Member guide. Superannuation and Personal Super Plan. Product Disclosure Statement 13 November 2017

Transcription

1 Member guide. Superannuation and Personal Super Plan Product Disclosure Statement 13 vember 2017

2 2 Contents 1. About Hostplus. 2. How super works. 3. Benefits of investing with Hostplus. 4. Risks of super. 5. How we invest your money. 6. Fees and costs. 7. How super is taxed. 8. Insurance in your super. 9. How to open an account. Here to help. Call , 8am 8pm (AEST), Monday to Friday Fax Visit hostplus.com.au Mail Locked Bag 5046, Parramatta NSW 2124 This PDS is a summary only and includes links to important, additional information available at hostplus.com.au. The links are indicated with the symbol. You should read this information before deciding whether to join Hostplus. This PDS was prepared in accordance with Subdivision 4.2B of Division 4 of Part 7.9 of the Corporations Regulations WARNING: This guide is a summary of significant information and contains a number of references to important information (each of which forms part of the guide). You should consider that information before making a decision about the product. The information in this guide is general information only and does not take into account your personal financial situation or needs. You should obtain financial advice tailored to your personal circumstances. The information in this guide is correct as at the date of publication. In the event of a material change occurring to any information contained in this guide, irrespective of whether it is adverse or not, the trustee will notify existing members in writing within the time frames required by law. Updated information is available online at hostplus.com.au. Where a change to information in the guide is not materially adverse, for example, changes to the net fund earning rate and individual investment manager options, the trustee will provide updated information at hostplus.com.au. Issued by Host-Plus Pty Limited ABN , AFSL , RSEL. L as trustee for the Hostplus Superannuation Fund ABN , RSE. R , MySuper About Hostplus. Hostplus is the industry superannuation fund for the hospitality, tourism, recreation and sport industries but generally, anyone can join. Founded in 1988, we offer low administration fees, we don t pay commissions to financial planners and we re run to benefit our members you. Managing more than $26 billion of members funds, we ve been awarded some of the most prestigious accolades in the industry, including SuperRatings Fund of the Year in 2007, 2008 and We re the proud winner of Money magazine s Best of the Best award for Lowest-Cost Balanced Super Fund (for the Indexed Balanced Option) for five years running, 2013 to We were also delighted to be awarded the Super Fund of the Year as well as Retirement Product of the Year at the 2014 SelectingSuper Awards. Hostplus was again awarded Super Fund of the Year in We also hold premium ratings a AAA Fund Quality rating from Rainmaker, Chant West s highest quality rating 5 Apples, and a SuperRatings Platinum Rating. Rainmaker recently awarded Hostplus the Investment Leadership Award which recognises quality in leadership provided by a superannuation fund within their investment function. The award also recognises distinct investment approaches, quality performance, strong communication and market insight. Hostplus was the proud winner of Chant West s Integrity Award 2017, an award which recognised Hostplus striking the right balance between offering lower fees and premiums and continuing to provide benefits and services that members really need, including quality investment and insurance, financial advice and effective member engagement. Our members can immediately access a range of extras, like low cost banking and, for eligible members, savings on travel and accommodation and regardless of whether you change jobs or leave the industry, you can always stay with Hostplus and continue enjoying the benefits of being a member. In fact, we can help you plan every stage of life, even after you retire through Hostplus Pension. You can find important governance information about Hostplus at hostplus.com.au including: Trust Deed and governing rules Annual Report to members Financial Services Guide Our service providers How directors are appointed Statistics on board attendance Information about our Directors and Executive team, including how they are paid. Hostplus is authorised to offer a MySuper product (Balanced investment option); a straightforward, low cost option that suits most members. You ll find our MySuper Product Dashboard at hostplus.com.au/dashboard. You also have other options to choose from see Section 5. How we invest your money for details. Make sure you read this section before you decide which option suits you. Further information on how to join Hostplus can be found in Section 9. How to open an account.

