SuperChoice Superannuation Plan Pension Plan · SuperChoice Superannuation Plan Pension Plan ......

SuperChoice Superannuation PlanPension Plan Supplementary Product Disclosure Statement (SPDS)Date Issued 19 December 2008

This Supplementary Product Disclosure Statement supplements the SuperChoice Superannuation and Pension Plan Product Disclosure Statement (PDS) dated 30 October 2008 issued by St Andrew’s Superannuation Services Pty Ltd (“St Andrew’s”, “we”, “us” and “our”).

Trustee: St Andrew’s Superannuation Services Pty Ltd Fund: St Andrew’s Superannuation Services Fund Administrator: St Andrew’s Life Insurance Pty Ltd

To invest in SuperChoice Superannuation and Pension Plan you should obtain and read the relevant PDS and this SPDS before making an investment decision.

This SPDS is to be read together with the PDS.

Terms defined in the PDS have the same meaning in this SPDS.

The purpose of this SPDS is to inform you of changes to the ultimate owner of SuperChoice which are to take place on or about 19 December 2008.

The following text replaces the Relationships and Associations section:

Remove the text on this page relating to St Andrew’s Australia.

Replace all forms in the PDS with the forms attached to this document which are dated 19 December 2008.

Location: Inside Front Cover Section: Relationships and Associations

Location: Section: St Andrew’s Australia

Location: Page 18 Section: Application Forms

There are a number of changes to our PDS

Relationships and associationsWe invest the assets of SuperChoice in a superannuation life insurance policy issued by the Administrator who is a registered life insurance company and an Australian Financial Services Licensee. The Administrator then invests the assets in the various portfolios described on pages 12 –15 of this PDS and administers SuperChoice. We pay the Administrator to administer SuperChoice on our behalf (pages 16 –18 of this PDS describes the administration fees charged).

Neither the Trustee nor the Administrator is an authorised deposit taking institution. Both the Trustee and the Administrator are wholly owned subsidiaries of St Andrew’s Australia Pty Ltd ABN 96 105 176 234 (‘SAA’). SAA is a related company of Bank of Western Australia Limited (‘BankWest’) ABN 22 050 494 454 AFSL 236872 and the Commonwealth Bank of Australia (‘CBA’) ABN 48 123 123 124 AFSL 234945 on or about 19 December 2008.

Investments in SuperChoice do not represent a deposit with or a liability of BankWest or CBA or any other member of the CBA group of companies in Australia or overseas (other than the Trustee). Your investment can be subject to investment risk, including possible delays in repayment and loss of income and principal. No member of the CBA group of companies in Australia (including BankWest) or overseas guarantees SuperChoice’s capital value or performance (apart from the guarantee given by the Trustee for the Simplicity – Capital Guaranteed Fund). None of these companies (other than the Trustee) is responsible for any statement contained in the PDS.

BankWest plays no role in the issue or administration of interests in SuperChoice and only distributes the SuperChoice PDS.

RACV plays no role in the issue or administration of interests in SuperChoice and only distributes the SuperChoice PDS.

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If you need any assistance completing this Form you can contact Client Services on 1300 780 553 between 8.30am and 7.00pm (EST) Monday to Friday.

Trustee: St Andrew’s Superannuation Services Pty Ltd ABN 75 077 207 240 AFSL 297033 RSE Licence No. L0002950 Administrator: St Andrew’s Life Insurance Pty Ltd ABN 98 105 176 243 AFSL 281731 Fund: St Andrew’s Superannuation Services Fund ABN 13 400 513 379 SFN 44086 RSE Registration No. R1056631

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ImportantThis Application Form relates to the St Andrew’s SuperChoice Superannuation Plan and Pension Plan Product Disclosure Statement (‘PDS’).

please ensure you have read and understood the pDS before making a decision to invest in SuperChoice and completing this application form.

A person providing access to this application form (e.g. your Financial Adviser) must at the same time and by the same means provide access to the PDS and any document which updates the information contained in the PDS.

1. Applicant details

Mr Mrs Ms Miss Other

Surname

Given Names Sex: Male Female

Date of birth Employment status: Full time Part time Casual Not employed

/ / Residential address

Postal adress (if same as above, write ‘As Above’)

Home phone Work phone

Fax Mobile

Email

2. For any rollover superannuation benefits, please complete the following

Fund Name Amount $ , . Fund Name Amount $ , . Fund Name Amount $ , . Fund Name Amount $ , . Fund Name Amount $ , . Fund Name Amount $ , .

This form must be accompanied by a Tax File Number (TFN) nomination form

Membership Application – Superannuation Plan19 December 2008

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3. Investment details Your initial contribution amount and regular ongoing contributions

(i) personal contributions claimed as a tax deduction* Instalment frequency: Monthly Quarterly

Initial $ , . Regular $ , .

(ii) personal contributions not claimed as a tax deduction Instalment frequency: Monthly Quarterly


(iii) Spouse contributions Instalment frequency: Monthly Quarterly


(iv) Employer contributions Instalment frequency: Monthly Quarterly


(v) CGT exempt rollover Initial $ , .

(vi) personal injury payments* Initial $ , .

(vii) CGT small business concessions contribution** Initial $ , .

(viii) Total contributions Initial $ , . * Please complete the 290–170 notice on page 30 of this PDS. ** You must include a completed ATO form with this Membership Application form for this contribution to be exempted from the contributions caps. If you will be making your initial contribution by cheque, please make your cheque payable to ‘St Andrew’s Life Insurance Pty Ltd’.If you are making your initial contribution by direct debit, please complete the direct debit request on page 29.

4. Investment portfolio allocationSimplicity portfolios

Capital Guaranteed $ , . or %

Capital Stable $ , . or %

Balanced $ , . or %

Growth $ , . or %

Share Market $ , . or %

Sector portfolios

Australian Fixed Interest $ , . or %

Listed Property $ , . or %

Australian Shares $ , . or %

Overseas Shares $ , . or %

ToTAl $ , . or %

5. Contribution fee option

Total Initial Fee . % (Maximum of 4.0%)




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6. Employer details Please complete this secton if your employer will be contributing to your SuperChoice account

Company

Contact name

Contact phone number Contact fax number

Email

Website

7. Investor linkingName of the client with whom a link is to be established must be an immediate family member (as detailed on page 17)

Existing Client Signature

Date: / /

8. other offersWe may use and disclose (to your Financial Adviser and to service providers such as maybe related entities and business partners) your information so that they can forward to you, from time to time, details of other investment opportunities in which you may be interested. Please tick the box if you do not wish to be updated with such investment opportunities. If you do not mark the box we will assume that you want to hear about the investment opportunities we have described.

We will provide to anyone receiving an electronic copy of the PDS, a paper copy of the PDS, any document which updates it and the application form on request and without charge.

The law prohibits any person passing on to another person the application form unless it is attached to, or accompanied by, a complete and un-tampered electronic version of the PDS or a print out of it.

The law prohibits the Trustee from issuing an interest in SuperChoice unless this application form came with the current version of the SuperChoice PDS.

9. DeclarationI declare, acknowledge and agree that:

(i) I hereby apply for membership of SuperChoice and agree to be bound by its trust deed and rules as amended from time to time.

(ii) I understand that St Andrew’s Services Pty Ltd (St Andrew’s) acts as SuperChoice’s Trustee.

(iii) I acknowledge that I have received, read and understood the SuperChoice Superannuation Plan and Pension Plan Product Disclosure Statement (PDS) and that this application form is subject to the terms and conditions of the PDS.

(iv) If I have received the PDS in an electronic format, from the Internet or other electronic means, I acknowledge that I have received the PDS personally or a print out of it accompanied by or attached to this application form.

(v) My application, and the information provided in it, is true, correct and complete.

(vi) I will notify St Andrew’s in writing if at any time my personal details as disclosed in this membership Application Form have changed.

(vii) I understand that neither the repayment of capital nor the investment performance of the Funds (except the Capital Guaranteed portfolio) are guaranteed by St Andrew’s, the Administrator, BankWest, SAA, CBA or any other member of the CBA group in Australia or overseas.

(viii) At the date of this application: • Iwasagedbetween18and64;or • Iwasaged65to74andinthecurrentfinancialyearhave worked in gainful employment (including self employment) at least 40 hours in a period of not more than 30 consecutive days. I have provided the name, address and contact phone numberofmyemployerabove;or • Iamrollingover/transferringabenefittoSuperChoice.

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To bE CoMplETED bY FInAnCIAl ADVISEr

Financial Adviser

Financial Adviser’s Signature

Date / / Branch State Adviser Code

office use only:

Client number Account number

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9. Declaration continued(ix) Iunderstandthatbenefitswillonlybepaidinaccordancewith

SuperChoice’s trust deed and rules as amended from time to time.

(x) I agree that this Membership Application Form and other relevant documents form the basis of the contract between St Andrew’s and me.

(xi) I acknowledge that I have read and understood the Privacy section headed ‘Your Privacy’ in the PDS and consent to the collection, use, maintenance and disclosure of my personal information as set out in that section.

(xii) IunderstandthatunitsinSuperChoicewillbeissuedwithinfivebusiness days after receipt of contributions and rollovers, and completed documentation by the Administrator using the buy unit price current at the date funds are converted into units.

(xiii) I understand that the Administrator guarantees that the unit price of the Capital Guaranteed portfolio will not fall in value. I understand that no other company, including St Andrew’s, the Administrator, St Andrew’s Australia Pty Ltd (‘SAA’), BankWest, CBA or any other member of the CBA group in Australia or overseas guarantee this investment portfolio.

(xiv) I acknowledge that investments in SuperChoice do not represent investments in St Andrew’s, SAA, the Administrator, BankWest, CBA or any other member of the CBA group in Australia or overseas or with any subsidiary of any of these companies and are subject to investment and other risks, including possible delays in repayment, loss of income and principal invested.

(xv) If investing in SuperChoice replaces other investments, I am aware that duplication of initial costs may be to my disadvantage.

(xv) We are bound by laws about the prevention of money laundering andthefinancingofterrorism,includingtheAnti-Money Laundering and Counter-Terrorism Financing Act2006(‘AML/ CTF Laws’). By completing the application form, you agree that: • youdonotsubscribetothefundunderanassumedname; • anymoneyusedbyyoutoinvestinthefundisnotderived fromorrelatedtoanycriminalactivities; • anyproceedsofyourinvestmentwillnotbeusedinrelation toanycriminalactivities; • ifweask,youwillprovideuswithadditionalinformationwe reasonablyrequireforthepurposesofAML/CTFLaws (includinginformationaboutyourself,anybeneficiary,orthe sourceoffundsusedtoinvest); • wemayobtaininformationaboutyouoranybeneficiaryfrom third parties if we believe this is necessary to comply with AML/CTFLaw;and • inordertocomplywithAML/CTFLawswemayberequiredto

take action, including: • delayingorrefusingtheprocessingofanyapplicationor

withdrawal, or • disclosinginformationthatweholdaboutyouorany

beneficiarytoourrelatedbodiescorporateorserviceproviders,orrelevantregulatorsofAML/CTFLaws(whether in or outside of Australia).

Applicant’s Signature

Date: / /



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Direct Debit Request19 December 2008

Investor details


Surname

First name Second name

Address

SuperChoice Account number (if known)

I/We(nameorcompanyname)

RequestStAndrew’sLifeInsurancePtyLtduntilfurthernoticetodebitmyaccountatthefinancialinstitutionidentifiedbelow,anyamountswhichtheAdministrator(UserID241210)maydebitorchargeme/usthroughthedirectdebitsystem.Thisrequestwillremaininforceinaccordance with the terms described in the direct debit service agreement provided to me.

Nameoffinancialinstitutionwhereaccountisheld

Account name (i.e. your name or company name)

BSB Account number

Direct debit options One off Ongoing

You have a choice of four direct debit dates 1st 8th 15th 22nd

Amount of direct debit $ , .

Authorisation

I/WEdeclarewehavereadandunderstoodtheDirectDebitServiceAgreementandagreetobeboundbythesedetails.

Signature

Date:

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office use only: Client number Account number Thisnotificationcanbevariedupuntilthetimeyoulodgeyourincometaxreturnortheendofthefollowingfinancialyearafterthecontributionwas made, whichever is earlier.

notice to SuperChoice Trustee under Section 290–170 of the Income Tax Assessment Act 1997This form should be completed if you are intending to claim a tax deduction for personal contributions.

Client name

If you are self-employed you can claim a tax deduction for personal contributions made to St Andrew’s Superannuation Services Pty Ltd (St Andrew’s) superannuation providing:

• lessthan10%ofyourassessableincomeisfromanemployer; • youhavecompletedthisform(Section290–170Notice)andreturnedittoStAndrew’s;and • youreceivealetterfromStAndrew’sadvisingreceiptofthisformstatingthatcontributionswillbetreatedastaxablecontributions by the Trustee.

In respect to the regular contributions you intend to make to SuperChoice, please complete the information below including the year to which the contributions will relate.

30 June 2 0 a) The total amount I intend to contribute to SuperChoice this year $ , . b) The amount of personal contributions to be claimed as a tax deduction $ , . c) Amount of personal contributions not to be claimed as a tax deduction $ , . NB: The total of (b) and (c) must equal (a)

A maximum applies to the amount that can be claimed as a tax deduction. Please contact Client Services or your Financial Adviser if you are unsure of these amounts.

Declaration:

IacknowledgethattheamountIhaveadvisedasbeingclaimedasataxdeductionwillbesubjecttocontributionstaxof15%.

Signature

Date: / / 7

Section 290–170 Intention to Claim Personal Contributions as a Tax Deduction19 December 2008



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TaxFileNumber(TFN)Notificationform19 December 2008

This form must be completed in conjunction with a SuperChoice application in all cases except where you are opening a Pension Plan and you are 60 years of age or older.

Asaresultoftheadversefinancialconsequencesyouwillincur,andtheaddedadministrativeburdenplacedonthetrusteeasaresultofanydecision by you not to provide your TFN.

The Trustee has elected not to open an account in SuperChoice where your TFN has not been provided.

Under the Superannuation Industry (Supervision) Act 1993, your superannuation fund is authorised to collect your TFN, which will only be used for lawful purposes.

These purposes may change in the future as a result of legislative change. The Trustee may disclose your TFN to another superannuation provider,whenyourbenefitsarebeingtransferred,unlessyourequestusinwritingthatyourTFNnotbedisclosedtoanyothersuperannuationprovider.

It is not an offence not to quote your TFN. However giving your TFN to us will have the following advantages (which may not otherwise apply):

• SuperChoicewillbeabletoacceptalltypesofcontributionstoyouraccount/s; • thetaxoncontributionstoyoursuperannuationaccount/swillnotincrease; • otherthanthetaxthatmayordinarilyapply,noadditionaltaxwillbedeductedwhenyoustartdrawingdownyoursuperannuationbenefits;and • itwillmakeitmucheasiertotracedifferentsuperannuationaccountsinyournamesothatyoureceiveallyoursuperannuationbenefits when you retire.

Please complete and sign the following and return it with your application for membership. All information provided will be treated in the strictestconfidence.

Name

IhavereadandunderstoodthisformandtheProductDisclosureStatementandconfirmthattothebestofmyknowledgeallinformationgiveninthis document is true and correct.

My Tax File Number is: MysignaturebelowconfirmsmyagreementfortheTrusteetotheuseofmyTFNforalllegallyauthorisedandpermissiblepurposes.


Date:

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Membership Application – Pension Plan19 December 2008

1. Are you tranferring from an existing SuperChoice Superannuation plan account?

no Yes – please provide your account number

2. Will the pension be a transition to retirement pension? Yes no

3. Applicant detailsMr Mrs Ms Miss Other

Surname


Date of birth Australian resident? If No, country of residence

/ / Yes No Residential address



Fax Mobile

Email

4. list the rollover superannuation benefits payments which form part of this pension plan

Fund Name Amount $ , . Fund Name Amount $ , . Fund Name Amount $ , .

ImportantThis Application Form relates to the St Andrew’s SuperChoice Superannuation Plan and Pension Plan Product Disclosure Statement (‘PDS’).

please ensure you have read and understood the pDS before making a decision to invest in SuperChoice and completing this application form.


This form must be accompanied by a Tax File Number (TFN) nomination form if under 60



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5. reversionary pensionerIf you want to nominate a reversionary pensioner fill out this section.


Surname PLEASE PRINT


Date of birth * Relationship to member

/ / Residential address



Fax Mobile

Client number if applicable * Under the law, you are only able to nominate a dependant – being a spouse, de facto spouse, child (including step-child, adopted child and ex-nuptialchild),apersonwhoisfinanciallydependantonyouorapersonwithwhomyouareinaninterdependentrelationship(whichgenerallyrequires a close personal relationship and cohabitation or a disability preventing cohabitation).

6. Income payments (please tick one box)

(A)Forpensionplanscommencingonorafter1June–wouldyouliketodeferpaymentuntilthestartofthenewfinancialyear?

Yes (complete C, D below)

No (complete the rest of the sections below)

(B)Isthepaymentspecifiedforthefirstyeartheannualpayment,orprorata Full year Pro rata

(C) Select amount client would like to recieve $ , . or Minimum Maximum (TTR pension only)

(D) Payment frequency Monthly Quarterly Half-yearly YearlyDateoffirstpayment / /

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7. Investment portfolio allocation and pension payment allocationNB: If you do not nominate a sequence or payment composition, payments will be made on the asset allocation of your investments in the Fund.

Simplicity portfolios $ or % and pension payment Composition

or pension payment Sequence

Capital Guaranteed $ , . or % %Capital Stable $ , . or % %Balanced $ , . or % %Growth $ , . or % %Share Market $ , . or % %

Sector portfolios $ or %

Australian Fixed Interest $ , . or % %Listed Property $ , . or % %Australian Shares $ , . or % %Overseas Shares $ , . or % %

Total $ , . or % %

8. Contribution fee

Total Initial Fee . % (Maximum of 4.0%.)

9. payment details Please provide details of your nominated bank, building society or credit union account to which income payments will be paid:

Name of Institution

Branch address

Account name

Bank (BSB No.) Account number

10. Investor linkingName of the client with whom a link is to be established must be an immediate family member (as detailed on page 17)


Date: / / 7



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13. DeclarationI declare, acknowledge and agree that:


(ii) I understand that St Andrew’s Services Pty Ltd (St Andrew’s) acts as SuperChoice’s Trustee.





(vii) I understand that neither the repayment of capital nor the investment performance of the Funds (except the Capital Guaranteed portfolio) are guaranteed by St Andrew’s, the

Administrator, BankWest, SAA, CBA or any other member of the CBA group in Australia or overseas.


(ix) IunderstandthatbenefitswillonlybepaidinaccordancewithSuperChoice’s trust deed and rules as amended from time to time.



(xii) IunderstandthatunitsinSuperChoicewillbeissuedwithinfivebusiness days after receipt of contributions and rollovers, and completed documentation by the Administrator using the buy unit price current at the date funds are converted into units.

11. Conditions of releaseThePensionPlan(otherthannon-commutablepensions)canonlybepurchasedwithunrestrictednon-preservedbenefits.

Ifanypartofyourbenefitcontainspreservedorrestrictednon-preservedbenefitsyouwillneedtocompletethefollowingdeclaration.

Ihaveattainedage65;or

Ihaveceasedgainfulemploymentsinceturningage60;or

I have attained age 55 but not yet reached age 65, have ceased gainful employment and do not intend to work again for more than 10hoursperweek;or

I have attained age 55 and am commencing a non-commutable transition to retirement pension.


Date: / /

12. other offers

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We may use and disclose (to your Financial Adviser and to service providers such as posting services) your information so that they can forward to you, from time to time, details of other investment opportunities in which you may be interested. Please tick the box if you do not wish to be updated with such investment opportunities. If you do not mark the box we will assume that you want to hear about the investment opportunities we have described.






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To bE CoMplETED bY Your FInAnCIAl ADVISEr

Financial Adviser


Date

/ / Branch

Adviser Code

State

office use only

Client number

Account number

(xiii) I understand that the Administrator guarantees that the unit price of the Capital Guaranteed portfolio will not fall in value. I understand that no other company, including St Andrew’s, the Administrator, St Andrew’s Australia Pty Ltd (‘SAA’), BankWest, CBA or any other member of the CBA group in Australia or overseas guarantee this investment portfolio.

(xiv) I acknowledge that investments in SuperChoice do not represent investments in St Andrew’s, SAA, the Administrator, BankWest, CBA or any other member of the CBA group in Australia or overseas or with any subsidiary of any of these companies and are subject to investment and other risks, including possible delays in repayment, loss of income and principal invested.


