state ent on page 2 of this PDS and ou consent to the collection aintenance use and disclosure of personal infor ation in accordance ith the privac state ent. When ou provide infor ation a out another individual ou declare that the individual has een ade a are of that fact and the contents of the privac state ent. You also declare ou have the authorit of each principal co pan of cer or partner that ou purport to represent if our e plo er su scri es to plo er Online for e a ple to pa contri utions) the a lodge certain instructions on our ehalf electronicall. You agree to our e plo er lodging instructions in this anner and ac no ledge e ear no lia ilit nor are e in an a responsi le for the conduct of our e plo er. his facilit is onl provided to our e plo er on the condition that the infor ation the provide and pa ents ade) are to give effect to the eeting their super o ligations on our ehalf. We are not lia le for an loss arising fro the use of this facilit our rights in relation to our account are governed the ter s of the rust Deed dated 12 a 1 as a ended fro ti e to ti e a cop is availa le free fro us) governing the operation of the In nit Super account and In nit Pension account and ou agree to e ound such ter s e ill disclose infor ation e hold to regulator and la enforce ent agencies other nancial institutions third parties and e ers of the Westpac roup. Con rm that: If ou are a ing a deposit to our account in the In nit Super account including a deposit to e converted into a rollover and deposited into an account in In nit Pension ou are eligi le to do so under superannuation la as set out in the ta le on page. Product Disclosure Statement 45

63 If an eligi le spouse contri ution has een ade to our account ou are either in a de facto relationship ith our spouse and are legall arried or living together on a ona de do estic asis and our spouse is not entitled to a ta deduction for the contri ution. You authorise us to give infor ation relating to our account and invest ents in our account including disclosure docu ents for those invest ents) to our nancial adviser and ac no ledge that our nancial adviser is our agent for the purpose of receipt of this infor ation. Your use of the services e provide ill not reach an la of Australia or an other countr. We ill not e lia le to ou or an other person for an loss or da age of an ind that a e suffered as a result of us e ercising an of these rights. Agree: o provide us ith an infor ation e a re uest hich relates to our e ership of the account and ou further underta e that should an infor ation ou provide change ou ill notif us of this change as soon as reasona l possi le. hat if accessing Investor Online to e ound the Investor Online ter s and conditions as a ended fro ti e to ti e. You ill accept those ter s and conditions hen ou use the service. hat if accessing plo er Online to e ound the plo er Online ter s and conditions as a ended fro ti e to ti e. You ill accept those ter s and conditions hen ou use this service. hat changes to fees and costs including fees and costs for underl ing anaged invest ents a e accessed ou through Investor Online and that ou should onl a e an invest ent decision after accessing that infor ation. hat it is a condition of our participation in In nit Super/ Pension including our acceptance of contri utions or instructions or for ou relating to our participation in In nit Super/ Pension that 1. e a rel on an infor ation Infor ation ) given to us or for ou including infor ation in relation to our contri utions or our 2. e are not re uired to infor ou of our capacit to contri ute to In nit Super/ Pension or the conse uences including adverse conse uences) to ou if ou a) a e or do not a e contri utions to In nit Super/Pension ) do not provide Infor ation or c) provide inco plete Infor ation. Where e consider it necessar for us to eet our regulator and co pliance o ligations 1. ou ust provide us ith an infor ation e reasona l re uest and 2. e a dela loc or refuse to provide an of our services and ou co pl ith an other conditions hich are noti ed to ou us hich e reasona l elieve are necessar or desira le for co pliance ith the ne ta la s super si pli cation ta changes). 46 Product Disclosure Statement

64 1. lossar account or accounts refer to an In nit ewrap Super account or an In nit ewrap Pension account. AdviserNET eans the online transaction facilit provided us that our nancial adviser uses to su it instructions concerning our account. Application eans an application to open an In nit ewrap Super or In nit ewrap Pension account hich for s part of the Application to open an account). Asgard eans Asgard Capital anage ent td A Asset eans nancial products purchased through our In nit Super/ Pension account. BPAY eans BPAY Pt td A of evel 1 Yor Street S dne SW 2 telephone 2) 2 2. BPAY eans a pa ent fro BPAY to our In nit ewrap Super account. Cash Account eans our In nit ewrap Super/Pension Cash Account. Client Number eans the nu er assigned us to our account. deposit includes a contri ution or rollover. Document includes an electronic docu ent e site or e page and an application. eans an ta i posed on the suppl of an goods services real or personal propert or si ilar things or si ilar ta. including or includes eans including ut not li ited to or includes ithout li itation. and refer to In nit ewrap Super/Pension. Investor Online eans a facilit providing continuous electronic access to infor ation a out our accounts. managed investment includes a cash product. PDS is the ewrap Super/Pension Product Disclosure State ent dated 2 Octo er pension, pension account and pension accounts refer to the In nit ewrap Pension account. rollover refers to a rollover super ene t or directed ter ination pa ent for erl eligi le ter ination pa ent or P). super, super account and super accounts refer to the In nit ewrap Super account. superannuation law includes the Superannuation Industr Supervision) Act and regulations ade under that act and the Corporations Act and regulations ade under that act. we us and our are references to the rustee. eans Westpac an ing Corporation A A S eans Westpac and its su sidiaries. eans the In nit ewrap Super/ Pension account holder. Product Disclosure Statement Glossary 47

65

66

67 CONTACT CENTRE ISSUED BY Asgard Capital Management Ltd ABN AFSL CORRESPONDENCE Customer Transactions PO Box 7241

68 SUPER / PENSION APPLICATION BOOKLET ASGARD ewrap

69 ow to proceed? The below table outlines the forms that are included in this application booklet and when you need to complete them. Forms Asgard Infinity ewrap Super application Asgard Infinity ewrap Pension application Transfer authority Choosing your super fund Tax file number declaration Direct debit request Binding death benefit nomination When to complete? This form needs to be completed if you wish to open an Asgard Infinity ewrap Super Account. This form needs to be completed if you wish to open an Asgard Infinity ewrap Pension Account. You need to complete this form if you wish to roll over benefits from other superannuation fund(s) into your new account. Note: A separate certified copy of proof of identification documents must be provided for each requested transfer. Multiple people cannot be certified on the one document. You can use this form to provide information to your employer on how to make superannuation guarantee contributions into your new Asgard Infinity ewrap Super Account. This form should be provided to your employer. Do not send this form to us or the tax office. You need to complete this form if you completed the Asgard Infinity ewrap Pension application and you are under the age of 60. Please attach this form to your application and send it to us. You need to complete this form if in your application you elected to make a one-off or regular deposit (super only) into your account via direct debit. You can use this form to make a death benefit nomination that is binding on us. You can nominate one or more dependants or your estate to be paid the balance in your account (including any insured benefit) when you die. Unless otherwise defined, terms used in the application booklet have the same meaning as in the PDS. 1 How to proceed?

70 uide to completing the Asgard Infinity ewrap Super Account application If you would like to open an Asgard Infinity ewrap Super Account, you need to complete each relevant section of the application. Your financial adviser may submit your application electronically using AdviserNET or the application in this application booklet can be completed and sent to us. 1. Existing account details If you have an existing account that is in exactly the same name as this account, complete this section and your existing account details will be applied to your new account, and you don t need to complete section 2. If you have any changes to your existing account, mark these changes in section 2. We will only apply the amended account details to your new account. 2. New account details Provide all details requested, unless you have completed section Tax file number You are under no obligation to provide your TFN. However, if you don t provide your TFN, tax may be charged on your account at a higher rate than would otherwise apply and we may be required to return certain contributions to you. See Tax Features (in section 7) and Tax file number (in section 8) of the PDS for more information. 4. Authority to operate Indicate whether your financial adviser will have authority to operate your Infinity ewrap Super account. 5. Residency details Provide all residency details. If you are not an Australian resident for tax purposes, you must state your country of residence. Adviser remuneration/fees Sections 6, 10 and 11 set out amounts which you consent to the Trustee deducting and paying from your Infinity Account to your financial adviser (or to their dealer group on their behalf) whose details are set out in section 13 of this application, or as notified to the Trustee or Asgard from time to time in writing. The fees are payable for financial advice and related services that they provide to you in relation to your interest in this product. For more information, please refer to the Fees and other costs section of the PDS. 6. Feature selection and adviser fees In this section you can customise the features of your account and nominate the adviser fee to be paid to your financial adviser. a) Account management fees Select the ongoing adviser fee option either flat dollar, flat percentage or sliding scale and indicate the fee (excluding GST). Where a percentage is specified, the maximum is 5.0% (excluding GST) per category. b) Optional account features and ongoing adviser fees Choose the optional features to apply to your account. If you don t select any optional features, then the Core account features will apply. Any nominated adviser fees on an optional feature will be calculated on the value of assets in that optional feature. c) One-off adviser fee Nominate a one-off fee to be paid to your financial adviser, deducted as a one-off payment from your Cash Account. Guide to completing the Asgard Infinity ewrap Super Account Application 2