3 3 2. How super works. Superannuation (Super) might seem complex but it s basically money put aside for your retirement. To start with, it s made up of compulsory contributions from your employer called the Superannuation Guarantee (SG). Currently the SG rate is 9.5%, so your employer contributes at least 9.5% of your ordinary time earnings (primarily your salary) to a super fund where that money is invested for you. Using your super to save for your retirement could deliver tax benefits. That s because your contributions and investment earnings are generally taxed at a lower rate than the tax on your salary and are re-invested over time until your retirement and they re generally tax-free on withdrawal after you turn 60. Under Choice of Fund legislation, most workers are eligible to choose what fund their super contributions are paid into. Choosing the right fund now, can make a lifetime of difference later. Contributions. For many people, SG contributions alone may not be enough to cover the cost of retirement. To encourage you to maximise your retirement savings, the Federal Government provides tax savings and other incentives to boost your super. Some easy ways to add to your super include: Personal contributions from your after-tax salary (non-concessional contributions) Contributions from your before-tax salary (concessional contributions). These include personal contributions for which you have claimed a tax deduction or salary sacrifice (some employers offer this) Government co-contributions, if you are eligible Spouses can split their before-tax contributions with each other Spouse contributions, if you are a low income earner Rolling your other super accounts into Hostplus. Limits on contributions. There are various limits (or caps) that apply to contributions. Further information can be found in Section 7. How super is taxed. Accessing your super. Generally, you cannot withdraw your super until you reach your preservation age (the minimum age set by law when you can access your super). The current preservation age is between 57 and 60, depending on your date of birth. You should read the important information about How super works before making a decision. Go to pds. hostplus.com.au/2-how-super-works. The material relating to How super works may change between the time when you read this Statement and the day when you acquire the product. 3. Benefits of investing with Hostplus. Hostplus is run to benefit our members. We re an industry super fund, so we don t pay commissions to financial advisers or dividends to shareholders. Instead, we re-invest that money for the benefit of our members. These are some of the benefits you will enjoy when you join Hostplus. Low administration fees Strong performance Insurance to protect you and your family Online access A wide range of investment options You pay a low administration fee of $1.50 per week (a fee which has remained unchanged since 2004). Our Balanced investment option is ranked number one over 1, 3, 5 and 7 years and top quartile over 10 years to 30 June 2017 of all investment options surveyed in the SuperRatings Fund Crediting Rate Survey SR50 Balanced (Source: SuperRatings Fund Crediting Rate Survey, 19 July 2017).* Protecting your assets is an important part of a smart financial plan. For your peace of mind, Hostplus offers several insurance options to cover you for death and disability as well as salary continuance, protecting your income if you re unable to work due to illness or injury. With your Member Online account you can keep track of your super 24/7. You can update your personal details, make an investment choice, apply to increase or change your insurance cover, and review your account balance and contributions. You can even access your details by a convenient member card that lives on your mobile phone. Because everyone has different goals, we offer a wide range of investment options to suit your investment timeframe, long-term goals, and risk profile from growth asset classes such as equity and property to defensive asset classes like fixed income and cash. *Past performance is not a reliable indicator of future performance. You should read the important information about Benefits of investing with Hostplus before making a decision. Go to pds.hostplus.com.au/3-benefits-of-investing-withhostplus. The material relating to Benefits of investing with Hostplus may change between the time when you read this Statement and the day when you acquire the product. Talk to a Hostplus financial planner. Hostplus financial planners are here to help our members. Whether it s over the phone or in person, our planners can help you make the most of your opportunities. Talk to us on or visit hostplus.com.au/ financial-planning to make an appointment. Hostplus financial planners are licensed by Industry Fund Services Limited ABN , AFSL

4 4 4. Risks of super. It s important to know that all investments (including super) involve some risk. To offer members different levels of risk and potential return, Hostplus invests in a range of asset classes such as cash, fixed income, infrastructure, property and equity which can be further defined as defensive or growth. The mix of growth and defensive asset classes determines the likely net investment return and risk of a negative return for each investment option. For example, investment options with potentially the highest returns (such as equity), may also have the highest risk of loss over a shorter period of time. When considering the risks to your investment in Hostplus, you should understand that: The value of your investments can go up and down. The returns you receive on your investments will vary they can be positive or negative and previous returns are not indicative of future returns. Returns are not guaranteed and negative returns will result in a reduction in your account balance. The amount of your future superannuation savings, including contributions and investments, may not be enough to provide adequately for your retirement. Other significant risks to your investment are the impact of inflation, interest rates, exchange rates, liquidity, derivatives and market failure. There are also legal risks such as changes to superannuation law and changes to insurance terms and conditions. The level of risk appropriate for you will depend on your age, how long you are investing for, any other investments you may have, and how comfortable you are receiving negative returns in some years. You should read the important information about the Risks of super before making a decision. Go to pds.hostplus.com. au/4-risks-of-super. The material relating to the Risks of super may change between the time when you read this Statement and the day when you acquire the product. 5. How we invest your money. Hostplus offers a wide range of investment options for you to choose from, each with a different level of risk and return If you don t make an investment choice, your contributions will be automatically invested in the Balanced investment option, our default option, described opposite. As the MySuper authorised option, it suits people who plan to have their super invested for the long-term (six years or longer). Hostplus may add new investment options, remove or change an option (for example, its strategic asset allocation or objectives). If any of these changes are significant, we ll write to you or update you via hostplus.com.au. When making your investment choice you must consider the potential risk and return of an investment option and whether it suits your risk profile and timeframe, ie. how much time you have until your retirement. Choose from our wide range of investment options. Pre-mixed options Pre-mixed asset classes offer asset classes mixed to provide different risk/return profiles: Capital Stable Indexed Balanced Conservative Balanced Balanced (default) Socially Responsible Shares Plus Investment - Balanced Hostplus Life Sector investment options Investment in a specific asset class only: Cash Diversified Fixed Interest Property Australian Shares International Shares Individual manager options International Shares - Indexed International Shares (Hedged)- Indexed Investment in an individual investment manager from these asset classes: Equity, Infrastructure, Property and Fixed income. Various investment options Choiceplus investment option Direct investment in shares in the S&P/ASX 300 index, selected Exchange Traded Funds (ETFs), Listed Investment Companies (LICs) and term deposits via the online Choiceplus investment platform at hostplus.com.au/choiceplus You can easily change your investment choice at no cost. And you can combine any number of our investment options provided you have a minimum of 1% of your super invested in any selected option. Please note however, that there are different investment limits within the Choiceplus investment option. Visit hostplus.com.au/ choiceplus to find out more. Balanced option, our default investment option Return target Level of Investment risk* Investment style Who is this investment suitable for? Suggested minimum investment timeframe # CPI plus 3.5% per annum on average over 10 years. CPI plus 4% per annum on average over 20 years. High. Negative returns expected in between 4 and 5 out of every 20 years. Investments through a diversified investment portfolio, including some growth assets and some lower risk investments. This option is diversified across a range of growth and defensive assets and aims to produce consistent returns over time. This option may suit members who have a six-yearplus investment time horizon. 6 years + *The Level of investment risk is based on an industry-wide Standard Risk Measure. It shows the number of expected negative annual returns over a 20-year period. # The Suggested minimum investment timeframe is based on the risk and return profile of this option. The timeframe considers volatility and the likelihood of negative annual returns in any one year.

