Member Information Booklet - REI Super

ei Super elite
member information
booklet
1 November 2012
Super for
real estate
professionals
ProPerty induStry fund | Low feeS | ProfitS to memberS | Strong returnS

Contents
why choose rei Super elite?
Key benefits at a glance
Security of your assets
investment strategies designed to produce
good long-term returns
Cost-effective – the profits-to-members
nature of the fund allows us to maintain
competitive fees
Simple but flexible – easy-to-understand
benefits, with flexibility to meet your needs
Choice of nine investment options
Ability to choose any mixture of investment
options from those offered, and to choose
different investment options for new
contributions and existing balances
Trustee of REI Super, REI Superannuation Fund Pty Ltd (ABN 68 056 044 770; AFS Licence No. 240569;
RSE Licence No. L0000314). The RSE Registration number of the Fund is R1000412.
who can contribute super
to rei Super elite?
rei Super elite accepts:
> Contributions from employers:
These may be Superannuation Guarantee and/or Award
contributions and also additional employer contributions.
> Contributions from members:
You can make:
• your own contributions to REI Super Elite, either after-tax
or pre-tax (salary sacrifice). See ‘How super is taxed’ on
page 23 for details
• contributions for your spouse. Should your spouse be
a low-income earner, you can make contributions for
your spouse, and in any case, split contributions with
your spouse
• rollovers and transfers of existing benefits from other
superannuation funds or rollover vehicles.
And you may also qualify for:
• co-contributions from the Federal Government
• Super Guarantee payments from the Australian
Taxation Office (ATO).
basic level of life insurance provided
without need for medical tests or forms,
plus optional additional life insurance or
Salary Continuance insurance with your
choice of waiting periods (elite only)
Spouse contributions – you can make
contributions to rei Super for your spouse
as well as yourself
the latest investment return information available
and regular updates from reisuper.com.au,
where you can access your account
Access to competitively priced banking products
via an arrangement with members’ equity
A regular income at a level of your choice,
subject to government rules (rei Super
Pension only)

1 About REI Super & REI Super Elite
the right super
choice for property
professionals.
1 About rei Super
& rei Super elite
The Industry Super Fund for property professionals.
REI Super was established in 1975.
It is the industry superannuation fund for the property services
sector offering strong returns, low fees, no commissions and
run only to benefit members.
As at June 2012, the Fund had over $840 million in members’
funds under management and approximately 32,000 members.
page 1

A corporation, REI Superannuation Fund Pty Ltd, is the trustee
of the Fund (‘the Trustee’).
The Trustee acts in the best interests of members at all times,
and obtains professional independent advice when required
to assist in achieving the Fund’s objectives. The operation of the
Trustee is under the control of its board of directors (‘the Board’).
REI Super is an ‘accumulation’ superannuation fund, which
means that benefits on retirement or resignation are based on
contributions made to your account, plus investment earnings,
less taxes and fees. You have a choice of nine investment
strategies to suit your needs and your attitude to risk and return,
and these options can be mixed and matched as required.
The Fund also provides you with competitively priced insurance
cover to help you and your family at the times you and they may
need it most. Members are covered for death and total and
permanent disablement at all times, even when not at work –
24 hours a day, seven days a week. Members may choose from
fixed or variable cover.
The Fund also has a range of member services to ensure
you get the most benefit from your membership, including a
member Helpline staffed by trained professionals, a secure
transactional website, plus regular electronic and hard-copy
newsletters and bulletins on topical superannuation issues.
For employers, the Fund provides leading-edge electronic
payment capability, an employer Helpline to answer your
questions, and the opportunity to receive site visits, as needed, to
assist staff with financial education and their super savings needs.
there are several sections in the fund
rei Super
The general division of the Fund provides modern
superannuation services to the property industry. It provides
a suite of benefits and features for employees and employers
within the industry.
rei Super elite
Members with balances over $100,000 automatically become
members of REI Super Elite. REI Super Elite contains an expanded
range of investment and insurance benefit options. REI Super will
contact Elite members regarding the additional benefits and, if
affected, you will have the option to opt out of this membership.
rei Super Pension
REI Super can help you in the lead-up to retirement, by
supplementing your income with a transition to retirement
income stream; and after you retire, with an account-based
pension. REI Super Pension is available to both REI Super and
REI Super Elite members.
To download a copy of the REI Super PDS documents, go to
reisuper.com.au/forms-and-publications/publication or call
1300 13 44 33.
page 2
who manages rei Super?
There are nine directors of the Fund’s Trustee company. Eight are
appointed by the members of the Fund in accordance with the
rules for Member representative director elections, and the ninth
is an independent director appointed by the Board, based on a
number of criteria but primarily being required to have particular
superannuation skills and industry knowledge.
The Trustee also has appointed a non-voting Independent
Chairperson.
Directors are paid an appropriate director’s fee for the time spent
on their role on the REI Super Trustee Board, and this is outlined
to members each year in the Annual Report to Members.
The Trustee is responsible for the management of the Fund and
for ensuring that this occurs in accordance with the Fund Trust
Deed and Superannuation legislation. There are strict internal
and government controls over the operation of funds like REI
Super.
The Trustee of the Fund is REI Superannuation Fund Pty Limited
(ABN 68 056 044 770) which holds an Australian Financial
Services Licence No. 240569, and a RSE Licence, L0000314.
REI Super (ABN 76 641 658 449) holds a Registrable
Superannuation Entity (RSE) Number R1000412.
This means that REI Super can accept Superannuation
Guarantee (SG) contributions and rollovers from other complying
funds and receive concessional tax treatment.
Service providers
The following organisations provide services to the Fund:
> Ibbotson Associates Australia Limited ABN 54 071 808 501, the
Fund’s investment adviser
> A number of professional fund managers manage the assets.
These may change from time to time.
> Mercer Outsourcing (Australia) Pty Ltd ABN 83 068 908 912,
the Fund administrator (Mercer). It also runs the transactional
website.
> BNP Paribas ABN 71 002 655 674, the Fund Custodian (BNP or
custodian). It also provides investment administration services.
> MetLife Insurance Limited ABN 75 004 274 882 AFSL No.
238096, the Fund group life insurer (MetLife or Insurer)
> AUSfund, the Fund’s Eligible Rollover Fund (AUSfund or ERF).
> Ernst & Young ABN 75 288 172 749, the Fund’s external auditor
> G Banner Consulting Pty Ltd, ABN 78 079 976 373, the Fund’s
Legal Adviser
> Sharyn Long Chartered Accountants, ABN 98 115 039 613,
the Fund’s taxation agent and adviser.
> Mercer Financial Advice (Australia) Pty Ltd (MFA)
ABN 76 153 168 293 provides financial advisory services
to the members.
In addition, the Fund employs a range of professional services
consulting firms who have particular knowledge to assist the
Trustee from time to time.

2 How super works
2 How super works
Superannuation is a tax-effective retirement savings vehicle.
In simple terms, your REI Super is an account that can accept
contributions from your employer, yourself, your spouse, the
Government or from rollovers from other super accounts you
may have elsewhere.
page 3

who can contribute
to superannuation?
Superannuation law imposes limits on superannuation
contributions by members aged under the age of 18 or over 65.
before age 65
Contributions may generally be made for, or by, any person
aged between 18 and 65. Members under the age of 18 are
generally only eligible to receive employer contributions if they
are employed for more than 30 hours per week.
over age 65
For members still working after age 65, generally contributions
by your employer can continue to be made. However, the law
will not allow contributions in certain circumstances.
After age 65, ‘mandated’ employer contributions may be
made in respect of you. Mandated employer contributions are
Superannuation Guarantee (SG) and/or contributions required
under an Award or certified agreement.
As there are currently no SG contribution requirements beyond
age 70, mandated employer contributions after age 70 will
be those that may be required under an Award or certified
agreement.
Other employer (including salary sacrifice) contributions can only
be made for you up to age 75 if you have worked at least 40
hours during any period of 30 consecutive days in the financial
year to which the contributions relate. Such contributions cannot
be made after age 75. Between ages 65 and 75, you can make
personal after-tax contributions if you have worked at least 40
hours during any period of 30 consecutive days in the financial
year to which the contributions relate.
Contributions
page 4
Sg age limit to be removed
From 1 July 2013, employers will for the first time be obliged to
pay Superannuation Guarantee (SG) for eligible employees aged
70 and over.
Personal after-tax contributions can no longer be made after
age 75.
Between ages 65 and 70, contributions made for you by your
spouse and/or other people can be made if you have worked at
least 40 hours during any period of 30 consecutive days in the
financial year.
The contributions table below provides a summary of when
contributions can and cannot be made according to your age
at last birthday.
when the trustee can’t accept contributions
There are some circumstances when the Trustee is unable to
accept certain contributions made for or by you. They are:
> If you have not provided your Tax File Number – see ‘How
super is taxed’ on page 23 for details.
> If an individual contribution is greater than the specified limit
allowed – see ‘How super is taxed’ for details.
> If you are under 18 or over 65 and have not met the work tests
set out at left.
Any contributions received in these circumstances will be returned
to you (or where applicable, your employer). The amount returned
will not be added to your super account balance.
Contribution history
As well as their annual Statement of Benefits, members can
access their account contribution details online through the
Fund’s website at reisuper.com.au.
2012/13
Age 65–69 70–74 75+
Superannuation Guarantee (SG) 9% Yes No No
Award employer contributions Yes Yes Yes
Voluntary employer contributions Yes* Yes* No
Member (after-tax) contributions Yes* Yes* No
Salary sacrifice (pre-tax member) contributions Yes* Yes* No
* If you work at least part-time

merge your super accounts with
rei Super elite – it’s free
You may have more than one superannuation fund account.
It is likely that fees and charges are being deducted from
each account you have. If you transfer all of your accrued
superannuation into REI Super, you will be charged only one set
of fees and you will save on duplicated costs and charges.
It will also be much easier for you to keep track of all your
superannuation benefits, as you will receive one statement from
REI Super Elite each year which sets out all your total benefits.
There are no direct entry fees charged by REI Super Elite for
superannuation transferred-in from another fund, although
normal investment management fees still apply. However, your
previous fund may charge a fee to close your account, and/
or a termination penalty may apply. Your insurance cover with
your previous fund will cease, and you should check with your
previous fund as to when this occurs.
Before you consider merging your super into one account, seek
advice and consider the impact of any insurance entitlements
and/or any account exit fees. Speak to one of REI Super’s
financial advisers by calling 1300 13 44 33 to review all your
superannuation details.
Low-income superannuation
contribution (up to $500)
From the 2012/13 financial year, the Government will make a
low-income superannuation contribution (LISC) of up to $500 for
individuals with an adjusted taxable income (ATI) that does not
exceed $37,000.
A person (regardless of age) will be entitled to the LISC if the
person has ‘concessional contributions’ made to the Fund for
the 2012/13 financial year and later financial years. Eligible
contributions include superannuation guarantee contributions,
employer contributions under a salary sacrifice arrangement,
and deductible personal contributions.
Amounts that are not concessional contributions will not be
matched by the Government. For example:
> non-concessional contributions (which instead may qualify
for a Government co-contribution – see information on cocontributions
immediately following)
> amounts transferred from foreign superannuation funds
> rollover amounts
> employer contributions made to non-complying funds, and
> employer contributions which are untaxed in the Fund,
will not be matched.
This rebate is in addition to any superannuation co-contribution
for which the member may be eligible.
page 5
Co-contributions from the
federal government
If you earn less than $61,920 a year (2011/12 financial year), you
may be entitled to a Government co-contribution of up to $1,000
on contributions you pay into super from your after-tax income,
depending on your personal circumstances.
To receive a government co-contribution to your super, you must:
> be eligible to contribute to superannuation;
> earn at least 10% of your income through eligible employment,
which may include self-employment;
> be under age 71 at the end of the financial year. The cocontribution
is not available to most temporary residents of
Australia;
> make an after-tax contribution of up to $1,000 during the
financial year;
> have a total income for the year that does not exceed
$61,920pa in 2011/12. For 2012/13, the total income must not
exceed $46,920pa. Total income is the sum of assessable
income, reportable fringe benefits and, from 1 July 2009,
reportable employer superannuation contributions (ie certain
salary sacrificed superannuation contributions in excess
of what an employer is required to make on behalf of an
employee under the superannuation guarantee regime);
> be aged less than 71 on 30 June of the year in which the
contributions are made. For persons aged 65-70, the
additional work test rules (ie gainful employment for at least
40 hours in a period of not more than 30 consecutive days in
the financial year in which the contribution is made); and
> have lodged an income tax return for the year.
The amount of co-contribution depends on the amount
contributed and your assessable income. To qualify for the
maximum co-contribution amount of $1,000, your assessable
income plus reportable fringe benefits must be $31,920 per year
or less.
From 1 July 2012, the Government will reduce its matching rate
to 50%, with a maximum co-contribution of $500 for people with
incomes up to $31,920 in 2012/13 (phasing down for incomes
up to $46,920).
The co-contribution is also not available in respect of taxdeductible
contributions (e.g. contributions made by a selfemployed
person and for which a tax deduction is claimed).
The Trustee provides information to the ATO about your
contributions and those made by your employer. Using this
information and information in your tax return, the ATO will work
out if you are entitled to receive a co-contribution. Any
co-contribution payable will then be sent directly to the Fund.
We recommend that you speak to a licensed, or appropriately
authorised, financial adviser to work out how this might apply
to you.
For more information, including eligibility conditions, contact the
ATO on 13 10 20 or www.ato.gov.au/super or contact REI Super
to speak to one of our advisers.