71 d) Other fees Indicate the Adviser fee Contributions to apply to future deposit types. 7. Employment details Indicate your employment status and the name of your employer (if applicable. 8. Share trading This section must be completed in order to trade shares through your account. You will need to nominate whether you wish to receive dividends as cash or have them reinvested under a Dividend Reinvestment Plan (DRP). Please note that your dividend election will apply across all shares held in your account where a DRP is available. (Where a DRP is not available for a share, or there is a residual cash portion on your DRP, the dividend will be received as cash and deposited into your Cash Account). 9. Reports and information Indicate whether your Investor Report should be sent to you or to your financial adviser. 10. Initial deposits and contributions Amount of initial deposit: Where a cheque is enclosed with the application, note the amount of the cheque. You can also choose to fund your deposit directly from your financial institution account by completing the direct debit request in the application booklet. Initial deposit details: Indicate whether the deposit is a rollover and/ or a contribution. If you are making a contribution, note the amount applicable for each type of contribution. Specify the Adviser fee contributions (excluding GST) to apply to your rollover and/or contribution. 11. Regular deposit plan If you wish to make regular direct debit deposits from your nominated financial institution, complete this section. You must specify the amount you wish to deposit and the frequency of the required deposit. The minimum deposit is $100. Also specify the Adviser fee contributions to apply to your regular deposit plan deposits. You must also complete the direct debit request in the application booklet, and forward the original with your application. You can only have one direct debit request for each account. Therefore, if you also want to make an initial deposit by direct debit, it must come from the same bank account. 12. Nominated beneficiaries You can nominate a beneficiary for your account. The nomination can be either discretionary or binding. See Estate Planning in the PDS for information on the effect of making a nomination. If you would like to make a binding nomination, complete the binding death benefit nomination form in this application booklet. 13. Adviser s details and declaration Your financial adviser completes this section. Under the Anti-Money Laundering and Counter-Terrorism Financing Act, your financial adviser is required to verify your identity. The verification procedure is outlined in this booklet. 14. Declaration Read carefully the Investor declarations, conditions and acknowledgements section in the PDS, sign and date the application. Applications may be signed or executed by individuals under Power of Attorney. Where the applicant signs under Power of Attorney, a certified copy of the relevant Power of Attorney must be enclosed with the application. Your Power of Attorney can be certified by a Justice of the Peace, a Commissioner for Declarations or your solicitor. 3 Guide to completing the Infinity ewrap Super Account Application

72 uide to completing the Asgard Infinity ewrap Pension Account application If you would like to open an Asgard Infinity ewrap Pension Account, you need to complete each relevant section of the application. Your financial adviser may submit your application electronically using AdviserNET, or the application in this application booklet can be completed and sent to us. 1. Existing account details If you have an existing account that is in exactly the same name as this account, complete this section and your existing account details will be applied to this account, and you don t need to complete section 2. If you have any changes to your existing account, mark these changes in section 2. We will only apply the amended account details to your new account. 2. New account details Provide all details requested, unless you have completed section Residency details Provide all residency details. If you are not an Australian resident for tax purposes, you must state your country of residence. 4. Authority to operate Indicate if your financial adviser will have authority to operate your Infinity ewrap Pension account. 5. Tax file number You are under no obligation to provide your TFN. However, if you don t provide your TFN, tax may be charged on your account at a higher rate than would otherwise apply and we may be required to return certain contributions to you. See Tax Features (in section 7) and Tax file number (in section 8) of the PDS for more information. If you are under 60, you must complete the tax file number declaration in this application booklet and submit it with your pension account application, even if you don t provide your tax file number. Adviser remuneration/fees Sections 6, 9 and 13 set out amounts which you consent to the Trustee deducting and paying from your Infinity Account to your financial adviser (or to their dealer group on their behalf) whose details are set out in section 15 of this application, or as notified to the Trustee or Asgard from time to time in writing. The fees are payable for financial advice and related services that they provide to you in relation to your interest in this product. For more information, please refer to the Fees and other costs section of the PDS. 6. Feature selection and adviser fees In this section you can customise the features of your account and nominate the adviser fee to be paid to your financial adviser. a) Account management fees Select the ongoing adviser fee option either flat dollar, flat percentage or sliding scale and indicate the fee (excluding GST). Where a percentage is specified, the maximum is 5.0% (excluding GST) per category. b) Optional account features and ongoing adviser fees Choose the optional features to apply to your account. If you don t select any optional features, then the Core account features will apply. Any nominated adviser fees on an optional feature will be calculated on to the value of assets in that optional feature. Guide to completing the Asgard Infinity ewrap Pension Account application 4

73 c) One-off adviser fee Nominate a one-off fee to be paid to your financial adviser, deducted as a one-off payment from your Cash Account. 7. Pension eligibility You must nominate the pension eligibility condition that applies to you. 8. Share trading This section must be completed in order to trade shares through your account. You will need to nominate whether you wish to receive dividends as cash or have them reinvested under a Dividend Reinvestment Plan (DRP). Please note that your dividend election will apply across all shares held in your account where a DRP is available. (Where a DRP is not available for a share, or there is a residual cash portion on your DRP, the dividend will be received as cash and deposited into your Cash Account). 9. Transfer details Complete these details if you are transferring funds from your existing super and/or pension account (held with Asgard) to this Infinity ewrap Pension Account. Indicate the Adviser fee contributions (excluding GST) to apply to the transfer amount. 10 & 11. Pension payment details Nominate how much you would like to receive and the frequency of payment and provide details of the account your pension is to be paid into. 12. Reports and information Indicate whether your Investor Report should be sent to you or to your financial adviser. 13. Initial deposits Amount of initial deposit: Where a cheque is enclosed with the application, note the amount of the cheque. You can also choose to fund your deposit directly from your financial institution account by completing the direct debit request in the application booklet. Initial deposit details: Please indicate whether the deposit is a rollover and/ or contribution. If you are making a contribution, note the amount applicable for each type of contribution. Specify the Adviser fee contributions (excluding GST) to apply to your rollover and/or contribution. 14. Nominated beneficiaries You can nominate a beneficiary for your account. See Estate Planning in the PDS for information on the effect of making a nomination. The nomination can be either discretionary or binding. If you would like to make a discretionary nomination, you have the choice of requesting a reversionary pension to be paid to your spouse or child. If you would like to make a binding nomination, complete the binding death benefit nomination form in this application booklet. 15. Adviser s details and declaration Your financial adviser completes this section. Under the Anti-Money Laundering and Counter-Terrorism Financing Act, your financial adviser is required to verify your identity. The verification procedure is outlined in this booklet. 16. Declaration Read carefully the Investor declarations, conditions and acknowledgements in the PDS, sign and date the application. Applications may be signed or executed by individuals under Power of Attorney. Where the applicant signs under Power of Attorney, a certified copy of the relevant Power of Attorney must be enclosed with the application. Your Power of Attorney can be certified by a Justice of the Peace, a Commissioner for Declarations or your solicitor. 5 Guide to completing the Asgard Infinity ewrap Pension Account application

74 Verification procedure Identification details Verify the individual s full name and either their date of birth or residential address. Complete Part I (or if the individual does not own a document from Part I, then complete either Part II or Part III). Contact your licensee if the individual is unable to provide the required documents. Part I Acceptable primary ID documents Select ONE valid option from this section only. Australian State/Territory driver s licence containing a photograph of the person Australian passport (a passport that has expired within the preceding two years is acceptable) Card issued under a State or Territory for the purpose of proving a person s age containing a photograph of the person Foreign passport or similar travel document containing a photograph and the signature of the person *. Part II Acceptable secondary ID documents Only needs to be completed if the individual does not own a document from Part I. Select ONE valid option from this section. Australian birth certificate Australian citizenship certificate Pension card issued by Human Services (previously known as Centrelink) And ONE valid option from this section. A document issued by the Commonwealth or a State or Territory within the preceding 12 months that records the provision of financial benefits to the individual and which contains the individual s name and residential address. A document issued by the Australian Taxation Office within the preceding 12 months that records a debt payable by the individual to the Commonwealth (or by the Commonwealth to the individual), which contains the individual s name and residential address. Block out the TFN before scanning, copying or storing this document. A document issued by a local government body or utilities provider within the preceding three months which records the provision of services to that address or to that person (the document must contain the individual s name and residential address). Part III Acceptable foreign ID documents Only needs to be completed if the individual does not have a document from Part I. BOTH documents from this section must be presented. Foreign driver s licence that contains a photograph of the person in whose name it is issued and the individual s date of birth *. National ID card issued by a foreign government containing a photograph and a signature of the person in whose name the card was issued *. * Documents that are written in a language that is not English must be accompanied by an English translation prepared by an accredited translator. Verification procedure 6

75 Infinity ewrap Super Account Application Effective date: 1 July 2013 Instructions on how to complete this application are at the front of this booklet. Before completing, please read carefully the Privacy statement in the Asgard Infinity ewrap Super/Pension Product Disclosure Statement (PDS). It sets out important information you should know about how we handle personal information about you. In this application, where there is a reference to a fee excluding GST, a net GST expense recovery amount (after reduced input tax credits) is payable and will be added to the amount deducted from your account. Please complete this application in BLOCK LETTERS using black ink and: Your financial adviser may submit this application online using AdviserNET (you are required to have an adviser to operate an Infinity ewrap account) or you can post it to Asgard, PO Box 7241, Cloisters Square WA Make cheques payable to Infinity ewrap Super (Name of investor) and cross them Not negotiable. We cannot accept faxes or photocopies of this application. This symbol indicates you need to give us more information. This symbol indicates a required field/section. Questions? Call the Contact Centre on or ewrap@asgard.com.au Checklist: Have you: signed the declaration and dated this form? attached the indentification form including attaching certified identification documentation? attached all your supporting documents if required? e.g. Power of Attorney, Guardianship, Trust Deed, etc original certified copies are required supplied your Tax file number? supplied your address? Additional information is required if your financial adviser has not completed the record of proof of identity section. Know Your Client (KYC) form Certified identification 1. Existing account details If you have an existing account that is in exactly the same name as this account, provide the account number and name below, mark any changes in section 2, and go to section 3. We will only apply the amended account details to your new account. Existing account number Existing account name Go to section 3 2. New account details Mandatory section if section 1 is not completed Title Surname Given names Gender Date of birth Male Female Residential address (mandatory, PO Box not accepted) Postal address (if different from residential address) State Postcode State Postcode Asgard Infinity ewrap Super Account application 1 of 8