5 5 Balanced option asset allocation. Range Benchmark Growth assets 76% Equity Australian shares 15 45% 25% International shares Developed markets 10 30% 20% Emerging markets 0 15% 8% Private equity 0 15% 6% Infrastructure 0 15% 7% Property 0 15% 4% Other Credit 0 10% 2% Alternatives 0 10% 4% Defensive assets 24% Infrastructure 0 10% 5% Property 0 20% 9% Fixed income 0 20% 2% Cash 0 10% 0% Other Credit 0 10% 6% Alternatives 0 10% 2% You should read the important information about How we invest your money before making a decision. Go to pds. hostplus.com.au/5-how-we-invest-your-money. The material relating to How we invest your money may change between the time when you read this Statement and the day when you acquire the product. 6. Fees and costs. Consumer advisory warning. Did you know? Small differences in both investment performance and fees and costs can have a substantial impact on your long-term returns. For example, total annual fees and costs of 2% of your account balance rather than 1% could reduce your final return by up to 20% over a 30-year period (for example, reduce it from $100,000 to $80,000). You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs. You or your employer, as applicable, may be able to negotiate to pay lower 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. Please note: This Consumer Advisory Warning is prescribed by law. However, the statement concerning the possibility of negotiating fees is not applicable to Hostplus. Fees and other costs. This section provides summary information about the main fees and costs for the Hostplus Balanced option. This information can be used to compare costs between different superannuation products. Other fees may apply and you should read all the information about fees and costs because it is important to understand their impact on your investment. The fees and other costs for each investment option offered by Hostplus, including definitions for each fee type, are set out at pds.hostplus.com.au/6-fees-and-costs Hostplus Balanced option Type of fee Amount How and when paid Investment fee 1.01% 2 The investment fee is not deducted from your account balance. It is deducted daily from gross investment earnings before net investment returns are applied to your account. Administration fee $78.00 p.a. ($1.50 per week) The Administration Fee is deducted from your account each month and is paid into the Fund s Administration Reserve. Buy sell spread Nil t applicable Switching fee Nil t applicable Exit fee Nil t applicable Advice fee Relating to all members investing in the MySuper product or investment option Other fees and costs 1 Indirect Cost Ratio (ICR) Nil t applicable 0.44% 2 The ICR is not deducted from your account balance. It is deducted daily from gross investment earnings before net investment returns are applied to your account. 1. See Additional explanation of fees and costs at pds.executive. hostplus.com.au/6-fees-and-costs for a description of other fees and costs not disclosed in this PDS, such as activity fees, advice fees for personal advice or Choiceplus fees. 2. The Investment fee and ICR Investment fees and costs are estimated for the financial year ended 30 June Investment fees (but not ICR) include performance fees which may vary from year to year. Because the investment fees and costs are estimates based on the previous financial year s investment performance, fees and costs payable in respect of each future year may be higher or lower. Example of annual fees and costs for a MySuper product. This table gives an example of how the fees and costs for the default Balanced investment option can affect your superannuation investment over a 1 year period. You should use this table to compare this superannuation product with other superannuation products.

