Toyota Australia Superannuation Plan. Your Pension Guide. Product Disclosure Statement ISSUED: 1 OCTOBER 2015

Transcription

1 Toyota Australia Superannuation Plan Your Pension Guide Product Disclosure Statement ISSUED: 1 OCTOBER 2015

2 Contents Introducing your pension 1 How your pension works 3 Investing your pension 8 Tax and your pension 16 Fees and other costs 17 What you need to know 22 Application forms 24 How to contact us Back cover ii Product Disclosure Statement This booklet, Your Pension Guide, is the Product Disclosure Statement (PDS) for the Pension Section of the Toyota Australia Superannuation Plan (the Plan). This booklet describes the features of the pension options that are available to members of the Plan based on the Trust Deed (the legal document that governs the Plan). If there are any differences between the information provided in this booklet and the Trust Deed, then the Trust Deed is the final authority. The information provided is general information only and does not take into account your particular objectives, financial circumstances or needs. Any examples included are for illustration only and are not intended to be recommendations or preferred courses of action. It is not personal or tax advice. You should consider obtaining professional advice about your particular circumstances before making any financial or investment decisions based on the information contained in this document. Information contained in this document that is not materially adverse may be updated if it changes. Updated information can be obtained free of charge on request by contacting the Super Hotline on Issued by Toyota Australia Superannuation Plan Pty Ltd ABN , AFSL No , as Trustee of the Toyota Australia Superannuation Plan ABN

3 Introducing your pension While the Plan helps you to save for your retirement, it can also provide you with a regular income when you are nearing, or have reached, retirement. The pension options (also known as account-based pensions) offer you flexibility and control over your super savings you choose the investment options for your savings and the amount you would like to receive each month. The Plan offers two tax-effective and flexible pension options that allow you to receive a monthly income while a balance remains in your account. A summary of the key differences between the options is included in the table. Eligibility Retirement Pension When you retire from age 55 (provided you have reached your preservation age). Transition Pension While you re still working, provided you have reached your preservation age (refer to page 3). Initial investment There is no minimum required. There is no minimum required; you just need to leave at least $5,000 in your current Plan account. Withdrawals You can make lump sum withdrawals. Generally no, although there are some exceptions. Voluntary contributions Once you have started a Retirement Pension you cannot make further contributions to it. You can start a new Retirement Pension but you must have remained a member of the Plan. You can continue making contributions to the super section of the Plan while you remain employed. You cannot make further contributions to the Transition Pension, but you can start a new Transition Pension. Insurance cover Your standard insurance cover in the Plan will stop when you retire. You have the option to continue your death and terminal illness insurance via a personal policy without providing evidence of good health if you retire and are under age 60 (conditions apply) or it will continue automatically if you join the Plan s Retained Benefit Section. Any total and permanent disablement insurance will cease when you retire. Your insurance cover in the super section of the Plan will provide benefits while you remain employed (subject to the insurer s conditions). More information on the pension options can be found on pages 3 to 5. 1

4 Joining the Pension Section Joining is easy! Just follow these simple steps: Read this document carefully to learn about the options and features available to you. Consider your pension choices: i i Your pension type Retirement or Transition. i i The amount of your income payments. i i Your investment choices. iyour i beneficiaries. Once you have made your pension choices, complete and return the forms at the back of this booklet including the: i i Application for Membership Pension Section; i i Nominating your beneficiaries form; i i Providing your tax file number form; and i i Rollover form. Understanding your membership There are certain risks associated with membership of the Plan. There are also risks associated with electing to receive your retirement benefit as a pension. For details on investment risk, refer to page 15. Some of the risks associated with membership of the Plan are common to all pension funds. For example, there is the risk that the Plan will close or wind up. If that were to happen, the Trust Deed determines how the Trustee must act. Changes are frequently made to superannuation law, which may affect a member s ability to access their superannuation benefits. Changes can also occur to the taxation of superannuation or income, which may affect the value of your superannuation benefits or the net pension benefit paid. Pension risks Some of the risks associated with choosing to receive part or all of your benefit as a pension include: i i The risk that your money may run out. There is no guaranteed payment period for the pension payments; i i The risk that any negative investment returns earned by your chosen investment option will reduce your account balance; i i The risk that the pension payments you elect to receive may not keep pace with inflation; i i The risk that the pension payable from the Plan may not be the most appropriate type of pension for your needs. You should note that the Plan s pension is not an exempt income stream, which may impact your eligibility for the age pension or other Centrelink benefits; and i i The risk that a more valuable pension may be available by using your lump sum benefit to purchase a pension or annuity from an external provider. You should consider these risks carefully, and, if necessary, obtain professional financial advice, to ensure that receiving your benefit as a pension is the best choice for you. Cooling-off period After you elect to receive a pension from the Plan, you will be sent a letter confirming the details of your pension payments. You have 14 days from receipt of this letter to check that the pension meets your needs. This is referred to as the cooling-off period. During this period, you can choose to cancel your pension and receive all of your benefit as a lump sum. If you wish to cancel your pension, you must let the Administrator know in writing within this cooling-off period. See the back cover for contact details. You must also send the Administrator details of how you would like your lump sum benefit to be paid. There are no fees for cancelling your pension, but any taxes required to be paid on your lump sum benefit will be deducted. If you purchased a Transition Pension, the amount will be transferred back to your previous section of the Plan. 2

5 How your pension works Before making your decision to leave all or part of your lump sum superannuation savings in a pension, you should seek professional advice from a licensed financial adviser. The Retirement Pension Eligibility for the Retirement Pension To be eligible for the Retirement Pension (also called an account-based pension), you must be at least age 55 and your Plan benefit must be available to you as cash at the time you purchase your pension. This means none of your benefit that you are transferring to your pension can be subject to preservation or be a restricted non-preserved amount. Generally, this means that you must have: i i Permanently retired from the workforce and are over your preservation age; ii Ceased working for Toyota on or after age 60; ii Reached age 65 whether working or not; or i i Become permanently incapacitated. Your preservation age is determined by your date of birth as shown in the following table: Date of birth Preservation age Before 1 July July 1960 to 30 June July 1961 to 30 June July 1962 to 30 June July 1963 to 30 June After 30 June The minimum amount you can invest in your Retirement Pension There is no minimum amount required to start a Retirement Pension. Once your pension commences, you cannot add extra contributions; however, you can start a new pension if you wish. When any of your Pension Account balances fall below $1,000, any remaining amount in your account will be paid to you in full as the final monthly pension amount and that account will be closed. Choosing your income amount You choose how much income you would like to receive each year; however, the amount is subject to Government-set limits. The amount of income you receive will depend on how much money you are investing and how your account balance is invested. The Government sets a minimum amount of income that must be drawn from an account-based pension in any one year. Age at 1 July Minimum yearly percentage (as a percentage of your account balance at 1 July) Under 65 4% % % % % % % Lump sum withdrawals You are able to make lump sum withdrawals from your Retirement Pension at any time, subject to you having been paid a minimum amount as calculated under the super legislation. Lump sum withdrawals cannot generally be made from the Transition Pension. See page 18 for information about the fees that apply. Withdrawal requests must be in writing and directed to the Administrator. Please ensure the request is signed, dated and current contact details are provided. Lump sum withdrawals are only payable to the member. 3

6 Calculating your income limits To calculate the minimum payment amount you can receive from your Retirement Pension each year, simply take your account balance at the date your pension starts and multiply it by the minimum yearly percentage based on your age (shown in the table on page 3). If, during the first year, you commence your pension after 1 July, the minimum amount is pro-rated to take account of the remaining period to the following 30 June. No minimum applies in the first year if you start your pension after 1 June. MINIMUM annual income* = Account balance x minimum yearly percentage based on your age * These annual amounts are rounded to the nearest $10. For example: Calculating a Retirement Pension Greg is age 66 and is retiring. He has $250,000 in his Pension Account. Using the table on page 3, we see: The minimum annual payment Greg can receive if his pension starts on 1 July is: $250,000 X 5% = $12,500 per year* (or $1,042 per month) * These annual amounts are rounded to the nearest $10. How your income is paid You will receive a monthly income while you have a positive account balance. This amount is transferred from your Pension Account and paid directly into your nominated bank account on or around the 15th of the month. Pay As You Go (PAYG) tax will be deducted from your monthly payment automatically until you reach age 60. You will receive a PAYG summary each year outlining the tax paid. Tax is not payable if you are over age 60. Rollovers You may wish to consider consolidating your super before commencing a pension with the Plan. You can transfer other super benefits you have into the Pension section. These transfers must be in your name. Any amount you roll over after your initial Retirement Pension has started will be treated as a new pension. A separate application form will need to be completed and a separate Pension Account will be set up in your name. Any of these additional accounts will be charged the current applicable fees that apply to the original pension you purchased. For information on fees and charges refer to page 17. To transfer a benefit into the Plan, please complete the Rollover form provided at the back of this booklet and return it to the Administrator. Insurance cover No insurance cover is provided with a Retirement Pension. In the event of your death, your beneficiaries will receive the balance of your Pension Account at the time of payment. See page 6. Changing your income level While you must nominate an income amount at the beginning of each financial year, you can make changes at any time, provided you remain within the prescribed annual limits. To change your income level you must write to the Plan Administrator (see contact details on the back cover). 4

7 The Transition Pension Eligibility for the Transition Pension To be eligible for the Transition Pension, you must be at or over your preservation age (see page 3). You must retain a minimum benefit in your existing super account to meet ongoing administration, insurance and other fees. The amount differs depending on whether you are an Accumulation or Defined Benefit member see to the right. Amounts that you cannot access as a lump sum because they are preserved can be paid out as a Transition Pension. To find out your current non-preserved and preserved amounts, contact the Super Hotline on Once you permanently retire from the workforce, or reach age 65, or resign from Toyota after age 60, you will no longer be eligible for a Transition Pension. You will, however, be able to continue your Transition Pension as a Retirement Pension. Alternatively, you can transfer your benefit to another super fund or take your pension in full as cash. If you are continuing to work at Toyota and are under age 60, you can convert your Transition Pension back to its prior defined benefit or accumulation form (as applicable), but you cannot generally take the amount as cash. How a Transition Pension affects your current Plan benefit If you are an Accumulation member (including a previous Defined Benefit member who transferred to the Accumulation section in 1999), you can transfer any amount of your vested benefit to the Transition Pension provided you keep $5,000 in your super Plan account. Your current super benefit will then be reduced by the amount transferred. If you are a Defined Benefit member, you can transfer your additional accumulation accounts and part of your accrued defined benefit amount to the Transition Pension. Transferring all or part of your accumulation balances will reduce those balances by the same amount. If you elect to transfer any of your defined benefit amount to the Transition Pension, your accrued defined benefits (including your early retirement, resignation, death, total and permanent disablement (TPD) and retrenchment benefits) will be reduced to reflect the transfer. To remain a Defined Benefit member you must retain at least 10% of your current defined benefit in defined benefit form. Any underlying minimum benefits (for example your resignation and Superannuation Guarantee minimums where applicable) will also be reduced. After transferring some of your super benefit to the Transition Pension, you will continue to accrue super in the future as you had prior to the transfer. That is, if you were an Accumulation member, you will continue to receive super contributions from Toyota as per previous arrangements which will accumulate in accounts in your name. If you were a Defined Benefit member and you retained at least 10% of your defined benefit, you will continue to accrue a defined benefit multiple as per your previous arrangement. Further information on how a transfer affects your current benefit is available on request from the Super Hotline on Calculating your income limits If you have a Transition Pension, your annual income amount is subject to: ia i minimum yearly percentage depending on your age (see the table on page 3); and ia i maximum yearly limit of 10% of your account balance on commencement of your pension or at 1 July each year. Insurance cover For example: Calculating a Transition Pension Mark is aged 57 at 1 July. He has a Transition Pension with an account balance of $92,000. Using the table on page 3 The minimum annual payment Mark can receive is: $92,000 X 4% = $3,680 per year (or $307 per month) The maximum annual payment Mark can receive is: $92,000 X 10% = $9,200 per year (or $767 per month) Mark can choose to receive an annual income amount of between $3,680 and $9,200 (or between $307 and $767 per month) from his Transition Pension. No insurance cover is provided with the Transition Pension. However, your insurance cover (if any) in the Plan will continue as long as you have a super account in the Plan. See the Product Disclosure Statement or Insurance Guide relevant to your membership category for details and conditions of your insurance cover. 5

