Membership Guide - SuperFacts.com

Lutheran SuperRollover formRoll other super money into Lutheran SuperTo rollover other super money you have from previous super funds, complete this form and send it to your previous super provider.If you have super money with more than one previous super provider you’ll need to complete a separate Rollover form for eachamount and forward it to each provider. Once your previous super money has been received and credited to your super accountbalance, you’ll receive confirmation from Lutheran Super.You may also need to read the material provided to you on joining Lutheran Super for more information on how your rollover willbe treated.If you need helpFor assistance call the Helpline on 1800 635 796, or refer to www.lutheransuper.com.auStep 1 – Complete your personal detailsPlease print in black or blue pen,in uppercase, one character per box.A✓Title Mr Mrs Ms Miss Other Date of birth / /Given namesSurnameResidential addressSuburb State PostcodePostal address (if different from above)Suburb State PostcodeDaytime TelephoneE-mail-Membership numberName of your employerContinued overIssued by LCA Nominees ABN 61008204939, AFS Licence No. 240571 RSE Licence No. L0002103 as Trustee for Lutheran Super ABN 93371348387, Registration No.R1005707.*LCASF.E01781*

Step 2 – Provide details of your previous super fundName of previous fund or policyAddress of previous fundSuburbStatePostcodeMembership or policy numberApproximate value$ , ,Step 3 – Attach proof of identityYou may need to provide proof of identity to your previous super fund to allow payment of your super benefit to this Fund.Please check with your previous fund if certified ID is required. If you have more than one rollover, you will need to check therequirements of each of your previous super funds.If ID is required, please attach a copy of either your driver’s licence or passport (or acceptable alternatives), certified whererequired. If you have more than one rollover and certified ID is required by each fund, please attach an original certified copyfor each rollover.If you do not provide proof of identity where it is required, there may be delays in processing your payment(s).Step 4 – Instructions to previous super provider and sign the formI request that you transfer the total value held in respect of me for the above super fund or policy to Lutheran Super:• I have read the Short-Form Product Disclosure Statement dated 15 January 2010 and I understand that I can not accessthe roll over until I satisfy a relevant condition of release.• I understand that on payment by my previous super fund, I discharge that super fund from any further liability in respectof the amount transferred.• I approve the deduction of any appropriate exit fees from the amount transferred subject to legislative restrictions.• I understand that information contained in this form will be handled by the Trustee of Lutheran Super to process my rolloverand that any personal information may be disclosed to the administrator, government agencies or any other party asnecessary. By signing this form I consent to the handling of my personal information in this way.• to access my personal information I can contact the Fund’s Privacy Officer.• I understand that I will receive confirmation once my money has been received in Lutheran Super.• I understand that I have the right to ask my previous super fund for information that I reasonably require for the purposeof understanding any super entitlements I may have in that fund, including information about any fees and charges thatmay apply to the transfer and information about the effect of the transfer on any entitlements I have in my previous superfund. I confirm that I do not require such information from my previous fund.SignatureDate✗/ /Don’t forget to send this form to your previous super provider together with your proof of identity (if required)*LCASF.E01782*

Notes for previous superannuation providerName of Fund: Lutheran Super SFN: 157512945 ABN: 93371348387 SPIN: No Spin for FundWhen transferring money in to Lutheran Super please note:• Lutheran Super is a regulated super fund under the Superannuation Industry (Supervision) Act 1993. Accordingly LutheranSuper can accept the rollover of both preserved and non-preserved benefits in accordance with the Superannuation Industry(Supervision) Act.• Cheques should be made payable to Lutheran Super – Account of [member’s name]• Please forward:- this authority- the cheque- a Rollover Benefits Statement- other associated documentation toLutheran SuperGPO Box 4303Melbourne VIC 3001*LCASF.E01783*