6 6 Example - Hostplus Balanced option Additional fees may be paid to a financial advisor if a financial advisor is consulted. Refer to the Statement of Advice in which details of the fees are set out. You should read the important information about Fees and costs before making a decision. Go to pds.hostplus.com. au/6-fees-and-costs. The material relating to our Fees and costs may change between the time when you read this Statement and the day when you acquire the product. 7. How super is taxed. Balance of $50,000 Investment fees 1.01% For every $50,000 you have in the superannuation product you will be charged $505 each year. PLUS Administration fees PLUS Indirect costs for the MySuper product Equals Cost of product $78.00 ($1.50 per week) And, you will be charged $78 in administration fees regardless of your balance. 0.44% And, indirect investment costs of $220 each year will be deducted from your investment. If your balance was $50,000, then for that year you will be charged fees of $803 for the superannuation product. te: Additional fees may apply. And, if you leave the superannuation entity, you may be charged an exit fee of $0 and a buy/sell spread which also applies whenever you make a contribution, exit, rollover or investment switch. The buy/sell spread for exiting is 0% (this will equal to $0 for every $50,000 you withdraw). To calculate the effect of fees and costs on your account balance, try the super calculator at There are various tax levels that apply at different times on payments into your account (contributions), investment earnings and on the withdrawal of super benefits. Tax is deducted from your super account and paid to the ATO. There are limits on how much you can contribute to super. Type of contribution and limits Before tax (concessional) such as employer, salary sacrifice and self-employed contributions After-tax (nonconcessional) from your net salary such as personal and spouses contributions 15% on amounts up to $25,000 a year cap Amounts over the cap will be taxed at your marginal tax rate plus an excess concessional contributions charge 1. 0% under $100,000. Over $100,000 may be subject to tax depending on your age or total superannuation balance. If under age 65 you may bring forward your non-concessional contribution of up to three times the yearly non-concessional contributions cap in a single year depending on your total super balance. Your total superannuation balance is the total value of your accumulation and retirement phase interests (including rollover amounts not yet included in those interests) across all of your superannuation accounts. 1. te: the tax rate figures above do not include the 2% Medicare levy which is also payable. Tax on contributions 1 July 2017 to 30 June If your total income (including your before-tax contributions) is over $250,000, you may pay an additional tax of 15% (ie. 30% tax) on taxable contributions exceeding $250,000. If you exceed the before-tax or after-tax contributions cap, you will pay additional tax to the ATO. Before-tax contributions over the cap are paid from your personal savings. After-tax contributions over the cap are paid from your super account. Tax on withdrawals 1 July 2017 to 30 June Component Tax if you are under 60 Tax-free Taxable taxed element 1 tax payable. Below preservation age, taxed at 20% 1. Preservation age - 59 years, the first $200,000 2 is tax-free and the balance is taxed at 15% 1. Plus Medicare Levy. 2. The $200,000 lifetime limit is the total of all the taxable payments you receive or are paid before you reach age 60 (even if you receive them in different financial years). Tax deductions. If you re eligible, you may be able to claim your personal contributions to Hostplus Executive during the year as a tax deduction. This may be useful to self-employed people and employees whose employer doesn t allow salary sacrifice. Tax on investment earnings Investment earnings are taxed at up to 15%. This tax is deducted from the earnings that apply to your super, before the earnings are added to your account. Tax File Numbers (TFNs). It is in your interest to supply your TFN when you join. Generally, higher tax is payable on your contributions and withdrawals if you don t supply your TFN and Hostplus Executive will not be able to accept your personal contributions. You will also be ineligible for the Government co-contribution incentive. You should read the important information about How super is taxed before making a decision. Go to pds. executive.hostplus.com.au/7-how-super-is-taxed. The material relating to How super is taxed may change between the time when you read this Statement and the day when you acquire the product. 8. Insurance in your super. Right now, your most valuable assets are your health, family and your income-earning potential. Protecting them against the unexpected should be an important part of your strategy. That s why at Hostplus we offer eligible members automatic insurance with an option to increase their cover upon joining. Hostplus insurance cover is provided by MetLife Insurance Limited (MetLife) ABN , AFSL

