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REST PensionProduct Disclosure Statement and forms

Effective 1 October 2015

Issued by Retail Employees Superannuation Pty Limited (Trustee) ABN 39 001 987 739 AFSL 240003 Retail Employees Superannuation Trust ABN 62 653 671 394 Unique Superannuation Identifier RES0102AU

rest.com.au 1300 305 778

1. Why join REST Pension? 3

2. How REST Pension works? 5

Are you eligible? 5

Current REST members 5

Members new to REST 5

Investment choice overview 5

Payment options 6

Estate planning decisions 7

3. Fees and other costs 9

Investment fees 9

Administration fee 9

Other costs 9

4. Investment options and risk 14

5. Tax implications 20

6. Centrelink implications 22

7. Other important information 23

8. Forms 28

Checklist for REST Pension application 29

Application form

Rollover initiation request form

Transfer part of your superannuation form

TFN declaration form

Contents

Who is REST’s Trustee?This Product Disclosure Statement (PDS) has been issued by the Trustee company, Retail Employees Superannuation Pty Limited, Australian Business Number (ABN) 39 001 987 739, Australian Financial Services Licence (AFSL) 240003, referred to in this PDS as ‘the Trustee’, ‘we’, ‘our’, ‘us’ or ‘REST’. REST Pension is a product of the Retail Employes Superannuation Trust ABN 62 653 671 394 (The Fund).

The Trustee’s registered address is Level 7, 50 Carrington Street, Sydney NSW 2000, postal address: Locked Bag 5042, Parramatta NSW 2124. The Trustee maintains professional indemnity insurance. REST is administered by Australian Administration Services Pty Ltd (AAS), ABN 62 003 429 114, referred to in the PDS as REST Pension Customer Service. REST Pension Customer Service personnel are not representatives of the Trustee. Any general financial product advice given by REST Pension Customer Service personnel is provided by AAS.

Important noticeThis PDS should not be used as a substitute for personal financial advice. The PDS intends to provide information, not advice. This PDS was prepared without taking into account your individual objectives, financial situation or needs. Accordingly, before acting on the contents of this PDS, you should consider whether it is appropriate to you, having regard to your objectives, financial situation and needs.

You should read the PDS in its entirety before making any decision in connection with this product.

REST is governed by a trust deed. As a member you will be bound by the terms of the trust deed and its rules, which may be amended, subject to superannuation law. The trust deed and rules provide for many of the rights, duties and responsibilities of the Trustee, members, other beneficiaries and employers.

There is currently some uncertainty about the terms of the trust deed for the Fund. The Trustee is seeking to confirm the terms of the trust deed in the Supreme Court of South Australia. This might mean that the terms of the trust deed will change. The Trustee does not think that any changes or the court proceedings will have any practical effect on members or on our administration of the Fund.

If you are printing an electronic copy of this PDS, you must print all pages, including the application forms. An electronic copy of the PDS can be downloaded at rest.com.au/pensionpds A paper copy of the PDS, the trust deed, and any supplementary documents can be obtained free of charge on request by contacting REST Pension Customer Service on 1300 305 778.

Up to date informationThe information contained in this PDS is up to date at the time of preparation. Some of the information may also be subject to change without notice, such as information about other management costs, other fees or the investment strategy or asset allocation of a particular investment option. The Trustee will issue a supplementary or replacement PDS if there is a materially adverse omission or change to information in the PDS. From time to time there may be changes to non-materially adverse information which may be updated through member communications or on our website at rest.com.au/governance, other than the PDS. Non-materially adverse updated information, including a paper copy, can be obtained free of charge from REST Pension Customer Service on 1300 305 778 (between 8am and 6pm, weekdays) or the REST website, rest.com.au

Who can invest?The invitation to invest in this product is only available to persons receiving the PDS in Australia. It is not made, directly or indirectly, to persons in any other country. The issuer is not bound to accept an application for this product.

2

What is a pension?The type of pension explained in this Product Disclosure Statement (PDS) is an account-based pension or income stream offered by a super fund.

An account-based pension works like this:

• you put superannuation money into it• your money is invested in your choice of investment

option(s), which generates a tax-free return• you receive a regular income based on the level you

choose (within limits set by the government).

Great benefits, whether you’re retired or still workingIf you’re retired, REST Pension could help you:

• invest in a tax-effective way• manage your income and spending• seek to maximise the length of time your super lasts. If you’re still working, REST Pension could help you:• boost your super in the lead-up to retirement, or • scale back your work hours without reducing

your income.

REST is an award-winning fundREST is proud to have been recognised by the industry for the value and service we offer to members. For further information about the awards won by REST, please go to rest.com.au/ourawards

Advice when you need itObtaining personal financial advice about your retirement plans when you need it is important. REST can put you in touch with Money Solutions2. Once you are a REST member, and subject to superannuation law we will pay for your first, single superannuation or pension related question over the phone with a Money Solutions Coach.

You can contact REST Pension Customer Service on 1300 305 778 to be put through to a Money Solutions Coach.

Communicating with RESTYou can keep track of your REST Pension 24/7 via the secure website, MemberAccess at rest.com.au

When you join REST Pension, we will send you a unique REST Pension member number. Use this number to register online for a password that allows you to login to MemberAccess.

You can receive most of your member communications electronically by setting up your communication preferences via the ‘Personal details’ tab under the ‘Member’ tab.

Selecting eStatements means you will receive your annual member statement earlier than the paper copy, and you will also have instant online access to your statement history. Going paperless also keeps the clutter out of your letterbox, helps the environment, and also helps the Trustee to keep costs down.

Login to MemberAccess to:

• view your account balance• view and update your account details• update your personal details• check your nominated beneficiary details• change your non-binding beneficiary nomination• view your asset allocation• view transaction history• make an investment switch• change your pension payment amount or frequency• make a lump sum withdrawal3.

1. Why join REST Pension?

REST has been helping Australians build their retirement savings for more than 25 years. Today with around 2 million members and more than $37 billion in funds under management, REST is one of the largest super funds in Australia – around one in six Australian workers1 is a REST member.

1. Number of working Australians sourced from Australian Bureau of Statistics 2015, Labour force, Australia, ‘Summary - June 2015 Key Figures’, cat. no. 6202.0, viewed in July 2015.

2. Money Solutions Pty Limited ABN 36 105 811 836, AFSL No. 258145. Money Solutions personnel are not representatives of the REST Trustee. Any financial product advice given by Money Solutions is provided under the Money Solutions AFSL. The Trustee does not accept liability for any loss or damage incurred by any person as a result of using products or services provided by Money Solutions.

3. In MemberAccess, account-based pension members can make partial withdrawals of between $1,000 and $10,000 (excluding Transition to Retirement pensions).

REST Pension Product Disclosure Statement | 3

Tax and Centrelink implications

What tax will I pay? If you’re 60 and over, your pension income is completely tax free. If you’re under 60, your pension income may provide you with some tax advantages.

See page 20

Will I receive favourable Centrelink treatment?

Income and asset tests are used to determine any income support payment from the Government such as the Age Pension. Your REST Pension will be included in the income test.

See page 22

Investments

Investment fee (not directly deducted from your account)

Estimates of between 0.04% pa to 0.76% pa, including estimated performance fees of up to 0.13% pa.

See page 12

Establishment fee, Switching fee, Exit fee, Withdrawal fee

Nil See page 9

How can my money be invested?

You have the choice of 13 investment options in your REST Pension and you can nominate which options your transactions, including pension payment, will come from.

See page 16

Fees and costs

Administration fee $1.25 per week, plus a yearly asset based fee based on your account balance.

See page 9

Asset based feeAccount balance Yearly asset based fee

First $300,000 0.18%

Next $500,000 0.12%

Portion over $800,000 0.00%

Yearly asset based fee is capped at $1,140

See page 9

Estate planning decisions

What happens if I die? (Beneficiary nominations)

To help with estate planning, REST Pension offers three types of beneficiary nominations, so you can choose who benefits from your pension in the event of your death.

See page 7

Account and payments

How often can I receive payments?

You can choose to receive income payments: twice a month, monthly, quarterly, half yearly or yearly.

See page 6

How much are the payments?

You can choose how much you get paid, subject to minimums set by the government. There is also a maximum amount if you choose the ‘Transition to Retirement’ option.

See page 6

Can I put extra money in once it has started?

No, although you can start an additional REST Pension, provided you have at least $10,000 to invest.

See page 6

Are you eligible?

How much do I need? A minimum of $10,000 to invest. See page 5

Who can join? Find out if you meet the eligibility conditions. See page 5

Already a REST member? Find out how to move from your current REST account to REST Pension.

See page 5

Snapshot of REST Pension

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Are you eligible? Answering these questions will help you determine if you’re eligible to start a REST Pension.In all cases, you need a minimum of $10,000 to commence a REST Pension.

Have you reached ‘preservation age’?

Your preservation age depends on when you were born

Date of birth Preservation age

Before 1 July 1960 55

1 July 1960 to 30 June 1961 56

1 July 1961 to 30 June 1962 57

1 July 1962 to 30 June 1963 58

1 July 1963 to 30 June 1964 59

1 July 1964 or after 60

The above table will help you determine your ‘preservation age’ – the age at which you may be able to access some of your super.

If you have not reached your preservation age, but have satisfied another condition of release, you may be eligible to transfer your super to REST Pension.

If you have not reached your preservation age, you are not eligible for a REST Pension unless you have a super benefit that can be cashed for other reasons. Please refer to ‘Other super benefits that could be used to start a REST Pension’ below.

What is your retirement status?I’ve permanently retired and reached my preservation age• You are eligible to start a REST Pension.I’m not yet retired.• If you are 65 years or over, you are eligible to start

a REST Pension.• If you are aged 60 to 64 and leave or change

employment, you are eligible to start a REST Pension.• If you have reached your preservation age and do not

intend to work 10 hours or more per week ever again, you are eligible to start a REST Pension.

• If you have reached preservation age but you’re not retired and don’t fall within one of the three bullet points immediately above, then you can start your REST Pension as a ‘Transition to Retirement pension*’.

* Please note if you are transferring your benefits from another REST or Acumen account to start a REST Pension account, you must keep at least $5,000 in your superannuation account.

Other super benefits that could be used to start a REST Pension

If you’ve got at least $10,000 of ‘unrestricted non-preserved’ super, you can start a REST Pension, regardless of your age and retirement status.

For example, a payment to the beneficiary of a Death or Total and Permanent Disablement (TPD) benefit.

If you’ve received a superannuation death or TPD benefit, this money becomes classified as ‘unrestricted non-preserved’ while remaining in the super fund.

There are also some other ways you may have acquired ‘unrestricted non-preserved’ super, and you can check if you do on your latest statement or by calling your super fund.

Are you over the preservation age?If you are aged over the preservation age, less than 65 but are not ready to retire, you may wish to talk to a financial adviser because a REST Transition to Retirement Pension could help you:• work less but maintain your current income• boost your super so you have more money when

you finally retire.

Are you currently a REST member?REST Pension will be created as a separate account to your existing REST super account. Therefore you will still be required to fill out the application form. If you do not change your investment option from your current super selection, then you will be invested in the same options and will not need to fill in the ‘Opening balance’ part in section 4 of the application form.

Members new to RESTPlease read this PDS carefully and ensure you understand all the facts before making any decision. The Snapshot of REST Pension on page 4 will help to provide an overview of the product and the Checklist for REST Pension Application on page 29 will help you with the application process.

Investment choice overview Which investment choice will best suit you? This will depend on your investment timeframe, financial goals and what level of risk you are comfortable with. REST offers 13 investment options for you to choose from, with different levels of risk and potential return.

Existing REST members will commence REST Pension with the current investments held in their existing account, rounded to the nearest whole percentage unless you advise otherwise.

What can I invest in?You may invest in a single option or in a mix of the Core Strategy, Structured and Member-tailored options.

If you have elected to build your own portfolio, you may need to regularly review and occasionally rebalance your investments to ensure they continue to reflect your preferred asset allocation. Refer to page 14 for a full explanation of the investment options.

Unsure about your investment choices?If you are new to REST and don’t want to make a choice or just need more time to think about your options, we will invest your savings in REST Pension’s default investment option – the Balanced option.

We recommend you obtain professional financial advice from a licensed financial adviser before making an investment decision. A licensed financial adviser can help you make investment decisions based on your individual circumstances.

REST can put you in touch with Money Solutions. Once you are a REST member, subject to superannuation law, we will pay for your first, single superannuation or pension related question over the phone with a Money Solutions Coach. See ‘Advice when you need it’ on page 3 for more information.

Can I change my investment choice?Yes, you have the option to change your investment choice at any time. Your switch will become effective in accordance with the terms on ‘How to switch an investment option’ on rest.com.au/investments

If you switch online you will receive a confirmation page that you can print. You will also receive confirmation in writing once your switch is processed.

2. How REST Pension works


2. How REST Pension works (continued)

You can switch your investment options at rest.com.au by logging into your MemberAccess account using your password. Alternatively you can use the ‘Application to make an investment choice – REST Pension’ form, which you can download from our website or call REST Pension Customer Service on 1300 305 778.

How do I create my own portfolio?You can create your own portfolio by choosing the percentages of one or more investment options. Your selected percentages must total 100%. Your money will stay in your selected investment option(s) until you switch it to another option(s).

If you invest in more than one investment option, you can select which options and in what proportions your pension payments, fees and charges are deducted.

You can nominate your payment choice under ‘Future transaction’ in ‘Section 4: How would you like to invest the money?’ of the application form*.

For example, if you are invested 80% in the Balanced option and 20% in the Cash option, you may choose to have all your pension payments, fees and charges deducted from just one option like the Cash option. If the account balance in this option runs out, payments will be deducted proportionally from across your other investment options. You will need to monitor these deductions to ensure your payments continue to be made from the option you prefer. If you do not make a nomination, that’s OK too. Payments will be deducted proportionally from each investment option.

Payment optionsREST Pension provides flexible options regarding how much, when and how you would like to be paid.

How much would you like to be paid?You can choose how much you would like to be paid, subject to a minimum amount* applicable to all pensions, and a maximum amount applicable only if you’re taking the ‘Transition to Retirement’ option.

You can change your choice at any time, as long as you remain between the following limits.

Minimum limit Your pension payments must be at least equal to the minimum limit set by the government and will continue until your account balance runs out. These limits are:

Minimum pension payment limits

Your age on 1 July or commencement of pension

Percentage of account balance on 1 July or commencement of pension

Under 65 4%65 -74 5%75 – 79 6%80 – 84 7%85 – 89 9%90 – 94 11%95 or older 14%

If your pension commences part way through the financial year your minimum payment in the first year will be pro-rated.

Should your total pension payments fall short of the minimum required, an additional payment will be made prior to 30 June to ensure the minimum amount is paid.

Both pension payments and lump sum withdrawals are counted towards the minimum limit. Maximum limitThere is no maximum limit that you can withdraw from your pension account, unless you select the ‘Transition to Retirement’ option.

Under the ‘Transition to Retirement’ option, the maximum limit is 10% of your pension account balance at the start of the financial year (or when your pension started, if later). Once you reach your maximum payment amount for a year, no further amounts can be paid during that year.

The maximum limit ceases to apply once you reach age 65 or reach your preservation age and you inform us you have permanently retired (see ‘Are you eligible?’ section on page 5).

How would you like to receive your payments? Your pension payments must be credited to your nominated bank, building society or credit union account.

Which investment option would you like your payment to come out of?If you have more than one investment option, your payment will be deducted from the investment options that you either have selected in Section 4 of the Application form or the investment options you had in your previous REST super account.

If your selected future transaction investment options do not have sufficient funds, the payment will be proportioned across your current investment options.

You may change your future transaction investment options at any time by notifying us. For more information, please refer to ‘Can I change my investment choice?’ on page 5.

When would you like to be paid?You can choose for your pension to be paid twice a month, monthly, quarterly, half yearly or yearly. If you choose to be paid:

Twice a month

Payments will usually be processed on the 5th and the 20th of each month.

Monthly Payments will usually be processed on the 20th of the month.

Quarterly Payments will usually be processed on the 20th of January, April, July and October.

Half-yearly or yearly

You need to nominate the month(s) in which you wish to be paid. Payments will usually be processed on the 20th day of the nominated months.

If the usual date of payment is not a business day, your payment will generally be processed on the previous business day. Pension payments usually take only one business day to be credited to your bank account. It may take slightly longer where your account is with a building society or credit union.

If you start your pension between 1 June and 30 June, you can nominate to be paid in that financial year or wait until the next financial year.

You can change the amount and frequency of your pension payments online in MemberAccess at rest.com.au Alternatively, you can write to REST Pension Customer Service and the request needs to be received by REST no later than three business days before the next payment date.

* Please note restrictions apply to the Property Option. See the ‘Other important information’ section on page 24.