8 Nominating your beneficiaries Who is a beneficiary? Nominated beneficiaries must be your dependants or legal personal representative. Your dependants are: i i Your spouse (including de facto or same-sex spouse); i i Your children (including step, adopted or ex-nuptial children, or children of your spouse); i i Any other person with whom you have, in the opinion of the Trustee, an interdependency relationship ; or i i Any other person who the Trustee may, in its absolute discretion, determine to be dependent on you either wholly or in part or to have a right to look to you for support at the date of your death. If none of the above mentioned beneficiaries can be located, the Trustee may pay your benefit to your legal personal representative upon production of probate or letters of administration. Two people have an interdependency relationship if they satisfy all of the following criteria: i i They have a close personal relationship; i i They live together; i i One, or each of them, provides the other with financial support; and i i One, or each of them, provides the other with domestic support and personal care. An interdependency relationship also exists where there is a close personal relationship and either or both people suffer from a physical, intellectual, or psychiatric disability. In these circumstances, you don t have to be living together or provide financial support, domestic support, and personal care. The law includes matters that the Trustee must consider in deciding whether an interdependency relationship exists. If the Trustee determines that no dependants or legal personal representative can be found, your benefit may be paid to another person (e.g. a relative) in accordance with superannuation law. Reversionary beneficiary Before your Retirement or Transition Pension starts, you may nominate one or more of your dependants to continue to receive any remaining pension after your death. The nominated person is called a reversionary beneficiary. The Trustee is bound by this nomination. You can make a revisionary beneficiary nomination by completing the relevant section in the Application for Membership Pension Section form. In the event of your death, the Trustee will pay the balance of your Pension Account to your reversionary beneficiary as a regular payment. The nominated person will not be able to nominate a further reversionary beneficiary; however, he or she has the option to take the pension as a lump sum following your death. If the nominated person dies before you, your nomination will be automatically cancelled. If the pension becomes payable to the nominated person following your death, then the nominated person dies, the account balance is payable to their dependants or legal personal representative. Other beneficiaries You can choose to have your Pension Account paid to your dependants or legal personal representative. Your legal personal representative means the executor of your Will or the administrator of your estate if you do not have a Will. If you have not nominated a reversionary beneficiary or made a binding nomination, or if for any reason the Trustee cannot make a payment to a nominated reversionary beneficiary, the balance of your Pension Account will be paid as a lump sum to your dependants or legal personal representative, or as allowed by super law, as decided by the Trustee. The Trustee is bound by trust law (and not your Will) and must undertake a careful examination of your personal situation in the event of a death claim to ensure the correct person(s) is/are paid any entitlement. 6

9 How to nominate your beneficiaries The Plan offers you a choice of binding or non-binding nominations for your pension account. The key differences between a binding and non-binding nomination are: Binding nomination Valid for a maximum of three years. Your nomination must be witnessed by two people. Trustee is obliged to follow your nomination (provided it is valid at the time of your death). Non-binding nomination No expiry date. No witnesses are required. Your nomination is used as a guide. The Trustee is not bound by your nomination. Non-binding nominations To make a non-binding nomination, you should complete the relevant section of the Nominating your beneficiaries form. You can update this nomination at any time (e.g. if you marry or have children). If your nomination is non-binding, the Trustee will take note of your wishes but is not bound by them. You can request additional copies of the form from the Super Hotline on Binding nominations A binding nomination obliges the Trustee to pay your pension account according to your stated wishes (provided it is valid at the time of your death). It is your responsibility to update your nomination every three years, or more often if your personal circumstances change. To make a binding nomination, you need to have it witnessed by two people. Your witnesses must be at least 18 years old and must not be nominated as beneficiaries. Your witnesses must see you signing the Nominating your beneficiaries form and must sign and date the form at the same time you do. You must ensure you allocate the total share of your pension amount. If the percentages do not add up to 100%, your nomination will be invalid. 7

10 Investing your pension The Plan provides you with the option to choose how you would like to invest your pension. This section provides some background information about investing your pension and the investment options available to you. Making your investment choice The Plan offers you the choice of four investment options. Investment options ii Pension Aggressive ii Pension Growth ii Pension Moderate ii Pension Cash Detailed information about these options, including their investment objectives and asset allocations are listed in the tables on pages 11 to 14. If you do not want to make an investment choice, your Pension Account will be invested in Pension Growth, which is the default option. You can choose to invest your pension in one option or a combination of up to three options as long as the total equals 100%. If you split your Pension Account between options, the split must be in multiples of 10% and the total must equal 100% (e.g. 10% Pension Cash, 80% Pension Growth and 10% Pension Moderate). If you choose more than one investment option, you can drawdown your Pension Account from either all three, just two, or only a single option. If you do not make a choice, your payments will be made proportionally from all investment options. If there is not enough money in your chosen investment option(s) for a payment to be made, your selection will revert to the other investment option(s) you chose. To make your selection, you simply need to complete the Application for Membership Pension Section and return it as directed. If you would like to learn more about what to consider when making your investment choice, refer to the Member Investment Choice Guide which is available by calling the Super Hotline on or can be downloaded from 8

11 Changing your investment choice You can change your investment choice at any time. This is also known as switching. When you switch, the balance of your Pension Account will be invested in the new investment option(s) that you have chosen in the proportions you selected. You are provided with one free switch per financial year. For subsequent switches, a fee will apply (see page 18). Any switching requests will be processed on the day the switching request is received by the Administrator, using the next available buy and sell unit prices applicable to the investment option(s). You will be sent confirmation once the switch is processed. To change your investment choice, simply complete a Changing your investment options Pension Section form available by calling the Super Hotline on and return it as directed. Your investment purchases units Your Pension Account will be invested into holdings of units in your chosen investment option(s). The number of units you will receive is the dollar amount of your initial Pension Account allocated to that option, divided by the current buy price of the option you have selected. Net investment earnings (whether positive or negative) will be applied to your account via changes in the option s sell unit price. If the net investment earnings for the option are positive, the unit price will increase. If the net investment earnings are negative, the unit price will decrease. The net investment earnings rate for a given period can be determined as the increase (if a positive return) or decrease (if a negative return) in the sell unit prices from the start to the end of the period. For example: When you first invest in an option the sell unit price is $1.00 and if one year later the unit price has risen to $1.10, the net investment return would be 10%. If however, the unit price dropped from $1.00 to $0.90, then the net investment return would be -10%, i.e. a loss of 10%. More information about unit prices is included in the Member Investment Choice Guide which is available by calling the Super Hotline on Investment performance Details of the performance of the Plan s investment options can be found in the Trustee Report. For a copy, go to www. toyotasuper. com.au; click on Documents then Trustee Reports. Copies can also be requested from the Super Hotline on Socially responsible investments The Trustee has outsourced the selection and appointment of investment managers to an implemented consultant, JANA Investment Advisers, which manages the Trustee s investments on its behalf. The Trustee itself does not take into account governance, environmental or social considerations in the investment process. JANA includes analysis of the extent to which any new manager appointed includes governance, environmental or social considerations in the investment process as well as the manager s general philosophy towards these considerations when selecting, retaining or realising the Plan s investments. 9

12 Your investment choices at a glance Each investment option has different investment objectives, volatility and return expectations. The options that are expected to produce higher returns in the long term will generally have increased volatility in the short term. When selecting an investment option, you need to understand the volatility and return characteristics of the investment option and align them with your personal investment objectives. Your own objectives will be formed by considering such questions as: ii ii ii ii How tolerant are you of investment volatility? What is your time horizon for investing? What would a large negative return do to your retirement plans? If you are close to retirement, will you need to start spending your super straight away? Establishing your own personal investment objectives should make the task of selecting an investment option much easier. You should be aware that small differences in returns can have a major impact on your savings. For example, a 1% improvement to your investment return each year can increase the value of your super by around 25% over a 30-year period. This section provides a significant amount of information to enable you to compare and contrast the Plan s investment options. As always, you are encouraged to get your own independent financial advice when you are making important decisions about your super. The Plan s investments are managed by professional investment managers with the assistance of their investment advisor, JANA (JANA is responsible for manager selection). These managers, and their products, are reviewed regularly by the Trustee and may be changed from time to time without prior notice to, or consent from, members. The Trustee may also alter or close investment options or introduce new options. You will be advised in advance if a significant change to an option is made. 10

13 Pension Aggressive Suitable for More likely to suit members with an investment horizon greater than 10 years, as there will be fluctuations in capital values over the medium term. Objectives ii ii ii The long-term investment objective of this investment option is to achieve returns after fees that exceed CPI increases by at least 6.0% p.a. over rolling five year periods. On a rolling three and five year basis, a rate of return above a composite based on the benchmark allocation of the underlying SuperRatings High Growth Survey median adjusted for fees will be sought. On a rolling three-year basis, outperformance will be sought relative to the notional return on a benchmark portfolio designed to reflect the risk profile according to which the assets are invested. Benchmark asset allocation and ranges 11% [0-30%] May also invest in: Diversified fixed interest [0-20%] Defensive alternatives [0-15%] Cash [0-15%] 10% [0-20%] 33% [15-45%] 46% [30-60%] Australian shares International shares Property Growth alternatives Diversified fixed interest Defensive alternatives Cash Minimum suggested investment period At least 10 years. Likelihood of a negative return in any 20 year period* 4 to 6 years out of every 20 years. Volatility level* High very low very high Note: the information about suitability of a particular option is general in nature. It is not intended to be a recommendation or statement of opinion in relation to any particular option. Members are encouraged to seek their own advice if they are uncertain as to which option might be most appropriate for them. * The volatility level shown is based on industry guidance to allow members to compare investment options that are expected to deliver a similar number of negative annual returns over any 20 year period. It is based on the Standard Risk Measure developed by the industry and is not a complete assessment of all forms of investment risk, for instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than a member may require to meet their objectives. Further, it does not take into account the impact of administration fees and tax on the likelihood of a negative return. Members should still ensure they are comfortable with the range of risks and potential losses and gains associated with their chosen investment options. Expected investment returns Long-term expected return 9.9% p.a. Likely range of one year returns -20% -10% 0% 10% 20% 30% 40% Likely range of 20 year average returns (p.a.) -20% -10% 0% 10% 20% 30% 40% The investment mix of an option will determine how much its returns vary in the short-term (say one year). Over the long-term, returns from an option will vary, possibly quite widely. The tables above indicate the likely range of investment returns (expected in 90% of cases) over a one year period and over a 20 year period and the option s long term expected average return. These figures are based on best estimate assumptions, are only illustrative, and are not guarantees nor predictions of what will occur. 11

