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					Perpetual Select Super Plan


Supplementary Product Disclosure Statement
number 1 dated 1 June 2011 for Product Disclosure Statement issue number 4
dated 31 March 2010 issued by Perpetual Superannuation Limited
ABN 84 008 416 831 AFSL 225246 RSE L0003315

About this Supplementary Product Disclosure                         Investment Options profiles
Statement
This Supplementary Product Disclosure Statement number 1             The following new Investment Option is added to the ‘Multi-
(SPDS1) is to be read in conjunction with Product Disclosure         asset class Investment Options’ on pages 15-17 of the PDS.
Statement issue number 4 dated 31 March 2010 (PDS) for
Perpetual Select Super Plan.                                        Multi-asset class Investment Options
From 1 June 2011, the Product Disclosure Statement for               Diversified
Perpetual Select Super Plan comprises:
                                                                     Management costs (% pa)1
▪ the PDS                                                            2.03%2
                                                                     Relative volatility
▪ this SPDS1.
                                                                     Moderate
Purpose of this SPDS1                                                Suggested length of investment
The purpose of this SPDS1 is to:                                     Five years or more
                                                                     Objective
▪ add a new multi-asset class ‘Diversified’ Investment Option to
                                                                     Long-term growth through investment in a diversified portfolio of
  those available for members of the Super Plan
                                                                     assets.
▪ modify the strategy for managing currency exposure relating        Investment approach
  to international assets in the ‘Real Estate’ Investment Option,    Invests into a diverse mix of assets (see ‘Investment guidelines’
  which also impacts the multi-asset class Investment Options        below).
  that have exposure to real estate via the underlying Perpetual     Investment guidelines
  Select Real Estate Fund
                                                                     Cash and enhanced cash                                             3-10%
▪ update the contact phone number for the Superannuation             Australian fixed income                                           25-55%
  Complaints Tribunal.                                               Real estate4                                                       0-20%
                                                                     Australian shares                                                 25-55%
Additional information                                               International shares                                               0-25%
Inquiries and complaints                                            You should refer to page 21 of the PDS for details of footnotes.

 The contact phone number for the SCT in the 3rd paragraph            Footnotes to Investment Options profiles
 under ‘Inquiries and complaints’ on page 51 of the PDS is
                                                                     Footnote 4 on page 21 of the PDS, which relates to the
 amended to ‘1300 884 114’.
                                                                     existing Conservative, Balanced and Growth Investment
                                                                     ptions (refer pages 15-16 of the PDS) and the new Diversified
Perpetual Select Super Plan at a glance                              Investment Option detailed in this SPDS1, is deleted and
                                                                     replaced with the following text.
 The ‘Summary information’ for the ‘Investment choice’ row of
 the table on page 3 of the PDS is deleted and replaced with
                                                                    The currency exposure of international real estate assets in the
 the following text.
                                                                    underlying Perpetual Select Real Estate Fund is monitored and
                                                                    hedging strategies may be implemented (using derivatives) with
There are six multi-asset class and seven single-asset class
                                                                    the aim of reducing the impact of adverse currency movements.
Investment Options to choose from


                                                                                                                     Perpetual Select Super Plan 1
                     Single-asset class Investment Options
                     Real Estate

                      The 2nd paragraph under the ‘Investment approach’ for the
                      Real Estate Investment Option on page 19 of the PDS is
                      deleted and replaced with the following text.

                     The currency exposure of international assets is monitored and
                     hedging strategies may be implemented (using derivatives) with
                     the aim of reducing the impact of adverse currency movements.

                     Member application
                      Any applicants wishing to invest in the new ‘Diversified’
                      Investment Option should insert the following details by hand
                      in section ‘9. Investment details’ on page 7 of the ‘Member
                      application’ form on page 63 of the PDS when allocating
                      their initial contributions, savings plan (if applicable) and
                      investment strategy.


                     Investment Option name:     Diversified

                     Short code:                 SSDVST
161.1_DBSSSP1_0511




                                                                                      Perpetual Select Super Plan 2
Perpetual Select Super Plan




                              Product Disclosure Statement
                              Issue number 4 dated 31 March 2010
                              Perpetual Superannuation Limited
                              ABN 84 008 416 831
                              AFSL 225246
                              RSE L0003315
Important notes                                                    This PDS describes the important features of the Super Plan.
                                                                   You should read it carefully before you decide to invest as it
In this Product Disclosure Statement (PDS), the ‘Fund’ means
                                                                   will help you to decide whether the Super Plan is appropriate
Perpetual’s Select Superannuation Fund (ABN 51 068 260 563,
                                                                   for you. It contains general information only and doesn’t take
RSE R1057034), which includes Perpetual Select Super Plan
                                                                   into account your specific investment goals. This PDS may also
(Super Plan) and Perpetual Select Pension Plan (Pension Plan).
                                                                   help when comparing the Super Plan to others you may be
References in this PDS to ‘we’, ‘us’, ‘our’, ‘the Trustee’ and     considering.
‘Perpetual Superannuation’ are to Perpetual Superannuation
                                                                   We recommend that you seek financial advice before making an
Limited as the trustee of the Fund and the issuer of interests
                                                                   investment decision. You should consider the tax implications
in the Fund and this PDS. Perpetual Superannuation holds a
                                                                   of investing in the Super Plan, which your financial and/or tax
Registrable Superannuation Entity (RSE) licence issued by the
                                                                   adviser will be able to help you with. If you don’t have a financial
Australian Prudential Regulation Authority (APRA) to act as
                                                                   adviser, you can contact us and we can put you in touch with
trustee of the Fund.
                                                                   someone who can help.
References in this PDS to ‘Perpetual Investments’ are to
                                                                   We may update this PDS (including the terms and features of the
Perpetual Investment Management Limited (ABN 18 000 866
                                                                   Super Plan where we can according to the Fund’s Trust Deed
535, AFSL 234426) as:
                                                                   and the law) with changes that are not materially adverse without
▪ the Fund’s appointed administrator                               issuing a supplementary PDS. The PDS and updated information
                                                                   will be available at our website and you can also obtain a paper
▪ the responsible entity of the underlying registered managed      copy free of charge, on request. If we become aware of any
  investment schemes (underlying funds) into which the             change that is materially adverse, we’ll replace this PDS or issue
  Investment Options invest                                        a supplementary PDS. If there is an increase in fees or charges
                                                                   (other than government fees or charges), we’ll give you at least
▪ the investment manager responsible for the selection of
                                                                   30-days’ prior written notice.
  the specialist underlying investment managers (Perpetual
  Investments may also be a specialist underlying investment       You should keep a copy of the current PDS and any
  manager).                                                        supplementary PDS for future reference. You can access further
                                                                   information that has been made publicly available by contacting
References to ‘Perpetual’ are to Perpetual Superannuation
                                                                   us. We’ll tell you if there is a charge for this information.
Limited or Perpetual Investment Management Limited, as
applicable in the context of their respective roles.               Visit our website or contact us for the most up-to-date past
                                                                   investment returns for the Investment Options available within
Perpetual Superannuation Limited and Perpetual Investment
                                                                   the Super Plan. Past investment returns are not indicative of
Management Limited are wholly owned subsidiaries of Perpetual
                                                                   future returns, so you shouldn’t base your decision to become a
Limited (ABN 86 000 431 827).
                                                                   member of the Fund or invest in any of the Investment Options
‘Perpetual Group’ means Perpetual Limited and its subsidiaries.    on past investment returns.

References to ‘you’ or ‘your’ are to members (including            Neither we nor any company in the Perpetual Group guarantee
prospective members) of the Fund.                                  that you will earn any return on your investment or that your
                                                                   investment will gain in value or retain its value. Investment in
‘Investment Options’ are the underlying investments available to   the Super Plan is subject to investment risk, including possible
members of the Super Plan.                                         delays in repayment and loss of income and capital invested.

References to ‘the law’ are to the Superannuation Industry         This PDS can only be used by investors receiving it (electronically
(Supervision) Act 1993 (SIS), the Corporations Act 2001,           or otherwise) in Australia.
regulations made under these acts, general trust law and any
other applicable laws.                                             All amounts in this PDS are in Australian dollars and all times
                                                                   quoted are Sydney time (unless otherwise specified). A business
                                                                   day is a working day for Perpetual in Sydney.
Contents
Important notes                             inside front cover
                                                                 Contents
                                                                 Tax
                                                                 Super Plan
                                                                                                                             47
                                                                                                                             47
Welcome to Perpetual Select                                 2
                                                                 Members                                                     47
Building and protecting your wealth                         2
                                                                 Goods and services tax (GST)                                49
Why should I invest in the Super Plan?                      2
                                                                 Additional information                                      50
Perpetual Select Super Plan at a glance                     3
                                                                 Your cooling-off rights                                     50

The Fund and its investment approach                        4    How units are priced and investments are valued             50

The structure of the Fund                                   4    Reporting                                                   50

A multi-manager investment approach                         4    Inquiries and complaints                                    51

The specialist investment managers                          5    Your privacy                                                51

The multi-manager investment process                        5    Anti-Money Laundering/Counter-Terrorism Financing laws      51
                                                                 Eligible rollover fund                                      51
Asset classes available                                     6    Unclaimed super                                             52
                                                                 Family law                                                  52
Understanding investment risk                               8
                                                                 Bankruptcy                                                  52
The risks of investing                                      8
                                                                 Death benefits                                              52
Managing the risks                                          9
                                                                 Investments and social security                             53
Superannuation and the Super Plan                          11    Relationship between the Trustee and underlying
Investing in superannuation                                11    Investment Options                                          53
Superannuation choice of fund                              13    Trust Deed                                                  53
Accessing your superannuation benefit                      13    Our liability                                               53
                                                                 Your rights as a member                                     53
Investment Options profiles                                14
                                                                 Members’ liability                                          53
Multi-asset class Investment Options                       15
                                                                 Suspension of applications, switches and withdrawals        54
Single-asset class Investment Options                      18
                                                                 Delays in calculating and publishing unit prices            54

Fees and other costs                                       22    Policy Committee                                            54

Fees and other costs                                       22    Other conditions                                            54

Additional explanation of fees and costs                   23    Incorporation by reference                                  54

Example of annual fees and costs for the
                                                                 Applying for an investment                                  55
Balanced Investment Option                                 27
                                                                 Forms
Operating your Super Plan account                          28
                                                                 Member application                                          57
Membership categories                                      29
                                                                 Participating employer application                          71
Investments                                                29
                                                                 New employee details                                        75
Switches                                                   31
                                                                 Contribution advice                                         77
Withdrawals                                                31
                                                                 Insurance application – standard                            79
Authorised representative                                  32
                                                                 Nomination of beneficiary                                   87
Online Account Access                                      32
                                                                 Fund choice nomination                                      89
Interest earned on application and withdrawal accounts     32
                                                                 Complying fund statement                                    91
Insurance cover                                            33    Transfer authority                                          93
Insurance summary                                          34    Compliance letter                                           95
Additional insurance information                           38
                                                                 Contact details                               inside back cover
Insurance premiums                                         43
Welcome to Perpetual Select

Building and protecting your wealth

    Perpetual Select offers you a comprehensive suite of products designed to help you achieve your financial goals now and in
    the future.

    Perpetual Select’s flexible options allow you to adapt your approach to suit your stage of life – from building and protecting
    your wealth to generating a tax-efficient income stream in retirement.

    Our multi-manager approach takes care of the important investment decisions for you so you can focus on what really
    matters – building and protecting your wealth.


                                                              You and your financial adviser
                                                                               ê
                                                              Perpetual Select product suite
                 ê                                                             ê                                                             ê
      INVESTMENT FUNDS1                                                 SUPER PLAN                                                   PENSION PLAN
              |                                                              |                                                             |
       wealth accumulation                              wealth accumulation and protection                                     income in retirement
                  |                                                             |                                                             |
    ▪ savings                              ▪ rollovers                                                                       ▪ regular pension income
    ▪ investments                          ▪ personal, employer and spouse contributions
                                           ▪ Government co-contributions
                                           ▪ death, disability and salary continuance insurance cover

                 ê                                                             ê                                                             ê
                                                                    Your financial future

Why should I invest in the Super Plan?                                              We can save you time
                                                                                    The Super Plan lets you keep track of your investments by
The Super Plan offers a range of multi-manager investment
                                                                                    providing a consolidated report and online access. Here you
options, providing you with a practical solution to managing and
                                                                                    can quickly and easily check your current account balance and
diversifying your investment portfolio.
                                                                                    transaction history as well as access performance summaries
We offer choice and convenience                                                     and unit prices. See ‘Operating your Super Plan account’ on
The Super Plan provides a choice of investment options across                       page 28 for further information.
different asset classes, geographical regions and markets. We
                                                                                    We are an organisation you can trust
also offer diversification across a range of specialist investment
                                                                                    Perpetual Superannuation Limited and Perpetual Investment
managers. To make investing as easy as possible, all of this
                                                                                    Management Limited are both part of the Perpetual Group, which
choice is provided through one convenient investment in the
                                                                                    has been in operation for more than 120 years.
Super Plan.

The Super Plan also offers value for money and peace of mind                        Perpetual Superannuation Limited, the trustee of the Fund, is the
with its flexible insurance cover.                                                  RSE licensee for most of the Perpetual Group’s superannuation
                                                                                    entities.
We do the work
Our experienced investment team regularly reviews where and                         Perpetual Investment Management Limited is one of Australia’s
how we invest your money. The team applies a robust investment                      leading investment managers, with $29.3 billion in funds under
process that is based on the objectives of the investment                           management (as at 31 December 2009).
option(s) you choose (see ‘Investment Options profiles’ on
page 14 for details).

1 Perpetual Select Investment Funds are registered managed investment schemes where Perpetual Investments is the responsible entity. Please refer to the
  separate product disclosure statement issued by Perpetual Investments, which is available at our website, for further information about Perpetual Select
  Investment Funds.

