This Reference Guide provides information about the fees and other costs that apply to your Accumulate Plus account.

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1 This Reference Guide was issued on 30 September The information in this document forms part of the Product Disclosure Statement (PDS) for Accumulate Plus dated 30 September The Reference Guide should be read in conjunction with the PDS and is not intended to be read as a document in its own right. The Reference Guide may be updated at any time. You can download the current PDS or Reference Guide from oursuperfund.com.au/memberbooklets or by calling us on This Reference Guide provides information about the s and other costs that apply to your Accumulate Plus account. In this Reference Guide: Accumulate Plus 1 Additional explanation of s and costs 2 Defined s 2 Administration s 3 s 3 Transaction costs 4 Advice s 5 Tax may also apply 5 We pass our tax concession on to you 5 Changes to s and charges 5 This document shows s and other costs that you may be charged. These s and other costs may be deducted from your money, from the returns on your investment or from the assets of the super entity as a whole. Other s, such as activity s, advice s for personal advice and insurance s, may also be charged but these will depend on the nature of the activity, advice or insurance chosen by you. Taxes, insurance s and other costs relating to insurance are set out in Reference Guide: How super is taxed and Reference Guide: Insurance cover. You should read all the information about s and other costs because it is important to understand their impact on your investment. The s and other costs for each MySuper product offered by the superannuation entity, and each investment option offered by the entity, are set out on page 3. Accumulate Plus Type of Amount (net of GST) How and when paid 1,2 Administration % 0.53% of balance per year (estimated for the 12 months to 30 June 2017), depending on the investment option refer to page 3 for s for particular investment options Fixed of $77.65 per year plus asset-based of 0.17% of balance per year Buy/sell spread Nil t applicable Switching Nil t applicable Exit Nil t applicable Advice s relating to all members investing in a particular MySuper product or investment option Other s and costs Nil Fees (premiums) will apply if you have insurance cover refer to Reference Guide: Insurance cover for premium rate tables Fees for personal advice may apply if you use this feature refer to page 5 for more information Deducted daily from the assets of the option and is reflected in the unit price Fixed of $6.47 deducted from balance monthly in advance; asset-based deducted daily from the assets of the option and reflected in unit price t applicable Deducted from balance monthly in advance Deducted from balance as agreed between you and your adviser Indirect cost ratio Nil t applicable (te: The trustee has determined to include all indirect costs as part of investment s.) 1 The actual s applied will be less than the figures shown above, as any tax concession that the fund is entitled to in relation to these s is passed on to members as reduced administration and investment s refer to page 5. 2 Remember that past costs are not a reliable indicator of future costs.

2 Additional explanation of s and costs Important changes to s and costs disclosure Understanding s and costs associated with investments such as super can be complex. To help make it easier for members to look at the total costs of investment products, the government has introduced new disclosure rules that change the way s and costs for all super funds are shown in PDSs. A key change as part of these new rules is the type of indirect costs that must now be disclosed in a PDS. Indirect costs are generally costs that are not paid directly by you but are still taken into account when we calculate an investment option s unit price and can therefore reduce investment returns. While some indirect costs have been included in PDS disclosure in the past, the new rules require some additional types of costs to be included. As a result, some s and costs shown in the PDS may appear higher, but it s important to keep in mind that there are no new s and actual s and costs have not increased; it is simply a change to what s and costs are disclosed. Comparing s and costs t all super funds pursue the same investment strategies and therefore they may invest in different ways, which means the costs of investing will generally vary between funds. Although all funds must generally calculate and disclose their s and costs under the new rules, there may be differences in the way they are allocated under labels. For example, we disclose all costs (such as management s and custody costs) in our investment, while other funds may include this as part of their indirect cost ratio. To compare the total cost of investing in different super products, considering the total effect of all s will generally be more useful than comparing individual types. Defined s The following s and costs are defined by law and are the only types of s we may charge you for your account. We do not charge all of these defined s to you in relation to your account. For more information about