Spouse members
Members with low-income spouses can make spouse
contributions to REI Super. For this purpose, a spouse is defined
as your husband or wife (or a person who lives with you on a
bona fide domestic basis as your husband or wife). Spouse
contributions provide you with an additional opportunity to
increase future retirement benefits for you and your spouse and,
if eligible, to get a valuable tax benefit.
Spouse contributions
If your spouse earns less than $13,800 a year, you could reduce
your tax by making super contributions on their behalf. With an
REI Super Spouse Account, your spouse will also be able to apply
for our high-cover, low-cost death insurance.
REI Super cannot accept Spouse contributions:
> Where the Spouse is aged over 65 but under 70, and has
worked at least 40 hours in a period of not more than 30
consecutive days in the financial year in which contributions
are made;
> Where they cease to be a Spouse (as defined above);
> If the REI Super member ceases to be a member of the Fund;
and
> Made as salary sacrifice contributions i.e. pre-tax.
what money can be held in a Spouse account?
As well as Spouse contributions, your Spouse can also roll
over or transfer other super benefits into their REI Super Spouse
account.
what preservation rules apply to Spouse
contributions?
Contributions made to a Spouse account are ‘preserved’.
when can you access your super?
Generally speaking, you can only access your super when you
retire or reach your ‘preservation age’. But in some special
circumstances, like financial hardship or permanent incapacity,
you can access your super earlier.
All contributions received on your behalf or any superannuation
money that you transfer into REI Super is credited to your
member account after deduction of government taxes.
See ‘How Super is taxed’ on page 23 for details.
your rei Super elite account
The money in your account is used to purchase units in the
investment option(s) you have chosen. The value of your units
rises or falls in line with the underlying value of the assets in the
investment option. See ‘How we invest your money’ on page 13
for details.
While you maintain an account in REI Super Elite, we deduct
administration fees and insurance premiums (if applicable) from
your account by redeeming units. See ‘Fees and costs’ on page
19 and ‘Insurance in your super’ on page 27 for details.
page 6
Accessing your benefits
Your super account balance can remain in REI Super Elite, even
though you may change employers a number of times including
those outside of the property industry.
You can withdraw money from your account in REI Super Elite
by completing a Payment Instruction form. Depending on your
circumstances, your benefit may either be paid in cash or
rolled over or transferred within the Australian superannuation
system (e.g. to another superannuation fund, retirement savings
account or pension product).
As superannuation is a long-term investment, the Government
has placed restrictions on when you can be paid your benefits
in cash.
You can roll over all or part of your account at any time, whether
or not you are still working. However, if you are only rolling over
part of your account, you must leave at least $5,000 with REI
Super.
A separate withdrawal fee (currently $90) applies to each partial
payment. Tax will not be deducted from your benefit unless it is
paid in cash.
In some circumstances, some or all of your benefits may also
be transferred from your account if you satisfy the special
conditions relating to the splitting of superannuation on divorce
or separation as set out in the Family Law Act 1975 and related
legislation.
Anti-money Laundering and Counter
terrorism financing Act
The Australian Government has legislation in place known as
the Anti-Money Laundering and Counter Terrorism Financing
Act 2006 (AML/CTF), which applies to most financial services
providers including superannuation funds. The Trustee is
meeting all its compliance obligations under this legislation.
The purpose of the AML/CTF Act is the regulation of financial
services and transactions in a way that will help detect and
prevent money laundering and terrorism financing. You should
be aware that, as part of the Fund’s compliance with these laws:
> the Trustee may need to obtain additional information when
you make a withdrawal from your account;
> the Trustee may from time to time require additional
information from you to assist it in this process;
> in limited circumstances, the Trustee may be required to reverify
your identify.
You should also be aware that under the AML/CTF legislation,
the Trustee is required to disclose information about suspicious
transactions to the AML/CTF regulator (AUSTRAC) and/or law
enforcement agencies. The legislation also prevents the Trustee
from informing you when any such reporting has taken place.

estrictions on cash payments
Generally, you can only receive your benefits in cash when you
satisfy one or more of the following ‘conditions of release’:
> You retire after reaching your superannuation ‘preservation age’;
date of birth Preservation Age
Born before 1/7/1960 55
Born from 1/7/1960 to 30/6/1961 56
Born from 1/7/1961 to 30/6/1962 57
Born from 1/7/1962 to 30/6/1963 58
Born from 1/7/1963 to 30/6/1964 59
Born after 1/7/1964 60
> You cease employment on or after age 60;
> You reach age 65;
> You die;
> You suffer permanent incapacity (as defined in
superannuation law);
> You suffer severe financial hardship (you will need to satisfy
the Trustee in relation to a number of criteria set down by
superannuation law before any part of your preserved benefit
can be released);
> The Chief Executive Medicare [as defined under the Human
Services (Medicare) Act 1973 approves the release of some or
all of your benefits on compassionate grounds;
> You are a temporary resident (apart from NZ citizens) on a
particular type of visa departing Australia permanently.
You may be able to cash out some of your superannuation
earlier. For example, you can be paid your benefit in cash if you
leave employment and the total preserved amount is less than
$200. Similarly, your benefit statement may show an ‘unrestricted
non-preserved’ component, which may be taken in cash at any
time, or a ‘restricted non-preserved’ component, which may be
taken in cash when you change jobs.
page 7
Choice of fund
Under the Choice of Fund legislation, some employees can
choose to direct their employer to pay their superannuation
guarantee contributions to any complying superannuation fund.
Your employer will advise whether you are able to make this
choice.
REI Super is the default fund under the Modern Real Estate
Award 2010 and the Clerks Private Sector Award 2010. This
means that if you do not nominate a fund and your employer
does not have an alternative in place as set out in an enterprise
agreement, your employer and employee super contributions
will be paid to your account in REI Super.
When you withdraw or transfer your money from REI Super, other
than in circumstances where you are in receipt of a pension
from the Fund, you will receive a lump sum benefit. This benefit
will be reduced by a benefit payment fee (currently $90) for each
withdrawal that you make, and any applicable tax. See ‘How
super is taxed’ on page 23 for details.
Should you die while you are a member of REI Super, the Trustee
has absolute discretion in determining to whom your benefit will
be paid. You can assist the Trustee by nominating a beneficiary
or beneficiaries to REI Super (see ‘Payment of a death benefit’ in
‘Insurance in super’ on page 30) and by keeping your Will up
to date.
If you keep your Will up to date, this can substantially assist the
Trustee in exercising its discretion as to who receives your benefit
as allowed by law and under the Trust Deed.

3 Benefits of becoming a member of REI Super Elite
3 benefits of becoming
a member of rei Super elite
As a fund run only to benefit members working in the property
services sector, you can be sure REI Super Elite has your best
interest at heart.
Paying no commissions to financial advisers and having
low fees make a significant difference to your final retirement
payout, with investment performance that is consistently
stronger than retail super funds.
page 8

what are the benefits of being
a member of the fund?
Security of your assets
A history of good long-term returns
> Investment strategies designed to produce
good long-term returns
investment choice
> Choice of nine investment options – refer to ‘How we invest
your money’ on page 13.
> Ability to choose a mixture of investment options from those
offered, and to choose different investment options for new
contributions from those chosen for existing balances
Cost-effective
> The ‘profits to members’ nature of the Fund allows us to
maintain competitive fees
Simple but flexible
> Easy-to-understand benefits with flexibility to
meet your needs
excellent insurance
> Basic level of life insurance cover provided without need
for medical tests or forms, plus optional additional life
insurance up to $2.08 million with the choice of fixed cover
or fixed premium
> Optional Salary Continuance Insurance with
different waiting period options
Spouse contributions
> You can make contributions to REI Super for your
spouse as well as yourself
Keeping you informed
> The latest investment return information and regular
updates are available from our website at reisuper.com.au
and you can access your account there as well
financial planning advice
> Access to subsidised financial planning advice in all states
Additional benefits
> Access to competitively priced banking products
via an arrangement with ME Bank (refer to
www.membersequitybank.com.au for information).
page 9
Keeping you informed
As a member of rei Super, you will
receive regular communications each
year, including:
> An annual report available on our website,
or in hard copy if you wish
> A statement of benefits showing your details
effective 30 June
> Fund newsletters
> Fund emails if you supply your email address
> Notices of important changes to either the Fund or
superannuation in general.
You can download a copy of this Booklet and
other documents and forms from our website at
reisuper.com.au.
If you require additional information, please contact the
REI Super Helpline on 1300 13 44 33 between the hours
of 8.30am and 5.30pm AEST.
If you contact us, we will provide you with all the
information you would reasonably need to make
an informed assessment of the management
and financial condition of the
Fund and the Fund’s past
investment performance.

4 Risks of investing in super
4 risks of investing
in super
This section is designed to outline some of the potential risks
of investing in super funds generally.
Super funds like REI Super invest in a range of different types
of assets, and each of these may behave differently under
different economic or market conditions.
page 10