Completing proof of identityWhat you need to provide before your payment can be processedPrimary Photographic IdentificationYou will need to provide a copy of one of the following primary identification documents:• Current Australian or foreign driver’s licence containing a photo, address and signature• Australian passport containing a photo and signature that is current or expired within the last two years• Current foreign passport, or similar document issued for the purpose of international travel, containing a photo and signature• Current card issued under a State or Territory for the purpose of proving a person’s age, including a photo• Current national identity card issued by a foreign government for the purpose of identification, containing a photo and signatureSecondary IdentificationIf you are unable to provide any primary identification, you will need to provide a document from each of the following lists:Provide ONE of the followingprimary non-photographicidentification documents:• birth certificate or birth extract• citizenship certificate issued by theCommonwealth• pension card issued by Centrelinkthat entitles the person to financialbenefitsANDONE of the following secondary identification documentscontaining your name and residential address:• letter from Centrelink (or other Government body) within the pasttwelve months regarding a Government assistance payment• Tax Office Notice of Assessment issued within the past twelvemonths• rates notice from local council issued within the past three months• electricity, gas or water bill issued within the past three monthsWhat is a certified copy?The copy of the identification document provided MUST be certified as a true and correct copy by a person authorised to do so.Please see below for information on how to, and who can, certify documents.How to certify documentsAfter sighting the original and the copy and making sure both documents are identical, the certifier must include on EACH page:• Written or stamped ‘certified true copy’• Signature and printed name• Date (the date of certification must be within twelve months prior to the date the form is received by us)• Qualification (such as Justice of the Peace, Australia Post employee, etc).Who can certify documents in AustraliaAny one of the following authorised persons can certify documents as being true and correct copies:1. A person who is currently licensed or registered under a law to practice in one of the following occupations:Chiropractor Dentist Legal practitioner Medical practitionerNurse Optometrist Patent attorney PharmacistPhysiotherapist Psychologist Trade marks attorney Veterinary surgeon2. A person enrolled on the roll of the Supreme Court of a State or Territory, or the High Court of Australia, as alegal practitioner3. A person on the following list:• Australia Post Permanent Employee or Agent (who is currently employed with the post office & has at least twocontinuous years of service or is in charge of supplying postal services to the public)• Australian Consular Officer or Australian Diplomatic Officer (within the meaning of the Consular Fees Act 1955)• Bailiff• Bank Officer, Building Society Officer or Credit Union Officer (with two or more continuous years of service)• Commissioner for Affidavits or Declarations• Fellow of the National Tax Accountant’s Association• Finance Company Officer (with two or more continuous years of service with one or more finance companies)• Justice of the Peace• Marriage celebrant (registered under Subdivision C of Division 1 of Part IV of the Marriage Act 1961)continued over*LCASF.E01783*

Completing proof of identity• Member of Chartered Secretaries Australia• Member of Engineers Australia (other than at the grade of student)• Member of the Association of Taxation and Management Accountants• Member of the Australasian Institute of Mining and Metallurgy• Member of the Australian Defence Force (who is an officer; or a non-commissioned officer within the meaning of theDefence Force Discipline Act 1982 with two or more years of continuous service or a warrant officer within the meaning ofthat Act)• Member of the Institute of Chartered Accountants in Australia, the Australian Society of Certified PractisingAccountants or the National Institute of Accountants• Member of Commonwealth Parliament, State Parliament, Territory Legislature or a Local Government Authority(State or Territory)• Minister of Religion (under Subdivision A of Division 1 of Part IV of the Marriage Act 1961)• Notary Public• Australia Post Permanent Employee (who is currently employed with the post office and has at least two continuousyears of service)• Permanent employee of the Commonwealth (or Commonwealth Authority) or a State or Territory (or State orTerritory Authority) or a Local Government Authority with two or more years of continuous service• Person before whom a statutory declaration may be made under the law of the State or Territory in which thedeclaration is made• Police Officer or Sheriff• Teacher employed on a full-time basis at a school or tertiary education institution• Senior Executive Service Employee of the Commonwealth (or Commonwealth Authority) or a State or Territory(or State or Territory Authority)• Court Officer:- Registrar or Deputy Registrar of a Court- Judge- Clerk- Magistrate- Master of a Court- Chief Executive Officer of a Commonwealth Court4. Officer with, or Authorised Representative of an Australian Financial Services Licensee (who has had at least twoyears of continuous service with one or more licensees)Who can certify documents outside of Australia• an authorised staff member of an Australian Embassy, High Commission or Consulate• an authorised employee of the Australian Trade Commission who is in a country or place outside Australia• an authorised employee of the Commonwealth of Australia who is in a country or place outside Australia• a Member of the Australian Defence Force who is an officer or a non-commissioned officer with 5 or more years ofcontinuous service• a notary public, subject to approval by the Fund AML/CTF Officer on a case by case basis. Please contact the Fund for adviceprior to obtaining a notary public certification.Change of name or signing on behalf of another personIf you have changed your name or are signing on behalf of the applicant, you will need to provide a suitable certified supportingdocument:Change of namePurposeSigned on behalf of the applicantSuitable supporting documentCertified copy of marriage certificate, deed poll or changeof name certificate from the Births, Deaths and MarriagesRegistration OfficeCertified copy of guardianship papers or Power of Attorney*LCASF.E01783*20100922

