folio jr - media super employer pds

employer bookletProduct Disclosure Statement

platemaker performer poet journalist reporter actor printer newsreader designer runner post production assistant editor writer director film maker crew producer camera operator videographer associate producer scenic painter set designer audio mixer production managerexecutive producer storyboard artist photographer illustrator duplication technician production assistant field producer casting producescriptsupervisor stylist first assistant director extra entertainment lightning technician sound script production assistant industry super fund make upartists machinists offset printers mailroom managers pressroom mac operators printer artist journalist service repdirectmailwriteractormaintenance diecuttng supervisor screenpress bindery machine operator creative director poet printer saddle stitcher folder operators account manger event printer planner traffic manager media musician art director finished artist media office accountant director studio manager script consultant copywriter poet painter platemaker manufacturer poet journalist reporter actor editor printer newsreader designer runner post printer production assistant editor writer director printer film maker crew producer camera operator editor editor videographer associateproducer associate producer set designer mixer production manager executive producer storyboard artist photographer illustratorduplication entertainer production assistant field producer casting producer script supervisor stylist first assistant director extra new estimator sales project manager lighting technician sound artist costume designers printer paper voiceover artists actor playwright news presenters account executive radio jockey make up artists printing machinists offset printers mailroom managers pressroom supervisors mac operators colour platemaker performer poet journalist reporter actor printer newsreader designer runner post production assistant editor writer director film maker crew producer camera operator videographer associate producer scenic painter set designer audio mixerproduction manager executive producer storyboard artist photographer illustrator duplication technician production field producer casting produce script supervisor stylist first assistant director extra entertainment sales project manager lightning technician sound engineer costume designers announcers voiceover playwright news presenters account executive radio jockey make up artists machinists offset printers mailroom managers pressroom supervisors mac operators printer journalist service rep direct mail manager writer actor maintenance mechanic diecuttng supervisor screenpress operator bindery machine operator creative director saddle stitcher cutter folder operators account manger event printer planner traffic manager media musician art director finished artist media office accountant director studio manager consultant copywriter poet painter platemaker manufacturer poet journalist reporter actor printer newsreader designer runner post production assistant editor writer director film maker crew producer camera operator videographer associate producer painter set designer audio mixer production manager executive producer storyboard artist photographer illustrator duplication entertainer production assistant field producer casting producer script supervisor stylist first assistant director extra new estimator sales project manager lighting technician sound artist costume designers paper voiceover artists actor playwright news presenters account executive radio jockey make up artists printing machinists offset printers mailroom managers pressroom supervisors mac operators colour supervisors mac operators printer journalist service rep direct mail manager writer actor maintenance mechanic diecuttng supervisor screenpress operator bindery machine operator creative director saddle stitcher cutter folder operators account manger event printer planner traffic manager media musician art director finished artist media office accountant director studio manager consultant copywriter poet painter platemaker manufacturer poet journalist reporter actor printer newsreader designer platemaker performer poet journalist reporter actor printer newsreader designer runner post production assistant editor writer director film maker crew producer camera operator videographer associate producer scenic painter set designer audio mixer production manager executive producer storyboard artist photographer illustrator duplication technician production assistant field producer casting produce script supervisor stylist first assistant director extra entertainment lightning technician sound script production assistant industry super fund make up artists machinists offset printers mailroom managers pressroom mac operators printer artist journalist service rep direct mailwriter actor maintenance diecuttng supervisor screenpress bindery machine operator creative director poet printer saddle stitcher folder operators account manger event printer planner traffic manager media musician art director finished artist media office accountant director studio manager script consultant copywriter poet painter platemaker manufacturer poet journalist reporter actor editor printer newsreader designer runner post printer production assistant editor writer director printer film maker crew producer camera operator editor editor videographer associate producer associate producer set designer mixer production manager executive producer storyboard artist photographer illustrator duplication entertainer production assistant field producer casting producer script supervisor stylist first assistant director extra new estimator sales project manager lighting technician sound artist costume designers printer paper voiceover artists actor playwright news presenters account executive radio jockey make up artists printing machinists offset printers mailroom managers pressroom supervisors mac operators colour platemaker performer poet journalist reporter actor printer newsreader designer runner post production assistant editor writer director film maker crew producer camera operator videographer associate producer scenic painter set designer audio mixer production manager executive producer storyboard artist photographer illustrator duplication technician production field producer casting produce script supervisor stylist first assistant director extra entertainment sales project manager lightning technician sound engineer costume designers announcers voiceover playwright news presenters account executive radio jockey make up artists machinists offset printers mailroom managers pressroom supervisors mac operators printer journalist service rep direct mail manager writer actor maintenance mechanic diecuttng supervisor screenpress operator bindery machine operator creative director saddle stitcher cutter folder operators account manger event printer planner traffic manager media musician art director finished artist media office accountant director studio manager consultant copywriter poet painter platemaker manufacturer poet journalist reporter actor printer newsreader designer runner post production assistant editor writer director film maker crew producer camera operator videographer associate producer painter set designer audio mixer production manager executive producer storyboard artist photographer illustrator duplication entertainer production assistant field producer casting producer script supervisor stylist first assistant director extra new estimator sales project manager lighting technician sound artist costume designers paper voiceover artists actor playwright news presenters account executive radio jockey make up artists printing machinists offset printers mailroom managers pressroom supervisors mac operators colour supervisors mac operators printer journalist service rep direct mail manager writer actor maintenance mechanic diecuttng supervisor screenpress operator bindery machine operator creative director saddle stitcher cutter folder operators account manger event printer planner traffic manager media musician art director finished artist media office accountant director studio manager consultant copywriter poet painter platemaker manufacturer poet journalist reporter actor printer newsreader designer platemaker performer poet journalist reporter actor printer newsreader designer runner post production assistant editor writer director film maker crew producer camera operator videographer associate producer scenic painter set designer audio mixer production manager executive producer storyboard artist photographer illustrator duplication technician production assistant field producer casting produce script supervisor stylist first assistant director extra entertainment lightning technician sound script production assistant industry super fund make up artists machinists offset printers mailroom managers pressroom mac operators printer artist journalist service rep direct mailwriter actor maintenance diecuttng supervisor screenpress bindery machine operator creative director poet printer saddle stitcher folder operators account manger event printer planner traffic manager media musician art director finished artist media office accountant director studio manager script consultant copywriter poet painter platemaker manufacturer poet journalist reporter actor editor printer newsreader designer runner post printer production assistant editor writer director printer film maker crew producer camera operator editor editor videographer associate producer associate producer set designer mixer production manager executive producer storyboard artist photographer illustrator duplication entertainer production assistant field producer casting producer script supervisor stylist first assistant director extra new estimator sales project manager lighting technician sound artist costume designers printer paper voiceover artists actor playwright news presenters account executive radio jockey make up artists printing machinists offset printers mailroom managers pressroom supervisors mac operators colour platemaker performer poet journalist reporter actor printer newsreader designer runner post production assistant editor writer director film maker crew producer camera operator videographer associate producer scenic painter set designer audio mixer production manager executive producer storyboard artist photographer illustrator duplication technician production field producer casting produce script supervisor stylist first assistant director extra entertainment sales project manager lightning technician sound engineer costume designers announcers voiceover playwright news presenters account executive radio jockey make up artists machinists offset printers mailroom managers pressroom supervisors mac operators printer journalist service rep direct mail manager writer actor maintenance mechanic diecuttng supervisor screenpress operator bindery machine operator creative director saddle stitcher cutter folder operators account manger event printer planner traffic manager media musician art director finished artist media office accountant director studio manager consultant copywriter poet painter platemaker manufacturer poet journalist reporter actor printer newsreader designer runner post production assistant editor writer director film maker crew producer camera operator videographer associate producer painter set designer audio mixer production manager executive producer storyboard artist photographer illustrator duplication entertainer production assistant field producer casting producer script supervisor stylist first assistant director extra new estimator sales project manager lighting technician sound artist costume designers paper voiceover artists actor playwright news presenters account executive radio jockey make up artists printing machinists offset printers mailroom managers pressroom supervisors mac operators colour supervisors mac operators printer journalist service rep direct mail manager writer actor maintenance mechanic diecuttng supervisor screenpress operator bindery machine operator creative director saddle stitcher cutter folder operators account manger event printer planner traffic manager media musician art director finished artist media office accountant director studio manager consultant copywriter poet painter platemaker manufacturer poet journalist reporter actor printer newsreader designer platemaker performer poet journalist reporter actor printer newsreader designer runner post production assistant editor writer director film maker crew producer camera operator videographer associate producer scenic painter set designer audio mixer production manager executive producer storyboard artist photographer illustrator duplication technician production assistant field producer casting produce script supervisor stylist first assistant director extra entertainment lightning technician sound script production assistant industry super fund make up artists machinists offset printers mailroom managers pressroom mac operators printer artist journalist service rep direct mailwriter actor maintenance diecuttng supervisor screenpress bindery machine operator creative director poet printer saddle stitcher folder operators account manger event printer planner traffic manager media musician art director finished artist media office accountant director studio manager script consultant copywriter poet painter platemaker manufacturer poet journalist reporter actor editor printer newsreader designer runner post printer production assistant editor writer director printer film maker crew producer camera operator editor editor videographer associate producer associate producer set designer mixer production manager executive producer storyboard artist photographer illustrator duplication entertainer production assistant field producer casting producer script supervisor stylist first assistant director extra new estimator sales project manager lighting technician sound artist costume designers printer paper voiceover artists actor playwright news presenters account executive radio jockey make up artists printing machinists offset printers mailroom managers pressroom supervisors mac operators colour platemaker performer poet journalist reporter actor printer newsreader designer runner post production assistant editor writer director film maker crew producer camera operator videographer associate producer scenic painter set designer audio mixer production manager executive producer storyboard artist photographer illustrator duplication technician production field producer casting produce script supervisor stylist first assistant director extra

super madeeasy

Effective: 1 June 2009

printing journalism entertainment arts design multimedia music film television radio livperformance printing journalism entertainment arts design multimedia music film television radio live performance printing journalism entertainment arts design multimedia music film television radio live performance printing journalism entertainmnt video design multimedia music film television radio live performance printing journalism entertainment arts design multimedia music film television radio live performance printing journalism entertainment arts design multimedia music film television radio live performance printing dd aprinting multimedia design multimedia music film television radio live performance printing journalism web dancer arts design s journalism entertainment music film television radio live performance printing journalism entertainment arts design multedia mus film television radio liv performance printing journalism entertainment arts design multimedia music film televsion radiolive performance printing journalism musician artist designer multimedia music film televiswriterdio live performance printing arts vid design multimedia journalist actor film television radio performanc printing journalism entertainment arts design multimedia musivide television audio live performance printing journalism entertainmenarts design multimedia music film television radio live performance printing journalism entertainmearts design multimedia music film television radio live performance printing journalism entertainment arts design producer music film television radio live performance printing painter entertainment arts aa design photographer music film television radio live perfrmance printing reporter entertainmentarts design multimedia music film television radio live performance printing journalism entertainment arts design multimediamusic film television radio live performance printing journalism entertainment arts design multimedia music film television radio live performance printing journalism entertainment arts design multimedia music film television radio live performancesuper

This Product Disclosure Statement (PDS) effective 1 June 2009 was prepared by Media Super Limited ABN 30 059 502 948, AFSL 230254 (Trustee), the trustee of Media Super.