(xv) We are bound by laws about the prevention of money laundering andthefinancingofterrorism,includingtheAnti-Money Laundering and Counter-Terrorism Financing Act2006(‘AML/ CTF Laws’). By completing the application form, you agree that: • youdonotsubscribetothefundunderanassumedname; • anymoneyusedbyyoutoinvestinthefundisnotderived fromorrelatedtoanycriminalactivities; • anyproceedsofyourinvestmentwillnotbeusedinrelation toanycriminalactivities; • ifweask,youwillprovideuswithadditionalinformationwe reasonablyrequireforthepurposesofAML/CTFLaws (includinginformationaboutyourself,anybeneficiary,orthe sourceoffundsusedtoinvest); • wemayobtaininformationaboutyouoranybeneficiaryfrom third parties if we believe this is necessary to comply with AML/CTFLaw;and • inordertocomplywithAML/CTFLawswemayberequiredto



beneficiarytoourrelatedbodiescorporateorserviceproviders,orrelevantregulatorsofAML/CTFLaws(whether in or outside of Australia).


Date: / /

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ApplicationtoTransferSuperannuationBenefits19 December 2008

This form should be completed if you would like to consolidate other superannuation funds you hold into SuperChoice. We can arrange to send this form to the paying institution on your behalf or alternatively you can arrange to post the form directly. You will need to complete a separate form for each fund. This form can be photocopied or you can ask your Financial Adviser or Client Services for multiple copies.

1. Investor detailsInvestor name

SuperChoice Account number

Postal address

2. Details of previous superannuation fundFund name

Fund account number

Fund address

Approximatevalueofbenefits $ , , . Amount of transfer

Total value

Partial rollover } Please tick one box only

Cheques to be made payable to: ‘St Andrew’s Life Insurance Pty Ltd’ GPO Box 2979 Melbourne VIC 3001.

Amount $ , . or

Units or

% %

3. Declaration

IrequestandauthorisetheTrusteetransfermybenefitsfrommypreviousfundasoutlinedabovetotheSuperChoicePersonalSuperannuationand Pension Plan. I acknowledge that I have received, read and understood the St Andrew’s SuperChoice Superannuation Plan and Pension Product Disclosure Statement (‘PDS’) and that this Membership Application Form is subject to the terms and conditions of the PDS. My application, and the information provided in it, is true, correct and complete. I understand exit fees may apply on leaving my previous fund. I understand both funds are complying Superannuation Funds. I understand the Trustee may be required under tax law to deduct tax from my transferred account. I authorise the Trustee and St Andrew’s Life Insurance Pty Ltd to act on my behalf in arranging and receiving information aboutthistransfer.IdischargetheSuperproviderofmypreviousfundofallliabilitiesinrespecttothebenefitstransferredtotheFund.

Signature

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St Andrew’s Superannuation Services Pty Ltd

ABN 75 077 207 AFSL 297033

RSE Licence No L0002950

Superannuation Plan SPIN SAA002AU

Pension Plan SPIN SAA003AU

19 December 2008

Compliance Declaration

To whom it may concern

The St Andrew’s SuperChoice Superannuation Plan is the accumulation plan of the St Andrew’s Superannuation Services Fund (the Fund), ABN 13 400 513 379, SFN 440806, established by a Trust Deed dated 1 March 1962.

TheStAndrew’sSuperChoicePensionPlanisasuperannuationincomestreamasdefinedintheIncome Tax Assessment Act 1997 and is for thebenefitofthepensionertaxpayerorforhisorherdependantsintheeventofhisorherdeath.TheTrusteeoftheFundis St Andrew’s Superannuation Services Pty Ltd ABN 75 077 207 240.

The Fund is a regulated superannuation fund within the meaning of the Superannuation Industry (Supervision) Act 1993 and is not subject to a direction by the Australian Prudential Regulation Authority not to accept contributions. It is the Trustee’s intention to maintain the Fund at all times as a complying superannuation fund within the meaning of s.42(1) of this Act.

TheTrustDeedoftheFundallowsbenefitsfromothersuperannuationfundstoberolledoverortransferredtotheFund.TheTrustDeedallowsemployerstomakecontributionsintotheFund.TherequirementsoftheFundforpreservationofbenefitssatisfythepreservationstandards set out in the Superannuation Industry (Supervision) Regulations.

For further information about making contributions to the Fund, contact Client Services on 1300 780 553 between 8.30am and 7.00pm EST Monday to Friday.

Sincerely

nadeeja Jayaratne Compliance Manager



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Binding Death Nomination Form19 December 2008

1. purpose of formI am using this form to (tick one):

Makeabindingdeathbenefitnomination(pleasecompletesections2,3,4and5below).

Changeabindingdeathbenefitnominationpreviouslymadebyme(pleasecompletesections2,3,4and5below).

When completing section 3 “Beneficiary Details”, please provide details of all beneficiaries you wish to nominate, including those you may have nominated when completing a previous binding death benefit nomination form.

Revokeabindingdeathbenefitnominationpreviouslymadebyme(pleasecompletesections2,4and5below).

Confirmabindingdeathbenefitnomination(pleasecompletesections2and4below).

2. Member detailsMr Mrs Ms Miss Other

Surname

First name(s)

Avalidbindingdeathbenefitnominationprovidesyouwithcertaintyinrespectofwhowillreceiveyourdeathbenefitintheeventofyourdeath. It is a legal instrument that requires the Trustee to pay your deathbenefittothepersonorpersonsnominatedintheBindingDeathNominationFormasyourbeneficiary/iesintheproportionsspecifiedbyyou.

For a binding nomination to be valid each of the following conditions mustbesatisfied.

• Itmustbeinwriting • Itmustbesignedanddatedbyyouinthepresenceoftwo witnesses (who are both at least 18 years of age and neither is a nominatedbeneficiary) • Itmustcontainadeclarationsignedanddatedbybothwitnesses stating that you signed the nomination in their presence • Itmustnotbemorethan3yearsafterthedateofsigningordate oflastbeingconfirmedoramended • Onlyyourdependantsand/oryourlegalpersonalrepresentative can be nominated • Theproportionofbenefitpayabletoeachnomineemustbeclearly indicatedandtheproportionsmustaddto100%

Youmay,atanytime,confirm,amendorrevokeyourbindingdeathbenefitnomination.Youcanconfirmyourexistingnominationbygiving us a written notice signed and dated by you. You can amend or revoke your existing nomination in the same way as you make your original nomination.

WewilladviseyouofyourcurrentnominationsinyourBenefitStatement sent to you each year. In addition, where three years has

passedandyournominationhasnotbeenconfirmedoramended,wewill advise you of the lapsing of your binding nomination.

If a nominated dependant dies or is no longer a dependant at the timeofyourdeathyourbindingdeathbenefitnominationwillbeinvalid.Intheeventthatyourbindingdeathbenefitnominationisinvalidandyoudiewewillpayyourdeathbenefittoyourlegalpersonalrepresentative.Ifwecannotpayyourdeathbenefittoyourlegalpersonalrepresentative,yourbenefitwillbepaidtoanyotherperson as permitted under the Fund’s Trust Deed (which is the document setting out the rules of the Fund).

If you have a superannuation account as well as a Pension account in the Fund any binding death nomination you provide to the Trustee will cover both accounts (except interests in Lite Super (if any)). All benefitspaidoutunderabindingdeathbenefitnominationwillbein the form a lump sum. If you have an income stream account and havenominateda‘reversionarybeneficiary’,thiswillbeappliedinplaceofavalidbindingdeathbenefitnomination.

The Trustee recommends that you should review any binding death nomination from time to time taking into account your Will and any change in your personal circumstances.

WheretheTrusteeholdsavalidbindingdeathbenefitnominationatthetimeofyourdeath,itwillpayyourdeathbenefitinaccordancewith your wishes. However, where the Trustee is subject to certain court orders, the Trustee is not required to comply with an otherwise valid nomination.



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2. Member details continuedResidential address

Postal address (if same as above, write ‘AS ABOVE’)

Daytime contact number

Email

Date of birth

/ / Account number(s)* Client number(s)*

* If you have more than two accounts within the St Andrew’s Superannuation Services Fund, or more than two client numbers, please provide all further details in an attachment to this Form.

3. beneficiary detailsPleaseprovideyourbeneficiary/iesdetailsbelow.Eachbeneficiaryyounominatedmustbeyourspouse(includingadefactospouse),child(includingadopted,step,ex-nuptialandadultchildren),financialdependant,interdependant,oryourlegalpersonalrepresentative(seetheinformationsheeton‘DeathBenefits’foranexplanationoftheseterms).The%ofbenefitcolumnmusttotal100%.

nominated beneficiary no. 1

Full name

Dateofbirth %ofbenefit(total100%)

/ / %Daytime contact number

Relationship to member




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Full name





Full name





Full name





Full name




Ifyouwanttonominatemorebeneficiariesthanwillfitonthisform,pleaseincludethesamedetailsforeachadditionalbeneficiaryinanattachment to this Form. Please ensure that the attachment includes your contact details and is signed, dated and witnessed in the same way and at the same time as this Form is witnessed.



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4. Member declaration

I understand that: • Mybeneficiary(ies)mustbemyspouse,child,financialdependant,apersonwithwhomIhaveaninterdependencyrelationshipormylegal personalrepresentativeatthetimeofmydeath; • Mybeneficiary(ies)andIareboundbytheprovisionsofthetrustdeedoftheFundrelatingtobindingdeathbenefitnominations; • ThisbindingdeathbenefitnominationisonlyvalidforthreeyearsfromthedateIsignitorfromthetimeIconfirmoramendit; • ImayatanytimerevokeorchangeabindingdeathbenefitnominationinaccordancewiththeTrustee’sprocedures; • IfIchangemyexistingbindingdeathbenefitnomination,itwillreplaceallpreviousbindingdeathbenefitnominationIhadmade; • IfanoticeisinvalidorhasnotbeenreceivedbytheTrusteewhenIdiethedeathbenefitwillbepaidtomylegalpersonalrepresentative. IftheTrusteeisunabletopaythedeathbenefittomylegalpersonalrepresentative,itwillpaythebenefittoanyotherpersoninaccordance withtheprovisionsofthetrustdeedoftheFundandsuperannuationlaw; • Thisdeclarationmustbesignedbymeinthepresenceoftwowitnesses(who are not nominated beneficiaries)bothofwhomare18yearsorover; • ThisnominationappliestoallmyinvestmentswithintheStAndrew’sSuperannuationServicesFund,exceptforLiteSuper; • IhavereadtheinformationsetoutinthisFormandtheInformationSheetonDeathBenefitsthatsetsoutthetermsuponwhichthis nominationismadeandagreetobeboundbytheprovisionsoftheFund’strustdeed; • AnyreversionarybeneficiaryIhavenominatedpriortofillingoutthisFormwillbeappliedinplaceofavalidbindingdeathbenefitnomination; • Iamovertheageof18.

Signature

Date: / / 5. Witness declarationThewitnessdeclarationcannotbemadebyabeneficiarynominatedinthisForm.Pleaseensurethatthedateeachofthewitnessessignsthisform is the same as the date the member signs, otherwise this nomination will not be valid.

I declare that:

• Iamovertheageof18;and • thisbindingdeathbenefitnominationFormwassignedbythememberinmypresence.

Signature of witness 1 Date:

/ /

Print name

Date of birth

/ / Signature of witness 2 Date:

/ /

Print name

Date of birth

/ / Please give your completed form to your Financial Adviser or send your completed form to:

St Andrew’s life Insurance pty ltd Gpo box 2979 MElbournE, VIC 3001

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Tax File Number Declaration NotesThe Tax file number declaration is not an application form for a tax file number (TFN). If you have never had a TFN and want to provide your payer with your TFN you will need to complete a Tax file number application or enquiry for an individual (NAT 1432).

You will need to provide proof of identity documents as outlined on the application form. For further information about applying for a TFN, phonetheAustralianTaxationOffice(ATO)13 28 61, between 8.00am and 6.00pm, Monday to Friday.

Who ShoulD CoMplETE ThIS DEClArATIon?You should complete a new Tax file number declaration before you start to receive payments from a new payer, for example, when you start a new job or become entitled to a superannuation pension.

The entity making the payment is your ‘payer’ and you are the ‘payee’.

The information you provide in this declaration will help your payer work out how much tax to take out of payments to be made to you.

YourpayermustnotifytheTaxOfficewithin14daysofthestartofthe new arrangement.

This declaration covers payments for: •workandservices–paymentstoemployees,company directors,officeholders,aswellaspaymentsunderreturn-to-workschemes,labourhirearrangements,orpaymentsspecifiedby regulation•benefitandcompensationpayments,and•retirementpaymentsandannuitiesandeligibletermination

payments.

VArYInG Your CurrEnT rATE oF WIThholDInGYou also need to complete a Withholding declaration (NAT 3093) if at any time you wish to: •adviseachangetoyourtaxoffsetorfamilytaxbenefit

entitlement•claimthetax-freethresholdanddiscontinueclaimingthe

threshold with other payers•advisethatyouhavebecomeorceasedtobeanAustralianresi-

dent for tax purposes, or•adviseyourpayerofHigherEducationLoanProgram(HELP)or

Financial Supplement repayment obligations or changes.

If you qualify for a reduced rate of Medicare levy or are liable for the Medicare levy surcharge, you can vary the amount your payer withholds from your payments by completing a Medicare levy variation declaration (NAT 0929).

prIVACY oF InForMATIonThe Income Tax Assessment Act1936authorisestheTaxOfficetorequest information in this declaration. This information will help theTaxOfficeadministerthelawsrelatingtotaxation,andothergovernment agencies administering other legislation covering Commonwealthbenefitsandsuperannuation.Allinformation, includingpersonalinformation,collectedbytheTaxOfficeistreatedasconfidentialandisprotectedbytheIncome Tax Assessment Act 1936 and the Privacy Act 1988.

TheTaxOfficemaygivethisinformationtoothergovernmentagencies as authorised by taxation law, for example, Common-wealth agencies which administer laws relevant to your particular situation. Depending on your situation these agencies could include Centrelink, the Australian Federal Police, the Child Support Agency, the Department of Veterans’ Affairs, the

Department of Immigration and Multicultural and Indigenous Affairs, the Department of Family and Community Services and the Department of Education, Science and Training.

Only certain people and organisations can ask for your TFN. These include employers, some federal government agencies, trustees for superannuation funds, payers under the pay as you go (PAYG) system, higher education institutions, the Child Support Agency (CSA) and investment bodies such as banks. Section 202C of the Income Tax Assessment Act1936authorisestheTaxOfficetore-quest quotation of your TFN on this declaration for the purposes of administering taxation laws. It is not an offence not to quote your TFN but there may be consequences if you do not, for example, you may have more tax withheld than otherwise would occur.

If you need more information about how the tax laws protect your personal information, or have any concerns about how the Tax Officehashandledyourpersonalinformation,phone132861,between 8.00am and 6.00pm, Monday to Friday.

hoW To FIll In ThIS DEClArATIonThisTaxfilenumberdeclarationisnotanapplicationformforataxfilenumber(TFN).IfyouhaveneverhadaTFNandwanttoprovide your payer with your TFN you will need to complete a Tax file number application or enquiry for an individual (NAT 1432). You will need to provide proof of identity documents as outlined on the application form.

Please print neatly in BLOCK LETTERS, one character to a box, like this:

2 6 O ‘ C O N N O R S T

Please use a black or dark blue pen only.

For more information phone 13 28 61 between 8.00am and 6.00pm, Monday to Friday or visit www.ato.gov.au

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Section A – to be completed by pAYEEquestion 1 – Your tax file number (TFn)It is not an offence not to quote your TFn. however, if you do not provide your payer with your TFn or claim an exemption from quoting your TFn, your payer must withhold 46.5% from any payment to you.When you complete a TFN declaration or otherwise quote your TFN to your payer for superannuation purposes, your payer must pass your TFN to the superannuation fund to which the payer is making contributions.Provision of your TFN to your superannuation fundGiving your TFN to your superannuation fund will have the following advantages (which may not otherwise apply):•Yoursuperannuationfundwillbeabletoacceptalltypesof

contributions to your account(s)•Thetaxoncontributionstoyoursuperannuationaccount(s)willnot

increase•Otherthanthetaxthatmayordinarilyapply,noadditionaltaxwill

be deducted when you start drawing down on your superannuation benefits,and•Itwillmakeitmucheasiertotracedifferentsuperannuationaccounts

in your name so that you receive all your super when you retireUnder the Superannuation Industry (Supervision) Act 1997, your superannuation fund is authorised to collect your TFN which may only be used for lawful purposes. These purposes may change in the future as a result of legislative change. The trustee of your superan-nuation fund may disclose your TFN to another superannuation provider,whenyourbenefitsarebeingtransferredunlessyourequestthe trustee if your superannuation fund in writing that your TFN may not be disclosed to any other trustee.

questions 2 3 4 & 5 Your details. See the declaration form.

question 6 – on what basis are you paid?If you are not sure of the basis of your payment, check with your payer. If you select ‘Superannuation pension or annuity’ as your basis of payment, make sure you complete question 13.question 7 – Are you an Australian resident for tax purposes?If you need help in deciding whether you are an Australian resident for tax purposes, phone 13 28 61. If you are not an Australian resident for tax purposes, you must answer NO at questions 9 and 11 (unless you are entitled to a zone tax offset).question 8 – Are you claiming the tax-free threshold from this payer?The tax-free threshold is available to all Australian residents for tax purposes.Thismeansthatthefirst$6,000ofincomeearnedeachyear is not subject to tax.You can only claim the tax-free threshold from one payer at a time.Generally you should claim the tax-free threshold from the payer you expect will pay you the most during the year.

If you receive any taxable Centrelink payments or allowances such as newstart, Austudy or Youth Allowance you may have

already claimed the tax-free threshold with Centrelink.

If you need help in deciding whether you can claim the tax-free threshold, or which payer you should claim the threshold from, phone the ATO 13 28 61 between 8.00am and 6.00pm, Monday to Friday. If you are claiming the tax-free threshold from another payer – and you wish to change this – you must complete a Withholding declaration (NAT 3093) to advise that payer you no longer wish to claim the tax-free threshold.If your income comes from more than one payer and you consider that claiming the tax-free threshold with only one payer would lead to a large credit at the end of the income year, you may be eligible to vary the prescribed withholding rate. To be eligible, you must be able to estimate your taxable income for the whole income year. For more information,

phone 1300 360 221, between 8.00am and 6.00pm, Monday to Friday.

question 9 – Do you want to claim family tax benefit or the senior Australians tax offset by reducing the amount withheld from payments made to you?

Family tax benefit What is family tax benefit? Familytaxbenefitisapaymenttohelpwith the cost of raising dependent children. It has two parts:•PartAhelpswiththecostofraisingchildren,and•PartBprovidesextrahelptofamilieswithonemainincome,

including single parent families.You may be eligible for Part A, Part B, or both.Are you eligible to claim family tax benefit?To be eligible to claim familytaxbenefityoumust:•beanAustralianresidentforfamilyassistancepurposes,thatis,

live in Australia on a permanent basis and be one of the following: – an Australian citizen – the holder of a permanent visa – the holder of a special category visa (that is, someone who

arrived on a New Zealand passport) – the holder of a certain temporary visa.•haveprovidedcaretoadependentchild.Childmeansthatyouhad

the responsibility for the day to day care, welfare and development of the child, and•Havecaredforadependentchildforaminimumof10%ofthe

assessment period, if you shared the care of a dependent child with another person who is not your current spouse (for example, if you shared the care for a dependent child which must have been for at least 37 nights in the 2007-08 income year).

Two ways you can claim family tax benefit If you are eligible for familytaxbenefit,youcanclaimiteither:1asafortnightlypaymentfromtheFamilyAssistanceOffice,or2throughthetaxsystemfromtheTaxOffice: – as an end-of-year lump sum through the tax system, or – by reducing the amount withheld from payments made to you

during the year.AnswerNOatthisquestionifyouchoosetoreceivefamilytaxbenefitas:•afortnightlypaymentfromtheFamilyAssistanceOffice,or•anend-of-yearlumpsumthroughthetaxsystem.AnswerYESatthisquestionifyouchoosetoclaimfamilytaxbenefitby reducing the amount withheld from payments made to you during the year. You need to also complete a Withholding declaration (NAT 3093) and a Withholding declaration – family tax benefit worksheet (NAT 7089).Senior Australians tax offset To qualify for the Senior Australians tax offset, you need to meet a number of conditions. These are:1. Age At 30 June 2008 you will be:•amaleaged65yearsormoreorafemaleaged63.5yearsormore,or•amaleveteranorwarwidoweraged60yearsormoreorafemale

veteran or war widow aged 58.5 years or more.If you are unsure if you are a veteran, war widow or war widower, or if you qualify for the earlier veteran pension age, phone the Depart-ment of Veterans’ Affairs (DVA) on 13 32 54.