Section 3 – Growing your superSuperannuation is all about financial security and saving foryour retirement. If your employer makes contributions foryou, your compulsory super is designed to help you to buildyour retirement nest egg. However, compulsory super byitself may not be enough to give you the retirement lifestyleyou’d like. To reach your savings goals and be sure you havesavings enough to do the things you’ve planned, you maywish to consider making extra contributions to your super.Super tipKnow where you’re going by setting yoursavings goalsKnowing where you are going financially and havinga savings plan to get is critical to your successfulsuper saving.Seeking advice from a licensed or appropriately qualifiedfinancial adviser can help you to develop your personalfinancial plan and understand what you may need to doto achieve your goal.While it is often difficult to find extra money to put intoyour super, since it is generally a long term investment, timecan be a powerful partner when it comes to growing yoursavings. Small amounts contributed early can really make adifference to your savings in the long run. A key benefit ofsuper is that it is a tax effective way to save. Seeking financialadvice can be very useful in making sure your super strategyis the best it can be.Super contributionsThere are different types of contributions you and youremployer can make to help boost your super. For moreinformation about the types of contributions that are ableto be made to super, the annual limits on contributions, andthe tax that applies to contributions, please read the PDS.Give your super an extra boost – for free!If you are a low income earner and you make after-taxcontributions to your super, you may be eligible for aGovernment co-contribution to give your super an extraboost. The Government pays $1 for every $1 of extracontribution you make to your super, up to the maximumof $1,000. If you have an assessable income* of up to$31,920 (2011/12 financial year), you may be entitled to themaximum co-contribution. For assessable incomes* above$31,920, the maximum co-contribution will reduce by 3.33cents for each $1 of income, and phase out completely at anincome of $61,920. The income thresholds are indexed eachyear. Conditions apply, so see the PDS for more information.* Assessable income includes wages, share dividends, reportable fringe benefits andany salary sacrifice contributions to super.Super tipRollovers – don’t let multiple fees eat awayat your superDid you know that most Australians have more thanone super account? Having more than one accountmeans that you’re paying more than one set of fees.To avoid paying multiple sets of fees, you can rolloversuper money into Lutheran Super. That way, you’ll onlybe paying one set of fees and you will have only oneset of paperwork to think about. However, beforemaking any decision, you should contact a licensedfinancial adviser.It’s easy to roll your super over, simply complete theRollover form from Section 2 of this Guide and sendit to your previous fund. If you want to rollover morethan one other super account into Lutheran Super,photocopy the form, download a form from the websiteor call the Helpline for a copy.For more information please refer to the ProductDisclosure Statement available on the website.3

Section 4 – Investing your superRead this sectionto complete Step 2of the Application formembership formAt a glance:Minimum account balanceInvestment optionsNo minimum required• Growth – SRI Australian Shares• Growth – Australian Shares• Growth• Balanced• Capital Stable• Capital SecureInvestment option combinations You can choose a single option or a mix of investment options in multiples of 1%,ensuring the total is 100%Default investment optionTrustee mix: 70% Growth/30% Capital StableInvestment feesInvestment choice feesInvestment switching feeInvestment switchingA percentage of your account balance which varies according to the investmentoption(s) that you have chosenNoneNone for the first change each calendar year, then $30 for each subsequent switchAny timeHow your super is invested can have a considerable bearingon your final super savings. One investment approachdoesn’t suit everybody, so in Lutheran Super you have thechoice of one or more of six investment options.How does investment performance affectyour benefits?Your super is known as accumulation style super. Thismeans contributions are made to an account in your nameto the Fund. The money is then invested, according to yourselected investment option(s), and your super increases ordecreases according to how those investment optionshave performed.4

Which option should you choose?The investment option(s) you should choose is dependenton your personal financial circumstances. We encourageyou to seek financial advice from a licensed financialadviser when deciding which investment option suitsyour circumstances.You may want to consider things such as how much riskyou are comfortable with, your investment timeframe(i.e. when you plan to retire) and what you plan to do withyour benefit when you retire.You can choose one or more of the six options available inany percentage as long as the total adds up to 100%. Yourinvestment choice applies to all contributions made to youraccount balance.If you don’t make an investment choice, your super willbe automatically invested in the Trustee Mix, which is acombination of the Growth (70%) and Capital Stable (30%)options. If the Trustee Mix option does not meet yourpersonal investment strategy or objectives, you shouldconsider making an alternate investment choice.Can I switch between investment options?You can change your investment option(s) at any time.The first investment switch each calendar year is free butsubsequent switches will cost $30 each. The relevantbuy/sell spread also applies when switching investmentoptions. See the Fees and charges section on page 14 formore information.Super factTo find out how you investment option is performing,visit www.lutheransuper.com.au or contact the Helplineon 1800 635 796.For more information about investing your super, pleaseread the PDS.Super factDid you know?Investment markets have consistently moved in cycles.All investment options are exposed to investmentmarkets in some degree and this means that over time,your investment will probably fluctuate too. Periodsof decline in investment markets have usually beenfollowed by increasing market returns. Don’t forget, thatin most cases, super is a long-term investment and yourinvestment strategy should reflect this.The value of investments in the Fund and any underlyinginvestment assets may rise and fall from time to time.Neither LCA Nominees Pty Ltd nor any participatingemployers can guarantee investment performance,earnings or the return of capital invested in any of theinvestment options. If you leave the Fund within a fewyears of joining, you may receive a benefit that is lessthan the contributions paid in, due to the effect of taxes,fees and possible negative investment returns.5