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Making one-off withdrawalsIn addition to making your regular pension payments, you may be able to make a one-off withdrawal at any time^§. Under the ‘Transition to Retirement’ option, lump sum withdrawals are only permissible in very limited circumstances. However, you may be able to make a lump sum withdrawal from the unrestricted non-preserved benefit of your pension account. Importantly, this withdrawal will count towards your minimum annual pension payment amount but will not count towards the maximum annual pension payment limit under the Transition to Retirement option.

You can make partial withdrawals online in MemberAccess§#.

Once your account balance goes below $1,000 your account will be closed, we’ll notify you and pay the remainder of your account into your nominated bank account.^ If you want to withdraw an amount that would leave your account

with insufficient funds to pay the minimum payment (see previous page) for that year, then you first have to draw the minimum pension payment before making your one- off withdrawal

§ Excluding Transition to Retirement pensions# In MemberAccess, account-based pension members can make

withdrawals of between $1,000 and $10,000.

Switches and withdrawals may be delayedWe may delay or suspend switches or withdrawals from your account if:

• there are delays by third parties in processing our requests for example, if an underlying fund delays or suspends issuing unit prices,

• a switch or withdrawal would adversely affect the fund, or

• we cannot realise sufficient assets to satisfy your payment due to circumstances outside our control for example, markets have been restricted or suspended.

The delays or suspensions of payment could be significant. We are not responsible for any losses caused by these delays.

Estate Planning DecisionsWhen you apply for a REST Pension you are asked to indicate who will receive your pension if you die before your account balance runs out and how it should be paid to them.

As it’s a very important decision, you may want to get professional advice from a lawyer or a licensed financial planner.

Nominations do not carry over from other or previous super accounts (even if you have another REST or Acumen account) so you need to make a new nomination for your REST Pension account. With REST Pension, you have three options for making a nomination.

1. Reversionary beneficiary nominationYou can only nominate a dependant (please refer to definition in the next column) as your reversionary beneficiary. If you nominate a reversionary beneficiary, your dependant will receive ongoing pension payments after you die. If you nominate a reversionary beneficiary, following your death, your dependant will have authority to manage the account in the same way as you now do (except that they cannot lodge a reversionary beneficiary nomination). You can select only one reversionary beneficiary, and you can’t change or delete your nomination.

Legal personal representative refers to the person who is legally recognised to manage your affairs in the event of your death (ie the legal executor or administrator of your estate).

If you need to change or remove your reversionary beneficiary you must close the pension and commence a new pension. If your pension started prior to 1 January 2015 and you were exempt from the deeming rules, your new pension if commenced from 1 January 2015 or after will not be exempt from the deeming rules.

If you nominate a reversionary beneficiary, they must also be alive and be your dependant at time of your death, otherwise the nomination will be invalid and the Trustee will decide to pay your money to your dependant or to your legal personal representative (estate). Please refer to the definition above.

You can nominate your child to be your reversionary beneficiary in certain circumstances, although there are restrictions over how and when they can receive payments. Please refer to below for further information.

2. Non-lapsing binding beneficiary nomination These are nominations that REST, subject to REST consenting to the nomination, must follow, and that do not lapse after any period of time. Therefore, if you make one of these nominations, it is important to update it if your circumstances change, otherwise your money may not be paid as you would prefer.

REST will still have discretion over your death payment to pay your money to your dependant(s) or to your legal personal representative (estate) if your non-lapsing binding death nomination is invalid, or if the beneficiary you nominated was not a dependant at the time of your death.

REST will write to you if it does not accept your non-lapsing binding death nomination and give you the opportunity to make a new non-lapsing binding death nomination.

3. Non-binding beneficiary nomination A non-binding beneficiary nomination will indicate your beneficiary preference and is important in helping REST determine who should receive your money. However, the Trustee has absolute discretion to pay your money to your dependant(s) or to your legal personal representative (estate) but will take into account your nomination. Your beneficiary should be a dependant or your legal personal representative (estate). Please refer to the definition above.

Information about nominating a beneficiaryFollowing is some additional information for members who are considering nominating a child as a reversionary beneficiary, or require information about who can qualify as a ‘dependant’.

Definition of a dependant

A dependant can be:• your spouse (including de facto or same-sex spouse)• your children (including adopted, stepchild and

ex-nuptial child)• a person who is wholly or partially financially dependent

on you at the time of your death• a person with whom you have an interdependency

relationship when you die. Refer over the page for a definition of an ‘interdependency relationship’.


For tax purposes, the definition of dependant is generally the same as this definition, although a child age 18 or more is only considered dependent if they are financially dependent on you or there is an interdependency relationship.Definition of an interdependency relationship

Generally, two people have an interdependency relationship if:

• they have a close personal relationship, and• they live together, and• one or each of them provides the other with financial

support, and• one or each of them provides the other with domestic

support and personal care, or care of a type and quality normally provided in a close personal relationship, rather than by a mere friend or flatmate.

If the two people have a close relationship but do not meet the other criteria listed because either or both of them suffer from a physical, intellectual or psychiatric disability or were temporarily living apart, they may still be regarded as having an interdependency relationship.

Pets and organisations are not accepted.

Nominating your child as a reversionary beneficiary

If you choose to nominate your child as a reversionary beneficiary, there are restrictions upon when and how they can receive payments.

To be eligible to receive your money as a pension, your child, at the date of your death, must be under age 18, or between 18 and 25 and financially dependent on you.

Pension payments can only continue until they are aged 25, at which point the balance will be paid as a lump sum.

If the child is disabled (as described in the Disability Services Act 1986), there are no age restrictions and your pension payments do not have to cease. There may be social security implications if you nominate your child as a reversionary beneficiary. You should always obtain independent, quality advice before making decisions.

If you don’t make a nominationIf you do not make a nomination, REST will consider information provided by your dependants, the legal personal representative* (estate) and other relevant parties to determine who will receive your money. That’s why it’s important for you to make a nomination and keep this information up to date, especially if your circumstances change. REST will only act on a valid nomination.

Paying money to your legal personal representative (estate)If REST decides to pay your money to your legal personal representative* (estate) it will be paid as a lump sum to your estate. It will then be distributed according to the terms of your Will or the relevant intestacy legislation that applies where you resided.

To change your nominationTo change a non-binding nomination please log on to MemberAccess. To change a non-lapsing binding beneficiary nomination, please download a ‘Nomination of beneficiary’ form on our website.

Anti-detriment paymentsAn anti-detriment payment is an additional lump sum amount a beneficiary receives in addition to the account balance of the deceased member. REST will pay anti-detriment payments to spouses, former spouses and children of the deceased.

It is only payable where the death benefit is being paid out as a lump sum, and represents a refund of the 15% contributions tax levied against the deceased member’s superannuation entitlements during their lifetime.

Super funds are not required to pay anti-detriment payments under superannuation law.

2. How REST Pension works (continued)

*As defined on page 7.

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3. Fees and other costs

Consumer Advisory WarningDid you know?Small differences in both investment performance and fees and costs can have a substantial impact on your long-term returns.

For example, total annual fees and costs of 2% of your account balance, rather than 1%, could reduce your final return by up to 20% over a 30 year period (for example, reduce it from $100,000 to $80,000).

You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs.

Your employer may be able to negotiate to pay lower administration fees 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 (moneysmart.gov.au) has a superannuation fee calculator to help you check out different fee options.

Please note that the Consumer Advisory Warning is a government prescribed warning.

Lower administration fees cannot be negotiated with REST. The calculator on the ASIC website at moneysmart.gov.au can be used to calculate the effect of fees and costs on your superannuation account balance.

This document shows fees and other costs that you may be charged. These fees and other costs may be deducted from your money, from the returns on your investment or from the assets of the superannuation entity as a whole. Other fees, such as activity fees, advice fees for personal advice, and insurance fees, may also be charged, but these will depend on the nature of the activity, advice or insurance chosen by you. Taxes, insurance fees and other costs relating to insurance are set out in another part of this document. You should read all the information about fees and other costs because it is important to understand their impact on your investment.

The fees and costs for each investment option offered by the superannuation entity are set out on page 12.

REST Pension

Type of fee Amount How and when paid

Investment fee Estimates of between 0.04% to 0.76% pa, including estimated performance fees of up to 0.13% pa.

Accrued and reflected in an option’s unit price. It is not deducted directly from your account

Administration fee $1.25 per week, plus a yearly asset based fee based on your account balance.

Account balance Yearly asset based fee

First $300,000 0.18%

Next $500,000 0.12%

Portion over $800,000 0.00%

Yearly asset based fee is capped at $1,140

Administration fee including asset based fee is deducted from your account at the end of each month and is based on the value of your account on the day of deduction.

If you have more than one REST Pension, the asset based fee is calculated on the combined balance of your accounts.

Buy/sell spread Buy spread range 0.01 - 0.47%

Sell spread – 0.00%

Included in the relevant price and applied to your account or transaction as applicable at the time of the transaction.

Switching fee Nil Not applicable

Exit fee Nil Not applicable

Advice feesrelating to all members investing in a particular MySuper product or investment option

Nil Nil

Other fees and costs1

Family law split fee of $50 per split Split between your account and your spouse’s account when the split is made

Personal advice fees, if you agree a fee with Money Solutions

As agreed with Money Solutions2

Indirect cost ratio Nil Nil

1 For information regarding the definitions of the fees and costs incorporated in the table above, please refer to the ‘Additional explanation of fees and costs’ and ‘Defined fees’ section on page 10 of this document. These definitions can also be found at rest.com.au/definedfees

2 For information regarding this fee, please refer to the Additional explanation of fees and costs section on page 10 of this document.


3. Fees and other costs (continued)

Additional explanation of fees and costsAdditional explanation of fees and costsDefined fees

Defined fees

Type of fee or cost Definition

Activity fees A fee is an activity fee if:(a) the fee relates to costs incurred by the Trustee of the superannuation entity that are directly

related to an activity of the Trustee:(i) that is engaged in at the request, or with the consent, of a member; or(ii) that relates to a member and is required by law; and

(b) those costs are not otherwise charged as an administration fee, an investment fee, a buy/sell spread, a switching fee, an exit fee, an advice fee or an insurance fee.

Administration fees

An administration fee is a fee that relates to the administration or operation of the superannuation entity and includes costs incurred by the Trustee of the entity that:(a) relate to the administration or operation of the entity; and(b) are not otherwise charged as an investment fee, a buy/sell spread, a switching fee, an exit fee,

an activity fee, an advice fee or an insurance fee.

Advice fees A fee is an advice fee if:(a) the fee relates directly to costs incurred by the Trustee of the superannuation entity because

of the provision of financial product advice to a member by:(i) a Trustee of the entity; or(ii) another person acting as an employee of, or under an arrangement with,

the Trustee of the entity; and(b) those costs are not otherwise charged as an administration fee, an investment fee, a switching

fee, an exit fee, an activity fee or an insurance fee.

Buy/sell spreads A buy/sell spread is a fee to recover transaction costs incurred by the Trustee of the superannuation entity in relation to the sale and purchase of assets of the entity.

Exit fees An exit fee is a fee to recover the costs of disposing of all or part of members’ interests in the superannuation entity.

Indirect cost ratio The indirect cost ratio (ICR) for a MySuper product or an investment option offered by a superannuation entity, is the ratio of the total of the indirect costs for the MySuper product or investment option, to the total average net assets of the superannuation entity attributed to the MySuper product or investment option.Note: A dollar-based fee deducted directly from a member’s account is not included in the indirect cost ratio.

Investment fees An investment fee is a fee that relates to the investment of the assets of a superannuation entity and includes:(a) fees in payment for the exercise of care and expertise in the investment of those assets

(including performance fees); and(b) costs incurred by the Trustee of the entity that:

(i) relate to the investment of assets of the entity; and(ii) are not otherwise charged as an administration fee, a buy/sell spread, a switching fee, an

exit fee, an activity fee, an advice fee or an insurance fee.

Switching fees A switching fee is a fee to recover the costs of switching all or part of a member’s interest in the superannuation entity from one class of beneficial interest in the entity to another.

Why comparing fees is importantEvery fee you pay reduces the length of time that your retirement funds will last, so finding a fund with low fees can make a big difference to your future.

What makes REST different?As one of Australia’s largest industry super funds, our fees are low and we pay no commissions to financial advisers, planners or accountants.

Activity fee REST charges members for the following activity fee as outlined in the ‘Fees and other costs’ on page 9 of this Product Disclosure Statement.

10


Family law split fee The fee charged if we receive an order or agreement to split your superannuation with your spouse

Administration fees Following are worked examples of how the asset based fee is calculated.

Example - Administration fees

Asset based fee for an account balance of $150,000 is $150,000 x 0.18% = $270 per year

Asset based fee for an account balance of $400,000

First $300,000: $300,000 x 0.18% = $540

Next $100,000: $100,000 x 0.12% = $120

Total asset based fee: $540 + $120 = $660 per year

This example is illustrative only.

Other fees and costs The following fees and costs are charged to members as outlined in the ‘Fees and other costs’ table on page 9 of this PDS.


Personal advice fee The fee agreed between you and Money Solutions Pty Ltd (AFSL 258145) for personal superannuation advice.

Buy/sell spreads Member’s transactions may result in underlying assets being purchased or sold. These underlying asset transactions generally incur a transaction cost. Buy/sell spreads represent the estimated transaction costs, including brokerage fees and stamp duty, incurred when buying or selling underlying assets in relation to each investment option.

There will be a separate buy and sell unit price for each investment option, the difference between the prices representing the total buy/sell spread. When money is invested in an option it will generally use the buy price. When money is withdrawn from an option it will generally use the sell price.

Buy/sell spreads are not a fee paid to REST or investment managers but are used to meet underlying transaction costs when incurred. The spread charged will be an additional cost to you when you contribute or withdraw from your account, if you switch between investment options or any other transaction is processed in your account balance (for example deduction of fees or insurance fees).

If you transfer your account balance from one REST product to another (for example REST Super to REST Pension), a buy/sell spread will only apply if you also change the underlying investment options. If this occurs, your existing investment options will be transferred to REST Pension and you will be switched to your new investment options effective two business days after the transfer is finalised.

The buy/sell spreads are set by the Trustee and may change without prior notice. The spreads will be reviewed on a regular basis and available online at rest.com.au You should consider these costs when making any investment decision. For further information regarding the buy/sell spread, please refer to the ‘Buy-sell spread explained’ fact sheet available for download on rest.com.au


Example of buy/sell spreadIf you have 25,000 units invested 100% in Core Strategy and decide to switch to 100% Balanced option, the buy/sell spreads would be calculated as follows, assuming the unit prices were:

Sell price for Core Strategy $1.0500

Buy price for Balanced $2.6624

Sell price for Balanced $2.660.

Transaction type Calculation

Sell Core Strategy 25,000 units at sell price of $1.0500 25,000 x $1.0500 = $26,250.00

Buy $26,250 of Balanced units at buy price of $2.6624 per unit $26,250 / $2.6624 = 9,859.52 units

Account balance after switch: 9,859.52 units at Balanced sell price of $2.6600 per unit

9,859.52 x $2.6600 = $26,226.32

Buy/sell spread (transaction cost): initial account balance prior to switch less account balance after switch

$26,250 - $26,226.32 = $23.68

This example is illustrative only.

Investment fees Investment fees include expenses that have been paid and/or accrued such as investment management fees (including performance fees), custody fees, investment adviser fees and other investment related costs. These expenses are accrued and reflected in an option’s unit price. They are not deducted directly from your account. The investment fee is expressed as an annual percentage of each investment option.

For each investment option, the investment fees (including performance fees) listed below are estimates only, which are based on the financial year ended 30 June 2015. Actual fees applied in the future may differ (ie higher or lower) from the estimated fees and may change without prior notice. Your annual statement will disclose the actual investment fees (including performance fees) applied for the year. For the latest investment fees please refer to rest.com.au

Investment option

Estimated performance fee pa

Total estimated investment fee pa (including

performance fee)

Buy spread range Sell spread*

Core Strategy 0.10% 0.63% 0.02 - 0.18% 0%

Cash Plus 0.02% 0.14% 0.01 - 0.03% 0%

Capital Stable 0.07% 0.44% 0.03 - 0.10% 0%

Balanced 0.09% 0.56% 0.04 - 0.12% 0%

Diversified 0.12% 0.70% 0.06 - 0.13% 0%

High Growth 0.13% 0.76% 0.07 - 0.16% 0%

Basic Cash 0.00% 0.05% 0.01 - 0.03% 0%

Cash 0.00% 0.04% 0.01 - 0.03% 0%

Bond 0.00% 0.18% 0.02 - 0.05% 0%

Shares 0.08% 0.60% 0.05 - 0.10% 0%

Property 0.04% 0.58% 0.31 - 0.47% 0%

Australian Shares 0.13% 0.59% 0.04 - 0.10% 0%

Overseas Shares 0.05% 0.60% 0.05 - 0.10% 0%

* As the sell spread is 0% there is no sell spread range.