7 7 Automatic (Default) Death and Total & Permanent Disability (TPD) insurance when you join. Generally, if you ve joined through your participating employer (Industry members) you receive automatic, unitised Death and TPD insurance cover once your employer makes a contribution to your super account, subject to certain timing conditions. With our automatic insurance, the number of units you receive depends on your age next birthday. The number of units then determines the level and cost of cover. Premiums are deducted from your super account and insurance cover continues as long as there are sufficient funds to pay the premiums. Members who meet the eligibility criteria can apply for the Management/Clerical (white collar) rates or Professional rates where you can receive the same level of cover at less cost. Conditions apply. See the Death and TPD and Death Only table in the next column. Unless you cancel your automatic insurance, the premiums will continue to be deducted from your Hostplus account, as long as there are sufficient funds to pay the premiums. If, for whatever reason, more than one account is opened for you at Hostplus, you are only eligible for one insurance benefit. The information in this section is a brief summary only. Full information about eligibility, the cancellation of insurance cover, any conditions or exclusions in relation to insurance cover and information about the level, type, actual cost (or ranges of costs) of optional insurance cover or any other matter in relation to insurance cover is provided at pds. hostplus.com.au/8-insurance-in-your-super. Accordingly, that information should be read before deciding whether the insurance is appropriate. Other insurance. Hostplus offers eligible members: Insurance cover in addition to the automatic levels of Death and TPD cover and Death Only cover provided. Terminal illness benefits as part of your death benefits. Salary Continuance cover in case you can t work due to injury or illness. There s also: A special insurance offer on joining available to eligible members to upgrade their Death and TPD cover, and apply for Salary Continuance cover by providing limited medical information. Specific life events cover where changes in your life let you boost your cover. The option of transferring your insurance from another super fund or retail insurance policy. When applying for Death and TPD or Death Only cover, you can choose from: Unitised cover, where benefits decrease over time but the premiums remain the same, or Fixed cover, where benefits remain fixed but premiums alter depending on your age. Death and TPD and Death Only insurance: Unitised cover table. There are costs associated with insurance. For Industry members, the table below shows the default number of units, level of cover per unit and cost per unit you will receive at age next birthday. Age next birthday Value per unit of Default Death or TPD Cover For unit cost per week, see next page. Default units for new members joining Death TPD 12 to 16 $28, to 19 $28, to 25 $28, to 30 $28, to 35 $28, $28, to 38 $28, $28, $29, $26, $24, $21, $18, $15, $13, $11, $10, $8, $7, $6, $5, $5, $4, $3, $3, $2, $2, $2, $1, $1, $1, $1, $1, $1, to 70 $1,

8 8 Unit cost per week Standard Management Professional Death Only $0.26 $0.18 $0.13 TPD $0.37 $0.25 $0.17 Death & TPD $0.63 $0.43 $0.30 How to apply. New Industry members, aged under 65 can apply within prescribed time limits to take up the special insurance offer on joining in the Membership form: for additional units of cover, to replace their unitised cover with fixed cover, and for Salary Continuance cover. Members can also apply for higher levels of cover online at hostplus.com.au/insurance. Members can opt out of automatic (default) insurance online at hostplus.com.au/insurance or cancel their insurance cover at any time by writing to us. Personal Super Plan members. If you re joining the Personal Super Plan, you will receive automatic, fixed-benefit Death and TPD cover to the value of $100,000 if you are aged 60 years or under. If you are aged 61 to 64, you will receive fixed benefit Death cover to the value of $100,000. Your TPD cover will be a proportion of your Death cover. Personal Super Plan members may apply for any insurance offered, except for the special insurance offer on joining mentioned above. You should read the important information about Insurance in your super before making a decision. Go to pds.hostplus.com.au/8-insurance-in-your-super. The material relating to our insurance may change between the time when you read this Statement and the day when you acquire the product. 9. How to open an account. Hostplus Industry members. Generally anyone can join Hostplus, as long as you are an Australian resident for tax purposes or are employed by an eligible Australian employer. Applications made from persons outside Australia who are not employed by an eligible Australian employer will not be accepted. You can become a Hostplus member if: Hostplus is the chosen super fund of your employer and they have become a participating employer you have requested that your employer become a participating employer, or Hostplus is the nominated super fund in your employment agreement or award. You can join Hostplus online at hostplus.com.au or by completing and returning the Membership application available at hostplus.com.au/forms Hostplus Personal Super Plan members. You can become a Hostplus Personal Super Plan member if: You re eligible for Super Choice, ie. you re employed by a non-hostplus participating employer, You re self-employed, or You re not in paid employment, You can join the Hostplus Personal Super Plan online at hostplus.com.au or by completing and returning the Personal Super Plan membership form available at hostplus.com.au/forms. Hostplus Personal Super Plan cooling-off period. A 14-day cooling-off period applies for Personal Super Plan applicants. Full details of the cooling-off period are available at pds.hostplus.com.au/9-how-to-openan-account You should read the important information about How to open an account before making a decision. Go to pds.hostplus.com.au/9-how-to-open-an-account. The material relating to opening an account may change between the time when you read this Statement and the day when you acquire the product. Other information. Super search consent. If you ve had more than one job, you may have more than one super account and you could be paying fees on every one of them. Hostplus can help you find your other super accounts at no cost. By giving us permission to search for your other super using your TFN, we can help you track down and (if you choose), combine your super for you. You can provide consent on the Tax File Number notification form or when you provide your TFN at hostplus.com.au/tfn. If we find other super accounts in your name, we ll contact you to ask if you want to join your accounts together in Hostplus. Enquiries and complaints. If you have an enquiry or complaint, just call We ll do everything in our power to attend to your matter promptly and courteously. If you are not happy with the way your matter is handled, we want to know. Please write to us at: Hostplus, Resolutions Officer, Locked Bag 9, Carlton South VIC 3053 If you are not satisfied with either the way Hostplus handles your complaint or its resolution, you may contact the Superannuation Complaints Tribunal (SCT). You can contact the SCT on for the cost of a local call, or you should address any correspondence to the SCT at: Superannuation Complaints Tribunal, Locked Bag 3060 MELBOURNE VIC 3001 In some cases, you may also be able to ask the Financial Ombudsman Service (FOS) to resolve a dispute. FOS is an independent dispute resolution body. Depending on the nature of the complaint, FOS may have jurisdiction. You can lodge a dispute at or contact FOS on , 9am 5pm. You should address any correspondence to FOS at: Financial Ombudsman Service, GPO Box 3, MELBOURNE VIC /17 ISS7