2
Perpetual Select Super Plan
at a glance
 Membership categories                      Summary information                                                                              Further information
 The Super Plan caters for                  You can apply for individual membership of the Super Plan or join through a                           page 29
 both individual and employer-              participating employer plan established by your employer
 sponsored members
 Current minimum amounts                    Summary information                                                                              Further information
 Initial investment in Super Plan/          No minimum                                                                                            page 29
 per Investment Option
 Additional investment in Super             No minimum                                                                                            page 30
 Plan/per Investment Option
 Savings plan contributions                 No minimum                                                                                            page 30
 Investment Option switch                   No minimum                                                                                            page 31
 Withdrawal   1
                                            No minimum                                                                                            page 31
 Super Plan account balance/                No minimum                                                                                            page 31
 Investment Option balance
 Current maximum amounts                    Summary information                                                                              Further information
 Contributions                              No more than 50% of any contribution can be allocated to the Geared                                   page 10
                                            Australian Share Investment Option (no maximum limit applies for other
                                            Investment Options)
 Investment Option balance                  If you invest in the Geared Australian Share Investment Option, we’ll                                 page 10
                                            automatically rebalance your investment portfolio to your investment strategy
 Features                                   Summary information                                                                              Further information
 Investment choice                          There are five multi-asset class and seven single-asset class Investment                              page 14
                                            Options to choose from
 Investment management                      The assets of the Investment Options are managed by a range of specialist                              page 4
                                            investment managers
 Direct debit                               For authorising us to debit your nominated account directly to make your                              page 30
                                            initial and/or additional contributions
 BPAY®                                      For making additional contributions electronically                                                    page 30
 Savings plan                               For making regular contributions by direct debit                                                      page 30
 Switching                                  For restructuring your investment portfolio                                                           page 31
 Auto-rebalancing                           For maintaining your investment strategy                                                              page 31
 Insurance                                  Automatic death and total and permanent disablement (TPD) cover for                                   page 33
                                            employer ‘default fund’ members
                                            All eligible members can apply for death only, TPD only, death and TPD
                                            and/or salary continuance cover
 Online Account Access                      For switching online and easy online access to information about your                                 page 32
                                            investments
 Reporting                                  Summary information                                                                              Further information
 Initial investment statement               For your initial investment                                                                           page 50
 Additional investment statement            For each additional investment (except savings plan contributions)                                    page 50
 Investment restructure statement           For every Investment Option switch                                                                    page 50
 Partial withdrawal statement               For every partial withdrawal                                                                          page 50
 Withdrawal (exit) statement                When you make a full withdrawal from the Fund (exception applies)                                     page 50
 Annual statement                           Yearly as at 30 June                                                                                  page 50
 Annual report                              Provided online (copy by mail available on request)                                                   page 50
 Section 290-170 notice    2
                                            Yearly as at 30 June                                                                                  page 50
® Registered to BPAY Pty Ltd ABN 69 079 137 518.
1 See ‘Accessing your superannuation benefit’ on page 13 and ‘Withdrawals’ on page 31 for more information on withdrawals.
2 Notice in Australian Taxation Office approved format for declaring personal contributions for which you intend to claim a tax deduction.


                                                                                                                                       Perpetual Select Super Plan 3
The Fund and its investment
approach
The structure of the Fund
Perpetual’s Select Superannuation Fund comprises Perpetual
Select Super Plan and Perpetual Select Pension Plan, which
together aim to provide a complete, life-long solution to your
superannuation accumulation and retirement income needs, as
shown in the following diagram.




                                                             You
                                                                                         While you are working
                             In retirement
                                                                                          personal contributions
                         pension income
                                                                                             employer contributions
                               stream
                                                                                               spouse contributions
                                                                                                 Government co-contributions
                                                                                                   rollover money



                                                    Fund structure

                                Pension                                                     Super
                                 Plan                                                        Plan
                           Untaxed investment                                         Concessionally taxed
                                earnings
                                                     On retirement                    investment earnings
                                                        Transfer benefits to
                                                         the Pension Plan




A multi-manager investment approach                                            Each specialist investment manager is subject to a rigorous
                                                                               selection process and regular monitoring. The selection and
The Fund adopts a multi-manager approach to investing, where
                                                                               monitoring process is conducted by Perpetual’s experienced
Perpetual chooses specialist investment managers for the
                                                                               investment team. External consultants contribute to certain
various asset classes to manage the underlying assets of the
                                                                               aspects of the specialist investment manager screening or
Investment Options. This multi-manager approach reduces the
                                                                               portfolio construction but any decisions about the appointment of
risk associated with using a single specialist investment manager,
                                                                               specialist investment managers rests with Perpetual.
as an individual specialist investment manager’s performance
can change over time or with different market conditions.

Perpetual chooses specialist investment managers to combine
their different styles, philosophies, approaches and techniques in
selecting their portfolios, with the aim of enhancing diversification
within each asset class and producing more consistent returns.




4
The specialist investment managers
The specialist investment managers are regularly reviewed and
may be appointed or removed at any time without notifying
you. As a result, the specialist investment managers may vary
throughout the life of your investment. Details about the current
specialist investment managers at any time are available at our
website (see ‘Incorporation by reference’ on page 54 for details)
or can be obtained free of charge by phoning us.


The multi-manager investment process
There are six main steps in the multi-manager investment
process.


 STEP 1                                          STEP 2                                        STEP 3

 Set the investment objectives                   Formulate the investment                      Choose the specialist investment
                                                 approach                                      managers
 Establish the investment objective for
 each Investment Option.                         Establish the investment approach in          Identify specialist investment managers
                                                line with a long-term strategic view on      within each asset class that meet our
                                                 the appropriate asset allocation. We          selection criteria.
                                                 aim to optimise the risk-and-return
                                                 position of each Investment Option
                                                 given its investment objective, which
                                                 determines the investment guidelines.

                                                                                                                  ê
 STEP 6                                          STEP 5                                        STEP 4

 Implement change                                Monitor the Investment Options                Blend the managers’ investment
                                                                                               styles
 If the need for change is identified            Regularly review the investment
                                            ç                                            ç
 from our monitoring, the changes are            approach of the Investment Options,           Design a combination of investment
 implemented according to steps 1-4.             including specialist investment manager       managers with complementary
                                                 selection and allocations to each asset       investment styles.
                                                 class.




                                                                                                               Perpetual Select Super Plan 5
Asset classes available

The main asset classes in which you can invest via the Super Plan are summarised in the following table.

The main asset classes

    Asset class                    Risk/potential return1           Description of investment

    Defensive assets

    Cash                           Low                              Cash investments include discount securities (eg bank bills), short-term deposits
                                                                    and money market funds which may invest in fixed income instruments and loans.
                                                                    Cash provides a relatively consistent rate of return in the form of regular interest
                                                                    payments, generally in line with short-term interest rates and is widely considered
                                                                    the lowest investment risk.

    Enhanced cash                  Low                              Enhanced cash investments include cash investments, fixed income instruments,
                                                                    hybrids, loans and other income generating securities. The maturity dates of
                                                                    investments are typically longer than cash and they may have a lower credit rating
                                                                    than those in a money market fund, however, they are usually managed to short
                                                                    interest rate exposures.

    Mortgages                      Low to moderate                  A mortgage investment involves lending money to a borrower to buy property. The
                                                                    borrower must offer adequate collateral to secure the loan. The interest payments
                                                                    on the loan represent the return on the mortgage investment.

    Fixed income                   Low to moderate                  Fixed income instruments involve investing in securities issued by an issuer for a
                                                                    pre-determined period. The issuers may include governments, banks, corporations
                                                                    and asset backed trusts. The instruments when issued usually provide a return
                                                                    in the form of defined periodic income payments and the return of principal at
                                                                    maturity. These income payments are either fixed when issued or set periodically
                                                                    against a benchmark.

    Growth assets

    Real estate                    Moderate to high                 A real estate (property) investment involves buying shares that represent a
                                                                    portion of ownership in a property related company, buying units in an unlisted
                                                                    property trust or buying property directly. Property investments can be in a range
                                                                    of sectors including commercial, industrial, residential and retail. Returns are
                                                                    usually generated from rental income and changes in the value of the underlying
                                                                    properties.

    Shares                         High                             Shares represent a portion of ownership in a company. Shareholders can benefit
                                                                    if a company passes on some of its profits to them through dividends and/or from
                                                                    capital growth if the share price rises.

1 See ‘Understanding investment risk’ on page 8 for an explanation of the risks of investing.




6
The main asset classes (continued)

 Asset class                       Risk/potential return1           Description of investment

 Alternative assets

 Defensive alternatives            Moderate                         Specialist credit is an alternative strategy that has similar characteristics to fixed
                                                                    income. However, it may involve investing in sectors that have higher credit risk
                                                                    and forego some liquidity to target a higher return profile, such as high yield and
                                                                    convertible bonds.

                                                                    Hedge funds – see ‘Defensive/growth alternatives’ below.

 Defensive/growth                  Moderate to high                 Hedge funds can display characteristics of either defensive or growth alternatives,
 alternatives                                                       depending on the actual underlying assets and investment techniques used by
                                                                    the investment managers. Furthermore, a portfolio of multiple hedge funds can be
                                                                    configured to display either defensive or growth characteristics.
                                                                    Hedge funds are actively managed investments that aim to produce returns in
                                                                    both rising and falling markets by using a broad range of securities and investment
                                                                    techniques. These techniques may be different to methods used by traditional fund
                                                                    managers and may include:
                                                                    ▪ the use of derivatives (see ‘Derivatives risk’ on page 8 for further information)
                                                                    ▪ hedging – where the manager uses two or more securities that are likely to move
                                                                      in opposition to each other, thereby attempting to mitigate risk
                                                                    ▪ short selling (see ‘Short-position risk’ on page 9)
                                                                    ▪ investments in exotic and/or low-liquid securities (see ‘Liquidity risk’ on page 8)
                                                                    ▪ leverage – where the fund manager borrows or gears the fund’s assets
                                                                      (see ‘Gearing risk’ on page 9).
                                                                    This means that hedge funds won’t necessarily follow the movements in the indices
                                                                    for traditional assets, making them effective for diversification and for reducing
                                                                    portfolio risk when used in conjunction with traditional assets. Investors can receive
                                                                    returns in the form of income and/or capital appreciation.

 Growth alternatives               High                             Hedge funds – see ‘Defensive/growth alternatives’ above.

                                                                    Infrastructure involves investing by purchasing listed or unlisted equity or debt
                                                                    securities in companies and/or large projects that provide facilities and services
                                                                    needed by the community (eg transport, power, roads, telecommunications or
                                                                    water supply), or in other capital intensive assets (eg timberland and regional
                                                                    infrastructure). The return on an infrastructure equity investment generally includes
                                                                    capital growth (or loss) and income. Alternatively, infrastructure debt securities pay
                                                                    regular interest similar to that of other fixed income investments.

                                                                    Private equity comprises investments in unlisted companies that offer the
                                                                    prospect for a major escalation in economic value through a range of strategies
                                                                    including product development, market expansion, mergers and acquisitions,
                                                                    corporate and balance sheet restructuring. They are generally long-term
                                                                    investments that aren’t liquid, and usually generate their returns through an initial
                                                                    public offering, a sale or merger, or a recapitalisation.

                                                                    Private real estate is the real estate equivalent of unlisted private equity. It seeks
                                                                    high returns by investing in property projects with a large potential escalation in
                                                                    economic value, mainly via major redevelopment or repositioning of the asset.

1 See ‘Understanding investment risk’ on page 8 for an explanation of the risks of investing.




                                                                                                                                 Perpetual Select Super Plan 7
Understanding investment risk

The risks of investing                                                          Volatility is an important measure of overall investment risk. It
                                                                                generally refers to the fluctuation in the value of an asset, index
All investments are subject to risk which means the value of your
                                                                                or other type of security over a given period. The greater the
investment may rise or fall and/or you may not be able to redeem
                                                                                volatility of an asset, index or security, the larger the fluctuations
your investment quickly.
                                                                                between its high and low values and the greater the fluctuations
Before making an investment decision, it’s important to                         in its returns.
understand the risks that can affect the value of your investment.
                                                                                Your financial adviser can assist you in determining which
While it’s not possible to identify every risk relevant to investing
                                                                                Investment Options are suited to your financial needs.
in the Super Plan, we have detailed below significant risks that
may affect your investment. An investment within an Investment
Option may not necessarily be exposed to each of the risks.

    Type of risk          Description of risk
    Investment risk       The value of your investment may fall for a number of reasons, including the risks set out below, which means that you
                          may receive back less than your original investment when you withdraw.
    Market risk           Certain events may have a negative effect on the price of all types of investments within a particular market. These
                          events may include changes in economic, social, technological, political, legal, tax or accounting conditions, as well as
                          market sentiment.
    Asset risk            A particular asset that a fund invests in may fall in value, which can result in a reduction in the value of your investment.
    Currency risk         For investments in international assets, which have currency exposure, there is potential for adverse movements
                          in exchange rates to reduce their Australian dollar value. For example, if the Australian dollar rises, the value of
                          international investments expressed in Australian dollars can fall.
    Interest rate risk    Changes in interest rates may have a negative impact, either directly or indirectly, on investment returns.
    Credit risk           The issuer or party to a transaction may not repay the principal, make interest payments or fulfil other financial
                          obligations in full and/or on time.
                          The market value of an investment can also fall significantly when the perceived risk of a note or bond increases or its
                          credit rating declines.
    Liquidity risk        The absence of an established market or shortage of buyers for an investment can result in a loss if the holder of the
                          investment needs to sell it within a particular timeframe. A shortage of liquidity can also result in delays in the payment
                          of withdrawals from a fund – see ‘Liquidity risk’ on page 9 for further information.
    Derivatives risk      Losses can occur if there is an adverse movement in the asset underlying the derivative or where a derivative is costly
                          to reverse – see ‘Use of derivatives’ on page 9 for further information about how derivatives may be used by the
                          specialist investment managers.
    Counter-party risk    A loss may occur if the other party to a contract, including derivatives contracts or lending arrangements (cash or
                          stocks), defaults on their obligations under the contract.
    Foreign law and       Investing in foreign markets with different legal and regulatory systems means that foreign investments are exposed to
    regulatory risk       more risk than Australian assets because of potential changes in legal and regulatory policies.
    Portfolio             Investing in a fund with a smaller number of investments may lead to more volatile returns than investing in a fund with a
    concentration risk    more diversified portfolio.
    Investment strategy   A fund’s investment strategy may involve specific risks. These include gearing risk and short-position risk – see page 9
    risks                 for details.
    Other risks           The following risks are inherent within any of the Investment Options:
                          ▪ the investment professionals employed by the appointed specialist investment managers or Perpetual Investments
                            may change, which may affect the future performance of an Investment Option
                          ▪ transactions may be suspended, which may result in delays in paying withdrawal requests (see ‘Suspension of
                            applications, switches and withdrawals’ on page 54 for further information)
                          ▪ an Investment Option may be terminated.
                          Investing in a superannuation fund that holds units in managed investment schemes may provide you with a different
                          tax outcome than investing in a superannuation fund which uses a different investment vehicle or holds investments
                          directly. This is because of the application of specific tax laws to the managed investment schemes and the impact of
                          investments into, and withdrawals from, the managed investment schemes by other investors.