InvestmentoptionInvestmentaimBalanced Capital Stable Capital Secure• To maximise long-terminvestment returns, whiletolerating a significant degree ofvolatility in short term returns• To earn returns after tax andfees that exceed CPI increasesby 3% p.a. over rolling five andseven year periods• To seek the security of capitaland to limit year-to-year volatilityin returns• To earn returns after tax andfees that exceed CPI by 2% p.a.over rolling five and sevenyear periods• To seek the security of capitaland to never achieve a negativereturn on assets invested• Expected to achieve investmentreturns consistent with bankdepositsLevel ofinvestmentrisk: thepossibility ofa negativereturnOnce in approximately every six yearsOn average once in every eight toten yearsNever expect to have a negativereturn and achieve returns consistentwith bank depositsInvestmentstrategyInvested in the greatest portion inshares, with some fixed interests anda small amount of cash and propertyInvests in all the major asset classesbut with a relatively low exposure toshares and propertyInvested in cash investments such asbank bills and term deposits74% growth assets,26% defensive assets34% growth assets,66% defensive assets100% defensive assetsInvestmentperformancefor the yearended31 December% p.a.2011 -1.602010 1.642009 13.672008 -24.452007 9.552011 2.412010 4.062009 7.752008 -9.362007 6.222011 3.802010 3.542009 2.622008 4.292007 4.98Five yearcompoundreturn % p.a.-1.21Five yearcompoundreturn % p.a.2.03Five yearcompoundreturn % p.a.3.84Remember, past performance is not an indication of future performance and therefore the returns earned bymembers in the future will not necessarily follow the pattern of past returns.7

Section 5 – Your insurance coverInsurance cover is an important part of your Lutheran Superbenefits, helping to give you or your family financial securityin case something unexpected happens. You can chooseyour level of insurance cover (if you are eligible) to be sureyou have the amount of cover that’s right for you. Oursize gives us buying power to gain competitive insurancepremiums and pass the cost savings onto you.Lutheran Super provides different types of insurance,because misfortune can take different forms, from sicknessto permanent disability and, of course, death.Members eligible for automatic cover will be provided withthree units of death and TPD cover.If you are a standard member, you can apply for three extraunits of death and total and permanent disability coverwithout having to provide evidence of good health within60 days of starting your employment with a participatingemployer, provided you meet at work requirements (seecall out box on page 10 for details). You can nominateyour desired level of cover in Step 3 of the Application formembership form.Lutheran Super offers:• Income protection (IP) cover giving a monthly benefit incase you become sick or injured and can’t work• Total and permanent disability (TPD) cover givinga lump sum benefit if you become totally andpermanently disabled• Death cover which gives your dependants or yourestate a lump sum payment in addition to your superaccount balance• Cover for terminal illness which allows for early paymentof a death benefit• Lifestyle events cover which allows members under age55 to request an increase in death and TPD cover (withinlimits) within 60 days of a lifestyle event occurring,without health evidence.The insurance cover you may be eligible for depends onyour membership. If you are provided with cover, you’recovered 24 hours a day, 7 days a week. Table 2 showsthe cover that may apply to you and your options. If youare eligible to receive basic cover, it will commence fromthe first day you are accepted as a member of the Fund.You can request to increase or decrease your level ofinsurance cover or apply for cover if you don’t have it, at anytime. You can request a different level of death and total andpermanent disablement cover.Insurance cover and your optionsYou have a choice of two ways to receive death and TPDcover through Lutheran Super:• Unit-based cover: where the amount of cover youreceive from one unit depends on your age nextbirthday. You receive less cover for each unit with everybirthday and the cost per unit is fixed.• Fixed cover: where the amount of cover is agreed andfixed but the premium increases with each birthdayafter your 30th birthday.You can also have a combination of fixed cover and unitbasedcover.Please note if you chose to rollover any funds to anothersuper fund you must retain an account balance of at least$5,000 in order for your insurance cover to continue.Table 2: Insurance cover at a glanceType ofinsuranceDeath(includingterminalillness) toage 70Are you eligible?(type of membership)Standard members (full-time orpermanent part-time employeesworking 15 hours a week or more)Casual employees or permanent parttimeemployees working less than 15hours a weekBasic level of insurance 1Three unitsCan I request extra insurance?Unlimited cover in either units or fixed amounts orboth, subject to meeting the insurer’s requirements. 2You have the option to increase your cover by upto three units without health evidence within 60days of starting employment with a participatingemployer.³Total andpermanentdisabilityto age 70Retained membersSpouse membersStandard members (full-time orpermanent part-time employeesworking 15 hours per week or more)Casual employees or permanent parttimeemployees working less than 15hours a weekRetained membersContinues at the same level as when youwere a standard member.Have the option to apply for cover.If provided, cover commences from the datethe insurer provides written acceptance ofthis cover.Three unitsThree units under a restricted TPD definitionUpon ceasing employment or exercisingchoice of fund, cover continues at thesame level as cover you received in yourprevious category. 5Unlimited cover in either units or fixed amounts orboth, subject to meeting the insurer’s requirements. 2Unlimited cover in either units or fixed amounts orboth, subject to meeting the insurer’s requirements.4Maximum of $3,000,000 in either units or fixedamounts or both. 2You have the option to increase cover by up to threeunits without health evidence within 60 days ofstarting employment with a participating employer.³Maximum of $3,000,000 in either units or fixedamounts or both. 2Spouse members Option to apply for TPD cover. 4If provided, cover commences from the datethe insurer provides written acceptance ofthis cover.8