the type and amount of the s and costs that apply to your Accumulate Plus account, refer to the following sections of this Reference Guide. Type of Definition Applies in Accumulate Plus? Administration Buy-sell spread Switching An investment is a that relates to the investment of the fund s assets and includes (a) s in payment for the exercise of care and expertise in the investment of those assets (including performance s), and (b) costs that relate to the investment of fund s assets, other than (i) borrowing costs; and (ii) indirect costs that are not paid out of the fund that the trustee has elected in writing will be treated as indirect costs and not s, incurred by the trustee or in an interposed vehicle or derivative financial product; and (iii) costs that are not otherwise charged as an administration, buy-sell spread, switching, exit, activity, advice or insurance. te: this does not include implicit transaction costs, borrowing costs or property operating costs. An administration is a that relates to the administration or operation of the fund and includes costs that relate to that administration or operation, other than (a) borrowing costs; and (b) indirect costs that are not paid out of the fund that the trustee has elected in writing will be treated as indirect costs and not s, incurred by the trustee or in an interposed vehicle or derivative financial product; and (c) costs that are otherwise charged as an investment, buy-sell spread, switching, exit, activity, advice or insurance. A buy/sell spread is a to recover transaction costs incurred by the trustee in relation to the sale and purchase of the fund s assets. A switching is a to recover the costs of switching all or part of your interest in the fund from one investment option or product to another. Yes, applies to all members refer to page 3 Yes, applies to all members refer to page 3 Exit An exit is a to recover the costs of disposing of all or part of your interests in the fund. Advice s A is an advice if (a) the relates directly to costs incurred by the trustee because of the provision of financial product advice to you by the trustee or another person acting as an employee of, or under an arrangement with, the trustee, and (b) those costs are not otherwise charged as an Yes, applies only if you use this feature refer to page 5 administration, investment, switching, exit, activity or insurance. Activity s A is an activity if (a) the relates to costs incurred by the trustee that are directly related to an activity of the trustee that is engaged in at the request, or with the consent, of a member, or that relates to a member and is required by law, and (b) those costs are not otherwise charged as an administration, investment, buy-sell spread, switching, exit, advice or insurance. Insurance s Indirect cost ratio This relates directly to either or both of (i) insurance premiums paid by the trustee in relation to members, or (ii) costs incurred by the trustee in providing insurance for members (where those costs are not otherwise charged as another type of in this list). The indirect cost ratio (ICR) for an investment option offered by the super entity is the ratio of the total of the indirect costs for the investment option to the total average net assets of the super entity attributed to the investment option. te: A dollar-based deducted directly from your account is not included in the ICR. Yes, premiums apply if you have insurance cover refer to Reference Guide: Insurance cover. (te: The trustee has determined to include all indirect costs as part of investment s.) 2

3 Administration s The administration that applies to your Accumulate Plus account has two components: i) a fixed amount of $6.47 (gross) is deducted from your account in advance at the beginning of each month (totalling $77.65 (gross) per year), and ii) an asset-based of 0.17% (gross) of your account balance per year. This portion of the administration is not deducted directly from your account balance but is deducted from the returns for the investment option. Important note: The actual administration s applied will be less than the gross figures shown above because we pass on our tax concession to you refer to page 5. If you have more than one investment option selected for your account, you can choose the option from which the fixed administration (and any insurance premiums) is deducted. If you don t choose an option or if there are insufficient funds in the option you choose, s and premiums will be deducted according to the trustee s default investment option order (generally from the most conservative investment option first). If required, please call us for more information about the current default order. s The investment that applies to your Accumulate Plus account has two components: i) an investment management component, which includes s paid to the trustee s investment managers and custodian either directly (where assets are managed via a mandate structure) or indirectly (where we invest through an external unit trust), and ii) a component of other investment-related costs, which includes costs such as brokerage, buy/sell spread of unit trust investments, settlement and clearing costs, stamp duty costs, and over-the-counter (OTC) derivative costs. The investment is different for each investment option, as shown in Table 1 below. The investment is not deducted directly from your account balance but is deducted from the returns for the investment option. Due to changes in the fund s strategic asset allocation in March 2017 (i.e. partway through the estimation period), the investment estimates shown below may not be a good indication of ongoing future costs. Estimate of s and costs affecting investment returns Table 1 below gives an estimate of the total gross s and costs, including the asset-based administration and investment, that are deducted from the returns of each investment option. Both components of the investment are estimated based on s and costs paid in the financial year ending 30 June Please note that past costs are not a reliable indicator of future costs. Important notes for Table 1 below: The actual administration and investment s applied will be less than the gross figures shown below because we pass on our tax concession to you refer to page 5. The total estimated s affecting returns column in Table 1 below includes only the s that are deducted from investment returns. The fixed administration that is deducted directly from your account balance (refer to Administration s on this page) is payable in addition to the s shown below. Table 1:Estimate of total s and costs affecting investment returns option Asset-based administration (%pa) Total investment Estimated investment s (%pa) management Other investmentrelated costs Estimated indirect cost ratio (%pa) Total estimated s affecting returns (%pa) (A) (B) = (C) + (D) (E) =A+B+E Diversified investment options Conservative Moderate Balanced (MySuper) Growth Single asset class options Cash Fixed Interest Australian Shares International Shares

4 Transaction costs Transaction costs include custody, brokerage, stamp duty, clearing costs or other charges associated with buying, selling and holding the fund s assets. If the amount payable to acquire an investment exceeds the price for which it would be disposed of at that time, the difference is also a transaction cost. Some transaction costs (such as brokerage) vary depending on trading activity in our investment portfolios. Some transaction costs are already included in the investment and therefore do not represent an additional cost to you. These explicit costs are often the known amounts that may be paid out from the fund to implement a transaction or paid for in other ways, e.g. being netted of against sale proceeds. Other transaction costs are not included in the investment but are included as part of the net purchase or sale price for the underlying asset. These implicit costs will represent an additional cost to you. The trustee does not currently charge a buy/sell for any of our investment options, so no portion of the total transaction costs are recoverable in this way. Table 2 below shows the total estimated transaction costs, including those that are already included in the investment and those that are not. All costs are calculated based on costs paid in the financial year ending 30 June 2017 and expressed as a percentage of the value of the investment option. The figures include the net effect of GST but exclude any tax concession passed on to members (refer to page 5). Please note that past costs are not a reliable indicator of future costs. Borrowing costs The borrowing costs included in Table 2 below include all costs of borrowing such as interest, legal s and other related costs for the fund s Real Assets investments (property and infrastructure). These costs are deducted at least monthly from the relevant option s unit price and will represent an additional cost to you. Additional property operating costs Property operating costs relate to the management of property assets and may include costs such as council and water rates, utilities, lease renewal costs, security, elevator and air conditioning maintenance and general property management costs. These costs are excluded from the investment s and transaction costs in Table 1 (page 3) and Table 2 (below) respectively. An estimate of the total property operating costs is shown in Table 3 below. A portion of these costs will have no impact to you as some costs are paid by the tenants of the property. Costs that are not recoverable from tenants are deducted at least monthly from the relevant option s unit price and will represent an additional cost to you. te: Property operating costs only apply to the fund s investment options that have an asset allocation to the fund s Real Assets investments. Table 3: Estimate of total property operating costs option Estimated total property operating costs (%pa gross) Conservative 0.09 Moderate 0.18 Balanced 0.26 Growth 0.29 Table 2: Estimate of total transaction costs and borrowing costs Estimated transaction costs (%pa gross) option Total Costs included in Costs not included in = + costs investment investment Diversified investment options Estimated borrowing costs (%pa gross) Costs not included in investment Conservative Moderate Balanced Growth Single asset class options Cash n/a Fixed Interest n/a Australian Shares n/a International Shares n/a 4