2 Eligibility for Commonwealth age pension or similar type payment

•youreceivedaCommonwealthofAustraliagovernmentagepension or a pension, allowance or payment from DVA at any time during the 2007–08 income year•youdidnotreceiveaCommonwealthofAustraliaagepension

because you did not make a claim or because of the application of the income test or the assets test, but you have a qualifying ground that makes you eligible for the age pension, or•youareaveteranwhoiseligibleforbutdidnotreceiveapension,

allowance or payment from DVA because you did not make a claim, or because of the application of the income or the assets test.

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3. Income threshold. You satisfy the income threshold that applies to you:•youdidnothaveaspouse(marriedordefacto)andyourtaxableincome was less than $43,707•youhadaspouse(marriedordefacto)andthecombinedtaxableincome of you and your spouse was less than $68,992, or•youhadaspouse(marriedordefacto)andthecombinedtaxableincome of you and your spouse, where you ‘had to live apart due to illness’ or either of you was in a nursing home at any time in 2004–05 income year, was less than $81,840.‘Had to live apart due to illness’ is a term used to describe a situation where the living expenses of you and your spouse (married or de facto) are increased because you are unable to live together in your homeduetotheindefinitelycontinuingillnessorinfirmityofeitherorboth of you.

4. not in jail. You were not in jail for the whole income year.If you qualify, the amount of tax offset available to you depends on your taxable income levels and whether you are single, married or a member of an illness-separated couple.Answer NO at this question if you wish to claim the entitlement to the tax offset as a lump sum in your end-of-year assessment.Answer YES at this question if you choose to receive the Senior Australians tax offset by having a reduced rate of tax deducted from your pay during the year. You will need to complete a Withholding dec laration (NAT 3093) (see ‘Varying your withholding rate’). Your payer will calculate your rate of withholding based on the information you provide.Your tax payable will be reduced to nil where you are entitled to the Senior Australians tax offset and your taxable income is equal to or below the relevant income threshold. A reduced tax offset will apply where your taxable income is above the income thresholds, but less than the cut-out threshold.You may not be required to lodge an income tax return if your income from all sources is less than or equal to the relevant income threshold.If your income comes from more than one source, do not comp lete this question for any of your payers. Phone 1300 360 221, between 8.00am and 6.00pm, Monday to Friday, for advice.

It is against the law to claim the Senior Australians tax offset from more than one payer at the same time.

question 10 – Are you claiming a zone, dependent spouse or special tax offset?You may be entitled to a:

•zonetaxoffsetifyouliveorworkincertainremoteorisolatedareasof Australia•dependentspouse(marriedordefacto)taxoffsetifyourspouse’s

separate net income is expected to be less than $8,682 for the income year ended June 2008, or•specialtaxoffsetforadependentinvalidrelative,dependentparent,

housekeeper caring for an invalid spouse or a dependent child housekeeper.

Answer NO at this question if you choose to receive any of these offsets as an end-of-year lump sum through the tax system.Answer YES at this question if you choose to receive these tax offsets by having a reduced rate of tax deducted from your pay during the year. You will need to complete a Withholding declaration (NAT 3093) (see ‘Varying your withholding rate’).You can phone us if you are not sure whether you are eligible for the zone, dependent spouse or special tax offset. See ‘More information for payees’ below.

It is against the law to claim tax offsets from more than one payer at the same time.

question 11a – Do you have an accumulated higher Education loan programme (hElp) debt?Answer YES if you have an accumulated HELP debt.Answer NO if you do not have an accumulated HELP debt, or you have repaid all your HELP debt.If you had a Higher Education Contribution Scheme (HECS) debt it became an accumulated HELP debt on 1 June 2006.HELP – The Higher Education Loan Programme (HELP) was introduced on1 January 2005, replacing the HECS. HELP consists of:•HECS-HELP–foreligiblestudentsenrolledinCommonwealth

supported places. A HECS-HELP loan will cover all or part of their student contribution.•FEE-HELP–foreligiblefee-payingstudentsenrolledataneligible

higher education provider. FEE-HELP provides students with a loan to cover up to the full amount of their tuition fees.•OS-HELP–foreligibleCommonwealthsupportedstudentswho

wish to study overseas. OS-HELP provides students with a loan to cover expenses such as accommodation and travel.

If the Australian Government lends you money under any of these schemes you will have a HELP debt.repaying your hElp debt You must start repaying your debt when your repayment income is above the minimum threshold. The minimum threshold for 2006–07 is $38,148 (or $728 a week). We will calculate your compulsory repayment for the year and include it in your income tax notice of assessment.If your annual income is likely to be above the minimum repayment threshold, your payer will regularly withhold additional amounts to cover any compulsory repayment that may be calculated.Do you have more than one job and a hElp debt? If your payments from all jobs add up to more than the repayment threshold for the income year, you will have a compulsory repayment included in your next income tax notice of assessment. You can ask one or more of your payers to withhold additional amounts to cover your compulsory repayment.question 11b – Do you have an accumulated Financial Supplement debt?Answer YES at (b) if you have an accumulated Financial Supplement debt.The Student Financial Supplement Scheme (SFSS) is a voluntary loan scheme for tertiary students to help cover their expenses while they study. Inthefifthyearaftertheloanistakenout,itbecomesanaccu-mulatedFinancialSupplementdebt,tobecollectedbytheTaxOffice.If your annual income is likely to be above the minimum repayment threshold, your payer will regularly withhold additional amounts to cover your anticipated compulsory repayment. The minimum Financial Supp lement repayment threshold for 2007–08 is $39,824 or $765 a week.When you have repaid all of your HELP or Financial Supplement debt, you must complete a Withholding declaration and answer NO at this question.

For more information about hElp and Financial Supplement debts, please contact us.

See “More information for payees’ below.

Make sure you have answered all the questions in section A and have signed and dated the declaration. Give your

completed declaration to your payer.

MorE InForMATIon For pAYEES

If you need more information about TFns or how to complete the Tax File number declaration, you can:

•visitourwebsiteatwww.ato.gov.au •phone132861between8.00am&6.00pm,Mon–Fri,or •obtainafaxbyphoning132860.

TrusteeSt Andrew’s Superannuation Services Pty LtdABN 75 077 207 240 AFSL 297033 RSE Licence No. L0002950

FundSt Andrew’s Superannuation Services FundABN13 400 513 379 SFN440806

AdministratorSt Andrew’s Life Insurance Pty LtdABN 98 105 176 243 AFSL 281731

Contact usTelephone 1300 780 553Facsimile 1300 780 573

GPO Box 2979 Melbourne, VIC 3001

19 D

EC 2

008

SuperChoiceSuperannuation Plan Pension Plan

Product Disclosure Statement Date Issued 30 October 2008 Trustee: St Andrew’s Superannuation Services Pty Ltd

SuperChoice Superannuation Plan and Pension Plan Product Disclosure Statement General InformationDate of issueThe SuperChoice Superannuation Plan and Pension Plan Product Disclosure Statement (PDS) was issued on 30 October 2008 by St Andrew’s Superannuation Services Pty Ltd, the SuperChoice trustee.

ContributionsDefinitionsThroughout this PDS, the Application Forms and other attached forms:

• ‘St Andrew’s Superannuation Services Fund’ SFN 440806 RSE Registration No. R1056631 is referred to as ‘SuperChoice’.

• ‘St Andrew’s Superannuation Services Pty Ltd’ ABN 75 077 207 240 AFSL 297033 RSE licence No. L0002950 is referred to as ‘St Andrew’s’, ‘we’, ‘us’, ‘our’, or ‘Trustee’.

• ‘St Andrew’s Life Insurance Pty Ltd’ ABN 98 105 176 243 AFSL 281731 is referred to as ‘the Administrator’.

• ‘I’, ‘you’, ‘me’ or ‘your’ refers to a potential member or member of SuperChoice.

• ‘SuperChoice – Superannuation Plan’ is referred to as ‘the Superannuation Plan’.

• ‘SuperChoice – Pension Plan’ – is referred to as ‘the Pension Plan’.

• ‘SuperChoice – Superannuation Plan’ and ‘SuperChoice – Pension Plan’ are jointly referred to as ‘SuperChoice’.

• St Andrew’s – SuperChoice Superannuation and Pension Product Disclosure Statement’ is referred to as ‘the PDS’.

Information about SuperChoiceSuperChoice is a public offer superannuation fund. Residents of Australia are eligible to apply for the SuperChoice products in this PDS (subject to certain restrictions described on page 4 of this PDS).

TrusteeSt Andrew’s Superannuation Services Pty Ltd ABN 75 077 207 240 AFSL 297033 RSE Licence No. L0002950

FundSt Andrew’s Superannuation Services Fund ABN 13 400 513 379 SFN 440806 RSE Registration No. R1056631

AdministratorSt Andrew’s Life Insurance Pty Ltd ABN 98 105 176 243 AFSL 281731

Choosing a fundThe PDS explains the main features of SuperChoice, a regulated complying superannuation fund constituted by a trust deed as amended from time to time. The PDS will help you to compare SuperChoice with other superannuation funds to decide if it meets your needs. Please read the PDS carefully before making your decision. This PDS contains general information only. It does not take into account your individual objectives, financial situation or needs. You should not base your decision to invest in SuperChoice solely on the information in this PDS. You should consider SuperChoice’s suitability in view of your financial position, objectives and needs and you may want to seek advice before making an investment decision. You can ask your Financial Adviser to explain anything you don’t understand, or contact Client Services 1300 780 553.

The benefits and risks of SuperChoiceSuperChoice allows you to save for your retirement and/or receive a pension from a low cost, tax effective environment in a way that suits you. You can choose the investment portfolio that best suits your needs and attitude to risk. However, depending on the level of investment returns earned by SuperChoice and the charges, you may get back less than what you paid in, particularly if you exit SuperChoice within a few years of joining and or choose a high risk investment portfolio.

Investing in SuperChoice When you decide to invest in SuperChoice you must complete the application form and various other forms (attached to this PDS) to apply to become a member of SuperChoice. The offer to which this PDS relates is available to

persons receiving this PDS in Australia (either electronically or otherwise). The Trustee will notify you on acceptance of your application. We hold the investments on behalf of SuperChoice members and send information (including investment performance) and benefit statements to members annually. Members can request additional information that is reasonably necessary to understand SuperChoice’s financial condition and how it is being managed. A fee may be charged, depending on the type of information requested. All requests for information or assistance can be made by using the contact details shown on page 1 of this PDS.

Our responsibilities to youThe SuperChoice trust deed contains a number of provisions relating to the rights, terms, conditions and obligations imposed on both us, as the trustee, and you as a member. We can amend the trust deed, subject to limitations in it, superannuation law and trust law.

Is this PDS current?The information in this PDS is current at 30 October 2008. Information relating to SuperChoice that is not materially adverse may change from time to time. This information may be updated and made available to you on our website at www.standrewsaus.com.au or by contacting us on 1300 780 553. A paper copy of any updated information is available free of charge upon request.

Who looks after SuperChoice?The Trustee is responsible for the management and operation of SuperChoice in accordance with its trust deed and rules, the common law and the applicable Federal and State laws. In administering and investing the assets of SuperChoice, the Trustee uses other service providers including our related companies.

Relationships and associationsWe invest the assets of SuperChoice in a superannuation life insurance policy issued by the Administrator who is a registered life insurance company and an Australian Financial Services Licensee. The Administrator then invests the assets in the various portfolios described on pages 12–15 of this PDS and administers SuperChoice. We pay the Administrator to administer SuperChoice on our behalf (pages 16–18 of this PDS describes the administration fees charged).

Neither the Trustee nor the Administrator is an authorised deposit taking institution. Both the Trustee and the Administrator are wholly owned subsidiaries of St Andrew’s Australia Pty Ltd ABN 96 105 176 234 (‘SAA’) which is a subsidiary of HBOS Australia Pty Ltd ABN 50 070 002 587 (‘HBOSA’). Bank of Western Australia Limited (‘BankWest’) ABN 22 050 494 454 AFSL 236872 is a related company of SAA. All of these companies have the same ultimate owner HBOS plc.

On 18 September 2008, Lloyds TSB and HBOS plc announced that they have reached agreement on the terms of a recommended acquisition by Lloyds TSB of HBOS plc. The Boards of HBOS plc and Lloyds TSB believe that the acquisition is a compelling business combination which offers substantial benefits for shareholders and customers.

The Boards will now seek shareholder approval. The acquisition is subject to regulatory and shareholder approval which is expected to be completed by the end of 2008 to early 2009.

On 8 October 2008, The Commonwealth Bank of Australia (the Group) has acquired the Bank of Western Australia Limited (BankWest) and St Andrew’s Australia Pty Ltd (St Andrew’s) through the execution of a sale and purchase agreement with UK based HBOS plc.

The purchase is conditional on the receipt of all necessary competition, regulatory and government approvals – and will be completed following receipt of those approvals.

Investments in SuperChoice do not represent a deposit with or a liability of BankWest or any other member of the HBOSA group of companies in Australia or overseas (other than the Trustee). Your investment can be subject to investment risk, including possible delays in repayment and loss of income and principal. No member of the HBOSA group of companies in Australia (including BankWest) or overseas guarantees SuperChoice’s capital value or performance (apart from the guarantee given by the Trustee for the Simplicity – Capital Guaranteed Fund). None of these companies (other than the Trustee) is responsible for any statement contained in the PDS.

RACV plays no role in the issue or administration of interests in SuperChoice and only distributes the SuperChoice PDS.

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talk to us 1

Welcome to st andrew’s australia 2

What superChoice can offer you – overview 3

How the superChoice superannuation Plan and Pension Plan work 4

investing in superChoice 9

superChoice investment options 12

Fees and other Costs 16

taxation 19

other information 22

application Forms 25

talk to usWe are happy to provide you with as much information as you need to fully understand how SuperChoice works. You can call our Client Services team on 1300 780 553 between 8.30am and 7.00pm (EST) Monday to Friday and we will be pleased to answer your questions and provide information.

Fax on 1300 780 573

Write to Client Services, St Andrew’s GPO Box 2979 Melbourne, VIC 3001

Log on to SuperChoice Online www.standrewsaus.com.au/super

Contents and Contact Details

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st andrew’s australiaSt Andrew’s Australia Pty Ltd (“St Andrew’s Australia”) began trading in 1998 providing customer credit insurance to Australians via various business partners. In 2004, St Andrew’s Australia opened a new life insurance company, St Andrew’s Life Insurance Pty Ltd, to offer clients a range of insurance, superannuation and investment solutions.

St Andrew’s Australia, through its subsidiary companies, supports its clients on their journey to wealth, offers quality financial advice and delivers simple, value-for-money financial products and services.

St Andrew’s Australia is a wholly owned subsidiary of HBOS Australia Pty Ltd, and is the holding company of HBOS Australia Pty Ltd’s credit insurance, life insurance and wealth management businesses, including the Trustee and the Administrator of SuperChoice.

St Andrew’s Australia’s ultimate owner is HBOS plc.

On 18 September 2008, Lloyds TSB and HBOS plc announced that they have reached agreement on the terms of a recommended acquisition by Lloyds TSB of HBOS plc. The Boards of HBOS plc and Lloyds TSB believe that the acquisition is a compelling business combination which offers substantial benefits for shareholders and customers.

The Boards will now seek shareholder approval. The acquisition is subject to regulatory and shareholder approval which is expected to be completed by the end of 2008 to early 2009.

On 8 October 2008, The Commonwealth Bank of Australia (the Group) has acquired the Bank of Western Australia Limited (BankWest) and St Andrew’s Australia Pty Ltd (St Andrew’s) through the execution of a sale and purchase agreement with UK based HBOS plc.

The purchase is conditional on the receipt of all necessary competition, regulatory and government approvals – and will be completed following receipt of those approvals.

Welcome to St Andrew’s Australia

3

Your super, your right to chooseSuperannuation is one of the biggest investments you will make in your life. It’s your super, take control.

SuperChoice is a straightforward superannuation solution to meet your individual needs.

Your super made easyWhen you join SuperChoice an account is set up in your name. Your account will increase with contributions and rollovers. Management costs, taxes and Government charges are deducted from your account. Your account will be adjusted by investment returns (either positive or negative), which are reflected in the unit price of each investment option.

You have a choice of nine investment options made up of five diversified portfolios ranging from conservative to more aggressive plus four sector specific portfolios. You can choose one or any combination of investment portfolios. This allows you to tailor your investment in SuperChoice to best suit your objectives, needs and circumstances.

The value of your account is calculated by multiplying the number of units in your investment portfolios by the current sell unit price for each investment portfolio in which you are invested.

The unit price may increase or decrease (with the exception of units in the Capital Guaranteed portfolio) reflecting the performance of the investment portfolios you have selected.

You may leave your money in your account as long as you like irrespective of whether you are working or over 65.

Key features at a glance superChoice superannuation Plan superChoice Pension Plan

minimumsMinimum initial contribution $1,500 $20,000

Minimum additional contribution No minimum NA

Minimum regular investment amount $50 per monthDirect debit dates:

1st, 8th, 15th or 22nd of each month

NA

Minimum switch No minimum

Minimum withdrawal $1,000

investment options 5 simplicity funds ranging from conservative to more aggressive and 4 sector specific funds

Simplicity funds Capital Guaranteed, Capital Stable, Balanced, Growth, Share Market

Sector funds Australian Fixed Interest, Listed Property, Australian Shares, Overseas Shares

FeesContribution fee Up to 4% of each contribution

Administration fee:

Payment to the Administrator 0.80% p.a.

Payment to the Financial Adviser 0.50% p.a.

Investment Management fee (IMF) 0.25% p.a.

Large account rebate (a reduction of the administration fee)

Balances $100,000 or less – NilBalances above $100,000 and up to $300,000 – 0.10% p.a.

Balances above $300,000 – 0.20% p.a.

Investment switching fee Nil

Transaction costs (‘buy/sell’ spread) – not applicable for Capital Guaranteed portfolio

0.30%

other featuresLink accounts Yes – reduce Administration fee

Transition to retirement Yes – start a pension while you are still working

Binding death nominations Yes – directs Trustee to pay benefits to specific dependants

Tax back benefit (‘Anti detriment’) Yes – refund of contributions tax where a lump sum benefit is paid to one or more of a deceased member’s spouse, former spouse, or children.

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What SuperChoice can offer you – overview

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You can also roll over your money to another fund at any time. However, we are required by law to pay your benefit from the Fund in the event of your death.

The SuperChoice Superannuation Plan is designed to help you achieve financial security in retirement by combining the generous tax concessions provided by the Government with low fees and tax effective investment management.

The SuperChoice Pension Plan allows you to transfer from the SuperChoice Superannuation Plan into a tax effective income stream on retirement or as you transition to retirement.

The key objective is to maximise your superannuation and pension savings efficiently and effectively.

We achieve this by providing a simple, cost effective service with:

low fees SuperChoice provides investors with value for money, transparent fees.

Flexibility We give you the flexibility to switch from one investment option to another and provide a range of investment options across a variety of market sectors.

Reporting Keep track of your investments with our easy to read reports. Our reports provide you with a complete picture of all your investments and details of all transactions. After you invest we will make sure that you are kept informed and up to date about your investment. In addition to receiving confirmation of all investment transactions, you will receive an annual statement detailing your investments and transactions. All reports can also be viewed online at any time.

about the superChoice superannuation PlanThe minimum investment amount for the Superannuation Plan is $1,500.

Who can contribute? You may contribute to your SuperChoice account if you are less than 75 years of age. However, if you are 65 or over you are required to satisfy a work test in order to contribute. This means that you must be working at least 40 hours in a period of no more than 30 consecutive days in the same financial year that the contribution is made.

The types of contributions we can accept are set out below:

* Spouse includes a person who lives with their partner on a genuine domestic basis. The definition excludes same sex couples and couples living permanently apart. The spouse receiving the contribution must be gainfully employed if they are over age 65.

Can contributions be split? Concessional contributions (i.e. those on which contributions tax is deducted) made to SuperChoice may be split with your spouse. Self-employed persons wishing to split contributions with their spouse must lodge any claim for a tax deduction with the Trustee before the split. Details are available on request by using the contact details on page 1 of this PDS.

Conditions of release There are restrictions as to when you can cash your superannuation. You can only take your superannuation as a lump sum or commence a pension if you satisfy a condition of release.

You can cash your benefit or commence a pension if you satisfy one of the following conditions of release: • reachage65; • ceaseemploymentonorafterage60; • retirefromtheworkforceonorafteryour‘preservationage’(refer followingsection); • becometotallyandpermanentlydisabled; • die; • sufferfromaterminalmedicalconditionthatwillresultinyour death within 12 months (must be certified by two doctors one of whom is a specialist).