3. Fees and other costs (continued)

12

Performance feesPerformance fees are included in, and increase investment fees, but don’t affect administration fees. They are not an additional fee. Performance fees change each year and vary for each investment option. REST pays performance fees to investment managers that outperform a defined investment return objective. Performance fees can affect any REST investment option, except Basic Cash. The percentage fee investment managers receive and the investment return objectives vary.

Performance fees for each investment manager may be calculated differently. However, they all have the following common elements:

• A performance fee is only payable to a manager if they exceed a target level of return;• Performance fees are calculated and accrued regularly (generally monthly) and incorporated into the calculation

of unit prices; and• Performance fees are typically payable annually.

Fee changesAll fees and charges are current and may be revised or adjusted by REST from time to time without your consent. We may also introduce new fees. Where there is an increase in fees or charges, we will give you at least 30 days prior notice, as required by law. This excludes investment fees which the Trustee reviews regularly.

TaxTaxes are set out on page 20.

Example of annual fees and costs for the Core Strategy investment option

This table gives an example of how fees and costs for the Core Strategy investment option for this superannuation product can affect your superannuation investment over a 1 year period. You should use this table to compare this superannuation product with other superannuation products.

Example – the Core Strategy investment option Balance of $50,000

Investment fees 0.63% pa including performance fee of 0.10%

For every $50,000 you have in the Core Strategy investment option you will be charged $315 each year

PLUS Administration fees $65 pa ($1.25 per week) plus 0.18% pa of your account balance at the end of the month

And, you will be charged $65 in administration fees regardless of your balance, plus $90

PLUS Indirect costs for the Core Strategy investment option

0% And, indirect costs of $0 each year will be deducted from your investment

EQUALS Cost of product If your balance was $50,000 then for that year you will be charged fees of $470 for the Core Strategy investment option.

Note: Additional fees may apply.


Risk and return‘Risk’ means that returns might be variable (or ‘volatile’). Regardless of the investment options chosen, the value of your investment can fall as well as rise. Even where your investment does not fall in value, it may not perform according to your expectations. Risk can be minimised but it cannot be completely eliminated. There is always the chance that you may lose money on your investment. Even the most conservative investments carry some risk, but some investments are riskier than others. Generally, the higher risk an investment has, the greater its potential return. Investments like shares and property are generally considered ‘high risk’ or ‘growth’ assets.

Investments like cash and bonds are generally considered ‘low risk’ or ‘defensive’ assets. The diagram on this page indicates roughly where each of REST Pension’s investment options fits on a scale of ‘defensive’ to ‘growth’.

Please see page 25 for further information on types of assets.

It is important to consider the risks of investing in superannuation, as the decisions you make will influence whether you have enough superannuation savings to adequately provide for your retirement.

All investments have some level of risk. Super funds invest in a range of asset classes – for example, cash, bonds, property and shares – that have different levels of risk. The likely investment return, and the risk of a negative return, is different for each investment option depending on the underlying mix of assets in the relevant investment option. Assets with the highest potential return over the longer term (such as shares), generally also have the highest risk of negative returns over the short-term.

When considering your investment in super, it is important to understand that:

• the value of investment options can go up and down• future returns may differ from past returns• returns are not guaranteed, will vary, and you may lose

some of your money• superannuation, social security and laws may change

in the future• the amount of your future superannuation savings

(including contributions and returns) may not be enough to adequately provide for your retirement.

The appropriate level of risk for you will vary depending on a range of factors including your age, investment time frame, where your other assets are invested and how comfortable you are with the possibility of a negative return in some years.

Other significant risks include:• market risk – investment returns may be affected by

economic conditions, government regulations, market sentiment, international events and other factors

• company specific risk – an investment in a specific company may be affected by changes to the company such as loss of a major customer, changes in management and other internal and external factors

• currency risk – investments in international assets may be negatively affected by currency fluctuations

• interest rate risk – changes in interest rates in Australia and overseas can have a direct or indirect impact upon the value and return of all types of assets

• liquidity risk – from time to time some investments may not be easily converted to cash due to abnormal or difficult market conditions

4. Investment options and risk

REST Pension offers 13 investment options. You can decide which investment option (or combination of options) is right for you.

Growth

Asset Type

Defensive

Cash Plus

Cash

Basic Cash

Capital Stable

Balanced

Diversified

Shares

Core Strategy

HighGrowth

OverseasShares

Australian Shares

Property

Bond

Your investment choices

1 2 3 4 5 6 7Lower risk Risk band and level Higher risk

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• adequacy risk – the risk that your super savings may be insufficient to generate the retirement income that meets your retirement needs

• inflation risk – the risk that your super savings are unable to keep up with the rising cost of living over time (inflation)

• longevity risk – the risk that you will outlive your retirement savings.

What is the Standard Risk Measure telling us?The Standard Risk Measure calculates risk in terms of the likelihood of achieving a negative return in any one year ie it describes expected volatility in investment markets which is actually just one way that you could think about risk.

There’s no such thing as not taking any investment risk. The type and degree of risk will vary depending on the investments you choose. Every investment holds some level of risk. Only you know how much risk you’re comfortable with. What’s important is that you find the right balance of risk and reward to help you meet your long-term goals, regardless of what happens in the short term. Your risk tolerance depends on several factors, including your age, when you’ll need your money, your financial needs and your assets. The risk measure helps highlight the probability of the number of negative annual returns over a 20 year period. The expected chance of loss is on a before tax basis not taking into account imputation credits, and is before administration fees, but after taking account of investment management fees.

The Standard Risk Measure is not a complete assessment of all forms of investment risk. For example, it will not predict when market declines will happen, or, how long a decline will last. Importantly, it does not detail what the size of a negative return could be or take into account the potential for a positive return to be less than you may require to meet your investment objectives.

What are some different ways of thinking about risk?Many people define risk as the volatility of the markets, especially in the short run. That’s why, over the long run, your time frame is perhaps the most critical component in planning your investments.

A more complete measure of risk might be the risk that you do not save enough and invest appropriately during your working life to achieve the level of retirement income that you aspire to.

This may be due to the adequacy risk, longevity risk or inflation risk outlined above.

Adequacy and longevity risk A few factors are at play when considering the adequacy of your super savings, including your super balance, the regular income required (which might affect your withdrawal rate) and your retirement plans. A related risk is that you outlive your retirement savings required for you to live per your retirement plans.

Inflation riskOne big risk most investors face is that their purchasing power will be eroded by rising prices due to inflation. ‘Playing it safe’ and accepting lower market volatility also generally means accepting the potential for lower returns – a risky strategy if you are trying to keep up with or beat inflation. Some investment options have inflation or Consumer Price Index (CPI) included as part of their objectives, so this is worth considering when selecting the most appropriate options for your retirement needs.

Market risk If you’re close to retirement, you may not have the time to ride out a market downturn. Your tolerance for volatile returns may be lower and you may want to consider investments that historically produce smoother returns from year-to-year. However, even after you retire, you may still want to keep some of your assets in growth-oriented investments — after all, you may be retired for 10, 20 years or more.

The following pages outline REST Pension’s investment options in detail. This information will help you compare the different investment options so you can make an informed investment choice that’s right for you.

The investment return objectives quoted on pages 16 to 19 of this document are not guaranteed.

Your investment in REST is not guaranteed, and it can rise or fall in value. The returns indicated for each investment option reflect past performance of investment markets that may not be repeated in the future. Past performance is not an indication of future performance. You should consider obtaining financial advice before making a decision.


Core Strategy Structured options

Cash Plus Capital Stable Balanced Diversified High Growth

Aim1 To achieve a balance of risk and return by investing in both growth assets and defensive assets

Maintain the purchasing power of the funds invested by earning a slightly higher return on cash while minimising the risk of any capital loss

A stable pattern of returns that at the same time maintains a low probability of a negative return in any 1 year

A good balance of risk and return by investing in approximately equal proportions of growth assets and defensive assets

Strong returns over the longer term by investing in a diversified mix of assets weighted towards shares and other growth assets

Maximise returns over the long-term by investing predominantly in growth assets

Investmentreturn objective2

CPI + 3% pa over the long-term (rolling 10 year period)

Outperform the Bloomberg AusBond Bank Bill Index over the short term (rolling 2 year period)

CPI + 1% pa over the medium-term (rolling 4 year period)



CPI + 4% pa over the very long-term (rolling 12 year period)

Asset allocation3

22% defensive, 78% growthA mix of shares and bonds (both Australian and overseas), property, infrastructure, alternative assets and cash

6%11%

19%

29%

6%

10%

13%

6%

Cash securities 6% (0-25%) Bonds 6% (5-75%) Defensive alternatives 10% (0-25%) Growth alternatives 13% (0-25%) Infrastructure 6% (0-15%) Property 11% (0-25%) Australian shares 19% (15-45%) Overseas shares 29% (5-35%)

100% defensiveCash plus a small allocation to Defensive Alternatives. Cash consists of a portfolio of securities with a low level of interest rate risk (12 months or less), including bank deposits, bank bills, commercial paper and floating rate notes, for example, residential mortgage backed securities

10% 90%

Cash securities 90% Defensive alternatives 10%

62% defensive, 38% growthMainly bonds (both Australian and overseas) and cash, with smaller proportions of shares (both Australian and overseas), property, infrastructure and alternative assets

32%

16%14%

9%

4%

5%

8%

12%

Cash securities 32% Bonds 16% Defensive alternatives 14% Growth alternatives 9% Infrastructure 4% Property 5% Australian shares 8% Overseas shares 12%


20%

10%

13%

10%5%7%

14%

21%


22% defensive, 78% growthAustralian and overseas shares, property, infrastructure, alternative assets, plus lesser amounts of bonds (both Australian and overseas) and cash

6%7%

7%

9%

9%21%

30%

11%


7% defensive, 93% growthAustralian and overseas shares, property, infrastructure and alternative assets

7%

12%

7%

10%

26%

38%

Defensive alternatives 7% Growth alternatives 12% Infrastructure 7% Property 10% Australian shares 26% Overseas shares 38%

Minimum suggested timeframe

10+ years 2+ years 4+ years 6+ years 10+ years 12+ years

Standard risk measure4

Estimated number of negative annual returns over any 20 year period, 3 to less than 4

Estimated number of negative annual returns over any 20 year period, less than 0.5 of a year





Risk band and level5 Risk band 5, Medium to High Risk band 1, Very Low Risk band 3, Low to Medium Risk band 4, Medium Risk band 5, Medium to High Risk band 6, High

What this option has returned6

Past performance is not an indication of future performance

Yearly return2011 10.71%2012 1.18%2013 20.76%2014 14.41%2015 9.93%

Annualised returnFive year 11.21%Ten year n/a

Yearly return2011 5.49%2012 4.77%2013 4.34%2014 3.43%2015 3.16%

Annualised returnFive year 4.24%Ten year 4.67%

Yearly return2011 8.41%2012 5.25%2013 11.88%2014 8.40%2015 8.00%


Yearly return2011 9.49%2012 3.42%2013 15.92%2014 11.01%2015 9.93%


Yearly return2011 10.60%2012 1.20%2013 21.26%2014 14.35%2015 12.40%


Yearly return2011 11.19%2012 -0.46%2013 24.50%2014 16.30%2015 13.97%


Investment options with an exposure to the Australian shares asset class may include companies listed in Australia whose legal domicile is overseas. In addition, up to 10% of this asset class may be invested in stocks listed on the New Zealand Stock Exchange.† The Core Strategy’s returns are based on unit pricing from 1 January 2013 onwards. Prior to that a crediting rate was used.1. Aim - This is the goal or objective of the investment option. 2. Investment return objective - This is what the Trustee uses to determine asset allocation. It is also used to measure if the investment objective

is met. It is not a guaranteed rate of return. REST does not use the Return Target (shown in the Product Dashboard) to set the investment return objective.

3. Asset allocation - For the Core Strategy option, the asset allocation will vary year to year within the ranges shown in brackets. This also means the allocation to defensive assets and growth assets will vary from time to time. The Trustee reserves the right to vary the asset allocations, including the benchmarks and ranges, of all or any of the investment options, introduce new options or close or terminate existing options without prior notice (where permitted by law).

16

Core Strategy Structured options

Cash Plus Capital Stable Balanced Diversified High Growth

Aim1 To achieve a balance of risk and return by investing in both growth assets and defensive assets

Maintain the purchasing power of the funds invested by earning a slightly higher return on cash while minimising the risk of any capital loss

A stable pattern of returns that at the same time maintains a low probability of a negative return in any 1 year

A good balance of risk and return by investing in approximately equal proportions of growth assets and defensive assets

Strong returns over the longer term by investing in a diversified mix of assets weighted towards shares and other growth assets

Maximise returns over the long-term by investing predominantly in growth assets



Outperform the Bloomberg AusBond Bank Bill Index over the short term (rolling 2 year period)




CPI + 4% pa over the very long-term (rolling 12 year period)

Asset allocation3


6%11%

19%

29%

6%

10%

13%

6%

Cash securities 6% (0-25%) Bonds 6% (5-75%) Defensive alternatives 10% (0-25%) Growth alternatives 13% (0-25%) Infrastructure 6% (0-15%) Property 11% (0-25%) Australian shares 19% (15-45%) Overseas shares 29% (5-35%)

100% defensiveCash plus a small allocation to Defensive Alternatives. Cash consists of a portfolio of securities with a low level of interest rate risk (12 months or less), including bank deposits, bank bills, commercial paper and floating rate notes, for example, residential mortgage backed securities

10% 90%

Cash securities 90% Defensive alternatives 10%

62% defensive, 38% growthMainly bonds (both Australian and overseas) and cash, with smaller proportions of shares (both Australian and overseas), property, infrastructure and alternative assets

32%

16%14%

9%

4%

5%

8%

12%



20%

10%

13%

10%5%7%

14%

21%


22% defensive, 78% growthAustralian and overseas shares, property, infrastructure, alternative assets, plus lesser amounts of bonds (both Australian and overseas) and cash

6%7%

7%

9%

9%21%

30%

11%


7% defensive, 93% growthAustralian and overseas shares, property, infrastructure and alternative assets

7%

12%

7%

10%

26%

38%

Defensive alternatives 7% Growth alternatives 12% Infrastructure 7% Property 10% Australian shares 26% Overseas shares 38%


10+ years 2+ years 4+ years 6+ years 10+ years 12+ years








Risk band and level5 Risk band 5, Medium to High Risk band 1, Very Low Risk band 3, Low to Medium Risk band 4, Medium Risk band 5, Medium to High Risk band 6, High



Yearly return2011 10.71%2012 1.18%2013 20.76%2014 14.41%2015 9.93%

Annualised returnFive year 11.21%Ten year n/a

Yearly return2011 5.49%2012 4.77%2013 4.34%2014 3.43%2015 3.16%


Yearly return2011 8.41%2012 5.25%2013 11.88%2014 8.40%2015 8.00%


Yearly return2011 9.49%2012 3.42%2013 15.92%2014 11.01%2015 9.93%


Yearly return2011 10.60%2012 1.20%2013 21.26%2014 14.35%2015 12.40%


Yearly return2011 11.19%2012 -0.46%2013 24.50%2014 16.30%2015 13.97%


4. Standard risk measure - This is a guide as to the likely number of negative annual returns expected over any 20 year period. See ‘What is the Standard Risk Measure telling us?’ section on page 14.

5. Risk band and level - The risk band and risk level is based on the Standard Risk Measure. The Standard Risk Measure includes seven risk bands, from 1 (very low risk) to 7 (very high risk). Refer to page 14 for more information on Standard Risk Measure.

6. What this option has returned - Returns are net of investment fees and untaxed as at 30 June. The returns are based on the valuation of the underlying assets as at 30 June.


Investment options with an exposure to the Australian shares asset class may include companies listed in Australia whose legal domicile is overseas. In addition, up to 10% of this asset class may be invested in stocks listed on the New Zealand Stock Exchange.1. Aim - This is the goal or objective of the investment option. 2. Investment return objective - This is what the Trustee uses to determine asset allocation. It is also used to measure if the investment objective

is met. It is not a guaranteed rate of return. REST does not use the Return Target (shown in the Product Dashboard) to set the investment return objective.

3. Asset allocation - For the Core Strategy option, the asset allocation will vary year to year within the ranges shown in brackets. This also means the allocation to defensive assets and growth assets will vary from time to time. The Trustee reserves the right to vary the asset allocations,

Member-tailored options

Basic Cash Cash Bond Property Shares Australian Shares Overseas Shares

Aim1 Provide members with the opportunity to construct portfolios that are appropriate to their own particular circumstances. A member’s portfolio may be constructed from 1 or more of the Basic Cash, Cash, Bond, Property, Shares, Australian Shares and Overseas Shares options, as well as from the Structured options and the Core Strategy. This permits the construction of members’ portfolios with an extremely wide range of risk/return objectives.