9 Hostplus Superannuation Fund and Hostplus Personal Super Plan. Member forms 31 October 2016

10 Which forms do I need? 1 Membership form. Use this form if you are joining Hostplus through your employer. Generally anyone can join Hostplus, as long as you reside in Australia or are employed by an eligible Australian employer. Applications made from persons outside Australia who are not employed by an eligible Australian employer will not be accepted. 2 Request to transfer your entire account balance into Hostplus. Complete this form to transfer superannuation you hold in other funds to Hostplus. Did you know you can also join Hostplus online at hostplus.com.au 3 Standard choice form. Complete this form and provide it to your employer to ensure your super contributions are paid to Hostplus. 4 Personal Super Plan membership form. Use this form if you are not joining through your employer (ie. you are selfemployed, not employed or are exercising choice of fund) you will be joining the Personal Super Plan. Applications to join the Hostplus Personal Super Plan by those residing outside Australia will not be accepted. Still unsure? Check with your employer (if appropriate) or call us on Additional information for your employer. Choosing a super fund. A guide for employers and employees Letter of compliance

11 Office use only Membership form. 31 October 2016 Complete this application if you are joining Hostplus through your employer. This application is for joining Hostplus if: You are joining through your employer who is, or has become, a participating Hostplus employer, or You have requested that your employer becomes a participating employer. How to complete this form Complete all fields marked with an asterisk (*). This form must be completed in full by the person to be insured. Please use BLOCK letters and black or blue pen. Any changes made to this application are to be initialled by the person to be insured. Answer all the questions as accurately as possible and provide additional information wherever requested. As part of your application, you may be required to undergo additional medical tests and as part of the overall assessment process MetLife will contact you on your preferred phone number if further information is required. You should read the current Member Guide (Product Disclosure Statement) and the associated reference material available at hostplus.com.au or call us on to obtain a copy before completing this form. 1 Provide your personal details. Title Mr Mrs Ms Dr Other Given names* Payroll number (if applicable) Surname* Date of birth* Current address Gender* Male Female Suburb State P/C Country Hostplus communications will be sent to your postal address. This includes your membership card and statements. Home phone Mobile phone* Preferred method of contact* (please select one) Mail Phone Occupation address*

12 1 Provide your personal details cont'd. Have you previously been registered as a member of Hostplus? Yes please provide your Hostplus membership number. If you wish to open a Spouse Account with Hostplus, you need to apply using the Personal Super Plan membership form included in this forms booklet. 2 Provide us with your Tax File Number (TFN). Under the Superannuation Industry (Supervision) Act 1993, Hostplus is authorised to collect your Tax File Number and will use it only for lawful purposes. These purposes may vary in the future as a result of legislative change. The trustee may disclose your TFN to another superannuation provider when your benefits are being transferred, unless Hostplus is advised otherwise in writing. While it is not an offence not to quote your TFN, generally there are significant consequences if your TFN is not quoted or incorrectly quoted. Providing your TFN to Hostplus will allow us to accept all types of contributions to your account. It also means the tax on contributions to your account will not increase other than the tax that may ordinarily apply, and no additional tax will be deducted when you start drawing down your superannuation benefits. Providing your TFN will also make it easier to track different superannuation accounts in your name so you can receive all of your superannuation benefits when you retire. My Tax File Number is: 3 Use of the ATO s Super Match 2 Facility. The ATO has made this facility available to all Superannuation funds to: Assist members in findings lost Superannuation; Assist members in locating any unclaimed monies that the ATO may hold; and Assist and better inform members of all their Superannuation interests. By providing your consent to use your TFN for this purpose, we will access this facility, consolidate any ATO held monies into your Hostplus account, and provide you with all applicable information on other superannuation accounts held by you, by either or letter. Please note that your consent will be ongoing until it is revoked by you. By ticking this box, I: agree to Hostplus using my TFN to access the ATO SuperMatch 2 system in order to seek information relating to me; authorise Hostplus to arrange the transfer of all identified ATO held monies into my Hostplus account; and acknowledge that this consent is ongoing until I revoke it with the fund. (Please sign the declaration at Step 10). 4 Provide your employer s details. If you are not joining through your employer you should apply using the Personal Super Plan membership form. Your employer can provide you with their Hostplus account number and trading name. Your employer s Hostplus account number* Your employer s ABN* Your employer s trading name* Your employer can provide you with their Hostplus account number and trading name Your employer s telephone number Date commenced with employer* the date when you started with your current employer tells us when we should expect superannuation payments for you.