The employer product Disclosure Statement includes information about of some of your superannuation obligations, risks associated with investing in the Fund, fees and costs that are payable by members, complaints procedures and a summary of benefits available to both employers and members. This PDS applies to all Media Super participating employers. In order for you to become a participating employer, you must complete and send in the employer Application form attached at the back of the PDS.

Throughout this PDS, you will see cross references to the ‘Member PDS’. This refers to the Media Super Member PDS Part 1 and the Media Super Member PDS Part 2 effective 1 June 2009. You should have received a copy of the Media Super Member PDS Part 1 and the Media Super Member PDS Part 2 effective 1 June 2009 together with this PDS. If you did not receive a copy, or if you require more copies free of charge, contact our call centre on 1800 640 886 or visit www.mediasuper.com.au.

This PDS will help you compare Media Super with other superannuation funds and help you decide whether or not Media Super will meet your needs. An electronic copy of this PDS and the Member PDS Part 1 and Part 2 are available from 1800 640 886 or visit www.mediasuper.com.au.

If you make this PDS available to another person, you must give them the entire electronic file or print out, including the application forms.

If you join Media Super, your employees will become members of Media Super.

Note: Some of the information contained in the Media Super PDS may change from time to time. If there is a materially adverse change, the Trustee will issue a new PDS or a Supplementary PDS. Where a change to the information in the PDS is not materially adverse, the Trustee will provide a written update on the website. You may request a paper copy of any update from the Trustee, who will provide it free of charge. An updated version of the Media Super PDS is available at www.mediasuper.com.au or by phoning1800 640 886.

Further informationUpon request to the Trustee, you are entitled to receive further information about Media Super. The Trustee will provide all information it reasonably believes a member would reasonably need to make an informed assessment of the management and financial situation of Media Super. If you require further information, contact us on 1800 640 886 or [email protected]. The provision of further information may be subject to a charge.

Visit www.mediasuper.com.au for more information.

FSC LOGO

black 19mm wide

Contact us:General enquiriesmail: media Super limited locked bag 1229 Wollongong NSW 2500

phone: 1800 640 886

Fax: 1800 246 707

email: [email protected]

Website: www.mediasuper.com.au

Consumer Advisory Warning

The information in this PDS is general information only. It does not take into account your individual objectives, financial situation or particular needs. Before making a decision to invest in Media Super, you should read the Media Super PDS in its entirety to assess whether or not Media Super is appropriate to

your individual circumstances. We recommend that you also consider obtaining financial advice from a licensed financial adviser. Investment returns are not guaranteed, as all investments carry some risk. Past performance gives no indication of future returns. Financial product advice can only be provided by a financial services

licensee or an authorised representative of a financial services licensee. Unless you hold a financial services licence, you are unable to provide your employees with any financial product advice or recommend any superannuation product to them.All persons featured in this PDS have given their consent, and this consent had not been withdrawn at the time of publication.

3

Contents47

17

Welcome to Media Super 4 Extra benefits for your employees 39

Joining Media Super 7Why Media Super? 7How Media Super looks after you 8How to become a Media Super employer 9How do I contribute? 10What are my responsibilities? 11What is Super Choice? 14

General information 17Super investments and risk 18Fees and other costs 20Other important information 24How to complete the forms 26

An Industry Super Fund that looks after you

About Industry Super FundsNot all super funds are the same. Industry Super Funds are run only to profit members. This means that the fund rewards members with low fees, instead of paying financial planners and sales people commissions on your super. Over a 40-year working life, even small differences in fees can have a huge financial impact.

Media Super is governed by a Trustee Board of Directors. As an industry super fund, the Board is made up of an equal number of employer and employee representatives and two independent directors. The current Media Super Board of directors includes representatives from:

Printing Industries Association of Australia – three directors;

Fairfax Media Limited – one director;

Live Performance Australia or the Screen Producers Association of Australia – one director;

the Printing Division of the AMWU – three directors;

Media, Entertainment and Arts Alliance – two directors.

The role of the directors is to make sure that Media Super is run according to its Trust Deed and Rules (the document that controls Media

Super’s operation) and to act in the best interests of all members and beneficiaries. The Directors of Media Super (or the organisation they represent) are compensated for the time they spend on the management of Media Super. From time to time the Trust Deed may need to be amended. If so, all members will be advised. A copy of the Trust Deed is available on request.

4

Welcome to Media SuperThe industry super fund for print, media, entertainment and arts professionals.

Welcome to Media Super, the super fund that helps employers look after their employees.Media Super was created on 1 July 2008 as a result of the merger of Print Super and JUST SUPER. Both Print Super and JUST SUPER were established in 1987 and have long histories of low fees and strong investment performance. More than 12,000 employers contribute to Media Super on behalf of their staff. The Fund manages more than $2.5 billion on behalf of more than 115,000 members.

5

Media Super offers employers: No fees or charges

easy administration, including e-commerce

Flexible payment arrangements

personalised service from people who understand your industry

regular communication

Workplace education services.

Media Super offers members: low fees A fund run only to benefit them Strong long-term investment performance Super they can take from job to job 10 investment options member education Service from an award-winning fund Insurance cover (if eligible).

Out of 200 super funds that SuperRatings surveys, only 15% are awarded a Platinum rating – the highest rating a super fund can achieve. We’re one of them.

Excellence gets results

SuperRatings is an independent research centre that rates Australia’s superannuation funds, providing independent information on fund services and expert industry analysis and commentary to consumers and the Australian media.

Strong PerformerAssets: more thAN $2.5 bIllIoN

Members:more thAN 115,000

Employers:more thAN 12,000

6

‘The biggest benef it for us as a company is that it’s a hassle-free superannuation fund. It takes the burden of administration off the company. We use their expertise to manage our employees’ superannuation affairs. They’re run only to prof it members.’David mckenzie, mcpherson’s printing Group

Joining Media Super 7

Joining Media Super

Why Media Super?

If the benefit includes an insured component, the member must satisfy the conditions in the insurance policy and the Insurer must pay the benefit to the Trustee before the insured benefit becomes payable to the member. Benefits and contributions to funds are taxed concessionally.For further information on:

preservation age and the conditions of release, see page 15 of Part 1 of the Member PDS;

insurance benefits and the terms and conditions attached to those benefits, see Part 2 of the Member PDS;

accessing superannuation, see page 15 of Part 1 of the Member PDS;

taxation of benefits and contributions, see page 12 and page 20 of Part 1 of the Member PDS.

As a member of Media Super, your employees, or their beneficiaries (if eligible), may receive any one of a number of benefits from the Fund, including:

a retirement benefit – paid as a lump sum, unless converted to a pension;

a resignation benefit – paid as a lump sum;

a total and permanent disablement benefit (may include an insured component) – paid as a lump sum;

a total and temporary disablement benefit (may include an insured component) – paid in instalments;

a terminal illness benefit (may include an insured component) – may be paid either as a pension or lump sum;

pension benefit – paid in instalments;

transition to retirement benefit – paid in instalments;

a death benefit (may include an insured component) – may be paid either as a pension or lump sum to the member’s beneficiaries.

Media Super works to provide retirement benefits for its members. Members do not have access to their superannuation retirement benefits until they satisfy a condition of release, i.e. reach their preservation age, become totally and permanently disabled, etc.

8 Joining Media Super8 Joining Media Super

Workplace visitsOur Relationship Managers can assist you with all your super questions and administration procedures to help take the hassle out of super for your business. Our consultants can also provide tailored educational workshops or one-on-one meetings for you or your staff. If you receive a lot of questions about super from your staff, this may be useful – or you can promote it as a staff benefit.

WorkshopsWe understand the complexity of planning for a comfortable retirement. That’s why we run workshops covering retirement planning, salary sacrifice, self-employment, investment choice and pensions. To register for a workshop, visit www.mediasuper.com.au/workshops or phone 1800 640 886.

Telephone service centreOur friendly staff are available via telephone to solve your super questions. Phone 1800 640 886 weekdays from 8.30am to 5.30pm (AEST).

Regular communicationsWe are committed to keeping you updated with information about your account and super changes that are likely to affect your business. We keep in touch through the monthly Contribution Return, regular updates on our website, annual record of contributions, regular newsletters and quarterly e-newsletters.

WebsiteThe Media Super website has a range of resources to help you manage your superannuation, including our online education centre, Super Guide, interactive tools and calculators, and forms and publications. Take the time to visit www.mediasuper.com.au and explore the resources available.

Low-cost business bankingDid you know that Media Super partly owns one of Australia’s fastest-growing banks?Members Equity Bank provides low-cost business banking services to Media Super employers, including:

business loans; vehicle and equipment finance; construction loans; and online and term deposits.

Members Equity Bank is also committed to providing: market-leading interest rates; no account-keeping fees; and one-on-one service.

So, whether you need finance for new premises or a great return on your surplus cash, Members Equity Bank can help you to build your business with confidence.

Online account access

Managing your super account is easy with online account access. It’s simple to use and gives you secure access to your account at any time. You can:

check your current account balance; view details of contributions since your last

statement; enter your staff’s superannuation details into

your online account; and make regular payments.