investment options
REI Super Elite offers you a number of different investment
options to cater for your own particular preferences about return
and risk.
History shows that investment markets can behave differently
according to different economic situations, and it is often difficult
to predict these in advance.
You can choose to invest in one option or a mixture, depending
on your investment needs.
There are nine investment options available, each one
representing a different investment strategy and risk. They are:
> Super Growth
> Trustee Super Balanced
> Super Stable
> Super Cash
> Australian Shares
> International Shares
> Australian Property
> Global Property
> Fixed Income.
You can make an investment choice when you join the
Fund or when your needs change. See the Membership
Application Form.
If you do not choose an investment option, your account balance
and ongoing contributions will be invested in the Trustee Super
Balanced option. This is known as the ‘default’ option.
Each investment option presents a different degree of investment
risk (volatility), together with a different likely level of earnings
(return) on the investment. Investment risks include:
> changing economic cycles
> political events, wars and natural disasters
> investment market sentiment
> changes in tax and legislation
> changes in interest rates and currency relativities
> factors affecting particular industries, companies or securities.
The effects of this volatility on investments may be that, over
some period, they do not grow and may, in fact, fall in value.
None of REI Super’s investment options is capital guaranteed,
and their value may rise and fall.
When making investment decisions, the Fund’s investment
managers take into account the expected return and
performance of their investments depending on their own
investment style.
REI Super does not currently take into account labour standards
or environmental, social and ethical considerations in selecting
investments of the Fund, nor does it require its investment
managers to do so.
The managers may consider social, ethical, environmental
matters or labour standards of companies within the portfolio
from time to time where these may materially impact on
performance.
page 11
your investment decision
Investment decisions are important and should reflect your
particular circumstances, so in choosing your option(s) it is
important to consider the investment, its level of risk and
expected return, how it relates to your investment goals, and
other investments you may hold. You should read all the
information in this Booklet carefully and seek appropriate
professional advice before you make your decision.
Considering your investment goals
To meet your investment goals, an investment must fit with your:
> return expectations – that is, the type of returns that you are
seeking from an investment
> investment time horizon – which is the length of time you
expect to hold an investment, and
> risk tolerance – which refers to the extent of variation in the
value of the investment, and returns from your investment, that
you are willing to bear over the course of your investment.
understanding the risks
All investments have some level of risk. Risk is the likelihood that
you may not get all your money back, and/or get lower returns
than expected.
Investments with higher expected returns often involve higher
risk. Cash investments generally carry the lowest level of risk,
bonds a moderate level of risk, listed property a moderate to
high level of risk, and shares the highest risk.
However, cash investments usually offer the least rewards,
whilst shares have potential for the greatest return.
risk profiles
In the investment profiles shown:
> Trusts with ‘High’ risk profiles may experience periods of
negative (and/or volatile) returns, and loss of value, although
they also offer greater potential returns.
> Trusts with ‘Medium’ or ‘Medium to High’ risk profiles may
also experience periods of negative (and/or volatile) returns,
but not as frequently as Trusts with a ‘High’ risk profile. These
Trusts may also offer greater potential for capital growth than
Trusts with a ‘Low’ risk profile.
> Trusts that have ‘Low to Medium’ or ‘Low’ risk profiles are not
expected to have frequent periods of negative (and/or volatile)
returns, although you may experience negative returns in
certain market conditions; and
> Trusts that have ‘Very Low’ risk profiles are not expected to
have negative (and/or volatile) returns, but may do so in
certain market conditions.
Before investing, it is important that you understand the risk
involved in the investment you are making, your tolerance to
that risk and your proposed investment period.

following are some forms of risk
you may want to consider
market risk
The Trusts invest into investment markets, and the performance
of these markets will have an impact on returns. These
markets are affected by a range of conditions (e.g. economic,
technological or political) that impact returns. As the risk relates
to the market as a whole, it cannot be diversified away simply by
holding a greater variety of securities within that market.
Currency risk
Movements in exchange rates between the Australian dollar
and foreign currencies can affect performance.
Where foreign currencies fall in value relative to the Australian
dollar, this can have an adverse impact on investment returns.
Some managers may use currency hedging to reduce the
magnitude of currency risk.
Contractual risk
In the interests of efficient investment, we may act on an
investment application before confirmation of receiving the
application monies. If an investor were to fail to meet its
contractual obligations to pay the application monies, this could
result in a loss of capital to the relevant Trust.
Changes in laws
The value of investments may be affected by changes in laws,
such as taxation. Before investing, it is important that you
understand the risk created by legislative change involved in
the investment you are making.
Country risk
Some of the Trusts invest in overseas securities. There is a risk
that a country in which the Trusts invest may become politically
or economically unstable, which may prevent assets (such
as shares) being sold or the proceeds being repatriated to
Australia. This risk is generally higher in countries classified as
emerging markets.
derivatives risk
Some of the investment managers that Ibbotson chooses for
REI Super may use derivatives (such as options, futures, swaps,
forward rate agreements and forward foreign exchange
contracts) in managing the assets of the Trusts. Risks associated
with using derivatives might include the value of the derivative
failing to move in line with the underlying asset, potential
illiquidity of the derivative, the relevant Trust not being able to
meet payment obligations as they arise, and counterparty risk
(this is where the counterparty to the derivative contract cannot
meet its obligations under the contract).
page 12
inflation risk
Increasing inflation reduces the purchasing power of assets or
income. Changes in inflation may impact on the value of your
investments in the Trusts.
interest rate risk
When interest rates change, the value of fixed income securities
will fluctuate. When interest rates rise, the market value of fixed
income securities declines and vice versa. Changes in interest
rates may also affect the valuation of other products such as
shares.
Liquidity risk
Is the risk that a security may not be easily converted into cash
with little or no loss of capital and minimum delay. Liquidity
will be affected by market conditions in countries where the
securities are held. Liquidity risk may also be magnified by
exposure to alternative investment strategies, due to the nature
of the underlying investments and the instruments used to gain
access to them.
manager risk
The investment managers that Ibbotson chooses may fail to
meet their investment objectives from time to time, resulting in
sub-standard returns for some or all of the Trusts. For example,
this may be brought about by a change of employees at a
particular investment manager or a change of investment
manager that may affect the future performance of the Trusts.
Counterparty or default risk
There is a risk that a party that Ibbotson or IIML (the Responsible
Entity – see page 14) contracts with in relation to the Trust fails to
meet its contractual obligations, resulting in a loss of capital for
the Trust. Counterparties include clearing brokers for exchange
traded futures and options, foreign exchange counterparties,
and borrowers under any stock-lending agreements.

5 How we invest your money
5 How we invest
your money
REI Super Elite offers you nine diversified investment options
(combinations of cash, shares, property, bonds and alternatives)
to cater for your particular preferences for return and risk.
You have the choice to invest in a single option or a combination
of all nine if you wish, depending on your investment needs.
page 13

who manages your investments?
The Trustee of REI Super has determined the structure of the
investment options offered.
The Trustee sets the investment objectives for each option in
conjunction with advice received from its external implemented
investment consultant.
The Trustee has appointed Ibbotson Associates Australia
Limited, ABN 54 071 808 501, to provide implemented
investment consulting services to the Fund. Implemented
investment consulting places responsibility for the day-to-day
investment decision-making in the hands of full-time investment
professionals who are skilled in areas such as: asset allocation,
portfolio configuration, manager selection, and investment
monitoring and coordination.
Ibbotson has been delegated responsibility for selecting and
monitoring specialist investment managers within each asset
class, implementing investment decisions and managing
the day-to-day cash flow, asset allocation and other ongoing
investment administration matters by providing instructions to
the investment custodian.
The Trustee uses Ibbotson’s investment trusts for most of the
Fund’s investments. The implemented consulting arrangement
gives REI Super access to Ibbotson’s best research ideas, while
potentially reducing investment and operational risks.
For the Super Growth and Trustee Super Balanced Options,
the Trustee of REI Super has control over the strategic asset
allocation and ranges for the asset classes. These Options invest
in a number of underlying Ibbotson Sector Trusts (e.g. Australian
shares, International bonds). The Super Stable and the Super
Cash Options invest directly in predesigned Ibbotson Investment
Trusts that have an investment strategy consistent with those
Options’ objectives.
In the five sector-specialist options: Australian Shares,
International Shares, Australian Property, Global Property,
and Fixed Income, the Trustee has control over the strategic
asset allocation (where applicable). These options have been
designed with advice from Ibbotson.
The Trustee continuously monitors Ibbotson to ensure that all
aspects of the implemented investment consulting agreement
are fulfilled.
responsible entity
IOOF Investment Management Limited (ABN 53 006 695 021; AFSL
230524) (‘IIML’) is the Responsible Entity and issuer of units of the
Ibbotson Investment Trusts. IIML’s obligations are governed by the
Ibbotson Trust’s constitution, the Corporations Act 2001 (Cth) and
general law trust. IIML is responsible for the operation of the Trusts.
Ibbotson is a leading Australian provider of multi-manager
and investment portfolio solutions, backed by capital markets
research and investment manager research. Ibbotson advises
and manages funds for superannuation funds, institutions,
platform distributors, financial advisers and individuals.
page 14
Ibbotson delivers innovative investment solutions to help
investors reach their financial goals, as well as providing
independent thought leadership. Ibbotson forms part of
Ibbotson Associates, Inc. (SEC number 801-57505), which was
founded in 1977 and is a Morningstar company.
Continuous monitoring
As a result of this ongoing process, our investment manager
line-up may sometimes change. Ibbotson’s and REI Super’s
Investment Review Committee meet regularly to:
> recommend the selection and removal of sector specialist
investment options
> review the performance of our sector-specialist investment
options, and
> discuss relevant issues with underlying fund managers.
Labour and ethical standards
Currently at Ibbotson, its research and investment processes
do not take into account labour standards, environmental,
social or ethical considerations when deciding to select, retain
or dispose of managers or the sector-specialist investment
options offered to the Trustee. However, the various underlying
investment managers may have their own policy relating to
these considerations and whether or not such considerations
are taken into account when making investment decisions.
Changes to investment options which ibbotson may
make at any time without prior notice to rei Super
or its elite members (where permitted by law):
> Add to the list of investment options offered;
> Remove or replace any investment options on the list, or its
underlying funds;
> Change the name or other features of any investment options
on the list;
> Change the terms of any product or investment options
offered to the Trustee, and as a direct consequence, to
REI Super’s members and Elite members; or
> Change or remove underlying fund managers.
However, if you are affected by the changes, REI Super will
notify you under the Trustee’s disclosure documents. If Ibbotson
removes or replaces any investment options, it will deal with
the Trustee, and as a direct consequence, REI Super members’
interests (or notional interests) in the investment options, in
accordance with each Trust’s Constitution and the law.
You can refer to the ‘Trusts and Managers’ section on Ibbotson’s
website at www.ibbotson.com.au to access up-to-date
information on current sector-specialist investment options.
important notes: Future investment performance can vary from past performance, and you should not base your decision to invest
in REI Super simply on past performance. Past earning rates are not an indicator of future earning rates. The investment returns of
REI Super are not guaranteed, and the value of the investment may rise or fall.

investment managers
The investment managers appointed at the time of publication
of this Booklet are listed below. From time to time, these may
change. An up-to-date list of investment managers is available
on reisuper.com.au.
Australian shares
> Allan Gray, Dimensional, Ibbotson High Alpha Trust,
JCP Investment Partners, Northcape, Omega, Platypus,
Vinva, Zebra
international shares
> Altrinsic, AQR, Axiom, Dimensional, Marathon,
Omega Global Investors, Sands Capital
Australian property
> Industry Super Property Trust, Omega
global property
> CBRE Clarion
Australian bonds
> Omega
international bonds
> Colchester, Omega, PIMCO
Alternative investments
> Ibbotson Alpha Strategies Trust, Ibbotson Diversified
Alternatives Trust, Ibbotson Global Trading Strategies Trust.
Strategies include: Equity Long/Short, Credit Long/Short, Event-
Driven, Macro, Market Neutral, Systematic and Discretionary
Trading, Systematic Trend Following, Liquid Private Equity,
Global Listed Infrastructure Insurance Linked Securities and
Commodities.
Additional information on the underlying managers used is also
available on the Ibbotson website (www.ibbotson.com.au).
You should only make an investment decision in relation to the
investment options available (including an additional investment)
after accessing the relevant disclosure document or PDS.
Please note that as a member of REI Super, you will not have
the same rights as a direct investor in the underlying fund
managers’ investments (e.g. receipt of reports from the fund
manager, the rights to attend and vote at unit-holder meetings,
timing of investments and redemptions, etc).
Also, the fees and costs that apply to you will be different than
those outlined in the underlying fund managers’ disclosure
documents (except for any Performance Fee). Ibbotson’s fees
are outlined in the Guide applicable to each of its trusts (see
www.ibbotson.com.au). REI Super’s fees are outlined in ‘Fees
and Costs’ on page 19 and ‘How super is taxed’ on page 23.
When you submit your application, you agree to receive any
communications, including any confirmation of any transaction
or dealing, notice of material changes and significant
events, and other information you may request, details of
illiquid investments and documents (including PDS and other
disclosure documents for underlying managed investments
and periodic reports) which it is required or permitted to give or
has agreed to give, to you, relating to your account. This may
be communicated via any electronic means that we choose.
For these purposes, you agree that you will be taken to have
received the relevant information, whether or not you access
the information).
page 15
Before you make any decision in relation to rebalancing your
investments, changing your investment profile or switching, you
must receive a copy of the PDS or other disclosure documents
for any new investment option, managed by an underlying
fund manager, that contains more detail in relation to these
investments, unless there is no requirement for such a document
to be provided by Ibbotson in paper form. For example, the
relevant information may be provided to you electronically,
through www.ibbotson.com.au (or by your financial adviser,
if permitted by law) or in another way.
You can obtain these current disclosure document(s) free of
charge and on request from your adviser or REI Super. We
recommend that you consult your financial adviser before
making any decision about your investment choices.
Custodian
The Trustee has appointed BNP Paribas for certain investment
operational activities. BNP Paribas’ key activities include
calculating the unit prices of each investment option in
accordance with the agreed model, implementing buy/
sell transactions as instructed by Ibbotson, and maintaining
investment and taxation records.
investment Compliance plan
Ibbotson’s Responsible Entity, IIML, has established a compliance
plan for each Ibbotson Trust offered, which sets out the
measures to be applied in operating each Trust to ensure
compliance with its Constitution and the law. IIML is responsible
for overseeing the compliance plans.
How we invest in underlying funds
Each of the investment options may invest directly in one or more
Ibbotson managed investment scheme. The Ibbotson diversified
trusts may then invest in the Ibbotson sector trusts. These are
managed in various ways:
> within a multi-manager framework; and/or
> investment in a registered managed investment schemes with
similar asset classes; and/or
> mandates with similar asset classes; and/or
> through the use of derivatives to gain exposure to similar
asset classes, and/or
> foreign currencies and Exchange Traded Funds for dynamic
asset allocation and hedging purposes.
The Ibbotson diversified trusts are optimally constructed and
managed to meet the risk/return investment objectives. For
the Ibbotson sector trusts, Ibbotson’s experienced investment
professionals research potential investment managers and then
select the managers who are believed to be most likely to deliver
the individual trusts investment objective.
The Trustee reserves the right not to switch investments or pay
benefits if a weekly unit price cannot be determined because of
market failure.