76 2. New account details (continued) Phone (Home) Phone (Business) Phone (Mobile) Facsimile 3. Tax file number Tax file number (TFN) Exemption code OR Note: You are under no obligation to provide your TFN. However, if you don t provide your TFN, tax may be charged on your account at a higher rate than would otherwise apply and we may be required to return certain contributions to you. See Tax Features (in section 7) and Tax file number (in section 8) of the PDS for more information. 4. Authority to operate Indicate if you are giving your financial adviser authority to operate your account on your behalf. Yes, my financial adviser is granted authority to operate my account I authorise my financial adviser to give, and the Trustee to accept, instructions on my behalf as if they had been given by me, but my financial adviser agrees he/she cannot give instructions: 1. to change the name of my account 2. to transfer funds out of my Cash Account 3. in relation to any other matters outlined in the PDS that may require my personal instructions 4. to transfer my account from super to pension. OR No, my financial adviser is not granted authority to operate my account If you select this option, you will be required to sign all instructions relating to your account prior to your financial adviser submitting them to us online. 5. Residency details Mandatory section Are you an Australian resident for taxation purposes? Yes OR No If No, state your country of residence 6. Feature selection and adviser fees (excluding GST) a) Account Management Fee Ongoing adviser fees will be paid to your financial adviser (as negotiated). The relevant amount/percentage will be deducted from your Cash Account on a monthly basis. Please note, managed investments exclude term deposits. Nominate the fee below (excluding GST). Select from one of the following fee types: Flat dollar fee of,. X X pa (This will only be charged if you invest in managed investments and/or shares.) Apply annual increase in line with Consumer Price Index (CPI) released for the previous quarter. Increase to start in January April July October Year OR Flat percentage rate of Cash. % pa (max 5%) Managed investments. % pa (max 5%) Shares. % pa (max 5%) 2 of 8 Asgard Infinity ewrap Super Account application

77 a) Account Management Fee (continued) OR Sliding scale specify a sliding scale applicable to the combined value of managed investments and shares only $ to $. % pa $ to $. % pa $ to $. % pa Note: The above adviser fee option is for financial advice and related services provided by your financial adviser in relation to your account. b) Optional account features and ongoing adviser fees Select any optional features and ongoing adviser fees (excluding GST) applicable to the account. The fees are in addition to any fee nominated in section 6a (above) and will be deducted from your Cash Account and paid to your financial adviser on a monthly basis. Percentage based fees will be applied to the value of your investment in the nominated asset class. If you have selected the sliding scale fee type in section 6a (above) you can only nominate dollar based fees to apply to the optional features below. Optional Features Managed Investments Adviser fee % based fee pa $ based fee pa Select menu OR Full menu. % pa (max 5%) Term deposits N/A Yes Shares OR $,. X X $,. X X Custodial. % pa (max 5%) OR $,. X X Insurance Yes N/A $,. X X * If you do not select any optional account features above, the Core account features will apply. Note: The above adviser fee option is for financial advice and related services provided by your financial adviser in relation to your account. c) One-off adviser Fee Nominate the one-off fee (excluding GST) as negotiated, to be paid to your financial adviser. The fee will be deducted only once, from your Cash Account during the next fee routine (generally during the first 2 weeks of the month). Flat dollar fee $,. X X (if you don t nominate a fee, no one-off fee will be charged) Note: The above adviser fee option is for financial advice and related services provided by your financial adviser in relation to your account. d) Other fees Nominate the Adviser fee Contributions (excluding GST) to apply to future deposits. Cheque deposits BPAY deposits Direct debit deposits. % (max 5%). % (max 5%). % (max 5%) Rollovers. % (max 5%) Note: The fee specified above will apply to all future deposits unless you specify an alternative fee at the time a deposit is made. If you don t nominate a fee, the default will be 0%. The above adviser fee option is for financial advice and related services provided by your financial adviser relating directly to the contributions/deposits made to your account. Asgard Infinity ewrap Super Account application 3 of 8

78 7. Employment details Mandatory section Employment status: Self-employed Employed Not applicable (as other circumstances apply) Employer s business name Date joined employer You need to complete the below section if you are 65 or over, but not yet 75 and want to make a contribution (other than a mandatory employer contribution) into your account. I declare that I am 65 or over but not yet 75 and have been gainfully employed for at least 40 hours in 30 consecutive days in the current financial year. 8. Share trading Complete this section only if you have selected shares as an optional feature in section 6b. I wish to trade shares through my Asgard Infinity ewrap Super account. Dividend election Cash Reinvest (DRP) Note: If no dividend election is made, the default election of cash will be applied. The dividend election will be applied across all share holdings in your account. Where reinvesting (DRP) is not available for a share or there is a residual cash portion on the DRP, the dividend will be paid into the Cash Account. 9. Reports and information Send investor reports to (tick one): Investor OR Financial adviser I d like to receive information, special offers and exclusive opportunities about other products or services (including Axis magazine), which may be supplied by the Trustee, other members of the Westpac Group or other preferred providers that the Trustee considers may be of value and interest to me. Yes OR No Note: If you do not tick either box, we will use your information as set out in the privacy statement. 10. Initial deposits and contributions Indicate the type of deposit you re making and the contribution fee (excluding GST) that will be deducted from your initial deposit(s) and paid to your adviser. The contribution fee cannot exceed a maximum of 5.00% (excluding GST) of each deposit. If you don t indicate a contribution fee the default will be zero. Rollover details Complete the details below for the initial rollover(s) and any additional rollovers to follow. You must forward the relevant rollover documentation with the initial rollover cheque(s) to us or complete the transfer authority in this booklet if you would like us to manage the transfer. Institution Expected amount $,,. X X Contribution fee. % OR $,. X X Institution Expected amount $,,. X X Contribution fee. % OR $,. X X 4 of 8 Asgard Infinity ewrap Super Account application

79 10. Initial deposits and contributions (continued) AND/OR Deposit details Amount $,,. X X Deposit type Cheque Direct Debit Contribution fee. % pa (max 5.0%) OR $,,. X X This deposit is made up of: Employer Superannuation guarantee (SG) contribution 2 Personal deducted contribution^*2 Personal undeducted contribution *1 Salary sacrifice contribution 2 Additional employer contribution 2 $ $ $ $ $ $ Spouse contribution *1 If depositing via direct debit, complete the direct debit request in this booklet or your employer can make electronic contributions to your account using Employer Online. ^ If you re making a personal deductible contribution, you will also need to provide a valid Personal Tax Deduction Notice to confirm your intention to claim a tax deduction for this contribution. The Personal Tax Deduction Notice needs to be provided to us by the end of the financial year following the financial year in which the contribution was made (or earlier if you are starting a pension, requesting a full or partial transfer or lump-sum withdrawal). * We are unable to accept one off member contributions (personal deducted contributions that are not covered by a valid tax deduction notice, personal undeducted and spouse contributions) where it exceeds the allowable cap or you have not supplied us with your TFN. 1 This type of contribution counts towards your non-concessional contributions cap. 2 This type of contribution counts towards your concessional contributions cap. Note: It is your or your adviser s responsibility to monitor your contribution caps. We will not be held responsible for ensuring that you do not exceed your contribution caps. The above adviser fee option is for financial advice and related services provided by your financial adviser relating directly to the contributions/deposits made to your account. 11. Regular deposit plan I wish to set up a regular deposit plan on my account. You need to complete the below section as well as the Direct debit request appearing in this booklet. Note: You will need to ensure that you are eligible to contribute to your account during the duration of your regular deposit plan. If your circumstances change (ie you are no longer eligible to make contributions into your account), you will need to provide us with instructions to cancel your regular deposit plan. For more information on circumstances in which contributions can be made, refer to the PDS. Regular deposit plan details Regular deposit amount (minimum $100): $,. X X Frequency: Monthly Quarterly Half-yearly Annually Note: If you do not specify the frequency, the monthly frequency will be applied to your direct debit. Start date: End date (optional): Note: If no start date is specified, the direct debit will start immediately after this application has been processed. Regular deposit plan contribution fee (to be paid to your financial adviser):. % (max 5.00% excl. GST) Note: This fee will only apply to the regular deposit plan nominated above. Asgard Infinity ewrap Super Account application 5 of 8