You may also be able to access some of your benefit earlier in limited circumstances: • ifyousatisfytheAustralianPrudentialRegulationAuthority thatyoucanaccessbenefitsoncompassionategrounds;

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How the SuperChoice Superannuation Plan and Pension Plan work

Contribution type What is this contribution?

Personal You may make regular or lump sum contributions after tax. Self employed persons may be entitled to claim a tax deduction for personal contributions.

spouse A contribution made by your spouse* for your benefit. This must be made from after tax monies. Your spouse may be eligible for a tax rebate of up to $540 for making a spouse contribution.

Government Co-contribution

If your assessable income is less than $60,342 a year and you make personal contributions you may be eligible for the Government Co-contribution. For every $1.00 you contribute (up to $1,000 a year) the Government will contribute up to $1.50.

employer These are contributions made by your employer on your behalf and include Superannuation Guarantee Award and salary sacrifice contributions before tax.

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• ifyouhaveunrestrictednon-preservedbenefits; • areleaseauthorityissuedbytheAustralianTaxationOffice(ATO)concerningyourobligationtopayexcesscontributiontax;

• sufferseverefinancialhardship; • receiveanon-commutableincomestream(withouthavingto leave your job but you must have reached your ‘preservation age’).

Please contact our Client Services team on 1300 780 553 if you require further details.

What is your preservation age? Your preservation age depends on when you were born. Generally you cannot access your benefit until you have reached age 65 or reached your preservation age and have retired.

What is preservation? From 1 July 1999 all contributions made in respect of you, and all investment earnings, are fully preserved. This means you cannot access this part of your superannuation until you meet one of the conditions of release (see above).

Your superannuation may also have non-preserved amounts, which are made up some of the contributions that were made in respect of you before 1999. Since 1999, superannuation fund members cannot accumulate any additional non-preserved amounts. Non-preserved superannuationiseitherrestrictedorunrestricted.Restrictednon-preserved amounts can be withdrawn only when you leave employment with your current employer or meet a condition of release for preserved amounts as described above. You can withdraw from your unrestricted non-preserved amounts in SuperChoice at any time.

What happens to your superannuation if you die? In the event of your death the default position is that your benefit would be paid to your legal personal representative in a lump sum to distribute according to your Will or according to the laws of intestacy that operate in the state or territory where you resided at the time of your death if you do not have a valid Will. If we cannot pay your death benefit to your legal personal representative, your benefit will be paid as a lump sum to any other person as permitted under the trust deed and rules.

If you have a valid binding death nomination in place (refer below for further information ) your benefit will be paid according to your instructions.

Your death benefit will be the balance of your account (based on the sell unit price at the time of payment), which may include any anti-detriment amount.

Death benefits paid as a lump sum, including payments to a member’s estate, may include an ‘anti-detriment amount’, which represents the return of contributions tax paid by a member when a death benefit is paid to a spouse, former spouse, or child (including adult children) of the deceased member.

In limited circumstances, your death benefit may be paid as a pension.

What is a binding death benefit nomination? A valid binding death benefit nomination requires the Trustee to pay your benefit to one or more of your dependants and/or your legal personal representative in the proportions you have nominated should you die.

A binding death benefit nomination is valid for three years from the date it is made, last updated or confirmed, but should be reviewed whenever your circumstances change to ensure it continues to reflect your wishes. If you die and your binding death benefit nomination is invalid, your benefit will be paid as described above.

If you have an account in the Superannuation Plan and the Pension Plan, any binding death nomination you provide to the Trustee will cover these accounts. All benefits paid out under a binding death benefit nomination will be in the form a lump sum. If you have a Pension Plan account and have nominated a ‘reversionary beneficiary’, this will be applied in place of a valid binding death benefit nomination.

The Binding Death Benefit Nomination form is attached to this PDS (see page 41).

Who are my dependants? The following are considered to be your dependants for superannuation purposes:• yourspouse(includingadefactospouse);• yourchild(includingadopted,step,ex-nuptialandadultchildren*);

• anyotherpersonwithwhomyouhaveaninterdependencyrelationship;

• anyotherpersonwhowasfinanciallydependentonyou.

* Generally, adult children cannot take death benefits as pensions unless they are under age 25 and dependent on the deceased or are disabled.

total and permanent disablement (‘tPd’) benefits You will be eligible to receive a lump sum benefit on becoming TPD if the Trustee is reasonably satisfied that you are unlikely, because of ill-health (whether physical or mental), to engage in gainful employment for which you are reasonably qualified by education, training or experience.

Your TPD benefit will be the amount nominated by you up to the balance of your account (based on the sell unit price at the time of payment).

terminal medical condition benefits You will be eligible to receive a lump sum benefit where the Trustee is reasonably satisfied you have a terminal medical condition. A terminal medical condition exists where:(a) two registered medical practitioners have certified, jointly or

separately, that you suffer from an illness, or have incurred an

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date of birth Preservation age

Before 1 July 1960 55

1 July 1960 to 30 June 1961 56

1 July 1961 to 30 June 1962 57

1 July 1962 to 30 June 1963 58

1 July 1963 to 30 June 1964 59

After 30 June 1964 60

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injury, that is likely to result in your death within a period (‘certification period’) that ends not more than 12 months after the dateofthecertification;

(b) at least one of the registered medical practitioners is a specialist practicinginanarearelatedtotheillnessorinjuryyousuffer;

(c) for each of the certificates, the certification period has not ended.

Your terminal medical condition benefit will be calculated in the same manner as the TPD benefit.

Compassionate grounds benefits You can apply for the early release of your preserved or restricted non-preserved superannuation on ‘compassionate’ grounds if you require the money for one of the following purposes:• tomeetmedicalexpenses(includingmedicaltransportation)foryouoradependant;

• topreventforeclosureonthemortgageonyourprincipalplaceofresidence;

• tomodifyyourprincipalplaceofresidence,orvehicle,tomeetyourneedsortheneedsofadependantarisingfromseveredisability;or

• tomeettheexpensesassociatedwithadependant’spalliativecare, death, funeral or burial.

ApplicationsmustbemadetotheAustralianPrudentialRegulationAuthority(‘APRA’),whowilldecidewhethertoreleasebenefitsoncompassionategrounds.APRAcanbecontactedon1300131060.

If you qualify for a release of your super on compassionate grounds, APRAwillsendalettertotheTrusteewhowillpayyoualumpsumbenefit.

Your compassionate grounds benefit will be the amount nominated byAPRA(basedonthesellunitpriceatthetimeofpayment).

severe financial hardship benefits You will be eligible for the early release of your preserved or restricted non-preserved superannuation if you are in severe financial hardship. To be in ‘severe financial hardship’, you must satisfy the Trustee that you meet all the criteria in either option 1 or option 2 depending on your age:• Option1 –youareundertheageof55yearsplus39weeks;and – you are receiving Commonwealth income support payments for

a continuous period of at least 26 weeks (you will need a letter from the Commonwealth department or agency responsible for administeringthesupport);and

– you are unable to meet reasonable and immediate family living expenses.

• Option2 –youareovertheageof55yearsand39weeks;and – you are receiving Commonwealth income support payments for

a cumulative period of 39 weeks after you reached your preservation age (you will need a letter from the Commonwealth department or agency responsible for administering the support);and

– you were not gainfully employed on either a full-time or part-time basis when you apply for a benefit on ‘severe financial hardship’ grounds.

If you qualify for a severe financial hardship benefit, the Trustee will pay you a lump sum benefit.

Your severe financial hardship benefit will be the amount nominated by the Trustee subject to the maximum limit of $10,000 for each 12 month period (based on the sell unit price at the time of payment).

departing australia superannuation Payments You may be able to claim your benefit in SuperChoice if you are a temporary resident who accumulated superannuation while working on an eligible temporary resident visa. The payment is called the departing Australia superannuation payment (‘DASP’). In order to qualify for the DASP, you must satisfy the following criteria*:• youvisitedAustraliaonaneligibletemporaryresidentvisa;• yourvisahasexpiredorbeencancelledandyouhavedepartedAustralia;

• youaccumulatedsuperannuationwhileworkinginAustralia;

* The DASP does not apply to Australian or New Zealand citizens, permanent residents or other people who can retire in Australia.

You can apply for the DASP online by contacting the Australian Tax Office (‘ATO’) at http://www.ato.gov.au or apply in writing by downloading a form from the website or by calling the ATO on 13 10 20. If your application is approved, the ATO will provide details to us to arrange payment of the DASP. The DASP is taxed before being paid to you, and will be paid as a lump sum to your nominated account.

You can decide to leave your superannuation in SuperChoice, in which case you will be subject to the preservation rules as set out in this PDS.

about the superChoice Pension Plan The minimum investment amount for the Pension Plan is $20,000.

The SuperChoice Pension Plan allows you to convert your superannuation savings into a highly tax effective income stream on retirement or as you transition to retirement.

The income that you can draw from your SuperChoice Pension Plan is subject to minimum annual payments prescribed by law.

Your SuperChoice Pension Plan may not provide a pension for the rest of your life. Payments will continue to be paid until the balance of your SuperChoice Pension Plan account has run out. The balance in your account is determined by the initial amount of your investment, the investment returns earned by the SuperChoice Pension Plan, the Pension Plan’s fees and charges and how much pension has already been paid to you.

rollovers Only unrestricted non-preserved superannuation benefits can be transferred or rolled over to commence a Pension Plan. Generally, this means you are 55 years of age or older and retired or are 65 years of age or over. Although additional investments cannot be made into your Pension Plan once it has commenced, additional investments can be made to start a new Pension Plan.

How much income can you receive? You can nominate the amount and frequency of your pension payments each year subject to the following requirements: • youmustreceiveatleastonepensionpaymentineachtaxyear


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age minimum withdrawal (percent of account balance at 1 July)

Under 65 4%

65 to 74 5%

75 to 79 6%

80 to 84 7%

85 to 89 9%

90 to 94 11%

95 or more 14%

age account Balance $100,000

account Balance $200,000



55 $4,000 $8,000 $12,000 $16,000

65 $5,000 $10,000 $15,000 $20,000

75 $6,000 $12,000 $18,000 $24,000

unless the pension commences on or after 1 June, in which case yourpensionpaymentscancommenceinthenexttaxyear;and • theannualpensionyoureceiveinataxyearmustbeequaltoor

greater than the minimum required given your age and account balance. There are no prescribed maximum income limits except for where the Pension Plan is used for transition to retirement strategy.

The following table shows how to calculate the minimum income that must be drawn from your SuperChoice Pension Plan each financial year:

We will write to you at the commencement of each financial year to advise you of the minimum pension amount applicable to you for that year. The minimum amount will depend on your age and the balance of your SuperChoice Pension Plan. We have provided, in the following table, examples of the minimum income that must be drawn from the Pension Plan at different ages for various account balances.

If you do not nominate a pension payment, we will continue to pay your pension at the same rate as for the previous financial year unless that amount would be less than the prescribed minimum in which case we will pay the minimum pension.

Pension payments to you will continue until your SuperChoice Pension Plan runs out or you die, whichever happens first.

How frequently do you receive payments? Your pension payments can be made monthly, quarterly, half yearly or yearly directly to your nominated bank, building society or credit union account.

if you invest in more than one investment portfolio how are units sold? We will cash units in your investment portfolios to make a pension payment.

In the application form you can choose which portfolio’s units will be cashed first. You will also need to tell us how you would like us to

allocate a withdrawal from among your investment portfolios. Unless you notify us of a specific investment portfolio you would like to withdraw from, the funds will be withdrawn from each portfolio in which you are invested. This will be done in proportion to that portfolio’s value to the total value of your account.

In determining how many units to cash from your investment portfolio we will use the sell unit price for the relevant investment portfolio on the day we process your payment. Please see page 10 for information about how unit prices are calculated.

What happens to your pension if you die? When you apply for your SuperChoice Pension Plan you may nominate a reversionary pensioner or make a binding death nomination. Where you do not exercise either of these options we will pay your death benefit to your legal personal representative to distribute according to your Will or according to the laws of intestacy that operate in the state or territory where you resided at the time of your death if you do not have a valid Will. If we cannot pay your death benefit to your legal personal representative, your benefit will be paid as a lump sum to any other person as permitted under the trust deed and rules.

If you die and have nominated an eligible person to receive a reversionary pension, we will continue paying a pension to the person nominated until the balance of the account runs out or it is paid out as a lump sum. An eligible person must generally be your spouse, defacto spouse, child, or a person who was financially dependent on you or someone with whom you had a close personal relationship (details are available on request by using the contact details on page 1 of this PDS).

If your nominated reversionary pensioner dies before you or you have not made a valid nomination we will pay the balance of your account as a lump sum to your legal personal representative.

Where you have a binding death nomination and it is valid at the time of your death your death benefit will be paid to your dependants in accordance with your binding death nomination (refer to page 5 for further information).

Where you do not nominate a reversionary pensioner nor have a valid binding death nomination we will pay your death benefit as a lump sum to your legal personal representative.

The death benefit paid to your estate or nominated beneficiaries may be enhanced by an anti-detriment payment.

Can you make lump sum withdrawals from your superChoice Pension Plan?You can withdraw all or part of your Pension Plan at any time. Under age 60, withdrawals may incur tax. If your Pension Plan is subject to a transition to retirement strategy, you will not be able to take lump sums except in limited circumstances.

transition to retirementA transition to retirement strategy offers a flexible way to wind down your working hours, maintain your income and potentially save on tax

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by drawing on your superannuation. Taking advantage of a transition to retirement strategy could help make you more comfortable now and throughout your retirement. Your Financial Adviser will be able to assist you and recommend a strategy that meets your needs.

The SuperChoice Pension Plan also offers a transition to retirement pension for those members who have reached preservation age and continue to work. In these circumstances the income from the transition to retirement pension may be used to supplement employment income.

The transition to retirement pension pays a non-commutable income stream which means that you may not make lump sum withdrawals until such time as you satisfy a full condition of release (e.g. reach age 65). The annual pension payments are subject to the age based minima shown on page 5. However, the maximum annual pension payment cannot exceed 10% of the account balance as at the start of the financial year.

The balance of the account funding the transition to retirement pension may be rolled back into your superannuation at any time.

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our investment philosophySuperChoice adopts an index management investment approach.

By adopting this style, the Trustee is able to provide investors with the opportunity to select investments in specific asset classes such as property or Australian shares that simply follow an index like the S&P ASX 300 Accumulation Index or S&P ASX 200 Listed Property Trust Accumulation Index. These are available via the Sector Portfolios.

Of course our investors also have the opportunity to select a blend of these investments or your Financial Adviser can assist by matching your risk profile to the pre selected portfolios – also known as Simplicity portfolios.

Return

High

Cash

Defensive

Moderately defensive

Balanced

Growth

High Growth

Risk and Volatility High

There is a correlation between the asset class you choose and the likelihood of a negative return. As your exposure to shares increases, your exposure to risk does too (refer to chart above).

What are the investment portfolios?SuperChoice offers a choice of nine investment portfolios for you to select from. You may invest in one or more of the portfolios according to your requirements. Each portfolio offers differing exposure to a range of asset classes including cash, fixed interest, property, Australian shares and overseas shares.

With the exception of the cash component of each fund and the capital guaranteed portfolio your monies are invested with index portfolio managers.

What is index management?Index management aims to track a specific index providing you with investment returns (net of fees and tax) as close as possible to the return of the index. SuperChoice has adopted index management as it provides you with a simple, low cost, potentially tax efficient approach to investing your superannuation.

What is an index?An index measures the change in value or performance of a specific market. Indices exist for most markets covering a variety of asset classes. Two of the more commonly known indices are the All Ordinaries Index (All Ords) and the Morgan Stanley Capital International (MSCI) World ex-Australia Index. The All Ords measures the performance of the Australian share market while the MSCI measures the performance of the world’s share markets excluding Australia.

What are the benefits of index management?The benefits of index management compared with active fund managers include:

Competitive performance: generally index managers have provided superior returns to the majority of active managers with similar investment objectives over the medium to long term.

transparency: index funds provide returns that closely track the market making it easy for you to understand why your investment has performed as it has.

managing risk: index funds replicate the market in their holding of securities. Effectively they ‘buy the market’ thereby minimising risk that you are under or over exposed to any one security.

Potentially tax effective: index funds typically have a low turnover of the underlying securities compared with active funds. This means that when capital gains are realised a higher proportion of them have been held for more than 12 months and so qualify for a reduced rate of capital gains tax. The low turnover of securities also means that unrealised gains are greater thereby deferring the payment of tax compared with actively managed funds. This benefit does not apply for the account based pensions like the Pension Plan as the income of that product is not taxed.

Cost: index managers generally offer appreciably lower fees than active managers.

We believe all of these benefits add up to superior returns after fees and taxes are taken into consideration.

Choose the right investment portfolioSuperChoice offers you two major choices right from the start: our Simplicity Funds or our Sector Funds.

simplicity Funds Simplicity Funds are pre-selected diversified portfolios that offer you uncomplicated investment solutions. These have been designed for investors who seek access to a broad range of investment types, simply packaged in portfolios where the mix is fixed.

You have a choice of: • CapitalGuaranteed; • CapitalStable; • Balanced; • Growth;and • ShareMarket.

We have selected various investment managers based on their expertise and experience in managing particular asset classes.

sector Funds SuperChoice’s range of Sector Funds take advantage of the following specific market sectors to bring you the investment portfolios in the following asset classes: • AustralianFixedInterest; • ListedProperty; • AustralianShares;and • OverseasShares.

Investing in SuperChoice

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Investing in SuperChoice

The Sector Funds offer you the choice to manage the diversification of your investments. This allows investors with a more detailed understanding of investment markets or their own specific financial goals to tailor their investments more precisely.

We regularly review the performance of each investment manager. Where we are unsatisfied with the performance of a particular manager we may replace the manager with another.

Details of the objectives, asset mix and investment time frames are provided on pages 12 to 15.

are labour standards, environmental, social or ethical issues taken into consideration?Labour, environmental, social and ethical considerations are not explicitly taken into account when making investment decisions. As index funds ‘buy the market’ they reflect current practices in the market. Should these issues begin to adversely affect the performance of the chosen investment this policy may be reviewed.

What significant risks have been identified for superChoice?There is a relationship between the amount of risk an investor is willing to take and the potential return they may get on their investments. In general, investments that potentially earn higher returns carry a higher risk. For example, growth assets such as shares and property carry a higher risk than defensive assets such as fixed interest and cash. Investments that potentially earn lower returns are likely to fluctuate less in value. Each investment portfolio has differing expectations of risk and return.

Significant risks identified for SuperChoice may include the following:

market risk: Broad issues such as government policy, economic conditions, interest rates and inflation, even market sentiment can (and does) have the capacity to increase or decrease the value of investment markets.

investment risk: The higher the expected return, the higher the risk exposure. Each security type and individual securities (e.g. cash, fixed income, equity, derivatives and property) have specific risks which are managed through monitoring and market observation.

inflation risk: Where returns on an investment do not at least match the rate of inflation, the real value of the investment will fall. This is a major risk for conservative investments.

Currency risk: Movements in foreign currency can affect the Australian dollar value of investments in overseas markets.

Portfolio risk: Typically this includes risks such as the portfolio being terminated, the fees and expenses increasing, our investment managers changing or the withdrawals by other investors impacting portfolio performance. We aim to keep portfolio risk to a minimum by acting in your best interests.

legislative risk: Changes are frequently made to superannuation and taxation law which may affect your ability to access your investment or the value of your investment.

are there any guarantees?Once a unit price is declared for the Simplicity Capital Guaranteed Portfolio, the Administrator guarantees it will never decrease, but the value of your account may be reduced by taxes and charges.

Except to the extent that has just been stated: •yourinvestmentinSuperChoiceisnotguaranteed;and •thevalueofyourinvestmentcanriseorfall.

Please note that the investment portfolios offered may change from time to time. In that case, the Trustee may move your investments in the affected portfolios to other similar investment portfolios.

How does your superChoice account operate? opening your account Generally, an account is opened in your name when we accept a completed application form and receive a contribution or rollover.

When you open your SuperChoice account you should provide us with the dollar amount or percentage you would like us to allocate to each investment portfolio. You should also tell us how you want us to allocate any future contributions.

The amount invested in your account will be reflected in the number of units issued to you. This is determined by dividing the amount you invest in each investment portfolio (less any contribution fee and/or tax) by the relevant buy price at the date we complete processing your application.

The purchase of your units will normally be completed within five business days after receipt of your contribution or rollover and all necessary information in our office using the buy price applicable on the day of completion.

The buy unit price reflects the value of the assets in the investment portfolio after expenses, taxes and other liabilities are taken into account.

How are unit prices calculated? The unit price for each investment portfolio is calculated by taking the market value of the portfolio’s assets on a given day adjusted for any liabilities and then dividing the net value by the number of units held by all members invested in that investment portfolio. The market value of each option is determined using the most recent information available.