Provide you with the opportunity to construct a portfolio that is appropriate to your own particular circumstances. Your portfolio may be constructed from 1 or more of the Basic Cash, Cash, Bond, Property, Shares, Australian Shares and Overseas Shares options, as well as from the structured options and the Core Strategy. This permits the construction of members’ portfolios with an extremely wide range of risk/return objectives.


Match the return of the Reserve Bank cash rate target before tax and before fees over rolling 1 year period.

Perform in line with the Bloomberg AusBond Bank Bill Index (before tax and after fees) over rolling 1 year period.

Outperform the benchmark return (before tax and after fees) over rolling 2 year period.

The benchmark is calculated using the Bloomberg AusBond Composite 0+ Yr Index, Bloomberg AusBond Inflation 0+ Yr Index, Citigroup World Government Bond Index (hedged), and Barclays Global Inflation linked Bond Index (hedged).

Outperform both the Mercer Unlisted Property Index (before tax and after fees) over rolling 3 year period and the 10 year bond rate plus 3% pa over rolling 5 year period.

Outperform the benchmark return (before tax and after fees) over rolling 3 year period. The benchmark is calculated using the S&P/ASX 300 Accumulation Index and the MSCI All Country World ex-Australia Index in AUD.

Outperform the S&P/ASX 300 Accumulation Index (after fees and including an estimation of imputation credits) over rolling 3 year period.

Outperform the MSCI All Country World ex-Australia Index in AUD (before tax and after fees) over rolling 3 year period.

Asset allocation3

100% defensive

The portfolio will invest in deposits with, or short-term discount securities (bank bills and negotiable certificates of deposit) issued by, banks rated at least AA- at the time of purchase. It may also invest in short-dated debt issued and guaranteed by the Australian Commonwealth or State Governments. All securities will have a maximum term to maturity of three months

100%

Cash securities 100%

100% defensive

A portfolio of securities with a low level of interest rate risk (12 months or less), including bank deposits, bank bills, commercial paper and floating rate notes, for example, residential mortgage backed securities

100%


100% defensive

A mixture of Australian and overseas debt securities issued by Governments, semi-government authorities and companies

100%

Bonds 100%

100% growth (For further information, please see page 24)

100%

Property 100%

100% growth

A mixture of Australian and overseas shares

40%60%

Australian shares 40% Overseas shares 60%

100% growth

90-100% Australian shares. Limited exposure of up to 10% listed New Zealand shares

100%

Australian shares 100%

100% growth

100%

Overseas shares 100%


3 months or less 1 to 2 years 4+ years 10+ years 12+ years 12+ years 12+ years







Estimated number of negative annual returns over any 20 year period, 6 years or greater


Risk band and level5 Risk band 1, Very low Risk band 1, Very low Risk band 5, Medium to High Risk band 5,

Medium to High Risk band 6, High Risk band 7, Very High Risk band 6, High



Yearly return2011 4.99%2012 4.45%2013 3.19%2014 2.61%2015 2.40%

Annualised return Five year 3.52%Ten year n/a

Yearly return2011 5.54%2012 4.71%2013 3.79%2014 3.09%2015 2.89%


Yearly return2011 7.52%2012 10.63%2013 8.43%2014 5.83%2015 6.72%


Yearly return2011 7.36%2012 6.15%2013 7.86%2014 8.80%2015 6.78%


Yearly return2011 9.46%2012 -4.17%2013 30.99%2014 20.89%2015 16.87%


Yearly return2011 14.47%2012 -4.88%2013 25.70%2014 20.30%2015 8.48%


Yearly return2011 4.78%2012 -3.55%2013 34.90%2014 21.97%2015 22.74%


18

including the benchmarks and ranges, of all or any of the investment options, introduce new options or close or terminate existing options without prior notice (where permitted by law).

4. Standard risk measure - This is a guide as to the likely number of negative annual returns expected over any 20 year period. See ‘What is the Standard Risk Measure telling us?’ section on page 14.

5. Risk band and level - The risk band and risk level is based on the Standard Risk Measure. The Standard Risk Measure includes seven risk bands, from 1 (very low risk) to 7 (very high risk). Refer to page 14 for more information on Standard Risk Measure.

6. What this option has returned - Returns are net of investment fees and untaxed as at 30 June. The returns are based on the valuation of the underlying assets as at 30 June.


Basic Cash Cash Bond Property Shares Australian Shares Overseas Shares

Aim1 Provide members with the opportunity to construct portfolios that are appropriate to their own particular circumstances. A member’s portfolio may be constructed from 1 or more of the Basic Cash, Cash, Bond, Property, Shares, Australian Shares and Overseas Shares options, as well as from the Structured options and the Core Strategy. This permits the construction of members’ portfolios with an extremely wide range of risk/return objectives.

Provide you with the opportunity to construct a portfolio that is appropriate to your own particular circumstances. Your portfolio may be constructed from 1 or more of the Basic Cash, Cash, Bond, Property, Shares, Australian Shares and Overseas Shares options, as well as from the structured options and the Core Strategy. This permits the construction of members’ portfolios with an extremely wide range of risk/return objectives.


Match the return of the Reserve Bank cash rate target before tax and before fees over rolling 1 year period.

Perform in line with the Bloomberg AusBond Bank Bill Index (before tax and after fees) over rolling 1 year period.

Outperform the benchmark return (before tax and after fees) over rolling 2 year period.

The benchmark is calculated using the Bloomberg AusBond Composite 0+ Yr Index, Bloomberg AusBond Inflation 0+ Yr Index, Citigroup World Government Bond Index (hedged), and Barclays Global Inflation linked Bond Index (hedged).

Outperform both the Mercer Unlisted Property Index (before tax and after fees) over rolling 3 year period and the 10 year bond rate plus 3% pa over rolling 5 year period.

Outperform the benchmark return (before tax and after fees) over rolling 3 year period. The benchmark is calculated using the S&P/ASX 300 Accumulation Index and the MSCI All Country World ex-Australia Index in AUD.

Outperform the S&P/ASX 300 Accumulation Index (after fees and including an estimation of imputation credits) over rolling 3 year period.

Outperform the MSCI All Country World ex-Australia Index in AUD (before tax and after fees) over rolling 3 year period.

Asset allocation3

100% defensive

The portfolio will invest in deposits with, or short-term discount securities (bank bills and negotiable certificates of deposit) issued by, banks rated at least AA- at the time of purchase. It may also invest in short-dated debt issued and guaranteed by the Australian Commonwealth or State Governments. All securities will have a maximum term to maturity of three months

100%


100% defensive

A portfolio of securities with a low level of interest rate risk (12 months or less), including bank deposits, bank bills, commercial paper and floating rate notes, for example, residential mortgage backed securities

100%


100% defensive

A mixture of Australian and overseas debt securities issued by Governments, semi-government authorities and companies

100%

Bonds 100%

100% growth (For further information, please see page 24)

100%

Property 100%

100% growth

A mixture of Australian and overseas shares

40%60%

Australian shares 40% Overseas shares 60%

100% growth

90-100% Australian shares. Limited exposure of up to 10% listed New Zealand shares

100%

Australian shares 100%

100% growth

100%

Overseas shares 100%


3 months or less 1 to 2 years 4+ years 10+ years 12+ years 12+ years 12+ years







Estimated number of negative annual returns over any 20 year period, 6 years or greater


Risk band and level5 Risk band 1, Very low Risk band 1, Very low Risk band 5, Medium to High Risk band 5,

Medium to High Risk band 6, High Risk band 7, Very High Risk band 6, High



Yearly return2011 4.99%2012 4.45%2013 3.19%2014 2.61%2015 2.40%

Annualised return Five year 3.52%Ten year n/a

Yearly return2011 5.54%2012 4.71%2013 3.79%2014 3.09%2015 2.89%


Yearly return2011 7.52%2012 10.63%2013 8.43%2014 5.83%2015 6.72%


Yearly return2011 7.36%2012 6.15%2013 7.86%2014 8.80%2015 6.78%


Yearly return2011 9.46%2012 -4.17%2013 30.99%2014 20.89%2015 16.87%


Yearly return2011 14.47%2012 -4.88%2013 25.70%2014 20.30%2015 8.48%


Yearly return2011 4.78%2012 -3.55%2013 34.90%2014 21.97%2015 22.74%



Account-based pensions are designed to reduce the tax you may have to pay at three stages:

1. When you commence a pension

2. While your money is invested in the pension product, and

3. When you are paid a pension payment or take a lump sum withdrawal.

No tax if you’re aged 60 or overIf you’re 60 or over, you won’t pay tax at any stage and you don’t need to advise your pension payments, pension earnings or withdrawals in your tax return.

Members under age 60If you’re under 60 you may save on tax at each of the three stages:

1. When you rollover

If you take your superannuation benefit as a lump sum, you may pay tax on the taxable component of your money. If instead you roll your money over into a REST Pension, you can defer or even eliminate this tax. This means more of your money is working for you.

2. While it’s invested

Investment returns on your REST Pension account are not taxed. You do not have to declare earnings on your pension in your personal taxation return. This means you have more money to invest, allowing for potentially bigger rewards over time.

3. When you are paid

Your pension benefits are split into two components, a tax-free component and a taxable component.

You don’t pay tax on your tax-free component but you may on your taxable component for pension payments and lump sum withdrawals.

Pension paymentsIf your pension payments are taxable, they will be taxed on a Pay As You Go (PAYG) basis, in a similar way to your salary or wages. However, depending on your age and circumstances, you may be eligible for benefits that reduce the overall tax you pay on your pension payments:

• 15% tax offset• Tax free threshold• Low income tax threshold.

Lump sum withdrawalsTax may be payable on the taxable component of any lump sum withdrawals you make. You may be entitled to the low rate threshold on your withdrawals.

The low rate threshold is $195,000 for the 2015-16 income year. The total of withdrawals up to this limit is tax-free. Once the accumulation of your withdrawals exceeds this limit, tax will apply. See the table on the next page for more details.

What if I die?If you die, your pension can continue to be paid as a pension to your chosen dependant (this is known as a reversionary pension). The tax your beneficiary will pay on this pension will depend on your age and/or their age as per the table on the next page.

If you don’t choose to have your benefit paid as a reversionary pension, your pension can be distributed as a lump sum or your beneficiary may choose to take out a pension in their own name. Whether or not tax is payable on a lump sum will depend on whether or not they were dependent on you.

What are tax-free and taxable components? Benefits in superannuation funds are made up of tax-free and taxable components, which are indicated on your super Fund’s annual member statement. Not everyone has a tax-free component.

The tax-free component is mainly sourced from voluntary contributions. The taxable component is mainly sourced from pre-tax contributions such as superannuation guarantee (SG) and salary sacrifice.

Can I choose which component to have any payments made from?No. We will tell you what the tax-free and taxable components are when you purchase your pension. This proportion is fixed at that time. You cannot change it.

Whenever you request a pension payment or lump sum withdrawal, this proportion of tax-free and taxable components will be applied to your payment and tax will be payable on the taxable component (if applicable).

I’m aged 60 or over. Why do I have a taxable component if I don’t have to pay tax?You will always keep both a tax-free and a taxable component irrespective of your age. However, the tax rate that applies to your taxable component will be zero. The taxable component becomes relevant in certain circumstances, such as death.

5. Tax implications

20

Understanding tax on your account-based pensionThis table may assist you to understand the potential tax implications of your REST Pension.

Tax-free component Taxable component

Pension payments

Aged 60 and over Tax-free Tax-free

From preservation age to 59 Tax-free Taxed at your income tax rate less 15% tax offset

Under preservation age and totally and permanently disabled Tax-free Taxed at your income tax rate however, you may be

entitled to a 15% tax offset

Under preservation age Tax-free Taxed at your income tax rate

Lump sum withdrawals

Aged 60 and over Tax-free Tax-free

From preservation age to 59 Tax-free No tax up to the low rate threshold for payments to the member, then taxed at up to 15% plus Medicare Levy thereafter

Under preservation age Tax-free Taxed at up to 20% plus Medicare Levy

Terminally ill Tax-free Tax-free

Pension benefits upon death if paid as a pension to your beneficiary

You are aged 60 or over when you die Tax-free Tax-free

You are aged 59 or under when you die Tax-free

If your beneficiary is aged 60 or over – tax-freeIf your beneficiary is aged 59 or under – taxed at their marginal income tax rates less 15% tax offset

Pension benefits upon death if paid as a lump sum to your beneficiary

Your beneficiary is a dependant for tax purposes Tax-free Tax-free

Your beneficiary is not a dependant for tax purposes Tax-free Taxed element is taxed at 15% plus Medicare Levy

Additional tax may be payable on any untaxed element of your REST Pension.

15% tax offsetIf you are over the preservation age and under 60, you may be entitled to a 15% tax offset on the taxable component of your pension payments. There is no tax offset for people under the preservation age, unless you satisfy the tax definition of ‘disabled’.

The 15% offset reduces the tax you pay. After the end of the financial year, we will issue a PAYG payment summary to members who were under age 60 at the start of the financial year, which you should retain for your tax records. It shows the total amount of pension paid and the tax instalments deducted for that financial year. We will also forward a copy of your PAYG tax details each year to the Australian Taxation Office (ATO).

Tax-free thresholdIf you are an Australian resident for taxation purposes, currently the first $18,200 of your yearly income is not taxed. This is called the tax-free threshold. If you are aged 59 or under and your taxable pension and other taxable income is below the tax-free threshold for a financial year, then you are not required to pay any income tax. To avoid tax being withheld from your pension payments, you can provide a ‘Tax File Number’ declaration form and claim the tax-free threshold.

You can use the REST Pension to claim the tax-free threshold. Note, for PAYG deduction purposes you can only claim the tax-free threshold from your pension if you are not already claiming it from another source.

Low income tax offsetIf you earn less than $66,667 and are under age 60 you may qualify for all or part of the low income tax offset.

Why am I asked to provide my Tax File Number?Under the Superannuation Industry (Supervision) Act 1993, your superannuation fund is authorised to collect your TFN, which will only be used for lawful purposes.

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

The Trustee with your consent may use your TFN to locate amounts held for you in different superannuation accounts you have with REST or to consolidate any superannuation accounts you have with other superannuation providers.


The Trustee with your consent may disclose your TFN to the ATO and to superannuation providers identified by the ATO that may hold superannuation benefits in respect of you and to those superannuation providers nominated by you in order to:

• receive results of any searches of the ATO’s superannuation records

• receive payment of any amount identified through the search process

• transfer such amounts to your REST account, and• otherwise assist in consolidating your

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

• the tax on contributions to your superannuation account(s) will not increase

• other than the tax that may ordinarily apply, no additional tax will be deducted when you start drawing down your superannuation benefits, and

• it will make it much easier to trace different superannuation accounts in your name so that you receive all your superannuation benefits when you retire.

If you do not provide your TFN you may pay more tax on your pension payments than necessary, although you may be able to get this money back as a tax refund, when your tax is assessed on your income tax return.

How do I claim my tax concessions?If you are aged 60 or over, there is no tax concession to claim because your pension and super accounts are tax-free. You do not need to advise your pension payments or lump sum withdrawals in your tax return.

If you are aged 59 or under and eligible, you can reduce the amount withheld by claiming the tax-free threshold and the 15% tax offset.

You can do this by completing in full the Tax File Number declaration form included in the forms section of this brochure. If you choose not to claim your tax concessions now, you can claim them when you lodge your tax return.

5. Tax implications (continued)

6. Centrelink implications

Your eligibility for the Age Pension is worked out by taking into account how much income you receive (the income test) and the total value of your assets (the assets test). Under these tests, your entitlement to an Age Pension may be reduced and reduce to zero if your income or your assets are above certain limits.

Centrelink may count all or part of your REST Pension under one or both of the means tests (the assets test and the income test) in certain circumstances.

As the rules are complex, you should seek the advice of your financial planner or seek information from the Financial Information service provided by Centrelink, or the Veterans’ Affairs Financial Information service to determine your eligibility for the Age Pension.

22

Information about investing with RESTUnit prices and determining the value of your account

When you invest with REST Pension, your account balance is made up of rollovers and transfers into the Fund, plus or minus investment returns, less any fees, charges, and taxes that apply and any benefits you claim. The value of your account is expressed in numbers of units and the unit value for each investment option. Each investment option has its own unit price, which is the monetary value of one unit. Unit prices are normally calculated by dividing the value of the assets held in the investment option after allowing for certain fees and expenses such as management fees and expenses, and taxes by the total number of units on issue for that investment option. Income entitlements are included in the asset values when calculating unit prices.