14 Pension Growth Suitable for Members seeking medium to high growth. There will be fluctuations in capital values over the short to medium term. Objectives ii ii ii The long-term investment objective of this investment option is to achieve returns after fees that exceed CPI increases by at least 4.5% p.a. over rolling five year periods. On a rolling three and five year basis, a rate of return above the median of the SuperRatings Balanced Option Survey of diversified superannuation funds will be sought. On a rolling three-year basis, outperformance will be sought relative to the notional return on a benchmark portfolio designed to reflect the risk profile according to which the assets are invested. Benchmark asset allocation and ranges 12% [0-30%] 18% [0-40%] 16% [0-30%] 10% [0-20%] 26% [10-40%] 18% [5-35%] May also invest in: Cash [0-25%] Australian shares International shares Property Growth alternatives Diversified fixed interest Defensive alternatives Cash Minimum suggested investment period Likelihood of a negative return in any 20 year period* At least 5 years. 3 to 4 years out of every 20 years. Volatility level* Medium to High very low very high Note: the information about suitability of a particular option is general in nature. It is not intended to be a recommendation or statement of opinion in relation to any particular option. Members are encouraged to seek their own advice if they are uncertain as to which option might be most appropriate for them. * The volatility level shown is based on industry guidance to allow members to compare investment options that are expected to deliver a similar number of negative annual returns over any 20 year period. It is based on the Standard Risk Measure developed by the industry and is not a complete assessment of all forms of investment risk, for instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than a member may require to meet their objectives. Further, it does not take into account the impact of administration fees and tax on the likelihood of a negative return. Members should still ensure they are comfortable with the range of risks and potential losses and gains associated with their chosen investment options. Expected investment returns Long-term expected return 8.7% p.a. Likely range of one year returns Likely range of 20 year average returns (p.a.) -20% -10% 0% 10% 20% 30% 40% -20% -10% 0% 10% 20% 30% 40% The investment mix of an option will determine how much its returns vary in the short-term (say one year). Over the long-term, returns from an option will vary, possibly quite widely. The tables above indicate the likely range of investment returns (expected in 90% of cases) over a one year period and over a 20 year period and the option s long term expected average return. These figures are based on best estimate assumptions, are only illustrative, and are not guarantees nor predictions of what will occur. 12

15 Pension Moderate Suitable for Members willing to accept lower returns with lower risk. Capital fluctuations will occur in the short term. Objectives ii ii ii The long-term investment objective of this investment option is to achieve returns after fees that exceed CPI increases by at least 3.0% p.a. over rolling five year periods. On a rolling three and five year basis, a rate of return above the median of the SuperRatings Stable Options Survey of diversified superannuation funds will be sought. On a rolling three-year basis, outperformance will be sought relative to the notional return on a benchmark portfolio designed to reflect the risk profile according to which the assets are invested. Benchmark asset allocation and ranges 13% [0-30%] 10% [0-40%] 47% [0-60%] 10% [0-20%] 7% [0-20%] 8% [0-20%] 5% [0-15%] Australian shares International shares Property Growth alternatives Diversified fixed interest Defensive alternatives Cash Minimum suggested investment period At least 1 or 2 years. Likelihood of a negative return in any 20 year period* 1 or 2 years out of every 20 years. Volatility level* Low to Medium very low very high Note: the information about suitability of a particular option is general in nature. It is not intended to be a recommendation or statement of opinion in relation to any particular option. Members are encouraged to seek their own advice if they are uncertain as to which option might be most appropriate for them. * The volatility level shown is based on industry guidance to allow members to compare investment options that are expected to deliver a similar number of negative annual returns over any 20 year period. It is based on the Standard Risk Measure developed by the industry and is not a complete assessment of all forms of investment risk, for instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than a member may require to meet their objectives. Further, it does not take into account the impact of administration fees and tax on the likelihood of a negative return. Members should still ensure they are comfortable with the range of risks and potential losses and gains associated with their chosen investment options. Expected investment returns Long-term expected return 7.1% p.a. Likely range of one year returns Likely range of 20 year average returns (p.a.) -20% -10% 0% 10% 20% 30% 40% -20% -10% 0% 10% 20% 30% 40% The investment mix of an option will determine how much its returns vary in the short-term (say one year). Over the long-term, returns from an option will vary, possibly quite widely. The tables above indicate the likely range of investment returns (expected in 90% of cases) over a one year period and over a 20 year period and the option s long term expected average return. These figures are based on best estimate assumptions, are only illustrative, and are not guarantees nor predictions of what will occur. 13

16 Pension Cash Suitable for Objectives Members wishing to protect their account balances. Capital fluctuations are a very low probability. On a rolling one-year basis, performance in line with the return of the Bloomberg AusBond Bank Bill Index will be sought. This option also aims to achieve positive returns after fees each month. Benchmark asset allocation and ranges 100% Australian shares International shares Property Growth alternatives Diversified fixed interest Defensive alternatives Cash Minimum suggested investment period Less than 1 year. Likelihood of a negative return in any 20 year period* A 0% chance of a negative return in any particular year. Note that your account balance is not guaranteed. Volatility level* Very low very low very high Note: the information about suitability of a particular option is general in nature. It is not intended to be a recommendation or statement of opinion in relation to any particular option. Members are encouraged to seek their own advice if they are uncertain as to which option might be most appropriate for them. * The volatility level shown is based on industry guidance to allow members to compare investment options that are expected to deliver a similar number of negative annual returns over any 20 year period. It is based on the Standard Risk Measure developed by the industry and is not a complete assessment of all forms of investment risk, for instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than a member may require to meet their objectives. Further, it does not take into account the impact of administration fees and tax on the likelihood of a negative return. Members should still ensure they are comfortable with the range of risks and potential losses and gains associated with their chosen investment options. Expected investment returns Long-term expected return 4.5% p.a. Likely range of one year returns Likely range of 20 year average returns (p.a.) -20% -10% 0% 10% 20% 30% 40% -20% -10% 0% 10% 20% 30% 40% The investment mix of an option will determine how much its returns vary in the short-term (say one year). Over the long-term, returns from an option will vary, possibly quite widely. The tables above indicate the likely range of investment returns (expected in 90% of cases) over a one year period and over a 20 year period and the option s long term expected average return. These figures are based on best estimate assumptions, are only illustrative, and are not guarantees nor predictions of what will occur. 14

17 Investment risks As with all investments, there are risks associated with a decision to invest in superannuation and also in choosing a particular investment option. Different asset classes perform differently at different times. Since each investment option has a different investment mix, the risks of investing in each option are different. The main investment risks are described below: Inflation risk The rate of inflation may exceed the rate of return achieved on your investment and hence your investment would not retain its purchasing power. This risk can be considered significant for the Pension Moderate and Pension Cash options if investing over long periods. Individual investment risk Individual investments can (and do) fall in value. This risk mainly affects investments in shares and property, although it can also affect investments in fixed interest. As a result, there are varying degrees of risk associated with investing in Pension Aggressive, Pension Growth and Pension Moderate. Market risk Changes in the investment markets resulting from changes in economic, political and legal conditions or market sentiment can affect the value of investments. This risk affects investments in shares, property and fixed interest. So, it can be considered a significant risk for all options except Pension Cash. Interest rate risk Changes in interest rates can have a positive or a negative impact directly or indirectly on investment values or returns. This risk can be considered a significant risk for all investment options. Currency risk Some investments are made in other countries. If their currencies change in value relative to the Australian dollar, the value of the investment can change. This risk affects only overseas investments so it can only be considered a significant risk for options which invest a proportion of assets overseas. Therefore, currency risk can potentially affect all investment options except Pension Cash. Liquidity risk Liquid assets are assets that can be readily converted to cash. Liquidity risk is the risk that some assets may not be able to be converted to cash when needed to pay benefits or process investment switches. This risk affects investments in all asset classes except for cash. As a result, it can be considered a risk (to varying degrees) for all options except Pension Cash. Derivatives risk There are a number of risks associated with investing in derivatives contracts which include: i i The value of the derivative failing to move in line with the underlying asset; i i The risk that the derivative may not readily be converted to cash; i i The risk that the Plan may not be able to meet payment obligations as they arise; and i i Counterparty risk, where the other party to the derivative contract cannot meet its obligations under the contract. This risk could potentially affect all investment options except Pension Cash. 15

18 Tax and your pension A summary of the rules relating to the tax treatment of pensions is outlined below. This is only a general summary of the tax treatment of a pension and is current at the date of publication of this booklet. For information about how the tax and social security laws will affect your pension, you should seek advice from a licensed financial adviser. Tax on your pension payments If you are over age 60, no tax will be deducted from your regular pension payments. If you are under age 60, tax will automatically be deducted from your regular pension payments on a PAYG basis, in the same way as tax was deducted from your salary when you were a salaried employee. Provided you have reached your preservation age, you can claim a 15% rebate on most pension payments made to you (less any tax-free amount). Tax on investment earnings The Plan pays no tax on the investment earnings of pension members, with the result that you receive different investment returns than other members. Tax on pension withdrawals No tax applies to lump sum withdrawals (if any) you make from your pension if you are over age 60 at the time of payment. If you are under age 60, tax may apply. For more information, call the Super Hotline on Tax on death benefits Lump sum payments to dependants are tax free. However, death benefits paid to non-dependants may be taxed. For more information about the applicable tax, call the Super Hotline on See page 4 for information on the benefit payable if you die before your account runs out. Social Security and the age pension How much you receive (if any) from the Government s age pension will depend on how you rate under the Government s Income and Assets Tests. If your income and/or assets are over a certain level, you will not be entitled to the full age pension. Your pension counts towards both the Income and Assets Tests. From 1 January 2015, new Retirement Pensions are treated as financial assets and subject to the deeming rules for the purpose of the Income Test. Existing Retirement Pensions held by pensioners in receipt of Centrelink benefits on 31 December 2014 continue to be assessed under the rules in place on that date. Social Security and age pension rules can be complex and the Trustee recommends that you contact the relevant Government agency and/or a licensed financial adviser to determine the impact on your Social Security and pension entitlements before you commence a pension with the Plan. 16