How are unit prices determined?
The assets of the Fund within each investment option are
unitised, and members buy units when a contribution is
received, or sell units when they are paid a benefit. For example,
if a contribution of $100.00 is received and at that time, the
application (buy) price of the unit is $1.00, 100 units are credited
to the member’s account.
Units in a member’s account are held at their redemption (or sell)
value, and this is the value:
> shown on the REI Super website
> provided in benefit estimates, and
> shown on the annual statement of benefits.
Unit prices are calculated weekly by the Fund’s custodian, and
vary according to the underlying value of the assets in each
investment option.
rei Super elite diversified investment options
page 16
Comparing rei Super elite’s diversified
investment options
There are four diversified investment options. Each investment
option has a different level of growth and defensive assets.
Before making a decision on which investment option to choose,
please ensure that you understand the objectives and strategy of
each option. Future investment performance can vary from past
performance, and you should not base your decision to invest
in REI Super simply on past performance. Past earning rates are
not an indicator of future earning rates. The investment returns
of REI Super are not guaranteed, and the value of the investment
may rise or fall.
main options Super growth trustee Super balanced Super Stable Super Cash
what type of
investment is it?
investment
performance
objective is
investment time
frame
expected frequency
of negative return
over 20-year period
To provide members
with a top-performing
diversified growth-style
investment.
To earn a rate of return,
after tax and fees, that
exceeds CPI by at least
4% per annum over
rolling 10-year periods.
Long term – seven years
plus
To provide members with
a top-performing growthoriented
diversified
investment.
To earn a rate of return,
after tax and fees, that
exceeds CPI by at least
3% per annum over
rolling 7-year periods.
Medium term – three
years plus
To provide members
with a top-performing
conservative diversified
investment option.
To earn a rate of return
after tax and fees, that
exceeds CPI by at least
1% pa over rolling 3-year
periods
Medium term – three
years plus
To provide members with
a secure investment that
has a very high chance of
capital being preserved
over any 12-month period,
before fees and tax.
To match and where
possible enhance
performance relative to
CPI over rolling 3-year
periods.
No minimum
5 in every 20 years 4 in every 20 years 2 in every 20 years No likelihood of a
negative return
risk profile High Medium to High Low to Medium Very Low
Summary of
risk profile
The Super Growth
investment option is
designed for members
who want the highest
potential returns and
are willing to accept
the highest level of
fluctuations in returns.
This option invests only
in growth assets, and
has the potential for
the highest return over
its investment horizon.
However, returns will
vary, and are expected in
some years to be low or
negative.
The Trustee Super Balanced
investment option is
designed for members
who want higher potential
returns and who are willing
to accept a reasonably
high level of fluctuations in
returns. This option invests
mainly in growth assets,
with some interest-bearing
defensive assets.
It has potential for high
returns over time, due to
the significant proportion
of growth assets. However,
returns will vary, and are
expected in some years
to be low or negative,
although to a lesser
degree than the Super
Growth option.
The Super Stable
investment option is
designed for members
who require more stable
returns. This option invests
mainly in defensive assets
(cash and bonds), with
some growth assets
also. Returns have the
potential to be higher
than just investing in cash
investments.
Returns will vary, and
there is a still a slight
possibility of delivering a
negative return in any one
year, but are likely to be
more stable than options
with a higher proportion
of growth assets.
The Super Cash
investment option is
designed for members
who seek a lower
potential return in
exchange for low risk.
Returns will be
comparatively stable,
with only a negligible risk
of delivering a negative
return in any one year.

ei Super elite diversified investment options
investment
mix
investment
returns
Super growth trustee Super balanced Super Stable* Super Cash
2 3 4 5 6 7 8
1. Australian Shares 44%
2. International Shares 32%
3. Australian listed property 9%
4. International listed
property hedged 3%
5. Unlisted property 3%
6. Infrastructure 3%
7. Alternatives 5%
8. Cash 1%
Total growth assets (shares, property,
and alternative investment) 99%
Allocations shown above may
vary +/- 15%
Crediting
rate
1
3 4 5 6 7 8 9 10 11
1. Australian Shares 32%
2. International Shares 24%
3. Australian listed property 8%
4. Global property 2%
5. Unlisted investments 4%
6. Infrastructure 3%
7. Australian bonds 8%
8. International bonds hedged 6%
9. Global inflation
linked securities 2%
10. Alternatives 6%
11. Cash 5%
Total growth assets (shares, property,
and alternative investment) 79%
Allocations shown above may
vary +/- 15%
CPi Crediting
rate
1 2
page 17
1. Australian Shares 14%
2. International Shares 10%
3. Australian listed property 3%
4. International listed
property hedged 1%
5. Infrastructure 2%
6. Australian bonds 16%
7. International bonds 14%
8. Global inflation
linked securities 6%
9. Alternatives 6%
10. Cash 28%
Total growth assets (shares, property,
and alternative investment) 36%
Allocations shown above may
vary +/- 15%
CPi Crediting
rate
1. Cash 100%
Allocations shown above may
vary +/- 15%
CPi Crediting
rate
2011/12 0.23% 1.20% 2.77% 1.20% 3.83% 1.20% 4.26% 1.20%
2010/11 10.92% 3.87% 8.71% 3.87% 6.13% 3.87% 3.75% 3.87%
2009/10 13.49% 3.05% 11.09% 3.05% 9.03% 3.05% 3.27% 3.05%
2008/09 -19.60% 1.46% -11.82% 1.46% -4.84% 1.46% 5.28% 1.46%
2007/08 -15.32% 4.51% -10.92% 4.51% -3.32% 4.51% 6.70% 4.51%
3 yr average 8.06% 2.45% 7.47% 2.45% 6.31% 2.45% 3.67% 2.45%
5 yr average -2.99% 2.66% -0.51% 2.66% 2.02% 2.66% 4.65% 2.66%
* Investment option commenced 1 November 2003, and is currently 100% invested in the Ibbotson Conservative Growth Trust.
note on Crediting rates: These rates only apply to amounts invested for the full year. The rates applying to your account may be different, depending on the timing
of your contributions and benefit payments. Figures shown since unitisation was introduced in May 2002 are calculated as the change in the redemption (sell) price
over the year.
CPI = Consumer Price Index
7 8 9 10
1 2 3 4 5 6
1
CPi

ei Super elite: Sector Specialist investment options
elite options Australian Shares
what type of
investment is it?
investment
Performance
objective
investment time
frame
expected frequency
of negative return
over 20 year period
To provide members
with a top-quality,
professionally
managed,
diversified
Australian shares
investment
To earn a rate
of return (gross
of fees and tax)
above benchmark
over rolling 5-year
periods within a
clearly defined risk
profile.
international
Shares
To provide members
with a top-quality,
professionally
managed,
diversified
international shares
investment
To earn a rate
of return (gross
of fees and tax)
above benchmark
over rolling 5-year
periods within a
clearly defined risk
profile.
page 18
Australian Property global Property fixed income
To provide members
with a top-quality,
professionally
managed,
diversified domestic
property securities
investment
To earn a rate
of return (gross
of fees and tax)
above benchmark
over rolling 5-year
periods within a
clearly defined risk
profile.
To provide members
with a top-quality,
professionally
managed,
diversified global
property securities
investment
To earn a rate
of return (gross
of fees and tax)
above benchmark
over rolling 5-year
periods within a
clearly defined risk
profile.
5 years 5 years 5 years 5 years 3 years
5.3 years in every
20 years
5.1 years in every
20 years
5.4 years in every
20 years
5.2 years in every
20 years
risk Profile High High High High Med
investment mix 100% Ibbotson
Australian Shares
Active Trust
50% Ibbotson
International
Shares Active Trust
(unhedged)
50% Ibbotson
International Shares
Active Trust (hedged)
APir Code INT0022AU INT0048AU (UH)
INT0046AU (H)
ArSn 092 226 563 092 225 486 (UH)
092 226 876 (H)
investment
returns
Crediting
rate
CPi
Crediting
rate
CPi
100% Ibbotson
Australian Property
Securities Trust
100% Ibbotson
International
Property Securities
(Hedged) Trust
To provide members
with top-quality,
professionally
managed,
diversified bond
and fixed interest
investment
To earn a rate
of return (gross
of fees and tax)
above benchmark
over rolling 3-year
periods.
2.7 years in every
20 years
50% Ibbotson
Australian Bond
Trust (Passive)
40% Ibbotson
International Bond
Active Trust (H)
10% Ibbotson
International Bond
Trust (H) (Passive)
INT0054AU INT0077AU INT0020AU (Aus.
Bonds) INT0080AU
(Int’l Bonds [Active])
INT0044AU (Int’l
Bond [Passive])
092 234 378 118 668 929 092 226 456 (Aus.
Bonds) 121 406 219
(Int’l Bonds [Active])
092 232 203 (Int’l
Bond [Passive])
Crediting
rate
CPi
Crediting
rate
CPi
Crediting
rate
2011/12 -6.78% 1.20% -3.02% 1.20% 5.36% 1.20% -1.76% 1.20% 10.88% 1.20%
2010/11 12.76% 3.87% 12.70% 3.87% 4.11% 3.87% 22.18% 3.87% 5.46% 3.87%
2009/10 9.41% 3.05% 12.26% 3.05% 14.03% 3.05% 24.53% 3.05% 10.01% 3.05%
2008/09 -6.63% 1.46% -7.04% 1.46% -9.73% 1.46% -19.10% 1.46% 4.87% 1.46%
2007/08 -7.67% 4.51% -10.79% 4.51% -22.20% 4.51% -13.03% 4.51% 2.45% 4.51%
3 year average 4.77% 2.45% 7.05% 2.45% 7.75% 2.45% 14.34% 2.45% 8.76% 2.45%
5 year average -0.17% 2.66% 0.35% 2.66% -2.56% 2.66% 1.01% 2.66% 6.69% 2.66%
Note on Crediting Rates: These rates only apply to amounts invested for the full year. The rates applying to your account may be different,
depending on the timing of your contributions and benefit payments. Figures shown since unitisation was introduced in May 2002 are
calculated as the change in the redemption (sell) price over the year.
CPI – Consumer Price Index
^ Investment options commenced July 2006
CPi