Unit prices include an allowance for costs that would be incurred if the underlying assets were purchased or sold on the day the unit prices are calculated. Your money will purchase a number of units in the investment option(s) of your choice. The number of units purchased depends on the value of the units (called the unit price) at the date of purchase. When money is invested in an option, it will generally use the buy price. Details of the unit prices for each investment option are available on our website at rest.com.au (click on ‘Investments’). The value of your account balance will fluctuate depending on variations to the unit price of your investment option(s) and the amount of any taxes, fees and charges applied to your account. Your member statement will show your account balance’s dollar value and a number of units.

Investment managers

A list of the Fund’s current investment managers is available online at rest.com.au

Unit pricing incident guidelines

REST has unit pricing and market disruption policies, which set out guidelines for the Trustee in relation to the treatment of members’ benefits in the event of unit pricing errors and unit pricing in the event of market disruption. Visit rest.com.au for a summary of the policies.

What is active management?

REST appoints professional investment managers to manage your investment. These managers are set a performance objective to outperform a market or asset class benchmark.

REST’s Trustee regularly monitors and reviews the performance of each investment manager, adding or removing managers as appropriate.

In each asset class, REST, or the appointed investment managers, may implement particular investment strategies to enhance returns or reduce risk relative to the multitude of potential investments as defined by the benchmark of that asset class. For example, within the Overseas Shares asset class, REST may invest in small capitalisation or emerging market shares that are not included in the benchmark for that asset class – the MSCI All Country World ex-Australia Index.

Similarly, the Trustee may seek to reduce market risk within a particular asset class, for example, by excluding certain types of investments from its investment portfolio, by purchasing options or using other derivative instruments.

REST’s investments across various asset classes may have foreign currency exposure. The Trustee will determine as part of its investment strategy, how foreign currency is managed within these asset classes.

Derivatives

Derivatives can refer to a wide range of financial instruments, the most common of which are futures and options. They are called derivatives because they usually ‘derive’ their price from the value of an underlying security.

The attraction of derivatives is that they can give investors the same degree of market exposure as the underlying assets, but with much lower transaction costs. The value of derivatives will rise and fall, just as the value will rise and fall for the underlying securities. Investors might have a number of reasons for preferring derivatives in specific situations. REST, for example, allows its investment managers to use derivatives to:

• protect the portfolio’s value (portfolio insurance)• change the interest rate sensitivity within cash and fixed

interest portfolios• change market exposure rapidly• change exposure to foreign currency.

Superannuation law and the Australian Prudential Regulation Authority (APRA) have laid down strict conditions on the use of derivatives by super funds. REST monitors its investment managers’ compliance with those conditions. In the long-term, the use of derivatives is expected to enhance REST’s investment returns and provide an effective way to manage risk, although the effect will vary from year to year.

Asset description and reporting

REST’s description and reporting of asset classes, asset allocations, investment options and returns include the use of derivatives.

Within asset classes such as shares there can be, from time to time, a holding of cash securities depending on how investment managers are structuring their portfolios.

Valuation policy

REST values its investments regularly so that it can process transactions at values that are fair and reasonable which will usually be market value. Listed assets are valued by REST’s custodian with security prices being obtained from publicly quoted and independent security pricing services. Directly held property and unlisted assets are valued on a regular basis according to approved valuation methodology. Once the revaluation of an investment is received, it will be fully reflected in the unit prices at the next available opportunity. Unit prices are generally declared on a daily basis. Further details will be available at rest.com.au/investments

REST can delay or suspend release of unit prices, or apply a special price due to volatile market conditions and other circumstances as the Trustee deems reasonable. REST has unit pricing and market disruption policies, which when triggered, will apply instead of normal practices.

7. Other important information


Valuation considerations for REST’s Property Option

REST’s Property Option has a benchmark allocation of 100% to direct property and unlisted property trusts. These investments are not listed and are not traded frequently in the marketplace, such as the share market. They are effectively ‘illiquid’ assets, which means that they cannot be bought and sold quickly, and valuations are updated less frequently than is the case for listed investments. The unit price for the Property option is based on the combined valuations of the underlying direct properties and unlisted property trusts. The valuations are undertaken regularly and by independent valuers, but are less frequent than for assets such as shares which are traded daily in the public markets and therefore subject to influences such as market sentiment. This means that changes in the unit price of the Property option may differ significantly from changes in the value of listed property assets. REST’s directly held properties are re-valued quarterly by qualified external property valuers. The valuations for the unlisted property trusts are undertaken in accordance with each manager’s valuation policies and the frequency of valuation updates ranges from monthly up to a maximum of one year.

Despite the illiquid nature of the underlying assets of the Property option, REST is usually able to provide liquidity to REST members due to internal processes which have been established, and hence facilitate members wishing to buy or sell Property option units within the standard timeframes used for all other investment options.

REST aims to hold a diversified range of investments and there are currently over 120 properties underlying the Property option. However, due to the high value nature of some of the properties held, some underlying assets may constitute a relatively large percentage of the Property option.

Property option terms and conditions

Members choosing to invest in Property must agree to terms and conditions which will allow the Trustee, without prior notice, to place a freeze on transactions in the Property option for a period of up to two years.

These terms and conditions have been introduced for the purpose of complying with the illiquid investment rules in Regulation 6.34A of the Superannuation Industry (Supervision) Regulations 1994.

Pension members, who select the Property option as part of their investment choice, must agree to the following terms and conditions:

(a) The Property option is an illiquid investment because either or both of the following apply to the underlying investments:

(i) the underlying investment (being either direct property or units in an unlisted property trust) cannot be converted to cash within 30 days to meet a pension member’s withdrawal, rollover, and transfer or switch request (“Transaction Request”) out of the Property option;

(ii) Converting the underlying investment of the Property option into cash within 30 days would be likely to have a significant adverse impact on the realisable value of the investment;

(b) The Trustee is not required to process Transaction Requests within 30 days;

(c) The Trustee will process Transaction Requests within 30 days, unless the Trustee has frozen Transaction Requests out of the Property option;

(d) the Trustee may, without prior notice, freeze Transaction Requests out of the Property option for up to two years and the pension member (to the extent applicable – see below) waives their right to require the Trustee to process any Transaction Request they make until the freeze is over due to the illiquid nature of the underlying investments;

(e) The Trustee may at any time close the Property option to new money;

(f) Pension members may only elect to have a maximum of 80% of their entire initial balance invested in the Property option;

(g) If the Trustee determines to freeze Transaction Requests out of the Property option and a pension member has less than (or equal to) 80% of their entire balance invested in the Property option on a pension payment date during the freeze, then that pension member will still receive his or her nominated pension payment due on that pension payment date (paid firstly from and in proportion to their non-Property balance(s) on that pension payment date);

(h) if the Trustee determines to freeze Transaction Requests out of the Property option and a pension member has more than 80% of their entire balance invested in the Property option on a pension payment date during the freeze, then that pension member will receive his or her minimum legislated pension payment amount (but no more) on that pension payment date (paid firstly from and in proportion to their non-Property balance(s) on that pension payment date).

Should the Property option be frozen at any point in time, the Trustee will communicate this to pension members invested in the Property option. The Trustee will also communicate to pension members invested in the Property option whether contributions will be accepted into the Property option during the freeze or not.

Reserves

REST currently maintains a number of reserves, including an operational risk financial requirement reserve, capital reserve, group life insurance reserve and administration reserve. These reserves are maintained and used in accordance with REST’s reserving strategy and policy, such as to meet any losses from operational risk and provide for capital requirements, or insurance and administration payments. REST currently has adequate provisions in its reserves.

REST reserves the right to adjust unit prices in accordance with its reserving policy without prior notice. This includes transferring funds from investment option earnings to reserves which may impact the respective unit prices.

7. Other important information (continued)

24

Our approach to sustainable investing

The Trustee is required by law to act in the best interests of REST members when exercising its duties and powers. More specifically, the Trustee has a responsibility to act in members’ best interests as a whole, and must not favour the interest of one group of members over another. In addition, the Trustee has a duty to promote the financial interests of REST members who are invested in the MySuper investment option. Given the diverse membership of REST and the Trustee’s duty to act impartially between different groups of members, the Trustee believes that its duty requires it to focus on growing the retirement savings of its members.

Sustainable investing considers factors which have the potential to impact the long-term financial performance of an investment. These factors include but are not limited to environmental, social and governance factors (ESG), exogenous factors (such as technological advances or legislative changes) and other factors which are intrinsic to the financial structure of an investment (such as leverage and refinancing risk).

The Trustee primarily invests through investment managers (via mandates or pooled funds) rather than directly. The Trustee retains an investment adviser who provides advice to the Trustee in relation to the selection and monitoring of investment managers. The selection and monitoring process for investment managers includes an assessment by the investment adviser and the Trustee of a range of factors (eg investment philosophy, investment style, business structure and risk management, etc), the most important of which is the confidence by the Trustee in an investment manager’s ability to deliver risk adjusted returns consistent with the intended purpose of the mandate in the context of the Trustee’s overall investment objectives.

Unless specified otherwise in the Trustee’s mandate with an investment manager, the Trustee does not prescribe a specific methodology in relation to the extent to which sustainability matters should be taken into account by an investment manager. However, investment managers are expected to consider a range of factors relevant to the selection of underlying investments comprising their portfolios. This may include ‘sustainability matters’ such as valuation, risks to revenues, gearing levels, financial stability, policy risk, governance, labour standards, environmental, social or ethical considerations, and any other factor the investment manager considers relevant to the investment of the investment manager’s underlying investments.

When an investment manager is initially considered, the Trustee undertakes an extensive due diligence program in conjunction with its investment adviser in regard to understanding how sustainability measures are embedded within the investment process. The Trustee recognises that sustainability issues and risks may have a material influence on the investment returns over the long term. As a result, the Trustee adopts strategies and appoints investment managers that are considered to be consistent with the Trustee’s objectives as a long-term investor on behalf of its members. REST has policies in place to ensure that sustainability issues are considered when exercising voting rights and corporate actions in context on its impact on the long term investment performance. Furthermore, the Trustee continuously engages its incumbent investment managers, its investment adviser, other super funds and industry bodies to ensure sustainability matters are adequately catered for within REST’s investment strategy.

Fundamentally, sustainable investing is a strategic risk management issue. In this sense, investment managers that successfully identify sustainability factors and understand how such factors impact their investments over the long term are best placed to contribute to the attainment of the Fund’s stated investment objectives, therefore enabling REST to meet its fiduciary duties to members.

Before you make an investment choice or leave the Fund

The benefit payable to you on withdrawal from the Fund is determined by multiplying the number of units you hold by the applicable unit price at the date of withdrawal, less any taxes, fees, charges and pension payments and withdrawals made. Investment returns are reflected in the unit price applicable to your selected investment options.

When you switch out of an investment option or leave the Fund, the sell unit price used is at the time that your transaction is processed. Unit prices can vary. You should check the latest prices on the REST website at rest.com.au before making a decision.

Types of assetsMost assets fall into two broad groups – defensive assets and growth assets – so called because of their different risk and return characteristics.

The descriptions of the asset classes below may not cover all the types of investments which are included in REST Pension’s asset classes.

Defensive Assets

Defensive assets aim to protect your investment’s value. They are low risk investments, which mean the chances of a negative return are lower than other asset types. They usually provide lower returns that may not outpace inflation in the long-term. REST’s defensive assets include Cash, Bond and Defensive Alternatives.

Cash

A portfolio of securities with a low level of interest rate risk. Includes securities which either have, on average a short-term to maturity (12 months or less), for example, bank deposits, bank bills and commercial paper, or securities which have a floating interest rate that resets over short-term periods (12 months or less), for example, residential mortgage backed securities.

Bonds

A mixture of Australian and overseas debt securities issued by governments, semi-government authorities and companies. Bonds typically have a fixed coupon paid on a regular basis and are exposed to both interest rate risk (the impact that changing interest rates have on bond values) and default risk.

Defensive Alternatives

Consist of alternative assets with defensive characteristics which include absolute return investments. They may comprise a broad mix of strategies across global financial markets which offer diversification characteristics.

Growth Assets

Growth assets aim to increase your investment returns. They have historically produced higher returns over the long-term. However, higher returns come with an increased risk that your investments could provide a negative return over a shorter timeframe. REST’s growth assets include


Australian Shares, Overseas Shares, Property, Infrastructure and Growth Alternatives.

Property

Includes retail (shops and shopping centres), industrial (factories and warehouses), commercial (office buildings), retirement villages and student accommodation. Property investments provide rental income and can rise and fall in value over time.

Shares

Represent part-ownership in a company. Shares generally provide returns in the form of dividends and, in the longer term, in the form of capital gains, but capital losses (negative returns) are also possible. Different categories of shares include:

• Australian shares – investments in companies listed on the Australian Securities Exchange.

• Overseas shares – investments in companies operating overseas listed on foreign exchanges.

Infrastructure

Mainly involves holdings (directly or through other funds) in transport and utility assets, including airports, toll roads, shipping ports, electricity and gas generation and distribution assets.

Growth Alternatives

Consists of alternative assets with growth characteristics which include equity strategies, growth opportunities and agricultural investments. Equity strategies invest in equity-based investments, including unlisted private equity investments and long/short strategies. Growth opportunities invest in a range of investments potentially spanning all investment markets and employing a broad mix of investment strategies. Agricultural investments invest in agricultural holdings such as farms.

Please tell us if you are concernedREST is committed to providing the highest standard of client service and maintaining our reputation for honesty and integrity. We’re here to help. If you have a concern – please contact us straight away to see if we can solve your problem immediately. If you are not happy with our initial response, then you can make a formal complaint.

How do I make a formal complaint?

You can make a formal complaint to REST by letter, email or phone, noting that you wish to lodge a complaint.

To lodge your complaint by letter, please address your concerns to:

The Trustee Services Officer REST Pension Locked Bag 5042 Parramatta NSW 2124

Please write ‘Complaint’ on the envelope and the letter. To lodge your complaint by email, please write to: [email protected] with the subject line: Complaint.

Or you can call us on 1300 305 778 between 8am and 6pm each weekday.

How long will we take to respond to your complaint?

REST is required to consider your complaint or dispute within 90 days of receiving it. We will acknowledge your complaint in this time, however, in some circumstances it may not be possible to completely resolve it within this period.

If the Trustee has not made a decision within 90 days of receipt of your complaint you may write and request written reasons for REST’s failure to make a decision within that period. Written reasons for not making a decision within 90 days of your inquiry or complaint must be given within 28 days of receipt of your request.

In the case of a decision as to payment of death benefits the Trustee must give the member written reasons for our decision. In the case of a decision on other complaints the member may request written reasons. The Trustee must give the member the reasons within 28 days of receipt of the member’s request.

If the Trustee fails to respond to you within 90 days, or you are not satisfied with the outcome, you may be able to seek an independent ruling from the Superannuation Complaints Tribunal.

Who is the Superannuation Complaints Tribunal?

The Superannuation Complaints Tribunal (SCT) is an independent body set up by the Federal Government to settle certain disputes between members and their super funds. The SCT can only become involved after the Trustee’s efforts at reaching agreement have failed (ie you must first use REST’s dispute procedures).

While sincere attempts will be made to help resolve differences between members and funds, in some instances the SCT may need to make a binding ruling. The SCT does not charge members for its services and can be contacted on:

Locked Bag 3060 Melbourne VIC 3001 Phone: 1300 884 114 Email: [email protected] Web: sct.gov.au

7. Other important information (continued)

26

If you change your mindA 14 day cooling-off period applies to your initial investment for each REST Pension you take out to check whether the pension meets your needs. The 14 days begin from the earlier of:

• The date you receive confirmation of the transaction by way of a welcome letter, or

• five business days after REST received your rollover transfer or initial money to become a member of the pension.

This period is called the cooling off period. If you cancel your application during this time, you will not pay any administration or transaction charges. However, any government taxes and charges paid by REST on your behalf will be deducted. Your account will also be adjusted to reflect any investment returns (positive or negative) on your selected investment option(s).

The cooling-off period does not apply if you have exercised any rights or powers as a member, for example, if you have switched investment options or drawn down funds from the account. Any request to cancel your application must be made in writing to the Trustee at:

REST Pension Customer Service Locked Bag 5042 Parramatta NSW 2124

If your initial investment is made up of preserved or restricted non-preserved amounts, your refund will not be paid directly to you but will be transferred to a complying superannuation fund or account-based pension of your choice.

Your health and wellbeingSuperFriend, the Industry Funds Forum Mental Health Foundation is a nation-wide initiative aimed at improving the health and well-being of industry superannuation fund members.

Please visit superfriend.com.au to access information and resources on looking after your wellbeing during difficult times.