In calculating unit prices we make an allowance for brokerage and other transaction costs associated with the buying and selling of the underlying investments.

The unit price that units are issued at is called the ‘buy’ price. The unit price that units are redeemed at or rolled out of the fund is called the ‘sell’ price. There is a difference of 0.30% between these prices which reflects the transaction costs payable by you. This is known as the buy/sell spread. (No buy/sell spread applies for the Capital Guaranteed portfolio.) To the extent that actual transaction costs are less than the buy/sell spread any saving will be applied to the fund for the benefit of all members.

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application of your money before your superChoice account is issued to youYour money is not invested in your chosen investment portfolio until all cleared funds and relevant paperwork are received in our office.

If there is a delay in opening your SuperChoice account we will retain your contribution or rollover in a trust account until it is opened. This could happen if we need to ask you for further information or clarification of your instructions or if we are waiting for a third party to roll over benefits to SuperChoice. Any interest earned on that account is retained by us.

additional contributionsAdditional contributions will be invested using the buy unit price on the day of processing. Where you do not provide instructions as to how you want the funds invested we will invest them in each of the portfolios that you are currently invested in. This will be done in proportion to each portfolio’s value to the total value of your account.

switches and withdrawalsYou can switch between investment portfolios at any time. This allows you to alter your investment mix as you choose.

We will process your switch by redeeming units at the sell price from the nominated portfolio(s) and issuing units in the chosen portfolio(s) at the buy price.

A switch of units will normally be completed within five business days after receipt of all necessary information in our office using the buy and sell price applicable on the day of completion.

You will also need to tell us how you would like us to allocate a withdrawal from among your investment portfolios. Unless you notify us of a specific investment portfolio you would like to withdraw from, the funds will be withdrawn from each portfolio in which you are invested. This will be done in proportion to that portfolio’s value to the total value of your account.

suspension of tradesWe may delay processing contributions, switches or withdrawals in exceptional circumstances where we believe it is necessary to protect members’ interests.

Can your superannuation benefits be transferred out of superChoice without your consent?Yes. If your balance falls below $1,000 or if we cannot contact you, your benefits may be transferred to the Colonial Super Trace eligible rolloverfund(“ERF”).

Colonial SuperTrace Locked Bag 5429 Parramatta NSW 2124. Ph 1300 788 750.

TheassetsoftheERF,likeothereligiblerolloverfunds,areinvestedconservatively and are therefore likely to produce lower returns in the long term compared with a balanced portfolio. Benefits claimed from

eligible rollover funds are subject to the normal legislative requirements which apply to superannuation benefits.

You could become a ‘lost member’ if at least one written communication sent to your last known address is returned unclaimed. Lost members’ benefits are reported to the Australian Taxation Office and these records may be searched online at www.ato.gov.au/super. Alternatively, if you are a member trying to locate lost superannuation accounts, you should contact Client Services by using the contact details on page 1 of this PDS and we can conduct a search on your behalf.

Please help us to keep your details up to date and advise us of any information that has changed (especially your address).

unclaimed benefitsIf you reach age 65, die, or your account has been inactive for two years (i.e. we have not received a contribution from you) and after making reasonable enquiries we cannot contact you, generally we must report your benefit as unclaimed money and pay it to the Commissioner of Taxation. The Australian Taxation Office maintains a register of unclaimed money and this can be accessed at www.ato.gov.au or by calling 13 10 20.

marriage breakdownSuperannuation is able to be split on marriage breakdown. Separated couples can agree to split a superannuation interest during or after a marriage breakdown. If your spouse informs us that they need information to properly negotiate a superannuation agreement we are required to provide the information and cannot tell you. Failing agreement or as an alternative to an agreement the Family Court can make orders with respect to splitting superannuation between the parties. These laws do not apply to de facto or same sex relationships. Please contact us for further details by using the contact details on page 1 of this PDS.

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SuperChoice Investment Options – Simplicity Funds

Portfolio objective strategy Who is this portfolio suitable for?

investment time frame

investment management fee

Benchmark asset allocation Performance1

Capital Guaranteed

To provide consistent and secure returns over the short and long term with guaranteed security of asset value.

Invests in interest bearing cash.

Security conscious investors who place a high priority on avoiding capital losses and negative returns in the short term.

Up to 2 years 0.25% p.a.

Capital stable

To provide over the medium term a higher return than is generally associated with the Capital Guaranteed fund while providing lower short term volatility in investment returns compared with most balanced investments.

Invests in cash, fixed interest, listed property trusts, Australian and overseas shares.

Investors seeking a conservatively diversified portfolio that provides steady returns with a low probability of incurring a negative annual return in any particular year.

2 to 4 years 0.25% p.a.

Balanced To provide over the medium to long term returns that are generally higher than those achieved by investing in the Capital Guaranteed or Capital Stable funds with a moderate possibility of incurring a negative annual return in any particular year.

Invests in a diversified portfolio providing a balanced exposure to the major asset classes, shares, fixed interest and listed property trusts.

Medium term investors seeking potentially higher returns through a balanced exposure to major asset classes but who are not concerned about a moderate level of volatility in short term returns.

4 to 5 years 0.25% p.a.

Growth To provide over the medium to long term returns that are generally higher than those achieved by investing in Balanced funds with a medium to high possibility of a negative return in any particular year.

Invests in a diversified portfolio, providing a balanced exposure to the major asset classes, shares, fixed interest and property, with an emphasis on shares and listed property trusts.

Long term investors seeking higher returns through a diversified portfolio weighted towards market linked assets and who are comfortable with a medium to high degree of volatility.

5 years or more

0.25% p.a.

share market

To obtain a relatively high return from market linked assets over the medium to long term with a similarly high possibility of a negative return in any particular year.

Invests in Australian and overseas shares, listed property trusts and cash.

Long term investors who seek a portfolio of Australian and international shares and who can tolerate considerable short term fluctuations including the risk of short term negative returns.

5 years or more

0.25% p.a.

1. Performance is calculated by St Andrew’s Life Insurance Pty Ltd after the deduction of any applicable tax and charges. Past performance is not a reliable indicator of future performance.

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Capital Guaranteed

To provide consistent and secure returns over the short and long term with guaranteed security of asset value.

Invests in interest bearing cash.

Security conscious investors who place a high priority on avoiding capital losses and negative returns in the short term.

Up to 2 years 0.25% p.a.

Capital stable

To provide over the medium term a higher return than is generally associated with the Capital Guaranteed fund while providing lower short term volatility in investment returns compared with most balanced investments.

Invests in cash, fixed interest, listed property trusts, Australian and overseas shares.

Investors seeking a conservatively diversified portfolio that provides steady returns with a low probability of incurring a negative annual return in any particular year.

2 to 4 years 0.25% p.a.

Balanced To provide over the medium to long term returns that are generally higher than those achieved by investing in the Capital Guaranteed or Capital Stable funds with a moderate possibility of incurring a negative annual return in any particular year.

Invests in a diversified portfolio providing a balanced exposure to the major asset classes, shares, fixed interest and listed property trusts.

Medium term investors seeking potentially higher returns through a balanced exposure to major asset classes but who are not concerned about a moderate level of volatility in short term returns.

4 to 5 years 0.25% p.a.

Growth To provide over the medium to long term returns that are generally higher than those achieved by investing in Balanced funds with a medium to high possibility of a negative return in any particular year.

Invests in a diversified portfolio, providing a balanced exposure to the major asset classes, shares, fixed interest and property, with an emphasis on shares and listed property trusts.

Long term investors seeking higher returns through a diversified portfolio weighted towards market linked assets and who are comfortable with a medium to high degree of volatility.

5 years or more

0.25% p.a.

share market

To obtain a relatively high return from market linked assets over the medium to long term with a similarly high possibility of a negative return in any particular year.

Invests in Australian and overseas shares, listed property trusts and cash.

Long term investors who seek a portfolio of Australian and international shares and who can tolerate considerable short term fluctuations including the risk of short term negative returns.

5 years or more

0.25% p.a.

Cash 100%

Fixed Interest 40%

Listed PropertyTrusts 5%

Cash 10%

AustralianShares 35%

OverseasShares 10%

Fixed Interest 30%

Listed PropertyTrusts 5%

Australian Shares 45%

OverseasShares 20%

Listed Property Trusts 5%

AustralianShares 65%

OverseasShares 30%

Fixed Interest 53%Australian

Shares 17% Cash 30%

To 31/08/08 Superannuation Plan Pension Plan

1 Year 3.93% p.a. 4.24% p.a.

3 Years 4.25% p.a. 4.39% p.a.

5 Years 4.04% p.a. 4.34% p.a.

From Inception (07/03/2000)

3.59% p.a. 4.02% p.a.


1 Year 1.53% p.a. 1.02% p.a.

3 Years 4.81% p.a. 4.58% p.a.

5 Years 5.38% p.a. 5.73% p.a.


4.66% p.a. 5.16% p.a.


1 Year -5.20% p.a. -6.62% p.a.

3 Years 5.26% p.a. 4.81% p.a.

5 Years 7.11% p.a. 7.53% p.a.


4.91% p.a. 5.40% p.a.


1 Year -8.82% p.a. -10.57% p.a.

3 Years 4.62% p.a. 4.59% p.a.

5 Years 7.36% p.a. 8.16% p.a.


4.41% p.a. 5.06% p.a.


1 Year -14.33% p.a. -16.46% p.a.

3 Years 5.06% p.a. 4.78% p.a.

5 Years 8.97% p.a. 9.83% p.a.


4.65% p.a. 5.18% p.a.

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SuperChoice Investment Options – Sector Funds





sector: australian Fixed interest

To provide returns that closely track the returns of the UBS Australian Composite Bond Index. The index is based on returns pre-tax and fees and takes into account the re-investment of income.

Place funds with managers who have the capability of providing returns (pre-tax and fees) that closely match those provided by the UBS Australian Composite Bond Index on a day to day basis.

Investors seeking exposure to a diversified portfolio of Australian fixed interest with a high level of confidence that returns (pre-tax and fees) will closely match those of the index for this asset class.

3 years 0.25% p.a.

sector: listed Property

To provide returns that closely track the returns of the S&P ASX 200 Listed Property Trust Accumulation Index. The index is based on returns pre-tax and fees and takes into account the re-investment of income.

Place funds with managers who have the capability of providing returns (pre-tax and fees) that closely match those provided by the S&P ASX 200 Property Trust Accumulation Index on a day to day basis.

Investors seeking exposure to a diversified portfolio of Australian listed property with a high level of confidence that returns (pre-tax and fees) will closely match those of the index for this asset class.

3 to 5 years 0.25% p.a.

sector: australian shares

To provide returns that closely track the returns of the S&P ASX 300 Accumulation Index. The index is based on returns pre-tax and fees and takes into account the re-investment of income.

Place funds with managers who have the capability of providing returns (pre-tax and fees) that closely match those provided by the S&P ASX 300 Accumulation Index on a day to day basis.

Investors seeking exposure to a diversified portfolio of Australian shares with a high level of confidence that returns (pre-tax and fees) will closely match those of the index for this asset class.

5 years 0.25% p.a.

sector: overseas shares

To provide returns that closely track the returns of the MSCI World Index (excluding Australia) in Australian dollars. The index is unhedged and is based on returns pre-tax and fees and takes into account the re-investment of income.

Place funds with managers who have the capability of providing returns (pre-tax and fees) that closely match those provided by the MSCI World Index (excluding Australia) in Australian dollars on a day to day basis.

Investors seeking exposure to a diversified portfolio of international shares with a high level of confidence that returns (pre-tax and fees) will closely match those of the index for this asset class. Investors should be willing to accept the increased volatility of a portfolio that has not hedged the currency risk.

5 to 7 years 0.25% p.a.

1. Performance is calculated by St Andrew’s Life Insurance Pty Ltd after the deduction of any applicable tax and charges. Past performance is not a reliable indicator of future performance.

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sector: australian Fixed interest

To provide returns that closely track the returns of the UBS Australian Composite Bond Index. The index is based on returns pre-tax and fees and takes into account the re-investment of income.

Place funds with managers who have the capability of providing returns (pre-tax and fees) that closely match those provided by the UBS Australian Composite Bond Index on a day to day basis.

Investors seeking exposure to a diversified portfolio of Australian fixed interest with a high level of confidence that returns (pre-tax and fees) will closely match those of the index for this asset class.

3 years 0.25% p.a.

sector: listed Property

To provide returns that closely track the returns of the S&P ASX 200 Listed Property Trust Accumulation Index. The index is based on returns pre-tax and fees and takes into account the re-investment of income.

Place funds with managers who have the capability of providing returns (pre-tax and fees) that closely match those provided by the S&P ASX 200 Property Trust Accumulation Index on a day to day basis.

Investors seeking exposure to a diversified portfolio of Australian listed property with a high level of confidence that returns (pre-tax and fees) will closely match those of the index for this asset class.

3 to 5 years 0.25% p.a.

sector: australian shares

To provide returns that closely track the returns of the S&P ASX 300 Accumulation Index. The index is based on returns pre-tax and fees and takes into account the re-investment of income.

Place funds with managers who have the capability of providing returns (pre-tax and fees) that closely match those provided by the S&P ASX 300 Accumulation Index on a day to day basis.

Investors seeking exposure to a diversified portfolio of Australian shares with a high level of confidence that returns (pre-tax and fees) will closely match those of the index for this asset class.

5 years 0.25% p.a.

sector: overseas shares

To provide returns that closely track the returns of the MSCI World Index (excluding Australia) in Australian dollars. The index is unhedged and is based on returns pre-tax and fees and takes into account the re-investment of income.

Place funds with managers who have the capability of providing returns (pre-tax and fees) that closely match those provided by the MSCI World Index (excluding Australia) in Australian dollars on a day to day basis.

Investors seeking exposure to a diversified portfolio of international shares with a high level of confidence that returns (pre-tax and fees) will closely match those of the index for this asset class. Investors should be willing to accept the increased volatility of a portfolio that has not hedged the currency risk.

5 to 7 years 0.25% p.a.

AustralianFixed Interest99%

Cash 1%

Listed Property 99%

Cash 1%

Australian Shares 99%

Cash 1%

Overseas Shares 99%

Cash 1%

To 31/08/08 Superannuation Plan

Pension Plan IndexReturn: S&P ASX 300 Accumulation Index

1 Year -11.79% p.a. -13.94% p.a. -14.51% p.a.

3 Years n.a. n.a. 9.41% p.a.

5 Years n.a. n.a. 14.61% p.a.


-1.03% p.a. -0.87% p.a. 1.27% p.a.


Pension Plan IndexReturn: MSCI World Index* in Australian dollars

1 Year -15.12% p.a. -18.05% p.a. -16.99% p.a.

3 Years n.a. n.a. 1.08% p.a.

5 Years n.a. n.a. 3.86% p.a.


-7.47% p.a. -8.71% p.a. -8.03% p.a.


Pension Plan IndexReturn:S&P ASX 200 Property Trust Accumulation Index

1 Year -31.15% p.a. -36.14% p.a. -35.34% p.a.

3 Years -2.96% p.a. -4.54% p.a. -1.56% p.a.

5 Years n.a. n.a. 6.86% p.a.


3.67% p.a. 3.54% p.a. 6.66% p.a.


Pension Plan IndexReturn:UBS Australian Composite Bond Index

1 Year 4.62% p.a. 5.03% p.a. 6.95% p.a.

3 Years n.a. n.a. 4.86% p.a.

5 Years n.a. n.a. 5.38% p.a.


3.67% p.a. 4.22% p.a. 5.80% p.a.

*excluding Australia

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SuperChoice – Fees and Other Costs

Federal Government regulations require us, as the issuer of a superannuation product, to include the following standard consumer warning in this PDS to help you compare SuperChoice with other superannuation funds and products:

This document 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 portfolios as a whole. Taxation information is set out on pages 19 to 21 of this PDS.

You should read all of the information about fees and costs because it is important to understand their impact on your investment.

Fees and costs for particular investment portfolios are set out on pages 12 and 14.

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.

You may be able to negotiate to pay lower contribution fees and management costs where applicable. ask the fund or your Financial adviser.

to Find out moreIf you would like to find out more, or see the impact of the fees based on your circumstances, the Australian Securities and Investments Commission (ASIC) website www.fido.asic.gov.au has a superannuation fee calculator to help you check out different fee options.

Type of fee or cost Amount How and when paid

Fees when your money moves in and out of SuperChoice

Establishment fee The fee to open your investment.

Nil

Contribution fee1 The fee on each amount contributed to your investment – either by you or your employer.

Up to 4% of each contribution, transfer or rollover.

This fee is charged by the Administrator to SuperChoice. It is calculated and deducted from each contribution, transfer or rollover into SuperChoice. The amount of this fee can be negotiated.

Withdrawal fee The fee on each amount taken out of your investment.

Nil

Termination fee The fee to close your investment.

Nil

1. See ‘Negotiated fees’ under the heading ‘Additional explanation of fees and costs’.

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2. Any payment not made to your Financial Adviser will be retained by the Administrator.3.See‘Rebates’undertheheading‘Additionalexplanationoffeesandcosts’.

Type of fee or cost Amount How and when paid

Management costs

The fees and costs for managing your investment

Administration fee The fees and costs for administering your investment is 1.30% p.a.

The above administration fee includes a 0.50% p.a. Adviser service fee payable to your Financial Adviser.2

The fee is calculated as a percentage of your account balance. It is calculated and deducted daily from the net value of SuperChoice’s assets before the unit price is determined.

This administration fee is reduced by the Investor linking/large account rebate3 A rebate of the administration fee is made where a member has a large account balance and/or a family member has also invested in SuperChoice:

Account balances $100,000 or less Nil Accounts balances above $100,000 and up to $300,000 0.10% p.a.

Account balances above $300,000 0.20% p.a.

The rebate is calculated on your total account balance and credited at the end of each quarter and on termination of your investment. Investor linking rebates are credited to each linked account in the same proportion as the relevant account balances.

The amount you pay for specific investment portfolios is shown at pages 12 and 14

Investment management fee 0.25% p.a.

The fee is calculated as a percentage of your account balance. It is calculated and deducted daily from the net value of SuperChoice’s assets before the unit price is determined.

Service fees

Investment switching fee The fee for changing investment portfolios

Nil

additional explanation of fees and costsWe do not retain any fees or costs. We deduct the above fees and costs from SuperChoice and pay them to the Administrator. All expenses connected with SuperChoice are included in the tables on this page and page 18 of this PDS.

rebatesInvestor linking rebate Each person applying to link SuperChoice accounts for the purpose of a rebate on the administration fee must be a member of the same immediate family including spouse, defacto, parent, child, brother, sister and grandparent and all relevant parties must consent to the linking.

We have the right to reject a request and may cancel the linking of an investor at any time. All investors must apply in a written form approved by us. Linking can be cancelled by an investor at any time.

Linking of investors does not confer any additional rights, entitlements or obligations in relation to the investment of an investor. It is for the purpose of administration fee rebates only. There is no other sharing or disclosing of linked investors’ information, so confidentiality is assured.

Large account rebate A rebate of the administration fee is available for large accounts (account balances of ‘linked’ family members are included in determining the rebate). The rebate is calculated quarterly at the end of each quarter.

increases or alteration in the fees and charges The fees and charges may be changed (for instance, due to changing economic conditions and changes in regulation). We will provide you with 30 days’ written notice of any proposed change.

The table on the following page sets out the maximum fees (excluding GST) prescribed by the trust deed in respect of SuperChoice.

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However, we will not (unless you are given prior notice) charge more than the amounts shown in the fee tables above.

negotiated feesYour Financial Adviser may negotiate the contribution fee with you. Your Financial Adviser’s contact details will be in the Financial Services Guide and Statement of Advice which your Financial Adviser will give to you.

tax deduction for feesThe Administrator retains the benefit of any available tax deduction on any of the fees and costs of SuperChoice (an amount of up to 15% of these fees). We intend to seek reimbursement for SuperChoice of any GST on the management fees and GST charged to us by service providers in respect of SuperChoice.

What is paid to your Financial adviser?Your Financial Adviser recommending this plan may receive payment for the sale in the form of a contribution fee and adviser service fee.

The contribution fee you are charged is paid to the Administrator. The adviser service fee is deducted from the Administration fee and is not an additional charge to you.

Your Financial Adviser is employed by a company in the HBOSA Group.

The amount of fees paid to your Financial Adviser depends on your Financial Adviser’s employment terms and conditions.

If your Financial Adviser is paid a salary he or she is credited with a notional revenue equivalent to the contribution fee paid by you and a notional adviser service fee of up to 0.50% p.a. of the account balance.