19 Fees and other costs Consumer advisory warning DID YOU KNOW? Small differences in both investment performance and fees and costs can have a substantial impact on your long-term returns. For example, total annual fees and costs of 2% of your fund balance rather than 1% could reduce your final return by up to 20% over a 30-year period (for example, reduce it from $100,000 to $80,000). You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs. Your employer may be able to negotiate to pay lower administration fees. Ask the fund or your financial adviser. TO FIND OUT MORE If you would like to find out more, or see the impact of the fees based on your own circumstances, the Australian Securities and Investments Commission (ASIC) website ( has a superannuation calculator to help you check out different fee options. Note: The above consumer advisory warning wording is required by law. The Plan s fees are set as low as possible and are not negotiable by members. 17

20 18 The section below shows fees and other costs that you may be charged. These fees and costs may be deducted from your money, from the returns on your investment or from the Plan assets as a whole. Tax information is outlined on page 16. You should read all the information about fees and costs because it is important to understand their impact on your investment. Toyota Australia Superannuation Plan Pension section Type of fee Amount How and when paid Investment fee % p.a. to 0.903% p.a. for Pension Aggressive 0.502% p.a. to 0.742% p.a. for Pension Growth This percentage-based fee is deducted from the investment earnings of each investment option prior to determining the unit price for 0.366% p.a. to 0.516% p.a. for Pension Moderate that investment option. It includes estimated 0.157% p.a. for Pension Cash performance fees. Administration fee In relation to administration expense recovery and other fees: $6.39 per member per week, ($6.58 from 1 November 2015) plus This cost is debited from your account at the end of each month and from your final payment. A percentage expense deduction to cover relevant fees and costs. This fee is set at 0.1% p.a. of your Pension Account balance, plus A deduction of 0.08% to fund the operational risk reserve, increasing to 0.09% at 30 June Buy-sell spread Pension Aggressive 0.25% Pension Growth 0.20% Pension Moderate 0.10% Pension Cash 0.00% Switching fee Nil for the first switch in each financial year. $47.74 for all subsequent switches. ($49.13 from 1 November 2015) Exit fee $ for each lump sum payment ($ from 1 November 2015) Advice fees relating to all members investing in a particular pension product or investment option Other fees and costs 2 Indirect cost ratio $7.93 for each pension payment ($8.16 from 1 November 2015) Nil Activity fees may apply % p.a. for Pension Aggressive 0.252% p.a. for Pension Growth 0.189% p.a. for Pension Moderate Nil for Pension Cash This cost is debited from your account at the end of each month and from your final payment. This cost is deducted from your account at each 30 June for three years to This is deducted from your account at the time of making a contribution, transferring amounts in, or switching investment options based on the option your money moves to. Debited from your account when you switch investment options. This fee is deducted from the relevant payment when it is made. It applies to full and partial payments. Not applicable. The percentage-based fee is deducted from investment earnings prior to determining each investment option s unit price. The percentages shown are estimates. 1 Investment fee rebates will appear on members annual benefit statements as a separate item credited to their pension account balances. 2 Fees for activities such as family law matters may apply (see pages 19 to 20). 3 Super funds are required to set aside financial resources to address operational risks. The Trustee has established an operational risk reserve in the Plan for this purpose, which is funded by a deduction from the accounts of Pension members at each 30 June for three years until 2016.

21 Example of annual fees and costs for Pension Growth The table gives an example of how the fees and costs in the Pension Growth option for this product can affect your pension investment over a 1 year period. You should use this table to compare this product with other pension products. EXAMPLE Pension Growth BALANCE OF $50,000 Investment fees 0.742% p.a. For every $50,000 you have in Pension Growth you will be charged $371 each year* PLUS Administration fees $6.58 # per week plus 0.1% p.a. plus 0.08%** And, for every $50,000 you have in the Plan you will be charged $50 each year plus $ plus $40** in administration fees PLUS Indirect costs for Pension Growth 0.252% And, indirect costs of $126 each year will be deducted from your investment EQUALS Cost of product If your balance was $50,000, then for that year you will be charged fees of $ for Pension Growth * The fee shown is the maximum investment fee applicable. ** Increasing to 0.09% on 30 June This deduction funds the operational risk reserve. # Fee applies from 1 November Fees are not negotiable. Note: Additional fees may apply and you will also be charged a withdrawal fee (as shown in the fee table on page 18) for each pension payment you receive. Also, if you leave the Plan early, make capital withdrawals or transfer money out of the Plan, you may be charged withdrawal fees (as shown in the fee table on page 18) for every capital withdrawal including your final withdrawal. Additional explanation of fees and costs Fees shown in this section include GST and stamp duty where applicable. Should you require further information on fees or costs, please contact the Super Hotline on Investment performance fees The underlying investment managers may charge a performance-based fee. These are fees that apply when the manager achieves an investment performance in excess of specified criteria or benchmarks. The performance fees set out in the table below are estimates only to show the approximate increase in total investment fees payable if all investment managers concerned outperformed their benchmark by 2%. Estimated performance fees are included in the investment fees in the table on page 18. Performance fees are not capped and may vary from year to year. The estimates shown allow for the assumed levels of out-performance for each of the relevant managers. Performance over the assumed levels will increase fees beyond the estimates shown. Option Fee estimate How and when paid Pension Aggressive 0.045% Deducted at the time the underlying investment unit prices Pension Growth 0.028% are determined. Pension Moderate 0.01% Pension Cash 0.00% 19

22 Buy/sell spread A buy/sell spread applies when you switch from one investment option to another. The buy/sell spread is a percentage of the amount switched, which is charged by the Plan to cover the costs associated with the transaction. These include fees charged by investment managers, brokerage, settlement and clearing costs, stamp duty and other fees which would be incurred in buying or selling part or all of the underlying investments of each investment option. The percentage shown in the table on page 18 is applied at the time of making a switch. Please note, where amounts are being switched, the switching fee will also apply to any switches (except the first switch in any financial year). Example 1 Mark transfers $100,000 to the Pension section of the Plan, and selects Pension Growth. The buy/sell spread that applies to this transfer is 0.20% of the amount contributed. This means that $200 ($100,000 x 0.20%) is the buy/sell spread applied. The investment in the Pension Growth option after applying the buy/sell spread is $99,800. Example 2 Craig has $50,000 in Pension Cash. Craig decides to switch to Pension Growth. The buy/sell spread that applies for this switch is 0.20% of the amount switched plus a switching fee (as Craig has already used his free switch). This means that $ ($50,000 x 0.20%) is the buy/sell spread applied to Craig s investment. In addition the switching fee applies. The investment in Pension Growth after applying the buy/sell spread and switching fee is $49,850.87*. This means that the total switching fee which applies is $149.13*. * Includes the switch fee effective 1 November Activity fees Family law fees Family law fees are charged to members and/or their former spouses for various services. Family law fee Amount How and when paid Request for Member Account Information Splitting a Member s Benefit No TFN tax offset fee $ ($ from 1 November 2015) $ per split ($ from 1 November 2015) Paid by the person requesting the information at the time the request is made Deducted equally from the member s account and the spouse s interest at the time of split A fee of $1, ($1, from 1 November 2015) per payment is deducted from the relevant benefit when a tax refund is received by the Plan on a member s behalf when the member had not previously provided their Tax File Number for reporting purposes. This fee will be applied when the member has otherwise terminated their membership in the Plan and the Plan needs to re-establish an account to process the tax refund payment. Fee changes All fees may be increased annually in line with Average Weekly Ordinary Time Earnings, or as otherwise determined by the Trustee. The Trustee has the right to increase charges at any time without requiring your consent. It may also introduce new fees. You will receive 30 days of notice before any increase in fees or charges takes effect. 20

23 Defined fees This wording is required by law. Activity fees A fee is an activity fee if: (a) the fee relates to costs incurred by the trustee of the superannuation entity that are directly related to an activity of the trustee: (i) that is engaged in at the request, or with the consent, of a member; or (ii) that relates to a member and is required by law; and (b) those costs are not otherwise charged as an administration fee, an investment fee, a buy-sell spread, a switching fee, an exit fee, an advice fee or an insurance fee. Administration fees An administration fee is a fee that relates to the administration or operation of the superannuation entity and includes costs incurred by the trustee of the entity that: (a) relate to the administration or operation of the entity; and (b) are not otherwise charged as an investment fee, a buy-sell spread, a switching fee, an exit fee, an activity fee, an advice fee or an insurance fee. Advice fees A fee is an advice fee if: (a) the fee relates directly to costs incurred by the trustee of the superannuation entity because of the provision of financial product advice to a member by: (i) a trustee of the entity; or (ii) another person acting as an employee of, or under an arrangement with, the trustee of the entity; and (b) those costs are not otherwise charged as an administration fee, an investment fee, a switching fee, an exit fee, an activity fee or an insurance fee. Buy-sell spreads A buy-sell spread is a fee to recover transaction costs incurred by the trustee of the superannuation entity in relation to the sale and purchase of assets of the entity. Exit fees An exit fee is a fee to recover the costs of disposing of all or part of members interests in the superannuation entity. Indirect cost ratio The indirect cost ratio (ICR), for a MySuper product or an investment option offered by a superannuation entity, is the ratio of the total of the indirect costs for the MySuper product or investment option, to the total average net assets of the superannuation entity attributed to the MySuper product or investment option. Note: A dollar-based fee deducted directly from a member s account is not included in the indirect cost ratio. Investment fees An investment fee is a fee that relates to the investment of the assets of a superannuation entity and includes: (a) fees in payment for the exercise of care and expertise in the investment of those assets (including performance fees); and (b) costs incurred by the trustee of the entity that: (i) relate to the investment of assets of the entity; and (ii) are not otherwise charged as an administration fee, a buy-sell spread, a switching fee, an exit fee, an activity fee, an advice fee or an insurance fee. Switching fees A switching fee is a fee to recover the costs of switching all or part of a member s interest in the superannuation entity from one class of beneficial interest in the entity to another. 21