80 11. Regular deposit plan (continued) This contribution is made up of: Employer Superannuation guarantee (SG) contribution 2 Personal deducted contribution^* 2 Personal undeducted contribution* 1 Salary sacrifice contribution 2 Additional employer contribution 2 Spouse contribution* 1 $ $ $ $ $ $ ^ If you re making a personal deductible contribution, you will also need to provide a valid Personal Tax Deduction Notice to confirm your intention to claim a tax deduction for this contribution. The Personal Tax Deduction Notice needs to be provided to us by the end of the financial year following the financial year in which the contribution was made (or earlier if you are starting a pension, requesting a full or partial transfer or lump-sum withdrawal). * We are unable to accept one-off member contributions (personal deducted contributions that are not covered by a valid tax deduction notice, personal undeducted and spouse contributions) where it exceeds the allowable cap or you have not supplied us with your TFN. Contributions caps apply to each financial year s contributions. Contributions above these caps may be liable for additional tax which is determined by the ATO after the end of the financial year. It is your or your adviser s responsibility to monitor your contribution caps. We will not be held responsible for ensuring that you do not exceed your contribution caps. 1. This type of contribution counts towards your non-concessional contributions cap. 2. This type of contribution counts towards your concessional contributions cap. Note: The above adviser fee option is for financial advice and related services provided by your financial adviser relating directly to the contributions/deposits made to your account. 12. Nominated beneficiaries You can nominate one or more dependants and/or your estate to be paid the balance in your account (including any insured benefit) when you die. For information on who you can nominate and the effect of making a nomination, refer to the PDS. Please indicate the type of nomination you wish to make: Discretionary nomination Complete the below section. Note: Please select only one option Discretionary nomination Estate/Dependant(s) Estate AND/OR Dependant 1 Full name OR Binding nomination Complete and attach the Binding death benefit nomination form to this application. Allocation % % Relationship (please select only one option) Spouse De-facto spouse Child * Interdependency relationship Financial dependant Dependant 2 Full name % Relationship (please select only one option) Spouse De-facto spouse Child * Interdependency relationship Financial dependant Dependant 3 Full name % Relationship (please select only one option) Spouse De-facto spouse Child * Interdependency relationship Financial dependant Dependant 4 Full name % Relationship (please select only one option) Spouse De-facto spouse Child * Interdependency relationship Financial dependant 6 of 8 Asgard Infinity ewrap Super Account application

81 Estate/Dependant(s) Allocation Your total allocation must total 100% 100% * If one or more of your nominated dependants is a child under 18 years of age and you would like them to be paid a child pension, you need to complete a child pension nomination which must accompany this application. Your financial adviser can download this form from AdviserNET. 13. Adviser s details and declaration (Your financial adviser will complete this section) Mandatory section By completing this section, you (the financial adviser) authorise us to collect, maintain, use and disclose your personal information in the manner set out in our privacy brochure, a copy of which can be obtained free of charge from our Contact Centre. Adviser s company Adviser s name AFS Licensee name AFSL Number Adviser s phone Adviser Address Adviser s code BA 11 Declaration by financial adviser I confirm that I have conducted the relevant customer identification procedure in line with the obligations under AML/CTF Law, and: I have attached the necessary certified proof of identity documents with the application; or I have sighted and retained copies of the necessary certified proof of identity documents as recorded in the Verification procedure table in this booklet. I agree that where my client has agreed adviser fees as part of this account application, this form once properly completed and signed constitutes an agreement between myself, the Trustee and my client and that I am entering into this agreement on my own behalf and, where I am a representative of a dealer group, as agent of the dealer group. Signing this form constitutes a request for payment by and on behalf of my client of agreed adviser fees. I have ensured that my client has agreed to the payment of adviser fees and has signed this form. I represent and warrant that the financial advice and related services for which adviser fees will be deducted from my client s account and paid to myself (or to my dealer group who will receive the payment on my behalf) relate solely to my client s interest in the account to which this form relates. Where adviser fees relate to contributions/deposits made to my client s account, the financial advice and related services provided will relate directly to those contributions/deposits. I represent and warrant that the amount of each agreed adviser fee is, and will be, proper and reasonable in respect of the financial advice and related services that have been, or will be, provided. Asgard Infinity ewrap Super Account application 7 of 8

82 13. Adviser s details and declaration (continued) Record of proof of identity ID document 1 ID document 2 (ID) Verified from 4 Original 4 Original 4 Certified copy 4 Certified copy Document type Document issuer Issue date Expiry date Document number Accredited English translation Date verified NA Sighted NA Sighted Signature (financial adviser) Date Dealer stamp 14. Declaration Mandatory Section I confirm that before this application was signed by me, I was given a copy of the current PDS (as confirmed by my financial adviser) consisting of both Part 1 and Part 2, and any supplementary PDSs, which I have read and understood. I expressly acknowledge the Important information on the contents page of the PDS. I give and make the Investor declarations, conditions and acknowledgments contained in the PDS (refer to the Contents table). I confirm all details in this application are true and correct. I agree to receive any communications (including any confirmation of any transaction or dealing, notice of material changes and significant events and other information I may request) details of illiquid investments and documents (including the product disclosure statements for underlying managed investments and periodic reports) which the Trustee is required or permitted to give, or has agreed to give, to me relating to my account via Investor Online, or any other electronic means chosen by the Trustee (and for these purposes, I agree I will be taken to have received the relevant information whether or not I access the information). By signing this Form, I consent to the Trustee deducting and paying agreed adviser fees to my financial adviser (or to their dealer group who will receive the payment on behalf of my financial adviser) from my account on my behalf, as remuneration for financial advice and related services that my financial adviser provides in relation to my account. Signature Date Trustee: BT Funds Management Limited ABN RSE L AFSL Custodian and Administrator: Asgard Capital Management Ltd ABN AFSL Contact Centre PO Box 7241, Cloisters Square WA of 8 Asgard Infinity ewrap Super Account application

83 Infinity ewrap Pension Account Application Effective date: 1 July 2013 Instructions on how to complete this application are at the front of this booklet. Before completing, please read carefully the Privacy statement in the Asgard Infinity ewrap Super/Pension Product Disclosure Statement (PDS). It sets out important information you should know about how we handle personal information about you. In this application, where there is a reference to a fee excluding GST, a net GST expense recovery amount (after reduced input tax credits) is payable and will be added to the amount deducted from your account. Please complete this application in BLOCK LETTERS using black ink and: Your financial adviser may submit this application online using AdviserNET (you are required to have an adviser to operate an Infinity ewrap account) or you can post it to the Asgard, PO Box 7241, Cloisters Square WA Make cheques payable to Infinity ewrap Pension (Name of investor) and cross them Not negotiable. If you are investing through the Asgard Infinity ewrap Super Account, your non-rollover cheque should be payable to Infinity ewrap Super (Name of investor). We cannot accept faxes or photocopies of this application. This symbol indicates you need to give us more information. This symbol indicates a required field/section. Questions? Call the Contact Centre on or ewrap@asgard.com.au Checklist: Have you: signed the declaration and dated this form? attached the indentification form including attaching certified identification documentation? attached all your supporting documents if required? e.g. Power of Attorney, Guardianship, Trust Deed, etc original certified copies are required supplied your Tax file number? supplied your address? Additional information is required if your financial adviser has not completed the record of proof of identity section. Know Your Client (KYC) form Certified identification 1. Existing account details If you have an existing account that is in exactly the same name as this account, provide the account number and name below, mark any changes in section 2, and go to section 3. We will only apply the amended account details to your new account. Existing account number Existing account name Go to section 3 2. New account details Mandatory section if section 1 is not completed Title Surname Given names Gender Date of birth Male Female Residential address (mandatory, PO Box not accepted) Postal address (if different from residential address) State Postcode State Postcode Asgard Infinity ewrap Pension Account application 1 of 10

84 2. New account details Mandatory section if section 1 is not completed (continued) Phone (Home) Phone (Business) Phone (Mobile) Facsimile 3. Tax file number Tax file number (TFN) Exemption code OR Note: You are under no obligation to provide your TFN. However, if you don t provide your TFN, tax may be charged on your account at a higher rate than would otherwise apply and we may be required to return certain contributions to you. See Tax Features (in section 7) and Tax file number (in section 8) of the PDS for more information. If you are under 60, ensure you have completed the Tax file number declaration and attach it to this application. 4. Authority to operate Indicate if you are giving your financial adviser authority to operate your account on your behalf. Yes, my financial adviser is granted authority to operate my account I authorise my financial adviser to give, and the Trustee to accept, instructions on my behalf as if they had been given by me, but my financial adviser agrees he/she cannot give instructions: 1. to change the name of my account 2. to transfer funds out of my Cash Account 3. in relation to any other matters outlined in the PDS that may require my personal instructions 4. to transfer my account from super to pension. OR No, my financial adviser is not granted authority to operate my account If you select this option, you will be required to sign all instructions relating to your account prior to your financial adviser submitting them to us online. 5. Residency details Mandatory section Are you an Australian resident for taxation purposes? Yes OR No If No, state your country of residence 6. Feature selection and adviser fees (excluding GST) a) Account management fee Ongoing adviser fees will be paid to your financial adviser (as negotiated). The relevant amount/percentage will be deducted from your Cash Account on a monthly basis. Please note, managed investments exclude term deposits. Nominate the fee below (excluding GST). Select from one of the following fee types: Flat dollar fee of,. X X pa (This will only be charged if you invest in managed investments and/or shares.) Apply annual increase in line with Consumer Price Index (CPI) released for the previous quarter. Increase to start in January April July October Year 2 of 10 Asgard Infinity ewrap Pension Account application