6 Fees and costs
6 fees and costs
Industry super funds like REI Super are run only to benefit
members, charge low fees and pay no commissions to
eat into your hard-earned super savings.
did you know?
Small differences in both investment
performance and fees and costs can
have a substantial impact on your
long term returns.
For example, total annual fees and costs of 2% of your fund
balance rather than 1% could reduce your final return by up
to 20% over a 30-year period (for example, reduce it from
$100,000 to $80,000).
Low fees
and profits
to members
page 19
You should consider whether features such as superior
investment performance or the provision of better member
services justify higher fees and costs. You may be able to
negotiate to pay lower contribution fees and management
costs where applicable. Ask the fund or your financial adviser.
to find out more
If you would like to find out more or see the impact of
fees based on your own circumstances, the Australian
Securities and Investments Commission (ASIC) website
(moneysmart.gov.au) has a superannuation calculator to
help you check out different fee options.

type of fee or cost Amount How and when paid
fees when your money moves in or out of the fund
establishment fee
The fee to open your investment in REI
Super Elite
Contribution fee
The fee on each amount contributed to
your investment – either by you or your
employer
withdrawal fee
The fee on each amount you take out of
your investment
termination fee
The fee to close your investment
management costs
the fees and costs for managing your
investment in rei Super elite
Service fees
investment switching fee
The fee for changing investment options
Nil Not applicable
Nil Not applicable
$90 The withdrawal fee will be deducted
from your benefit at the time of payment
(including partial withdrawals and closing
your account)
Nil – included in withdrawal fee Not applicable
An administration fee of $1.65 per week,
plus up to 0.28%* of your balance
(estimate) plus fees which represent the
Fund’s Indirect Cost Ratio (ICR).
These fees are for managing the Fund’s
investments. These fees are deducted
before net earnings are credited to
member accounts as follows:
Super growth – 0.56% to 0.66% of your
balance
trustee Super balanced – 0.40% to 0.47%
of your balance
Super Stable – 0.31% to 0.35% of your
balance
Super Cash – 0.15% of your balance
Australian Shares – 0.46% of your
balance
international Shares – 0.59% of your
balance
Australian Property – 0.15% of your
balance
global Property – 0.71% of your balance
fixed income – 0.31% of your balance
Nil Not applicable
page 20
The fixed administration fee is deducted
from your account balance monthly in
arrears.
The percentage fees shown in the column
immediately to the left in this table are
deducted as part of the calculation of unit
prices. These amounts are estimates and
may vary from year to year, as described
in the ‘Additional explanation of fees and
costs’ on page 21.
The percentage fee ranges shown for the
Super Growth, Trustee Super Balanced,
Super Stable investment options and
REI Super Elite’s Australian Shares and
International Shares Options are as a
result of ‘performance based’ investment
fees payable to some underlying
investment managers. None of the
other investment options currently have
any exposure to managers that charge
performance-based investment fees.
See ‘Additional explanation of fees and
costs’ on page 21 for further details in
relation to performance-based investment
fees.
* Note that where the actual expenses incurred by the Fund are less than the amount financed by this 0.28% deduction, the additional amount is credited
to your account via an (upwards) adjustment to the weekly unit price. Note that 100bp (basis points) equals 1.00%.
Buy/Sell spreads apply to some investment options. See ‘Buy/Sell spreads’ on page 21 and the preceding Investment section for details.
For details on Family Law-related fees, see the ‘Additional explanation of fees and costs’ on page 21.

example of annual fees and costs for
a balanced investment option **
This table provides an example of how the fees and costs
in REI Super’s Trustee Super Balanced Option can affect your
superannuation investment over a one-year period. You can
use this table to compare this investment option with other
superannuation products.
example – the trustee Super balanced
investment option
balance of $50,000
with total contributions of $5,000 during year
Contribution fees Nil For every $5,000 you put in, you will be charged $0.
Plus
Management costs
equals
Cost of fund
From 0.68% to 0.75% +
$85.80 ($1.65 per week)
For every $50,000 you have in the Fund you will be charged between $340 and
$375 each year, plus $85.80 in administration fees, regardless of your balance.
If you put in $5,000 during a year and your balance was $50,000, then for that
year you will be charged fees of between $425.80 and $460.80.*
What it costs you will depend on the investment option you choose and the fees
you negotiate with your fund and financial adviser.**
* Additional fees may apply:
If you leave the Fund, you will also be charged a Withdrawal fee of $90.
Buy/Sell spreads may apply to some investment options. See ‘Buy/Sell spreads’ below and the preceding Investment section for details.
** This is a standard format example required by Australian law. The term ‘Balanced Investment Option’ refers, in REI Super’s case, to the Trustee Super Balanced
Option. REI Super does not pay commissions to advisers. As an industry fund that returns all profits and costs to members’ accounts, it provides the same fees for all
members and does not allow negotiation on fees.
buy/Sell spreads
The Buy/Sell spreads for the Fund’s investment options are:
Super growth 0.50% (50 basis points)
trustee Super balanced 0.40% (40 basis points)
Super Stable 0.22% (22 basis points)
Super Cash Zero (0 basis points)
Australian Shares 0.60% (60 basis points)
international Shares 0.50% (50 basis points)
Australian Property 0.40% (40 basis points)
global Property 0.70% (70 basis points)
fixed interest Zero (0 basis points)
When a contribution is received or a benefit is paid, it is used
to purchase or sell units in your investment option. For some
investment options, the entry price for the issue of units may be
different from the exit price for the redemption of those units.
The difference between the entry and exit price represents
an allowance for transaction and operational costs, and is
commonly referred to as a ‘Buy/Sell spread’. This Buy/Sell
spread is paid to the external investment managers, and simply
reflects the cost associated with the investment transaction.
Buy/Sell spreads (if incurred) are additional costs and do not
form part of the management costs shown in the ‘Example of
annual fees and costs’ table above. They are included in the
unit-pricing process.
The Fund will, wherever possible, use available cash flow (e.g.
contributions coming in) to pay benefits to members leaving the
Fund. This will avoid costs associated with buying and selling
underlying assets. Any saving produced is distributed to members
of the Fund as part of the calculation of unit prices. This results in
a reduction in the management costs charged to members. See
above for the Buy/Sell cost for each investment option.
page 21
Additional explanation
of fees and costs
investment management costs
The percentage-based investment management costs shown
in the tables above and opposite are estimates and will vary
from year to year, reflecting actual expenses incurred, the value
of assets invested with each investment manager, and whether
performance based investment fees apply.
If the actual expenses incurred are greater than the estimate,
then the unit price would decrease. If the actual expenses
incurred are less than the estimate, the unit price would
increase.
Performance-based investment fees charged by some
managers are deducted from the portion of the Fund’s assets
invested in the underlying portfolio they manage, and are
reflected in the unit prices of the Fund. Performance fees are
typically between 10% and 20% of performance above a relative
benchmark index.
The estimated performance-based fees shown assume that:
the current strategic asset allocation to existing investment
managers with performance-based fees remains unchanged; a
performance fee of 10.25% applies; and a performance outcome
of 10% above the benchmark is achieved.
This is considered a conservative estimate that could be payable
in a year. However, they could be higher or lower, depending on
the actual performance outcome achieved by each manager.

fees for financial advice
Financial planning is offered to REI Super members
through Mercer. Mercer financial advisers are authorised
representatives of Mercer Financial Advice (Australia) Pty Ltd
(MFA) ABN 76 153 168 293, Australian Financial Services
Licence 411766.
All members of REI Super with balances over $100,000
automatically become members of REI Super Elite. REI Super will
contact you regarding the additional benefits and you will have
the option to opt out of this membership if you do not wish to
join. Part of the Elite service is a free initial appointment with a
Mercer adviser. If further advice regarding superannuation is
provided, REI Super will subsidise some of the cost. Conditions
do apply, which should be discussed with your adviser.
Mercer financial advisers are salaried professionals who do
not receive commissions for advice provided to our members.
You can arrange an appointment with them to discuss your
financial situation. There is no cost or obligation to have the initial
consultation.
You will be provided with a fixed price quote for any further
advice. Any fees are set by agreement between you and Mercer
and provided to you in a letter of engagement. Contact Mercer
on 1300 13 44 33.
Adviser service fees
REI Super does not pay or receive commissions. If you have used
a financial adviser, they may charge a fee for the provision of
their services, and you will need to discuss with them their Fees
and Charges policy.
family Law fees
Family Law legislation allows for accrued superannuation
benefits in superannuation accounts to be divided between
couples upon their confirmed separation (special legal
requirements apply) or divorce. A request for information about
a member’s account balance can be made by the member,
the member’s spouse or a person considering entering into a
superannuation agreement with a member (e.g. a pre-nuptial
agreement).
REI Super charges a one-off fee of $450 for Family Law
information and for splitting a superannuation payment upon
receipt of a splitting agreement or court order. This fee will be
invoiced direct to the relevant party.
page 22
fee changes – our disclosure obligations
All fees are current at the time of publication. They may be
revised or adjusted by REI Super from time to time. REI Super may
also introduce new fees from time to time. If there were to be an
increase in fees, the Trustee would notify you at least 30 days in
advance of the change.
member Protection
If your account balance is under $1,000 at 30 June in any year, in
accordance with government regulations, REI Super will normally
limit the administration costs for that year to a maximum of the
amount of interest that the account balance has earned. Note that
this ‘Member Protection’ provision does not apply in respect of
insurance premiums, tax, or fees deducted prior to the declaration
of investment returns, so those charges will still be deducted.
If overall investment returns are lower than the overall
administration costs of the Fund in a particular year, REI Super
will charge the lesser of the normal fees and the investment
return credited to your account, plus $10. If the investment return
credited to your account is negative, the Trustee will charge the
lesser of $10 or the normal fees.

7 How super is taxed
7 How super is taxed
Super is one of the most tax-effective ways of saving
for your future.
That’s because contributions and investment earnings
are only taxed at the low rate of 15% * , not at your
marginal tax rate as other investments are.
* Contribution limits apply.
Super is
taxed at a
low rate!
page 23

The following information is a general description of the tax
treatment of superannuation accounts and superannuation
pensions, and is based on our understanding of the tax laws
as at the date of this Booklet. It aims to give you an overview
only, assuming you are an Australian resident. If you are not an
Australian resident for income tax purposes, different tax rules
may apply.
As the tax treatment of super can be complex and may change at
any time, we recommend that you obtain advice from a licensed,
or appropriately authorised, financial adviser about how the tax
laws affect you. This particularly applies if you are considering
making large super contributions or are considering retiring. You
should also consider obtaining advice as you build your super, so
that you can appropriately plan for your eventual retirement.
your tax file number (tfn)
Your TFN is important – if the Fund’s Trustee has your TFN, you’ll
avoid paying extra tax on your contributions and your super
payout, and the Trustee can accept your contributions. Your
employer must pass your TFN to your super fund when you
provide it for employment purposes. You don’t have to provide
your TFN number to your employer. However, if the Fund Trustee
does not have your TFN:
> you will pay higher tax on any concessional contributions
made for you
> the Trustee will only be able to accept employer (including
salary sacrifice) contributions made for you. No other
contributions can be accepted, including non-concessional
contributions and Government co-contributions
> you may pay higher tax than necessary on your super payout.
Any TFN information supplied to the Trustee will automatically be
applied to all future contributions to and benefits paid from REI
Super. If you do not have a TFN or require further information,
contact the ATO on 13 10 20.
taxes on superannuation accounts
Superannuation is generally taxed at three stages:
> Contributions paid into a super fund
> Super benefits from a super fund
> Investment earnings of a super fund.
page 24
Summary of annual super contribution limits and
tax treatment
type of
contribution
Annual
contribution cap*
excess
contributions tax
Concessional $25,000 31.5% 2
Non-concessional $150,000 46.5%
Non-concessional
(3–year) 1
$450,000 46.5%
TFN not quoted n/a 46.5%
1. Individuals under 65 may bring forward the non-concessional cap for the
next 2 years (i.e. $450,000 over 3 years). The ‘bring-forward’ provision is
automatically triggered if a person makes a non-concessional contribution in
excess of $150,000 in a financial year.
If you are age 65 or over, a limit of $150,000 applies for each financial year.
You cannot bring forward contributions for future years. To make contributions
after age 65, you must meet certain conditions set down in legislation. See
the ‘Contributions’ section on page 4 for details. The limit is a limit per person,
not a limit on the amount that can be made to each super fund if a person is
a member of more than one fund.
The Trustee can generally accept amounts up to these limits, but where
any contribution, taken by itself, exceeds the limits, the Trustee is required
to refuse to accept, or refund, the excess amount. The Trustee will continue
to accept contributions which, by themselves, do not exceed the limits. This
may mean that the total contributions received for you during a financial
year will exceed the limits, and you may be liable for additional tax. It is your
responsibility to monitor contributions made during each financial year.
2. Excess concessional contributions tax of 31.5% is levied on the individual
(on top of the original 15% contributions tax paid by the Fund). The ATO will
determine whether you have exceeded the limit and whether you are liable
for any additional tax. If additional tax is payable, the ATO will issue a tax
assessment to you. You can either pay this additional tax yourself, or you can
ask the Fund Trustee to pay this additional tax from your super account. If you
have already paid the tax yourself, you can ask the Trustee to refund to you
the amount paid, and this will reduce your super account accordingly. If REI
Super pays this additional tax to you or the ATO, a Withdrawal fee will apply
(see ‘Fees and costs’ on page 19 for details).