24 What you need to know about your pension Looking after the Plan The Toyota Australia Superannuation Plan (ABN ) is managed and operated by a Trustee company called Toyota Australia Superannuation Plan Pty Ltd (ABN , AFSL ). The company is managed by a Board of six Directors with three Directors representing employees and three representing employers. Details of the current Directors are contained in the Trustee Report that is published annually. You can contact the Trustee through the Plan Secretary at the address below. Toyota Australia Superannuation Plan c/- Toyota Motor Corporation Australia Limited 494 Grieve Parade ALTONA NORTH VIC 3025 The Trustee company is responsible for: i i Protecting your rights and interests as a member; i i Operating the Plan in line with the Trust Deed and super law; i i Investing the Plan s assets prudently according to the Plan's investment objectives; i i Paying benefits when they are due; and i i Communicating with you, our members. Keeping you in touch with your pension The Trustee wants you to know about the Plan and how your pension benefits are progressing. As a member of the Plan, the following will be available to you: ia i Trustee Report, which will tell you how your pension is being managed and how it has performed over the past year. It will also keep you up to date with any changes that may affect your pension (e.g. legislation, administration or management changes). The Trustee Report is published annually. ia i Benefit Statement, which will show you the value of your Pension Account each year. It will also include details of your pension payments and investment earnings that have applied to your account over the past year, along with the fees deducted from your account. Your Benefit Statement will be mailed to you annually. i i The Plan s regular newsletter, Super made easy, keeps you up to date with changes in super and the Plan as well as how your pension is performing. i i If you are under age 60, an annual PAYG Payment Summary, to be included with your income tax return. ilimited i financial advice is available to you via the Super Hotline on Neither the Trustee, Toyota Motor Corporation Australia Limited (TMCA) nor their representatives will give you personal financial advice. If you want personal financial advice you will need to contact a person or company licensed to provide such advice. ithe i Toyota Super website at Here you can download forms and publications, check the Plan s current unit prices, and learn more about the Plan and your pension. Toyota Australia Superannuation Plan 2015 TrusTee report December 2011 issue Super made easy Investment market performance The September quarter saw international share markets fall. The uncertainty within share markets was due to many factors including concerns over debt issues in Europe and the downgrading of the US credit rating. Toyota Super s recent and long-term investment returns are shown in the graphs. If you would like to learn more about how investment markets have performed recently, simply go to the homepage and review the Latest news. For the latest unit prices, please refer to the Investments section of Returns for Pension members differ from those shown on the website. For more information about pension returns, contact the Super Hotline on Toyota Super offers you flexibility in how to invest your super. If you are considering changing how your super is invested, you should seek licensed financial advice. You can obtain limited financial advice via the Super Hotline on Past performance should not be taken as a guide to future performance. Check out the year in super! Click on a tab to easily navigate this year s Report Investment returns Aggressive Returns are after taxes and expenses. 1 July 2005 for the Aggressive Option is 0.0%. * Compound average to 31 October The compound average return since Your 2011 Trustee Report is now available at This year s Report features great tips to help you achieve your retirement goals and helps to set you on the right path towards your retirement journey. If you require a hard copy, you can contact the Super Hotline on to request one free of charge % Pension returns -4.4% 2.7% Pension Aggressive -2.5% -2.2% Pension Growth 1.8% Growth 1.2% 4.0% 0.6% Pension Moderate 4.9% Moderate Cash Returns are after expenses. * The Pension Aggressive and Pension Moderate options were introduced from 1 February Returns shown for these options are from 1 February 2010 to 31 October % 1.7% 4.7% Pension Cash 5.4% 1.5% Toyota Toyota Australia Australia Superannuation Superannuation Plan Plan 2011 TruSTee report 4.9% here your journey starts Super made easy -2.0% 1 1.8% 4.1% Defined benefit The year in review Our 2014/15 investment performance Investing your super About us Financial summary Contact us Remember, super is generally a long- term investment. Reacting to changes in the market may mean you are locking in any losses and won t benefit when markets recover. 1 July 2011 to 31 October 2011 Compound average returns since 1 July 2005* Compound average returns since 1 July 2000* 1 July 2011 to 31 October 2011 Return since introduced* (8 Feb 2008 to 31 Oct 2011) 22

25 Enquiries or complaints If you have any questions or would like more information, please contact: Toyota Admin Team Mercer GPO Box 4303 Melbourne VIC 3001 Super Hotline: In most cases, your enquiry will be resolved over the phone. If not, you may be asked to write to the Plan Secretary. The matter will be referred to the Trustee and you should receive a reply within 90 days. In certain circumstances you may be able to request the Trustee s reasons for its decision on your complaint. If you are not satisfied with the Trustee's response, you may wish to contact the Superannuation Complaints Tribunal (SCT), except in relation to privacy-related matters. The SCT is an independent body set up by the Federal Government to deal with enquiries or complaints that the Trustee has not dealt with to your satisfaction. The SCT may mediate the dispute. There are some complaints that the Tribunal cannot consider such as those relating to the management of the Plan as a whole. In addition, time limits may apply to certain complaints such as those about objections to the payment of death benefits. If your complaint is in relation to one of these areas, please contact the Super Hotline on or refer to the Tribunal s website at as soon as possible for further information. You can contact the SCT at: The Secretariat Superannuation Complaints Tribunal Locked Bag 3060 Melbourne VIC info@sct.gov.au Phone: For privacy-related matters, please contact the Office of the Australian Information Commissioner on Protecting your personal information To ensure that you receive the correct pension, the Plan holds a great deal of information about you, such as your contact details, date of birth, Tax File Number, and so on. Under privacy legislation, you have the right to access the personal information the Plan holds about you, subject to any applicable exceptions. If you believe that the information is inaccurate or incomplete, you are entitled to request an amendment to your personal information. The privacy legislation also requires your consent before any sensitive information is collected and passed to third parties. The Trustee believes your privacy is important and so has developed a privacy policy to protect your personal information. The policy outlines how the Plan collects and manages your personal information. A copy of the policy is available by calling the Super Hotline on If you would like to access or update your personal information, please contact: Privacy Officer Toyota Australia Superannuation Plan GPO Box 2006S MELBOURNE VIC 3001 Phone: (03) Providing proof of identity The Trustee is required to comply with the Government s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) legislation. Under the legislation, the Trustee is required to verify a member s identity, and any other benefit recipients, before any benefit is withdrawn from the Plan. This verification process helps ensure that the Plan is not being used for money laundering, or funding terrorist or criminal activities. Withdrawals cannot be processed until the required proof of identity is supplied to the Toyota Super Administrator. The Trustee may need to obtain additional identification information and verify your identity from time to time. It may have to disclose information about you to the regulator, the Australian Transaction Reports and Analysis Centre (AUSTRAC). If this happens, the Trustee is not permitted to inform you due to the sensitive nature of this information. Your benefits on divorce or separation Under the Family Law Act superannuation benefits can generally be divided when a couple separates or divorces (including de facto and same-sex couples). A member and spouse can agree to split the member s superannuation benefit within the Plan or ask the Family Court to order a split if no agreement can be reached. This means your account will be reduced for the amount paid to your ex-spouse. The Plan may charge a fee to implement the split request and for certain other transactions linked to the Family law provisions. The spouse can either remain in the Plan, request a transfer to another regulated superannuation fund, or be paid directly if they satisfy a condition of release. 23

26 Pension Section Toyota Australia Superannuation Plan Application for Membership Pension Section About this form Complete this form to let us know: your personal details how much you d like to invest which investment options you d like your money invested in the preservation status of your super your pension amount your payment method who you d prefer to receive your super if you die while you re a member of the Toyota Australia Superannuation Plan Please refer to the relevant section of the Product Disclosure Statement (PDS) for information to help you complete this form. Once you ve finished the form, don t forget to sign it and return it to Toyota Australia Superannuation Plan, GPO Box 4303, Melbourne, VIC If you re unsure of your decisions, we recommend that you see a licensed or appropriately authorised financial adviser. Step 1 Complete your personal details Please print in black or blue pen, in uppercase, one character per box. A Title Mr Mrs Ms Miss Other Date of birth / / Given names Surname Residential address (must be provided) Suburb State Postcode Postal address (if different to above) Suburb State Postcode Daytime telephone Mobile - - see note below Are you a current member of Toyota Australia Superannuation Plan? Member number Yes No Providing your address In the future the Trustee anticipates providing information such as annual reports, member statements, exit statements and notices of any material changes or occurrence of significant events electronically, rather than in written form as we do at the moment. If this format becomes available and you d like to receive this information electronically please advise your address. Issued on behalf of Toyota Australia Superannuation Plan Pty Ltd ABN , AFSL RSE Licence L as Trustee for Toyota Australia Superannuation Plan ABN *TASPF.Z01HI1*

27 Step 2 Pension Type Select one : OR I wish to commence a Retirement Pension in the Plan* I wish to commence a Transition Pension in the Plan * if you are commencing a Retirement Pension you must either be permanently retired from the workforce, leaving Toyota on or after age 60 or be over 65. Step 3 Make your initial investment I wish to invest the following amount: $, Note: Your pension will not commence until your amount has been transferred from your Toyota Australia Superannuation Plan. Step 4 Complete your preservation status (not applicable for Transition to Retirement Account Based Pension) Your benefit may be subject to preservation. If the preservation portion of your benefit is over $200, legislation requires that this amount be retained in an approved superannuation fund until: You are at least 65 years of age or over; OR You are at least 60 years of age and have ceased employment since attaining age 60; OR You have reached your preservation age *, have ceased employment and have permanently retired # from the workforce. * Your preservation age depends on your date of birth see the table below: Date of birth Preservation age Before 1 July July 1960 to 30 June July 1961 to 30 June July 1962 to 30 June July 1963 to 30 June July 1964 or after 60 # Permanently retired is defined as never being gainfully employed again for more than 10 hours per week. Gainful employment means employed or self-employed for gain or reward in any business, trade, profession, calling, occupation or employment. If you are eligible, please complete one of the following declarations and attach proof of age to allow your benefit payment to be processed e.g. photocopy of your driver s licence, passport or birth certificate). Yes, I have reached preservation age, ceased employment and permanently retired from the workforce. Yes, I am at least 60 years of age and I have ceased employment since attaining age 60. Yes, I am at least 65 years of age. Step 5 Choose your investment options Investment choice account balances You can choose up to three investment options. Investment allocation percentages must be made in multiples of 10%. Please ensure that all the percentages add to 100%, otherwise the default investment option will apply until it s corrected. The default investment option is the Pension Growth option. Please note that the Plan does not rebalance your account once your investment selection is made. AMOUNT DRAWN DOWN Investment options Option 1 Pension Aggressive Option 2 Pension Growth Option 3 Pension Moderate Option 4 Pension Cash Percentage to be invested % % % % TOTAL % Note: If you do not make a selection, or your selection is invalid, you will be deemed to have selected the Pension Growth Option. *TASPF.Z01HI1*

28 Step 6 Choose which option your pension payments are made from You can choose up to three (3) investment options. You can choose which investment option or combination of options you would like your payments to be drawn from. Please ensure that all the percentages add to 100%, otherwise your instructions will not be actioned. AMOUNT DRAWN DOWN Investment options Percentage to be drawn down Option 1 Pension Aggressive % Option 2 Pension Growth % Option 3 Pension Moderate % Option 4 Pension Cash % TOTAL % You should also be aware that the following rules will apply to draw down instructions: Any draw down instruction you make will continue to apply until a further draw down instruction or asset switch is made. If you never make a draw down instruction or do not make a new instruction following an asset switch your payments will be made according to your current balance investment instructions. If an investment option chosen for payments is drawn down to zero then all future payments will be processed using a new draw down strategy determined on your behalf as being the proportional split of assets in the remaining investment options held at this point in time, until you provide a revised investment instruction. Step 7 Your pension payment details Choose one of the following options. To work out your minimum and maximum pension payment allowable each year, refer to pages 3 to 5 of the Product Disclosure Statement. OR OR OR Minimum amount allowable each year (refer to page 4), Maximum amount allowable each year (refer page 5. Applicable only to the Transition Pension), Specific amount desired each year. %* Dollar amount required each year* $, * The % applies to your account balance at commencement and then at each 1 July. It must be at least equal to the minimum % amount permitted for your age* (refer to page 4). Transition Pensions have a maximum payment amount of 10%. Please note pension payments can only be made on a monthly basis and will commence in the month following submission of this application. Step 8 Complete your payment details My bank account details are as follows: Name of Institution Branch Name BSB Account Number Account Name *TASPF.Z01HI1*