You will be registered automatically for this service when you join Media Super.

As a Media Super employer, you have a range of services and personalised support at your fingertips.

How Media Super looks after you

Look for Super Hero in this handbook for helpful tips and informationVisit www.mediasuper.com.au

Joining Media Super 9Joining Media Super 9

Who’s eligible to join Media Super?

As Media Super is a public-offer fund, any business making superannuation contributions on behalf of its staff can register as an employer with us. Additionally, any member of your staff can become a Media Super member, regardless of their occupation.

Complete the employer application form (available in this PDS).Make sure you have read this PDS before signing.1If Media Super is your default fund, provide a copy of the Standard choice form (available in this PDS) to each member of your staff. To obtain copies, visit www.mediasuper.com.au/contactus or phone 1800 640 886.2Complete the employee enrolment form (available in this PDS).3Send to Media Super:

A. the employer application formB. the employee enrolment formC. either a completed membership application form or the full name, address, date of birth, tax file

number and employment start date for each staff member receiving a contribution, andD. the first contribution payment.We can arrange personalised assistance with the superannuation arrangements for your business. Please contact us on 1800 640 886 or email [email protected].

4

How to become a Media Super employer

10 Joining Media Super

With four easy-to-use payment options, Media Super gives you the flexibility to choose a method that suits your business.

How do I contribute?

Direct debitIf you choose direct debit as your preferred payment method, the correct deduction from your bank account will be triggered automatically when we receive your staff’s superannuation details each payment period. To establish a direct debit agreement with Media Super, fill in the employer direct debit request form (available in this PDS).

EFTEFT allows you to transfer your contribution electronically from your business bank account to Media Super’s account. To establish an EFT agreement with Media Super, contact us on 1800 640 886.

ChequeYou can make a direct payment by posting a cheque, made out to Media Super, for the total amount payable.

1

2

3

4

EMPLOYEE ENROLMENT FORM Complete your staff’s superannuation details on the form and post this, along with payment, to Media Super.

ONLINE EMPLOYEE ENROLMENT FORM Enter your staff’s superannuation details into your Media Super online account and make your payment.

PAYROLL LINK Have your electronic payroll converted to a file containing your staff’s superannuation details. You can then email this to Media Super and make your payment.

MICROSOFT EXCEL™ SPREADSHEET Download a spreadsheet from the secure employer section of the Media Super website and submit your files via www.mediasuper.com.au.

Payments can then be made via:

you must provide contribution details online at the same time that you make your payment. If you delay providing this information, it may affect your employees’ media Super membership entitlements.

Note:


As an employer, you have legal responsibilities that you must consider regarding superannuation and your employees.

What are my responsibilities?

WHO DO I HAvE TO CONTRIbuTE FOR?Legislation requires employers to pay Superannuation Guarantee (SG) contributions for most of their employees into a complying superannuation fund, such as Media Super. You are NOT required to make super payments for employees who are:

paid less than $450 (before tax) in a calendar month*; aged 70 years and over (unless the contribution is

mandated by an award or certified agreement); aged under 18 years of age and working 30 hours or

less per week*; non-residents being paid for work done outside Australia; covered by bilateral superannuation agreements with

other countries; senior foreign executives holding certain visas or entry

permits; paid to do work of a domestic or private nature for

no more than 30 hours per week.* Subject to exception under certain awards and agreements.

For more information, visit the Australian Taxation Office (ATO) website at www.ato.com.au and access the Superannuation Guarantee decision tool.

AgE LIMITSYou must contribute to an employee’s super until the employee reaches age 70. Once an employee reaches 70, you are no longer required to contribute to super unless those contributions are mandated under an award or certified agreement. Refer to page 12 for restrictions on receiving employer contributions.

CONTRACTORSIf you have engaged a person as a contractor, and they:

are remunerated wholly or principally for their personal skill and labour; and

perform the contractual work personally; and are paid by reference to hours worked, rather than for

the amount of work performed, then the contractor is considered as an employee, and you are required to make a super contribution for at least that portion of their contract. Visit www.ato.com.au and access the employer/contractor decision tool for help identifying workers.

HOW DO I MAKE CONTRIbuTIONS?Employer contributions must be made on behalf of your employees while your employees remain in your employment. These include employees who are on:

annual, sick/carer’s, compassionate or long-service leave; or

workers’ compensation, if the employee is performing duties while still injured.

These do NOT include employees who are on: payments made in respect of jury service or accident

make-up pay under the provisions of a relevant award or industrial agreement;

parental leave; or workers’ compensation payments, where the employee

is not performing services.If an employee is absent without pay, generally no employer contributions are payable.If insurance arrangements for an employee who is a member of Media Super are to be maintained while they are on leave, you must provide written confirmation of such authorised leave to Media Super before their last day of paid work.

HOW MuCH DO I HAvE TO PAY?The SG requires all Australian employers to use Ordinary Time Earnings (OTE) to calculate and pay 9% of each employee’s earnings to their super. However, if your employees are covered by an award or agreement that specifies a higher superannuation contribution than 9% of the employee’s OTE, you must pay the higher amount. Otherwise, you will be in breach of the award or agreement.

Maximum earnings baseThere is a maximum limit on any employee’s earnings base for each quarter of any financial year. You do not have to pay SG contributions for any earnings above this limit. The limit for each quarter in the 2008/09 financial year is $38,180. This limit does not apply to other mandated contributions, such as contributions you pay under an award. For 2009/10 limits, visit the Australian Taxation Office (ATO) at www.ato.gov.au.

TAXYou can claim a tax deduction for these contributions. However, any SG contributions must be paid by the quarterly deadline to be eligible for a tax deduction.Some employers allow staff to form a salary sacrifice agreement whereby the employee sacrifices a portion of their pre-tax salary. You then pay that portion directly


into their super account. If a salary sacrifice agreement is in writing, you can claim a tax deduction for the contribution. A sample agreement is available at www.mediasuper.com.au/employers.Some employers also offer a payroll deduction facility enabling staff to make voluntary after-tax contributions. If you offer this service, amounts should be noted on your employee enrolment form and included in your monthly payment to Media Super. Any contributions of this type MUST be paid to the employee’s super fund within 28 days of the deduction being made. Please note that super funds cannot accept voluntary after-tax contributions for members who have failed to provide their tax file number (TFN) to the Fund.

CONTRIbuTION CAPSYour staff should be aware that they are subject to a $50,000 ($25,000 for 2009/10*) concessional contribution cap during the 2008/09 financial year. If they are aged 50 or over, the cap is $100,000 ($50,000 for 2009/10*) during the 2008/09 financial year. This cap includes all employer contributions and salary sacrifice contributions paid by their employer or employers.If your staff exceed the cap, the excess contributions will be taxed at the highest marginal tax rate of 46.5% (including Medicare levy). The excess portion of the contribution will be counted towards your employee’s non-concessional contribution cap. For 2008/09, your staff are subjected to a $150,000 ($150,000 for 2009/10*) non-concessional contribution cap per year. If your staff are under age 65, they can bring forward two years of contributions, allowing a limit of up to $450,000 ($450,000 for 2009/10*) over a three-year period.* These are the proposed May 2009 Federal Budget figures and will apply

if the Budget is passed unchanged. However, before the Budget proposal, the contributions caps were:

•concessionalcontributioncap(underage50)–$55,000; •concessionalcontributioncap(overage50until30June2012)–$100,000; •non-concessionalcontributioncap–$165,000; •bringforwardtwoyearsnon-concessionalcontributioncap–$495,000.

COOLINg-OFF PERIODThere is a cooling-off period for new employers during which you can withdraw your employer application. You must advise us of your intention to withdraw your application in writing. You have 14 days from:

the end of the fifth business day after the date you acquired the product; or

14 days from the date we send confirmation of your application.

TAX FILE NuMbERSLegislation requires that where a staff member has supplied their TFN to you, you must assume that they have given consent for you to supply it to their superannuation fund.You must supply each new staff member’s TFN to us with your next contribution. If the TFN is provided to you less than 14 days before you make the contribution, you must pass the TFN to Media Super within 14 days of receiving it. Failure to meet your TFN responsibilities is a serious offence and attracts penalties. For further information, visit www.ato.gov.au/super.You can supply TFNs for new and existing staff via:

your online account; your employee enrolment form/Contribution

advice form; fax to 1800 246 707; or email to [email protected]

You must respect the privacy of staff who quote their TFN to you. Further information about privacy responsibilities can be obtained by phoning the Privacy Commissioner on 1300 363 992 or visiting www.mediasuper.com.au/employers.Media Super keeps TFNs securely, and uses them only for approved purposes.

Age limit restrictions on making contributions

CoNtrIbUtIoN typemember AGe

leSS thAN 65 65-69 70-74 75+

mandated employer contribution1

Accepted without restriction




Additional employer contribution2


Accepted provided member is gainfully employed on at least a part-time3 basis


Cannot be accepted4

Voluntary contribution Accepted without restriction



Cannot be accepted4

Spouse contribution Accepted without restriction

Accepted provided the receiving spouse is gainfully employed on at least a part-time3 basis

Cannot be accepted Cannot be accepted

1. Includes SG (to age 70 only) and contributions stipulated by awards and agreements.2. Includes additional employer contributions, salary sacrifice contributions and self-employed contributions where a tax deduction has been claimed.3. Part-time means member must have worked at least 40 hours in 30 consecutive days in the financial year.4. If member is gainfully employed on at least a part-time basis during the financial year that contributions are made, contributions received on or before

the day that is 28 days after the end of the month in which member turns 75 can be accepted.


From 1 July 2009, if you make super contributions under a salary sacrifice arrangement or extra super contributions to a super fund for an employee, you may need to report those contributions on your employee’s payment summary. These contributions are called ‘Reportable Employer Super Contributions’ (RESCs). RESCs are those contributions where all of the following apply:

Your employee influenced the rate or amount of super you contribute for them.

The contributions are additional to the compulsory contributions you must make under the following:

– super guarantee law; – an industrial agreement; – the trust deed or governing rules of the Fund; or – a federal, state or territory law.RESCs are not included in your employee’s assessable income. However, you must report them to the ATO as part of your payment summary reporting.