tax on contributions
From 1 July 2007, super contributions are classified as either
‘concessional’ or ‘non-concessional’.
Concessional contributions
Concessional contributions include superannuation guarantee
(SG) contributions, salary sacrifice contributions, any extra
employer contributions, and contributions for which a tax
deduction is claimed.
Concessional contributions may also include certain other
amounts allocated by the Trustee, certain contributions made by
other people (except the member’s spouse or employer) for the
member, and some parts of an employment termination payment
that you have received from an employer and rolled over.
Concessional contributions up to an annual limit are taxed at 15%.
Note that it will only be possible for the Trustee to pay or refund
this tax up to the amount in your super account.
Any concessional contributions over the limit will also count
towards the limit on non-concessional contributions – see
‘Non-concessional contributions’ below.
non-concessional contributions
Non-concessional contributions include contributions made
from your after-tax salary, spouse contributions made for you,
certain amounts allocated by the Trustee, and any concessional
contributions over and above the concessional contributions limit.
Non-concessional contributions up to $150,000* are generally
tax-free.
* The non-concessional contributions limit is six times the level of the $25,000
concessional contributions limit, and will increase as the concessional limit
moves with indexation.
The ‘bring-forward’ limit is three times the non-concessional contributions
limit that applies in the first year you elect to bring forward contributions.
obtain advice
Since the rules in relation to maximum contributions can be
complex, and could have an important financial impact on your
circumstances, we strongly suggest you obtain professional
advice, such as from your REI Super Licensed financial planner,
if you think these limits may apply to you.
you’ll pay tax if you exceed the annual
non-concessional limit
If non-concessional contributions exceed these limits in total,
any excess contributions will be taxed at 46.5%. The ATO will
determine whether you have exceeded the limits and whether
you are required to pay any tax. Any tax payable will be your
responsibility, and you must nominate a fund to release money
from your super account to pay the money either as tax to the
ATO or to you if you have already paid the tax yourself.
If you nominate REI Super, your account balance will be reduced to
take account of any tax paid. When REI Super pays this additional
tax to you or the ATO on your behalf, a Withdrawal fee of $90 will
apply (see the ‘Fees and other costs’ table on page 20).
page 25
tax on benefits
You may have to pay tax on your super payout when it is paid
from REI Super. The actual amount of tax depends on:
> your age when you leave the Fund
> the type of payout, and
> certain other factors.
You should obtain advice from a licensed, or appropriately
authorised, financial adviser if you are unsure of what tax you
may have to pay.
your lump sum payout and tax
The tax payable on lump sum super benefits (for reasons other
than death) depends on your age and the different components
that make up your payout.
Lump sum benefits after age 60
You pay no tax on lump sum benefits after age 60.
Lump sum benefits before age 60
Your lump sum payout will be made up of two components:
> a tax-free component – this generally comprises your
personal after-tax contributions, spouse contributions and
an amount that represents the portion of your benefit built up
before 1 July 1983. A higher tax-free amount may apply if you
are totally and permanently disabled. You pay no tax on this
component; and
> a taxable component – this is your super payout, less any
tax-free component. If you take your super payout after you
reach your preservation age but before age 60, you pay no
tax on the first $175,000* of this component and 15%^ tax on
any amount over $175,000.
If you take your super payout before you reach your preservation
age, you pay tax at 20%^ on your total taxable component.
Higher tax rates will generally apply to preserved or restricted
non-preserved super benefits to a temporary resident who has
permanently left Australia.
* Applicable for the 2012/13 financial year. The limit is indexed from 1 July
each year to Average Weekly Ordinary Time Earnings (AWOTE).
^ Where applicable, the Medicare levy is also payable.

tax on death and disablement benefits
A lump sum payment made upon your death directly to a
dependant (as defined for tax purposes) will be tax-free.
A non-dependant will be taxed at special rates (ranging from
15% to 30%, plus Medicare levy) on the taxable component; no
tax is payable on any tax-free component.
Similarly, if a lump sum payment is made upon your death to
your estate for distribution in accordance with your Will or the
administration laws, the amount given to a dependant by the
estate will be tax-free in the estate and to the dependant. A
payment by the estate to a non-dependant will be taxed at
special rates on the taxable component; no tax is payable on
any tax-free component.
tax on total and Permanent disablement
Insurance benefits are taxed at different rates depending on
your age when you are disabled. For example, when you are
young, the level of tax rate is very low; when you are near
retirement, the level of tax will be similar to tax on the Retirement
benefit. For more information, contact the ATO on 13 10 20.
Salary Continuance insurance benefits are generally taxed in the
same way as salary or wages.
page 26
tax on investment earnings
Generally, the Trustee is liable to pay tax at a maximum rate of
15% on:
> investment income
> realised capital gains from assets held for less than twelve
months, and
> two-thirds of realised capital gains from assets held for more
than twelve months.
The actual tax rate may be reduced below 15%, due to the effect
of various tax credits and rebates, such as imputation credits on
Australian shares investments.
Any tax on investment earnings are paid by the Fund prior to the
net earnings being credited to your account.
tax on money transferred into or out of a fund
There is no tax payable if you transfer money from one super
fund to another, unless the amount transferred contains an
untaxed component (for example, a termination payment direct
from an employer, or a payment from certain superannuation
funds for government employees). An untaxed component
attracts a 15% tax.
tax on rollovers
No tax is payable when you transfer your super into a pension,
except for any of the following components of your transfer:
1. the taxable component of certain lump sum payments
made by your employer to you when your employment is
terminated; and
2. any ‘untaxed element’ from a super fund (e.g. an unfunded
public sector scheme).

8 Insurance in your super
Automatic cover
and options to
increase...
8 insurance in
your super
Most of us insure our car, our house and our health,
but not our life.
With REI Super Elite, you get the peace of mind that comes
with knowing that your loved ones will be provided for
if you die or become temporarily or permanently disabled.
page 27

types of insurance
The Fund provides Death and Total and Permanent Disablement
(TPD) benefits for members. Salary Continuance Insurance
(SCI), often referred to as Income Protection, is also available
to members who elect to take out this cover.
your insurance cover
You can purchase units of insurance whereby the insurance
amount is determined by your age. Insurance premiums are
deducted from your account monthly in arrears.
You may seek to obtain advice on your insurance cover by
calling 1300 13 44 33. Our Helpline can provide both general
and personal advice (if needed) over the phone and in person.
death and tPd cover
Insurance cover for Death and TPD generally commences
automatically when you first join the Fund, and you can elect to
increase your insurance cover at any time by applying online
or downloading the application form. Evidence of health will
be required to enable the Insurer to assess your application for
additional cover.
See ‘Additional cover’ on page 29.
Salary Continuance insurance cover
Salary Continuance Insurance helps to protect you and your
family against your loss of earnings if you are totally or partially
disabled as a result of injury or illness.
More information is available on page 33.
our insurer
The Fund’s insurance provider is MetLife Insurance Limited (the
Insurer), ABN 75 004 274 882, AFSL No. 238096, Level 9, 2 Park
Street, Sydney NSW 2001.
The insurance cover offered by the Fund is provided under
policies of insurance issued to the Trustee by the Insurer. The
Trustee has the right to change the Insurer from time to time.
The Trustee holds Death and Total and Permanent Disablement
cover and Salary Continuance Insurance cover with the
Insurer. The current insurance policies are summarised here.
A copy of the full terms and conditions are contained in the
Insurer’s policy documents, which are available upon request.
page 28
death and total and Permanent
disablement (tPd) cover
default Cover
When you first join REI Super, you will automatically be
provided with Default Cover for Death & TPD. This means you
are not required to provide evidence of health or need to be
underwritten by our Insurer.
All members of the Fund who have their first Employer
Contribution received by the Fund within 6 months of first joining
the Fund receive Default Cover of 4 units; this is illustrated in the
Insurance Scale table on page 32.
You must be in ‘Active Employment’ (see definition on page 29)
on the date that cover commences. Otherwise, Limited Cover will
apply until you return to Active Employment for 30 consecutive
days.
An Employer contribution must be received within 6 months of
joining the Fund. If not received, all cover will cease, and health
evidence will be required to reinstate the cover.
The maximum amount of cover is equivalent to the greater of
$2.08 million or 20 units. Each unit of cover is a fixed cost of
$1.00 per week for Death & TPD, and $0.75 for Death only cover.
Automatic Acceptance to 6 units
We will accept you for up to a further 2 units of cover, provided
that you complete a Membership Application Form within
6 months of joining the Fund.
existing members transferring to the elite member
category
Where you transfer to the Elite member category, your Insured
Cover will be transferred on the same terms which were in place
on the day before you became an Elite member.
You are able to apply for an extra 2 units of cover within
6 months of transferring to Elite.
fixed Cover amount
Elite members may elect to fix their Insured Cover amount. The
cost of this insurance (the premium) is calculated based on your
age and the type of cover: Death only or Death & TPD.
If you are not in Active Employment on the date of your
request, Limited Cover will apply to any difference between
the Fixed Cover and the amount of cover from the sum insured
corresponding to your age as per the Insured Benefit Scale
(see table, page 33) until you are in Active Employment for
30 consecutive days, from when full cover will apply.