8
Liquidity risk                                                          or changes to the amount borrowed. In certain circumstances,
In the absence of an established market or shortage of buyers           it may be necessary to suspend withdrawals to manage the
for certain investments, such as unlisted property funds,               fund’s gearing position within its approved limits and protect the
mortgages, some alternative assets and fixed income, an                 interests of all investors in the fund.
Investment Option may not be liquid from time to time. This
                                                                        The lender may have the right to reduce the gearing level set
means there is a risk you will have difficulty withdrawing your
                                                                        for the geared fund or terminate the lending facility. This means
investment. While we generally strive to make proceeds from your
                                                                        that a geared fund may need to promptly reduce the gearing
withdrawal request available within 10 business days from when
                                                                        level by selling assets, which may force the sale of assets at
we have accepted the request, in certain circumstances we may
                                                                        unfavourable prices. To control this risk, the investment manager
not be able to meet your withdrawal request when received
                                                                        may establish alternate sources of funding to limit the exposure to
(see ‘Suspension of applications, switches and withdrawals’ on
                                                                        any one lender.
page 54 for further details).
                                                                        Short-position risk
Gearing risk
                                                                        Short-position risk is a factor in the multi-asset class Investment
The Fund can’t use gearing as an investment strategy, but
                                                                        Options that have exposure to alternative assets.
some of the underlying funds that the Investment Options
invest in may gear.                                                     Where permitted, a short position can be created when a fund
                                                                        sells a borrowed security before buying it back from the open
With gearing, money is borrowed to increase the amount that can         market to return to the securities lender. If the security falls in
be invested. While this can result in larger investment gains in a      value, the fund makes a profit because it buys it back for less
rising market, it can also magnify losses in a falling market.          than it was sold. However, if the security rises in value, the fund
                                                                        will incur a loss when buying it back for more than it was sold.
Gearing increases the volatility of a fund’s investment
returns. Consequently, a geared fund is considered to                   Establishing a short position in a security involves a higher level of
have a higher investment risk than a comparable fund that               risk than investing in a security. This is because when you invest
is ungeared.                                                            in a security, the maximum loss is generally limited to the amount
                                                                        invested. With short positions there is no limit on the maximum
The returns of a geared fund depend on the types of investments
                                                                        loss because there is no upper limit on the security’s price. In
in it as well as the level of gearing and the costs of borrowing,       other words, the loss will continue to increase as the security’s
including interest rates. The cost of borrowing will reduce the         price rises.
returns of a geared fund.
                                                                        A further risk is that the securities lender may recall a borrowed
The greater the level of gearing in a geared fund, the greater the      security, so the fund will have to find another securities lender
potential for loss of capital. As the following example shows, a        willing to lend the security, or may have to buy the security
10 per cent fall in the market value of assets in an ungeared fund      quickly at an unfavourable price.
could translate into a 20 per cent fall in the value of the same
portfolio in a geared fund with a gearing level of 50 per cent
(excluding any borrowing costs).
                                                                        Managing the risks
                                                                        Use of derivatives
Example                                                                 A derivative is a financial instrument that derives its value from the
                                                                        price of a physical security or market index. Derivatives may be
 Your investment amount                     $1,000         $1,000       used by the specialist investment managers in the management
                                                                        of their funds to:
 Fund gearing level                              nil          50%
                                                                        ▪ protect against changes in the market value of existing
 Amount borrowed by fund                        n/a        $1,000
                                                                          investments in a managed fund
 Amount invested in the market              $1,000         $2,000       ▪ achieve a desired investment position without buying or selling
 If the value of the fund’s assets falls by 10%:                          the underlying physical asset

 Fall in value of fund’s assets               $100           $200       ▪ manage actual and anticipated interest rate and credit risk for
                                                                          mortgages, cash and fixed income asset classes and/or
 Value of fund’s assets after fall            $900         $1,800
                                                                        ▪ protect against adverse currency movements.
 Outstanding loan                               n/a        $1,000
                                                                        Derivatives may also be used for broader purposes to increase
 Value of your investment                     $900           $800       returns.
 Loss of investment capital                   $100           $200
                                                                        How we manage risk
 Effective rate of loss                        10%            20%       We can’t eliminate investment risks, however the Trustee
                                                                        has considered the processes put in place and is satisfied
Consequently, the greater the level of gearing in a geared fund,
                                                                        that Perpetual Investments (as the responsible entity of the
the less the fall in asset value needs to be for a total loss of your
                                                                        underlying funds) and the specialist investment managers
investment capital.
                                                                        (including Perpetual Investments) manage the impact of these
The gearing level for a geared fund may change regularly due to         risks by following consistent and carefully considered investment
factors such as market movements, applications, withdrawals             guidelines.



                                                                                                                  Perpetual Select Super Plan 9
Importantly, we aim to reduce the risk of investment returns by          entity believes that the expected income of the underlying fund
diversifying the investments of the Investment Options. We do            will not be adequate to meet the interest costs of borrowing, it will
this by:                                                                 decrease the gearing level, for example, by selling the underlying
                                                                         fund’s assets and repaying part of the borrowing.
 Diversifying        How/why
 across                                                                  Note that the gearing level in an underlying fund may also be
                                                                         reduced to comply with any limits imposed by lenders (see
 Several             Investment managers have different
                                                                         ‘Gearing risk’ on page 9).
 specialist          investment styles which may lead to variations
 investment          in returns in various market conditions.
 managers            Diversifying across investment managers can         Limits for the Geared Australian Share Investment Option
                     reduce the reliance on one style.                   Due to the combination of higher risk and lower asset diversity,
                                                                         the Geared Australian Share Investment Option has the following
 Markets and         Spreading the investments of various asset
                                                                         contribution and investment limits.
 regions             classes across companies, countries,
                     industries and currencies can minimise the
                     impact of a regional crash, or a downturn in a      Maximum allocation
                     particular industry.                                No more than 50 per cent of any investment into the Super
                                                                         Plan can be allocated to the Geared Australian Share
 Different asset     Each asset class has its own volatility
                                                                         Investment Option.
 classes             and return characteristics. For the multi-
                     asset class Investment Options we add an
                     additional diversification layer by spreading       Investment limit
                     their investments across the different major        If you invest (including switches) in the Geared Australian Share
                     traditional asset classes like Australian           Investment Option, we’ll regularly review your ongoing exposure
                     and international shares, real estate, fixed        to this Investment Option, as follows:
                     income, cash and enhanced cash, as well as
                     alternative assets, to assist in minimising the     ▪ at the frequency you have nominated if you have chosen auto-
                     performance risk presented by cycles in asset         rebalancing (see ‘Auto-rebalancing’ on page 31 for details) or
                     class returns.
                                                                         ▪ yearly on the 15th of August (or next business day if this date is
Gearing policy                                                             not a business day) if you haven’t chosen auto-rebalancing.

All Investment Options                                                   If the value of your investment in the Geared Australian Share
All of the underlying funds may borrow from time to time to buy          Investment Option has risen above or fallen below the amount
new assets or meet commitments rather than having to hold                you have nominated (restricted to a maximum of 50 per cent) of
significant amounts of cash.                                             your total account balance in the Super Plan at the review date,
                                                                         we’ll automatically rebalance your investment portfolio to your
Except for the geared Investment Options (see below), gearing,           investment strategy (see ‘Investment strategy’ on page 29 for
if required, would generally be moderate (less than 10 per cent).        further information).
However, investments within the underlying funds in unlisted
property trusts and alternative assets where strategic gearing           The buy/sell spread (see ‘Buy/sell spread’ on page 25 for further
typically occurs can result in significantly higher gearing levels for   information) will apply to these auto-rebalancing transactions.
that portion of the underlying funds’ investments.
                                                                         How you can manage your investment risk
Geared Investment Options                                                The most significant risk in investing is that you don’t reach
The Geared High Growth and Geared Australian Share                       your financial goals. It’s important to consider your investment
                                                                         timeframe, your investment goals and your risk tolerance and
Investment Options invest in Perpetual Select Geared High
                                                                         we recommend you consult a financial adviser to assist you in
Growth Fund and Perpetual Select Geared Australian Share
                                                                         determining these. This will help with your choice of investment
Fund respectively. Each of these underlying funds is a registered
                                                                         and the level of diversification you need.
managed investment scheme where Perpetual Investments is
the responsible entity. The underlying funds borrow to gear their
                                                                         Diversification
investment exposure. The borrowings of the underlying funds
                                                                         Diversifying your investments can help reduce the volatility of
are secured against their assets. The income of the underlying
                                                                         investment returns.
funds, which includes dividends and interest from the underlying
investments, is used to service their interest cost of borrowings        You can achieve diversification across different asset classes
and the gearing levels are managed accordingly.                          easily in the Super Plan by choosing a pre-mixed multi-asset
                                                                         class Investment Option or mixing your own investment portfolio
The responsible entity’s aim is to ensure that the interest costs        by combining single-asset class Investment Options (or a
of borrowings are adequately covered by the underlying funds’            combination of these approaches).
income. The gearing level in the underlying funds will therefore
depend on the present levels and future expectations of their            Flexibility to change
income (excluding franking credits) and the expected interest            After you have made your investment selection you still have
cost on borrowings. For example, if an underlying fund’s income          the flexibility to change your mind. It’s easy to restructure your
is approximately three per cent per annum and the interest rate          investment at any time, giving you the ability to concentrate or
on its borrowings is approximately six per cent per annum, the           diversify your portfolio as you require (see ‘Switches’ on page 31
underlying fund could gear up to 50 per cent. If the responsible         for more details).


10
Superannuation and the
Super Plan
Save for your retirement by taking advantage of the                                   ▪ you can invest ‘before-tax’ income through salary sacrifice
benefits offered by superannuation by investing through
the Super Plan.                                                                       ▪ the earnings on your investment are concessionally-taxed, with
                                                                                        a maximum tax rate of 15 per cent
The Super Plan is a convenient and generally tax-effective way
for you to accumulate wealth for your retirement. The range of                        ▪ your benefits are tax-free if received after you turn 60.
Investment Options (see ‘Investment Options profiles’ on page 14
                                                                                      Please refer to ‘Tax’ on page 47 for further general information.
for details) and flexible features allow you to tailor your investment
to best suit your wealth accumulation goals.                                          Eligibility to invest
                                                                                      Superannuation contributions can be accepted from you or from
Investing in superannuation                                                           your employer or your spouse (legal or de facto) on your behalf if
While superannuation may seem complex, the concept behind                             you meet the requirements shown in the table below.
it is simple – it’s a means of saving now so you can enjoy a
financially comfortable lifestyle when you retire. To encourage
superannuation savings, the Federal Government (Government)
has provided some distinct tax advantages:

Eligibility to contribute to superannuation

                                                                                Concessional contributions                             After-tax contributions
                                                                                  Employer                            Self-           Personal          Spouse
 Your situation
                                                                                                                    employed
                                                                    SG    1
                                                                                    Award          Voluntary
 You are under age 65.     2
                                                                      ✓                ✓                ✓                ✓                 ✓                ✓
 You are aged 65 to 69 (inclusive) and have worked                    ✓                ✓                ✓                ✓                 ✓                ✓
 at least 40 hours in a period of no more than 30
 consecutive days during the financial year.
 You are aged 70 to 74 (inclusive) and have worked                    ✗                ✓                ✓                ✓                 ✓                ✗
 at least 40 hours in a period of no more than 30
 consecutive days during the financial year.
 You are aged 75 or over.                                             ✗                ✓                ✗                 ✗                ✗                ✗
1 SG (Superannuation Guarantee) – Your employer is generally required to pay contributions on your behalf (currently 9% of your salary).
2 If you are less than 18 years old, you must be gainfully employed by a third party and the Super Plan will be receiving compulsory employer contributions to join
  the Super Plan.


Investing in the Super Plan                                                           the relevant requirements. Once your UK pension is transferred
Your investment in the Super Plan can include:                                        to the Super Plan, these funds can only be transferred without
                                                                                      incurring UK tax to another QROPS super fund, unless you have
▪ personal contributions
                                                                                      met a condition of release. Further information can be obtained
▪ salary sacrifice contributions                                                      by referring to the ‘Transferring your UK Pension Scheme to a
▪ employer contributions                                                              Qualifying Recognised Overseas Pension Scheme (QROPS)’
                                                                                      book available at our website or by contacting us.
▪ spouse contributions
▪ Government co-contributions                                                         Contributions from members aged 65 to 74
▪ transfers and rollovers from other superannuation funds,                            For members between ages 65 and 74 (inclusive) who contribute
  approved deposit funds or retirement savings accounts                               personally, or via salary sacrifice, we’ll need regular confirmation
                                                                                      that you comply with the applicable work test rules outlined in the
▪ transfers of overseas superannuation money.
                                                                                      above table.

Qualifying Recognised Overseas Pension Scheme                                         If you make additional contributions, in addition to providing us
The Fund has been registered as a Qualifying Recognised                               with an initial declaration that you are eligible to contribute, we’ll
Overseas Pension Scheme (QROPS500668). This means                                     seek your confirmation at least annually that you continue to
you can transfer your UK pension to the Super Plan generally                          satisfy the relevant work test.
without UK tax of 40 per cent applying, if your transfer meets

                                                                                                                                      Perpetual Select Super Plan 11
Contribution limits                                                                Consolidating your superannuation into the Super Plan
Subject to the above eligibility requirements, there are few                       If you have other superannuation accounts, you may wish
restrictions on the amount of contributions that can be made into                  to consolidate your superannuation into one account within
the Super Plan.                                                                    the Super Plan. This will make it easier to manage your
                                                                                   superannuation and may save you money with ongoing fees
Concessional contributions                                                         and costs. However, you should check if any exit or transfer
Concessional contributions generally include employer                              fees will be charged by your other superannuation provider(s)
contributions (including superannuation guarantee and salary                       before you decide.
sacrifice) and personal contributions for which you claim a
tax deduction.                                                                     Please complete the ‘Transfer authority’ form provided with this
                                                                                   PDS if you wish to consolidate your superannuation into the
The concessional contributions cap is $25,0001 per annum.                          Super Plan. You can send it directly to your other fund(s) or, if you
However, if you are already aged 50 or turn 50 between 1 July                      send it to us, we’ll arrange the transfer on your behalf.
2009 and 30 June 2012, you can instead make concessional
contributions up to $50,000 (non-indexed) for each relevant year                   Super contributions splitting
in this period that you are aged at least 50.                                      You may apply to have up to 85 per cent of any concessional
                                                                                   contributions up to the concessional contributions cap in any
Excess concessional contributions attract additional tax (see                      financial year transferred to a superannuation account in the
page 47 for details) and also count towards your after-tax                         name of your spouse (if applicable).
contributions limit (see below).
                                                                                   After-tax contributions, rollovers and transfers of overseas
1 This amount applies from 1 July 2009 and will be indexed in line with
  Average Weekly Ordinary Time Earnings (AWOTE) once the increase in the           superannuation benefits to an Australian fund can’t be split.
  indexed amount is greater than $5,000.
                                                                                   Super contributions splitting in the Super Plan generally works
After-tax contributions                                                            as follows:
These contributions are also referred to as ‘non-concessional
                                                                                   ▪ a member’s application to transfer the contributions for a
contributions’.
                                                                                     financial year must be made in writing and may only be made
The non-concessional contributions cap is $150,0002 for the                          after the end of that financial year (or during the financial year
2009/2010 and 2010/2011 financial years. However, if you are                         where the member’s entire benefit is being withdrawn from the
under age 65 or turn 65 during the year, you can bring forward                       Super Plan)
two years of after-tax contributions (that is, you could make after-
                                                                                   ▪ a member may only make one application to Perpetual to split
tax contributions totalling $450,000 in a financial year provided
                                                                                     contributions in the Super Plan in each financial year
no such contributions were made in the following two years).
                                                                                   ▪ the member’s application must contain a confirmation from
2 Beyond 2009/2010, this limit will be calculated at six times the concessional
  contributions cap noted above.                                                     their receiving spouse either that:

                                                                                     – they haven’t reached their preservation age or
Excess non-concessional contributions attract additional
tax (see page 47 for details). We are unable to accept single                        – if they are between their preservation age and 65 years, they
non-concessional contributions over the cap, but you are                               haven’t satisfied a relevant condition of release
responsible for monitoring your total non-concessional
contributions against the cap.                                                       (see ‘Accessing your superannuation benefit’ on page 13 for
                                                                                     details about preservation age)
Any spouse contributions are counted towards the receiving
spouse’s after-tax contributions limit.                                            ▪ Perpetual will then transfer the relevant amount from the
                                                                                     member’s account to an account for the spouse, as soon as
Small business owners who qualify for the small business capital                     is practicable (and in any case within 90 days) after receiving a
gains tax (CGT) concessions may be exempt from the after-tax                         valid application from the member.
contribution limit. The proceeds from the disposal of eligible
assets are exempt up to a lifetime limit of $1.1 million for the                   Further information on super contributions splitting, including a
2009/2010 financial year and $1.155 million for the 2010/2011                      form you can use to apply to split your contributions with your
financial year (indexed) if certain conditions are met (speak to                   spouse, is available at our website. Alternatively, you may contact
your financial adviser).                                                           us direct. We recommend you consult your financial and/or tax
                                                                                   adviser if you are considering super contributions splitting.
Settlement proceeds received for an injury resulting in permanent
disablement that meet the qualifying criteria3 are also exempt
from the after-tax contribution limit.