Type ofinsuranceLife eventscoverAre you eligible? (type ofmembership)All members under age 55Basic level of insurance 1If death only or death and TPD cover isprovided, you have the option to increasecover without providing health evidencewithin 60 days of a life event occurring. 6All members age 55 and over Not eligible Not applicableCan I request extra insurance?Option to increase cover by the lesser of:• $200,000 or• 25% of coverThis option can be used only once in a twelvemonth period and a maximum of three times intotal.IncomeprotectionMembers (full-time or permanentpart-time employees working 15hours a week or more)Casual employees or permanent parttimeemployees working less than 15hours a weekRetained membersMonthly benefit providing 75% of basesalary plus 9% Superannuation Guaranteecontribution amount after 90 days waitingperiod and benefit paid up to age 65.(Automatic acceptance of a benefit of up to$15,000 a month)Not eligibleMonthly benefit over $15,000 per month requiresevidence of good health and other information andis subject to acceptance by the insurer.Maximum monthly benefit of $30,000.Option to reduce cover to:• 50% of insured salary or• 25% of insured salaryplus 9% SG contribution amount.Options for benefit payment period:• increase to age 67• decrease to two years.You have the option to increase the benefitpayment to age 67 without health evidence within60 days of starting employment with a participatingemployer. 7Not applicableUpon ceasing employment or exercisingchoice of fund, cover continues at the sameSame terms and conditions as in your previouscategorylevel of cover, benefit period and waitingperiod you received in your previouscategory. 5Spouse members Option to apply for IP cover. 5 Maximum monthly benefit of $30,000.Option to reduce cover to:• 50% of insured salary or• 25% of insured salaryplus 9% SG contribution amount.Options for benefit payment period:• increase to age 67• decrease to two years.1. This is the amount of insurance you will generally be provided with if you don’t request a change to thebasic cover amount.2. If you request cover over the basic level, you will need to provide health evidence. Insurance will be providedonly once your application and evidence of good health have been accepted by the insurer. Conditions maybe imposed.3. Increased death only or death and TPD cover will be provided if you meet the at work requirements(see page 10 for further details) on the date the insurer receives your completed application form. As a newmember of the Fund, if you do not meet at work requirements, limited cover will apply until you have beenat work for 30 consecutive days at which time full cover will apply.4. Insurance will be provided only once your application and evidence of good health have been accepted bythe insurer. Conditions may be imposed.5. Applies to all members (other than spouse members). Eligibility conditions apply for transfer of cover to theretained category.6. Eligibility conditions apply for requests for life event cover.7. Increased benefit period to age 67 will be provided if you meet the at work requirements (see page 10) on the datethe insurer receives your completed application form. If you do not meet at work requirements, limited cover willapply until you have been at work for 30 consecutive days at which point full cover will be provided.Read this section tocomplete Step 3 ofthe Application formembership form.9

What do the terms 'at work' and 'limited cover' mean?You must be at work on the day your cover commences inorder to be eligible for unrestricted cover.At work means:a) you are engaged in your normal duties, withoutlimitation or restriction due to injury or sickness, and areworking normal hours on the day your insurance cover isto commenceb) you are not restricted by sickness or injury from beingcapable of performing your full and normal duties on afull-time basis (for at least 30 hours per week) even thoughyour actual employment can be on a full-time, part-time,contract or casual basis; andc) you are not receiving and/or entitled to claim incomesupport benefits from any source including workers’compensation benefits, statutory transport accidentbenefits and disability income benefits.You will be considered to be at work if on the applicabledate, as the context requires, you are on employerapproved leave for reasons other than injury or sickness,and not taking into account the leave, are able to meet theat work definition.Limited cover: means you are only covered for claimsarising from a sickness which became apparent or aninjury which first occurred on or after the date your covercommenced, most recently commenced or increasedunder the policy.How much unit-based death and TPD cover?Table 3 shows the amount of cover provided by one unit of death and TPD cover for your age as at your next birthday. Basicdeath and disability cover gives three units of cover.Table 3: Insured amount for one unit of coverAge next birthdayInsured amountper unit ($)Age next birthdayInsured amountper unit ($)Age next birthdayInsured amountper unit ($)16 134,400 35 97,500 53 12,60017 134,400 36 90,100 54 10,80018 134,400 37 82,700 55 9,00019 134,400 38 75,300 56 8,00020 134,400 39 67,900 57 7,10021 134,400 40 62,000 58 6,20022 134,400 41 57,600 59 5,30023 134,400 42 53,200 60 4,40024 134,400 43 48,700 61 3,50025 134,400 44 44,300 62 2,70026 134,400 45 39,900 63 1,80027 134,400 46 35,400 64 1,30028 134,400 47 31,000 65 90029 134,400 48 26,600 66 70030 134,400 49 22,100 67 50031 127,000 50 17,700 68 30032 119,600 51 15,500 69 20033 112,200 52 14,000 70 10034 104,800How much does unit based death and TPD cover cost?Table 4 shows the cost of unit based death and TPD insurance cover for each cover type. Insurance premiums are deductedfrom your super account balance each month.Table 4Cover One unit of cover per week Standard cover (three units) per weekDeath only $0.43 $1.29Death and TPD $0.74 $2.2210