85 a) Account management fee (continued) OR Flat percentage rate of Cash. % pa (max 5%) Managed investments. % pa (max 5%) Shares. % pa (max 5%) OR Sliding scale specify a sliding scale applicable to the combined value of managed investments and shares only $ to $. % pa $ to $. % pa $ to $. % pa Note: The above adviser fee option is for financial advice and related services provided by your financial adviser in relation to your account. b) Optional account features and ongoing adviser fees Select any optional features and ongoing adviser fees (excluding GST) applicable to the account. The fees are in addition to any fee nominated in section 6a (above) and will be deducted from your Cash Account and paid to your financial adviser on a monthly basis. Percentage based fees will be applied to the value of your investment in the nominated asset class. If you have selected the sliding scale fee type in section 6a (above) you can only nominate dollar based fees to apply to the optional features below. Optional Features Managed Investments Adviser fee % based fee pa $ based fee pa Select menu OR Full menu. % pa (max 5%) Term deposits OR $,. X X Yes Shares N/A $,. X X Custodial OR. % pa (max 5%) $,. X X * If you do not select any optional account features above, the Core account features will apply. Note: The above adviser fee option is for financial advice and related services provided by your financial adviser in relation to your account. c) One-off adviser fee Nominate the one-off fee (excluding GST) as negotiated, to be paid to your financial adviser. The fee will be deducted only once, from your Cash Account during the next fee routine (generally during the first 2 weeks of the month). If you don t nominate a fee, no one-off fee will be charged. One-off fee $,. X X Note: The above adviser fee option is for financial advice and related services provided by your financial adviser in relation to your account. Asgard Infinity ewrap Pension Account application 3 of 10

86 7. Pension eligibility Mandatory section Tick the condition that applies to you: My deposit is comprised entirely of unrestricted non-preserved benefits Over age 55, ceased employment and do not intend ever again to be gainfully employed for more than 10 hours per week Over age 60 and ceased employment with an employer on or after turning 60 Over age 65 (eligibility criteria may apply for making contributions - refer to the PDS) Reached preservation age (pre-retirement pension) Permanent incapacity/disability To access preserved benefits on the grounds of permanent incapacity, you need to provide certificates from two registered medical practitioners stating that, in their opinion, because of your ill-health (whether physical or mental), it is unlikely that you can engage in gainful employment for which you are reasonably qualified by education, training or experience. To enable us to consider whether to classify your benefit payment as a disability superannuation benefit and calculate any applicable tax free component, in addition to the need for the certificates from two doctors, please: 1. Confirm that you are requesting payment of your benefits because you suffer from ill-health (whether physical or mental). Yes OR No 2. Advise that date on which you stopped being capable of being gainfully employed. (If you were employed, we would expect this date to be the date on which your employment terminated). Date If you were employed at the time you began to suffer from ill-health and your employment would have terminated when you reached a particular age or completed a particular period of service, please specify the date on you would reach the age or complete the period of service (as the case may be). Date (If no date is specified, the date on which you turn 65 will be used). 8. Share trading Complete this section only if you have selected shares as an optional feature in section 6b. I wish to trade shares through my Asgard Infinity ewrap Pension Account. Dividend election Cash Reinvest (DRP) Note: If no dividend election is made, the default election of cash will be applied. The dividend election will be applied across all share holdings in your account. Where reinvesting (DRP) is not available for a share or there is a residual cash portion on the DRP, the dividend will be paid into the Cash Account. 4 of 10 Asgard Infinity ewrap Pension Account application

87 9. Transfer details Transfer type OR OR Full Asset Transfer Transfer non-tax paid investments from my existing super/pension account (held with Asgard) to my Asgard Infinity ewrap Pension Account without selling these investments. Note: If you wish to transfer part of the investments held in your super/pension account without selling them down, you need to open your Asgard Infinity ewrap Pension Account online with your financial adviser. Partial $ selldown Transfer $,,. X X from my existing super/pension account (held with Asgard) Note: If you nominate to transfer part of your existing super/pension account, your investments will be sold and transferred as cash to your Asgard Infinity ewrap Pension Account. Full $ selldown Close my existing super/pension account (held with Asgard) and transfer the total balance. Note: If you nominate to transfer all of your existing super/pension account, your investments will be sold and transferred as cash to your Asgard Infinity ewrap Pension Account. Contribution fee Nominate the contribution fee (excluding GST) to apply to the above transfer:. % OR $,. X X Note: A maximum contribution fee of 5.00% applies. If an amount is not specified, the contribution fee will be zero. If you are transferring multiple accounts you will need to open your Infinity ewrap Pension Account online with your financial adviser. The above adviser fee option is for financial advice and related services provided by your financial adviser relating directly to the contributions/deposits made to your account. 10. Pension details Minimum allowable pension * * If your pension account commences on or after 1 June no minimum will be paid for that year. To receive a payment during this period a gross amount will need to be nominated. OR Maximum allowable pension (only applies for Pre-Retirement Pensions) OR Pay me $,. X X gross amount (before tax) to be received each pension payment. This amount must be within your minimum (and maximum for Pre-Retirement Pensions) amount prescribed by legislation. Make my pension payments monthly OR quarterly OR annually Note: Pension payments are paid on or around the 20th day of the relevant month. If the frequency of pension payments is not selected, the pension payments will be made monthly. Pay my pension to the following account: Note: We can only make pension payments to an account that is held in your name or a joint account where you are one of the joint holders. Branch name Branch address Bank account name (name the bank account is held in) BSB number Bank account number Asgard Infinity ewrap Pension Account application 5 of 10

88 11. Commencement date of pension Commencement date of pension (only complete if you are aggregating rollover payments in the super account) Note: If you do not provide a pension commencement date, the commencement date of pension will be the date of receipt of your single rollover. If you do provide a commencement date, you authorise your financial adviser to change this date by notifying us. Where you are transferring some or all of the balance in your existing super/pension account and investments need to be sold, we will start selling those investments on the commencement date provided. In this case, your pension will commence as soon as all sale proceeds are received. 12. Reports and information Send investor reports to (tick one): Investor OR Financial adviser I d like to receive information, special offers and exclusive opportunities about other products or services (including Axis magazine), which may be supplied by the Trustee, other members of the Westpac Group or other preferred providers that the Trustee considers may be of value and interest to me. Yes OR No Note: If you do not tick either box, we will use your information as set out in the privacy statement. 13. Initial deposits Indicate the type of deposit you re making and the contribution fee (excluding GST) that will be deducted from your initial deposit(s) and paid to your adviser. The contribution fee cannot exceed a maximum of 5.00% (excluding GST) of each deposit. If you don t indicate a contribution fee the default will be zero. Rollover details Complete the details below for the initial rollover(s). You must forward the relevant rollover documentation with the initial rollover cheque(s) to us or complete the transfer authority in this booklet if you would like us to manage the transfer. Institution Expected amount $,,. X X Contribution fee. % OR $,,. X X Institution Expected amount $,,. X X Contribution fee. % OR $,,. X X Note: if you are rolling over an internal account and you have included this account in section 9 Transfer details then you do not need to complete this section with the same account. AND/OR Deposit details Amount $,,. X X Deposit type Cheque Direct Debit Contribution fee. % (max 5.0%) OR $,,. X X 6 of 10 Asgard Infinity ewrap Pension Account application

89 13. Initial deposits (continued) This deposit is made up of: Employer Superannuation guarantee (SG) contribution 2 Personal deducted contribution^*2 Personal undeducted contribution *1 Salary sacrifice contribution 2 Additional employer contribution 2 $ $ $ $ $ $ Spouse contribution *1 If depositing via direct debit, complete the direct debit request in this booklet or your employer can make electronic contributions to your account using Employer Online. ^ If you re making a personal deductable contribution, you should provide a valid Personal Tax Deduction Notice with your applicaton form to confirm your intention to claim a tax deduction for this contribution. The Personal Tax Deduction Notice needs to be provided to us before the pension commences, otherwise you will not be able to claim a tax deduction. * We are unable to accept one off member contributions (personal deducted contributions that are not covered by a valid tax deduction notice, personal undeducted and spouse contributions) where it exceeds the allowable cap or you have not supplied us with your TFN. 1 This type of contribution counts towards your non-concessional contributions cap. 2 This type of contribution counts towards your concessional contributions cap. Note: It is your or your adviser s responsibility to monitor your contribution caps. We will not be held responsible for ensuring that you do not exceed your contribution caps. The above adviser fee option is for financial advice and related services provided by your financial adviser relating directly to the contributions/deposits made to your account. Contributions by members aged 65 years or over but under 75 You need to complete the below section if you are 65 or over, but not yet 75 and want to make a contribution (other than a mandatory employer contribution when setting up a new pension account. I declare that I am 65 or over but not yet 75 and have been gainfully employed at least 40 hours in 30 consecutive days in the current financial year. 14. Nominated beneficiaries You can nominate one or more dependants and/or your estate to be paid the balance in your account when you die. For information on who you can nominate and the effect of making a nomination, please refer to the PDS. Please indicate the type of nomination you wish to make: Discretionary nomination Reversionary pension option complete part A below OR Nominated dependants option complete Part B below Note: Please select only one option OR Binding nomination Complete and attach the Binding death benefit nomination form to this application. Note: We cannot accept binding reversionary pension nominations. PART A Reversionary pension option Only complete this section if you wish to nominate a dependant to receive your death benefit in the form of a pension. In the event of my death, I request that the pension be paid to my dependant: Full name Date of birth Gender Male Female Relationship (Please select only one option) Spouse De-facto spouse Child * Interdependency relationship Financial dependant Asgard Infinity ewrap Pension Account application 7 of 10

