Member Information Booklet - REI Super

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.