Fixed coverIf you request fixed cover, your level of cover will remain the same each year while the cost of your insurance premiumwill increase. Your cover continues until you reach age 70. However at age 61, your TPD cover will decrease by 10% a year,reducing to nil when you reach age 70. Your death cover will remain at the fixed amount until you turn 70.Any requests for fixed cover that is a higher level of cover than provided by three units of death and TPD (or a total ofsix units if you have requested to increase your cover within 60 days of commencing employment with a participatingemployer) requires health evidence to be provided before the cover is agreed.You have two options if you require fixed cover:1) convert your current units of cover to an equivalent amount of fixed cover, or2) apply for fixed cover in addition to your units of cover (must be in $1,000 amounts and subject to providing evidence ofgood health).Cost of fixed coverIf you request fixed cover, your fixed cover premium is calculated using the rate shown in Table 5 that applies for your agenext birthday and the amount of fixed cover you have.Table 5Age next birthday Rate per $1,000of coverAge next birthday Rate per $1,000of coverAge next birthday Rate per $1,000of cover16 0.29 35 0.39 53 3.0517 0.29 36 0.43 54 3.5618 0.29 37 0.47 55 4.2719 0.29 38 0.51 56 4.8120 0.29 39 0.57 57 5.4221 0.29 40 0.62 58 6.2022 0.29 41 0.67 59 7.2623 0.29 42 0.72 60 8.7424 0.29 43 0.79 61 10.9925 0.29 44 0.87 62 14.2526 0.29 45 0.96 63 21.3727 0.29 46 1.09 64 29.5928 0.29 47 1.24 65 42.7429 0.29 48 1.45 66 54.9530 0.29 49 1.74 67 76.9331 0.30 50 2.17 68 128.2232 0.32 51 2.48 69 192.3233 0.34 52 2.75 70 384.6534 0.3711

Lifestyle events coverLutheran Super provides lifestyle events cover, which means that if you are an eligible member with existing cover andyou are under age 55, you can apply to increase your death and TPD cover without providing health evidence within 60 daysof a life event occuring.The events that qualify as lifestyle events include:• marriage¹• the birth or adoption of a child• divorce• child turning 12 years oldHave your circumstances changed?Remember to review your insurance cover if yourpersonal situation changes in any way, for example youget married, divorced, have a child or adopt one, or buya house.• member turning 30 years old• taking out a mortgage²The increase in your cover may be up to the lesser of:• $200,000 or• a 25% increase of your current cover.You can only request one increase within any 12 month period and you can take advantage of this option a maximum ofthree times. You must meet eligibility conditions to apply for life events cover. For details, please read the PDS.1. Where marriage is defined as:- a marriage or customary union as recognised in terms of the laws of Australia or- two adults who are in a relationship as a couple (whether or not legally married to each other), regardless of theirsex, where the two adults live with each other on a permanent and genuine domestic basis and have done so for acontinuous period of at least two years.2. Effecting a mortgage on the purchase of a home or increasing an existing mortgage, for building or renovation works, on your principal place of residence with a registeredmortgage provider.Transferring existing cover to Lutheran SuperIf you have other insurance cover in another super fund or through a personal insurance policy through a retail insurer, youcan transfer this cover (to a maximum of $1,000,000) into Lutheran Super in addition to the cover that you are provided as aLutheran Super member, subject to certain conditions. Please read the PDS for details of these conditions.How much does your IP cover cost?The premium that applies for your IP cover is calculated using a percentage of your insured salary. The percentagedepends on your benefit payment period and your level of cover (i.e. 75%, 50% or 25% of your insured salary plus 9% supercontributions). The premium rates for each option are shown in table 6.Table 6Benefit payment period75% income benefitplus 9% superCost of cover (% of insured salary)50% income benefitplus 9% super25% income benefitplus 9% superUp to two years 0.426% 0.299% 0.172%To age 65 (standard) 1.343% 0.943% 0.544%To age 67 1.573% 1.105% 0.637%For more details about your insurance cover, including the definition of TPD, qualifying for income protection insuranceand the conditions that apply to your insurance cover, please read the PDS.12