Keeping you informedAs a REST member, you will receive the following information:

Member statements

Every year you will receive a statement showing your account balance, investment performance, asset allocation, transactions, fees and charges that have been deducted from your account and a payment summary. You can choose to receive this statement electronically and have access to your statement history online. Remember that details of your account are available on MemberAccess at any time if you would like more information in between statements.

Annual report

Every year REST will publish an annual report that shows the performance of all our investment options, the Fund’s financial condition and any changes to the Fund. The annual report will be available on our website, or please call 1300 305 778 for your free copy.

Confirmation of changes

You will receive written confirmation of your initial investment, lump sum withdrawals and any investment switches you might make. If you make an investment switch or lump sum withdrawal online, you will see a confirmation of your request which you can print and keep.

Tax statements

If you are aged 59 or under, or if you turned aged 60 during a financial year, you will receive a PAYG payment summary after the end of the financial year in July that discloses the tax components of your pension for the previous financial year that you should retain for your tax records.

REST also sends this information directly to the ATO each year on your behalf, so there is no need to include a copy in your annual tax return.

Centrelink schedules

When your pension has been set up, you will receive a schedule that outlines your benefits within the REST Pension that you can give to Centrelink.

For members who receive a Centrelink payment, relevant account information is sent to Centrelink by REST as required by law.

Domestic politically exposed personsDomestic politically exposed persons are people who occupy a prominent public position or function in a government body or department of a State, Territory or the Commonwealth. It also includes their immediate family members and close associates.

The law requires the Trustee to take steps to determine whether any member of REST is a domestic politically exposed person. This is because the Trustee has some additional obligations when dealing with politically exposed persons.


FormsContents

Checklist for REST Pension application

Application form - REST Pension

Rollover initiation request

Transfer part of your superannuation

Tax File Number declaration

3. Make sure you have all the supporting documents

This checklist can help you make sure you send everything required so that your REST Pension starts as soon as possible.

REST Pension application form

Transfer forms

Applicable if you want to consolidate other super accounts into your REST account (see point 2 above). Alternatively, you can do this online through the ‘Consolidate super’ tab in your MemberAccess account.

REST superannuation account application forms

Applicable if you want to consolidate your super into a REST superannuation account, but you don’t have one yet (see point 2 above).

Personal Contribution Tax deduction

If you intend on claiming a tax deduction, if any, on a personal contribution, please lodge your notice of intention to claim using the Australian Taxation Office (ATO) prescribed form before you start your pension. You will not be eligible to claim a deduction after your pension has commenced.

Tax File Number (TFN) declaration form

If you are under 60 years of age, to ensure your pension payments are eligible for concessional tax treatment, please complete the Tax File Number (TFN) declaration form. For more information on providing your TFN please see page 21.

2. Consolidate your super

Once you start an account-based pension, you cannot add to it later (although you can hold multiple accounts). So, if you have money in a number of places you need to get it all in the one place, so you can transfer it into your REST Pension altogether.

If you already have a REST superannuation account:

• You can use the transfer forms at the back of this PDS

• Please ensure that you claim any tax deductions, if any, relating to your superannuation contributions prior to the transfer to REST Pension. If not you will be unable to claim the deductions after your REST Pension account has been set up.

If you don’t have a REST account, you can either start a REST account or consolidate your super into one of your other accounts. If you’d like to start a REST account then you’ll need to read the relevant Product Disclosure Statement (PDS) which you can find on our website at rest.com.au and complete the ‘Application for membership’ form accompanying the PDS. Alternatively, you can call us on 1300 300 778 and we’ll send one to you.

If you don’t consolidate your super into a REST account, you will not receive any potential investment return from us while you are in the process of consolidating your accounts, because your REST Pension will not start until we’ve received all the transfers we are expecting. We are relying on other super funds to process the transfer so we can’t guarantee how long it will take, but generally it shouldn’t take longer than 30 days.

1. Fill out the forms

The forms are located at the back of this PDS.

Once you’ve read this PDS, all you have to do is:

Checklist for REST Pension application


3. Make sure you have all the supporting documents (continued)

Proof of Identity

You need to provide certified copies of proof of age and ID for yourself with the application form. You also need to provide a certified copy of proof of age for anyone you have nominated as a reversionary beneficiary. The following documents are acceptable as proof of your ID:

One of the following documents:

• Current passport that contains your photograph and signature

• Current driver’s licence that contains your photograph

• Card issued by a State or Territory for the purpose of providing your age, that contains your photograph and signature.

If you don’t have one of the documents listed above, you will need to provide:

One of the following documents:

• Birth certificate or extract

• Citizenship certificate issued by the Commonwealth

• Current Pension card issued by the Department of Human Services.

PLUS

One of the following documents showing your name and residential address:

• Notice issued by the Commonwealth, State or Territory within the last 12 months that shows you are receiving a financial benefit, such as a Centrelink payment notice

• Notice issued by the Australian Taxation Office (ATO) within the last 12 months that shows a debt to or refund from the Commonwealth, such as a Tax Assessment notice

• Notice issued by a local Government body or utilities provider within the last three months for the provision of services, such as a council rates notice or electricity bill

• If you’re under 18, a notice issued by a school principal within the last three months which shows the period of time you’ve attended at the school.

The person who is authorised to certify documents must sight the original and the copy and make sure both documents are identical, then make sure all pages have been certified as true copies by writing or stamping ‘certified true copy’ followed by their signature, printed name, qualification (e.g. Justice of the Peace, Australia Post employee, etc.) and date.

Checklist for REST Pension application (continued)

Who can certify documents?• a Justice of the Peace• a pharmacist, medical practitioner, nurse, dentist,

optometrist, chiropractor, physiotherapist, psychologist or veterinary surgeon

• a teacher employed on a full-time basis at a school or tertiary education institution

• a police officer• a notary public• a permanent employee of Australia Post with two or

more years of continuous service who is employed in an office supplying postal services to the public

• an agent of the Australia Postal Corporation who is in charge of an office supplying postal services to the public

• a bank, building society, credit union or finance company officer with two or more years of continuous service

• an officer with, or authorised representative of, a holder of an AFSL with two or more years of continuous service with one or more licensees

• a permanent employee of the Commonwealth or a Commonwealth authority, a State/Territory or a State/ Territory authority or a local government authority, with two or more years of continuous service

• a Member of the Parliament of the Commonwealth, the Parliament of a State/Territory or local government authority of a State/Territory

• an Australian consular or diplomatic officer (within the meaning of the Consular Fees Act 1955)

• a member of the Institute of Chartered Accountants in Australia, CPA Australia or the National Institute of Accountants

• a registrar or deputy registrar of a court• a person enrolled as a legal practitioner on the roll

of the Supreme Court of a State/Territory or the High Court of Australia

• a judge or magistrate of a court• a Chief Executive Officer of a Commonwealth Court.

30Page 1 of 8

Section 1: Your details (fields with * are required)

Fields marked * are mandatory. If you do not complete all mandatory fields, there may be a delay in processing your request.Personal detailsMr/Mrs/Ms/Miss/Dr* Surname*

■■■■ ■■■■■■■■■■■■■■■■■■■■■■Given name(s)*

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Date of birth (dd/mm/yyyy)* Gender*

■■ ■■ ■■■■ Certified proof of age required (Refer to the checklist in the ‘Forms’ section of the REST Pension PDS) ■ (M/F)

Residential address

Unit number Street number* Street name*

■■■■ ■■■■■■■ ■■■■■■■■■■■■■■■■Suburb/Town* State* Postcode*

■■■■■■■■■■■■■■■■■■■■ ■■■ ■■■■Telephone (business hours) Mobile phone number

■■ ■■■■ ■■■■ ■■■■ ■■■ ■■■Email address

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Postal address (if different from above)Unit number Street number Street name

■■■■ ■■■■■■■ ■■■■■■■■■■■■■■■■Suburb/Town State Postcode

■■■■■■■■■■■■■■■■■■■■ ■■■ ■■■■

Issue date: 1 October 2015

Application form – REST Pension

Use this form to apply for a REST Pension.

Please write in BLOCK LETTERS and use a BLACK or BLUE pen. This request will be invalid if unsigned and undated.

Once you’ve completed and signed this form, please mail to: REST Pension, Locked Bag 5042, Parramatta NSW 2124.

Before you sign this application form, the Trustee is obliged to give you a Product Disclosure Statement (PDS), which is a summary of important information relating to REST Pension. You should read the PDS before making a decision to acquire this product.

The Trustee company of Retail Employees Superannuation Trust ABN 62 653 671 394 is Retail Employees Superannuation Pty Limited ABN 39 001 987 739, AFSL 240003. Registered Office: Level 7, 50 Carrington Street, Sydney NSW 2000.

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Fields marked * are mandatory. If you do not complete all mandatory fields, there may be a delay in processing your request.Personal detailsMr/Mrs/Ms/Miss/Dr* Surname*

■■■■ ■■■■■■■■■■■■■■■■■■■■■■Given name(s)*


■■ ■■ ■■■■ Certified proof of age required (Refer to the checklist in the ‘Forms’ section of the REST Pension PDS) ■ (M/F)

Residential address

Unit number Street number* Street name*



■■ ■■■■ ■■■■ ■■■■ ■■■ ■■■Email address

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Postal address (if different from above)Unit number Street number Street name


■■■■■■■■■■■■■■■■■■■■ ■■■ ■■■■


Application form – REST Pension

Use this form to apply for a REST Pension.



Before you sign this application form, the Trustee is obliged to give you a Product Disclosure Statement (PDS), which is a summary of important information relating to REST Pension. You should read the PDS before making a decision to acquire this product.


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Section 2: Where is this money coming from?

You may tick more than one option.

■ Transfer from your existing REST accumulation account

REST Member Number: ■■■■■■■■■■■■ Full Balance#

■ Fixed amount of $■,■■■,■■■.■■■ Keep my REST accumulation account open with the minimum balance

# If you are transferring from a REST accumulation account, please note that by transferring the whole amount, your REST accumulation account will close and any associated insurance will cease.

■ Close your existing REST Pension account and start a new one†~

If you are closing down an existing REST Pension account and starting a new REST Pension account with additional external funds, you are required to open up a REST account (if you do not have an existing REST accumulation account) in order to combine your funds. Please visit rest.com.au to open a REST account online or to get a REST PDS.

REST Pension Member Number: ■■■■■■■■■■■† If you are closing down an existing REST Pension account and opening a new one, please note that any remaining pension amount due to you, as part of the minimum required pension amount, will be paid to you when we close your existing REST Pension account.

~ Closing an existing pension account commenced before 1 January 2015 can have an effect on the income deeming rules used to assess your eligibility for Centrelink and Department of Veterans’ Affairs (DVA) income support payments. We recommend that you seek advice from Centrelink, DVA or your financial adviser before closing down an existing pension account.

■ Additional rollovers/funds+ (complete details below)

Please complete the details below for each rollover/transfer you would like to include in your REST Pension

If you would like REST to arrange the rollover of your super money in other funds to REST, you will need to complete a separate transfer authority form for each rollover. Please complete the ‘Rollover initiation request’ for whole balance transfers or the ‘Transfer part of your superannuation’ form provided in this PDS.

Transfer 1: Name of super fund Approximate Amount

■■■■■■■■■■■■■■■■■■■ $■,■■■,■■■Transfer 1: Name of super fund Approximate Amount


■■■■■■■■■■■■■■■■■■■ $■,■■■,■■■+Note: Your REST Pension will start once we receive all your rollovers we are expecting as referred to in this section. If you have nominated more than one rollover amount above and you have not completed a REST application form or first opened a REST account online, your money will be held in trust where you will not earn any interest. (Please refer to point 2 in the ‘Checklist for REST Pension Application’ of the REST Pension PDS). Please be aware if REST is unable to allocate the funds within 30 days, the funds will be refunded.

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Section 3: How would you like to invest the money?

Investment choice

■ I am an existing REST member: (includes members who plan to open a REST account to consolidate their existing super). Your new REST Pension will commence with the same investment options held in your existing REST account, rounded to the nearest whole percentage. Complete the Opening balance column if you wish to change your investment options (you may choose one or more investment options, ensuring your choice adds up to 100%). Changing your investment will incur buy/sell spread costs.

If you have elected to change your investment option/s, your REST Pension Welcome Letter will show your existing REST accumulation investment option/s. An investment switch will be processed two business days after your REST Pension commences. Buy/sell spread will apply.

■ I am a new REST member: Please complete this investment section to indicate which investment option(s) you would like your money invested in and paid from. You may choose one or more investment options. If you don’t want to make a choice, or your choice does not add up to 100%, your money will be invested in and deducted from the default investment option - Balanced option. Buy/sell spread will apply.

Investment code

Opening balance (Investment choice after investment switch occurs for existing member)~

Future transactions(i.e. pension payments and any other deductions)I would like all deductions taken from the option/s below

Core Strategy B1 ■■■.■■% ■■■.■■%

Structured options

Cash Plus A1 ■■■.■■% ■■■.■■%

Capital Stable A2 ■■■.■■% ■■■.■■%

Balanced A3 ■■■.■■% ■■■.■■%

Diversified A4 ■■■.■■% ■■■.■■%

High Growth A5 ■■■.■■% ■■■.■■%


Basic Cash C7 ■■■.■■% ■■■.■■%

Cash C1 ■■■.■■% ■■■.■■%

Bond C2 ■■■.■■% ■■■.■■%

Shares C3 ■■■.■■% ■■■.■■%

Australian Shares C4 ■■■.■■% ■■■.■■%

Overseas Shares C5 ■■■.■■% ■■■.■■%

Property* C6 ■■.■■% ■■■.■■%

Total ■■■.■■% ■■■.■■%

Must total 100% Must total 100%

* Conditions apply. See ‘Declaration’.‡ If you have transferred from an existing REST account, future transactions will be paid in the same proportions as your transferred

investment balances. If you wish for your future transaction to be paid differently, please fill out the ‘Future transactions’ details above.~ If you only complete opening balance, your future transactions will be paid in the same proportions as your opening balance.

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Section 2: Where is this money coming from?

You may tick more than one option.

■ Transfer from your existing REST accumulation account

REST Member Number: ■■■■■■■■■■■■ Full Balance#

■ Fixed amount of $■,■■■,■■■.■■■ Keep my REST accumulation account open with the minimum balance

# If you are transferring from a REST accumulation account, please note that by transferring the whole amount, your REST accumulation account will close and any associated insurance will cease.

■ Close your existing REST Pension account and start a new one†~

If you are closing down an existing REST Pension account and starting a new REST Pension account with additional external funds, you are required to open up a REST account (if you do not have an existing REST accumulation account) in order to combine your funds. Please visit rest.com.au to open a REST account online or to get a REST PDS.

REST Pension Member Number: ■■■■■■■■■■■† If you are closing down an existing REST Pension account and opening a new one, please note that any remaining pension amount due to you, as part of the minimum required pension amount, will be paid to you when we close your existing REST Pension account.

~ Closing an existing pension account commenced before 1 January 2015 can have an effect on the income deeming rules used to assess your eligibility for Centrelink and Department of Veterans’ Affairs (DVA) income support payments. We recommend that you seek advice from Centrelink, DVA or your financial adviser before closing down an existing pension account.

■ Additional rollovers/funds+ (complete details below)

Please complete the details below for each rollover/transfer you would like to include in your REST Pension

If you would like REST to arrange the rollover of your super money in other funds to REST, you will need to complete a separate transfer authority form for each rollover. Please complete the ‘Rollover initiation request’ for whole balance transfers or the ‘Transfer part of your superannuation’ form provided in this PDS.

Transfer 1: Name of super fund Approximate Amount



■■■■■■■■■■■■■■■■■■■ $■,■■■,■■■+Note: Your REST Pension will start once we receive all your rollovers we are expecting as referred to in this section. If you have nominated more than one rollover amount above and you have not completed a REST application form or first opened a REST account online, your money will be held in trust where you will not earn any interest. (Please refer to point 2 in the ‘Checklist for REST Pension Application’ of the REST Pension PDS). Please be aware if REST is unable to allocate the funds within 30 days, the funds will be refunded.

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Section 4: How would you like your pension to be paid?

4A. How often would you like your pension to be paid?

If you do not choose how frequently you would like your pension paid, REST will automatically pay you monthly.

I want to receive my income payments:

■ twice a month ■ monthly ■ quarterly* ■ half-yearly ■ yearly

*Schedule for quarterly payments will be processed on 20th of January, April, July and October. If the usual date of payment is not a business day, your payment will generally be processed on the previous business day.

For half-yearly or yearly payments, please fill in starting month for payment (eg January)

■■■■■■■■4B. How much would you like to be paid?