Changes from 1 July 2009

WHAT INFORMATION MuST I PROvIDE TO MEDIA SuPER?Details for new staff membersIf the new staff member is already a member of Media Super, simply provide their name and Media Super membership number.If they are not already a member of Media Super, you should provide these details for each new staff member to ensure hassle-free allocation of your contributions:

full name; full address; date of birth; tax file number; and employment start date.

Media Super can only legally accept contributions for members if there is sufficient information to create an account for them and to accurately allocate their contributions to that account. Whilst it is preferable for new members to complete a Media Super member application form, we can receive contributions for an employee as long as you provide the above information. Once you have provided these details, they will be pre-printed on your employee contribution advice form each payment period or saved within your online account.

TAX DEDuCTIONS You can claim a full tax deduction for super payments you make for employees under the age of 75. Super payments are tax deductable in the financial year in which you pay them.You can also claim a tax deduction for super payments you make for employees aged 75 and over, if you have to make the payments because your employee is under an industrial award, determination or national agreement preserving state awards.

WHEN DO I HAvE TO PAY?Legislation requires employers to contribute SG payments at least quarterly, by the following dates:

QUArterSG tAx-DeDUCtIbIlIty DeADlINe

SG StAtemeNt loDGemeNt DAteS AND pAymeNt oF SG ChArGe IF CoNtrIbUtIoNS Not mADe IN tIme

1 July– 30 September

28 October 28 November

1 October– 31 December

28 January 28 February

1 January– 31 March

28 April 28 May

1 April–30 June 28 July 28 August

A new staff member’s first super contribution can be made to Media Super as it falls due, but MUST be made within three months of the date the staff member joined your business. Failure to make the payment within three months will void the staff member’s insurance cover. This could result in possible claims against your business.If you fail to meet the quarterly SG deadline, you are required to provide an SG Statement the following month, and you will have to pay the SG Charge to the ATO. The SG Charge is a non tax-deductible payment, which includes:

the SG Shortfall; 10% p.a. interest (calculated on a daily compounding

basis); and a $20 administration fee per quarter per member.

If you pay the SG contributions after the quarterly deadline but before the employer’s original assessment for that quarter is made, you may elect (by completing the Superannuation Guarantee Charge Statement – a form located on the ATO website) to use those contributions to reduce the amount of the SG Charge that you must pay.An election to use a contribution as an offset can be made in either:a) the first statement for the quarter; orb) within four years after the employer’s original

assessment for the quarter is made.Payment after the quarterly SG deadline to Media Super generally does not extinguish your liability to pay the SG Charge to the ATO.


Most employees can choose which fund they pay their super contributions into.

What is Super Choice?


CHOOSINg A DEFAuLT FuNDIf any of your employees are eligible for choice, you are required to select a default fund for those employees who do not choose their own fund. this is an important decision, and could make thousands of dollars difference to your employees’ retirement savings. Things you might consider include:

ease of administration; fees for members; long-term investment performance; and education and service.

If you are switching from another fund, Media Super is able to assist you with a seamless transfer of your arrangements. Contact us on 1800 640 886.

Note: When selecting a default fund, you will need to select a super fund that is a complying fund – a fund that meets minimum government requirements. media Super is a complying fund.

MANAgINg SuPER CHOICE FOR YOuR buSINESS

1. Select a default fund.

2. Identify who is eligible to choose, and provide them with a Standard choice form (available in this PDS if Media Super is your default fund) within 28 days of commencement of their employment*.

3. Make sure each employee’s choice is valid. For this, they must supply:

a. their account name; b. their member number, or the fund’s Superannuation

Product Identification Number (SPIN); c. the fund’s name, contact details and ABN; d. a letter from the fund confirming its complying status; e. confirmation that the fund will accept contributions

for the employee; and f. the method of payment required.

4. Activate each employee’s choice within two months of receiving their valid request.

5. Maintain records for five years (in English) that show you have met your obligations, including evidence showing:

a. your employees who are not eligible for choice; b. your default fund is a complying fund and meets

insurance requirements; c. the Standard choice form has been provided to

all eligible employees; d. which super funds your employees have chosen; and e. you have made contributions to your employees’

chosen super funds.

* You are also required to provide employees with a Standard choice form within 28 days of:

•yourbecomingawarethattheemployeehaschosenafundthatisnolonger an eligible choice fund;

•receiptofawrittenrequestbyanemployeeforaStandard choice form unless the form has already been given to the employee in the past 12 months; and

•yourchangingdefaultfundfortheemployeeiftheemployeeisamemberof that default fund by virtue of not having made a choice of fund.

For more information about your responsibilities, visit www.ato.gov.au/super.

If you do not meet your super choice obligations, you will be liable for the choice shortfall. This is part of the SG Charge. The choice shortfall applies where:

you have paid SG contributions to a complying superannuation fund for your employee, but not to their chosen fund;

you have not given your employees a Standard choice form within the required time.

The choice shortfall is 25% of the value of the contributions that are paid to the wrong fund. It is limited to $500 per employee for a notice period. The choice shortfall is not tax-deductible.

Employees are generally eligible for choice if they are:

covered by Federal awards; not covered by any award or registered

agreement; covered by State awards where their employer

is a constitutional corporation.

Employees are NOT eligible for choice if they are:

members of certain public sector employers; members of certain defined benefit super funds; covered by:

– State awards, where their employer is not a constitutional corporation;

– certain agreements under the Victorian Employee Relations Act (1992);

– a Federal certified agreement, collective agreement, Australian workplace agreement, or ITEA that requires the employer to make superannuation contributions; or

– a State agreement made before 27 March 2006 that requires the employer to make superannuation contributions.

16 General information

‘I wouldn’t go with anything that wasn’t an industry super fund. It simply doesn’t make sense.’Stephen robinson, musician

General information 17

This section includes information relevant to all Media Super employers and members, including details of fees and costs, insurance and investment options.

General information

Contributions and taxationFor information on contributions (including limits and caps) and taxation of super (including contributions and benefits), please refer to Part 1 of the Member PDS, page 8.

InvestmentsMedia Super offers 10 investment options – four pre-mixed and six single asset. These include Balanced, High Growth, Growth, Stable, Australian Shares, Overseas Shares, Sustainable Future Shares, Property, Fixed Interest and Cash.For information on identifying investment risk, investment objectives, investment strategy, risk profile, asset allocation and historical returns for each available investment option, refer to the Investments section of Part 1 of the Member PDS, from page 23.


liquidity risk – this is the risk of being unable to convert an investment into cash with little or no loss of capital and minimum delay. Some investments, such as direct property and private equity, are relatively illiquid. As such, Media Super makes these investments for the long term, and limits the exposure of any investment option to these sectors.

Security specific risk – the risk that an individual company or asset fails, for example, through bankruptcy, fraudulent activity, or the business environment in which it operates, causing the value of the investment to fall sharply.

Negative returns – there is a risk that the investment options have negative returns and that an investor does not receive the repayment of capital or may have a reduction in their investment amount.

Volatility risk – is the instability of a particular investment.

The effect of these risks is reduced by diversification, that is, by investing in a wide range of different types of investments.Before making an investment choice, we strongly recommend that all investors consider the risks outlined here.

other risks that may impact any investor include: Changes to superannuation law – changes are

frequently made to superannuation law which may affect an investor’s benefits or ability to access their benefits.

Changes to taxation – changes may occur to the taxation of superannuation, which may affect the value of an investment.

Insurance – the insurance cover members receive as a member of Media Super may not cover them to the extent they require. There is also a risk that the Insurer will either not accept the desired level of insurance cover or may reject a claim.

All members should consider diversification and all the risks associated with investments before making an investment choice.

Super investments and riskThere are various types of risk associated with investing in a superannuation fund, the most important of which are discussed below.

There are risks in choosing particular investment options, as all investments are subject to varying risks and generally all investments change in value over time.

the significant risks that any investor could encounter include:

Inflation risk – inflation may exceed the return on investment, which reduces an investor’s purchasing power at the time.

Individual investment risk – individual assets in which Media Super invests can (and do) rise or fall in value for many reasons, such as changes in the internal operations or management of a fund or entity in which Media Super invests, or the business environment in which it operates.

market risk – economic, technological, political or legal conditions and even market sentiment can (and do) change. These can mean changes in the value of investment markets affecting the value of the investments in Media Super.

Interest rate risk – changes in interest rates can have a positive or negative impact directly or indirectly on investment value or returns – for example, the income return on a fixed interest security can become more or less favourable.

Currency risk – Media Super has overseas investments, and if the currencies of any of those countries rise or fall in value relative to the Australian dollar, the value of the investment can change.

Derivatives risk – derivatives are used to reduce risk or gain exposure to other types of investments when appropriate. Media Super does not invest directly in derivatives but our investment managers may do so. Risks associated with derivatives include the value of the derivative failing to move in line with the underlying asset, potential illiquidity of the derivative, not being able to meet payment obligations as they arise and counterparty risk (this is where the counterparty to the derivative contract cannot meet its obligations under the contract).


Australian SharesThe most significant risk that Media Super’s Australian Shares portfolio is exposed to is market risk (i.e. the risk that the Australian share market falls in value). Because of this, over short-term periods in particular, there is a risk that the return on the portfolio may not exceed inflation (inflation risk) and the returns on this portfolio could be negative. Some of the investment managers in Media Super’s Australian Shares portfolio may use derivatives from time to time, so derivative risk is a factor, but this risk is controlled by limits imposed on use of derivatives, and the risk is likely to be small at the total portfolio level. Individual investment risk is present, although it is managed by significant diversification of the underlying investments. Another risk includes active manager risk, as well as noting that some investment managers use derivatives.

Overseas SharesThe most significant risks that Media Super’s Overseas Shares portfolio is exposed to are market risk (i.e. the risk that overseas share markets fall in value) and currency risk (i.e. the risk that the value of overseas assets fall if the Australian dollar appreciates). Because of these risks, over short-term periods in particular, there is a risk that the return on the portfolio may not exceed inflation (inflation risk) and the returns on this portfolio could be negative.Diversification by investments in a range of different overseas markets reduces the overall market risk and, consequently, inflation risk. Some of the investment managers in Media Super’s Overseas Shares portfolio use derivatives from time to time, so derivative risk is a factor, but this risk is controlled by limits imposed on use of derivatives, and the risk is likely to be small at the total Overseas Shares portfolio level. Individual investment risk is present, although it is managed by significant diversification of the underlying investments.