Section 6 – Nominating your beneficiaries!In the event of your death, your super benefit and anyinsurance cover you may have will be paid as a lump sumto your dependants and/or legal personal representative.You can nominate your beneficiaries in two ways.Preferred beneficiaries nominationThis is an indication of your preferences only. The Trusteewill not be legally bound by your wishes.To nominate your beneficiaries, you should complete Step 4of the Application for membership form included in Section2 of this Guide.You can also make a nomination of preferred beneficiariesor change your existing preferred beneficiary nomination atany time via the website at www.lutheransuper.com.au orby calling the Helpline on 1800 635 796.ORBinding death benefit nominationThe Trustee is bound to follow a valid legally bindingnomination, which allocates the proportions of your benefityou would like to go to those dependants and/or legalpersonal representative.To make a binding nomination, you must complete andreturn a Making a binding death benefit nomination form,which you can download from the website or call theHelpline for a copy. A valid binding nomination overridesa preferred beneficiary nomination.For more information about nominating your beneficiariesand when a binding death benefit nomination will beinvalid, please read the PDS.Read this sectionto complete Step 4of the Application formembership formSuper factWho can you nominate as your beneficiary?Your dependant:A spouse, child, any person financiallydependent on a fund member or any personthe member has an interdependencyrelationship with or your legalpersonal representative (your estate).Your spouse:A spouse includes:• Another person, whether of the same sex or a different sex,with whom the person is in a relationship that is registeredunder a law of a State or Territory (prescribed for thepurposes of section 22B of the Acts Interpretation Act 1901as a kind of relationship prescribed for the purposes of thatsection); and• Another person who, although not legally married to theperson, lives with the person on a genuine domestic basis ina relationship as a coupleInterdependency relationship is a close personal relationshipbetween two people who live together, where one providesthe other with financial support and one or each provides theother with domestic support and personal care. It will also occurwhere you have a close personal relationship with anotherperson but due to a disability, the other criteria cannot be met.This means that same-sex partners, siblings and adult childrencaring for elderly parents may be eligible. The definitionalso includes a person with a physical, intellectual orpsychiatric disability who may live in an institution but was stillin an interdependent relationship with the deceasedon other criteria.Child includes:• an adopted child, step-child or an ex-nuptial child ofthe person;• a child of the person’s spouse; and• someone who is a child of the person within the meaningof the Family Law Act 197513

Section 7 – Fees and chargesSuper factDid you know?Small differences in both investment performance and fees and costs can have a substantialimpact on your long term returns. For example, total annual fees and costs of 2% of your fund benefitrather than 1% could reduce your final return by up to 20% over a 30-year period (for example, reduce itfrom $100,000 to $80,000).You should consider whether features such as superior investment performance or the provision of better member servicesjustify higher fees and costs. You may be able to negotiate to pay lower contribution fees and management costs whereapplicable. Ask the Fund or your financial adviser.To find out moreIf you would like to find out more, or see the impact of the fees based on your own circumstances,the Australian Securities and Investments Commission (ASIC) website (www.fido.asic.gov.au)has a superannuation calculator to help you check out different fee options.The Trustee is not able to negotiate the fees detailed on this page.Table 7 outlines the fees and charges that may apply to your account in the Fund.Table 7: Fees and costsType of fee Amount How/when paidFees when your money moves in or out of the FundRead this sectionto understand the feesand costs than may applyto your super.Establishment fee: The fee to openyour accountContribution fee: The fee on eachamount contributed to your account byeither you or your employerNoneNoneNot applicableNot applicableWithdrawal fee: The fee on eachamount you take out of your accountTermination fee: The fee to closeyour account$50.00 per withdrawal This fee is deducted from your account atthe time a payment is made$50.00 This fee is deducted from your account atthe time your final payment is madeManagement costsThe fees and costs for managing yourinvestmentThe amount you pay for specificinvestment options is shown in thenext columnService feesInvestment switching feeThis is charged when you switchbetween investment options offered bythe FundFamily law feesApplication for information – in the formatspecified under the Family Law ActSplitting a benefitFlagging a benefitA fee of $1.00 per weekPLUSAn asset based administration fee of 0.30% p.a.of your super account balancePLUSAn asset based investment fee depending on theinvestment option(s) that apply to you:Growth– SRI Australian Shares 0.95% p.a.Growth–Australian Shares 0.00% p.a.Growth 0.16% p.a.Balanced 0.52% p.a.Capital Stable 0.16% p.a.Capital Secure 0.10% p.a.One free switch each calendar year butsubsequent switches are $30 eachIn addition, a buy/sell spread applies dependingon the investment option you selectNone$451.00NoneThis fee is deducted from your accountbalance at 31 December each year or onleaving the FundThe asset based fees, both administrationand investment, are calculated indetermining the unit price for eachinvestment optionThe switch fee is deducted fromyour account balance at the timeyou switch investmentsNot applicableShared equally by both parties and willbe deducted from each super benefit atthe time the benefit is splitNot applicable14