3 Two qualified medical practitioners must certify that as a result of the
  injury the individual is unlikely to ever be able to be gainfully employed in
  a capacity for which they are reasonably qualified, the contribution must
  be made to a superannuation fund within 90 days of the payment being
  received or the structured settlement coming into effect (whichever is later)
  and the individual must ensure that the fund is aware that the contribution is
  being made under this exemption before or when making the contribution.


12
Superannuation choice of fund                                            Conditions of release for superannuation benefits
Many Australians may choose to have their future employer                 Event                                  Preserved          Restricted
superannuation guarantee contributions paid into a fund of their                                                 benefits           non-preserved
choice.                                                                                                                             benefits
                                                                          Reaching age 65                               ✓                   ✓
To see if you are eligible, contact your employer or phone the
                                                                          Retiring having reached your
                                                                                   1
                                                                                                                        ✓                   ✓
Australian Taxation Office (ATO) on 13 28 64.                             preservation age2

Exercising choice of fund                                                 Leaving employment after                      ✓                   ✓
                                                                          age 60
If super choice applies to you, a ‘standard choice form’ (available
from your employer or the ATO) enables you to choose a                    Ceasing employment without                    ✗                   ✓
                                                                          satisfying any of the above
superannuation fund to which your employer is to contribute.
                                                                          conditions3
It’s easy to direct employer contributions and your own personal          Starting a ‘transition to                     ✓4                 ✓4
contributions into the Super Plan.                                        retirement’ pension after
                                                                          reaching your preservation age2
New employer ‘default fund’ members                                       Permanent incapacity3                         ✓                   ✓
If your employer has advised you that the Super Plan is their             Diagnosed with a terminal                     ✓                   ✓
‘default fund’ and you would like your superannuation guarantee           medical condition likely to result
contributions to be paid to this fund, then all you will need to do is    in your death within 12 months3
complete the ‘Member application’ form at the back of this PDS.           Severe financial hardship3                    ✓                   ✓
The Super Plan satisfies the requirements for being an employer’s         Compassionate grounds       3
                                                                                                                        ✓                   ✓
‘default fund’ by automatically providing insurance cover above
                                                                          Death5                                        ✓                   ✓
the minimum level required.
                                                                          Departing Australia                           ✓                   ✓
New individual members                                                    superannuation payment
                                                                          (DASP)3, 6
Please complete the ‘Member application’ form at the back of
this PDS and send it to us (see ‘Applying for an investment’ on           Previously classified as a lost               ✓                   ✓
page 55 for further information). When you receive your welcome           member7 and total benefit in the
                                                                          Fund is less than $200
letter for the Super Plan, simply:
                                                                          Release authority given                       ✓                   ✓
1.   complete the ‘Fund choice nomination’ form at the back of            for payment of excess
     this PDS and                                                         contributions tax8
                                                                         1 Under superannuation law, this means an arrangement under which you
2.   give this form (with the ‘Complying fund statement’ on the            were gainfully employed has ceased and you don’t intend to become
                                                                           gainfully employed for 10 hours or more each week again.
     reverse side of the form) to your employer.
                                                                         2 Preservation age is determined by your date of birth, as shown in the
                                                                           following table.
Existing individual members                                              3 There are additional requirements you’ll need to satisfy before a payment
You can direct your employer to pay contributions for you into the         can be made.
                                                                         4 Your benefit can only be taken as a pension.
Super Plan by simply following the two steps above.
                                                                         5 See ‘Death benefits’ on page 52 for more information.
                                                                         6 Applies to temporary residents (excluding Australian citizens, New Zealand
(Please note that the ‘Fund choice nomination’ form allows you to          citizens or permanent residents) who have left Australia and their visa has
also direct your employer to pay your personal and/or any salary           ceased to be in effect. Temporary residents generally cannot commence
sacrifice contributions into the Super Plan.)                              any form of pension.
                                                                         7 See ‘Lost members’ on page 52 for details.
                                                                         8 See ‘Tax’ on page 47 for more information.
Accessing your superannuation benefit
Superannuation is a long-term investment and the Government              Preservation age
has placed restrictions on when you can access your benefit, as
shown in the table opposite.                                              Date of birth                                  Preservation age
                                                                          Before 1 July 1960                                      55
You can withdraw any ‘unrestricted non-preserved’ benefits at
                                                                          1 July 1960 to 30 June 1961                             56
any time.
                                                                          1 July 1961 to 30 June 1962                             57
There is no compulsory payment of superannuation benefits at              1 July 1962 to 30 June 1963                             58
any time.
                                                                          1 July 1963 to 30 June 1964                             59
                                                                          After 30 June 1964                                      60

                                                                         Part of your superannuation benefit may be paid to your spouse
                                                                         or former spouse as a consequence of the superannuation
                                                                         benefit payment provisions under family law splitting laws (see
                                                                         ‘Family law’ on page 52 for further information).



                                                                                                                       Perpetual Select Super Plan 13
Investment Options profiles
The profiles on pages 15-21 provide a summary of the Investment       Environmental, social and ethical factors and labour
Options offered within the Super Plan. For more details and any       standards
updated information about the Investment Options, visit our           Increasingly members of the investment management industry
website or contact us.                                                (including Perpetual Investments) are developing policies
                                                                      regarding their methods for considering environmental, social
The following information explains certain terms and concepts         (including labour standards) and governance (ESG) factors which
detailed in the Investment Options profiles.                          may influence the purchase, sale or retention of an individual
                                                                      investment.
Management costs
These are an estimate of all significant fees and expenses (except    Perpetual Investments considers these policies when choosing
for any abnormal operating costs) associated with managing and        specialist investment managers only to the extent that they may
administering the Investment Option (see ‘Management costs’ on        have an effect on an investment manager’s style and investment
page 23 for details). Management costs may vary in the future.        performance. Perpetual Investments will neither choose nor
                                                                      exclude a specialist investment manager solely on their ESG
Relative volatility and suggested length of investment                policies/practices but it will contribute to Perpetual Investments’
These are a guide only and not a recommendation. You should           overall assessment of a manager’s style and capability.
discuss your investment with your financial adviser to ensure that
it meets your needs.                                                  Where Perpetual Investments is the investment manager, they
                                                                      don’t attempt to apply ethical standards, and they will only take
Objective                                                             ESG factors into account to the extent that they believe they
The objective is a summary of what the Investment Option aims         may impact the current and potential future quality or value of an
to achieve.                                                           individual investment (either positively or negatively).

Investment approach                                                   Additional information
This is the method or principles our investment team uses to          The following additional information, which forms part of the
manage the Investment Option to meet its objectives. This may         PDS, is available at our website (see ‘Incorporation by reference’
include using derivatives and taking short positions (see ‘Use        on page 54 for details) or can be obtained free of charge by
of derivatives’ on page 9 and ‘Short-position risk’ on page 9 for     contacting us:
more information).
                                                                      ▪ the buy/sell spread for each Investment Option (see
Investment guidelines                                                   ‘Transaction costs’ on page 25 for further information).
These are the percentages of each asset class that may be
held by the Investment Option. The ‘benchmark’ shown in the
investment guidelines is the strategic asset allocation of the
Investment Option. These are only a guide as the actual asset
and specialist investment manager allocations may change daily
within the ranges.

Cash may also be held for liquidity in the underlying funds, so the
overall cash allocation may be greater than stated.

Footnotes
You should refer to page 21 for details of any footnotes.




14
Multi-asset class Investment Options
  Conservative                                                                Balanced

  Management costs (% pa)1                                                    Management costs (% pa)1
  2.19%  2
                                                                              2.38%2

  Relative volatility                                                         Relative volatility
  Low to moderate                                                             Moderate

  Suggested length of investment                                              Suggested length of investment
  Three years or more                                                         Five years or more

  Objective                                                                   Objective
  Stable returns through investment in a diversified portfolio with           Long-term growth through investment in a diversified portfolio with
  an emphasis on fixed income and cash and enhanced cash                      an emphasis on Australian and international share investments.
  investments.

  Investment approach                                                         Investment approach
  Invests into a diverse mix of assets (see ‘Investment guidelines’           Invests into a diverse mix of assets (see ‘Investment guidelines’
  below).                                                                     below).
  The Investment Option is regularly reviewed and re-weighted to the          The Investment Option is regularly reviewed and re-weighted to the
  benchmark. Re-weighting means realigning the asset allocation to            benchmark. Re-weighting means realigning the asset allocation to
  the benchmark. This can help reduce the volatility of the Investment        the benchmark. This can help reduce the volatility of the Investment
  Option by avoiding over exposure to a particular asset class that has       Option by avoiding over exposure to a particular asset class that has
  grown more quickly than another.                                            grown more quickly than another.

  Investment guidelines                                                       Investment guidelines
  Benchmark                                                      Ranges       Benchmark                                                       Ranges

  Growth alternatives 5.0%                                            0-15%   Cash and enhanced cash 2.0%                                         0-10%
                                                                              Growth
  International shares 10.0%                                          0-20%
                                                                              alternatives 10.0%                                               0-20%
  Cash and                                                                    Fixed
  enhanced cash 25.0%                                             15-35%      income3 23.0%                                                   15-35%
                                                                              International
  Australian                                                                  shares 24.0%                                                    15-35%
  shares 12.0%                                                        0-20%
                                                                              Defensive
                                                                              alternatives 5.0%                                                   0-15%
  Real estate 8.0%
              4                                                       0-15%

  Defensive
  alternatives 10.0%                                                  0-20%   Real estate4 10.0%                                                  0-20%
  Fixed income3 30.0%                                             20-40%
                                                                              Australian shares 26.0%                                         15-35%


You should refer to page 21 for details of footnotes.




                                                                                                                          Perpetual Select Super Plan 15
Multi-asset class Investment Options
  Growth                                                                  High Growth

  Management costs (% pa)1                                                Management costs (% pa)1
  2.35%  2
                                                                          2.38%2

  Relative volatility                                                     Relative volatility
  Moderate to high                                                        High

  Suggested length of investment                                          Suggested length of investment
  Five years or more                                                      Five years or more

  Objective                                                               Objective
  Long-term growth through investment in a diversified portfolio with a   Long-term growth through investment in a diversified portfolio with
  strong emphasis on Australian and international share investments.      a strong emphasis on Australian and international shares, as well as
                                                                          growth alternative investments.

  Investment approach                                                     Investment approach
  Invests into a diverse mix of assets (see ‘Investment guidelines’       Invests into a diverse mix of assets (see ‘Investment guidelines’
  below).                                                                 below).
  The Investment Option is regularly reviewed and re-weighted to the      The Investment Option is regularly reviewed and re-weighted to the
  benchmark. Re-weighting means realigning the asset allocation to        benchmark. Re-weighting means realigning the asset allocation to
  the benchmark. This can help reduce the volatility of the Investment    the benchmark. This can help reduce the volatility of the Investment
  Option by avoiding over exposure to a particular asset class that has   Option by avoiding over exposure to a particular asset class that has
  grown more quickly than another.                                        grown more quickly than another.




  Investment guidelines                                                   Investment guidelines
  Benchmark                                                      Ranges   Benchmark                                                      Ranges

  Cash and enhanced cash 2.0%                                     0-10%   Cash and enhanced cash 2.0%                                     0-12%

  Fixed income3 13.0%                                             5-25%
  Growth                                                                  Growth
  alternatives 15.0%                                              0-25%   alternatives 15.0%                                              0-25%


  Real estate4 10.0%                                              0-20%



  International                                                           International
  shares 28.0%                                                   20-40%   shares 35.0%                                                   25-45%


  Australian                                                              Australian
  shares 32.0%                                                   20-40%   shares 48.0%                                                   35-60%


You should refer to page 21 for details of footnotes.




16
Multi-asset class Investment Options
  Geared High Growth

  Management costs (% pa)1
  3.67%2, 5

  Relative volatility
  Very high

  Suggested length of investment
  Seven years or more

  Objective
  Enhanced long-term growth through borrowing (gearing) to invest
  in a diversified portfolio with a strong emphasis on Australian and
  international shares, as well as growth alternative investments.

  Investment approach
  Invests into a diverse mix of assets (see ‘Investment guidelines’
  below).
  The Investment Option is regularly reviewed and re-weighted to the
  benchmark. Re-weighting means realigning the asset allocation to
  the benchmark. This can help reduce the volatility of the Investment
  Option by avoiding over exposure to a particular asset class that has
  grown more quickly than another.
  See ‘Gearing policy’ on page 10 for details on how the underlying
  geared fund’s gearing is managed.

  Investment guidelines

  Benchmark                                                      Ranges



  Cash and
  enhanced cash 2.0%                                                  0-12%

  Growth
  alternatives 15.0%                                                  0-25%

  International
  shares 35.0%                                                    25-45%


  Australian
  shares 48.0%                                                    35-60%




  Gearing level6                                                      0-50%


You should refer to page 21 for details of footnotes.




                                                                              Perpetual Select Super Plan 17
Single-asset class Investment Options
  Cash                                                                   Fixed Income

  Management costs (% pa)1                                               Management costs (% pa)1
  1.66%                                                                  1.87%

  Relative volatility                                                    Relative volatility
  Low                                                                    Low to moderate

  Suggested length of investment                                         Suggested length of investment
  Two years or less                                                      Two years or more

  Objective                                                              Objective
  Capital stability through investments in deposits, money market and    Capital stability through investment in a diversified portfolio of
  fixed income securities.                                               Australian and international fixed income investments (including
                                                                         mortgages).

  Investment approach                                                    Investment approach
  Perpetual combines investment moneys and invests them in the           The Investment Option combines specialist investment managers
  money markets.                                                         with different investment styles and philosophies. The Investment
                                                                         Option is managed according to its investment guidelines which
                                                                         have a set exposure to each specialist investment manager. The
                                                                         Investment Option is regularly reviewed and re-weighted to the
                                                                         benchmark. Re-weighting means realigning the asset allocation to
                                                                         the investment guidelines for each specialist investment manager.
                                                                         This can help reduce the volatility of the Investment Option by
                                                                         avoiding over exposure to a particular specialist investment manager
                                                                         that has grown more quickly than another.
                                                                         Derivatives are currently used by the specialist investment managers
                                                                         to protect against most currency movements for international fixed
                                                                         income assets, although this can change at any time.

  Investment guidelines                                                  Investment guidelines
  Benchmark                                                   Ranges     Benchmark                                                       Ranges

  Cash 100.0%                                                      n/a   Fixed income
                                                                         (including mortgages)7 100.0%                                  90-100%



                                                                         Cash 0.0%                                                        0-10%




You should refer to page 21 for details of footnotes.