PropertyThe most significant risk that Media Super’s Property portfolio is exposed to is market risk (i.e. the risk that property markets fall in value). Because of this, over short-term periods, there is a risk that the return on the portfolio may not exceed inflation (inflation risk) and the returns on this portfolio could be negative. Diversification of investments in different property markets – Australian Listed Property, Australian Unlisted Property and Global Listed Property – reduces the overall market risk and, consequently, inflation risk. Interest rate risk is a significant risk to the Property portfolio, due to a large portion of the sector’s return coming from an income stream. Individual investment risk is present, although it has been reduced by diversifying underlying investments.

Fixed InterestInterest rate risk is a significant risk to Media Super’s Fixed Interest portfolio, as the majority of the sector’s return comes from an income stream, and changes in interest rates can have a positive or negative impact on the value of investments. The Fixed Interest portfolio is exposed to market risk (i.e. the risk that fixed interest markets fall in value). Because of this, over short-term periods, the return on the portfolio may not exceed inflation (inflation risk) and the returns on this portfolio could be negative. However, the volatility of returns of fixed interest markets is generally lower than for shares and property markets, therefore market and inflation risk are less of an issue for the Fixed Interest portfolio compared to the Shares and Property portfolios. Also, diversification by investments in a range of different overseas markets reduces the overall currency risk, market risk and, consequently, inflation risk.Some of the investment managers in Media Super’s Fixed Interest portfolio may use derivatives from time to time, so derivative risk is a factor, but this risk is controlled by limits imposed on their use, and the risk is likely to be small at the total Fixed Interest portfolio level. Individual investment risk is present, although it is controlled by significant diversification of the underlying investments. Fixed interest investments are also exposed to credit risk.

Alternative AssetsThe Alternative Assets class portfolio consists of several distinct investment strategies, including Infrastructure, Private Equity, Hedge Funds and Opportunistic Property. Each of these asset classes has a different risk profile. Infrastructure, Private Equity and Opportunistic Property portfolios are generally more exposed to individual investment risk than the more traditional asset classes, as there are generally fewer investments in the portfolios. On top of this, these asset classes are exposed to interest rate, market and inflation risk. Hedge Funds aim to eliminate many market-related risks through the use of derivatives leading to derivative risk and individual investment risk remains (although this is reduced through the diversification of investments).

CashThe most significant risk that Media Super’s Cash portfolio is exposed to is interest rate risk, i.e. changes in interest rates impact the returns generated by the investment.

Below we detail some of the risks of each of the asset classes that Media Super’s investment options are exposed to.


Fees and other costsMedia Super is run only to benefit members, keeping fees and costs low for your employees. The following outlines the fees and costs applicable to members.

The wording at the right is stipulated by law. However, the statement concerning the possibility of negotiating fees is not applicable to Media Super. For further information, contact Media Super on 1800 640 886.This document shows fees and other costs that members may be charged. These fees and costs may be deducted from member accounts, the returns on investment or the fund assets as a whole. Taxes and insurance costs are set out in other parts of this document. You should read all of the information about fees and costs because it is important to understand their impact on investments.Fees and costs for particular investment options are set out on page 21.

COnSuMER ADvISORy WARnIng

Did you know?Small differences in both investment performance and fees and costs can have a substantial impact on your long-term returns.For example, total annual fees and costs of 2% of your fund balance rather than 1% could reduce your final return by up to 20% over a 30-year period (for example, reduce it from $100,000 to $80,000).you should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs. 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 own circumstances, the Australian Securities and Investments Commission (ASIC) website (www.fido.asic.gov.au) has a superannuation calculator to help you check out different fee options.

the Australian Securities and Investments Commission (ASIC) provides the following warning to investors.

Member fees and costs

type oF Fee or CoSt AmoUNt hoW AND WheN pAID

FeeS WheN A member’S moNey moVeS IN or oUt oF the FUND

establishment fee The fee to open a member’s investment. Nil Not applicable

Contribution fee The fee on each amount contributed to a member’s investment – either by you or the member.

Nil Not applicable

Withdrawal fee The fee on each amount a member takes out of their investment.

$30 per transactionThe withdrawal fee is deducted from the member’s account when they transfer or withdraw all, or part, of their account balance from the Fund.

termination fee The fee to close a member’s investment. Nil Not applicable

mANAGemeNt CoStS

the fees and costs for managing a member’s investment1 The amount a member pays for specific investment options is shown on page 21.

$57.20 p.a. ($1.10 per week) plus 0.41% – 0.81% p.a. of a member’s account balance

Administration costs of $1.10 per week are deducted from a member’s account balance monthly (or when they exit the Fund). The investment manager fee varies from 0.31% to 0.71%, and is deducted from the particular investment option on a weekly basis prior to the unit price being calculated. This fee is not deducted from a member’s account.

SerVICe FeeS2

Investment switching fee The fee for changing investment options.

$30 per transaction The switching fee will be deducted from a member’s account at the effective date of their switch. The fee is waived if their first change is received by Media Super within 30 days of joining the Fund or if they are only changing their investment options for future transactions.

Notes:1. See the ‘Additional explanation of member Fees and Costs’ section following for a breakdown of management costs and other costs, including the buy-sell spreads.2. See the ‘Additional explanation of member Fees and Costs’ following for any other costs which may be applied.


Investment fees

INVeStmeNt optIoN INVeStmeNt mANAGer Fee

balanced 0.64% p.a. (including a potential PBF estimated at 0.04%)*

high Growth 0.71% p.a. (including a potential PBF estimated at 0.08%)*

Growth 0.65% p.a. (including a potential PBF estimated at 0.05%)*

Stable 0.43% p.a. (including a potential PBF estimated at 0.02%)*

Australian Shares 0.65% p.a. (including a potential PBF estimated at 0.13%)*

overseas Shares 0.67% p.a.

Sustainable Future Shares 0.53% p.a.

property 0.48% p.a. (including a potential PBF estimated at 0.00%)*

Fixed Interest 0.31% p.a.

Cash 0.31% p.a.

Notes:the Investment manager Fee may change due to several factors, including: timing, cash flow, changes in the investment manager line-up, changes in asset allocation and other factors.All fee calculations are inclusive of GSt. reduced input tax credits have been incorporated into the Administration Costs.

* See the performance based Fee section below.

Performance Based Fees (PBF)In certain circumstances, if an investment manager outperforms their performance target, they may be paid a PBF. The investment manager fees above include, where applicable, an estimate of any PBF. The Investment Manager Fee is deducted from the Fund’s assets before the unit price is determined on a weekly basis.The Media Super Balanced, High Growth, Growth, Stable, Australian Shares and Property options all have a percentage of assets invested with investment managers who may be eligible for PBFs. These managers are potentially paid a PBF determined as a percentage of the manager’s return achieved in excess fo the specified target rate for the manager over an agreed period. The PBF only applies when performances are greater than the specified target. Some managers have a ‘high watermark’ associated with their PBF. A high watermark indicates that if the manager fails to meet the specified target rate over one time period, they have to get back to the previous level before getting a PBF on new excess returns.The estimated PBFs shown in the table above were determined based on indicative annualised calculations using information for the period 1 July 2008 to 31 March 2009. The extent of any PBF cannot be determined in advance. The PBFs vary according to the amount of out-performance achieved by each applicable investment manager and the weighting of that investment manager in the relevant investment option.

ADDITIONAL EXPLANATION OF MEMbER FEES AND COSTS

Management CostsThe Management Costs can be broken down into a number of components, including:

1. Administration CostsThe Administration Costs fee is the $1.10 per week fee that is used to pay for the fees and costs of administering Media Super, including the payment of custody fees, trustee expenses, professional services expenses and other expenses. This fee is also referred to as the member fee and is deducted monthly from a member’s account balance.

2. other expensesThe Other Expenses fee is used to pay for fees not covered by the Administration Costs fee, including a proportion of the fees in relation to the payment of custody fees, trustee expenses, professional services expenses and other expenses. Media Super charges a fee of 0.10% p.a., which is deducted from the Fund’s assets before the unit prices are determined on a weekly basis. The unit prices issued are net of Other Expenses. Media Super will perform reconciliations of actual expenses paid and the Other Expenses charged on a periodic cycle. If the actual Other Expenses incurred are greater than the fee charged, then the unit prices for members could be decreased. If the actual Other Expenses incurred are less then the fee charged, then the unit prices for members could be increased.

3. Investment manager FeeThe Investment Manager Fee is the fee for investing in the Fund’s assets. It includes fees paid to external investment managers and other expenses incurred in investing the assets (excluding transaction costs – please see buy-sell spread table on page 22). All investment managers are paid a fixed fee for investing the assets. The fixed fee paid to each of the investment managers varies from manager to manager, and is deducted from the particular investment option on a weekly basis prior to the unit price being calculated. This fee is not deducted from member accounts. The fee for each investment option is shown on the right. These figures were determined based on indicative annualised calculations using information for the period 1 July 2008 to 30 April 2009. These calculated annualised rates will change throughout the year due to cash flow, changes in the Fund’s investment manager line-up, changes in asset allocation and other influencing factors. Some investment managers are also paid a Performance Based Fee (PBF).


Contribution Splitting feesIf a member makes a contribution splitting request and the amount split is paid to the member spouse’s Media Super account, the $30 withdrawal fee will be waived. If the amount split is rolled out of Media Super, the $30 withdrawal fee will apply.

Maximum feesThe Trust Deed does not provide any limits on the maximum amounts that may be charged by the Trustee in respect of the fees and charges outlined in this section. However, the Trustee will endeavour to ensure that the level of fees and charges is comparable with its competitors and that it represents good value for members.

Increases or alterations to fees and chargesAll fees are current and may be revised or adjusted by Media Super from time to time. Media Super may also introduce new fees. If there is an increase in fees, the Trustee must notify members 30 days in advance of the change.Visit www.mediasuper.com.au for updates.