If your Financial Adviser is not paid a salary he or she is entitled to receive an amount equal to 40% of the contribution fee paid by you and an adviser service fee of 0.20% p.a. of the account balance. The balance of the contribution fee and an adviser service fee is retained by the Financial Adviser’s employer.

Any payment not made to your Financial Adviser will be retained by the Administrator. The Administrator may also give non-cash benefits e.g. merchandise to your Financial Adviser.

example of annual fees and costs for a balanced investment optionThe following table gives an example of how the fees and costs in the balanced investment option for this product can affect your superannuation investment over a one year period. You should use this table to compare this product with other superannuation products.

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SuperChoice – Fees and Other Costs

Example – the Balanced Investment Portfolio1 Balance of $50,000 with contributions of $5,000 during year

Contribution Fees 0–4% For every $5,000 you put in, you will be charged between $0 and $200.

Plus Management Costs1 1.55% p.a. For every $50,000 you have in the fund you will be charged $775 each year.

Equals Cost of fund If you put in $5,000 during a year and your balance was $50,000, then for that year you will be charged fees of from:

$775 to $975 for the Superannuation Plan and Pension Plan

What it costs you will depend on the investment portfolio you choose and fees you negotiate with your Financial Adviser.

Maximum fees allowable

Contribution fee No maximum specified.

Withdrawal fee 6% of the withdrawal amount plus, in the case of the Pension Plan, $6.86 for any benefit payment, transfer or withdrawal (indexed annually to CPI). This fee is not currently charged.

Administration fee 3% of the value of the benefit.

Investment management fee No maximum specified.

Account fee $54.87 p.a. for each account (indexed annually to CPI). This fee is not currently charged.

Switch fee $34.29 per switch (indexed annually to CPI). The first switch in a calendar year is free of charge. The second and any subsequent switches in the calendar year will incur the switching fee.This fee is not currently charged.

1. Consists of the administration and the investment management fees.

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Your tax File number (tFn)It is not compulsory to provide your TFN. However, we require your TFN in all cases except where you are opening a Pension Plan and you are 60 years of age or older.

Under the Superannuation Industry (Supervision) Act 1993, we are authorised to collect your TFN, which will only be used for lawful purposes.

These purposes may change in the future as a result of legislative change. The Trustee may disclose your TFN to another superannuation provider, when your benefits are being transferred, unless you request us in writing that your TFN not be disclosed to any other superannuation provider.

It is not an offence not to quote your TFN. However giving your TFN to us will have the following advantages (which may not otherwise apply):• SuperChoicewillbeabletoacceptalltypesofcontributionstoyouraccount/s;

• thetaxoncontributionstoyoursuperannuationaccount/swillnotincrease;

• otherthanthetaxthatmayordinarilyapply,noadditionaltaxwillbe deducted when you start drawing down your superannuation benefits;and

• itwillmakeitmucheasiertotracedifferentsuperannuationaccounts in your name so that you receive all your superannuation benefits when you retire.

taxation and your superannuation Plantaxation treatment of contributions to superChoice Contributions to superannuation are classified as either concessional or non-concessional. There are limits on the amount of concessional and non-concessional contributions that may be made in any financial year without triggering significant tax liabilities (refer below). Concessional contributions are typically made by an employer on behalf of an employee or personal contributions made by a self-employed person that are claimed as a tax deduction. Generally, non-concessional contributions are those made from after tax income. These contributions are not eligible for a tax deduction.

The following table shows the maximum amount of concessional and non-concessional contributions that can be contributed to superannuation for any individual for the 2008/09 financial year.

age of fund member

Concessional contribution†

non-concessional contribution*

Less than 50 $50,000 $150,000

50 and older $100,000 $150,000

The contribution limits (except the $100,000 cap) will be indexed to AWOTE and rounded down to the nearest increment of $5,000 by the Federal Government.

* Non-concessional contributionsMembers under age 65 may make up to three years worth of non-concessional contributions in a given financial year provided that once the annual contribution cap of $150,000 is exceeded then the total non-

concessional contributions for the next three years do not exceed $450,000 (bring forward cap).

Contributions in excess of the non-concessional contribution cap, or the bring forward cap, will count towards the concessional contributions cap.

Some contributions will be exempt from the non-concessional contributions cap and the bring forward cap, which are certain payments for personal injuries that result in a person being permanently incapacitated and an amount of up to a lifetime indexed limit of $1 million from the disposal of qualifying small business assets. You must notify the Trustee that you do not want these contributions to count towards the contribution caps at the time they are made otherwise they will count towards the relevant contribution caps.

To be exempt from the contribution caps, you must complete a form issued by the ATO for each type of contribution and submit it to us at the time of making the contribution(s). Forms are available from the ATO on its website www.ato.gov.au or by calling 13 10 20.

The Trustee must reject certain non-concessional contributions based on your age and the amount of the contribution. If you are aged 64 or less on 1 July, the Trustee must reject that part of each non-concessional contribution that would exceed the bring forward cap. If you are aged 65 or older but less than 75, the Trustee must reject that part of each non-concessional contribution that would exceed the non-concessional contribution cap.

No tax is paid on non-concessional contributions, up to the permitted maximum, you make into SuperChoice. Similarly, no tax is payable when money is transferred into or out of SuperChoice from an Australian superannuation fund (unless there is an untaxed amount – see below).

† Concessional contributionsA higher transitional cap of $100,000 for concessional contributions applies to people over 50. The $100,000 concessional contribution cap is a transitional measure applying until the end of the 2012 financial year. At this time the maximum concessional contribution amount for persons aged 50 and over will revert to the maximum applying for persons under age 50.

General conditionsMembers need to take care not to exceed the contributions limits as significant tax disadvantages apply where this occurs. These being: • additionaltaxof31.5%(inadditiontocontributionstaxof15%)on that part of any concessional contributions in excess of the permittedmaximum;and • taxof46.5%onthatpartofanon-concessionalcontributionin excess of the permitted maximum.

Contributions tax of 15% is paid by SuperChoice on: • allconcessionalcontributions;and • certainuntaxedamountsrolledintoSuperChoicefromother superannuation funds.

Contributions tax will be deducted from these contributions before we calculate the number of units to be issued to you.

Any persons under the age of 18 must generate business or employment income to be eligible to contribute into superannuation.

taxation

Taxation

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Taxation

Some tax benefits available in respect of contributions to SuperChoice include the following: • ataxdeductionforemployercontributions; • ataxdeductionforpersonalcontributionsifyouareself-employed

(if you intend to claim this tax deduction you will need to send us a prescribedform);

• ataxoffsetofupto$540forcontributionsmadetoSuperChoiceon your spouse’s behalf. This offset is not available if your spouse’sincomeexceeds$13,800;and

• aco-contributionfromtheGovernmentifyourassessableincome is less than $60,342. The maximum co-contribution of $1,500 applies if your assessable income is below $30,342 and you make $1,000 of after-tax contributions.

tax treatment within superChoice Investment earnings in SuperChoice are taxed at a maximum rate of 15%, subject to reductions for imputation credits and foreign tax credits. Capital gains on assets held for less than 12 months are taxed at 15% while gains on assets held for 12 months or longer are taxed at 10%.

tax on lump sum payments from superChoice Members 60 years of age or older pay no tax on withdrawals from SuperChoice. For members aged less than 60 the tax payable depends on the composition of their superannuation benefit and their age. The following table shows the tax treatment of superannuation benefits paid as a lump sum from SuperChoice.

Component age of member tax

Tax free Any age – No tax

Taxable – 60 or older – 55 to less than 60 – Less than 55

– No tax – No tax on the first $145,000. Balance taxed at 15% plus Medicare levy – 20% plus Medicare levy

death benefits If you die, lump sum benefits paid to your dependants from SuperChoice are tax free. The following are considered dependants for tax purposes: • yourspouse(includingadefactospouse); • yourchildagedunder18;

• anyotherpersonwithwhomyouhavean‘interdependency relationship’asdefinedbytaxlawatthetimeofdeath;and • anyotherpersonwhowasyourdependantatthetimeofdeath.

The taxable component of any superannuation lump sum death benefit paid to non-dependants is taxed at 15% plus the Medicare levy.

What is the position on social security? Assets in superannuation funds are excluded from the Age Pension asset test while you are under Age Pension age.

taxation and your Pension PlanBy placing your superannuation money in the Pension Plan you receive a tax free income from age 60. Prior to age 60 you receive an income that is concessionally taxed.

tax treatment on income within the Pension Plan? No tax is paid on investment earnings within the Pension Plan and income may be enhanced by any imputation credits received as part of these earnings.

How are your pension payments taxed? Taxation of your pension payments depends upon your age (i.e. are you less than 60 or 60 and over), the composition of your investment (i.e. proportion of tax free and taxable components) and whether the amount rolled into your Pension Plan came from a taxed or untaxed superannuation fund.

On commencement of your Pension Plan the proportion of the tax free and taxable components is calculated. The proportions calculated remain constant throughout the life of your Pension Plan and are of relevance as they determine the tax payable on income received before age 60 and death benefits paid to non-dependants.

Under Age 60: For someone under age 60 who has reached their preservation age, income in respect of their tax free component of their Pension Plan is tax free while the income in respect of their taxable component is taxed at their marginal tax rate with a 15% tax offset.

For someone under age 60 who has yet to reach their preservation age, the 15% offset is only available if the pension relates to a disability superannuation benefit.

Age 60 and over: For someone age 60 and over whose Pension Plan commences with the proceeds from a taxed superannuation fund there is no tax pay-able on pension payments.

If you are thinking about rolling over money into the Pension Plan from another superannuation fund, you should check with your Financial Adviser or your fund whether it is a taxed or untaxed fund. Most superannuation funds are taxed funds, including SuperChoice. Funds that are not taxed funds are usually public sector funds.

death benefits If you die, lump sum benefits paid to your dependants from SuperChoice are tax free. The following are considered dependants for tax purposes: • yourspouse(includingadefactospouse); • defactospouse;

taxation of Pension Payments

Age Pension funded from proceeds of a taxed superannuation fund

60 and above Pension payments are tax free

Preservation age to age 60

Taxable component of pension payments taxed at pensioner’s marginal tax rates less a 15% tax offsetNo tax payable on tax free component

Below preservation age

Pension payments taxed at pensioner’s marginal tax rate. A 15% tax offset is available if the pension relates to a disability superannuation benefit No tax payable on tax free component

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taxation

• yourchildagedunder18; • anyotherpersonwithwhomyouhavean‘interdependencyrelationship’asdefinedbytaxlawatthetimeofdeath;and

• anyotherpersonwhowasyourdependantatthetimeofdeath.

The taxable component of any superannuation lump sum death benefit paid to non-dependants is taxed at 15% plus the Medicare levy.

reversionary pensions A reversionary pension paid to your dependant from SuperChoice is taxed as shown in the following table.

A reversionary pension payable to your child must be cashed when they turn 18 or, if they are financially dependent on you, 25. A pension may continue to be paid to your child if they are disabled irrespective of their age.

What is the position on social security? Centrelink and the Department of Veterans’ Affairs include the Pension Plan in applying both the Asset Test and the Income Test. At present, under the Asset Test, the balance of your account is fully assessed as an asset. Under the Income Test, the pension received, excluding the ‘deductible amount’ is assessed.

The ‘deductible amount’ for social security purposes is calculated by dividing the amount initially invested by the pensioner’s life expectancy at the time of purchase. Should there be a reversionary pensioner whose life expectancy exceeds the pensioner’s, the initial investment is divided by the reversionary pensioner’s life expectancy.

death Benefits

That part of your Pension Plan funded from proceeds of a taxed superannuation fund

Paid to dependant – Tax free component – Taxable component

Tax free Tax free

Paid to non-dependant – Tax free component – Taxable component

Tax free 15% tax plus Medicare levy

reversionary pensions

Your age at time of death

Your dependant’s age at time of your death

Taxation of reversionary pension

Less than 60 Less than 60 Taxed at dependant’s marginal tax rate less a 15% tax offset

Less than 60 60 or older Tax free

60 or older Any age Tax free

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We respect your privacyThe personal information we collect from you at the time of application is used to establish and administer your investment with us. Without this information we will not be able to properly administer your account. You can contact us by using the contact details on page 1 of this PDS to access the information we hold about you.

We are bound by the Privacy Act 1988 (Cth) and the National Privacy Principles and are committed to protecting personal information we may hold about you. Upon becoming a SuperChoice member, we create a file to securely store all of the personal information which we collect. Your file also holds details of all instructions received from you, recommendations made and advice provided to you. Our detailed Privacy Policy outlines how we collect, use and disclose personal information.

You can contact us by using the contact details on page 1 of this PDS to request that a copy be provided to you.

By completing the application form accompanying this PDS you authorise us to disclose necessary information about you to: • Ourrelatedcompaniesandtoanyagents,representatives, organisations or contractors who provide services to us in connection with the provision of products and services you have sought from us and for the marketing of specific products andservices;and • Otherorganisationswithwhichwehavealliancesor arrangements for the purposes of promoting our respective products and services (including any agents, representatives or contractors used by us or our business partners in administering such an arrangement or alliance).

These parties are prohibited from using your personal information except for the specific purpose for which we supply it to them.

What if you have a question, complaint or dispute?We are committed to ensuring that you are satisfied with SuperChoice. If you have any questions, complaints or concerns regarding SuperChoice or the service you have received in respect of SuperChoice please contact: • ClientServiceson1300780553 or email [email protected] • Writeto: The Complaints Manager St Andrew’s GPO Box 2979, Melbourne, VIC 3001

We will attempt to resolve your complaint within 45 days. In the unlikely event that your complaint is not resolved to your satisfaction or we have not responded within 90 days you may contact the Superannuation Complaints Tribunal (Tribunal). The Tribunal is an independent body established by the Federal Government to assist members and beneficiaries in resolving complaints about trustee decisions concerning superannuation benefits.

The Tribunal will only deal with your complaint once you have exhausted our internal complaints resolution procedures. If the Tribunal can consider your complaint it will first attempt to resolve the

matter through inquiry and conciliation before reviewing our decision.

You can find out whether the Tribunal can handle your complaint by contacting the Tribunal on the following details:Superannuation Complaints Tribunal Locked Bag 3060 GPO Melbourne VIC 3001 Ph 1300 780 808

What if i change my mind?After you apply for SuperChoice and receive your Certificate of Membership (or at the end of the fifth business day after your units in SuperChoice are issued, if this day is earlier) you have 14 days to decide whether or not the investment meets your needs – this is known as the cooling off period. Within this time you may withdraw your investment by instructing us in writing.

If you decide to cancel your SuperChoice membership within the cooling off period, the amount due to you will be adjusted for any changes in the unit price or unit prices at which your units were issued and the unit price or unit prices at which they could have been redeemed on the day we receive your request to cancel your SuperChoice membership. We will also deduct any tax payable on this amount. You may also be charged any reasonable administrative and transaction costs incurred by us in relation to the acquisition and termination of your investment.

So, for example, if you invest $5,000 in the Balanced portfolio and the value of units falls by 1% between the time you invest and the time we receive your request to withdraw your investment we may deduct $50 to take account of the reduced unit value and another $50 for our administration expenses. This means that $4,900 would be paid from SuperChoice to you. The ‘sell’ price will be used for the disposal of assets.

If you have any preserved or restricted non-preserved benefits, in order to cancel you will have to nominate in writing another complying superannuation fund or other suitable arrangement into which they can be rolled over within one month of advising us that you want to withdraw. If you fail to provide us with instructions we may transfer your benefits to an eligible rollover fund (see page 11 for further details). Any taxable capital gain arising on the refund of your investmentmayformpartofyourassessableincome.RefertotheTaxation information on page18 of this PDS for further information.

How we keep in touch with youTo keep you up to date with your investment we will send you:

On commencement:• aCertificateofMembershipstatingtheinvestmentportfoliosyou

have chosen, the number of units and value of your investment at that time.

Annually:• ABenefitStatementshowingyourSuperChoicetransaction

details during the reporting period and any changes that have occurredtocircumstancesoutlinedinthisPDS;

• AnAnnualReportdetailinginformationonSuperChoice’smanagement, financial condition and investment performance.

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By arrangement, you may inspect a copy of SuperChoice’s trust deed during business hours at our Administrator’s office.

Online Access You may view details of your account at any time by visiting our web-site www.standrewsaus.com.au

anti-money launderingUnder laws to counter money laundering and the financing of terrorism we are required to identify all fund members. We request that all applications be accompanied by an original certified copy of a photo identity document such as a driver’s licence or passport. In nearly all cases your Financial Adviser will be able to certify this documentation for you.

We are unable to make any benefit payments until we have verified your identity. We are able to roll over a benefit to another superannuation fund without identity verification.

Under these laws we are required to monitor transactions in the fund andreportanythatareconsideredsuspicioustoAUSTRAC,theregulator administering these laws. These obligations are not subject to privacy or anti-discrimination laws.

BankruptcyCertain contributions made to superannuation on or after 28 July 2006 may be recovered by the trustee in bankruptcy if a member becomes bankrupt. Contributions that are recoverable are generally those that were made by a member where the main purpose was to prevent assets becoming available to creditors.

Courts can issue notices and orders that freeze superannuation accounts and require the payment of recoverable contributions to a trustee in bankruptcy.

release authoritiesYou may be able to pay your excess contributions tax liability out of SuperChoice, or another of your super funds (if any).

If you have an excess concessional contributions tax liability, the ATO will issue a “release authority” to you. You can pay the liability, or you can give the release authority to one or more of your super funds if you want the tax liability paid from your superannuation.

If you have an excess non-concessional contribution tax liability, it must be paid out of your superannuation. The ATO will issue a “release authority” to you, which you must give to one or more of your super funds. If a person fails to provide their superannuation fund(s) with a release authority, the Commissioner of Taxation can issue a release authority directly to a superannuation fund.

Superannuation paid under a release authority can be paid to the personordirectlytotheATO.Releaseauthoritiesarevalidevenwhere superannuation would otherwise not able to be cashed (e.g. non-commutable superannuation pension).

direct debit service agreementClient service agreement We will advise you in writing of the details of the direct debit arrangements(amount;frequency;commencementdate)atleast10calendar days prior to the first deduction.

Where the due date falls on a non-business day, we will deduct the amount on the next business day.

We will not change the amount or frequency of deduction arrangements without your prior approval.

We reserve the right to cancel the deduction arrangements if three or more deductions are returned unpaid by your nominated financial institution and to arrange with you another payment method.

We will keep all information about your nominated account at the financial institution private and confidential.

Your rightsYou may terminate the contribution/premium arrangement at any time by giving written notice to us. Such notice should be received by us at least five business days prior to the due date of the next deduction and must be in writing.

You may request a change to the frequency of your contribution/premium arrangements by advising us in writing of your requirements no less than five business days prior to the due date.

Where you consider that a payment has been initiated incorrectly you should take the matter up directly with us by calling 1300 780 553.

Your responsibilitiesIt is your responsibility to ensure that sufficient funds are available in the nominated account to meet a payment on its due date of the next deduction.

It is your responsibility to ensure that the authorisation given to draw on the nominated account is identical to the account signing instruction held by the financial institution where the account is based.

It is your responsibility to advise us if the account nominated by you to pay the amount is transferred or closed.

It is your responsibility to arrange with us a suitable alternative payment method if the arrangements are cancelled either by you or the nominated financial institution.

You are responsible for any fees, charges or costs associated with an insufficient balance in your nominated account.

How to applyWhen you open your SuperChoice account you should provide us with the dollar amount or percentage you would like us to allocate to each investment portfolio. You should also tell us how you want us to allocate any future contributions.

Completing your application Form To apply for SuperChoice, please complete the application documents identified in the table on the following page.

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superChoice superannuation Plan

superChoice Pension Plan

Page

superChoice superannuation Plan Application Form

4 25

superChoice Pension Plan Application Form

4 35

290–170 notice (if planning to claim a tax deduction for personal contributions)

4 30

direct debit authority (if planning to contribute by direct debit)

4 29

tFn notification 4 4 31

application to transfer superannuation Benefits

4 4 38

Cheque (if contributing by cheque)

4 4etP Payment documentation 4Binding death Benefit nomination

4 4 41

• Useblackorbluepen; • PrintinformationwithintheboxesanduseCAPITALLetters; • Usecrossesinboxeswhereappropriate; • Keepacopyofyourapplicationforyourrecords; • Refertothechecklistabovetoensureyouprovideallthe informationneededtoprocessyourapplication; • Signanddateallrequiredforms;

The required documents and cheque (if necessary) must be given to your Financial Adviser or sent to: SuperChoice GPO Box 2979 Melbourne, VIC, 3001

Please make cheques payable to ‘St Andrew’s Life Insurance Pty Ltd’.

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if you need any assistance completing this Form you can contact Client services on 1300 780 553 between 8.30am and 7.00pm (est) monday to Friday.