18
Single-asset class Investment Options
  Real Estate                                                               Australian Share

  Management costs (% pa)1                                                  Management costs (% pa)1
  2.26%                                                                     2.20%9

  Relative volatility                                                       Relative volatility
  High                                                                      High

  Suggested length of investment                                            Suggested length of investment
  Five years or more                                                        Five years or more

  Objective                                                                 Objective
  Income and long-term growth through investment in a diversified           Long-term growth and income through investment in a diversified
  portfolio of Australian and international real estate investment trusts   portfolio of Australian shares.10
  and unlisted property trusts.8

  Investment approach                                                       Investment approach
  The Investment Option combines specialist investment managers             The Investment Option combines specialist investment managers
  with different investment styles and philosophies. The Investment         with different investment styles and philosophies. The Investment
  Option is managed according to its investment guidelines which            Option is managed according to its investment guidelines which
  have a set exposure to each specialist investment manager. The            have a set exposure to each specialist investment manager. The
  Investment Option is regularly reviewed and re-weighted to the            Investment Option is regularly reviewed and re-weighted to the
  benchmark. Re-weighting means realigning the asset allocation to          benchmark. Re-weighting means realigning the asset allocation to
  the investment guidelines for each specialist investment manager.         the investment guidelines for each specialist investment manager.
  This can help reduce the volatility of the Investment Option by           This can help reduce the volatility of the Investment Option by
  avoiding over exposure to a particular specialist investment manager      avoiding over exposure to a particular specialist investment manager
  that has grown more quickly than another.                                 that has grown more quickly than another.
  The currency exposure of international assets is monitored and the
  capital component hedged into Australian dollars.

  Investment guidelines                                                     Investment guidelines
  Benchmark                                                        Ranges   Benchmark                                                     Ranges

  Real estate8 100.0%                                             90-100%   Australian shares10 100.0%                                   90-100%



  Cash 0.0%                                                         0-10%   Cash 0.0%                                                      0-10%




You should refer to page 21 for details of footnotes.




                                                                                                                      Perpetual Select Super Plan 19
Single-asset class Investment Options
  Geared Australian Share                                                Limited Share

  Management costs (% pa)1                                               Management costs (% pa)1
  4.43%  9, 11
                                                                         2.03%

  Relative volatility                                                    Relative volatility
  Very high                                                              High

  Suggested length of investment                                         Suggested length of investment
  Seven years or more                                                    Five years or more

  Objective                                                              Objective
  Enhanced long-term growth through borrowing (gearing) to invest in     Long-term growth and income through investment in quality
  a diversified portfolio of Australian shares.10                        industrial and resource shares and other securities.

  Investment approach                                                    Investment approach
  The Investment Option combines specialist investment managers          Perpetual Investments researches companies of all sizes using
  with different investment styles and philosophies. The Investment      consistent share selection criteria. Their priority is to select those
  Option is managed according to its investment guidelines which         companies that represent the best investment quality and are
  have a set exposure to each specialist investment manager. The         appropriately priced. In determining investment quality, investments
  Investment Option is regularly reviewed and re-weighted to the         are carefully selected on the basis of four key investment criteria:
  benchmark. Re-weighting means realigning the asset allocation to       ▪ conservative debt levels
  the investment guidelines for each specialist investment manager.
                                                                         ▪ sound management
  This can help reduce the volatility of the Investment Option by
  avoiding over exposure to a particular specialist investment manager   ▪ quality business and
  that has grown more quickly than another.                              ▪ recurring earnings.
  See ‘Gearing policy’ on page 10 for details on how the underlying      The underlying fund’s investment portfolio will typically consist of
  fund’s gearing is managed and limits that apply to members             between 20 and 45 stocks.
  investing in this Investment Option.

  Investment guidelines                                                  Investment guidelines
  Benchmark                                                   Ranges     Benchmark                                                       Ranges

  Australian shares10 100.0%                                  90-100%    Australian shares12 100.0%                                     90-100%


  Cash 0.0%                                                     0-10%
                                                                         Cash 0.0%                                                         0-10%




  Gearing level6                                                0-60%


You should refer to page 21 for details of footnotes.




20
Single-asset class Investment Options                                    Footnotes to Investment Options profiles
                                                                         1 The estimated management costs include indirect fees deducted from your
  International Share                                                       investment but don’t include the member fee which is deducted directly
                                                                            from your account.
  Management costs (% pa)1                                               2 These multi-asset class Investment Options have varying exposure
                                                                            to underlying funds where a performance fee may be payable to the
  2.47%13                                                                   specialist investment managers. The performance fee payable to specialist
                                                                            investment managers is included in the management costs of the
  Relative volatility                                                       underlying Perpetual Select Australian Share Fund and Perpetual Select
  High                                                                      International Share Fund, which form a component of the total management
                                                                            costs of the multi-asset class Investment Options (see footnotes 9 and 13
  Suggested length of investment                                            below for information on the underlying Perpetual Select Australian Share
                                                                            Fund and Perpetual Select International Share Fund performance fees
  Five years or more                                                        respectively).
                                                                         3 The benchmark allocation for fixed income will typically comprise 30%
  Objective                                                                 Australian fixed income and 70% international fixed income.
  Long-term growth through investment in a diversified portfolio of      4 The currency exposure of international real estate assets in the underlying
  international shares.14                                                   Perpetual Select Real Estate Fund is monitored and the capital component
                                                                            hedged into Australian dollars.
  Investment approach                                                    5 Assumes the average gearing level in the underlying Perpetual Select
                                                                            Geared High Growth Fund is 33%. If the average gearing level over the year
  The Investment Option combines specialist investment managers             is lower or higher than 33%, the management costs will be lower or higher,
  with different investment styles and philosophies. The Investment         as applicable.
  Option is managed according to its investment guidelines which         6 The gearing level is the underlying fund’s borrowings divided by the total
  have a set exposure to each specialist investment manager. The            gross value of its assets. It will depend on the present levels and future
  Investment Option is regularly reviewed and re-weighted to the            expectation of the underlying geared fund’s income (excluding franking
                                                                            credits) and its cost on borrowings. The maximum gearing limit may be
  benchmark. Re-weighting means realigning the asset allocation to
                                                                            exceeded for short periods of time due to extreme market volatility (see
  the investment guidelines for each specialist investment manager.         ‘Suspension of applications, switches and withdrawals’ on page 54 for
  This can help reduce the volatility of the Investment Option by           further information).
  avoiding over exposure to a particular specialist investment manager   7 The benchmark allocation for fixed income will typically comprise 60%
  that has grown more quickly than another.                                 Australian fixed income and 40% international fixed income.
  The currency exposure of international assets is monitored and         8 Also permitted to be included are company shares, unit trusts and other
                                                                            securities that are expected to have a return related to property investments
  hedging strategies may be implemented (using derivatives) with the
                                                                            or management as their dominant underlying assets.
  aim of reducing the impact of adverse currency movements.
                                                                         9 This amount includes estimated performance fees payable to the specialist
                                                                            investment managers. The total estimated performance fee component
  Investment guidelines                                                     payable to specialist investment managers of the underlying Perpetual
                                                                            Select Australian Share Fund for the 12 months to 31 December 2009 was
  Benchmark                                                     Ranges
                                                                            approximately 0.03% (see ‘Performance fees’ on page 24 for more details).
  International shares14 100.0%                                90-100%   10 As per the investment manager’s investment guidelines, securities listed
                                                                            on overseas exchanges may be purchased subject to limits agreed by the
                                                                            Trustee.
                                                                         11 Assumes the average gearing level in the underlying Perpetual Select
  Cash 0.0%                                                      0-10%      Geared Australian Share Fund is 50%. If the average gearing level over the
                                                                            year is lower or higher than 50%, the management costs will be lower or
                                                                            higher, as applicable.
                                                                         12 The underlying fund’s investment universe allows it to invest, directly or
                                                                            indirectly, in stocks listed or to be listed on sharemarket exchanges outside
                                                                            Australia. Exposure to stocks outside Australia is limited to 20%.
                                                                         13 This amount includes estimated performance fees payable to the specialist
                                                                            investment managers. The total estimated performance fee component
                                                                            payable to specialist investment managers of the underlying Perpetual
                                                                            Select International Share Fund for the 12 months to 31 December 2009
                                                                            was 0.00% (see ‘Performance fees’ on page 24 for more details).
                                                                         14 As per the Investment Option’s investment guidelines, securities listed on
                                                                            the Australian Securities Exchange may be purchased subject to limits
                                                                            agreed by the Trustee.

You should refer to page 21 for details of footnotes.




                                                                                                                        Perpetual Select Super Plan 21
Fees and other costs

 Did you know?                                                                    Fees and other costs
 Small differences in both investment performance and fees and costs can          This document shows fees and other costs that
 have a substantial impact on your long-term returns.                             you may be charged. These fees and costs may be
                                                                                  deducted from your money, from the returns on your
 For example, total annual fees and costs of 2 per cent of your fund balance
                                                                                  investment or from the Fund’s assets as a whole.
 rather than 1 per cent could reduce your final return by up to 20 per cent
 over a 30-year period (for example, reduce it from $100,000 to $80,000).         Fees and costs for particular Investment Options
 You should consider whether features such as superior investment                 are set out in the ‘Investment Options profiles’ on
 performance or the provision of better member services justify higher fees       pages 15-21.
 and costs.
                                                                                  Tax information, including goods and services tax
 You may be able to negotiate to pay lower contribution fees and                  (GST), is set out on pages 47-49. Unless otherwise
 management costs where applicable. Ask us or your financial adviser.             stated, all fees and other costs disclosed in this PDS
                                                                                  are inclusive of the net effect of GST.
 To find out more
 If you would like to find out more or see the impact of fees based on            Insurance costs are set out on pages 43-46.
 your own circumstances, the Australian Securities and Investments
 Commission (ASIC) website www.fido.asic.gov.au has a superannuation              You should read all information about fees and costs
 fee calculator to help you check out different fee options.                      because it’s important to understand their impact on
                                                                                  your investment.
Fees and other costs
Type of fee or cost             Amount                                            How and when paid
Fees when your money moves in or out of the Fund
Establishment fee               Nil.                                              Not applicable.
The fee to open your investment
Contribution fee1                  Up to 4.00%.2,3                                A contribution fee is charged when you make an
The fee on each amount                                                            initial or additional investment (except Government
contributed to your investment –                                                  co-contributions) into the Fund. This fee is deducted
either by you or your employer                                                    directly from your initial or additional investment and
                                                                                  paid to us.
                                                                                  Any initial commission payable to your financial
                                                                                  adviser is paid by us out of the contribution fee. The
                                                                                  amount of initial commission and the contribution fee
                                                                                  can be negotiated with your financial adviser. If you
                                                                                  don’t use a financial adviser, the contribution fee will
                                                                                  generally still be payable and retained by us.
Withdrawal fee                     $51.25 for each withdrawal.2,3                 Deducted from your account upon withdrawal.
The fee on each amount you take
out of your investment
Termination fee                    Nil.                                           Not applicable.
The fee to close your investment
Management costs1,4
The estimated fees and costs for 1.66%-4.43% pa of your account balance           Management costs are deducted directly and
managing your investment over a within an Investment Option, depending on the     indirectly from the Investment Options and are
12 month period                   Investment Option.3                             reflected in the unit price.
The estimated management          These management costs consist of the           The method and frequency of deduction of each
costs for each Investment Option management fee of 1.49% pa plus estimated
                                                                  3
                                                                                  component differs (see ‘Management costs’ on
are shown in the ‘Investment      expense recoveries (including specialist        pages 23-25 for details).
Options profiles’ on pages 15-21. investment manager fees and other expenses)     The management fee component may be rebated
                                  of between 0.17% and 1.53%. As rebates may
                                                                                  in certain circumstances (see ‘Management fee
                                  apply to the management fee and expense
                                                                                  rebates’ on page 23 for details).
                                  recoveries are variable, it’s not possible to
                                  provide fixed management costs for the
                                  Investment Options.
Annual member fee                 $8.44 per month ($101.28 annually).3            Deducted from your account and paid to us monthly
                                                                                  in arrears. The member fee is charged on your total
                                                                                  account (not for each Investment Option).

22
Fees and other costs (continued)

 Type of fee or cost                         Amount                                                     How and when paid

 Service fees

 Investment switching fee                    Nil.2,3                                                    No switching fee is currently charged.
 The fee for changing Investment
 Options

1 This fee may include an amount payable to an adviser (see ‘Adviser remuneration’ on page 26 and ‘Differential fees’ on page 26 for details).
2 A buy/sell spread will generally apply (see ‘Transaction costs’ on page 25 for further information and ‘Incorporation by reference’ on page 54 for details of how to
  obtain current buy/sell spread amounts).
3 See ‘Maximum fees and charges’ on page 25 for details of the maximum fee amounts allowed under the Fund’s Trust Deed.
4 See ‘Management costs’ on page 23 for further details.


Additional explanation of fees and costs                                               Management fee rebates for the year ending 30 June 2010

Management costs                                                                         Value of investment                               Rebate (% pa)
The estimated management costs include:
                                                                                         First $227,000                                           Nil
▪ the management fee                                                                     Next $529,800                                           0.50

▪ expense recoveries (including specialist investment manager                            Over $756,800                                           1.15
  fees and performance fees), other than abnormal operating
  expenses.
                                                                                       Employer rebates – Further rebates on the management,
Management fee                                                                         member and contribution fees are available to members of
We receive a management fee for overseeing the investments                             certain employer groups. An employer group consists of five
of the Super Plan. This fee is included in the calculation of the                      or more members who are sponsored by an employer or any
unit price of each Investment Option and is normally paid to us                        subsidiary or associate company of the employer as at 30 June.
monthly.
                                                                                       The size of your rebate is determined by the total value of
The management fee does not include fees associated with                               all members’ investments in the employer group at 30 June
investment management services performed by the specialist                             each year and may vary from year to year. The current rebate
investment managers.                                                                   thresholds are shown in the following table (GST doesn’t apply to
                                                                                       rebates). If you cease to be a member of the employer group or
For each of the Investment Options, we currently charge a                              withdraw from the Super Plan before 30 June you won’t receive
management fee of 1.49 per cent per annum of the net asset                             any fee rebate for that year. We can change the qualifying levels
value of the Investment Option.                                                        and the size of rebates applicable to your investments.

Geared Investment Options
                                                                                       Employer fee rebates
The management fee for the underlying Perpetual Select Geared
High Growth Fund and Perpetual Select Geared Australian Share                            Value of employer group investment                   Portion of annual
Fund will be 1.49 per cent per annum of their gross asset value                                                                                 fees rebated
(that is, asset value before deduction for liabilities). As a result
                                                                                         $0 – $500,000                                                  Nil
the management costs for these Investment Options will not
be directly comparable to the management costs of the other                              $500,001 – $1,000,000                                          5%
Investment Options.                                                                      $1,000,001 – $2,500,000                                        10%

Management fee rebates                                                                   $2,500,001 – $5,000,000                                        15%
Individual rebate – A management fee rebate is available to
                                                                                         $5,000,001 – $10,000,000                                       20%
members with large account balances. The size of your rebate
is determined by the value of your investment in the Super Plan                          $10,000,001 – $20,000,000                                      25%
at the end of each month and is applied annually at 30 June                              $20,000,001 – $50,000,000                                      30%
for that year. The current rebate thresholds are shown in the
following table (GST doesn’t apply to rebates). If you withdraw                          Over $50,000,000                                          Negotiable
your investment from the Super Plan before 30 June you won’t
receive any management fee rebate for that year. We can
                                                                                       Expense recoveries
change the qualifying levels and the size of rebates applicable to
                                                                                       Expense recoveries represent the operating expenses incurred in
your investment in the Super Plan. The qualifying levels can be
                                                                                       the day-to-day operation of the Super Plan.
adjusted annually by the CPI on 1 July.
                                                                                       Expense recoveries include fees payable to the specialist
                                                                                       investment managers and other expense recovery items, such as
                                                                                       audit fees, custody fees and expenses for publishing this PDS.