90 14. Nominated beneficiaries (continued) PART B Nominated dependants option I nominate my estate and/or dependant(s) to receive the specified proportion of my death benefits: Estate/Dependant(s) Allocation Estate AND/OR Dependant 1 Full name % % Relationship (please select only one option) Spouse De-facto spouse Child * Interdependency relationship Financial dependant Dependant 2 Full name % Relationship (please select only one option) Spouse De-facto spouse Child * Interdependency relationship Financial dependant Dependant 3 Full name % Relationship (please select only one option) Spouse De-facto spouse Child * Interdependency relationship Financial dependant Dependant 4 Full name % Relationship (please select only one option) Spouse De-facto spouse Child * Interdependency relationship Financial dependant Your total allocation must total 100% 100% * If one or more of your nominated dependants is a child under 18 years of age and you would like them to be paid a child pension, you need to complete a child pension nomination which must accompany this application. Your financial adviser can download this form from AdviserNET. 15. Adviser s details and declaration (Your financial adviser will complete this section) Mandatory section By completing this section, you (the financial adviser) authorise us to collect, maintain, use and disclose your personal information in the manner set out in our privacy brochure, a copy of which can be obtained free of charge from our Contact Centre. Adviser s company Adviser s name AFS Licensee name AFSL Number Adviser s phone Adviser Address Adviser s code BA 8 of 10 Asgard Infinity ewrap Pension Account application

91 15. Adviser s details and declaration (continued) Declaration by financial adviser I confirm that I have conducted the relevant customer identification procedure as required under AML/CTF Law, and: I have attached the necessary certified proof of identity documents with the application; or I have sighted and retained copies of the necessary certified proof of identity documents as recorded in the Verification procedure table in this booklet. I agree that where my client has agreed adviser fees as part of this account application, this form once properly completed and signed constitutes an agreement between myself, the Trustee and my client and that I am entering into this agreement on my own behalf and, where I am a representative of a dealer group, as agent of the dealer group. Signing this form constitutes a request for payment by and on behalf of my client of agreed adviser fees. I have ensured that my client has agreed to the payment of adviser fees and has signed this form. I represent and warrant that the financial advice and related services for which adviser fees will be deducted from my client s account and paid to myself (or to my dealer group who will receive the payment on my behalf) relate solely to my client s interest in the account to which this form relates. Where adviser fees relate to contributions/deposits made to my client s account, the financial advice and related services provided will relate directly to those contributions/deposits. I represent and warrant that the amount of each agreed adviser fee is, and will be, proper and reasonable in respect of the financial advice and related services that have been, or will be, provided. Record of proof of identity (ID) ID document 1 ID document 2 Verified from Original Original Certified copy Certified copy Document type Document issuer Issue date Expiry date Document number Accredited English translation N/A N/A Date verified Sighted Sighted Signature (financial adviser) Date Dealer stamp Asgard Infinity ewrap Pension Account application 9 of 9

92 16. Declaration Mandatory section I confirm that before this application was signed by me, I was given a copy of the current PDS (as confirmed by my financial adviser) consisting of both Part 1 and Part 2, and any supplementary PDSs, which I have read and understood. I expressly acknowledge the Important information on the contents page of the PDS. I give and make the Investor declarations, conditions and acknowledgments contained in the PDS (refer to the Contents table) and give the Trustee the authorisations referred to in the section Aggregating rollovers and contributions in the How your account works section of the PDS. I confirm all details in this application are true and correct. I agree to receive any communications (including any confirmation of any transaction or dealing, notice of material changes and significant events and other information I may request) details of illiquid investments and documents (including the product disclosure statements for underlying managed investments and periodic reports) which the Trustee is required or permitted to give, or has agreed to give, to me relating to my account via Investor Online, or any other electronic means chosen by the Trustee (and for these purposes, I agree I will be taken to have received the relevant information whether or not I access the information). By signing this Form, I consent to the Trustee deducting and paying agreed adviser fees to my financial adviser (or to their dealer group who will receive the payment on behalf of my financial adviser) from my account on my behalf, as remuneration for financial advice and related services that my financial adviser provides in relation to my account. Signature Date Trustee: BT Funds Management Limited ABN RSE L AFSL Custodian and Administrator: Asgard Capital Management Ltd ABN AFSL Contact Centre PO Box 7241, Cloisters Square WA of 10 Asgard Infinity ewrap Pension Account application

93 ewrap Super/Pension Transfer authority Use this form when you wish to transfer benefits from another superannuation fund into your Asgard Infinity ewrap Super/Pension Account. Please complete this transfer authority in BLOCK LETTERS and post it, along with the Certificate of Compliance, to Asgard, PO Box 7241, Cloisters Square WA Important information: In this form, a reference to your FROM fund means the superannuation fund you are transferring benefits from. Before completing this form, we recommend you ensure that you have adequate insurance arrangements in place before you cancel any existing insurance cover you may have with your FROM fund. If you want to transfer benefits from more than one FROM fund, please use a seperate form for each FROM fund. Original signature is required on each form. You do not need to complete this form if you are transferring your benefits from another Asgard Super/Pension account. Please contact your FROM fund provider to confirm if they have any additional requirements before they can action this transfer authority. If you do not supply all the required information to process your request, please be aware this may delay the actioning of your request with your FROM fund. Privacy laws protect your privacy. Please read our privacy brochure for more information. A copy can be obtained from our website, The completed and signed Transfer Authority needs to be returned to Asgard. Questions? Call the Contact Centre on or ewrap@asgard.com.au 1. Asgard account details Please indicate below the Asgard account that will receive the transfer of super benefits: Asgard account number (if known): Account name: Account type: Asgard Infinity ewrap Super Account Asgard Infinity ewrap Pension Account 2. Your personal details (Mandatory) Title Surname Given names Residential address Postal address (if different from residential address) State Postcode Previous address State Postcode Tax file number (TFN) State Postcode Note: Under the Superannuation Industry (Supervision) Act 1993, you are not obliged to disclose your tax file number, but there may be tax consequences. Transfer Authority 1 of 4

94 2. Your personal details (continued) Gender Date of birth Phone (Home) Male Female Phone (Business) Phone (Mobile) Note: If your personal details have changed, you may need to contact your FROM Fund and update their records before they action this authority. 3. Transfer details (Mandatory) Part A FROM (Transferring fund) I request that the benefits held in the superannuation fund as detailed below be transferred to my account specified in section 1: Product/Superannuation Fund name ABN (mandatory) Unique Superannuation Identifier (U.S.I) Account/membership/policy name Account/membership/policy number Postal address Phone (Business) State Postcode Note: If you have multiple account numbers with this fund, you must complete a separate form for each account you wish to transfer. Part B Amount/benefit to be transferred Entire balance (Your account in the FROM Fund will be closed). Approximate value: OR Partial balance Amount: $ $ Note: A Capital Gains Tax (CGT) liability may arise and be deducted from your benefit prior to the transfer being processed. We recommend you seek taxation advice prior to authorising the transfer. Part C TO (Receiving fund) Please forward cheque made payable to: Asgard Infinity ewrap Super/Pension (Name of member) with related documentation to: Asgard PO Box 7241 Cloisters Square WA 6850 Contact Centre Note: You must check with your TO fund to ensure they can accept this transfer. 2 of 4 Transfer Authority

95 4. Declaration and signature (Mandatory) I request that the trustee of my FROM fund (specified in Part A of section 3) to transfer my superannuation benefits (specified in Part B of section 3) to BT Funds Management Limited ABN (BTFM, thetrustee), as trustee of the Asgard Infinity ewrap Super Account and Asgard Infinity ewrap Pension Account (ABN ). I make the following statements: I declare I have fully read this form and the information I completed is true and correct. I am aware that 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 authorise the trustee of my FROM fund to provide any and all relevant information to the Trustee. I authorise the Trustee to act on my behalf in arranging and receiving information on this transfer. I understand and acknowledge the implications and effects of transferring my benefits from my FROM fund to my Asgard account. I discharge the superannuation provider of my FROM fund of all further liability in respect of the benefits paid and transferred to my Asgard account. 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. Signature Date Full Name Things to consider when transferring your super When you transfer your super, your entitlements under that fund may cease. You need to consider all relevant information before you make a decision to transfer your super. If you ask for information, your super provider must give it to you. Some of the points you may consider are: Fees your FROM fund must give you information about any exit or withdrawal fees. If you are not aware of the fees that may apply, you should contact your fund for further information before completing this form. The fees could include administration fees as well as exit or withdrawal fees. Your TO fund may also charge entry or deposit fees on transfer. Differences in fees funds charge can have a significant effect on what you will have to retire on. For example, a 1% increase in fees may significantly reduce your final benefit. Death and disability benefits your FROM fund may insure you against death, illness or an accident which leaves you unable to return to work. If you choose to leave your current fund, you may lose any insurance entitlements you have. Other funds may not offer insurance or may require you to pass a medical examination before they cover you. When considering a new fund, you may wish to check the costs and amount of any cover offered. Tax file number (TFN) - you are not obligated to provide your TFN to your super fund. However, if you do not provide your TFN, your fund may be taxed at the highest marginal tax rate plus the Medicare levy on contributions made to your account in the year, compared to the concessional tax rate of 15%. Your fund may deduct this additional tax from your account. If your super fund does not have your TFN, you will not be able to make personal contributions to your super account. Choosing to quote your TFN will also make it easier to keep track of super in the future. Under the Superannuation Industry (Supervision) Act 1993, your super 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 TFN may be disclosed to another super provider when your benefits are being transferred, unless you request in writing that your TFN is not disclosed to any other trustee. Note: If you choose not to provide your TFN the transferring fund may ask you to prove your identity. What happens to my future employer contributions? Using this form to transfer your benefits will not change the fund to which your employer pays your contributions and may close the account you are transferring your benefits FROM. If you wish to change the fund into which your contributions are being paid, you will need to speak to your employer about choice. Have you changed your name or signing on behalf of another person? If you have changed your name or are signing on behalf of the applicant, you will need to provide a linking document. A linking document is a document that proves a relationship exists between two (or more) names. The following table contains information about suitable linking documents. Purpose Change of name Signed on behalf of the applicant Suitable linking documents Certified copy of the marriage certificate, deed poll or change of name certificate from the Births, Deaths and Marriages Registration Office. Certified copy of the guardianship papers or Power of Attorney. Transfer Authority 3 of 4