Table 8 contains an example of the fees payable for a member investing in the Balanced option using certain assumptions aboutcontributions and account balance. You should use this table to compare Lutheran Super with other superannuation products.Table 8: Fees and costsExample – the Balanced optionContribution fees Nil For every $5,000 you will incur no costBalance of $50,000 with total contributions of $5,000 during the yearPLUS management costsEQUALS cost of Fund0.82% (0.30% + 0.52%) ofyour super account balance+ $52 ($1 per week)For every $50,000 you have in the Fund you will be charged $410.00 each yearplus $52.00 in administration fees regardlessof your balanceIf you put in $5,000 during a year and your balance was $50,000, then for thatyear you would be charged fees of $462.00What it costs you will depend on the investment option(s) you chooseTransaction and operating costsThe buy price of units in an investment option may vary from the sell price of those units. The difference between the buyand sell price is commonly called the ‘buy/sell’ spread and represents an allowance for transactional and operational costs,expenses, commissions, brokerage and other fees incurred in buying or selling part of the option’s underlying investments.Any buy/sell spread is additional to the management costs you incur that are detailed in Table 7. No part of the buy/sellspread is paid to the Trustee or any external investment manager, nor is it subject to GST.Table 9: Buy/sell spreadsOption Buy/sell spread %Growth – SRI Australian Shares 0.50Growth – Australian Shares 0.50Growth 0.41Balanced 0.44Capital Stable 0.21Capital Secure 0.00Member protectionGovernment legislation aims to protect small accounts from erosion from fees and charges. The Trustee currently appliesthis requirement so that if your super account balance is less than $1,000, any fees charged to your account will generallybe limited to no more than the investment earnings on your account balance. Member protection rules do not apply todeductions for insurance premiums for insurance cover you have as part of your Fund membership.Insurance premiumsSee the Insurance section on page 8 of this Membership Guide for details of the cost of insurance cover. These premiums areadditional to the fees detailed on pages 14 and 15.Adjustments to feesThe Trustee reviews the fees set out above from time to time. You will be notified of any increases at least 30 days prior toany fee change.For more information about fees and charges please read the PDS.15

Section 8 – Tax andyour superAlthough super is one of the most tax effective vehicles inwhich to save for your retirement, different levels of tax mayapply to certain contributions.Generally, tax is paid:• when contributions are paid into the Fund• on investment earnings• on benefits to which the tax-free limit doesn’t apply,which are paid to you when you are under age 60Tax is complicated, so you may wish to seek assistance froma tax adviser for advice on how superannuation taxes affectyou personally.For more information about tax and super, please readthe PDS.In line with the Superannuation industry (Supervision) Act1993, the Trustee of Lutheran Super is authorised to ask foryour tax file number. The Trustee will only use your tax filenumber for lawful purposes. These purposes may change inthe future if there are changes to legislation.The Trustee may pass your tax file number to any othersuper fund or account to which your super is transferred inthe future unless you request in writing that this notbe done.By providing your tax file number:• the Trustee will be able to accept all types ofcontributions made by or for you (some limitsmay apply)• you can avoid paying tax at a higher rate than wouldotherwise apply on your contributions• you can avoid paying tax at a higher rate than wouldotherwise apply on your benefit, and• it will be easier for you to find your super in the futureand ensure that you receive all of your super benefitswhen you retire.Choosing not to provide your tax file number is not anoffence. However, if you don’t provide your tax file numbernow or in the future:• the Trustee will only be able to accept contributionsmade for you by your employer. No other contributions,for example, after-tax contributions, can be accepted• you may pay more tax on contributions made for you byyour employer. In some circumstances you may be ableto claim back this additional tax, however time limits,fees and other rules may apply• you may pay more tax on your super benefit than youwould otherwise (although you can claim this backwhen you lodge your tax return).Super factDon’t pay extra tax! Providing yourtax file number is importantProviding your TFN to the Fund is important. If the Funddoes not have your TFN, you will pay additional tax onyour contributions and the Fund cannot accept any extracontributions you may make. Additionally, you may pay highertax than necessary on your super payout. Please ensure thatyou fill in Step 5 of the Application for membership form.Section 9 – Otherimportant informationEnquiries and complaintsMost enquiries can be sorted out over the phone,but if we are unable to help you immediately, youmay be asked to put your enquiry in writing. You canwrite to:Enquiries and Complaints OfficerLutheran SuperC/- GPO Box 4303Melbourne VIC 3001The matter will be investigated by the Complaints Officerand, where necessary, the Complaints Committee on behalfof the Trustee. You will be advised of the Trustee’s decisionas soon as possible and within 90 days or within 30 days ofthe Trustee’s decision, whichever is earlier.If you have a complaint and you are not satisfied with theresponse or the matter can’t be resolved, you may be able torefer the matter to the Superannuation Complaints Tribunal(SCT). The SCT is an independent government body whichis set up to help resolve disputes between super funds andtheir members. Any complaints must be lodged with theTribunal within certain time limits.For more information you can contact the SCT on1300 884 114 or write to:Superannuation Complaints TribunalLocked Bag 3060GPO Melbourne Victoria 3001For other important information, including Family Lawand your super and protecting your privacy, please readthe PDS.16

Contacting usTelephone: 1800 635 796Fax: (03) 9245 5827Website:Email:Postal address:The Trustee:www.lutheransuper.com.auenquiries@lutheransuper.com.auLutheran Super administrationGPO Box 4303Melbourne Vic 3001LCA Nominees Pty LtdABN 61 008 204 939 AFSL # 24057117