                                                                                                                                       Perpetual Select Super Plan 23
There is no limit in the Fund’s Trust Deed on the amount that can      Performance fees
be reimbursed for expense recoveries.                                  In addition to the specialist investment management fee, some
                                                                       of the specialist investment managers may be entitled to a
Expense recoveries can be paid directly from each Investment           performance fee. Performance fees are payable when a specialist
Option or, if the expenses are incurred by us for the proper           investment manager outperforms a defined performance hurdle
performance of our duties and obligations, we’re entitled to be        (benchmark), for a defined period of time.
reimbursed for these amounts from the Super Plan.
                                                                       Any performance fee payable to a particular investment
Estimated expense recoveries range between 0.17 and 1.53 per           manager will be incurred in the underlying funds and attributed
cent per annum depending on the Investment Option. These               to the overall management costs of the Investment Option. All
expense recoveries consist of:                                         performance fees will be indirectly incorporated in the unit price
                                                                       of the Investment Option.
▪ specialist investment manager fees of between 0.10 and 1.30
  per cent per annum of the net asset value depending on the           Performance fees for certain specialist investment managers of
  Investment Option                                                    the underlying funds for the Australian Share and International
                                                                       Share Investment Options, together with the specialist investment
▪ other expenses of between 0.07 and 0.30 per cent per annum
                                                                       managers for alternative assets, form part of the specialist
  of the net asset value depending on the Investment Option.
                                                                       investment manager remuneration. Performance fees also apply
These amounts may vary in the future.                                  to the geared and multi-asset class Investment Options, which
                                                                       have varying exposure to Australian shares and international
Expense recoveries don’t include abnormal operating expenses           shares (through the underlying Perpetual Select Australian Share
(see ‘Abnormal operating expenses’ on page 25 for details).            Fund and Perpetual Select International Share Fund respectively)
                                                                       and alternative assets.
Specialist investment manager fees
The specialist investment managers are entitled to charge an           The exact methodologies for calculating performance fees vary
investment management fee based on a percentage of the assets          significantly between the specialist investment managers, and the
invested with them. There are different ways that investments          amounts payable aren’t possible to predict. The estimated total
are placed with the specialist investment managers, as shown           performance fee payable to these specialist investment managers
in the following table. Consequently, there are different ways of      for the 12 months to 31 December 2009 was approximately 0.03
charging fees, different types of fees and different fee levels that   per cent of the value of the underlying Perpetual Select Australian
may be charged.                                                        Share Fund and 0.00 per cent of the value of the underlying
                                                                       Perpetual Select International Share Fund.
Specialist investment manager fees
                                                                       The performance fee payable to these specialist investment
 Method of placing              How fees are paid to the               managers is based on a percentage earned on that manager’s
 investment with specialist     specialist investment managers         outperformance of their respective benchmark. For specialist
 investment manager                                                    investment managers other than for alternative assets, this range
 Investment in a pooled trust   The underlying pooled trust
                                                                       is currently between 10 and 21 per cent of that outperformance,
 managed by the specialist      charges a fee, which is reflected      depending on the manager.
 investment manager.            in the unit price of the underlying
                                pooled trust and incorporated in       The maximum performance fee payable to any particular
                                the Investment Option’s unit price.    specialist investment manager other than for alternative assets
                                The fee is percentage based and        over an annual period currently ranges between 1.0 and 1.8 per
                                may include a performance fee.
                                                                       cent. The outperformance of the benchmark required to achieve
                                The Super Plan doesn’t pay             this maximum fee ranges between 5.0 and 17.5 per cent.
                                the underlying pooled trusts a
                                separate fee.
                                                                         Example
 A mandate arrangement          The specialist investment
                                                                         If the manager outperformed their respective benchmark
 between Perpetual              manager directly charges
 Investments (as the            Perpetual Investments a fee. This        by 2 per cent and was entitled to 10 per cent of the
 responsible entity of the      fee is treated as an expense of the      outperformance, the performance fee payable would be
 underlying funds into which    relevant underlying fund, which          0.2 per cent (that is, 10 per cent of 2 per cent). Assuming a
 the Investment Options         is accrued in the unit price of the      constant investment balance with that manager of $50,000,
 invest), and the specialist    underlying fund and incorporated
                                                                         this would equate to a performance fee amount of $100.
 investment manager.            in the Investment Option’s unit
                                price. Fees are normally paid to
                                the specialist investment manager
                                quarterly in arrears.




24
For alternative assets, where performance exceeds the specialist     A buy/sell spread is an additional cost to you. The spread, if
investment manager fee, the maximum performance fee payable          applicable, is based on our estimates of the average transaction
is 25 per cent of any performance above the specialist investment    costs incurred by an Investment Option. However, it is not a fee
manager fee.                                                         paid to us and is retained in the Investment Option to cover the
                                                                     actual transaction costs as they are incurred.
  Example                                                            The buy/sell spread will impact the return on your investment.
  If the specialist investment manager fee was 2.5 per cent
                                                                     As it is built into an Investment Option’s unit prices, it won’t be
  and the gross return of the portfolio before fees was 50 per
                                                                     recorded separately on member statements.
  cent, the return after the specialist investment manager
  fee but before performance fees would be 47.5 per cent. If         The buy/sell spread for each Investment Option, which forms part
  the manager was entitled to a performance fee of 20 per            of the PDS, is publicly available at our website (see ‘Incorporation
  cent, the performance fee payable would be 9.5 per cent            by reference’ on page 54 for details) or can be obtained free of
  (that is 20 per cent of 47.5 per cent). Assuming a constant        charge by contacting us.
  investment balance with that manager of $50,000, this
  would equate to a performance fee amount of $4,750.                GST is not applicable to any buy/sell spread when you buy or sell
                                                                     units in the Investment Options.
Where a specialist asset consultant is engaged for hedge fund
                                                                     Borrowing costs
investments and those investments outperform their performance
                                                                     Borrowing costs (or gearing costs) are the costs associated with
target, the consultant may receive up to 10 per cent of that
                                                                     borrowing money or securities, such as interest, establishment
aggregated outperformance.
                                                                     fees, government charges and stock borrowing fees. Borrowing
Abnormal operating expenses                                          costs are not included in the management costs. For the Geared
                                                                     High Growth and Geared Australian Share Investment Options,
These charges are a reimbursement to us from the Super               borrowing costs are incurred indirectly as they are reflected in
Plan to cover the abnormal operating expenses we incurred in         the unit prices of the underlying funds in which they invest (see
performing our duties and obligations in administering the           ‘Gearing policy’ on page 10 for details).
Super Plan.

These expenses aren’t generally incurred during the day-to-day       Miscellaneous fees
operations of the Super Plan and aren’t necessarily incurred in      If we incur a fee because a cheque or direct debit for your
any given year. They’re due to abnormal events such as the cost      investment in the Super Plan is dishonoured by your financial
of running a member meeting, or legal costs incurred by changes      institution, the amount will be charged to your investment.
in the Fund’s Trust Deed.
                                                                     Government charges
Transaction costs                                                    Government charges will be applied to your account as
In managing the investments of the Investment Options,               appropriate.
transaction costs such as brokerage, settlement costs, clearing
costs and government charges may be incurred in an Investment        Maximum fees and charges
Option’s investment portfolio, or when an Investment Option          The Fund’s Trust Deed allows us to charge maximum fees as
experiences cash flows in or out of it.                              outlined below.

When an Investment Option incurs transaction costs from
                                                                      Fee or cost                Maximum
changing its investment portfolio, they are paid out of the
Investment Option’s assets and are reflected in its unit price.       Contribution fee           6.00% of the investment amount

Transaction costs that are incurred because members buy or sell       Withdrawal fee             $200 per withdrawal1
units in an Investment Option are also paid from the Investment
                                                                      Management fee             2.10% pa of the value of each Investment
Option’s assets, but they are offset by the transaction cost          (excluding expenses)       Option
allowances that are included in the calculation of the Investment
Option’s entry and/or exit unit prices, where relevant, as            Expense recoveries         Unlimited
described under ‘Buy/sell spread’ below.                              Annual member fee          $50 per member account per quarter
                                                                                                 ($200 per year)1
Buy/sell spread
Estimated transaction costs are allocated when a member buys          Switching fee              $200 per switching request1
or sells units in an Investment Option by incorporating a buy/        Superannuation and         Up to $200 for actioning specific events
sell spread between the Investment Option’s entry and exit            family law charges         in connection with superannuation and
unit prices, where appropriate. This aims to ensure that other                                   marriage breakdown.
members aren’t impacted by the transaction costs associated
                                                                     1 Both the current fee amount shown in the ‘Fees and other costs’ table on
with a particular member buying or selling units in the Investment     page 22 and the above limit may be increased by the cumulative increase in
Option. We have discretion to waive the buy/sell spread on             the CPI since the last increase.
investments or withdrawals where no transaction costs are
incurred, including when a member transfers their entire account     Amounts disclosed are inclusive of 10 per cent GST.
balance in the Super Plan to the corresponding Investment
Option(s) for the same amount(s) in the Pension Plan.


                                                                                                                  Perpetual Select Super Plan 25
Increases or alterations to the fees                                   ▪ 33.55 per cent of your annual death and/or TPD cover
Fees may change for many reasons including changes in the                premium each year and 33.55 per cent of your annual salary
competitive, industry and regulatory environment or simply from          continuance cover premium each year (also applies where you
changes in costs. We won’t increase our fees, or introduce new           have no financial adviser).
fees, without giving you at least 30-days’ written notice except for
government fees or charges.                                            The commission amounts quoted are inclusive of 10 per cent GST.


Differential fees                                                      Adviser remuneration
We may negotiate a rebate of all or part of the contribution fee       Perpetual Group insurance commissions
or our management fee with wholesale clients (as defined by the        If you have insurance cover, we pay all of the insurance
Corporations Act) and employees of the Perpetual Group. Where          commissions to the Perpetual Group out of the commission
permitted by law, we may also waive the contribution fee for other     we receive from the insurer. This amount is not an additional
members in respect of whom no commissions are paid by us.              cost to you.

The payment and terms of rebates or waivers are negotiated with        Advisers of the Perpetual Group are generally salaried employees
wholesale clients but are ultimately at our discretion, subject to     of Perpetual Limited and may be paid a portion of these
the Corporations Act and ASIC policy. Please contact us or your        commissions when they reach certain thresholds.
adviser for details of any fee rebates or waivers that may have
                                                                       If you cancel your insurance cover in the first year and we have
been negotiated.
                                                                       paid the Perpetual Group a stepped commission, we will recoup
Member protection standards                                            this amount from the Perpetual Group.
If at 30 June each year (or when you leave the Super Plan) the
                                                                       Financial adviser commissions
amount in your account is less than $1,000 and superannuation
                                                                       The commissions that can be paid to your financial adviser, as
guarantee or award contributions have been made into the
                                                                       summarised in the ‘Financial adviser commissions’ table on
account by your employer or you are considered a lost member
                                                                       page 27, aren’t an additional cost to you. They’re paid by us to
(see ‘Lost members’ on page 52), government regulations limit
                                                                       your financial adviser, if applicable, out of the contribution and/or
the amount of charges that can be deducted from your account.
                                                                       management fees we charge on your investment in the Fund.
Generally, you cannot be charged member fees that exceed your
investment earnings during that period. Where this is the case,        For calculating commission, we’ll disclose information about
that portion of the member fees is refunded to your account in         your investment to your financial adviser (see ‘Your privacy’ on
the form of a member protection rebate.                                page 51 for details).

Tax                                                                    Your financial adviser may provide a Financial Services Guide
Tax information, including GST, is set out on pages 47-49.             or a Statement of Advice to you that details their remuneration
                                                                       and other benefits, including those they may share with any
Insurance premiums and commissions                                     referral parties.
If you have insurance cover, an amount will be deducted from
your account each month to pay insurance premiums (see                 Initial commission
‘Insurance premiums’ on pages 43-46 for details).                      This is the remuneration we pay to your financial adviser for
                                                                       recommending that you invest in the Fund. It helps your adviser
If you receive automatic death and TPD cover as an employer
                                                                       to cover their costs and receive an income for the service they
‘default fund’ member (see page 33 for details), your insurance
                                                                       provide. Initial commission is paid out of the contribution fee and
premiums include a commission amount of 33.55 per cent which
                                                                       isn’t an additional cost to you.
is paid by the insurer to the Trustee, which is onforwarded to
Perpetual Group.                                                       Some financial advisers may waive (or rebate) part or all of their
                                                                       initial commission, but aren’t obliged to. Any reduction (or rebate)
Insurance commission payable to the Trustee                            of initial commission will be used to buy additional units for the
If you elect to have insurance cover other than automatic death        value of the rebate on your behalf.
and TPD cover as an employer ‘default fund’ member (including
any additional cover), the insurance commission payable to the         Ongoing commission
Trustee by the insurer will depend on the commission option            This is the ongoing remuneration we pay to your financial adviser
your financial adviser chooses (see ‘Perpetual Group insurance         for providing ongoing service and investment advice to you in
commissions’ on this page for details) and will be up to either:       relation to your investment in the Fund. Ongoing commission
                                                                       is paid out of our management fee and isn’t an additional cost
▪ 110 per cent of your annual premium in the first year,
                                                                       to you.
  15 per cent in the second year, 17 per cent in the third year,
  19 per cent in the fourth year and 21 per cent in the fifth and      Some financial advisers may waive (or rebate) part or all of their
  subsequent years or                                                  ongoing commission, but aren’t obliged to. A reduction (or rebate)
                                                                       of ongoing commission may result in additional units for the value
                                                                       of the rebate being purchased on your behalf.




26
As your account balance increases, the financial adviser                               Other benefits
commission percentages decrease. The current investment                                As a result of your investment in the Fund your financial adviser
thresholds and commission amounts are explained in the                                 may qualify for other benefits, which are not an additional cost to
following table. The qualifying levels can be adjusted annually by                     you. We maintain a register (in compliance with the Industry Code
the CPI on 1 July.                                                                     of Practice on Alternative Forms of Remuneration) summarising
                                                                                       alternative forms of remuneration that are paid or provided to
Ongoing adviser commission rates for the year ending                                   certain financial advisers. If you would like to review this register
30 June 2010                                                                           please contact us.

 Value of investment            Ongoing adviser commission (% pa)

 First $227,000                                    0.55

 Next $529,800                                     0.36

 Over $756,800                                      0.11


Financial adviser commissions

 Commission                 Amount1                   Cost per $10,000 invested               How and when paid

 Initial commission         Up to 4.29%               Up to $429.00                           Calculated on the amount of your initial or additional
                                                                                              investments (except Government co-contributions) and paid
                                                                                              at the end of the month out of the contribution fee.