Additional cover
The maximum amount of cover for Elite members is the greater
of 20 units or $2.08 million of the Insured Benefit Scale and the
Fixed Cover Scale as per the tables on pages 32 and 33.
If you submit a request for more than 6 units of cover within
6 months of date you joined Fund, or you apply for any amount
of additional cover after this time, you will be required to provide
health evidence. The Insurer may accept your application, apply
exclusions, accept your application for Death cover but decline
or restrict your TPD insurance, or reject your application.
You can apply for additional cover online simply by logging
in to your REI Super account at reisuper.com.au and going to
the insurance area. Fast and simple, your online insurance
application should take less than 10 minutes to complete.
You will normally receive an immediate decision on your
application. Where additional information is required by
the Insurer, your application is immediately forwarded to a
dedicated underwriter who will contact you on your preferred
telephone number and time.
You may also vary your insurance cover by completing an
Adjusting your insurance cover form, together with a Personal
Statement to be assessed by the Fund Insurer. Please note
however, that completing a paper-based application may take
longer to be processed than if you apply online.
If you are permanently employed and working at least 15 hours
per week, you can apply for SCI at the same time (see page 33).
Accidental death or disablement cover
When you provide evidence of health, you will be provided
with accidental Death and, if you are applying for TPD cover,
accidental Disability cover up to the amount that you elect while
being assessed by the Insurer. This cover commences when the
Insurer receives a fully completed application from you.
This cover will apply until the earliest of the following events:
> You have been accepted or rejected by the Insurer for cover; or
> You have withdrawn the request for cover; or
> 90 days have passed since the date your application was
received.
This cover will be limited to the lesser of the amount of cover
being assessed; and $1.5 million.
Limited Cover
If on the date you first became eligible for insurance cover you
were not in Active Employment (see right), your insurance cover
will be limited to an illness that first becomes apparent or an
injury that first occurs on or after the date your insurance cover
commenced, is increased or recommenced.
If you have been granted Limited Cover by the Insurer due to
not being in Active Employment, the Limited Cover restrictions
will be removed after you have been in Active Employment for
a period of 30 consecutive days, unless you joined the Fund
more than 6 months after being first eligible. In that case,
Limited Cover will continue for a period of at least 12 consecutive
months, after which time Full Cover commences if you are in
Active Employment.
page 29
Active employment
‘Active employment’ means you are employed by an employer
and capable of performing your identifiable duties without
restriction by any Illness or Injury for at least 35 hours per week
(whether or not you are actually working those hours).
Life events benefit
You may elect to increase your cover by 1 unit without the Insurer
assessing you, upon undergoing one of the following events:
a. getting married;
b. adopting or becoming the natural parent of a child; or
c. obtaining a mortgage on a newly purchased property in
which you intend to reside immediately after its purchase.
You must apply for and provide evidence that any of the above
events has taken place no more than 3 months prior to your
application, and you must be in Active Employment on the
date of the application, and employer contributions are being
received by the Fund.
Where you are not in Active Employment on the day we receive
your application to increase cover, Limited Cover will apply to
the amount of the increase in cover until you return to Active
Employment for 30 consecutive days.
You can only opt to increase your cover under this option once,
and your total cover cannot exceed the maximum of 20 units.
Necessary supporting documentation is as follows:
event
Accepted Certified
document
notes
marriage Marriage Certificate Marriage must have
occurred no more than
3 months before your
application under Life
Events.
birth or
Adoption
of Child
Birth Certificate or
Adoption Papers
mortgage Contract of Sale,
financier papers,
building contract,
Title Deed AND
Proof of address
Birth or Adoption must
have occurred no
more than 3 months
before your application
under Life Events
Purchase must have
occurred no more
than 3 months before
your application under
Life Events. Proof of
address required
to validate that the
purchase is for your
primary residence.

definition of ‘total and Permanent
disablement (tPd)’
The Fund’s Trust Deed states that the definition of Total and
Permanent Disablement is that in the Trustee’s insurance
policy. This definition applies to members who hold TPD cover
with REI Super.
You suffer Total and Permanent Disablement if:
A. When you are employed in permanent employment for at
least 15 hours per week, or were employed in permanent
employment for at least 15 hours per week within the
12 months prior to your date of disablement, and you:
(i) suffer the permanent loss of use of 2 limbs or the sight of
both eyes or the loss of use of one limb and the sight of
one eye (where limb is defined as the whole hand or the
whole foot); or
(ii) have been absent from your occupation with your
employer through illness or injury for 6 consecutive
months, and have provided proof to the satisfaction of us
that you have become incapacitated to such an extent as
to render you unlikely ever to engage in or work for reward
in any occupation or work for which you are reasonably
qualified by reason of education, training or experience; or
B. When you are employed less than 15 hours per week, or have
not been in permanent employment for at least 15 hours per
week within the 12 months prior to your date of disablement,
and you:
(i) suffer the permanent loss of use of 2 limbs or the sight of
both eyes or the loss of use of one limb and the sight of
one eye (where limb is defined as the whole hand or the
whole foot); or
(ii) through Illness or Injury, and having provided proof, to the
satisfaction of us, are permanently unable to perform at
least 2 of the following 6 basic activities of everyday living:
> Bathing – to shower or bathe;
> Dressing – to dress or undress;
> Toileting – to use the toilet, including getting on and off;
> Feeding – to eat and drink;
> Mobility – to get out of a bed or a chair or a wheelchair;
or
> Continence – to control bladder and bowel function.
If you can perform the activity by using special equipment,
you will be considered able to undertake that activity; or
(iii) through Illness or Injury, and having provided proof, to
the satisfaction of us, you suffer from the permanent
deterioration or loss of intellectual capacity that has
required you to be under continuous care and supervision
by another adult person for 6 consecutive months, and this
care is likely to be ongoing on a permanent daily basis.
page 30
‘terminal illness’ means:
A. a Medical Practitioner, specialising in your Illness, certifies in
writing that despite reasonable medical treatment the Illness
will lead to your death within 12 months of the date of the
certification; and
B. we are satisfied, on medical or other evidence, that despite
reasonable medical treatment the Illness will lead to your
death within 12 months of the date of the certification referred
to in paragraph (a).
* Medical Practitioner means a person who is registered and practising in
Australia, other than you, your parent, child, sibling, spouse/partner, business
partner, associate or employee.
The Illness from which you suffer must occur, and the date of the
certification referred to in paragraph (a) must be made while you
are insured with REI Super and must be current at the time the
claim is lodged.
when death and tPd benefits are paid
The Insurer pays insurance benefits to the REI Super Trustee. The
insurance benefit then becomes payable in accordance with the
Fund’s Trust Deed and superannuation laws.
The Trustee must receive a claim for an insurance benefit as
soon as possible after the event that triggers the claim. The
Trustee will deal with the Insurer in relation to processing the
claim, and if accepted, payment of the proceeds.
The Trustee will require information in support of any claim.
In the event that you make a claim, the Insurer reserves the
right to investigate the claim, including but not limited to,
conducting surveillance and requesting information and medical
examinations. The Insurer will meet the cost of any surveillance
or medical examinations.
If you are travelling overseas, you may be required to return to
Australia to be assessed for a TPD or Terminal Illness benefit.
The Insurer will not pay for any costs relating to your return to
Australia.
Payment of a death benefit
When you join the Fund or subsequently while a member of
the Fund, you may nominate a dependant or dependants (see
definition overleaf) to receive your benefit in the event of your
death. The Trustee will take your wishes into account; however, it
is not bound by your nomination(s).
You may change your nominated dependant(s) at any
time. Simply access your personal details through the secure
membership section of the website at reisuper.com.au with your
Member Number and PIN. You can also complete a Change of
Membership Details form also available on the website.
If you die while a member of the Fund, your Death benefits (your
account balance plus any insured benefit) will be paid to one or
more of your dependants or your legal representative.

‘dependant’ means a spouse and any child (including any child
conceived but not yet born, an adopted child, a step-child or an
ex-nuptial child) of a member at the time of the person’s death
or other relevant time; and the term ‘Dependant’ will also extend
at the absolute discretion of the Trustee to any other person
deemed acceptable as a Dependant under the relevant law.
If you die and your account has been inactive (i.e. no
contributions or rollovers have been received) for at least two
years or if REI Super is unable to ensure the Death benefit is
received by the person who is entitled to receive the benefit
after making reasonable efforts, it is required by law to pay the
benefit to the Government as ‘unclaimed money’.
overseas residence and travel
If you a member of the Fund and are an Australian resident or
New Zealand citizen residing overseas, you will be provided
with cover in the Fund.
If you are a member of the Fund but you are neither an
Australian resident nor a New Zealand citizen residing overseas,
we will provide cover whilst you remain overseas for a period of
up to 90 days.
You may be required by us to return to Australia at your own
expense, if you were to lodge a claim, to be assessed for Total
and Permanent Disablement, Total and Permanent Disablement
by Accident, or Terminal Illness.
No benefit will be paid for you if your Illness or Injury is directly or
indirectly caused by war outside Australia.
when cover ends
Insurance cover for Death and TPD ends when any of the
following occurs:
> There are insufficient monies in your account to pay the
insurance premium;
> You reach 65 years of age;
> You commence duty with the military services of any country
(excluding the Australian Armed Forces Reserve where you
are not on active duty outside of Australia);
> You cease to be a member of REI Super;
> The Insurer admits an insured benefit on your death or
disablement;
> You give written notice to the Fund to voluntarily cancel your
insurance cover.
Insurance cover for TPD also ends if:
> 12 months has elapsed since the receipt date of the last ontime
SG contribution made on your behalf by your employer;
or
> You are on unpaid leave for a period exceeding 12 months
(see conditions under ‘Leave Without Pay’ following).
page 31
Continuation of cover when you
leave employment
An Employer contribution is required at least every 12 months
to maintain full insurance cover.
Where you cease to be employed with an employer who is
contributing your SG contributions to REI Super, your Death
and TPD cover will continue for a period of 12 months. This is
provided there are sufficient monies in your account to continue
paying the insurance premiums.
After a period of 12 months, if your contributions to REI Super
have not recommenced from a new employer for you, your TPD
and any SCI cover will cease and you will retain Death cover
only. When SG contributions recommence for you, TPD cover will
be reactivated in accordance with the guidelines below:
> SG contributions recommence less than 18 months after they
ceased and you are in Active Employment – You will have your
TPD cover reinstated to the same number of TPD units you
held on the day it first ceased.
> SG contributions recommence more than 18 months after they
ceased – you will be required to provide health evidence to
reinstate TPD cover.
Leave without Pay
You will continue to be covered during a period of leave without
pay from your employer for up to 24 months from the date the
leave without pay commences. You need to request that your
cover is retained for this period before the first 12 months of your
leave without pay has passed; otherwise, your TPD and SCI
cover will cease.
Spouse cover
When joining the Fund as a Spouse member you can elect to
have Death cover only. This cover is subject to the provision of
health evidence and underwriting by the insurer.

death and total and Permanent disablement: insured benefit Scale
death & total and Permanent disablement Cover: $1.00 per unit, per person covered per week where this cover applies.
death only Cover: $0.75 per unit, per person covered per week where this cover applies.
Age at date of
death or disablement
Sum insured for
1 unit of cover
Sum insured for
4 units of cover (default)
page 32
Sum insured for
6 units of cover
Sum insured for
20 units of cover
15 $62,500 $250,000 $375,000 $1,250,000
16 $62,500 $250,000 $375,000 $1,250,000
17 $62,500 $250,000 $375,000 $1,250,000
18 $62,500 $250,000 $375,000 $1,250,000
19 $62,500 $250,000 $375,000 $1,250,000
20 $62,500 $250,000 $375,000 $1,250,000
21 $62,500 $250,000 $375,000 $1,250,000
22 $62,500 $250,000 $375,000 $1,250,000
23 $64,000 $256,000 $384,000 $1,280,000
24 $69,000 $276,000 $414,000 $1,380,000
25 $74,000 $296,000 $444,000 $1,480,000
26 $80,000 $320,000 $480,000 $1,600,000
27 $87,500 $350,000 $525,000 $1,750,000
28 $98,000 $392,000 $588,000 $1,960,000
29 $103,000 $412,000 $618,000 $2,060,000
30 $104,000 $416,000 $624,000 $2,080,000
31 $104,000 $416,000 $624,000 $2,080,000
32 $104,000 $416,000 $624,000 $2,080,000
33 $104,000 $416,000 $624,000 $2,080,000
34 $104,000 $416,000 $624,000 $2,080,000
35 $104,000 $416,000 $624,000 $2,080,000
36 $104,000 $416,000 $624,000 $2,080,000
37 $104,000 $416,000 $624,000 $2,080,000
38 $103,250 $413,000 $619,500 $2,065,000
39 $100,000 $400,000 $600,000 $2,000,000
40 $91,750 $367,000 $550,500 $1,835,000
41 $84,500 $338,000 $507,000 $1,690,000
42 $77,000 $308,000 $462,000 $1,540,000
43 $68,500 $274,000 $411,000 $1,370,000
44 $62,000 $248,000 $372,000 $1,240,000
45 $55,000 $220,000 $330,000 $1,100,000
46 $49,000 $196,000 $294,000 $980,000
47 $42,250 $169,000 $253,500 $845,000
48 $35,750 $143,000 $214,500 $715,000
49 $30,000 $120,000 $180,000 $600,000
50 $27,000 $108,000 $162,000 $540,000
51 $24,000 $96,000 $144,000 $480,000
52 $20,700 $82,800 $124,200 $414,000
53 $18,200 $72,800 $109,200 $364,000
54 $16,000 $64,000 $96,000 $320,000
55 $14,025 $56,100 $84,150 $280,500
56 $12,500 $50,000 $75,000 $250,000
57 $9,800 $39,200 $58,800 $196,000
58 $8,100 $32,400 $48,600 $162,000
59 $6,300 $25,200 $37,800 $126,000
60 $4,900 $19,600 $29,400 $98,000
61 $3,500 $14,000 $21,000 $70,000
62 $2,800 $11,200 $16,800 $56,000
63 $1,750 $7,000 $10,500 $35,000
64 $900 $3,600 $5,400 $18,000
65 Nil nil Nil Nil