Please select one of the following#, for the total amount (before tax) you want to receive:

■ the minimum amount allowed under government legislation

■ the maximum amount allowed under government legislation

(Note: This option is only for members choosing the Transition to Retirement Pension)

If you’ve selected to receive the maximum, please select one of the following options to receive:

■ the full maximum this financial year

■ the maximum for the remainder of this financial year on a pro-rata basis

■ an amount of $■,■■■,■■■.■■ for each payment*

■ a total amount of $■,■■■,■■■.■■ the remainder of the year*^# If you do not make a selection, you will be paid the minimum amount allowed under government legislation.* This amount must be between your annual minimum and, if you will be receiving a transition to retirement pension, the maximum limits

allowed by the government. Please refer to the ‘Payment Options’ section of the REST Pension PDS for further information.^ Note: If you invest between 1 June and 30 June, your minimum amount is zero. You may choose not to receive a payment until the

next financial year. This amount will be paid in equal installments based on the number of pension payments that remain between set up and 30 June.

4C. Banking details

Which account would you like your pension and any future lump sum payments paid to?Name of Australian financial institution

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Branch name

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■BSB number Account number

■■■-■■■ ■■■■■■■■■Account name

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Note: Please check your bank details shown above correspond with your latest bank statement. The bank account listed must be held in your name or jointly held in your name. Incorrect bank details will result in your initial pension payment being rejected by the bank, credit union or building society.

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Section 4: How would you like your pension to be paid?

4A. How often would you like your pension to be paid?

If you do not choose how frequently you would like your pension paid, REST will automatically pay you monthly.

I want to receive my income payments:

■ twice a month ■ monthly ■ quarterly* ■ half-yearly ■ yearly

*Schedule for quarterly payments will be processed on 20th of January, April, July and October. If the usual date of payment is not a business day, your payment will generally be processed on the previous business day.

For half-yearly or yearly payments, please fill in starting month for payment (eg January)

■■■■■■■■4B. How much would you like to be paid?

Please select one of the following#, for the total amount (before tax) you want to receive:

■ the minimum amount allowed under government legislation

■ the maximum amount allowed under government legislation

(Note: This option is only for members choosing the Transition to Retirement Pension)

If you’ve selected to receive the maximum, please select one of the following options to receive:

■ the full maximum this financial year

■ the maximum for the remainder of this financial year on a pro-rata basis

■ an amount of $■,■■■,■■■.■■ for each payment*

■ a total amount of $■,■■■,■■■.■■ the remainder of the year*^# If you do not make a selection, you will be paid the minimum amount allowed under government legislation.* This amount must be between your annual minimum and, if you will be receiving a transition to retirement pension, the maximum limits

allowed by the government. Please refer to the ‘Payment Options’ section of the REST Pension PDS for further information.^ Note: If you invest between 1 June and 30 June, your minimum amount is zero. You may choose not to receive a payment until the

next financial year. This amount will be paid in equal installments based on the number of pension payments that remain between set up and 30 June.

4C. Banking details

Which account would you like your pension and any future lump sum payments paid to?Name of Australian financial institution

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Branch name

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■BSB number Account number

■■■-■■■ ■■■■■■■■■Account name

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Note: Please check your bank details shown above correspond with your latest bank statement. The bank account listed must be held in your name or jointly held in your name. Incorrect bank details will result in your initial pension payment being rejected by the bank, credit union or building society.

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Section 5: Who will get your REST Pension if you die?

Please note: If you nominate a reversionary beneficiary, they must be your dependant. If you make a non-binding (preferred) beneficiary nomination or a non-lapsing binding beneficiary nomination, your nominated beneficiary must be your dependant(s) or your estate. Refer to the REST Pension PDS for a definition of dependant and for the restrictions applying to the payment of pensions to children.

If you nominate non-binding (preferred) beneficiaries, the Trustee will decide who will receive your death benefit in the event of your death. The Trustee will have regard to your nominated beneficiary, but may decide to pay your death benefit differently.

■ Reversionary beneficiary nomination > only complete part 5A; OR

■ Non-binding (preferred) beneficiary nomination > only complete part 5B; OR

■ Non-lapsing binding beneficiary nomination > only complete parts 5B and 5C.

Please note: Your nomination will be invalid unless two witnesses sign and date in box 5C.

5A. Reversionary beneficiary nomination

A reversionary death benefit nomination cannot be changed or removed. If you do not nominate a reversionary beneficiary when you start your REST Pension, you cannot do so later. You can only change your nomination by taking out a new REST Pension.

Certified proof of age of your reversionary beneficiary is required before your pension can commence. Copies of proof documents must be certified by a person who is listed in the Checklist as authorised to do so.

Name: DOB

Address: / / Spouse Child 100%

*please see page 8 of the REST Pension PDS for child definition

5B. Non-binding (preferred) or non-lapsing binding beneficiary nomination

If you nominate non-binding (preferred) beneficiaries, the Trustee will decide who will receive your death benefit in the event of your death. The Trustee will have regard to your nominated beneficiary, but may decide to pay your death benefit differently.

Full name and residential address of nominated beneficiary(ies)

Beneficiary date of birth

Relationship to member (select one)

Proportion (%) of death benefit

1. My Legal Personal Representative (My Estate) Not applicable Not applicable %

and/or nominated beneficiary(ies) below

2. Name:DOB Spouse Child %

Address: / / Financial dependant Interdependent







100%

The Trustee accepts no responsibility for checking the eligibility of the person(s) nominated. For all beneficiary nominations to be valid:

• all required information for this section should be completed correctly • total percentage of beneficiary nominations must equal 100% • your request must be received by the Trustee.

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Section 5: Who will get your REST Pension if you die? (continued)

5C. Agreement and declaration – only required for non-lapsing binding nomination

Your non-lapsing binding nomination will be invalid unless:• Two adult witnesses (aged 18 or over) have signed• Neither of your witnesses are named as beneficiaries

• Your witnesses have dated the form the same date as you• The witnesses were present when you signed the form

Signature of applicant Signature of witness 1 Signature of witness 2

Full name of witness 1 Full name of witness 2

Note: The date below must match the date of your two witnesses

Signature Date (DD/MM/YYYY) Signature Date (DD/MM/YYYY) Signature Date (DD/MM/YYYY)

■■ ■■ ■■■■ ■■ ■■ ■■■■ ■■ ■■ ■■■■Section 6: Declaration and signature

I hereby apply to become a member of REST Pension.

I declare and agree that I am:Date you first met this condition (DD/MM/YYYY)

■ reached preservation age and have not retired

■ reached preservation age and have retired from the workforce, or never intend to work over 10 hours per week again

Date (DD/MM/YYYY)

■■ ■■ ■■■■

■ age 60 to 64 and have left or change employment after age 60Date (DD/MM/YYYY)

■■ ■■ ■■■■

■ I have ceased employment due to permanent incapacity or invalidity or have unrestricted non-preserved money

Date (DD/MM/YYYY)

■■ ■■ ■■■■■ age 65 and over

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Section 5: Who will get your REST Pension if you die? (continued)

5C. Agreement and declaration – only required for non-lapsing binding nomination

Your non-lapsing binding nomination will be invalid unless:• Two adult witnesses (aged 18 or over) have signed• Neither of your witnesses are named as beneficiaries

• Your witnesses have dated the form the same date as you• The witnesses were present when you signed the form

Signature of applicant Signature of witness 1 Signature of witness 2

Full name of witness 1 Full name of witness 2

Note: The date below must match the date of your two witnesses

Signature Date (DD/MM/YYYY) Signature Date (DD/MM/YYYY) Signature Date (DD/MM/YYYY)

■■ ■■ ■■■■ ■■ ■■ ■■■■ ■■ ■■ ■■■■Section 6: Declaration and signature

I hereby apply to become a member of REST Pension.

I declare and agree that I am:Date you first met this condition (DD/MM/YYYY)

■ reached preservation age and have not retired

■ reached preservation age and have retired from the workforce, or never intend to work over 10 hours per week again

Date (DD/MM/YYYY)

■■ ■■ ■■■■

■ age 60 to 64 and have left or change employment after age 60Date (DD/MM/YYYY)

■■ ■■ ■■■■

■ I have ceased employment due to permanent incapacity or invalidity or have unrestricted non-preserved money

Date (DD/MM/YYYY)

■■ ■■ ■■■■■ age 65 and over

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Section 6: Declaration and signature (continued)

• I declare and agree that I am not a temporary resident*.

• This form accompanies the REST Pension PDS and I understand and agree to all information in the REST Pension PDS (and Supplementary PDS if applicable) attached to this form.

• I acknowledge that REST has advised me that I should seek advice from a licensed financial adviser before making a decision about my pension.

• I understand that if I have selected investment option(s) without any professional advice regarding my own circumstances or I have chosen not to provide all the information required by my adviser or I have chosen to take up an option(s) that differs from my adviser’s recommendations, I may be making investment decisions or a financial commitment in respect of my pension based on my own views and that may not suit my needs.

• I understand that if my selected investment option(s) for payment run out, future payments will be deducted proportionately across my remaining investment option(s).

• I accept responsibility for any choice of investment option and acknowledge REST shall not be liable for any loss due to a choice made by myself.

• I have read and understood the investment options and payment options in this PDS (and Supplementary PDS if applicable).

• I understand and agree to the following terms and conditions as to illiquidity applying to the Property option, to the extent that I have selected the Property option:

(a) the Property option is an illiquid investment option as it invests mainly in property which cannot be sold quickly without a significant loss in value;

(b) I agree to waive my right to require the Trustee to process any withdrawal, rollover, transfer or switch request (“Transaction Request”) I make within 30 days, due to the illiquid nature of the underlying investments;

(c) the Trustee will process Transaction Requests within 30 days, unless the Trustee has frozen Transaction Requests out of the Property option;

(d) the Trustee may, without prior notice, freeze Transaction Requests out of the Property option for up to two years;

(e) as a pension member I may only elect to have a maximum of 80% of my entire initial balance invested in the Property option;

(f) If the Trustee determines to freeze Transaction Requests out of the Property option and I have less than (or equal to) 80% of my entire balance invested in the Property option on a pension payment date during the freeze, then I will still receive my nominated pension payment due on that pension payment date (paid firstly from and in proportion to my non-Property balance(s) on that pension payment date); and

(g) if the Trustee determines to freeze Transaction Requests out of the Property option and I have more than 80% of my entire balance invested in the Property option on a pension payment date during the freeze, then I will receive my minimum legislated pension payment amount (but no more) on that pension payment date (paid firstly from and in proportion to my non-Property balance(s) on that pension payment date).

These terms and conditions have been introduced for the purpose of complying with the illiquid investment rules in Regulation 6.34A of the Superannuation Industry (Supervision) Regulations 1994.

• I am bound by the trust deed and the rules governing the Fund, as amended from time to time.

• The information, statements and declarations given by me on this application are true and correct at the date of signing this application and I will notify the Trustee immediately if any of this information changes.

• I have read and fully understood the ‘Why am I asked to provide my Tax File Number?’ section of the REST Pension PDS on Tax File Number declaration.

• The Trustee shall not be liable for any loss due to any choice of investment option made by myself or by the Trustee.

• I consent to the use and disclosure of information provided in this application form in accordance with the information about privacy in the REST Pension PDS.

• I authorise ■ my advisor to obtain my pension information and discuss this with REST.

The name of my advisor is ■■■■■■■■■■■■■■■■■■■■■■■• I authorise ■ my partner to obtain my pension information and discuss this with REST.

The name of my partner is ■■■■■■■■■■■■■■■■■■■■■■■• I understand that pension payments will be processed by the end of the relevant month(s), usually on the 5th and the 20th (if twice-monthly) of the

relevant months(s) or the previous business day.

• I understand that unless required by law, pension payments will not commence until after all rollovers and transfers indicated in Section 3 of this form are received and processed by REST.

• I have checked off each item of the Checklist included in the REST Pension PDS and enclosed all required documentation. Each document that requires certification has been certified by a person who is listed in the Checklist as authorised to do so.

• REST can contact me by email if I have provided my email address.

Please ensure you read and complete the ‘Checklist for REST Pension Application’ in REST Pension PDS. The checklist can assist you in submitting a complete application.

If you do not want REST to send you direct marketing material, including material from third parties, please tick this box ■• I declare that:

■ I am a domestic politically exposed person.

■ I am not a domestic politically exposed person.

If you do not complete the above declaration, there may be a delay in processing your application. Refer to Section 7 ‘Other important information’ in the REST Pension PDS for further information regarding Domestic politically exposed persons.

Signature of applicant Date (dd/mm/yyyy)

➲ ■■ ■■ ■■■■* A temporary resident is a holder of a temporary visa under the Migration Act 1958, other than a retirement visa holder (subclass 405 or 410), and is not an Australian citizen, a New Zealand citizen or a permanent resident.

Note: Please initial any corrections you have made on any part of this application form. This is important so we can be sure they are genuine changes.

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Rollover initiation request Transfer whole balance of benefit between fundsUnder the Superannuation Industry (Supervision) Act 1993

Section 1: Personal details

Date of birth (dd/mm/yyyy)* Gender

■■ ■■ ■■■■ ■ (M/F)Mr/Mrs/Ms/Miss/Dr* Surname*

■■■■ ■■■■■■■■■■■■■■■■■■■■■■■Given name(s)*

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Other/Previous name(s)

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Residential addressUnit number Street number* Street name*

■■■■ ■■■■■■ ■■■■■■■■■■■■■■■■■Suburb/Town* State* Postcode*

■■■■■■■■■■■■■■■■■■■■ ■■■ ■■■■Telephone (business hours)* Mobile

■■ ■■■■ ■■■■ ■■■■ ■■■ ■■■My Tax File Number (TFN)

■■■ ■■■ ■■■Under the Superannuation Industry (Supervision) Act 1993, you are not obliged to disclose your tax file number, but there may be tax consequences. See ‘what happens if I do not quote my Tax File Number (TFN)? below.

Section 2: Fund details

If you have multiple account numbers with this fund, you must complete a separate form for each account you wish to transfer.FROMFund name*

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Fund phone number (business hours)* Membership or account number

■■ ■■■■ ■■■■ ■■■■■■■■■■Australian Business Number (ABN) Unique Superannuation Identifier (USI)

■■■■■■■■■■■ ■■■■■■■■■■■■ Each Superannuation product is assigned a USI; providing a USI can prevent rollover delays. You can usually find a USI on an annual statement, your rollover fund’s website or by contacting your rollover fund directly.

TOFund nameREST PensionFund addressLocked Bag 5042, Parramatta NSW 2124Fund phone number1300 305 778

REST Pension member number*

■■■■■■■■■■Australian Business Number (ABN)62 653 671 394Unique Superannuation Identifier (USI) RES0102AU

Completing this form: Read the Important information on the following page. This form is only for whole (not part) balance transfers.Please write in BLOCK LETTERS and use a BLACK or BLUE pen. This request will be invalid if unsigned and undated. Fields marked * are mandatory. If you do not complete all of the mandatory fields, there may be a delay in processing your request.Once you’ve completed and signed this form, please mail to: REST Pension, Locked Bag 5042, Parramatta NSW 2124.

Closing an existing pension account commenced before 1 January 2015 can have an effect on the income deeming rules used to assess your eligibility for Centrelink and Department of Veterans’ Affairs (DVA) income support payments. We recommend that you seek advice from Centrelink, DVA or your financial advisor before closing down an existing pension account.


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Proof of identity

For transfers between super funds, your FROM fund will certify your identification (ID) with the Australian Taxation Office (ATO). Where a positive match is made your benefit can be transferred to REST. However if a positive match cannot be made your FROM fund may require that you provide certified copies of your proof of identification documents (including any linking documents).

Section 3: Authorisation

By signing this request form I am making the following statements:

• I declare I have fully read this form and the information completed is true and correct.• I am aware I may ask my superannuation provider for information about any fees or charges that may apply, or any other

information about the effect this transfer may have on my benefits and have obtained or do not require such information.• I consent to my tax file number being disclosed for the purposes of consolidating my account.• I discharge the superannuation provider of my FROM fund of all further liability in respect of the benefits paid and

transferred to my TO fund.

I request and consent to the transfer of superannuation as described above and authorise the superannuation provider of each fund to give effect to this transfer.

Name (print in BLOCK letters)*

Signature*

Date (dd/mm/yyyy)*➲ ■■ ■■ ■■■■What happens if I do not quote my Tax File Number (TFN)?

You are not required to provide your TFN to your super fund. However, if you do not provide your TFN, your super fund may be taxed at the highest marginal tax rate plus the Medicare levy on contributions made to your account in the year, compared to the concessional tax rate of 15%. Your fund may deduct this additional tax from your account.

If your super fund does not have your TFN, you will not be able to make personal contributions to your super account. Choosing to quote your TFN will also make it easier to keep track of your super in the future.

Under the Superannuation Industry (Supervision) Act 1993, your super fund is authorised to collect your TFN, which will only be used for lawful purposes. These purposes may change in the future as a result of legislative change. The TFN may be disclosed to another super provider when your benefits are being transferred, unless you request in writing that your TFN is not to be disclosed to any other trustee.