 Ongoing                    Up to 0.55% pa            Up to $55.00                            Calculated on the average daily balance of your investment
 commission                                                                                   and paid monthly out of our management fee.

1 These amounts include 10% GST and are the amounts we pay to your financial adviser from the contribution fee and/or management fee we receive from the
  Super Plan (see the table within ‘Fees and other costs’ on page 22 for further information about contribution and management fees payable to us for your
  investment in the Fund).



Example of annual fees and costs for the Balanced Investment Option
This table gives an example of how the fees and costs in the Balanced Investment Option for this product can affect your investment over
a one-year period. You should use this table to compare the Fund with other superannuation products.

 EXAMPLE – Balanced Investment Option                             Balance of $50,0001 with total contributions of $5,000 during year

 Contribution fees                0.00% – 4.00%                   For every $5,000 you put in, you will be charged between $0.00 and $200.00.2

 PLUS                             2.38% +                         And, for every $50,000 you have in the Fund, you will be charged $1,190.00 each
 Management costs1                $101.28 ($8.44 per              year plus $101.28 as a member fee regardless of your balance.
                                  month)

 EQUALS                                                           If you put in $5,000 during a year and your balance was $50,000, then for that year
 Cost of Fund                                                     you will be charged fees of from: $1,291.28 to $1,491.28*
                                                                  What it costs you will depend on the Investment Option you choose and the
                                                                  fees you negotiate with us or your financial adviser.

1 We have assumed a constant value of $50,000 for the whole year.
2 A buy spread of 0.30% (as at the issue date of this PDS), equal to $15.00 on a $5,000 contribution, will also apply (see ‘Transaction costs’ on page 25 for further
  information).
* Additional fees may apply:
  If you make a withdrawal from the Super Plan, you will also be charged a withdrawal fee of $51.25.




                                                                                                                                       Perpetual Select Super Plan 27
Operating your Super Plan
account
 Feature/transaction   Summary information                                                                                 Further
                                                                                                                         information

 Joining the Fund      ▪ Individual members – complete the ‘Member application’ form and send it to us.                   page 29
                       ▪ Participating employers – complete the ‘Participating employer application’ form (only
                         required when you first establish a new participating employer plan, not when enrolling new
                         employee members into an existing employer plan), together with a ‘New employee details’
                         form and send them to us with any completed ‘Member application’ forms (see below) and
                         your completed ‘Contribution advice’ (also available from our website).
                       ▪ Employees joining a participating employer’s plan – complete the ‘Member application’
                         form and send it to us (either directly or via your employer).
                       Please refer to ‘Membership categories’ on page 29 for further information.

 Initial investment    There is no minimum initial investment in the Super Plan or any Investment Option.                 page 29
                       After reading the PDS, complete the relevant application form and send it to us (see above).
                       ▪ Investments by cheque – attach a cheque to your ‘Member application’ form.
                       ▪ Investments by direct debit – we’ll debit your initial contribution amount directly from your
                         nominated account once we’ve accepted your application.

 Investment strategy   Members should select the Investment Option(s) in which you would like to invest (restrictions     page 29
                       apply if you invest in the Geared Australian Share Investment Option) on the ‘Member
                       application’ form. If you don’t make a selection, investments will be placed in the Balanced
                       Investment Option. You can change your investment strategy at any time.

 BPAY                  You can use BPAY for making additional investments. We’ll provide you a Customer Reference         page 30
                       Number (CRN) in your welcome letter.

 Additional            There is no minimum additional investment in the Super Plan or any Investment Option.              page 30
 investments           ▪ Investments by cheque – send the cheque to us together with details of the type of
                         contribution, quoting your existing account number.
                       ▪ Investments by direct debit – complete an ‘Application for additional investments and
                         features’ form (available from our website or by contacting us) and send it to us and we’ll
                         debit your additional contribution amount directly from your nominated account once we’ve
                         accepted your application.
                       ▪ Investments via BPAY – remit your additional investment amount to us, quoting your CRN
                         and the BPAY biller code for the relevant type of contribution.

 Savings plan          There is no minimum savings plan investment in the Super Plan or any Investment Option.            page 30
                       If you wish to make regular contributions by direct debit from your nominated account,
                       complete section 5 of the ‘Member application’ form.

 Switching             There is no minimum amount for switches between Investment Options.                                page 31
                       To switch all or part of your investment in an Investment Option, submit a switch request
                       through Online Account Access (see next page) or send us a completed ‘Switch request’ form
                       (available from our website or by contacting us) by mail or fax.

 Auto-rebalancing      You can request us to regularly rebalance your investment portfolio to maintain your chosen        page 31
                       investment strategy by completing section 8 of the ‘Member application’ form.
                       If you are investing in the Geared Australian Share Investment Option you must select this
                       feature (see ‘Limits for Geared Australian Share Investment Option’ on page 10 for more
                       information).




28
 Feature/transaction       Summary information                                                                                       Further
                                                                                                                                   information

 Insurance cover           If you become a member of a participating employer who has nominated the Super Plan as                  pages 33-46
                           their ‘default fund’ under the choice of fund legislation, you will automatically receive death and
                           TPD cover upon joining the Super Plan.
                           All eligible members can apply for the following types of insurance cover through the Super Plan
                           by completing section 10 of the ‘Member application’ form (and, if necessary, the ‘Insurance
                           application – standard’ form):
                           ▪ death only
                           ▪ total and permanent disablement (TPD) only
                           ▪ death and TPD
                           ▪ salary continuance.

 Withdrawals               There is no minimum amount for withdrawals from the Super Plan.                                           page 31
                           If you are eligible to access your superannuation and wish to make a withdrawal, send us a
                           completed ‘Benefit payment instruction’ form (available from our website or by contacting us),
                           together with evidence of the ‘condition of release’ that you’ve satisfied.

 New instructions or       Please contact us to advise of any changes to your name, address/contact details, bank                  pages 29-32
 changes                   account and other details/instructions. You can also send us a completed ‘Change of
                           instructions’ form (available from our website or by contacting us).
                           Any acceptable changes by phone can only be made after we’ve confirmed your identity. All
                           changes to bank account details must be made in writing by mail.
                           When requesting any new features or changes/cancellations involving transactions (eg
                           investment strategy, savings plan and auto-rebalancing), we must receive your instructions at
                           least five business days before a transaction date for it to apply to the next transaction.

 Authorised                You can appoint an authorised representative to act on your behalf in relation to your                    page 32
 representative            investment in the Super Plan by completing the ‘Authorised representative’ section in your
                           ‘Member application’ form.

 Online Account            Online Account Access allows you to view information about your investment and switch                     page 32
 Access                    between Investment Options online. You should specify the level of access you want in
                           section 8 of your ‘Member application’ form.

 Updated information       Go to our website or mail, phone, fax or email us for the latest information on unit prices,             inside back
                           buy/sell spreads and investment returns and any other updated information in relation to the                cover
                           Super Plan. Other general information is also provided in the Fund’s annual report, which is
                           also available at our website.



Membership categories                                                      Investments
You can apply for individual membership of the Super Plan or join          Provided you are eligible to invest in the Super Plan (see ‘Eligibility
through a participating employer plan that has been established            to invest’ on page 11), you can invest in a single Investment
by your employer.                                                          Option or multiple Investment Options depending on your
                                                                           investment goals.
Transfers from employer to individual category
If you are a member of a participating employer plan and you               Initial investment
cease working for that employer, you will automatically become             There is no minimum initial investment amount. Your initial
an individual member of the Super Plan when we are advised you             investment may be paid:
have ceased employment. As an individual member:
                                                                           ▪ by cheque
▪ your Investment Option selections remain the same
                                                                           ▪ by direct debit (see page 30).
▪ you can continue to make personal contributions or roll over
  benefits from other superannuation funds                                 You should indicate on your application form the amount or
                                                                           proportion of your investment in each Investment Option.
▪ your new employer can make contributions to the Super
  Plan on your behalf (see ‘Superannuation choice of fund’ on              Investment strategy
  page 13 for further information)                                         The proportion of your initial investment allocated to each
                                                                           Investment Option is recorded as your default investment
▪ any insured benefits will generally continue (see page 33 for
                                                                           strategy for:
  further information)
                                                                           ▪ all additional investments made via BPAY
▪ the fees you pay are the same, except you will no longer qualify
  for any employer rebates (see page 23 for further information).          ▪ any other additional investments unless you nominate a
                                                                             different Investment Option(s).



                                                                                                                      Perpetual Select Super Plan 29
You need to specify on the application form if you want your          Savings plan
investment strategy to differ from your initial investment.           With a savings plan, you can make regular contributions to the
Otherwise, your investment strategy will remain the same, even        Fund automatically by direct debit from your nominated Australian
when you perform a future transaction. You can change your            bank, building society or credit union account.
investment strategy at any time by notifying us in writing.
                                                                      There is no minimum amount for savings plan investments, which
Direct debit                                                          can be made monthly (default frequency) or quarterly.
You can authorise us on your initial or additional application
                                                                      The savings plan amount will be deducted from your nominated
form to debit contribution amounts directly from your nominated
                                                                      account on the 10th or 20th day of the relevant months, or the
Australian bank, building society or credit union account.
                                                                      following business day if the applicable date isn’t a business day.
Direct Debit Request Service Agreement
                                                                      For both monthly and quarterly savings plan contributions, if your
If you elect to make investments (including savings plan – see
                                                                      direct debit request is received before the 5th or 15th day of the
‘Savings plan’ on this page) by direct debit authority, you must
                                                                      month for savings plan contributions requested for the 10th or
read and accept the terms of our Direct Debit Request Service
                                                                      20th respectively, your first debit will occur in that month. If your
Agreement, which forms part of this PDS and is publicly available
                                                                      direct debit request is received on or after the applicable date,
at our website (see ‘Incorporation by reference’ on page 54 for
                                                                      your first debit will occur in the following month.
details) or can be obtained free of charge by contacting us.
                                                                      Please contact us if you wish to change the investment amount
Additional investments                                                or frequency, or cancel your savings plan.
Subject to eligibility (see ‘Eligibility to invest’ on page 11),
additional investments can be made at any time.                       The following table shows the impact on your savings plan of
                                                                      any withdrawals or switches from the Investment Options unless
There is no minimum amount for additional investments.                you provide alternative instructions at the time of withdrawing
Additional investments may be paid:                                   or switching.

▪ by sending us a cheque together with details of the type of
  contribution                                                        Impact of withdrawals and switches on existing savings plans

▪ by direct debit (with an application form) or                        Type of transaction        Impact on future savings plan

                                                                       Full withdrawal from       We’ll cancel your savings plan.
▪ via BPAY.                                                            all savings plan
                                                                       Investment Option(s)
BPAY
BPAY is a convenient way for you to make additional contributions      Full withdrawal from       We’ll continue your savings plan for
                                                                       some savings plan          the same dollar amount invested into
to the Fund from your cheque or savings account using the
                                                                       Investment Option(s)       the remaining Investment Option(s) in
phone or online banking facilities provided by most Australian                                    proportion to your previous savings
banks, building societies and credit unions.                                                      plan allocations to the remaining
                                                                                                  Investment Option(s).
Unless you indicate otherwise on your application form, we’ll
send you a Customer Reference Number (CRN) in your welcome             Full switch from           We’ll transfer your savings plan to the
                                                                       all savings plan           Investment Option(s) that you switched
letter. You can also apply for a CRN at any other time by
                                                                       Investment Option(s)       to in the same proportion as the
contacting us.                                                                                    switch.

When using BPAY, you’ll need to quote your CRN and the BPAY            Full switch from           We’ll continue your savings plan for the
biller code for the relevant type of contribution (so that it’s        some savings plan          same dollar amount. The allocation of
                                                                       Investment Option(s)       your savings plan that was previously
processed and, where applicable, taxed accordingly), as shown
                                                                                                  invested into the Investment Option(s)
in the following table.                                                                           that you have switched from will be
                                                                                                  invested into the existing and/or new
 Type of contribution                              BPAY biller code                               Investment Option(s) that you switched
                                                                                                  to in the same proportion as the
 Employer contribution                                  989277                                    switch.
 (including salary sacrifice)
                                                                       Partial withdrawal         No change to your savings plan.
 Personal contribution                                  989475         or switch from all or
                                                                       some savings plan
 Spouse contribution                                    514281         Investment Option(s)


                                                                      We can terminate, suspend or impose additional conditions on
                                                                      the operation of your savings plan at any time with notice to you.




30
How units are issued                                                  Auto-rebalancing
Generally, if our Sydney office receives and accepts your             The value of your investment in any particular Investment
investment application electronically or otherwise (including         Option will change over time and this movement may cause
investment amounts received via BPAY, where applicable) by            your investment portfolio allocation to deviate from your
3.00pm on any asset valuation date (see ‘How units are priced         investment strategy.
and investments are valued’ on page 50 for further information),
your investment will be processed using that day’s entry price. If    Auto-rebalancing is a form of automatic switching. This facility
received and accepted after 3.00pm it will be processed using         provides a simple way for you to maintain your investment
the next calculated entry price. If it’s a non-working day for        strategy by authorising us to withdraw and apply units in your
Perpetual in Sydney, your investment will be processed using the      chosen Investment Options to rebalance your investment
next available entry price.                                           portfolio regularly, as follows:

For current entry prices, visit our website or contact us.            ▪ quarterly – the next unit pricing date on or after (as applicable)
                                                                        the 15th of February, May, August and November
The number of units issued to you is determined by dividing your
investment amount (less fees and taxes) by the applicable entry       ▪ half yearly (default frequency) – the next unit pricing date on or
price. See ‘How units are priced and investments are valued’ on         after (as applicable) the 15th of February and August or
page 50 for details about asset valuations and unit prices.
                                                                      ▪ yearly – the next unit pricing date on or after (as applicable) the
Accepting your application includes verifying your identity (see        15th of August.
‘Anti-Money Laundering/Counter-Terrorism Financing laws’ on
                                                                      If any of these days aren’t business days, the next business day
page 51 for more information).
                                                                      will apply.
We have the discretion:
                                                                      Please contact us if you wish to change the frequency, cancel or
▪ not to accept applications and can delay processing them if         restart auto-rebalancing.
  we believe that’s in the best interests of members or if required
  by the law (see ‘Suspension of applications, switches and           Withdrawals
  withdrawals’ on page 54 for further information)                    Provided you have satisfied a ‘condition of release’ under the
                                                                      law (see ‘Accessing your superannuation benefit’ on page 13
▪ to accept transactions in our Sydney office up to 5.00pm on
                                                                      for details), you can withdraw all or part of your investment in
  30 June only (or the preceding Friday should 30 June fall on a
                                                                      the Fund.
  weekend).
                                                                      All written withdrawal requests must be signed by you or your
Switches                                                              authorised signatory.
You can switch all or part of your investment in an Investment
                                                                      If our Sydney office receives and accepts your withdrawal request
Option into another Investment Option(s) at any time.
                                                                      by 3.00pm on any asset valuation date (see ‘How units are priced
Generally, if our Sydney office receives and accepts your switch      and investments are valued’ on page 50 for further information),
request (including those made via Online Account Access)              your withdrawal will be processed using that day’s exit price.
by 3.00pm on any asset valuation date (see ‘How units are             If received and accepted after 3.00pm it will be processed
priced and investments are valued’ on page 50 for further             using the next calculated exit price. If it’s a non-working day for
information), your switch will be processed using that day’s exit     Perpetual in Sydney, your withdrawal will be processed using the
and entry prices. If received and accepted after 3.00pm it will be    next available exit price.
processed using the next calculated exit and entry prices. If it’s
                                                                      For current exit prices, visit our website or contact us.
a non-working day for Perpetual in Sydney, your switch will be
processed using the next available unit prices.                       Generally your withdrawal proceeds can be:

For current entry and exit prices, visit our website or contact us.   ▪ deposited into a nominated Australian bank, building society or
                                                                        credit union account
We have the right to delay processing of switches where we
believe that’s in the best interests of members, as well as impose    ▪ paid to you by cheque or
additional conditions (see ‘Suspension of applications, switches
and withdrawals’ on page 54 for further information).                 ▪ rolled over to another complying superannuation or pension
                                                                        fund.
All switches involve a withdrawal of money from one Investment
Option at its exit price and an investment in another Investment      For your protection, withdrawals will not be paid in cash. We will
Option at its entry price. Consequently, there may be a cost          confirm all withdrawals in writing.
to members due to the buy/sell spreads on unit prices (see
                                                                      Withdrawal proceeds that are paid directly into your nominated
‘Transaction costs’ on page 25 for further information).
                                                                      account or by cheque are subject to clearance by your bank,
                                                                      building society or credit union from the date of deposit into your
                                                                      account.