96 Trustee: BT Funds Management Limited ABN RSE L AFSL Custodian and Administrator: Asgard Capital Management Ltd ABN AFSL Contact Centre PO Box 7241, Cloisters Square WA of 4 Transfer Authority

97 We certify that: TO WHOM IT MAY CONCERN CERTIFICATE OF COMPLIANCE 1. The Asgard Superannuation Account (comprising the Asgard Elements Superannuation Account, Asgard Managed Profiles Super Account and Asgard Separately Managed Accounts Funds Super Account), Asgard Employee Superannuation Account, Asgard Allocated Pension Account, Asgard Term Allocated Pension Account, Asgard ewrap Super Account, Asgard ewrap Allocated Pension Account, Asgard Infinity ewrap Super Account, Asgard Infinity ewrap Pension Account, and Asgard ewrap Term Allocated Pension Account (each an account ) are all part of Asgard Independence Plan Division 2 ABN , which is a resident regulated superannuation fund (within the meaning of the Superannuation Industry (Supervision) Act 1993) ( SIS ) and a complying superannuation fund under section 45 of that Act. 2. The Asgard Superannuation Account (including the Asgard Elements Superannuation Account) Superannuation Product Identification Number ( SPIN ) is ASG0002AU. The Asgard Allocated Pension Account (including the Asgard Elements Allocated Pension Account) and Asgard Term Allocated Pension Account (including the Asgard Elements Term Allocated Pension Account) SPIN is ASG0003AU. The Asgard Employee Superannuation Account SPIN is ASG0007AU. The Asgard ewrap Super and Asgard Infinity ewrap Super Account SPIN is ASG0020AU. The Asgard ewrap Allocated Pension Account and Asgard ewrap Term Allocated Pension and Asgard Infinity ewrap Pension Account SPIN is ASG0019AU. 3. The Asgard Rollover Service ( ARS ) ABN is a complying approved deposit fund under section 47 of SIS. The SPIN is ASG0001AU. 4. The Trustee of the ARS is BT Funds Management Limited. 5. None of the accounts have been directed by the Australian Prudential Regulation Authority to cease accepting contributions under section 63 of SIS. 6. Your employer can pay superannuation contributions to the fund by making a cheque payable to Asgard ASA, Elements, AESA, ewrap Super or Infinity ewrap Super (as the case may be) and forwarding the cheque together with the employee name, account number and contribution type to the address below. Or you can provide your employer with an employer contribution remittance advice form which is available from the Contact Centre on Your employer then forwards this form attached with a cheque to: Asgard PO Box 7241, Cloisters Square WA 6850 For and on behalf of the Trustee BT Funds Management Limited BT Funds Management Limited ABN AFSL

98 ewrap Super Choosing your super fund You can generally choose the superannuation fund where you want your future employer contributions to be paid to. You can instruct your employer to pay employer contributions into your new Asgard Infinity ewrap Super Account. You will need to complete a Standard Choice Form available from your employer or the Australian Tax Office website. If you would like to have your SG contributions paid into your Infinity ewrap Super account, all you need to do is complete this form and submit it to your employer. Alternatively, you may choose to complete the Standard Choice form available from your employer or the ATO website. Do NOT send this form to Asgard. Please use CAPITAL letters and tick boxes where provided. Step 1: Employee/member details (Please provide your details here). Please provide your name as it will appear on your account. Title Surname Given names Step 2: Your chosen fund details Account number (if known): Fund name: Infinity ewrap Super Account Fund ABN: SPIN: ASG0020AU Telephone: ewrap@asgard.com.au Step 3: Employers details Employer name Step 3: Employee details I request that all future employer contributions are to be made to the fund specified in Step 2. Employee name Employee number (if applicable) Employee address Signature Date PLEASE GIVE THIS COMPLETED FORM TO YOUR EMPLOYER. DO NOT SEND THIS FORM TO THE TAX OFFICE OR ASGARD Choosing your super fund 1 of 3

99 Methods of payment Instructions for employers There are a number of ways you can make contributions to your employee s account: Payment by cheque The cheque should be made payable to Asgard Infinity ewrap Super Account (Name of investor) and crossed as Non negotiable. Please post the cheque together with the employee name, account number and contribution type to the below address: Asgard PO Box 7241 Cloisters Square WA 6850 Payment by Bpay Each type of contribution has a separate Biller Code for identification purposes. Your employee will need to provide you with their Customer Reference Number. The Biller Codes are: Contribution Type Biller Code Superannuation Guarantee Employer Salary Sacrifice Personal Deducted Personal Undeducted Spouse Registered to Bpay Pty Ltd ABN of 3 Choosing your super fund

100 Certificate of compliance Choosing your super fund We certify that: TO WHOM IT MAY CONCERN CERTIFICATE OF COMPLIANCE 1. The Asgard Superannuation Account (comprising the Asgard Elements Superannuation Account, Asgard Managed Profiles Super Account and Asgard Separately Managed Accounts Funds Super Account), Asgard Employee Superannuation Account, Asgard Allocated Pension Account, Asgard Term Allocated Pension Account, Asgard ewrap Super Account, Asgard ewrap Allocated Pension Account, Asgard Infinity ewrap Super Account, Asgard Infinity ewrap Pension Account, and Asgard ewrap Term Allocated Pension Account (each an account ) are all part of Asgard Independence Plan Division 2 ABN , which is a resident regulated superannuation fund (within the meaning of the Superannuation Industry (Supervision) Act 1993) ( SIS ) and a complying superannuation fund under section 45 of that Act. 2. The Asgard Superannuation Account (including the Asgard Elements Superannuation Account) Superannuation Product Identification Number ( SPIN ) is ASG0002AU. The Asgard Allocated Pension Account (including the Asgard Elements Allocated Pension Account) and Asgard Term Allocated Pension Account (including the Asgard Elements Term Allocated Pension Account) SPIN is ASG0003AU. The Asgard Employee Superannuation Account SPIN is ASG0007AU. The Asgard ewrap Super and Asgard Infinity ewrap Super Account SPIN is ASG0020AU. The Asgard ewrap Allocated Pension Account and Asgard ewrap Term Allocated Pension and Asgard Infinity ewrap Pension Account SPIN is ASG0019AU. 3. The Asgard Rollover Service ( ARS ) ABN is a complying approved deposit fund under section 47 of SIS. The SPIN is ASG0001AU. 4. The Trustee of the ARS is BT Funds Management Limited. 5. None of the accounts have been directed by the Australian Prudential Regulation Authority to cease accepting contributions under section 63 of SIS. 6. Your employer can pay superannuation contributions to the fund by making a cheque payable to Asgard ASA, Elements, AESA, ewrap Super or Infinity ewrap Super (as the case may be) and forwarding the cheque together with the employee name, account number and contribution type to the address below. Or you can provide your employer with an employer contribution remittance advice form which is available from the Contact Centre on Your employer then forwards this form attached with a cheque to: Asgard PO Box 7241, Cloisters Square WA 6850 For and on behalf of the Trustee BT Funds Management Limited BT Funds Management Limited ABN AFSL Choosing your super fund 3 of 3

101

102

103

104

105 A P P A S N N D 0 C V E 3 U I E 1 S E L R I I 1 D E 0 C I N 1 N O N 2 2 G N A D O N 8 A I P 7 O S D 8 T N C E

106 ewrap Super/Pension Direct debit request Complete this form in BLOCK LETTERS and post it to: Asgard, PO Box 7241, Cloisters Square, WA Questions? Call the Contact Centre on Note: Privacy laws protect your privacy. Please read our privacy brochure for more information. A copy can be obtained from the Contact Centre. 1. Asgard account details Account type (tick one only) Super Pension Account number (if known) Account name 2. Australian financial institution account details Provide details of the account which is to be debited: Bank account holder name BSB number Bank account number Name of financial institution Branch name and address State Note: Direct debiting is not available on the full range of accounts. If in doubt, please refer to your financial institution. You can only have one direct debit request for each Asgard account. Postcode 3. Declaration and signature I/We: request Asgard Capital Management Ltd ABN (Asgard), until further notice in writing, to debit my/our account described in section 2, with any amounts which Asgard (User ID number ) may debit or charge me/us through the Bulk Electronic Clearing System. understand and acknowledge that Asgard may, by prior arrangement and advice to me/us, vary the amount or frequency of future debits. agree to the terms of the Direct Debit Request Service Agreement in this booklet. Authorised signatories on the financial institution account specified in section 2 sign here. (If the method of operation is 2 to sign then both signatories need to sign this form). Signature 1 Date Full name Signature 2 (if applicable) Full name Date Direct debit request 1 of 2