29 Step 9 Nominate your beneficiaries Who ll get your super in the event of your death while you re in the Toyota Australia Superannuation Plan? In the event of your death if there is money in your Toyota Australia Superannuation Plan account, this money will be paid out to your dependants or estate. You have the option of: (1) nominating a reversionary beneficiary (see Step 10 below) OR (2) making a binding or non-binding death benefit nomination by completing the Nominating your beneficiaries form attached to the PDS. If you do not nominate a reversionary beneficiary or make a binding death benefit nomination, the Trustee of Toyota Australia Superannuation Plan has the discretion to determine to which of your dependants and/or your estate the benefit will be paid. Your Nomination of beneficiaries however will be taken into account should you complete that form when the Trustee makes their determination. Step 10 Reversionary beneficiary nomination Before your pension starts, you can nominate one or more of your dependants as a reversionary beneficiary. This means that in the event of your death, if there is any money in your account, your dependants will continue to receive your pension (or have the option of cashing out your account as a lump sum), as long as they are your dependant at the time of your death. You cannot change your reversionary beneficiary once your pension starts. If you do not wish to nominate a reversionary beneficiary (or the nominated reversionary beneficiary/s dies before you) you may make a binding death benefit nomination to determine which of your dependants (or your legal personal representative) the balance of your account is to be paid to and in what proportion. If you wish to nominate a reversionary beneficiary please provide details below. Surname Given name Address Suburb State Postcode Birth date [DD/MM/YYYY] / / *TASPF.Z01HI1*

30 Step 11 Providing proof of your identity You will need to provide certified proof of your identity. The easiest way to do this is as follows: photocopy both sides of your current drivers licence or passport take the photocopies of your ID and the original of the partly completed statutory declaration to Australia Post * or your local Police station ** ask them to certify your ID. * to be able to certify your documents, the Australia Post employee must be a permanent employee of the Australian Postal Corporation with 2 or more years of continuous service in an office supplying postal services to the public. Australia Post will charge a small fee for each photocopy you need to get certified. ** a police officer, sheriff or sheriff s officer can certify your ID. The person certifying your ID documents will include the following details on the copy: IDENTIFICATION Certified true copy J. Sample Mr John Sample Justice of Peace Registration No Date: 01/03/2015 A clear copy of the document that identifies you (i.e. your driver s licence (front and back) or passport) Write or stamp certified true copy of the original document The authorised person s signature Full name, qualification and registration number (if applicable) of the authorised person Date of certification (within 12 months of receipt) Alternatively, you can refer to the Completing Proof of Identity fact sheet on the website at for a list of other people who can certify your ID document(s) and witness your statutory declaration. If you don t have a driver s licence or passport You will need to provide a certified copy of one document from each of the following groups: Birth certificate or birth extract 1 Citizenship certificate issued by the Commonwealth Pension card issued by the Department of Human Services (Centrelink) that entitles the person to financial benefits AND Letter from the Department of Human Services (Centrelink) or other Government body in the last 12 months regarding a Government assistance payment Tax Office Notice of Assessment issued in the last 12 months Rates notice from local council issued in the last 3 months Electricity, gas or water bill issued in the last 3 months Landline phone bill issued in the last 3 months (mobile phone bills will not be accepted) Name change If you have changed your name, you must provide a certified copy of the relevant name change document 1, for example, a marriage certificate, deed poll, decree nisi/divorce order or change of name certificate issued by the Births Deaths and Marriages Registration office. Signing on behalf of another person If you are signing on behalf of the applicant you will need to provide the following: A certified copy of the Guardianship papers or Power of Attorney; and A certified copy of the appropriate proof of identity for the holder of the Guardianship or Power of Attorney; and A certified copy of the appropriate proof of identity of the applicant. 1 Translation If your identification is written in a language other than English, the identification must be accompanied by an English translation prepared by a translator accredited by the National Accreditation Authority for Translators and Interpreters Ltd. (NAATI) at the level of Professional Translator or higher (or an equivalent accreditation), to translate from a language other than English into English. *TASPF.Z01HI1*

31 Step 12 Complete Tax file number declaration I have completed and attached the Tax File Number declaration from the Australian Tax Office. Note: If you are aged 60 or more you are not required to complete a Tax File Number declaration form. Step 13 Complete the checklist To enable your payment to be processed promptly, please ensure you have correctly completed this form before returning it to the plan. Have you: Provided your member details in Step 1? Completed all steps of the form and provided copies of documentation (where required)? Signed and dated the form in Step 14 Completing Proof of Identity Have you attached the correct identification as outlined in the Completing proof of identity section? Select the identification you have provided: One Primary identification document; or Two Alternative identification documents (one from each of the lists specified) Is your identification current? If providing an Australian Passport, one that has expired within the last two years is acceptable. Is your document correctly certified? Ensure the certifier has included ALL of the following on each page: Written or stamped certified true copy Signature and printed name Date the date MUST be within twelve months of the date we receive your completed form. Qualification (such as Justice of the Peace, Australia Post employee, etc) Please refer to the Completing proof of identity section for more details on how to certify a document and a list of valid certifiers. Your Privacy The plan is administered by us along with our service provider, Mercer Outsourcing (Australia) Pty Ltd. We collect, use and disclose personal information about you in order to manage your superannuation benefits and give you information about your super. We may also use it to supply you with information about the other products and services offered by us and our related companies. If you do not wish to receive marketing material, please contact us on Our Privacy Policies are available to view at or you can obtain a copy by contacting us on If you do not provide the personal information requested, we may not be able to manage your superannuation. We may sometimes collect information about you from third parties such as your employer, a previous super fund, your financial adviser, our related entities and publicly available sources. We may disclose your information to various organisations in order to manage your super, including your employer, our professional advisors, insurers, our related companies which provide services or products relevant to the provision of your super, any relevant government authority that requires your personal information to be disclosed, and our other service providers used to assist with managing your super. In managing your super your personal information will be disclosed to service providers in another country, most likely to Mercer s processing centre in India. Our Privacy Policies list all other relevant offshore locations. Our Privacy Policies set out in more detail how we deal with your personal information and who you can talk to if you wish to access and seek correction of the information we hold about you. It also provides detail about how you may lodge a complaint about the way we have dealt with your information and how that complaint will be handled. If you have any other queries in relation to privacy issues, you may contact us on or write to our Privacy Officer, GPO Box 4303 Melbourne VIC *TASPF.Z01HI1*

32 Step 14 Sign the form By signing this form I: apply to become a member of the account based pension section of the Toyota Australia Superannuation Plan have attached a completed Tax File Number declaration form from the Australian Tax Office acknowledge that I have read and understood the attached Product Disclosure Statement and agree to be bound by it acknowledge that I have received all information I require in order to exercise the choices I have made accept that I will be bound by the provisions of the Trust Deed and rules which govern the operation of the Toyota Australia Superannuation Plan acknowledge that if I ve provided my address details in this application form, the Trustee may, at its discretion, use that address to send information, including any annual reports, member and exit statements and notices of any material changes or the occurrence of significant events, by electronic means understand and consent to my information being collected, disclosed and used in the manner set out in this form. Signature / / Please return your completed form together with your proof of identity and Tax File Number Declaration form to Toyota Australia Superannuation Plan, GPO Box 4303, Melbourne, VIC Date *TASPF.Z01HI1*

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34 Toyota Australia Superannuation Plan Making a death benefit nomination How to nominate your beneficiaries The Plan offers you a choice of making a binding or non-binding nomination for your death benefit. Who can I nominate? Nominated beneficiaries must be your dependants or legal personal representative (subject to the production of probate or letters of administration). Your dependants are: Your spouse (including de facto or same-sex spouse); Your children (including step, adopted or ex-nuptial children, or children of your spouse); Any other person with who you have, in the opinion of the Trustee, an interdependency relationship ; or Any other person who the Trustee may, in its absolute discretion, determine to be dependent on you either wholly or in part or to have had a right to look to you for support at the date of your death. Two people have an interdependency relationship if they satisfy all of the following criteria: They have a close personal relationship; They live together; One or each of them, provides the other with financial support; and One or each of them, provides the other with domestic support and personal care. An interdependency relationship also exists where there is a close personal relationship and either or both people suffer from a physical, intellectual, or psychiatric disability. In these circumstances, you don t have to be living together or provide financial support, domestic support or personal care. The law includes matters that the Trustee must consider in deciding whether an interdependency relationship exists. If the Trustee determines that no dependants or legal personal representative can be found, your benefit may be paid to another person (e.g. a relative) in accordance with superannuation law. Non-binding nomination By making a non-binding nomination you are telling the Trustee who you wish your benefit to be paid to in the event of your death. The Trustee is not legally bound by your nomination. However, the Trustee will consider your wishes and your personal circumstances at the time of your death when determining to whom and in what proportions your death benefit will be paid. Completing the form To make a non-binding death benefit nomination complete the Nominating your beneficiaries form. Only nominate someone who is your Dependant and/or legal personal representative of your estate. Ensure you clearly specify the percentage of your super that you wish to allocate to each person and that the totals adds to 100% or tick the box if you wish your benefit to be paid to your estate. In Step 3 of the form, select Option 1 Non-binding nomination and then sign and date the form. Binding Nomination You can nominate one or more persons that you require the trustee of the Plan to pay your death benefit to should you die while a member of the Plan, by making a binding death benefit nomination. If you make a binding death benefit nomination and it is still valid and in effect at the event of your death, the trustee of the Plan will be bound to follow it and pay your death benefit to the persons you have nominated and in the proportions specified by you. You may confirm, amend or revoke your binding death benefit nomination at any time. As your personal circumstances change, it s important to remember to keep your nomination up-to-date. Completing the form To make a binding death benefit nomination in the Plan you must: Complete this form in full and sign and date it in the presence of two witnesses. The witnesses must be at least 18 years of age and neither of them can be nominated within this form. Each witness must also sign and date the form in Step 3. Only nominate someone who is your Dependant and/or legal personal representative (of your estate). Ensure you clearly specify the percentage of your super that you wish to allocate to each person and that the total allocation equals 100%. Once properly made, your nomination replaces any previous nomination you may have made, whether of preferred beneficiaries or a binding death benefit nomination. If you wish to revoke an existing binding death benefit nomination and not make a further nomination you need only complete Steps 1 and 3 of this form, leaving Step 2 blank. What you should know about binding death benefit nominations In the event that you die without a valid and in effect binding death benefit nomination in place, the trustee of the Plan will be required to either pay your entire death benefit to your estate or exercise its discretion and decide on payment of your death benefit to any one or more of your Dependants. A binding death benefit nomination will become invalid if: it is completed prior to your admission to the Plan; you have not selected the required Binding nomination option; the Binding nomination option has not been properly completed (for example, the nominated proportions are not clear or do not equal 100%, or the form has not been signed and witnessed correctly); at the time of your death, one or more of the persons nominated by you have died or is not your Dependant or legal personal representative; you were legally incapable of making the nomination; or the trustee is legally restrained or prohibited from paying your super benefit to one or more of the persons nominated by you. Binding death benefit nominations cease to have effect after a period of three years from the date you sign your nomination, or reconfirm it to apply for a further three years, unless revoked by you earlier. It also cease to have effect if you were subject to a Court Order at the time of your death, that prohibited you from making a binding death benefit nomination or required you to amend or revoke a nomination, or if (and for so long as) the trustee is prevented from paying out your death benefit in accordance with your nomination due to Family Law. If you need help For assistance or to access the Privacy Policy and your personal information call the Super Hotline on Issued on behalf of Toyota Australia Superannuation Plan Pty Ltd ABN , AFS Licence No RSE Licence No. L as Trustee for Toyota Australia Superannuation Plan ABN , Registration No. R