13 5 Advise us of your insurance cover details. Hostplus has taken out a contract of insurance with MetLife Insurance Limited ABN AFSL ( MetLife or the Insurer ) to provide the insurance cover in the fund. On becoming a member, insurance cover will be provided to you on the terms contained in Hostplus insurance contract issued by the Insurer (the Policy). By completing the insurance section of the form, you are requesting the Insurer to change your automatic insurance cover. The answers that you provide in this form may be used by MetLife to determine whether you are eligible to change your cover. For employees of Hostplus participating employers, Hostplus automatically provides insurance to eligible members aged between 11 and 69 years of age, subject to terms and conditions. If you are not At Work at the time your Cover Commences (Cover Commencement Date) your default cover will be Restricted Cover, until such time as you satisfy the insurer s requirements for Full Cover (see Hostplus Member Guide for more information.) This means that you will not be covered for an illness or injury known to you in the two years prior to your Cover Commencement Date. As a special offer to new members of Hostplus, you have the opportunity to increase your default Death and TPD insurance cover and/or obtain Salary Continuance cover provided you return this form within six months of the date you commenced work with your Participating Employer or 60 days from the date you received your Hostplus welcome letter, whichever is the later. Conditions apply. Please see the Hostplus Member Guide for more information. You can also use this form to fix your cover or upgrade to the Management/Clerical (White collar) scale. If you wish to vary your insurance cover as is otherwise provided for in this form, you can apply online at hostplus.com.au 5.1 Personal statement. This section must be completed in all circumstances. 1. Have you previously elected not to be covered for any benefits provided under any Group Life policy issued by the Trustee of Hostplus? Yes you are not eligible for automatic default cover or cover under Sections 5.2 (Special Insurance Offer) and 5.4 (Special Insurance Offer - Salary Continuance) unless accepted by the insurer. Acceptance remains subject to underwriting. 2. Have you previously received, applied for, are eligible, or in the process of applying for a Terminal Illness benefit from any source? Yes please provide details of super fund/insurer name and when. Date Fund/Insurer name You are not eligible for automatic default cover or cover under 5.2 (Special Insurance Offer) and 5.4 (Special Insurance Offer - Salary Continuance) unless accepted by the insurer. Acceptance remains subject to underwriting. 3. Have you previously received, applied for, are eligible, or in the process of applying for a Total and Permanent Disability (TPD) benefit from any source? Yes please provide details of super fund/insurer name and when. Date Fund/Insurer name If you have answered yes above, your insurance cover will be limited to Death only cover, at any time. You may however apply for TPD and Salary Continuance Cover and be eligible for this cover, if your application is accepted by the insurer. If you do not answer questions 1, 2 or 3 your response will be assumed to be NO. However if you later lodge a Death or TPD claim and it is found that you have failed to disclose your personal circumstances or you have previously received, applied for or been eligible for a TPD benefit, your claim under Hostplus may not be considered.

14 5.1 Personal statement cont'd. 4. Are you restricted, due to illness or injury from carrying out any of the identifiable duties of your current and normal occupation on a full time basis (even if you are not currently working on a full time basis)? Full time basis is considered to be at least 35 hours per week. 5. Are you contemplating or have you ever made a claim for sickness, accident or disability benefits, Workers Compensation or any other form of compensation due to illness or injury? 6. Have you been restricted from work or unable to perform any of your regular duties for more than seven consecutive days over the past 12 months due to illness or injury (other than for colds or flu)? 7. Have you been diagnosed with an illness that in a doctor s opinion reduces your life expectancy to less than 3 years? 8. Are you currently contemplating any medical treatment or advice for any illness or injury for which you have not previously consulted a medical practitioner or an existing illness or injury, which appears to be deteriorating? 9. Have you had an application for Life, TPD, Trauma or Salary Continuance insurance declined by an insurer? Yes Yes Yes Yes Yes Yes If you answer yes to any of the questions 4-9 above, you will not be eligible to increase your cover under 5.2 or To apply for additional units special offer for new Hostplus members. Complete this section to apply for additional units of Death only or Death and TPD cover. You cannot use this form to increase your Death cover if you answered 'yes' to question 1 or 2 in section 5.1 or your TPD cover if you have answered Yes to question 3 also in Section 5.1. Please note, members aged 65 or above are not eligible for the Special insurance offer upon joining. Please indicate the total number of units that you require by placing a in the relevant box. If your application is accepted, your existing allocation of insurance units will be changed to reflect the number of units you have requested in this form. If you are under age 25, indicate whether you would like a total of 8, 12 or 16 units of Death and TPD by placing a in the relevant box: 8 units Death and TPD 12 units Death and TPD 16 units Death and TPD If you are aged between 25 and 64, indicate whether you would like a total of 12, 16 or 20 units of Death and TPD by placing a the relevant box: in 12 units Death and TPD 16 units Death and TPD 20 units Death and TPD If you require higher levels of cover than indicated above, apply online at hostplus.com.au. 5.3 To apply to replace unitised cover with fixed cover (you must also complete section 5.5). Complete this section if you would like to fix the number of units you have selected above or nominate a fixed level of Death and TPD. Please note that you cannot hold unitised and fixed cover at the same time. Members aged 65 or above, or those not eligible for default insurance cover will not be eligible for the Special Insurance Offer upon joining. If you complete this section, your total cover will become fixed cover for Death and TPD cover. Indicate the level of fixed Death and TPD cover you require by placing a existing allocation of insurance unit will be replaced with fixed cover. in the relevant box. If your application is accepted, any 1. Would you like to convert the total number of units you have selected in section 5.2 to fixed cover? Yes proceed to 5.5 proceed to question 2 in this section 2. Fixed amount of Death and TPD cover $100,000 $200,000 $300,000 $400,000 $500,000 If you require fixed cover of more than $500,000, apply online at hostplus.com.au. Premium rates applicable for fixed cover will depend of the type of work you perform in your usual occupation (White, Light blue or Heavy blue collar).