TaxAll fees and costs are inclusive of GST less any input tax credit and stamp duty (if applicable).The Fund passes on any tax deduction to members in the form of higher returns on their investments. A tax deduction is not passed on to members by way of reduced fees or costs. In relation to the Administration Costs fee ($1.10 p.w.) and insurance premiums, the Fund provides members with a tax rebate of up to 15% each 30 June (if applicable).Taxation of benefits is set out in the ‘Taxation’ sections on pages 12 (super accounts) and 20 (pensions) of Part 1 of the Member PDS.

Insurance costsInsurance costs are set out in Part 2 of the Member PDS.

Protection of small accountsIf at any time a member’s account balance in Media Super is less than $1,000 and includes, or has included, Superannuation Guarantee or award contributions, Federal Government regulations limit the amount of administration fees and charges that can be deducted from the member’s account. If investment earnings are negative, then a maximum fee of any positive investment return credited to the member’s account, plus $10, will be deducted from their account. Administration fees and charges do not include insurance premiums and taxation charges.

Financial adviser commissionsMedia Super DOES NOT pay any sales or trail commissions to financial advisers, tax advisers or sales agents.

Transaction costsIn managing Media Super’s assets, the Trustee will incur transaction costs, including a buy-sell spread. Generally, the buy-sell spread is a transaction cost charged when members add to or withdraw their investment and is incorporated in the Fund’s unit prices. The Trustee does not receive any part of these costs. There is a buy-sell spread for each Investment Option. This buy-sell spread is variable and is applied to contributions, withdrawals and investment switches. This is an additional cost to members. The buy-sell spreads are reflected in the unit prices. The figures provided below are current as at 30 April 2009. For up to date buy-sell spreads, visit our website.

Costs

INVeStmeNt optIoN bUy SpreAD

Sell SpreAD totAl

Balanced 0.15% 0.15% 0.30%

High Growth 0.15% 0.15% 0.30%

Growth 0.20% 0.20% 0.40%

Stable 0.10% 0.10% 0.20%

Australian Shares 0.20% 0.20% 0.40%

International Shares 0.20% 0.20% 0.40%

Sustainable Future Shares 0.15% 0.15% 0.30%

Property 0.50% 0.50% 1.00%

Fixed Interest 0.05% 0.05% 0.10%

Cash 0.00% 0.00% 0.00%

Transfer feesA $10 transfer fee is charged if a member’s benefit is transferred to Media Super’s eligible rollover fund, AUSfund.

Temporary residentsA $30 fee is charged if, as an eligible temporary resident, a member’s account balance is sent to the Australian Taxation Office (ATO) as unclaimed super.

Family Law feesA Family Law fee will be charged in relation to the following services:

$98 for an application for information – deducted from the member’s account balance. For a non-member spouse, the fee must be paid by cheque on application.

$76 to split a benefit – this fee is split proportionally between the member and the non-member spouse, and deducted from the member’s account balance and the non-member spouse’s entitlement.


EXAMPLE OF ANNuAL FEES AND COSTS FOR THE bALANCED (DEFAuLT) INvESTMENT OPTIONThis table gives an example of how the fees and costs in the Balanced investment option for this product can affect a member’s superannuation investment over a one-year period. You should use this table to compare this product with other superannuation products.

Super member example

exAmple – the bAlANCeD INVeStmeNt optIoN bAlANCe oF $50,000 WIth totAl CoNtrIbUtIoNS oF $5,000 DUrING yeAr

Contribution fees Nil For every $5,000 a member puts in, they will be charged $0.

plus Management costs $57.20 p.a. + 0.74% p.a. And, for every $50,000 they have in the Fund, they will be charged $370 each year plus $57.20 in administration fees regardless of their balance.

equals Cost of fund If they put in $5,000 during a year and their balance was $50,000, then for that year they will be charged fees of $427.20*

What it costs the member will depend on the investment option they choose and the fees they negotiate with their fund or financial adviser.

Notes:* Additional fees may apply, including Withdrawal fees or Switching fees: $30. Members are unable to negotiate fees in Media Super.


Other important informationINSuRANCE Media Super provides three types of insurance cover for its members – Death Only, Death and Total and Permanent Disablement and Income Protection.For information on the following:

eligibility for members; when benefits become payable; exclusions; other conditions/terms; and costs.

see Part 2 of the Member PDS (Insurance Booklet).

uNALLOCATED MONEYAs an employer, it is important you provide Media Super with sufficient information to allocate contributions you make on behalf of your employees, otherwise you may become liable for the Superannuation Guarantee Charge.If we receive a contribution for a member without sufficient information (e.g. the member’s name) we will be unable to allocate the money to the correct member’s account. Wherever possible, we hold the money in trust while we try to obtain information which enables us to allocate the money to the correct member account. If we are unable to obtain sufficient information, we will return the money to the employer.If it is not possible for us to identity the person who made the contribution (i.e. because the employer has failed to provide their name, address, etc.) we will pay the money to the Australian Securities and Investment Commission (ASIC) generally within one month after receiving the money.

Australian Securities and Investment Commission Unclaimed monies Unit Phone: 1300 300 630 Email: [email protected] Web: www.fido.gov.au

CHANgE OF DETAILSPlease notify Media Super in writing whenever there are changes to the key contact person, address, phone number or email address for your business.You can do this via your employee contribution advice form, your online account or by emailing [email protected] keeping us updated, we can ensure the accuracy of our correspondence with you.

PRIvACY Media Super respects your privacy and your employees’ privacy. Protecting personal information has always been important to us and is required by law. We handle personal information in accordance with National Privacy Principles. Media Super has stringent measures in place, and staff who handle personal information have the knowledge, skills and commitment to protect it from unauthorised access or misuse. For more information, refer to the Member PDS or www.mediasuper.com.au.

WHAT HAPPENS IF YOuR EMPLOYEE DIES?For information on Beneficiaries, see Part 1 of the Member PDS, page 45.

ELIgIbLE TEMPORARY RESIDENTSFor information on temporary residents, see Part 1 of the Member PDS, page 44.


COMPLAINTSMedia Super has a procedure in place to deal with member and employer complaints. If either you or a member have a complaint, you or they can write to the:Complaints officer media Super locked bag 1229 Wollongong NSW 2500

All employer complaints are acknowledged promptly and, in most cases, will be addressed within 45 days. Media Super will provide a written reply detailing Media Super’s decision. An employer who is dissatisfied with this decision may refer their complaint to the Financial Ombudsman Service (FOS). The FOS is an independent tribunal set up by the Federal Government to review complaints in relation to financial services provided by its members. If the FOS accepts the complaint, it will attempt to resolve the matter through conciliation. If conciliation is unsuccessful, the complaint is referred to an Adjudicator or a Panel for a determination, which is binding. The FOS can be contacted at:Mail: Financial ombudsman Service

Gpo box 3 melbourne VIC 3001

Phone: 1300 780 808 from 9am-5pm (AEST) Fax: 03 9613 6399 Email: [email protected] Web: www.fos.org.au

For information on the Superannuation Complaints Tribunal and member complaints in relation to Trustee decisions, see Part 1 of the Member PDS, page 44.

26 Forms

How to complete the forms

I want to…Apply to become a participating employerComplete the Employer application form

Enrol new employees in Media SuperComplete the Employee enrolment form

Supply choice forms to employeesuse our Standard choice form

Register for Direct DebitComplete the Employer direct debit request form

For help with completing forms, contact us on 1800 640 886.

Please return completed form to: Media Super, Locked Bag 1229, Wollongong NSW 2500OFFICE USE ONLY: MS PS MC M

SUP

2963

7

Employer details

You must complete this section and sign the completed form on page 2. Australian Business Number

Registered name of company

Trading name

Street address

State Postcode

Telephone Fax

( ) ( ) Email address

Type of business

Please complete this form in BLACK PEN and CAPITAL LETTERS. Your Employer No.

Complete and sign this form if you wish to become a participating employer of Media Super.

If you have previously registered as a Media Super employer, write your Employer No. above.

Contact person details

Please provide your contact details. Mr/Mrs/Ms/Miss/Dr

Surname

Given names

Position in company

Postal address (if different from street address above)

State Postcode

PAGE 1 OF 2

VALID FROM 1 JUNE 2009

Employer application form

Business details

Please provide details of your company’s relationship with Media Super. Date joined Media Super (DD/MM/YYYY) Date contributions commence (DD/MM/YYYY) First pay period ends (DD/MM/YYYY)

/ / / / / /Number of eligible employees at date of signing Total number of employees

Issued by the Trustee of Media Super, Media Super Limited, ABN 30 059 502 948, AFSL 230254

msup 29637_emp_app_2.indd 1 3/6/09 3:37:17 PM

Employer application form (cont.)

PAGE 2 OF 2

Declaration

Please sign and date this form, and return it to the address shown below.

I/We make this application to become a participating employer of Media Super. I/We understand that the Trust Deed of Media Super, as amended from time to time, is available upon request. If accepted as a participating Media Super employer, then in consideration of the amount paid to the trustee of Media Super (receipt of which is hereby acknowledged) I/we agree to be bound by the terms and conditions of the Trust Deed. My/Our participation, and that of our employees who become members, will take effect in accordance with the particulars of the Trust Deed, the Employer Handbook (Product Disclosure Statement) and the Member Handbook (Product Disclosure Statement) Parts 1 and 2.I/We acknowledge that it is the responsibility of the employer to meet its Superannuation Guarantee obligations.I/We understand that it is the employer’s obligation to identify and comply with any applicable industrial instrument. If any applicable industrial instrument is varied to include new or amend existing superannuation provisions, and in the event Media Super is not acceptable under the variation, I/we understand that future contributions may have to be paid to the other superannuation fund as specifi ed under the industrial instrument and some or all of the benefi ts resulting from contributions paid into the fund may have to be transferred to another super fund as specifi ed in the industrial instrument.I/We confi rm that any contributions made on behalf of employees who are aged 65 or over are for employees who have worked at least 40 hours in a period of not more than 30 consecutive days during the fi nancial year when the contributions are made and/or the contributions are mandated employer contributions made pursuant to an industrial instrument.I/We have brought to the attention of the employee(s) on this application, the Privacy Disclosure Statement contained in this PDS and/or the Member Product Disclosure Statement.The PDS to which this application form is attached is dated 1 June 2009. I/We acknowledge receipt of this PDS. I/We have read

and understood the PDS and agree, consent and acknowledge the declarations, conditions and acknowledgments contained therein. I/We also acknowledge receipt of the Media Super Member Handbook (Product Disclosure Statement) Part 1 and Part 2, effective 1 June 2009. I/We declare that all details given in this application form are accurate and complete and that I/we have the power to invest in Media Super. I/We undertake to provide the trustee with any further information that it may request which relates to my/our participation in Media Super and I/we undertake that I/we will update the trustee if any of the information I/we provide changes.