elite members fixed Cover
rate of Premium for benefits
Age based rates per $1,000 Annual insured Cover
Age attained as at
1 July prior to the
period of cover death and tPd death only
Age 35 or less $0.50 $0.28
36 $0.52 $0.29
37 $0.55 $0.30
38 $0.58 $0.32
39 $0.62 $0.34
40 $0.66 $0.36
41 $0.69 $0.38
42 $0.73 $0.40
43 $0.78 $0.43
44 $0.83 $0.45
45 $0.88 $0.48
46 $0.95 $0.52
47 $1.02 $0.56
48 $1.11 $0.61
49 $1.21 $0.67
50 $1.33 $0.73
51 $1.49 $0.82
52 $1.68 $0.92
53 $1.93 $1.06
54 $2.26 $1.24
55 $2.60 $1.43
56 $3.06 $1.68
57 $3.71 $2.04
58 $4.33 $2.38
59 $5.78 $3.18
60 $7.43 $4.09
61 $10.40 $5.72
62 $13.00 $7.15
63 $20.80 $11.44
64 $52.00 $28.60
65 $0.00 $0.00
page 33
example of fixed benefit Cover
Angela is the Principal of an office, and has determined that
she needs $800,000 cover in the event she dies or becomes
totally and permanently disabled. She was aged 38 at 1 July
prior to the commencement of cover. The calculation of her
premium is as follows:
800 x $0.58 = $464.00 per annum
(where $0.58 is the cost per thousand dollars of Fixed
Benefit cover at age 38 for Death & TPD cover.)
Next year, assuming Angela keeps the same amount and
type of cover, the premium would be:
800 x $0.62 = $496.00 per annum
(where $0.62 is the cost per thousand dollars of Fixed
Benefit cover at age 39 for Death & TPD cover.)
Each year, the amount of Insurance cover remains the
same, but the premium will increase in line with age.
Salary Continuance insurance (SCi)
what is it?
Salary Continuance Insurance (SCI) protects you and your
family against your loss of earnings if you are totally or partially
disabled as a result of injury or illness. When eligible, the benefit
is payable monthly in arrears for up to two years, but will cease
once you reach age 65. This insurance is optional and may not
be suitable for all members.
SCI is not available to Spouse and retained members.
who can apply?
You can apply for Salary Continuance Insurance cover if you
are under 65 years of age and work at least 15 hours per week
on a permanent basis. You will be required to provide health
evidence, and the Insurer may accept your application, apply
exclusions, or reject your application. For more information
about how to apply, please refer to page 35.
what does it cost?
The cost per unit of Salary Continuance Insurance depends
on the waiting period you have selected.
> $13 per annum (90-day waiting period); or
> $30 per annum (60-day waiting period); or
> $36 per annum (30-day waiting period).
Each unit provides an annual benefit amount of $5,200
(i.e. $100 per week). Premiums do not increase with age, are
deducted from your REI Super Employer Contribution, and
do not require additional contributions for funding. You must
select at least 2 units of cover, which is the equivalent benefit
of $10,400 p.a. See table on page 35.
Salary Continuance Insurance provided through REI Super is not
tax-deductible to the member.

SCi benefit
Your SCI monthly benefit will always be the lowest figure of:
a. 75 per cent of your ‘Monthly Income’
b. the value of your units of cover divided by twelve
c. $20,000
‘monthly income’ means:
if you are employed at the time of a claim incident means:
The total monthly regular income received from your employer
for your usual occupation (including salary sacrifice amounts,
but excluding overtime, profit distribution, director’s fees and
any other non-regular payments). If your income includes
commission and bonuses, these components will be averaged
over a period of 36 months.
if you are not employed at the time of a claim incident:
The average of your regular income as stated above in the
previous 36 months, or the actual period if less, subject to a
minimum averaging period of 6 months.
if you directly or indirectly own part or all of the business or
professional practice from which you earn a regular income:
Earnings include the gross revenue generated by the business
as a result of your personal exertion, less eligible business
expenses. Earnings include investment income, business
expenses and mandated superannuation contributions.
Monthly income is the average over the previous 36 months.
when does your cover start?
Your cover starts on the day your application is accepted by the
Insurer and the first premium is received. We will advise you in
writing of the outcome of your application.
When you provide evidence of health you will be provided with
Disability by Accident cover up to the amount of cover elected
while being assessed by the Insurer, to a maximum of $5,000
per month. This cover commences when the Insurer receives a
fully completed application from you.
This cover will apply until the earliest of the following events:
> You have been accepted or rejected by the Insurer for SCI
cover; or
> You have withdrawn the request for SCI cover; or
> 90 days have passed since the date your application was received.
when is the benefit paid?
SCI benefits will commence once you have been off work due
to injury or illness for a continuous period of 90 days and you
satisfy the insurance policy definition of disability. You are able
to select a waiting period of 30, 60 or 90 days that is most
appropriate for your personal circumstances.
A recurrence of disability from the same cause within 6 months
of your return to work will be treated as a continuation of the
claim, and the 90-day waiting period will be waived unless you
had already been in receipt of benefits for the same cause for
2 years (the maximum benefit period).
page 34
what is the maximum benefit?
The maximum monthly benefit is equal to:
> the lesser of the benefit applicable, based on the number of
units of cover held, and 75% of your monthly pre-disability
salary (averaged over the last three years), less
> any amount you are entitled to receive as compensation for
loss of your income or income earning capacity (e.g. worker’s
compensation, transport accident payments, Centrelink or
other statutory or government payments) in respect of loss
of income (whether under legislation or otherwise) or from
another income protection policy, up to
> a maximum of $20,000 per month.
The monthly benefit for partial disablement is a proportion of the
benefit for total disablement.
you can insure your Superannuation Contribution
benefit
You can elect to increase your insurable level to 85%, where
the additional 10% is paid into the Fund as a superannuation
contribution in the event of a claim.
The cost of this cover will be determined by the number of units
of $5,200 that are converted into a higher level of cover of 85%
of salary instead of 75% of salary.
How long is the benefit payable?
The benefit can continue up to 24 months (2 years) from
commencement of payment, or will cease when:
> You are no longer Totally Disabled or Partially Disabled;
> You cease to be under the regular treatment of a registered
Medical Practitioner*;
> Medical or other evidence confirms to the Insurer’s satisfaction
that you can return to work, or you fail to produce medical
evidence confirming your inability to resume work;
> You reach age 65; or
> You die.
definition of ‘disability’
‘Total Disability’ means that you have a disability caused by an
injury or illness, and are:
> unable to perform your occupation
> not otherwise engaged in business activity
> under the regular treatment of a Medical Practitioner*.
‘Partial Disability’ means that you have ceased to suffer Total
Disability, and:
> have been disabled for at least 14 days out of the first
19 consecutive days of the waiting period
> are unable to work in your occupation at full capacity as
a result of the illness or injury resulting in your disability
> are capable of returning to partial employment
> will receive income less than your former income
> are under the regular treatment of a Medical Practitioner*.
* Medical Practitioner means a person who is registered and practising in
Australia, other than you, your parent, child, sibling, spouse/partner, business
partner, associate or employee.

when does cover end?
Your insurance cover will cease on the earliest of a number of
events referred to in the policy, including:
> the date we receive your written request to cancel your
insurance cover (or the later date specified in your request)
> the end of three months in which your REI Super account
balance is reduced to $0
> the date you become a lost member
> when you turn 65, or
> you are no longer disabled.
You will continue to be covered for a period of 12 months after the
date you leave employment and your last employer contributes.
rehabilitation expense benefit
In addition to the SCI benefit, rehabilitation expenses (such as a
rehabilitation course or the cost of a device to assist your return to
work) may be approved and paid by the Insurer. The maximum
amount provided under this benefit is 6 times your SCI monthly
benefit, and this is paid directly to the service provider.
exclusions
Disabilities caused by or resulting from any of the following are
not covered:
> any injury or illness which is intentionally self-inflicted;
> any act of war (declared or not);
> normal and uncomplicated pregnancy or childbirth;
> criminal activity; and
> service in armed forces.
examples of Salary Continuance insurance benefits
Annual income
75% of
Annual income
units
of insurance
Annual
SCi benefit
page 35
Cover while overseas
You will be covered while overseas except if, on the day prior to
leaving Australia, the country you are travelling to is subject of an
Australian Government travel advisory notice advising against
all travel to that country. If you are an Australian resident or New
Zealand citizen, you will be covered overseas (subject to the
above) for a period of up to 90 days. If you are in receipt of SCI
benefit payments, these will continue for a maximum period of
12 months from the date on which you were disabled while you
remain overseas.
Submitting a claim
You must submit a SCI claim to the Fund Trustee as soon as
possible after the event that triggers the claim. The Trustee will
deal with the Insurer in relation to processing your claim, and, if
accepted, payment of the proceeds. The Trustee will require you
to provide information in support of your claim; and the Insurer
reserves the right to investigate the claim, including but not
limited to, conducting surveillance and requesting information
and medical examinations. The Insurer will meet the cost of any
surveillance or medical examinations.
How do i apply?
You can apply for Salary Continuance Insurance online, simply by
logging in to your REI Super account at reisuper.com.au and going
to the insurance area. Fast and simple, your online insurance
application should take less than 10 minutes to complete.
You will normally receive an immediate decision on your application.
Where additional information is required by the Insurer, your
application is immediately forwarded to a dedicated underwriter
who will contact you on your preferred number and time.
You may also vary your insurance cover by completing an
Application for Salary Continuance Insurance form, together with
a Personal Statement to be assessed by the Fund Insurer. Please
note, however, that a paper-based application may take longer to
be processed than if you apply online.
You can also apply for additional Death and TPD cover at the same
time also (see page 29).
Annual
Premium for
90-day
waiting Period
Annual
Premium for
60-day
waiting Period
Annual
Premium for
30-day
waiting Period
$200,000 $150,000 28 $145,600 $364 $840 $1,008
$175,000 $131,250 25 $130,000 $325 $750 $900
$150,000 $112,500 21 $109,200 $273 $630 $756
$125,000 $93,750 18 $93,600 $234 $540 $648
$100,000 $75,000 14 $72,800 $182 $420 $504
$80,000 $60,000 11 $57,200 $143 $330 $396
$60,000 $45,000 8 $41,600 $104 $240 $288
$50,000 $37,500 7 $36,400 $91 $210 $252
$40,000 $30,000 5 $26,000 $65 $150 $180

9 How to open an
rei Super account
In three easy steps you can become a member and enjoy
all the benefits of a super fund that is run only to benefit you.
How
Step 1
to open an
account
Step 2
Complete the membership Application form and make sure to sign and date the form.
if you have super in other funds that you wish to transfer to rei Super, complete the Consolidate
your Super (rollover) form along with providing certified identification.
You are still working and have an employer who will be
complete one form for each other super account you wish to transfer.
contributing to your super.
if you have super in more than one fund that you want to transfer, photocopy the form and
Step 3
give your completed form to your employer so that they can complete the employer Confirmation
section and forward your application on to rei Super.
Contact us
1300 13 44 33
between 8.30am and 5.30pm AEST. (Local call cost within Australia, calls from mobile phones may cost more.)
fax: 03 9245 5827
web: reisuper.com.au
mail: GPO Box 4303, Melbourne VIC 3001
REIS 34036