15 5.4 Apply for Salary Continuance cover (you must also complete section 5.5). Complete this section if you wish to obtain Salary Continuance cover. Salary Continuance provides you with a benefit if you are unable to work due to injury or illness for longer than the waiting period. By using this form, you can select a monthly benefit of up to $4,000 per month (limited to 90% of salary, 75% paid to you & 15% superannuation), for a benefit period of up to two years. If you require more cover, or for a benefit period to age 65, apply online at hostplus.com.au. i) Please indicate the number of units of Salary Continuance cover you require by placing a in the relevant box. The table indicates the number of units that are required to insure each salary. You have the option to select Salary Continuance cover that relates to a lower salary than you receive. Salary Monthly benefit Units Place tick here $6,666 $500 5 $13,333 $ $20,000 $1, $26,666 $ $33,333 $ $40,000 $ $46,480 $ $53,120 $ *Salary is your current annual income from your usual occupation, including tax and superannuation contributions, but excluding business expenses. +The maximum monthly benefit you are entitled to cannot be higher than 90% of your monthly salary (75% being paid to you and 15% to your Hostplus account). ii) minate a waiting period by marking the appropriate box with a : 30 days 60 days 90 days * If you don t select a waiting period you will default to 90 days. The waiting period is the period during which you must be totally or partially disabled before any benefit is payable. You are not entitled to any benefit for this period. iii) To the best of your knowledge have you taken more than a total of seven days off work over the past 12 months due to illness or injury (other than for colds or flu)? Yes apply online at hostplus.com.au as your current application for Salary Continuance cover cannot proceed without more detailed information being provided.

16 5.5 Occupational rating. Your insurance cover will be matched to your occupational rating. The following will help us to determine which occupational rating applies to you. Management/Clerical (White collar) scale i) Are you employed for at least 15 hours per week on an ongoing basis?^ Yes ii) Do you work in an office or similar environment?^ Yes iii) Do you spend at least 90% of your working time in an office? For example 34.2 hours out of a 38-hour working week.^ iv) Do you work in any of the following occupations? Management Clerical Marketing Administration Accounting Yes ^ If you have answered no to any of the above questions, you are not eligible for the management/clerical scale. Standard/Light blue collar scale Please select your occupation: Home Duties Wait Staff/Waitress/Waiter* Hotel Owner/Manager/Publican/Bar attendant* Chef/ Apprentice Chef/Cook Room Attendant/House Keeper/ Guest Service Agent/Attendant* Food and Beverage Attendant* Hospitality Worker* Shop Assistant/Retail Assistant Casino Worker/Dealer/Croupier/Gaming Attendant Sales Assistant/Attendant/Consultant Bottleshop Attendant* Barista* Heavy blue collar scale Please select your occupation: Kitchen Hand/Crew Cleaner (Commercial) Cellar Hand Security Officer/Guard (unarmed) Store Person Ski/Snowboard/Snow sports instructor Fruit picker/vineyard worker** Gardener/Landscaper Farmer/Farm Labourer Labourer * These occupations have a combination of two Collar type ratings: Death and TPD = Light Blue, Group Salary Continuance = Heavy blue collar. ** Please note that you are only eligible for Death and TPD cover. If your occupation is not listed above, please specify your occupation and you will be assessed accordingly: Occupation* If no selection is made your fixed cover amount will automatically default to the Heavy blue scale for Death and TPD cover unless the insurer deems an alternate occupational class applies. If however you fail to provide full details of your occupation you will not be eligible for Salary Continuance cover provided under Section 5.4 (Special Insurance Offering). 5.6 To cancel your insurance cover. Hostplus generally provides automatic insurance cover to members employed by a participating employer. The premiums and insurance cover varies depending upon your age and are disclosed in the Product Disclosure Statement. If you prefer not to have insurance cover you can elect to cancel it by ticking the box below. I wish to cancel my insurance cover.