5 Advice s In Accumulate Plus, advice s for financial advice may apply if you make use of this feature, for example in the following circumstances: You may receive super-related advice provided by the Advice Essentials team of Commonwealth Financial Planning Limited (ABN , AFSL ). As part of the services we offer to members, we have arranged for this specialist team of financial advisers to provide advice to you over the phone about your Accumulate Plus account. A does not apply if you use this service for advice relating to investment options, super contributions or insurance cover within your Accumulate Plus account. A may apply if advice is provided outside this scope, in which case the adviser will let you know beforehand and you can elect for us to pay this to Advice Essentials and deduct the amount from your Accumulate Plus account balance (see below). If you would like to talk to one of these advisers, simply call us on and ask to speak with the Advice team. If you receive financial advice from a licensed financial adviser of your choice in relation to your Accumulate Plus account, or if a applies for any advice you may receive from the Advice Essentials team above, you may elect for us to pay the (which you agree with your adviser) to your adviser and to deduct the amount from your Accumulate Plus account balance. This advice will only be deducted from your account upon agreement from you and your financial adviser, which you can do by completing our Request to pay advice form (available from oursuperfund.com.au/forms). The payment of an advice will be deducted from your account effective the first business day on or after the 5th day of each month. A limit of one advice payment can be deducted from your account in a 12-month period and the maximum payment amount of the advice is $5,000 (including GST). The payment of any advice cannot reduce your Accumulate Plus account balance below $1,500. te: We do not supervise, and we are not responsible for, the provision of financial advice services by your selected financial adviser. The cost of financial advice that does not relate to your Accumulate Plus account cannot be deducted from that account. Tax may also apply Depending on your circumstances, tax may also apply to lump sum withdrawals or death benefits paid from your Accumulate Plus account. For more information, you should refer to the Tax chapter of the PDS or Reference Guide: How super is taxed (available from oursuperfund.com.au/memberbooklets). We pass our tax concession on to you The fund is entitled to a tax concession on the gross administration s, investment s and insurance premiums that we pay to our service providers. We pass the benefit of this tax concession on to members by reducing the s and insurance premiums that you pay. Fees and premiums will generally be shown as the gross amount in the PDS and Reference Guides, therefore the actual amount that you pay (i.e. the net amount after the tax concession is applied) will be less than the figures shown. This may also apply to an advice we may pay at your request. On your benefit statement and in some other documents, you may see both the gross and net figures reflected for s and insurance premiums. Changes to s and charges We strive to keep our s as low as possible to help you save more for your retirement. From time to time, we may increase or decrease our s as the cost of running the fund varies. We may vary s and charges without your consent but if a increases or a new is introduced, we will give you advance notice within the time period specified by law, which is generally 30 days before the change is to take effect. We reserve the right to increase all s or introduce a new at our discretion. Fee increases are never a welcome change but we are confident in committing to you that our member s are only used to manage the fund in the best interests of all members. Commonwealth Bank Group Super Accumulate Plus and Retirement Access members oursuperfund.com.au from 8am to 7pm (AEST) Monday to Friday oursuperfund@cba.com.au GPO Box 4758, Sydney NSW 2001 (02) This Reference Guide was prepared and issued by Commonwealth Bank Officers Superannuation Corporation Pty Limited (the trustee) (ABN , AFSL ) as trustee of Commonwealth Bank Group Super (the fund) (ABN SPIN OSF0001AU). The information in this Reference Guide may change from time to time. If a change is not materially adverse, we may issue an update on our website or provide details through a member newsletter or annual report. The most current PDS, Reference Guides or any written updates are available free of charge from oursuperfund.com.au/memberbooklets or by calling us on The information is general information only and does not take into account your individual objectives, financial situation or needs. You should consider the information contained in the PDS and this Reference Guide and its appropriateness, having regard to your own objectives, financial situation and needs, before making a decision about whether to acquire or continue to hold the product. The PDS is available and can be obtained from oursuperfund.com.au/member booklets or by calling us on You should seek professional advice tailored to your personal circumstances from a licensed financial adviser. GroupSuper/1210/0917 5