Trustee:StAndrew’sSuperannuationServicesPtyLtdABN75077207240AFSL297033RSELicenceNo.L0002950 Administrator: St Andrew’s Life Insurance Pty Ltd ABN 98 105 176 243 AFSL 281731 Fund:StAndrew’sSuperannuationServicesFundABN13400513379SFN44086RSERegistrationNo.R1056631

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importantThis Application Form relates to the St Andrew’s SuperChoice Superannuation Plan and Pension Plan Product Disclosure Statement (‘PDS’).

Please ensure you have read and understood the Pds before making a decision to invest in superChoice and completing this application form.


1. applicant details


Surname


Date of birth Employment status: Full time Part time Casual Not employed

/ / Residentialaddress



Fax Mobile

Email

2. For any rollover superannuation benefits, please complete the following

Fund Name Amount $ , . Fund Name Amount $ , . Fund Name Amount $ , . Fund Name Amount $ , . Fund Name Amount $ , . Fund Name Amount $ , .

This form must be accompanied by a Tax File Number (TFN) nomination form

Membership Application – Superannuation Plan30 October 2008

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3. investment details Your initial contribution amount and regular ongoing contributions

(i) Personal contributions claimed as a tax deduction* Instalment frequency: Monthly Quarterly

Initial $ , . Regular$ , .

(ii) Personal contributions not claimed as a tax deduction Instalment frequency: Monthly Quarterly


(iii) spouse contributions Instalment frequency: Monthly Quarterly


(iv) employer contributions Instalment frequency: Monthly Quarterly


(v) CGt exempt rollover Initial $ , .

(vi) Personal injury payments* Initial $ , .

(vii) CGt small business concessions contribution** Initial $ , .

(viii) total contributions Initial $ , . * Please complete the 290–170 notice on page 30 of this PDS. ** You must include a completed ATO form with this Membership Application form for this contribution to be exempted from the contributions caps. If you will be making your initial contribution by cheque, please make your cheque payable to ‘St Andrew’s Life Insurance Pty Ltd’.If you are making your initial contribution by direct debit, please complete the direct debit request on page 29.

4. investment portfolio allocationsimplicity Portfolios

Capital Guaranteed $ , . or %

Capital Stable $ , . or %

Balanced $ , . or %

Growth $ , . or %

Share Market $ , . or %

sector Portfolios

Australian Fixed Interest $ , . or %

Listed Property $ , . or %

Australian Shares $ , . or %

Overseas Shares $ , . or %

total $ , . or %

5. Contribution fee option

Total Initial Fee . % (Maximum of 4.0%)




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6. employer details Please complete this secton if your employer will be contributing to your SuperChoice account

Company

Contact name

Contact phone number Contact fax number

Email

Website

7. investor linkingName of the client with whom a link is to be established must be an immediate family member (as detailed on page 17)


Date: / /

8. other offersWe may use and disclose (to your Financial Adviser and to service providers such as maybe related entities and business partners) your information so that they can forward to you, from time to time, details of other investment opportunities in which you may be interested. Please tick the box if you do not wish to be updated with such investment opportunities. If you do not mark the box we will assume that you want to hear about the investment opportunities we have described.



The law prohibits the Trustee from issuing an interest in SuperChoice unless this application form came with the current version of the SuperChoice PDS.

9. declarationI declare, acknowledge and agree that:


(ii) I understand that St Andrew’s Services Pty Ltd (st Andrew’s) acts as SuperChoice’s Trustee.





(vii) I understand that neither the repayment of capital nor the investment performance of the Funds (except the Capital Guaranteed portfolio) are guaranteed by St Andrew’s, the Administrator, BankWest, SAA, HBOS plc, HBOSA or any other member of the HBOSA group in Australia or overseas.


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to Be ComPleted BY FinanCial adviser

Financial Adviser


Date / / Branch State Adviser Code

office use only:

Client number Account number

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9. declaration continued(ix) I understand that benefits will only be paid in accordance with

SuperChoice’s trust deed and rules as amended from time to time.



(xii) I understand that units in SuperChoice will be issued within five business days after receipt of contributions and rollovers, and completed documentation by the Administrator using the buy unit price current at the date funds are converted into units.

(xiii) I understand that the Administrator guarantees that the unit price of the Capital Guaranteed portfolio will not fall in value. I understand that no other company, including St Andrew’s, the Administrator, St Andrew’s Australia Pty Ltd (‘SAA’), BankWest, HBOS plc, HBOS Australia Pty Ltd (‘HBOSA’) or any other member of the HBOSA group in Australia or overseas guarantee this investment portfolio.

(xiv) I acknowledge that investments in SuperChoice do not represent investments in St Andrew’s, SAA, the Administrator, BankWest, HBOS plc, HBOSA or any other member of the HBOSA group in Australia or overseas or with any subsidiary of any of these companies and are subject to investment and other risks, including possible delays in repayment, loss of income and principal invested.


(xv) We are bound by laws about the prevention of money laundering and the financing of terrorism, including the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (‘AML/ CTF Laws’). By completing the application form, you agree that: • youdonotsubscribetothefundunderanassumedname; • anymoneyusedbyyoutoinvestinthefundisnotderived fromorrelatedtoanycriminalactivities; • anyproceedsofyourinvestmentwillnotbeusedinrelation toanycriminalactivities; • ifweask,youwillprovideuswithadditionalinformationwe reasonably require for the purposes of AML/CTF Laws (including information about yourself, any beneficiary, or the sourceoffundsusedtoinvest); • wemayobtaininformationaboutyouoranybeneficiaryfrom third parties if we believe this is necessary to comply with AML/CTFLaw;and • inordertocomplywithAML/CTFLawswemayberequiredto



beneficiary to our related bodies corporate or service providers, or relevant regulators of AML/CTF Laws (whether in or outside of Australia).


Date: / /



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DirectDebitRequest30 October 2008

investor details


Surname

First name Second name

Address

SuperChoice Account number (if known)

I/We (name or company name)

RequestStAndrew’sLifeInsurancePtyLtduntilfurthernoticetodebitmyaccountatthefinancialinstitutionidentifiedbelow,anyamountswhich the Administrator (User ID 241210) may debit or charge me/us through the direct debit system. This request will remain in force in accordance with the terms described in the direct debit service agreement provided to me.

Name of financial institution where account is held

Account name (i.e. your name or company name)

BSB Account number

Direct debit options One off Ongoing

You have a choice of four direct debit dates 1st 8th 15th 22nd

Amount of direct debit $ , .

authorisation

I/WE declare we have read and understood the Direct Debit Service Agreement and agree to be bound by these details.

Signature

Date:

/ /

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office use only: Client number Account number This notification can be varied up until the time you lodge your income tax return or the end of the following financial year after the contribution was made, whichever is earlier.

notice to superChoice trustee under section 290–170 of the Income Tax Assessment Act 1997This form should be completed if you are intending to claim a tax deduction for personal contributions.

Client name

If you are self-employed you can claim a tax deduction for personal contributions made to St Andrew’s Superannuation Services Pty Ltd (St Andrew’s) superannuation providing:

• lessthan10%ofyourassessableincomeisfromanemployer; • youhavecompletedthisform(Section290–170Notice)andreturnedittoStAndrew’s;and • youreceivealetterfromStAndrew’sadvisingreceiptofthisformstatingthatcontributionswillbetreatedastaxablecontributions by the Trustee.

In respect to the regular contributions you intend to make to SuperChoice, please complete the information below including the year to which the contributions will relate.

30 June 2 0 a) The total amount I intend to contribute to SuperChoice this year $ , . b) The amount of personal contributions to be claimed as a tax deduction $ , . c) Amount of personal contributions not to be claimed as a tax deduction $ , . NB: The total of (b) and (c) must equal (a)

A maximum applies to the amount that can be claimed as a tax deduction. Please contact Client Services or your Financial Adviser if you are unsure of these amounts.

declaration:

I acknowledge that the amount I have advised as being claimed as a tax deduction will be subject to contributions tax of 15%.

Signature

Date: / / 7

Section 290–170 Intention to Claim Personal Contributions as a Tax Deduction30 October 2008



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Tax File Number (TFN) Notification form30 October 2008

This form must be completed in conjunction with a SuperChoice application in all cases except where you are opening a Pension Plan and you are 60 years of age or older.

As a result of the adverse financial consequences you will incur, and the added administrative burden placed on the trustee as a result of any decision by you not to provide your TFN.

The Trustee has elected not to open an account in SuperChoice where your TFN has not been provided.

Under the Superannuation Industry (Supervision) Act 1993, your superannuation fund is authorised to collect your TFN, which will only be used for lawful purposes.

These purposes may change in the future as a result of legislative change. The Trustee may disclose your TFN to another superannuation provider, when your benefits are being transferred, unless you request us in writing that your TFN not be disclosed to any other superannuation provider.

It is not an offence not to quote your TFN. However giving your TFN to us will have the following advantages (which may not otherwise apply):

• SuperChoicewillbeabletoacceptalltypesofcontributionstoyouraccount/s; • thetaxoncontributionstoyoursuperannuationaccount/swillnotincrease; • otherthanthetaxthatmayordinarilyapply,noadditionaltaxwillbedeductedwhenyoustartdrawingdownyoursuperannuationbenefits;and • itwillmakeitmucheasiertotracedifferentsuperannuationaccountsinyournamesothatyoureceiveallyoursuperannuationbenefits when you retire.

Please complete and sign the following and return it with your application for membership. All information provided will be treated in the strictest confidence.

Name

I have read and understood this form and the Product Disclosure Statement and confirm that to the best of my knowledge all information given in this document is true and correct.

My Tax File Number is: My signature below confirms my agreement for the Trustee to the use of my TFN for all legally authorised and permissible purposes.


Date:

/ /

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Membership Application – Pension Plan30 October 2008

1. are you tranferring from an existing superChoice superannuation Plan account?

no Yes – please provide your account number

2. Will the pension be a transition to retirement pension? Yes no

3. applicant detailsMr Mrs Ms Miss Other

Surname


Date of birth Australian resident? If No, country of residence

/ / Yes No Residentialaddress



Fax Mobile

Email

4. list the rollover superannuation benefits payments which form part of this Pension Plan

Fund Name Amount $ , . Fund Name Amount $ , . Fund Name Amount $ , .

importantThis Application Form relates to the St Andrew’s SuperChoice Superannuation Plan and Pension Plan Product Disclosure Statement (‘PDS’).

Please ensure you have read and understood the Pds before making a decision to invest in superChoice and completing this application form.


This form must be accompanied by a Tax File Number (TFN) nomination form if under 60



34



SurnamePLEASEPRINT


Dateofbirth *Relationshiptomember




Fax Mobile

Client number if applicable * Under the law, you are only able to nominate a dependant – being a spouse, de facto spouse, child (including step-child, adopted child and ex-nuptial child), a person who is financially dependant on you or a person with whom you are in an interdependent relationship (which generally requires a close personal relationship and cohabitation or a disability preventing cohabitation).

6. income payments (please tick one box)

(A) For pension plans commencing on or after 1 June – would you like to defer payment until the start of the new financial year?



(B) Is the payment specified for the first year the annual payment, or pro rata Full year Pro rata

(C) Select amount client would like to recieve $ , . or Minimum Maximum(TTRpensiononly)

(D) Payment frequency Monthly Quarterly Half-yearly Yearly Date of first payment / /

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SurnamePLEASEPRINT


Dateofbirth *Relationshiptomember




Fax Mobile

Client number if applicable * Under the law, you are only able to nominate a dependant – being a spouse, de facto spouse, child (including step-child, adopted child and ex-nuptial child), a person who is financially dependant on you or a person with whom you are in an interdependent relationship (which generally requires a close personal relationship and cohabitation or a disability preventing cohabitation).

6. income payments (please tick one box)

(A) For pension plans commencing on or after 1 June – would you like to defer payment until the start of the new financial year?



(B) Is the payment specified for the first year the annual payment, or pro rata Full year Pro rata

(C) Select amount client would like to recieve $ , . or Minimum Maximum(TTRpensiononly)

(D) Payment frequency Monthly Quarterly Half-yearly Yearly Date of first payment / /

7. investment portfolio allocation and pension payment allocationNB: If you do not nominate a sequence or payment composition, payments will be made on the asset allocation of your investments in the Fund.

simplicity Portfolios $ or % and Pension Payment Composition

or Pension Payment sequence

Capital Guaranteed $ , . or % %Capital Stable $ , . or % %Balanced $ , . or % %Growth $ , . or % %Share Market $ , . or % %

sector Portfolios $ or %

Australian Fixed Interest $ , . or % %Listed Property $ , . or % %Australian Shares $ , . or % %Overseas Shares $ , . or % %

total $ , . or % %

8. Contribution fee

Total Initial Fee . % (Maximum of 4.0%.)

9. Payment details Please provide details of your nominated bank, building society or credit union account to which income payments will be paid:

Name of Institution

Branch address

Account name

Bank (BSB No.) Account number

10. investor linkingName of the client with whom a link is to be established must be an immediate family member (as detailed on page 17)


Date: / / 7



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13. declarationI declare, acknowledge and agree that:


(ii) I understand that St Andrew’s Services Pty Ltd (st Andrew’s) acts as SuperChoice’s Trustee.





(vii) I understand that neither the repayment of capital nor the investment performance of the Funds (except the Capital Guaranteed portfolio) are guaranteed by St Andrew’s, the

Administrator, BankWest, SAA, HBOS plc, HBOSA or any other member of the HBOSA group in Australia or overseas.


(ix) I understand that benefits will only be paid in accordance with SuperChoice’s trust deed and rules as amended from time to time.



(xii) I understand that units in SuperChoice will be issued within five business days after receipt of contributions and rollovers, and completed documentation by the Administrator using the buy unit price current at the date funds are converted into units.

11. Conditions of releaseThe Pension Plan (other than non-commutable pensions) can only be purchased with unrestricted non-preserved benefits.

If any part of your benefit contains preserved or restricted non-preserved benefits you will need to complete the following declaration.

Ihaveattainedage65;or

Ihaveceasedgainfulemploymentsinceturningage60;or

I have attained age 55 but not yet reached age 65, have ceased gainful employment and do not intend to work again for more than 10hoursperweek;or

I have attained age 55 and am commencing a non-commutable transition to retirement pension.


Date: / /

12. other offers

7

We may use and disclose (to your Financial Adviser and to service providers such as posting services) your information so that they can forward to you, from time to time, details of other investment opportunities in which you may be interested. Please tick the box if you do not wish to be updated with such investment opportunities. If you do not mark the box we will assume that you want to hear about the investment opportunities we have described.






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to Be ComPleted BY Your FinanCial adviser

Financial Adviser


Date

/ / Branch

Adviser Code

State

office use only

Client number

Account number

(xiii) I understand that the Administrator guarantees that the unit price of the Capital Guaranteed portfolio will not fall in value. I understand that no other company, including St Andrew’s, the Administrator, St Andrew’s Australia Pty Ltd (‘SAA’), BankWest, HBOS plc, HBOS Australia Pty Ltd (‘HBOSA’) or any other member of the HBOSA group in Australia or overseas guarantee this investment portfolio.

(xiv) I acknowledge that investments in SuperChoice do not represent investments in St Andrew’s, SAA, the Administrator, BankWest, HBOS plc, HBOSA or any other member of the HBOSA group in Australia or overseas or with any subsidiary of any of these companies and are subject to investment and other risks, including possible delays in repayment, loss of income and principal invested.


(xv) We are bound by laws about the prevention of money laundering and the financing of terrorism, including the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (‘AML/ CTF Laws’). By completing the application form, you agree that: • youdonotsubscribetothefundunderanassumedname; • anymoneyusedbyyoutoinvestinthefundisnotderived fromorrelatedtoanycriminalactivities; • anyproceedsofyourinvestmentwillnotbeusedinrelation toanycriminalactivities; • ifweask,youwillprovideuswithadditionalinformationwe reasonably require for the purposes of AML/CTF Laws (including information about yourself, any beneficiary, or the sourceoffundsusedtoinvest); • wemayobtaininformationaboutyouoranybeneficiaryfrom third parties if we believe this is necessary to comply with AML/CTFLaw;and • inordertocomplywithAML/CTFLawswemayberequiredto



beneficiary to our related bodies corporate or service providers, or relevant regulators of AML/CTF Laws (whether in or outside of Australia).


Date: / /

7



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This form should be completed if you would like to consolidate other superannuation funds you hold into SuperChoice. We can arrange to send this form to the paying institution on your behalf or alternatively you can arrange to post the form directly. You will need to complete a separate form for each fund. This form can be photocopied or you can ask your Financial Adviser or Client Services for multiple copies.

1. investor detailsInvestor name

SuperChoice Account number

Postal address

2. details of previous superannuation fundFund name

Fund account number

Fund address

Approximate value of benefits $ , , . amount of transfer

Total value

Partial rollover } Please tick one box only

Amount $ , . or

Units or

% %

Cheques to be made payable to: ‘St Andrew’s Life Insurance Pty Ltd’ GPO Box 2979 Melbourne VIC 3001.Phone 1300 780 553 Fax 1300 780 573.

to complete form please see next page for section 3

Application to Transfer Superannuation Benefits30 October 2008



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Application to Transfer Superannuation Benefits30 October 2008

3. declaration

I request and authorise the Trustee transfer my benefits from my previous fund as outlined above to the SuperChoice Personal Superannuation and Pension Plan.

I acknowledge that I have received, read and understood the St Andrew’s SuperChoice Superannuation Plan and Pension Product Disclosure Statement (‘PDS’) and that this Membership Application Form is subject to the terms and conditions of the PDS.

My application, and the information provided in it, is true, correct and complete.

I understand exit fees may apply on leaving my previous fund.

I understand both funds are complying Superannuation Funds.

I understand the Trustee may be required under tax law to deduct tax from my transferred account.

I authorise the Trustee and St Andrew’s Life Insurance Pty Ltd to act on my behalf in arranging and receiving information about this transfer.

I discharge the Super provider of my previous fund of all liabilities in respect to the benefits transferred to the Fund.

Signature

Date: / / 7



40

St Andrew’s Superannuation Services Pty Ltd

ABN 75 077 207 AFSL 297033

RSELicenceNoL0002950

Superannuation Plan SPIN SAA002AU

Pension Plan SPIN SAA003AU

30 October 2008

Compliance declaration

To whom it may concern

The St Andrew’s SuperChoice Superannuation Plan is the accumulation plan of the St Andrew’s Superannuation Services Fund (the Fund), ABN 13 400 513 379, SFN 440806, established by a Trust Deed dated 1 March 1962.

The St Andrew’s SuperChoice Pension Plan is a superannuation income stream as defined in the Income Tax Assessment Act 1997 and is for the benefit of the pensioner taxpayer or for his or her dependants in the event of his or her death. The Trustee of the Fund is St Andrew’s Superannuation Services Pty Ltd ABN 75 077 207 240.

The Fund is a regulated superannuation fund within the meaning of the Superannuation Industry (Supervision) Act 1993 and is not subject to a directionbytheAustralianPrudentialRegulationAuthoritynottoacceptcontributions.ItistheTrustee’sintentiontomaintaintheFundatall times as a complying superannuation fund within the meaning of s.42(1) of this Act.

The Trust Deed of the Fund allows benefits from other superannuation funds to be rolled over or transferred to the Fund. The Trust Deed allows employers to make contributions into the Fund. The requirements of the Fund for preservation of benefits satisfy the preservation standardssetoutintheSuperannuationIndustry(Supervision)Regulations.

For further information about making contributions to the Fund, contact Client Services on 1300 780 553 between 8.30am and 7.00pm EST Monday to Friday.

Sincerely

nadeeja Jayaratne Compliance Manager



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Binding Death Nomination Form30 October 2008

1. Purpose of formI am using this form to (tick one):

Make a binding death benefit nomination (please complete sections 2, 3, 4 and 5 below).

Change a binding death benefit nomination previously made by me (please complete sections 2, 3, 4 and 5 below).

When completing section 3 “Beneficiary Details”, please provide details of all beneficiaries you wish to nominate, including those you may have nominated when completing a previous binding death benefit nomination form.

Revokeabindingdeathbenefitnominationpreviouslymadebyme(pleasecompletesections2,4and5below).

Confirm a binding death benefit nomination (please complete sections 2 and 4 below).

2. member detailsMr Mrs Ms Miss Other

Surname

First name(s)

A valid binding death benefit nomination provides you with certainty in respect of who will receive your death benefit in the event of your death. It is a legal instrument that requires the Trustee to pay your death benefit to the person or persons nominated in the Binding Death Nomination Form as your beneficiary/ies in the proportions specified by you.

For a binding nomination to be valid each of the following conditions must be satisfied.