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36 Toyota Australia Superannuation Plan (TASP) Nominating your beneficiaries Who will get your super if you die? Please complete this form if you would like to select or change your binding or non-binding nominations. Please read the information in the PDS before competing this form which allows you to nominate how you would like your benefit to be paid in the event of your death. If you need help For assistance call the Super Hotline on or go to the website Step 1 Complete your personal details Please print in black or blue pen, in captials, one character per box. A Title Mr Mrs Ms Miss Other Date of birth / / Given names Surname Postal address Suburb State Postcode Daytime Telephone Mobile Membership number Trust name T O Y O T A A U S T R A L I A S U P E R A N N U A T I O N P L A N Issued on behalf of Toyota Australia Superannuation Plan Pty Ltd ABN , AFSL as Trustee for Toyota Australia Superannuation Plan ABN *TASPF.Z01TU1*

37 Step 2 Nominate your beneficiaries Please list the dependants (as defined on the following page) you wish to nominate below and indicate the percentage of your benefit you wish to allocate to each person listed (please attach an additional page if you wish to nominate more than four beneficiaries). Please ensure that the percentages add up to 100%. Tick the box to indicate if you d like your benefit paid to your estate, then select and complete either option 1 or option 2 in Step 3. Name of first nominee Relationship to you ** (Select one option only) Spouse Child Financial Dependant Legal Personal Representative Interdependency Relationship Address* Date of birth * / / Proportion of payout % Name of second nominee Relationship to you ** (Select one option only) Spouse Child Financial Dependant Legal Personal Representative Interdependency Relationship Address * Date of birth * / / Proportion of payout % Name of third nominee Relationship to you ** (Select one option only) Spouse Child Financial Dependant Legal Personal Representative Interdependency Relationship Address * Date of birth * / / Proportion of payout % Name of fourth nominee Relationship to you ** (Select one option only) Spouse Child Financial Dependant Legal Personal Representative Interdependency Relationship Address * Date of birth * / / Proportion of payout % TOTAL % OR I would like all (100%) of my benefit paid to my estate * Please provide the contact address and date of birth for each of your nominees to assist us to contact them in the event of your death. ** The persons you nominate must be your Dependant or legal personal representative (that is, the executor or administrator of your estate). *TASPF.Z01TU1*

38 Your Privacy The Plan is administered by us along with our administration service provider, Mercer Outsourcing (Australia) Pty Ltd. We collect, use and disclose personal information about you in order to manage your superannuation benefits and give you information about your super. We may also use it to supply you with information about the other products and services offered by us and our related companies. If you do not wish to receive marketing material, please contact us on Our Privacy Policies are available to view at or you can obtain a copy by contacting us on If you do not provide the personal information requested, we may not be able to manage your superannuation. We may sometimes collect information about you from third parties such as your employer, a previous super fund, your financial adviser, our related entities and publicly available sources. We may disclose your information to various organisations in order to manage your super, including your employer, our professional advisers, insurers, our related companies which provide services or products relevant to the provision of your super, any relevant government authority that requires your personal information to be disclosed, and our other service providers used to assist with managing your super. In managing your super your personal information will be disclosed to service providers in another country, most likely to Mercer s processing centre in India. Mercer s Privacy Policies list all other relevant offshore locations. Our Privacy Policies set out in more detail how we deal with your personal information and who you can talk to if you wish to access and seek correction of the information we hold about you. It also provides detail about how you may lodge a complaint about the way we have dealt with your information and how that complaint will be handled. If you have any other queries in relation to privacy issues, you may contact us on or write to our Privacy Officer, GPO Box 4303 Melbourne VIC *TASPF.Z01TU1*

39 Step 3 Choosing your benefit options Please tick one option only and complete the relevant details for that option. Option 1 Non-binding nomination By signing below I declare that I have read this section and understand that: the nominations I have made on this form are not binding on the Trustee and the Trustee is not obliged to pay a death benefit to the dependant(s) I nominate the Trustee cannot consider a nomination unless it is in favour of my spouse, my children, a person who is financially dependent on me and/or a person who is my dependant under superannuation law if a nominated beneficiary does not survive me, his/her share of the benefit may be paid, at the discretion of the Trustee, to my estate or to my other dependants I consent to my information being collected, disclosed and used in the manner set out in this form. Signature / / Date Option 2 Binding nomination For more information about binding nomination refer to the fact sheet included in this form. By signing below I declare that I have read this section and understand that: My nomination in this form will be legally binding on the Trustee if it is still valid and in effect at the time of my death My nomination in this form will be invalid if: - it has not been completed correctly, or completed prior to my admission to membership of the Plan - the persons nominated or my Dependants and/or legal personal representative at the time of my death are no longer alive - the Trustee is legally restrained or prohibited from paying my super to one or more of the persons nominated in this form My nomination in this form will expire and cease to have effect: - after 3 years, unless I reconfirm, revoke or amend it at an earlier time - if and for so long as the Trustee is prevented from making a payment due to Family Law or - I am subject to a Court Order prohibiting me to make a binding death benefit nomination or requiring me to amend or revoke a binding death benefit nomination The information provided within this form will be used by the Trustee to contact those nominated to determine whether they are still my dependants and/or legal personal representative at the time of my death. I consent to my information being collected, disclosed and used in the manner set out in this form. Signature Date / / Witness One (insert full name) I confirm that I am at least 18 years of age, am not a person nominated in Step 2 of this form and that the member named above has signed this form in my presence. Signature / / Date Witness Two (insert full name) I confirm that I am at least 18 years of age, am not a person nominated in Step 2 of this form and that the member named above has signed this form in my presence. Signature / / Please return your completed form to the Fund Administrator, Toyota Australia Superannuation Plan, GPO Box 4303, Melbourne, VIC Date *TASPF.Z01TU1*

40 Dependant is defined as: your spouse whether by marriage, a de facto relationship (including same-sex partners) or a registered relationship under a law of State or Territory (including same-sex partners) your children including step-children, adopted children and your spouse s children any other person who the Trustee considers is wholly or partially dependent on you at the time of death or any person you have an interdependency relationship with. Two people (whether or not related by family) have an interdependency relationship if: 1. they have a close personal relationship 2. they live together 3. one or each of them provides the other with financial support and 4. one or each of them provides the other with domestic support and personal care. An interdependency relationship will also exist between two people if they have a close personal relationship but do not meet the other criteria as listed above (2, 3 & 4) because either or both of them suffer from a physical, intellectual or psychiatric disability. Any amounts paid to your legal personal representative would be distributed according to your Will, or if you don t have a Will, according to the laws of the State in which you resided at the date of your death. *TASPF.Z01TU1*

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42 Toyota Australia Superannuation Plan Providing your tax file number Don t pay more tax than you have to let us know your tax file number In line with the Superannuation Industry (Supervision) Act 1993, and various taxation acts, the Trustee of Toyota Australia Superannuation Plan is authorised to ask for your tax file number. The Trustee will only use your tax file number for lawful purposes. These purposes may change in the future if there are changes to legislation. The Trustee may pass your tax file number to any other super fund or account to which your super is transferred in the future unless you request in writing that this not be done. By providing your tax file number: the Trustee will be able to accept all types of contributions made by or for you (some limits may apply) you can avoid paying tax at a higher rate than would otherwise apply on your contributions you can avoid paying tax at a higher rate than would otherwise apply on your super benefit, and it will be easier for you to find your super in the future and ensure that you receive all of your super benefits when you retire. Choosing not to provide your tax file number is not an offence. However, if you don t provide your tax file number, now or later: the Trustee will only be able to accept contributions made for you by your employer. No other contributions, for example after-tax contributions, can be accepted you may pay more tax on contributions made for you by your employer. In some circumstances, you may be able to claim back this additional tax, however time limits, fees and other rules may apply you may pay more tax on your super benefit than you would otherwise (although you can claim this back when you lodge your tax return). If you need help For assistance or to access the Privacy Policy and your personal information call the Super Hotline on Step 1 Complete your personal details Please print in black or blue pen, in capitals, one character per box. A Title Mr Mrs Ms Miss Other Date of birth / / Given names Surname - see note below Member number Name of your employer Providing your address In the future the Trustee anticipates providing information such as annual reports, member statements, exit statements and notices of any material changes or occurrence of significate events electronically, rather than in written form as we do at the moment. If this format becomes available and you d like to receive this information electronically please advise your address. Issued on behalf of Toyota Australia Superannuation Plan Pty Ltd ABN , AFSL RSE Licence L as Trustee for Toyota Australia Superannuation Plan ABN *TASPF.Z01UV1*

43 Your Privacy The Plan is administered by us along with our administration service provider, Mercer Outsourcing (Australia) Pty Ltd. We collect, use and disclose personal information about you in order to manage your superannuation benefits and give you information about your super. We may also use it to supply you with information about the other products and services offered by us and our related companies. If you do not wish to receive marketing material, please contact us on Our Privacy Policies are available to view at or you can obtain a copy by contacting us on If you do not provide the personal information requested, we may not be able to manage your superannuation. We may sometimes collect information about you from third parties such as your employer, a previous super fund, your financial adviser, our related entities and publicly available sources. We may disclose your information to various organisations in order to manage your super, including your employer, our professional advisers, insurers, our related companies which provide services or products relevant to the provision of your super, any relevant government authority that requires your personal information to be disclosed, and our other service providers used to assist with managing your super. In managing your super your personal information will be disclosed to service providers in another country, most likely to Mercer s processing centre in India. Mercer s Privacy Policies list all other relevant offshore locations. Our Privacy Policies set out in more detail how we deal with your personal information and who you can talk to if you wish to access and seek correction of the information we hold about you. It also provides detail about how you may lodge a complaint about the way we have dealt with your information and how that complaint will be handled. If you have any other queries in relation to privacy issues, you may contact us on or write to our Privacy Officer, GPO Box 4303 Melbourne VIC Step 2 Provide your tax file number and sign the form Tax file number: - - By signing this form I understand: the circumstances in which my tax file number is collected and used. I consent to my information being collected, disclosed and used in the manner set out in this form. Signature Date / / Please return your completed form to Toyota Australia Superannuation Plan, GPO Box 4303, Melbourne, VIC *TASPF.Z01UV1*