PRIVACYI have read and understood the Privacy Collection Statement contained in the Media Super PDS, and consent to Media Super collecting, using, storing and disclosing personal information about me and my employees in accordance with the Privacy Collection Statement.

DIRECT MARKETINGFrom time to time, Media Super may send its employers and members communication material, also known as direct marketing material, about special offers and promotions which are available to Media Super employers and members only.

Tick this box• , if you are happy for Media Super to use your information to send you direct marketing information. YES

Tick this box• , if you DON’T want Media Super to use your personal information to send you direct marketing information. NO

Whatever you decide, you will have the opportunity to change your mind at any time.

The Employer agrees to be bound by the Trust Deed, as amended from time to time, from the date this application is accepted.

Applicant’s signature Date (DD/MM/YYYY)

x / /

Please return completed form to: Media Super, Locked Bag 1229, Wollongong NSW 2500

msup 29637_emp_app_2.indd 2 3/6/09 3:37:18 PM


SUP

2963

8

Employer details

Please complete your details in this section. Employer name

Address

State Postcode

Telephone Fax

( ) ( ) Email address


Use this form if you would like to enrol new employees who wish to join Media Super.

New employee details

Please provide details of your new employees. Please photocopy page 2 and attach it to the form if more employee detail fi elds are required.

1: Name: TFN:

Address:

Gender: M F Date of birth: / / Date joined employer: / /

Member no. (if existing member): Employer salary sacrifi ce (after tax): $

2: Name: TFN:

Address:



3: Name: TFN:

Address:



4: Name: TFN:

Address:



5: Name: TFN:

Address:



PAGE 1 OF 2


Employee enrolment form



Employee enrolment form (cont.)

PAGE 2 OF 2

New employee details (continued)

Please provide details of your new employees. Please photocopy page 2 and attach it to the form if more employee detail fi elds are required.

6: Name: TFN:

Address:



7: Name: TFN:

Address:



8: Name: TFN:

Address:



9: Name: TFN:

Address:



10: Name: TFN:

Address:



11: Name: TFN:

Address:



Individual completing form

Please complete your details in this section. Surname

Given names


x / /

RETURN THIS FORM TO YOUR EMPLOYER.DO NOT send this form to the Australian Taxation Offi ce or to your superannuation fund.OFFICE USE ONLY: MS PS MC M

SUP

2963

9

PAGE 1 OF 2


Choice of superannuation fund

Standard choice form

OPTION 1: You do not have to choose a fund If you do not make a choice, your employer’s contributions will be paid into the fund that your employer has chosen (see Part A on the reverse side of this form). This may not be the same as your current fund.Your employer’s chosen fund may be suitable for your needs. You can choose a different fund later if you like.If you do not want to choose a fund, you do not have to complete this form.

Your employer is not liable for the performance of superannuation • funds that you choose or they choose on your behalf. Do not seek fi nancial advice from your employer unless they are • licensed to provide it.

MORE INFORMATIONYou can get more information about choice of superannuation fund or superannuation in general from:

www.superchoice.gov.au• , or by phoning • 132 864.

If you do not speak English well and want to talk to an Australian Government offi cer, phone the Translating and Interpreting Service on 131 450 for help with your call.If you have a hearing or speech impairment and have access to appropriate TTY or modem equipment, phone 133 677.If you do not have access to TTY or modem equipment, phone the Speech to Speech Relay Service on 1300 555 727.

Tips for comparing fundsFees: Most funds charge fees. Differences in the fees that funds charge can have a big effect on what you may have to retire on. This effect may be more than you think, and for this reason you need to consider what fees are being charged. For example, your fi nal return could be reduced by up to 20% over 30 years if your total fees and costs amount to 2% rather than 1% (e.g. from $100,000 to $80,000). Some funds may also charge an exit fee if you leave the fund.Death and disability insurance: Your current fund may insure you against death or an illness or accident that makes you unable to return to work. Other funds may not offer insurance, or you may have to pass a medical examination before they cover you. Check if you’ll be covered in any new fund, and the costs and amount of cover, before leaving your current fund.

Investment choice: Some funds let you choose where the fund will invest your super. Some choices offer higher returns, but with a higher risk that investments may go down as well as up. Other choices offer greater security, but with lower expected returns. Choose the level of risk and return that you are comfortable with.Investment performance: Superannuation is a long-term investment for your retirement, so its investment performance needs to be judged over the long term. Short-term performance, whether good or bad, may not be repeated. There is no guarantee that a fund that has performed well in the past will do so in the future.The information you’ll need to make these checks is in each fund’s product disclosure statement, which you can get from the fund. For further information on choosing a fund, go to the website www.superchoice.gov.au or phone 132 864.

OPTION 2: Choose a fund You can choose the superannuation fund where you want your future employer contributions to be paid. Your employer is only required to accept one choice every 12 months.

STEP 1

GATHER INFORMATION – WORK OUT WHAT’S BEST FOR YOUYou will need to fi nd out what superannuation options are available to you. Find out about the features and benefi ts of your current fund, the fund chosen by your employer and any other funds you are considering. Your current fund may be different to the fund chosen by your employer.The ‘Tips’ section below highlights key issues you should consider when comparing funds.

STEP 2

WHAT DO I NEED TO TELL MY EMPLOYER?Give your employer details of your chosen fund by completing Part B of this form overleaf or by a written statement including the necessary information. This information may be provided by your chosen fund.Part A shows details of your employer’s superannuation arrangements. This includes the fund that your employer has chosen to make all future superannuation guarantee contributions to. If your employer has changed funds recently, the previous fund will also be shown. You may choose to remain in this previous fund.

STEP 3

WHAT HAPPENS TO ANY SUPERANNUATION I HAVE IN EXISTING FUNDS?Any money you have in existing funds will remain there unless you make arrangements to transfer it (roll over) to another fund. Check the impact of any exit fees or benefi ts that you may lose before leaving the fund. Your employer cannot do this for you.

Please complete this form in BLACK PEN and CAPITAL LETTERS. Your Member No.

RETURN THIS FORM TO YOUR EMPLOYER.

Have you previously registered as a member of Media Super? YES NO

Are you a current member of Media Super? YES NO


RETURN THIS FORM TO YOUR EMPLOYER.DO NOT send this form to the Australian Taxation Offi ce or to your superannuation fund.

Standard choice form (cont.)

Part C: Employer to complete

Date accepted (DD/MM/YY) Date processed (DD/MM/YY)

/ / / /

Part A: Employer to complete

Give this form to your employee after you have completed Part A.

1. Employer name

2. Employer Superannuation Guarantee contributions will be made to the following fund:Fund name Superannuation product identifi cation number (if applicable)

M E D I A S U P E R P I N 0 1 0 0 A U

To access the product disclosure statement for this fund (if applicable) phone 1 8 0 0 6 4 0 8 8 6

Or visit the fund’s website W W W . M E D I A S U P E R . C O M . A U

3. Employer Superannuation Guarantee contributions have previously been made to (if a different fund to 2 above):If the employer fund has not changed, please write ‘as above’ in ‘Fund name’ box below.Fund name Superannuation product identifi cation number (if applicable)

To access the product disclosure statement for this fund (if applicable), phone

Or visit the fund’s website

4. Employer contributionsAre superannuation contributions for the employees currently made at a higher level than the required 9%? YES NOIf ‘Yes’, will superannuation contributions continue at this higher level if the employee chooses a fundother than the fund named in Part A Question 2? YES NO

Note that this statement does not alter an employer’s legal obligations (if any) relating to future payments.

Part B: Employee to complete

Only complete this section if you are making a choice.

1. I request that all future Superannuation Guarantee contributions be made to:

My employer’s previous superannuation fund named in Part A Question 3. Go to Question 4 below.

My own choice of fund. Complete Questions 2, 3 and 4 below.

2. My chosen fund details:Fund name Membership No. (if applicable)

Superannuation product identifi cation number (if applicable) Telephone

Account name Fund Australian Business Number (ABN) (if applicable)

3. I have attached:

A letter from the Trustee of the fund named in Part B Question 2 stating that this is a complying fund, and (for a self-managed superannuation fund) a copy of documentation from the Australian Taxation Offi ce confi rming that the Fund is regulated, and

Written evidence from the fund that they will accept contributions from my employer, and

Details about how my employer can make contributions to this fund.

4. Employee name Employee number (if applicable)


x / /

PAGE 2 OF 2

Information for employers:

How you can make contributions to Media Super

Media Super’s easy pay options for employers

With Media Super, there are four ways in which you can process and pay your employees’ super contributions. Each option offers unique advantages depending on the size of your business and the structure of your payroll system.

CONTRIBUTION OPTION ADVANTAGES SUITABLE FOR: PAYMENTS CAN BE MADE VIA:

1. Online accountSubmit contributions via the secure Employers section of the Media Super website at www.mediasuper.com.au.

Simple to use and secure.• System allows you to modify • employee contribution amount details electronically and to view a history of the contribution advices that you have submitted to Media Super.

1 to 30 employees• Cheque made payable to • Media Super and sent to: Locked Bag 1229 Wollongong NSW 2500Electronic Funds Transfer • (EFT) / Direct DepositDirect Debit•

2. Payroll linkReport your contributions using popular payroll systems. Completed fi les are submitted via Media Super’s website www.mediasuper.com.au.

Upload directly from your payroll • system, saving you time and effort.Minimises the chance of errors, • as data is copied straight from your system to Media Super.

Any number of • employees

Cheque made payable to • Media Super and sent to: Locked Bag 1229 Wollongong NSW 2500Electronic Funds Transfer • (EFT) / Direct DepositDirect Debit•

3. Microsoft ExcelTM spreadsheetThis spreadsheet can be downloaded from the secure Employers section of the Media Super website at www.mediasuper.com.au and saved onto your PC. Completed fi les can be submitted via the Media Super website.