• Itmustbeinwriting • Itmustbesignedanddatedbyyouinthepresenceoftwo witnesses (who are both at least 18 years of age and neither is a nominated beneficiary) • Itmustcontainadeclarationsignedanddatedbybothwitnesses stating that you signed the nomination in their presence • Itmustnotbemorethan3yearsafterthedateofsigningordate of last being confirmed or amended • Onlyyourdependantsand/oryourlegalpersonalrepresentative can be nominated • Theproportionofbenefitpayabletoeachnomineemustbeclearly indicated and the proportions must add to 100%

You may, at any time, confirm, amend or revoke your binding death benefit nomination. You can confirm your existing nomination by giving us a written notice signed and dated by you. You can amend or revoke your existing nomination in the same way as you make your original nomination.

We will advise you of your current nominations in your Benefit Statement sent to you each year. In addition, where three years has

passed and your nomination has not been confirmed or amended, we will advise you of the lapsing of your binding nomination.

If a nominated dependant dies or is no longer a dependant at the time of your death your binding death benefit nomination will be invalid. In the event that your binding death benefit nomination is invalid and you die we will pay your death benefit to your legal personal representative. If we cannot pay your death benefit to your legal personal representative, your benefit will be paid to any other person as permitted under the Fund’s Trust Deed (which is the document setting out the rules of the Fund).

If you have a superannuation account as well as a Pension account in the Fund any binding death nomination you provide to the Trustee will cover both accounts (except interests in Lite Super (if any)). All benefits paid out under a binding death benefit nomination will be in the form a lump sum. If you have an income stream account and have nominated a ‘reversionary beneficiary’, this will be applied in place of a valid binding death benefit nomination.

The Trustee recommends that you should review any binding death nomination from time to time taking into account your Will and any change in your personal circumstances.

Where the Trustee holds a valid binding death benefit nomination at the time of your death, it will pay your death benefit in accordance with your wishes. However, where the Trustee is subject to certain court orders, the Trustee is not required to comply with an otherwise valid nomination.



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2. member details continuedResidentialaddress

Postal address (if same as above, write ‘AS ABOVE’)

Daytime contact number

Email

Date of birth

/ / Account number(s)* Client number(s)*

* If you have more than two accounts within the St Andrew’s Superannuation Services Fund, or more than two client numbers, please provide all further details in an attachment to this Form.

3. Beneficiary detailsPlease provide your beneficiary/ies details below. Each beneficiary you nominated must be your spouse (including a de facto spouse), child (including adopted, step, ex-nuptial and adult children), financial dependant, interdependant, or your legal personal representative (see the information sheet on ‘Death Benefits’ for an explanation of these terms). The % of benefit column must total 100%.


Full name

Date of birth % of benefit (total 100%)


Relationshiptomember




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Full name





Full name





Full name





Full name




If you want to nominate more beneficiaries than will fit on this form, please include the same details for each additional beneficiary in an attachment to this Form. Please ensure that the attachment includes your contact details and is signed, dated and witnessed in the same way and at the same time as this Form is witnessed.



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4. member declaration

I understand that: • Mybeneficiary(ies)mustbemyspouse,child,financialdependant,apersonwithwhomIhaveaninterdependencyrelationshipormylegal personalrepresentativeatthetimeofmydeath; • Mybeneficiary(ies)andIareboundbytheprovisionsofthetrustdeedoftheFundrelatingtobindingdeathbenefitnominations; • ThisbindingdeathbenefitnominationisonlyvalidforthreeyearsfromthedateIsignitorfromthetimeIconfirmoramendit; • ImayatanytimerevokeorchangeabindingdeathbenefitnominationinaccordancewiththeTrustee’sprocedures; • IfIchangemyexistingbindingdeathbenefitnomination,itwillreplaceallpreviousbindingdeathbenefitnominationIhadmade; • IfanoticeisinvalidorhasnotbeenreceivedbytheTrusteewhenIdiethedeathbenefitwillbepaidtomylegalpersonalrepresentative. If the Trustee is unable to pay the death benefit to my legal personal representative, it will pay the benefit to any other person in accordance withtheprovisionsofthetrustdeedoftheFundandsuperannuationlaw; • Thisdeclarationmustbesignedbymeinthepresenceoftwowitnesses(who are not nominated beneficiaries)bothofwhomare18yearsorover; • ThisnominationappliestoallmyinvestmentswithintheStAndrew’sSuperannuationServicesFund,exceptforLiteSuper; • IhavereadtheinformationsetoutinthisFormandtheInformationSheetonDeathBenefitsthatsetsoutthetermsuponwhichthis nominationismadeandagreetobeboundbytheprovisionsoftheFund’strustdeed; • AnyreversionarybeneficiaryIhavenominatedpriortofillingoutthisFormwillbeappliedinplaceofavalidbindingdeathbenefitnomination; • Iamovertheageof18.

Signature

Date: / / 5. Witness declarationThe witness declaration cannot be made by a beneficiary nominated in this Form. Please ensure that the date each of the witnesses signs this form is the same as the date the member signs, otherwise this nomination will not be valid.

I declare that:

• Iamovertheageof18;and • thisbindingdeathbenefitnominationFormwassignedbythememberinmypresence.

Signature of witness 1 Date:

/ /

Print name

Date of birth

/ / Signature of witness 2 Date:

/ /

Print name

Date of birth

/ / Please give your completed form to your Financial Adviser or send your completed form to:

st andrew’s life insurance Pty ltd GPo Box 2979 melBourne, viC 3001

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Tax File Number Declaration NotesThe Tax file number declaration is not an application form for a tax file number (TFN). If you have never had a TFN and want to provide your payer with your TFN you will need to complete a Tax file number application or enquiry for an individual (NAT 1432).

You will need to provide proof of identity documents as outlined on the application form. For further information about applying for a TFN, phone the Australian Taxation Office (ATO) 13 28 61, between 8.00am and 6.00pm, Monday to Friday.

WHo sHould ComPlete tHis deClaration?You should complete a new Tax file number declaration before you start to receive payments from a new payer, for example, when you start a new job or become entitled to a superannuation pension.

The entity making the payment is your ‘payer’ and you are the ‘payee’.

The information you provide in this declaration will help your payer work out how much tax to take out of payments to be made to you.

Your payer must notify the Tax Office within 14 days of the start of the new arrangement.

This declaration covers payments for: •workandservices–paymentstoemployees,company

directors, office holders, as well as payments under return-to-work schemes, labour hire arrangements, or payments specified by regulation•benefitandcompensationpayments,and•retirementpaymentsandannuitiesandeligibletermination

payments.

varYinG Your Current rate oF WitHHoldinGYou also need to complete a Withholding declaration (NAT 3093) if at any time you wish to: •adviseachangetoyourtaxoffsetorfamilytaxbenefit

entitlement•claimthetax-freethresholdanddiscontinueclaimingthe

threshold with other payers•advisethatyouhavebecomeorceasedtobeanAustralianresi-

dent for tax purposes, or•adviseyourpayerofHigherEducationLoanProgram(HELP)or

Financial Supplement repayment obligations or changes.

If you qualify for a reduced rate of Medicare levy or are liable for the Medicare levy surcharge, you can vary the amount your payer withholds from your payments by completing a Medicare levy variation declaration (NAT 0929).

PrivaCY oF inFormationThe Income Tax Assessment Act 1936 authorises the Tax Office to request information in this declaration. This information will help the Tax Office administer the laws relating to taxation, and other government agencies administering other legislation covering Commonwealth benefits and superannuation. All information, including personal information, collected by the Tax Office is treated as confidential and is protected by the Income Tax Assessment Act 1936 and the Privacy Act 1988.

The Tax Office may give this information to other government agencies as authorised by taxation law, for example, Common-wealth agencies which administer laws relevant to your particular situation. Depending on your situation these agencies could include Centrelink, the Australian Federal Police, the Child Support Agency, the Department of Veterans’ Affairs, the

Department of Immigration and Multicultural and Indigenous Affairs, the Department of Family and Community Services and the Department of Education, Science and Training.

Only certain people and organisations can ask for your TFN. These include employers, some federal government agencies, trustees for superannuation funds, payers under the pay as you go (PAYG) system, higher education institutions, the Child Support Agency (CSA) and investment bodies such as banks. Section 202C of the Income Tax Assessment Act 1936 authorises the Tax Office to re-quest quotation of your TFN on this declaration for the purposes of administering taxation laws. It is not an offence not to quote your TFN but there may be consequences if you do not, for example, you may have more tax withheld than otherwise would occur.

If you need more information about how the tax laws protect your personal information, or have any concerns about how the Tax Office has handled your personal information, phone 13 28 61, between 8.00am and 6.00pm, Monday to Friday.

HoW to Fill in tHis deClarationThis Tax file number declaration is not an application form for a tax file number (TFN). If you have never had a TFN and want to provide your payer with your TFN you will need to complete a Tax file number application or enquiry for an individual (NAT 1432). You will need to provide proof of identity documents as outlined on the application form.

Please print neatly in BLOCK LETTERS, one character to a box, like this:

2 6 O ‘ C O N N O R S T

Please use a black or dark blue pen only.

For more information phone 13 28 61 between 8.00am and 6.00pm, Monday to Friday or visit www.ato.gov.au

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section a – to be completed by PaYeequestion 1 – Your tax file number (tFn)it is not an offence not to quote your tFn. However, if you do not provide your payer with your tFn or claim an exemption from quoting your tFn, your payer must withhold 46.5% from any payment to you.When you complete a TFN declaration or otherwise quote your TFN to your payer for superannuation purposes, your payer must pass your TFN to the superannuation fund to which the payer is making contributions.Provision of your TFN to your superannuation fundGiving your TFN to your superannuation fund will have the following advantages (which may not otherwise apply):•Yoursuperannuationfundwillbeabletoacceptalltypesof

contributions to your account(s)•Thetaxoncontributionstoyoursuperannuationaccount(s)willnot

increase•Otherthanthetaxthatmayordinarilyapply,noadditionaltaxwill

be deducted when you start drawing down on your superannuation benefits, and•Itwillmakeitmucheasiertotracedifferentsuperannuationaccounts

in your name so that you receive all your super when you retireUnder the Superannuation Industry (Supervision) Act 1997, your superannuation fund is authorised to collect your TFN which may only be used for lawful purposes. These purposes may change in the future as a result of legislative change. The trustee of your superan-nuation fund may disclose your TFN to another superannuation provider, when your benefits are being transferred unless you request the trustee if your superannuation fund in writing that your TFN may not be disclosed to any other trustee.

questions 2 3 4 & 5 Your details. see the declaration form.

question 6 – on what basis are you paid?If you are not sure of the basis of your payment, check with your payer. If you select ‘Superannuation pension or annuity’ as your basis of payment, make sure you complete question 13.question 7 – are you an australian resident for tax purposes?If you need help in deciding whether you are an Australian resident for tax purposes, phone 13 28 61. If you are not an Australian resident for tax purposes, you must answer NO at questions 9 and 11 (unless you are entitled to a zone tax offset).question 8 – are you claiming the tax-free threshold from this payer?The tax-free threshold is available to all Australian residents for tax purposes. This means that the first $6,000 of income earned each year is not subject to tax.You can only claim the tax-free threshold from one payer at a time.Generally you should claim the tax-free threshold from the payer you expect will pay you the most during the year.

if you receive any taxable Centrelink payments or allowances such as newstart, austudy or Youth allowance you may have

already claimed the tax-free threshold with Centrelink.

If you need help in deciding whether you can claim the tax-free threshold, or which payer you should claim the threshold from, phone the ATO 13 28 61 between 8.00am and 6.00pm, Monday to Friday. If you are claiming the tax-free threshold from another payer – and you wish to change this – you must complete a Withholding declaration (NAT 3093) to advise that payer you no longer wish to claim the tax-free threshold.If your income comes from more than one payer and you consider that claiming the tax-free threshold with only one payer would lead to a large credit at the end of the income year, you may be eligible to vary the prescribed withholding rate. To be eligible, you must be able to estimate your taxable income for the whole income year. For more information,

phone 1300 360 221, between 8.00am and 6.00pm, Monday to Friday.

question 9 – do you want to claim family tax benefit or the senior australians tax offset by reducing the amount withheld from payments made to you?

Family tax benefit What is family tax benefit? Family tax benefit is a payment to help with the cost of raising dependent children. It has two parts:•PartAhelpswiththecostofraisingchildren,and•PartBprovidesextrahelptofamilieswithonemainincome,

including single parent families.You may be eligible for Part A, Part B, or both.are you eligible to claim family tax benefit?To be eligible to claim family tax benefit you must:•beanAustralianresidentforfamilyassistancepurposes,thatis,

live in Australia on a permanent basis and be one of the following: – an Australian citizen – the holder of a permanent visa – the holder of a special category visa (that is, someone who

arrived on a New Zealand passport) – the holder of a certain temporary visa.•haveprovidedcaretoadependentchild.Childmeansthatyouhad

the responsibility for the day to day care, welfare and development of the child, and•Havecaredforadependentchildforaminimumof10%ofthe

assessment period, if you shared the care of a dependent child with another person who is not your current spouse (for example, if you shared the care for a dependent child which must have been for at least 37 nights in the 2007-08 income year).

two ways you can claim family tax benefit If you are eligible for family tax benefit, you can claim it either:1 as a fortnightly payment from the Family Assistance Office, or2 through the tax system from the Tax Office: – as an end-of-year lump sum through the tax system, or – by reducing the amount withheld from payments made to you

during the year.Answer NO at this question if you choose to receive family tax benefit as:•afortnightlypaymentfromtheFamilyAssistanceOffice,or•anend-of-yearlumpsumthroughthetaxsystem.Answer YES at this question if you choose to claim family tax benefit by reducing the amount withheld from payments made to you during the year. You need to also complete a Withholding declaration (NAT 3093) and a Withholding declaration – family tax benefit worksheet (NAT 7089).senior australians tax offset To qualify for the Senior Australians tax offset, you need to meet a number of conditions. These are:1. Age At 30 June 2008 you will be:•amaleaged65yearsormoreorafemaleaged63.5yearsormore,or•amaleveteranorwarwidoweraged60yearsormoreorafemale

veteran or war widow aged 58.5 years or more.If you are unsure if you are a veteran, war widow or war widower, or if you qualify for the earlier veteran pension age, phone the Depart-ment of Veterans’ Affairs (DVA) on 13 32 54.

2 eligibility for Commonwealth age pension or similar type payment

•youreceivedaCommonwealthofAustraliagovernmentagepension or a pension, allowance or payment from DVA at any time during the 2007–08 income year•youdidnotreceiveaCommonwealthofAustraliaagepension

because you did not make a claim or because of the application of the income test or the assets test, but you have a qualifying ground that makes you eligible for the age pension, or•youareaveteranwhoiseligibleforbutdidnotreceiveapension,

allowance or payment from DVA because you did not make a claim, or because of the application of the income or the assets test.

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3. income threshold. You satisfy the income threshold that applies to you:•youdidnothaveaspouse(marriedordefacto)andyourtaxableincome was less than $43,707•youhadaspouse(marriedordefacto)andthecombinedtaxableincome of you and your spouse was less than $68,992, or•youhadaspouse(marriedordefacto)andthecombinedtaxableincome of you and your spouse, where you ‘had to live apart due to illness’ or either of you was in a nursing home at any time in 2004–05 income year, was less than $81,840.‘Had to live apart due to illness’ is a term used to describe a situation where the living expenses of you and your spouse (married or de facto) are increased because you are unable to live together in your home due to the indefinitely continuing illness or infirmity of either or both of you.

4. not in jail. You were not in jail for the whole income year.If you qualify, the amount of tax offset available to you depends on your taxable income levels and whether you are single, married or a member of an illness-separated couple.Answer NO at this question if you wish to claim the entitlement to the tax offset as a lump sum in your end-of-year assessment.Answer YES at this question if you choose to receive the Senior Australians tax offset by having a reduced rate of tax deducted from your pay during the year. You will need to complete a Withholding dec laration (NAT 3093) (see ‘Varying your withholding rate’). Your payer will calculate your rate of withholding based on the information you provide.Your tax payable will be reduced to nil where you are entitled to the Senior Australians tax offset and your taxable income is equal to or below the relevant income threshold. A reduced tax offset will apply where your taxable income is above the income thresholds, but less than the cut-out threshold.You may not be required to lodge an income tax return if your income from all sources is less than or equal to the relevant income threshold.If your income comes from more than one source, do not comp lete this question for any of your payers. Phone 1300 360 221, between 8.00am and 6.00pm, Monday to Friday, for advice.

it is against the law to claim the senior australians tax offset from more than one payer at the same time.

question 10 – are you claiming a zone, dependent spouse or special tax offset?You may be entitled to a:

•zonetaxoffsetifyouliveorworkincertainremoteorisolatedareasof Australia•dependentspouse(marriedordefacto)taxoffsetifyourspouse’s

separate net income is expected to be less than $8,682 for the income year ended June 2008, or•specialtaxoffsetforadependentinvalidrelative,dependentparent,

housekeeper caring for an invalid spouse or a dependent child housekeeper.

Answer NO at this question if you choose to receive any of these offsets as an end-of-year lump sum through the tax system.Answer YES at this question if you choose to receive these tax offsets by having a reduced rate of tax deducted from your pay during the year. You will need to complete a Withholding declaration (NAT 3093) (see ‘Varying your withholding rate’).You can phone us if you are not sure whether you are eligible for the zone, dependent spouse or special tax offset. See ‘More information for payees’ below.

it is against the law to claim tax offsets from more than one payer at the same time.

question 11a – do you have an accumulated Higher education loan Programme (HelP) debt?Answer YES if you have an accumulated HELP debt.Answer NO if you do not have an accumulated HELP debt, or you have repaid all your HELP debt.If you had a Higher Education Contribution Scheme (HECS) debt it became an accumulated HELP debt on 1 June 2006.HELP – The Higher Education Loan Programme (HELP) was introduced on1 January 2005, replacing the HECS. HELP consists of:•HECS-HELP–foreligiblestudentsenrolledinCommonwealth

supported places. A HECS-HELP loan will cover all or part of their student contribution.•FEE-HELP–foreligiblefee-payingstudentsenrolledataneligible

higher education provider. FEE-HELP provides students with a loan to cover up to the full amount of their tuition fees.•OS-HELP–foreligibleCommonwealthsupportedstudentswho

wish to study overseas. OS-HELP provides students with a loan to cover expenses such as accommodation and travel.

If the Australian Government lends you money under any of these schemes you will have a HELP debt.repaying your HelP debt You must start repaying your debt when your repayment income is above the minimum threshold. The minimum threshold for 2006–07 is $38,148 (or $728 a week). We will calculate your compulsory repayment for the year and include it in your income tax notice of assessment.If your annual income is likely to be above the minimum repayment threshold, your payer will regularly withhold additional amounts to cover any compulsory repayment that may be calculated.do you have more than one job and a HelP debt? If your payments from all jobs add up to more than the repayment threshold for the income year, you will have a compulsory repayment included in your next income tax notice of assessment. You can ask one or more of your payers to withhold additional amounts to cover your compulsory repayment.question 11b – do you have an accumulated Financial supplement debt?Answer YES at (b) if you have an accumulated Financial Supplement debt.The Student Financial Supplement Scheme (SFSS) is a voluntary loan scheme for tertiary students to help cover their expenses while they study. In the fifth year after the loan is taken out, it becomes an accu-mulated Financial Supplement debt, to be collected by the Tax Office.If your annual income is likely to be above the minimum repayment threshold, your payer will regularly withhold additional amounts to cover your anticipated compulsory repayment. The minimum Financial Supp lement repayment threshold for 2007–08 is $39,824 or $765 a week.When you have repaid all of your HELP or Financial Supplement debt, you must complete a Withholding declaration and answer NO at this question.

For more information about HelP and Financial supplement debts, please contact us.

see “more information for payees’ below.

make sure you have answered all the questions in section a and have signed and dated the declaration. Give your

completed declaration to your payer.

more inFormation For PaYees

if you need more information about tFns or how to complete the tax File number declaration, you can:

•visitourwebsiteatwww.ato.gov.au •phone132861between8.00am&6.00pm,Mon–Fri,or •obtainafaxbyphoning132860.

TrusteeSt Andrew’s Superannuation Services Pty Ltd ABN 75 077 207 240 AFSL 297033 RSE Licence No. L0002950

FundSt Andrew’s Superannuation Services Fund ABN 13 400 513 379 SFN 440806 RSE Registration No. R1056631

AdministratorSt Andrew’s Life Insurance Pty Ltd ABN 98 105 176 243 AFSL 281731

Contact usPhone 1300 780 553 Fax 1300 780 573 GPO Box 2979 Melbourne, VIC 3001

Call 1300 780 553, visit racv.com.au or an RACV shop.

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