44 Logo to be inserted Toyota Australia Superannuation Plan Rollover form Roll other super money into the Toyota Australia Superannuation Plan Just fill in this form and send it back to Toyota Australia Superannuation Plan. It s that simple. We will contact your other fund managers and look after all the transfer details. There is no charge from Toyota Australia Superannuation Plan for this service. If you have more than one fund you want to transfer, you can photocopy this form. Your transfer will be processed faster if you attach a copy of a recent Member Statement from your old super fund. Check the back of this form for more helpful notes about transferring your previous super benefit and completing proof of identity. If you need help For assistance call the Super Hotline on Step 1 Complete your personal details Please print in black or blue pen, in capitals, one character per box. A Title Mr Mrs Ms Miss Other Date of birth / / Given names Surname Residential address Suburb State Postcode Postal address (if different from above) Suburb State Postcode Daytime Telephone - - see note below Mobile Providing your address In the future the Trustee anticipates providing information such as annual reports, member statements, exit statements and notices of any material changes or occurrence of significate events electronically, rather than in written form as we do at the moment. If this format becomes available and you d like to receive this information electronically please advise your address. Issued on behalf of Toyota Australia Superannuation Plan Pty Ltd ABN , AFSL RSE Licence L as Trustee for Toyota Australia Superannuation Plan ABN *TASPF.Z01QR1*

45 Step 2 Provide details of your previous super fund Name of previous fund or policy Address of previous fund Suburb State Postcode Telephone Membership or policy number - Name of old employer who contributed to the previous fund Date ceased employment with this employer Approximate value / / $,, Your Privacy The Plan is administered by us along with our administration service provider, Mercer Outsourcing (Australia) Pty Ltd. We collect, use and disclose personal information about you in order to manage your superannuation benefits and give you information about your super. We may also use it to supply you with information about the other products and services offered by us and our related companies. If you do not wish to receive marketing material, please contact us on Our Privacy Policies are available to view at or you can obtain a copy by contacting us on If you do not provide the personal information requested, we may not be able to manage your superannuation. We may sometimes collect information about you from third parties such as your employer, a previous super fund, your financial adviser, our related entities and publicly available sources. We may disclose your information to various organisations in order to manage your super, including your employer, our professional advisers, insurers, our related companies which provide services or products relevant to the provision of your super, any relevant government authority that requires your personal information to be disclosed, and our other service providers used to assist with managing your super. In managing your super your personal information will be disclosed to service providers in another country, most likely to Mercer s processing centre in India. Mercer s Privacy Policies list all other relevant offshore locations. Our Privacy Policies set out in more detail how we deal with your personal information and who you can talk to if you wish to access and seek correction of the information we hold about you. It also provides detail about how you may lodge a complaint about the way we have dealt with your information and how that complaint will be handled. If you have any other queries in relation to privacy issues, you may contact us on or write to our Privacy Officer, GPO Box 4303 Melbourne VIC *TASPF.Z01QR1*

46 Step 3 Sign the form I request that you transfer the total value held in respect of me for the above super fund or policy to the Toyota Australia Superannuation Plan: I understand that on payment by my previous super fund, I discharge that super fund from any further liability in respect of the amount transferred I approve the deduction of any appropriate exit fees from the amount transferred subject to legislative restrictions I request that any further contributions received by my previous super fund after my payment, be redirected to my membership with the Toyota Australia Superannuation Plan. I understand that I will receive confirmation once my money has been received in the Toyota Australia Superannuation Plan. I understand that I have the right to ask my previous super fund for information that I reasonably require for the purpose of understanding any super entitlements I may have in that fund, including information about any fees and charges that may apply to the transfer and information about the effect of the transfer on any entitlements I have in my previous super fund. I confirm that I do not require such information from my previous fund. I understand and consent to my information being collected, disclosed and used in the manner set out in this form. Signature Date / / Notes for previous superannuation provider Name of Plan: Toyota Australia Superannuation Plan SFN: ABN: RSE Licence: L Registration No: R When transferring money in to Toyota Australia Superannuation Plan please note: Toyota Australia Superannuation Plan is a regulated super plan under the Superannuation Industry (Supervision) Act Accordingly the Toyota Australia Superannuation Plan can accept the rollover of both preserved and non-preserved benefits in accordance with the Superannuation Industry (Supervision) Act. Cheques should be made payable to Toyota Australia Superannuation Plan Account of [member s name] Please forward: - this authority - the cheque - a Rollover Benefits Statement - other associated documentation to Toyota Australia Superannuation Plan GPO Box 4303 Melbourne VIC 3001 *TASPF.Z01QR1*

47 COMPLETING proof of identity PRIMARY PHOTOGRAPHIC IDENTIFICATION You will need to provide a copy of one of the following primary identification documents: Current Australian or foreign driver s licence (including the back of the driver s licence if your address has changed) Australian passport Current foreign passport 1, or similar document issued for the purpose of international travel 1 Current card issued under a State or Territory for the purpose of proving a person s age Current national identity card issued by a foreign government for the purpose of identification 1 Identification documents must not be expired (excepting an Australian passport which may be expired within 2 years). ALTERNATIVE IDENTIFICATION If you are unable to provide any primary photographic identification, you will need to provide two identification documents, one from each of the following lists: Birth certificate or birth extract 1 Citizenship certificate issued by the Commonwealth Pension card issued by the Department of Human Services (Centrelink) that entitles the person to financial benefits AND Letter from the Department of Human Services (Centrelink) or other Government body in the last 12 months regarding a Government assistance payment Tax Office Notice of Assessment issued in the last 12 months Rates notice from local council issued in the last 3 months Electricity, gas or water bill issued in the last 3 months Landline phone bill issued in the last 3 months (mobile phone bills will not be accepted) NAME CHANGE If you have changed your name, you must provide a certified copy of the relevant name change document 1, for example, a Marriage Certificate issued by the Registry of Births Deaths & Marriages, Decree Nisi or Deed Poll (in addition to the above identification). If your legal name or date of birth does not match exactly to our records (excluding aforementioned name changes), please contact us for further instructions. SIGNING ON BEHALF OF ANOTHER PERSON If you are signing on behalf of the applicant you will need to provide the following: A certified copy of the Guardianship papers or Power of Attorney; and A certified copy of the appropriate proof of identity for the holder of the Guardianship or Power of Attorney. Note: ID is not required for the member only for the Power of Attorney 1 Translation: If your identification is written in a language other than English, the identification must be accompanied by an English translation prepared by a translator accredited by the National Accreditation Authority for Translators and Interpreters Ltd. (NAATI) at the level of Professional Translator or higher (or an equivalent accreditation), to translate from a language other than English into English. HOW TO CERTIFY DOCUMENTS After sighting the original and the copy and making sure both documents are identical, the certifier must include on EACH page: Written or stamped certified true copy Qualification (such as Justice of the Peace, Australia Post employee, etc) Signature and printed full name Date (the date of certification must be within the 12 months prior to our receipt) IDENTIFICATION Certified true copy J. Sample Mr John Sample Justice of Peace Registration No Date: 01/02/2012 A clear copy of the document that identifies you (i.e. your driver s licence (front and back) or passport) Write or stamp certified true copy of the original document The authorised person s signature Full name, qualification and registration number (if applicable) of the authorised person Date of certification (within 12 months of receipt) Verification A verification of the certifying party may be performed. If a discrepancy arises, you may be requested to re-certify documentation. Important Note The information in this document is a guide only and we may request additional documentation prior to any payment. Issued on behalf of Toyota Australia Superannuation Plan Pty Ltd ABN , AFSL RSE Licence L as Trustee for Toyota Australia Superannuation Plan ABN V7.0

48 COMPLETING proof of identity WHO CAN CERTIFY DOCUMENTS IN AUSTRALIA? Permanent employee of the Australian Postal Corporation with 2 or more years of continuous service who is employed in an office supplying postal services to the public. Agent of the Australian Postal Commission who is in charge of an office supplying postal services to the public. Australian Consular Officer or Australian Diplomatic Officer (within the meaning of the Consular Fees Act 1955) Bailiff Bank officer, building society officer or credit union officer (with two or more continuous years of service) Commissioner for Affidavits or Declarations Court Officer, Registrar or Deputy Registrar of a Court, Judge, Clerk, Magistrate, Master of a Court, Chief Executive Officer of a Commonwealth Court Fellow of the National Tax Accountant s Association Finance Company Officer (with two or more continuous years of service with one or more finance companies) Justice of the Peace Legal practitioner Marriage celebrant (registered under Subdivision C of Division 1 of Part IV of the Marriage Act 1961) Medical practitioner, chiropractor, dentist, nurse, optometrist, physiotherapist, psychologist Member of Chartered Secretaries Australia Member of Engineers Australia (other than at the grade of student) Member of the Association of Taxation and Management Accountants Member of the Australasian Institute of Mining and Metallurgy Member of the Australian Defence Force (who is an officer; or a non-commissioned officer within the meaning of the Defence Force Discipline Act 1982 with two or more years of continuous service or a warrant officer within the meaning of that Act) Member of the Institute of Chartered Accountants in Australia, the Australian Society of Certified Practising Accountants or Member of the Institute of Public Accountants. Member of Commonwealth Parliament, State Parliament, Territory Legislature or a Local Government Authority (State or Territory) Minister of Religion (under Subdivision A of Division 1 of Part IV of the Marriage Act 1961) Notary Public Officer with, or Authorised Representative of an Australian Financial Services Licensee (who has had at least two years of continuous service with one or more licensees) Officer with, or a credit representative of, a holder of an Australian credit licence (who has had at least two years of continuous service with one or more licensees). Permanent employee of the Commonwealth (or Commonwealth Authority) or a State or Territory (or State or Territory Authority) or a Local Government Authority with two or more years of continuous service Person before whom a statutory declaration may be made under the law of the State or Territory in which the declaration is made Pharmacist Police Officer, Sheriff or Sheriff s Officer Senior Executive Service Employee of the Commonwealth (or Commonwealth Authority) or a State or Territory (or State or Territory Authority) Teacher employed on a full-time basis at a school or tertiary education institution Trade marks attorney Veterinary surgeon WHO CAN CERTIFY DOCUMENTS OUTSIDE OF AUSTRALIA an authorised staff member of an Australian Embassy, High Commission or Consulate an authorised employee of the Australian Trade Commission who is in a country or place outside Australia an authorised employee of the Commonwealth of Australia who is in a country or place outside Australia a Member of the Australian Defence Force who is an officer or a non-commissioned officer with 5 or more years of continuous service a Notary Public from a country ranked 129 or below in the latest Transparency International Corruptions Perception Index: V7.0

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50 How to contact us Visit Call Super Hotline on Write Face to face Toyota Admin Team Mercer GPO Box 4303 MELBOURNE VIC 3001 The Secretary Toyota Australia Superannuation Plan 494 Grieve Parade ALTONA NORTH VIC Issued by Toyota Australia Superannuation Plan Pty Ltd ABN , AFSL , as Trustee of the Toyota Australia Superannuation Plan ABN