Important information

These instructions only relate to completing this form to transfer into REST. By completing this form, you will initiate a rollover request to transfer the whole balance of your super benefits between funds. This transfer may close your account and may affect any insurance arrangements you have with your FROM fund (you will need to check this with your FROM fund).

This form can NOT be used to:

• Transfer part of the balance of your super benefits• Transfer benefits if you don’t know where your super is• Transfer benefits from multiple funds on this one form

– a separate form must be completed for each fund you wish to transfer super from

• Change the fund to which your employer pays contributions on your behalf

• Open a super account• Transfer benefits under certain conditions or circumstances,

for example if there is a super agreement under the Family Law Act 1975 in place.

What happens to my future employer contributions?

Using this form to transfer your benefits will not change the fund to which your employer pays your contributions and may close the account you are transferring your benefits FROM.

If you wish to change the fund into which your contributions are being paid, you will need to speak to your employer about your choice of fund. For the appropriate forms and information about whether you are eligible to choose the fund to which your employer contributions are made, visit superchoice.gov.au or call the ATO on 13 10 20.

Things you need to consider when transferring your super

When you transfer your super, your entitlements under that fund may cease. You need to consider all the relevant information before you make a decision to transfer your super. If you ask for information, your super provider must give it to you. Some of the points you may consider are:

• Fees – your FROM fund must give you information about any exit or withdrawal fees. If you are not aware of the fees that may apply, you should contact your fund for further information before completing this form. The fees could include administration fees as well as exit or withdrawal fees. Your TO fund may also charge entry or deposit fees on transfer. Differences in fees funds charge can have a significant effect on what you will have to retire on. For example, a 1% increase in fees may significantly reduce your final benefit.

• Death and disability benefits – your FROM fund may insure you against death, illness or an accident which leaves you unable to return to work. If you choose to leave your current fund, you may lose any insurance entitlements you have. Other funds may not offer insurance, or may require you to pass a medical examination before they cover you. When considering a new fund, you may wish to check the costs and amount of any cover offered.

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Current REST member number

■■■■■■■■■■■■■■■■■■■Mr/Mrs/Ms/Miss/Dr* Surname*

■■■■ ■■■■■■■■■■■■■■■■■■■■■■Given name(s)*


■■ ■■ ■■■■ ■ (M/F)

Residential address

Unit number* Street number* Street name*



■■ ■■■■ ■■■■ ■■■■ ■■■ ■■■Email address

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Postal address (if different from above)

Unit number Street number Street name


■■■■■■■■■■■■■■■■■■■■ ■■■ ■■■■Section 2: Tax File Number (TFN)

Your Tax File Number: ■■■■■■■■■Under the Superannuation Industry (Supervision) Act 1993, you are not obliged to disclose your tax file number, but there may be tax consequences. Please read the ‘Why am I asked to provide my Tax File Number?’ section of the REST Pension Product Disclosure Statement (PDS).


Transfer part of your superannuation REST Pension

Use this form to transfer part of your superannuation from a REST or non-REST super fund into your REST Pension.

If you wish to transfer your whole superannuation balance, you will need to complete the ‘Rollover initiation request – transfer whole balance of benefit between funds’ form. For multiple transfers, complete a separate form for each benefit you wish to transfer.



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Section 3: Details of fund where monies are coming from

Name of fund where money is held Unique Superannuation Identifier (USI)

■■■■■■■■■■■■■ ■■■■■■■■■■■■■■Australian Business Number (ABN)

■■■■■■■■■■■Name and address of fund or fund administrator

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Other fund member number/policy number Fund phone number

■■■■■■■■■■■■■■■■■ ■■ ■■■■ ■■■■Name of employer contributing to the other fund (if applicable)

■■■■■■■■■■■■■■■■■Section 4: Transfer details

Please fill in the amount you wish to transfer:

A partial amount of $■,■■■,■■■.■■I wish to transfer my funds from the super fund nominated in Section 3 into REST Pension.

Note: Your previous super fund may charge an exit fee for this transfer. Please check with the administrator of your previous super fund for details of any such fees. No entry fee will be charged by REST to accept this benefit.

Section 5: Declaration and signature

By signing this declaration, I am making the following true and correct statements:

• I authorise the transfer of my benefits from my other super fund to REST Pension.• I approve the deduction of any applicable transfer fees, exit fees and taxes from the benefit being transferred (subject to

legislative restrictions).• I am aware that I may ask my superannuation provider for information about any fees or charges that may apply, or any

other information about the effect this transfer may have on my benefits, and have obtained or do not require any further information.

• I understand that I may lose any insurance entitlements from my other super fund.• I understand that, in certain circumstances, the trustee may be required to deduct tax from the untaxed portion of any

amount transferred.• I understand and acknowledge the implications and effects of transferring my benefits from my other super fund to

REST Pension.

• I consent to my TFN being used by the trustee on the basis set out in the ‘Why am I asked to provide my Tax File Number?’ section of the REST Pension PDS (ie for the purposes of consolidating my account and other purposes permitted by law).

Name (Please print in BLOCK LETTERS)

Signature of applicant

Date (dd/mm/yyyy)➲ ■■ ■■ ■■■■For information of the transferring fund

REST Pension Locked Bag 5042 Parramatta NSW 2124 USI: RES0102AU ABN: 62 653 671 394

REST is a complying, resident, regulated superannuation fund within the meaning of the Superannuation Industry (Supervision) Act (SIS) 1993. The Trustee certifies that the Fund is not subject to a direction under Section 63 of SIS.

Your Privacy Your privacy is important to us. Our Privacy Policy sets out how your personal information is managed, and is available at rest.com.au Office Use

Each Superannuation product is assigned a USI; providing a USI can prevent rollover delays. You can usually find a USI on an annual statement, your rollover fund’s website or by contacting your rollover fund directly.

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Tax File Number Declaration


Make sure you read all the instructions before you complete this declaration.

Section 1: To be completed by the PAYEE

1. What is your Tax File Number (TFN)?

■■■ ■■■ ■■■ ■ OR, I have made a separate application/enquiry to the Australian Taxation Office for a new or existing TFN

■ OR, I am claiming an exemption because I am a pensioner2. What is your name?

Mr/Mrs/Ms/Miss/Dr Surname

■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■Given name(s)

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■3. If you have changed your name since you last dealt with the Australian Taxation Office, show your previous family name

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■4. Date of birth (DD/MM/YYYY)

■■ ■■ ■■■■5. What is your home address in Australia?Unit number Street number Street name

■■■■ ■■■■■■ ■■■■■■■■■■■■■■■■■Suburb/Town State Postcode

■■■■■■■■■■■■■■■■■■■■ ■■■ ■■■■6. On what basis are you paid? (select only one)

■ Full-time employment ■

Part-time employment ■

Labour hire ■

Superannuation Income Stream ■

Casual employment

7. Are you an Australian resident for tax purposes?

■ Yes ■ No (you must answer ‘No’ at question 8)

8. Do you want to claim the tax-free threshold from the payer? (Only claim the tax-free threshold from one payer!) If you have more than one source of income and currently claim the tax-free threshold from another payer, DO NOT claim it now.

■ Yes ■ No ( Answer ‘No’ at questions 9 and 10 unless you are a non-resident claiming a senior Australians, zone or overseas forces tax offset)

9. Do you want to claim the senior Australians tax offset by reducing the amount withheld from payments made to you? If you have more than one source of income and currently claim the tax free threshold from another payer, DO NOT claim it now.

■ Yes (Complete a Withholding declaration, but only if you are claiming the tax-free threshold from this payer) ■ No

10. Do you want to claim a zone, overseas forces, dependent partner or special tax offset by reducing the amount withheld from payments made to you?

■ Yes (Complete a Withholding declaration) ■ No

11. (a). Do you have an accumulated Higher Education Loan Programme (HELP) debt or Trade Support Loan (TSL) debt?

■ Yes (Your payer will withhold additional amounts to cover any compulsory repayments) ■ No

11. (b). Do you have an accumulated Financial Supplement debt?


The Trustee company of Retail Employees Superannuation Trust ABN 62 653 671 394 is Retail Employees Superannuation Pty Limited ABN 39 001 987 739, AFSL 240003. Registered Office: Level 7, 50 Carrington Street, Sydney NSW 2000. Office Use

This declaration is NOT an application for a Tax File Number.

Page 1 of 2

Tax File Number Declaration


Make sure you read all the instructions before you complete this declaration.

Section 1: To be completed by the PAYEE

1. What is your Tax File Number (TFN)?

■■■ ■■■ ■■■ ■ OR, I have made a separate application/enquiry to the Australian Taxation Office for a new or existing TFN

■ OR, I am claiming an exemption because I am a pensioner2. What is your name?

Mr/Mrs/Ms/Miss/Dr Surname

■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■Given name(s)

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■3. If you have changed your name since you last dealt with the Australian Taxation Office, show your previous family name

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■4. Date of birth (DD/MM/YYYY)

■■ ■■ ■■■■5. What is your home address in Australia?Unit number Street number Street name

■■■■ ■■■■■■ ■■■■■■■■■■■■■■■■■Suburb/Town State Postcode

■■■■■■■■■■■■■■■■■■■■ ■■■ ■■■■6. On what basis are you paid? (select only one)

■ Full-time employment ■

Part-time employment ■

Labour hire ■

Superannuation Income Stream ■

Casual employment

7. Are you an Australian resident for tax purposes?

■ Yes ■ No (you must answer ‘No’ at question 8)

8. Do you want to claim the tax-free threshold from the payer? (Only claim the tax-free threshold from one payer!) If you have more than one source of income and currently claim the tax-free threshold from another payer, DO NOT claim it now.

■ Yes ■ No ( Answer ‘No’ at questions 9 and 10 unless you are a non-resident claiming a senior Australians, zone or overseas forces tax offset)

9. Do you want to claim the senior Australians tax offset by reducing the amount withheld from payments made to you? If you have more than one source of income and currently claim the tax free threshold from another payer, DO NOT claim it now.

■ Yes (Complete a Withholding declaration, but only if you are claiming the tax-free threshold from this payer) ■ No

10. Do you want to claim a zone, overseas forces, dependent partner or special tax offset by reducing the amount withheld from payments made to you?

■ Yes (Complete a Withholding declaration) ■ No

11. (a). Do you have an accumulated Higher Education Loan Programme (HELP) debt or Trade Support Loan (TSL) debt?


11. (b). Do you have an accumulated Financial Supplement debt?


The Trustee company of Retail Employees Superannuation Trust ABN 62 653 671 394 is Retail Employees Superannuation Pty Limited ABN 39 001 987 739, AFSL 240003. Registered Office: Level 7, 50 Carrington Street, Sydney NSW 2000. Office Use

This declaration is NOT an application for a Tax File Number.

947.4 10/15 ISS3Page 2 of 2

Section 2: Tax File Number consent

By providing my TFN to the Trustee on this form, I agree to:• my TFN being used by the Trustee on the basis set out on page 21 of the PDS on Tax File Number declaration (ie. for all

superannuation purposes, including the purposes under the current and future provisions of the Superannuation Industry (Supervision) Act 1993) and to consolidate my superannuation funds; and

• REST disclosing my TFN to the ATO, to superannuation providers identified by the ATO that may hold superannuation benefits in respect of me, and to those superannuation providers nominated by me, in order to: • receive results of any searches of the ATO’s super records; • receive transfers or payments of any amount identified through the search process; and • otherwise assist in consolidating my superannuation accounts.

■ Tick this box only if you do not agree to the above uses of your TFN

Declaration by payee: I declare that the information that I have given is true and correct.

Date (dd/mm/yyyy) ➲ ■■ ■■ ■■■■There are penalties for deliberately making a false or misleading statement.

Section 3: To be completed by the PAYER

1. What is your Australian business number (ABN)?

■■ ■■■ ■■■ ■■■2. What is your registered business name or trading name?

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■3. What is your business address?

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Suburb/Town State Postcode

■■■■■■■■■■■■■■■■■■■■ ■■■ ■■■■4. Who is your contact person?

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Business phone number

■■■■■■■■■■Declaration by payer: I declare that the information that I have given is true and correct.

Signature of payer


Section 4: Instructions for filling out TFN form

If you need help completing the Tax File Number declaration, or if you wish to see the Australian Taxations Office’s privacy statement, you can:• visit www.ato.gov.au, or• phone 132861 between 8.00am and 6.00pm, Monday to Friday

Please note that references to page numbers on the Tax File Number declaration form refers to page numbers on the Australian Taxation Office’s Tax File Number declaration information.

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947.4 10/15 ISS3Page 2 of 2

Section 2: Tax File Number consent

By providing my TFN to the Trustee on this form, I agree to:• my TFN being used by the Trustee on the basis set out on page 21 of the PDS on Tax File Number declaration (ie. for all

superannuation purposes, including the purposes under the current and future provisions of the Superannuation Industry (Supervision) Act 1993) and to consolidate my superannuation funds; and

• REST disclosing my TFN to the ATO, to superannuation providers identified by the ATO that may hold superannuation benefits in respect of me, and to those superannuation providers nominated by me, in order to: • receive results of any searches of the ATO’s super records; • receive transfers or payments of any amount identified through the search process; and • otherwise assist in consolidating my superannuation accounts.

■ Tick this box only if you do not agree to the above uses of your TFN

Declaration by payee: I declare that the information that I have given is true and correct.


Section 3: To be completed by the PAYER

1. What is your Australian business number (ABN)?

■■ ■■■ ■■■ ■■■2. What is your registered business name or trading name?

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■3. What is your business address?

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Suburb/Town State Postcode

■■■■■■■■■■■■■■■■■■■■ ■■■ ■■■■4. Who is your contact person?

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Business phone number

■■■■■■■■■■Declaration by payer: I declare that the information that I have given is true and correct.

Signature of payer


Section 4: Instructions for filling out TFN form

If you need help completing the Tax File Number declaration, or if you wish to see the Australian Taxations Office’s privacy statement, you can:• visit www.ato.gov.au, or• phone 132861 between 8.00am and 6.00pm, Monday to Friday

Please note that references to page numbers on the Tax File Number declaration form refers to page numbers on the Australian Taxation Office’s Tax File Number declaration information.

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S U P E R A N N U A T I O N P T Y L I M I T E D

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S Y D N E Y N S W 2 0 0 0

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1 3 0 0 3 0 5 7 7 8

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46



REST Privacy collection statement REST may collect personal information from you. REST may also collect your personal information from your employers, medical advisers, the Australian Taxation Office, other superannuation and insurance entities, clearing houses, gateway providers, address-matching service providers, service providers who conduct internet based surveys or run call centres and your spouse or friends.

We are required to collect your name, address, date of birth and other verification information under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and we are required and authorised to collect your Tax File Number in various circumstances covered by the Superannuation Industry (Supervision) Act 1993 (Cth).

We collect, hold, use and disclose your personal information to:

• establish and operate your membership account • process contributions to your account• correspond with you regarding your account • provide you with superannuation, insurance or

other products, services, benefits or options (REST Services) (or information about them)

• help locate your lost super and to consolidate your super

• respond to your enquiries and requests for information

• conduct surveys, research and analytics• test potential REST Services• understand and meet your superannuation needs

over your lifetime.

If we cannot collect your personal information we may be unable to provide you with REST Services (or information about them) or we may be unable to tailor the content of our websites to your preferences or to give you more relevant content.

We may disclose your personal information to third parties including:

• mailing and printing companies• archiving companies• auditors, actuaries and legal advisers

• employers• insurers• medical practitioners• service providers, including contribution arrears

collection services and address matching services • marketing and communications agencies• research and analytics providers• administrators and advisers• IT services • our preferred financial services organisations and

advice companies.

We may disclose personal information to entities located overseas, including India, the Philippines, the United States of America and the United Kingdom.

Our Privacy Policy contains information about how you may access and correct the personal information that we hold about you and how to lodge a complaint relating to our treatment of your personal information, and how we will deal with the complaint. Our Privacy Policy is available at rest.com.au or by contacting us.

How to contact usYou may contact us by phone on 1300 300 778 by email at [email protected] Or by writing to:

Privacy Officer REST Industry Super Locked Bag 4085 Parramatta NSW 2124

Or you can visit us at: Level 7, 50 Carrington Street Sydney NSW 2000

Retail Employees Superannuation Pty Ltd, ABN 39 001 987 739, AFSL 240003, as Trustee of the Retail Employees Superannuation Trust (REST) Fund ABN 62 653 671 394

Issued by Retail Employees Superannuation Pty Limited ABN 39 001 987 739 AFSL 240003 Retail Employees Superannuation Trust ABN 62 653 671 394 Unique Superannuation Identifier RES0102AU 462.1 10/15 ISS13

rest pension · rest pension customer service personnel are not representatives of the trustee. any...

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