Easy to use – popular software • application that many employers are familiar with.Media Super can send you a • pre-formatted sheet with user instructions to get you started at no cost.

Any number of • employees

Cheque made payable to • Media Super and sent to: Locked Bag 1229 Wollongong NSW 2500Electronic Funds Transfer • (EFT) /Direct DepositDirect Debit•

4. Paper-basedUse Media Super’s Contribution Advice or your own internally produced report.

Easy to use.• Good for small employers who • do not have Internet access or a computerised payroll system, or for those who would prefer to use a manual form.

1 to 30 employees• Cheque made payable to • Media Super and sent to: Locked Bag 1229 Wollongong NSW 2500Electronic Funds Transfer • (EFT) / Direct DepositDirect Debit•

For more information on any of these options, phone Media Super on 1800 640 886 or visit our website at www.mediasuper.com.au.

RETURN THIS FORM TO YOUR EMPLOYER.DO NOT send this form to the Australian Taxation Offi ce or to your superannuation fund.

Complying fund letter

1 June 2009

To whom it may concern

Media Super is a complying, resident, regulated superannuation fund under the Superannuation Industry (Supervision) Act 1993 (SIS Act) and is constituted under a trust deed dated 28 January 1981, as amended from time to time. The trustee of Media Super is Media Super Limited ABN 30 059 502 948 (Trustee).Media Super meets the minimum insurance standards required to be considered a default fund under the member super choice laws.In the event that Media Super’s complying status is revoked, the Trustee would receive notice to that effect under section 63 of the SIS Act. This would mean Media Super could not receive any further contributions. The Trustee confi rms that it has not received nor does it expect to receive any such notice.

FUND DETAILSFund Name: Media SuperAustralian Business Number (ABN): 42 574 421 650Superannuation Product Identifi cation Number (SPIN): PIN0100AUFund Contact Details: Locked Bag 1229 Wollongong NSW 2500 Telephone: 1800 640 886 Facsimile: 1800 246 707 Website: www.mediasuper.com.au

Media Super is able to accept contributions from employers on behalf of their employees. Details of how an employer can make contributions to Media Super are detailed overleaf.

Yours faithfully,

Ross MartinFor and on behalf of the TrusteeMedia Super Limited


SUP

2964

0

Section 2: Contact person details

Please provide the details of your company’s contact person here. Mr/Mrs/Ms/Miss/Dr

Surname

Given names

Email address


To register for Direct Debit, you need to complete all four sections of this form and send it directly to the address below.

Section 1: Employer details

You must complete this section and sign the completed form after reading the Direct Debit Service Agreement on page 3. Employer name

Business address

State Postcode

Month deductions to commence

/Work phone number

PAGE 1 OF 4


Employer direct debit request form

Section 3: Details of the account to be debited

Please provide your account details here.

Name of fi nancial institution

Address of fi nancial institution

State Postcode

Account name (please note that the account you nominate must be your own personal or a joint account to which you are a party)

BSB number Account number

–


Employer direct debit request form (cont.)

Section 4: Business / Company details

Please sign and date this form, and return it to the address shown below.1. Surname (person 1)

Given name (person 1)

2. Surname (person 2 – to be completed for Joint Accounts)

Given name (person 2 – to be completed for Joint Accounts)

Company name

Australian Business Number (ABN)

I authorise Media Super Limited ABN 30 059 502 948 as Trustee for Media Super (User Id No 063705) to arrange for funds to be debited from my/our account at the fi nancial institution identifi ed on page 1 and prescribed through the Bulk Electronic Clearing System (BECS). This authorisation is to remain in force in accordance with the terms described in the Direct Debit Service Agreement on the following page.


x / /

Signature of joint account holder (if applicable) Date (DD/MM/YYYY)

x / /

PAGE 2 OF 4Please return completed form to: Media Super, Locked Bag 1229, Wollongong NSW 2500


Direct Debit Service AgreementWHY AN AGREEMENT?Through the Direct Debit Request (DDR), you are allowing us to debit amounts from your bank* account. The amount we will debit your account depends on your contribution details for the payment period and what you instructed us to do.

IF MEDIA SUPER WANTS TO CHANGE THIS AGREEMENTWe will notify you at least 14 days before making any changes to this agreement.

IF YOU WANT TO CHANGE YOUR DIRECT DEBIT OR MAKE AN ENQUIRYPlease contact our customer service staff (see details below) if you wish to:

Delay or change your direct debit• – you need to advise us at least three days before the date we are due to debit your account, orCancel the DDR• – you need to advise us at least three days before the date we are due to debit your bank account, orDispute a debit that has been made from your bank account • – Media Super will respond to your dispute within fi ve business days.

DEDUCTION DUE DATEDeductions are made on the 20th day of the month. The correct deduction will be debited from your nominated account when we receive your contribution details each payment period. If we receive this agreement after the 20th of the nominated commencement month, the earliest deduction for the agreement will be the 20th day of the next calendar month.

WEEKENDS AND PUBLIC HOLIDAYSWhen the due date falls on a weekend or public holiday, we will debit your account on the next business day.

INTERNET DIRECT DEBIT REQUEST If you have applied for internet access and intend to use the Direct Debit option for payment of your contributions, then the date we will debit your bank account will be the business day following the date of your internet request.

MAKE SURE YOU HAVE ENOUGH MONEY IN YOUR ACCOUNTYou are responsible for ensuring that your payments meet the requirements of the relevant Award, Agreement or Act under which you are required to contribute to Media Super.You should make sure that you always have enough cleared funds in your account for us to debit your account.If there isn’t enough money (that is, cleared funds) in your account, we will still make the debit. But if your bank dishonours the debit, we may pass on to you any dishonour fees and/or any costs incurred by Media Super.

PRIVACYWe will keep your bank account details confi dential except when a Court Order applies, if Media Super’s bank needs information about your account, or if you give us permission to reveal your bank details. Media Super handles personal information from you and your employees in accordance with the National Privacy Principles. Media Super’s Privacy Policy is available from the Media Super website or directly from Media Super’s Privacy Offi cer, who can be contacted as follows:Privacy Offi cerMedia SuperPO Box Q294QVB NSW 1230Phone: 02 9238 2555Fax: 02 9238 2550Email: [email protected]: www.mediasuper.com.au

CHECK THAT YOU GIVE US YOUR CORRECT DETAILSBefore completing the Media Super Direct debit request form, please check with your bank that:

your bank account accepts direct debiting, as some accounts • don’t, and the account number and BSB you give us is correct (refer to • your bank statement or contact your bank, if necessary).

* Please note that where we talk about ‘bank’, this could also mean other fi nancial institutions.

Our customer service staff can be contacted weekdaysfrom 8.30am to 5.30pm (AEST) on:Freecall 1800 640 886

PAGE 3 OF 4

This page has been left blank intentionally.

Extra benefits for your employeesAs Media Super members, your employees can access a range of helpful and cost effective services such as the ones listed below.

bANKINgAs a member of Media Super you have access to Super Members Home Loans, a range of discounted home loans provided by Members Equity Bank.The Super Members Home Loan range was created in 1994 to provide working Australians with access to home loans. Today, the SMHL is one of a range of low-cost banking products offered by Members Equity Bank.Other products include the InterestME Savings Account, Online Savings Account, Personal Loans, Term Deposits and the ME Mastercard.

FINANCIAL PLANNINgIndustry Fund Financial Planning (IFFP) can provide you with financial planning advice regarding your super. This service can help you navigate all of your super decisions, including:

Which investment option is right for me? How much can I salary sacrifice? I’m retiring soon – what should I do with my super? How much tax will I pay if I take my super as a lump sum vs a pension in retirement?

How can I use my super to maximise the Government Age Pension?

I’ve heard you can keep working and access your super through a transition to retirement pension if you’re aged over 55. Does this apply to me?

How much insurance cover should I have?

Our financial planners can also offer financial advice on issues other than super – including full financial plans. IFFP does not accept commissions to recommend any particular product or service and operate on a fee-for-service basis. This means the cost for your financial advice is based only on the amount of time and work that needs to be done, not the amount of money you have to invest.

Your first one-hour appointment with an IFFP financial planner is free of charge and obligation. If you then wish to seek financial advice, a full quote disclosing all costs is provided to you for approval before hand.

No hidden charges, no commissions and no ongoing fees.

Please note: The information detailed in this section is provided by the service providers and not the Media Super Trustee.

To find out more: Visit www.membersequitybank.com.au or phone 131 563.

To find out more: How our financial planners can help you, contact IFFP on 1300 138 848 or visit www.iffp.com.au.

39

* The comparison shows projected outcomes, applying current fees for Media Super’s balanced investment option and today’s average fees of a sample of 16 Retail Master Trusts over 30 years. Differences in fees may change in the future and this would alter the outcome.

The amounts are not predictions or estimates of actual outcomes. Outcomes will vary between individual funds. Research and modelling current at 31 March 2009 by SuperRatings, commissioned by Media Super.

Above example is a comparison of two employees that assumes same starting account balance of $50,000; same income of $58,000; 2.5% inflation rate; 3.5% salary increase per annum; 9% superannuation guarantee contributions; no additional salary sacrifice or voluntary contributions; 15% contributions tax; employer asset sizes accumulated at 11.6% per annum; investment return of 7.225% (gross of taxes and fees at 8.5%, but with taxes of 15% deducted); explicit costs deducted from members’ accounts (e.g. member fees) subject to a 15% tax allowance; contribution fees, entry fees, exit fees, additional adviser fees are excluded from calculations; employer asset size $150,000. Consider your own objectives, financial situation and needs before making a decision about superannuation, because they are not taken into account in this information. You should consider the Product Disclosure Statement as a whole before making an investment decision.

Publ

icity

Wor

ks 0

3 93

47 3

755

MSU

P 28

995

Average Media Super member

Average retail master trust member

both members in this example are on the same income, are the same age and make the same super contributions – but look at what current fee differences could mean over 30 years.*

Compare the pair

HOW TO COnTACT uSmail: Media Super Limited Locked Bag 1229, Wollongong NSW 2500phone: 1800 640 886Fax: 1800 246 707 email: [email protected]: www.mediasuper.com.au

folio jr - media super employer pds

Documents

artists printing machinists

upartists machinists