107 Direct Debit Request Service Agreement This agreement sets out the terms on which we accept and act under a Direct Debit Request (DDR) you give us to debit amounts from your account under the Bulk Electronic Clearing System (BECS). It is additional to the arrangement under which you make payments to us. Asgard Capital Management Ltd ABN ( we or us ), User ID: Level 38, Central Park 152 St George s Terrace, Perth, WA You have entered or are about to enter into an arrangement under which you make payments to us. You want to make those payments by use of the BECS. Ensure that you keep a copy of this agreement as it sets out certain rights you have against us and certain obligations you have to us due to giving us your DDR. When we are bound by this agreement 1. We agree to be bound by this agreement when we receive your DDR complete with the particulars we need to draw an amount under it. What we agree to and what we can do 2. We only draw money out of your account in accordance with the terms of your DDR. 3. We do not give you a statement of the amounts we draw under your DDR. 4. On giving you at least 14 days notice, we may: change our procedures in this agreement; change the terms of your DDR; or cancel your DDR. 5. You may ask us to: alter the terms of the DDR; defer a payment to be made under your DDR; stop a drawing under your DDR; or cancel your DDR by ing ewrap@asgard.com.au or writing to Contact Centre, PO Box 7241, Cloister Square WA We will require a new direct debit form if you are changing your financial institution or where you have deferred a direct debit for more than three months. 6. You can dispute any amount we draw under your DDR by calling our Contact Centre on ; or ing ewrap.investor.services@asgard.com.au or writing to Contact Centre, PO Box 7241, Cloisters Square WA We deal with any disputes under Clause 6 of this agreement as follows. We and our bank review our respective records. If necessary we contact your financial institution to review its records. We advise you and your financial adviser in writing within two to four weeks, depending on the nature and extent of the dispute, and the measures taken to resolve it. 8. If the day on which you must make any payments to us is not a business day, we will draw on your account under your DDR on the first business day following that day. 9. If your financial institution rejects any of our attempts to draw an amount in accordance with your DDR, we contact you and your financial adviser in writing. After three consecutive rejections we advise you and your financial adviser in writing that you can no longer make payments by direct debit. Should we purchase managed investments on your behalf with the proceeds of the DDR, and your financial institution does not honour the DDR, managed investments may have to be sold. We cannot be held responsible for the effect of this buying and selling. 10. We will not disclose to any person any information you give us on your DDR, which is not generally available, unless: you dispute any amount we draw under your DDR and we need to disclose any information relating to your DDR or to any amount we draw under it to the financial institution at which your account is held or the financial institution which sponsors our use of the BECS or both of them; you consent to that disclosure; or we are required to disclose that information by law. What you should consider 11. Not all accounts held with a financial institution are available to be drawn on under the BECS. 12. Before you complete your DDR, it is best to check account details against a recent statement from your financial institution to ensure the details on your DDR are completed correctly. 13. If you are uncertain when your financial institution processes an amount we draw under your DDR on a day which is not a business day, enquire with your financial institution. 14. It is your responsibility to ensure there are sufficient clear funds available in your account, by the due date on which we draw any amount under your DDR, to enable us to obtain payment in accordance with your DDR. 15. We request you to direct all requests to stop or cancel your DDR to us initially and all enquiries relating to any dispute under Clause 6 of this agreement to us initially or your financial institution. Asgard Capital Management Ltd ABN AFSL Contact Centre PO Box 7241, Cloisters Square WA 6850

108 Binding death benefit nomination New, Confirm or Revoke Please complete this form to make a new, confirm or revoke a binding death benefit nomination. You should also read the What happens when you die? or the Estate planning section in the relevant PDS before completing this form. Complete this form in BLOCK LETTERS and post it to Asgard, PO Box 7241, Cloisters Square WA We cannot accept photocopies or faxes of this form and any amendments must be initialled. Questions? Call the Contact Centre on or asgard.investor.services@asgard.com.au Note: Privacy laws protect your privacy. Read our Privacy Brochure for more information. A copy can be obtained from our website at Information on completing this form Make a new binding death benefit nomination Unless you revoke a binding death benefit nomination, it will remain valid for a period of three years from the date you first signed, last confirmed or amended it. If a binding death benefit nomination ceases to be valid it will not be binding on the Trustee and the Trustee will have the discretion to determine to whom your death benefit is paid, although the nomination will be taken into consideration. You can change or revoke your nomination at any time. Making a new binding death nomination will replace existing binding death benefit nomination. Your current nomination will be revoked upon acceptance of the new binding death nomination. You can only nominate an eligible dependant(s) and/or your estate. An eligible dependant includes: 1. Your spouse (including a person who, although not legally married to you, lives with you on a genuine domestic basis as a couple or in a relationship that is registered under certain state or territory laws, as the case may be), 2. Your child (including an adopted child, a step child or ex-nuptial child including adult children whether or not financial dependant on you), 3. Anyone with whom you have an interdependency relationship at the time of your death (refer to the What happens when you die or the Estate planning section in the relevant PDS for more information), 4. Any other person financially dependent on you at the time of your death. An assessment of whether a person is an eligible dependant at the time your death is based on evidence subsequently supplied to the Trustee. You should ensure that your death benefit nomination is kept up to date as your circumstances change. These circumstances may include divorce, marriage, the birth of a child, the death of a nominated beneficiary and other changes in your personal circumstances. If in doubt, contact your financial adviser. Confirm an existing binding death benefit nomination A binding death benefit nomination can only be confirmed before it expires. If it has expired, you will need to make a new binding death benefit nomination. Once a valid confirmation is received from you, your nomination will be valid for three years from the date the form is signed. You do not need a witness to confirm. Revoke a current binding death benefit nomination If you are revoking your current binding death benefit nomination, you must sign and date the investor declaration section in the presence of two witnesses. Each witness must have turned 18 years of age and neither of them can be a beneficiary under the nomination being revoked. Each witness must also sign and date the witnesses declaration section. You will then no longer have a valid nomination and the revoked nomination will not be taken into consideration by the Trustee when making any death benefit determination. To replace existing binding death benefit nomination, simply make a new binding death nomination. Your current nomination will be revoked upon acceptance of the new binding death nomination. Checklist Ensure the total nomination allocated to your beneficiaries and/or estate equals 100% (otherwise the request will be invalid). Ensure that you have signed and dated this form. If you are making or revoking a binding death benefit nomination, ensure that the form has been signed by two witnesses. Ensure that the beneficiaries have not signed as witnesses. Ensure that your witnesses have signed and dated this form at the same time you signed the form. Binding death benefit nomination 1 of 3

109 1. Nomination details mandatory Please indicate what you d like to do by ticking (3) the appropriate box below. Make a new binding nomination - complete sections 2, 3, 4 and 5. Confirm an existing binding nomination - complete sections 2 and 4 Revoke a current binding nomination - complete sections 2, 4 and 5 2. Account details mandatory Account type (tick one only) Super Account number Pension Date of birth Account name Nominated beneficiaries You can nominate up to five beneficiaries, including your Estate. Please use whole figures when specifying the % of benefit. iyour total nomination must equal 100% iyour request will be invalid if the total nomination (% of benefit) does not equal 100% Full name* of beneficiary Dependant 1 % of benefit % Relationship (Please select only one option) Spouse De-facto spouse Child Interdependency relationship Financial dependant Dependant 2 % Relationship (Please select only one option) Spouse De-facto spouse Child Interdependency relationship Financial dependant Dependant 3 % Relationship (Please select only one option) Spouse De-facto spouse Child Interdependency relationship Financial dependant Dependant 4 % Relationship (Please select only one option) Spouse De-facto spouse Child Interdependency relationship Financial dependant and/or Estate % TOTAL 100% * As appears on birth certificate or driver licence iensure that you and your witnesses have signed and dated the declaration on the next page. 2 of 3 Binding death benefit nomination

110 4. Investor declaration mandatory i If you are making or revoking a binding death benefit nomination, this form must be signed and dated in the presence of two witnesses. ia nominated beneficiary cannot be a witness. I have read the information on completing this form and confirm my nomination indicated under section 1. Nomination details. Signature Date Witnesses declaration - mandatory when making or revoking a binding death benefit nomination imust be signed and dated at the same time the investor declaration is signed. iyour request will be invalid if all three dates are not the same We declare that: We have turned 18 years of age and we are not nominated beneficiaries for this account. This nomination/revocation was signed by the investor in our presence. Witness 1: Full name Signature Date Witness 2: Full name Signature Date Trustee: BT Funds Management Limited ABN RSE L AFSL Custodian and Administrator: Asgard Capital Management Ltd ABN AFSL Contact Centre: PO Box 7241, Cloisters Square WA 6850 Binding death benefit nomination 3 of 3

111 TRUSTEE BT Funds Management Limited ABN , AFSL Level 20, 275 Kent Street Sydney, NSW 2000 ADMINISTRATOR Asgard Capital Management Ltd ABN AFSL CONTACT CENTRE CORRESPONDENCE Asgard PO Box 7241 Cloisters Square WA 6850 AS ex