                                                                                                               Perpetual Select Super Plan 31
The proceeds from your withdrawal will usually be available            Conditions of use
within 10 business days from when we have processed the                To be able to use Online Account Access, you must accept the
request, given normal operating conditions. We will make               conditions of use (which form part of this PDS and are publicly
every reasonable effort to pay your withdrawal within 30 days          available at our website (see ‘Incorporation by reference’ on
of receiving a valid withdrawal request. However, there may be         page 54 for details) or can be obtained free of charge by
delays in processing withdrawal requests lodged around                 contacting us) and change the temporary password we’ve
30 June.                                                               provided to a password of your choice when you first login to
                                                                       Online Account Access.
We can delay processing withdrawal requests in certain
circumstances (see ‘Suspension of applications, switches and           Access by authorised representatives
withdrawals’ on page 54 for more information).                         If you appoint an authorised representative, you can request us
                                                                       to issue them with a unique Login ID and temporary password for
Fax withdrawal facility                                                Online Account Access and specify their level of online access to
We currently accept withdrawal requests by fax, provided we            either:
have no reason to believe the request isn’t genuine. However, for
your protection, we won’t accept fax requests for:                     ▪ view your account only or

▪ cheques to be sent to a third party address or                       ▪ view and transact on your account (default access).

▪ deposits to accounts that have not been previously nominated         Access by your adviser
  by the member by mail.                                               We’ll also give your adviser access to view details about your
                                                                       investment and transact online on your behalf unless you ask us
Conditions apply to the fax withdrawal facility (see ‘Other
                                                                       not to.
conditions’ on page 54 for details).

                                                                       Interest earned on application and
Authorised representative
                                                                       withdrawal accounts
You can appoint a person, partnership or company as your
                                                                       Application money and withdrawal proceeds are held in trust
authorised representative by nominating them on your application
                                                                       accounts prior to being processed. A member of the Perpetual
form and having them sign the relevant section. Your authorised
                                                                       Group retains any interest earned on these accounts.
representative will be empowered to act on your behalf in all
matters relating to your investment in the Super Plan.

Conditions apply to the appointment of an authorised
representative, as set out under ‘Other conditions’ on page 54.


Online Account Access
Online Account Access via our website provides easy and
convenient online access for you to:

▪ check the total value of your investment in the Super Plan

▪ view your account summary, including the Investment Option(s)
  you are invested in, the number of units, unit price and current
  balance of the Investment Option(s)

▪ review your recent transaction history

▪ check your contact details

▪ restructure your investment by switching between Investment
  Options.

You can also elect to receive email notification of new account
correspondence (including any notification we are required to
provide under the Corporations Act) as it becomes available, so
that you can then receive it online (although there may be times
when we must also send online correspondence to you in paper
form). For security reasons, this email won’t include any of your
confidential information, nor will it provide a link to our website.

Unless you indicate otherwise on your application form, we’ll mail
you a Login ID and temporary password (separately for security
reasons) together with activation instructions.



32
Insurance cover
Taking out insurance cover through your Super Plan can be a           Insurance cover when you cease employment
tax-effective way of providing financial security to you and your     If you are under age 65 (for death cover) or under age 60 (for
family should you die or become disabled.                             TPD cover), have not been paid or eligible to be paid a TPD
                                                                      benefit and you subsequently cease working for the participating
The Super Plan offers members insurance cover for:                    employer other than as a result of sickness or injury but remain
                                                                      a member of the Super Plan, you will be able to continue your
▪ death only
                                                                      cover as an individual member. Your insured amount will remain
▪ Total and Permanent Disablement (TPD) only                          fixed for the value of your default cover as at the date of the
                                                                      transfer.
▪ death and TPD
                                                                      Your premiums will be calculated using the same premium rates
▪ salary continuance.                                                 and your new occupational category. If you don’t advise your new
                                                                      occupation category, then a light blue collar loading will apply to
Automatic insurance cover for employer ‘default fund’                 your premiums.
members
If you are a member of a participating employer who has               Any specific conditions that apply to your voluntary cover,
nominated the Super Plan as their ‘default fund’ under the choice     including loadings or exclusions, will continue to apply as an
of fund legislation, you will automatically receive death and TPD     individual member.
cover for the amount shown in the table below upon joining the
Super Plan.                                                           Commencement of cover for ‘default fund’ members
                                                                      If you join the Fund as a ‘default fund’ member within 120 days
These amounts of cover have been designed by the Trustee              of commencing employment with a participating employer,
to provide a base level of cover after considering the likely         your cover will automatically commence on the day you join the
liabilities and average account balances of members within the        Fund with that participating employer, subject to you meeting all
age ranges, balanced by the costs of insurance premiums to            eligibility conditions and being at work (see definition below) on
members.                                                              the date cover commences.

                                                                      If you are not at work on the date cover is due to commence,
Levels of automatic insurance cover for employer ‘default             terminal illness cover (under your death cover) and TPD cover will
fund’ members                                                         be provided as new events cover (see definition below) until you
 Age next birthday      Level of automatic death and TPD cover        are at work for one day, at which time full cover will apply.

 20 to 35                               $100,000                      If you join the Fund as a ‘default fund’ member outside of 120
                                                                      days of commencing employment with a participating employer,
 36 to 40                               $230,000
                                                                      you will be subject to new events cover for 12 months provided
 41 to 45                               $200,000                      you meet all other eligibility conditions.

 46 to 50                               $150,000                      Full cover will apply 12 months after the date cover commenced
                                                                      provided you satisfy the at work provision for one day after the
 51 to 56                                $75,000
                                                                      end of the 12 month period. If you are not at work at the end of
 57 and over                                Nil                       the 12 month period, then new events cover for death and TPD
                                                                      will continue to apply until you satisfy the at work provision for
In this case, your level of insurance will change as you move         one day, at which time full cover will apply.
through the age ranges, ceasing altogether when you turn age
56 (or earlier in the other circumstances detailed in ‘Cessation of
cover’ on page 38)

If you are a member receiving this automatic cover, you:

▪ may apply for additional insurance cover (see below)

▪ should write to the Trustee if you wish to reduce or cancel it.




                                                                                                              Perpetual Select Super Plan 33
Additional cover                                                      Insurance summary
Where you apply and are accepted for cover over and above the
                                                                      The following table provides a summary of the various insurance
levels of automatic insurance cover, this additional amount will
                                                                      options available to Super Plan members. Additional information,
remain unchanged whilst the level of automatic insurance cover
                                                                      including various definitions and insurance premium rates, is
will vary with your age.
                                                                      provided on pages 38-46.
For example, if you apply for and receive an additional $100,000
death and TPD cover at age 30, you will be covered for a total
of $200,000 death and TPD cover. As at 30 June following
your 35th birthday, your total death and TPD cover will increase
to $330,000 (that is, $230,000 default cover plus $100,000
additional cover). As at 30 June following your 40th birthday, your
total death and TPD cover will then decrease to $300,000 (that
is, $200,000 default cover plus $100,000 additional cover), and
so on.

If you join the Fund as a ‘default fund’ member within 120 days of
commencing employment with a participating employer, you will
have the opportunity to increase your level of default cover by 25
per cent within 120 days of commencing employment with that
participating employer, subject to being at work (see definition
below) on the date the increase in cover is due to commence.

If you are not at work on the date the increase in cover is due to
commence, terminal illness cover (under your death cover) and
TPD cover will be provided as new events cover (see definition
below) until you are at work for one day, at which time full cover
will apply.

Definition of ‘new events cover’
New events cover means you are only covered for claims arising
from a sickness which first became apparent or an injury which
first occurred on or after the date your cover commenced.

Definition of ‘at work’
Other than when your absence is as a result of approved leave
(for reasons other than sickness or injury), at work means:

▪ you are engaged in your normal duties, without limitation or
  restriction due to sickness or injury, and working normal hours
  on the date your cover (or increased cover, as applicable) is to
  commence

▪ you are not restricted by sickness or injury from being capable
  of performing your full and normal duties on a full-time
  basis (for at least 30 hours per week) even though actual
  employment can be on a full-time, part-time, contract or casual
  basis and

▪ you are not in receipt of and/or entitled to claim income
  support benefits from any source.

Applications for all other insurance cover
Subject to eligibility, all members (including members of a
participating employer who would like additional cover) can apply
for insurance by completing the ‘Insurance cover’ section within
the ‘Member application’ form and, if required, the separate
‘Insurance application’ form included with this PDS. In this case,
your insurance cover won’t commence until we confirm in writing
that your application has been accepted.

We recommend that you seek advice on the types and amounts
of insurance cover that are appropriate for you.



34
Insurance features for Super Plan members

 Feature                       Death cover                         TPD cover                            Salary continuance cover

 Benefit payable               A benefit will be paid if you die   A benefit will be paid to you        You can apply for agreed value
                               (or are diagnosed with a terminal   if you become totally and            or indemnity salary continuance
                               illness and have less than 12       permanently disabled.                cover.
                               months to live – see page 41 for    TPD only cover includes a            If you are disabled due to
                               further information).               limited death benefit that is        illness or injury and can’t work
                                                                   payable if you die while covered     for longer than the nominated
                                                                   and you have not been paid a         waiting period (30, 60 or 90
                                                                   TPD benefit – see ‘Maximum           days), you will be paid (as
                                                                   cover’ below for further             applicable) a monthly benefit for
                                                                   information.                         two years, five years or to age
                                                                                                        65 (as applicable):
                                                                                                        ▪ calculated on an agreed
                                                                                                          value (maximum $30,000),
                                                                                                          subject to a benefit amount at
                                                                                                          the time of application tiered
                                                                                                          as follows:
                                                                                                          – 75% of the first $33,333 of
                                                                                                            your salary per month
                                                                                                          – 50% of the next $10,000 of
                                                                                                            your salary per month or
                                                                                                        ▪ calculated on an indemnity
                                                                                                          basis, being the lesser of:
                                                                                                          – 75% of your pre-disability
                                                                                                            income (plus an optional
                                                                                                            additional 10 per cent paid
                                                                                                            directly by us into your
                                                                                                            Super Plan account) or
                                                                                                          – the amount insured or
                                                                                                          – $30,000.

 Minimum cover                 $50,000 (individual members         $50,000 (individual members          $500 monthly benefit.
                               only).                              only).

 Maximum cover                 Death – unlimited.                  $3 million.                          $30,000 monthly benefit.
                               Terminal illness – unlimited        Limited death benefit (TPD only
                               ($1.5 million for interim           cover) – $10,000.
                               accidental death cover – see
                               page 41 for further information).

 Minimum entry age             Age 15.                             Age 15.                              Age 15.

 Maximum entry age             Age 64.                             Age 64.                              Age 64.

 Available until               Age 75.                             Age 70 (for members aged over        Age 65.
                                                                   65 an ‘Activities of daily living’
                                                                   or ‘Home duties’ TPD definition,
                                                                   as applicable, will apply – see
                                                                   pages 41-42 for details).

 Employment status             Not applicable.                     See ‘Claims’ on page 37.             You must be permanently and
                                                                                                        gainfully employed for at least
                                                                                                        15 hours per week (unless
                                                                                                        you are on approved unpaid
                                                                                                        employment leave) both at
                                                                                                        the time of applying for cover
                                                                                                        and immediately prior to your
                                                                                                        disability.

 Residency status              You must be a permanent             You must be a permanent              You must be a permanent
                               resident of Australia or a holder   resident of Australia or a holder    resident of Australia or a holder
                               of a 457 visa in Australia and      of a 457 visa in Australia and       of a 457 visa in Australia and
                               eligible to work under Australian   eligible to work under Australian    eligible to work under Australian
                               law.                                law.                                 law.




                                                                                                              Perpetual Select Super Plan 35
 Feature                          Death cover                           TPD cover                             Salary continuance cover

 Other eligibility conditions     Death cover is available on a         TPD cover is available on a           Agreed value salary continuance
                                  stand-alone basis or combined         stand-alone basis or combined         cover is only available to
                                  with TPD cover for the same or        with death cover for the same or      professional, white collar and
                                  differing amounts.                    differing amounts.                    light blue collar occupation
                                                                                                              categories.

 Commencement of cover            Cover will commence from the          Cover will commence from the          Cover will commence from the
                                  date when:                            date when:                            date when:
                                  ▪ for automatic cover provided        ▪ for automatic cover provided        ▪ both the Trustee and insurer
                                    to employer ‘default fund’            to employer ‘default fund’            agree to accept your cover
                                    members – you join the Super          members – you join the Super          on standard terms and
                                    Plan                                  Plan                                  conditions (including premium
                                  ▪ for all other cover:                ▪ for all other cover:                  rates) or
                                    – both the Trustee and insurer        – both the Trustee and insurer      ▪ the insurer receives your
                                      agree to accept your                  agree to accept your                written acceptance of any
                                      cover on standard terms               cover on standard terms             special acceptance terms (in
                                      and conditions (including             and conditions (including           which case you will be notified
                                      premium rates) or                     premium rates) or                   in writing of the date your
                                                                                                                cover commences).
                                    – the insurer receives your           – the insurer receives your
                                      written acceptance of any             written acceptance of any
                                      special acceptance terms              special acceptance terms
                                      (in which case you will be            (in which case you will be
                                      notified in writing of the date       notified in writing of the date
                                      your cover commences).                your cover commences).

 Interim insurance cover          You will be covered for               You will be covered for               You will be covered for
                                  accidental death (see page            accidental TPD (see page 41           accidental disability (see page
                                  41 for definition) from the           for definition) from the date         42 for definition) from the
                                  date the insurer receives your        the insurer receives your             date the insurer receives your
                                  fully completed insurance             fully completed insurance             fully completed insurance
                                  application:                          application:                          application:
                                  ▪ for the lesser of the amount of     ▪ for the lesser of the amount        ▪ for the lesser of the amount of
                                    death cover you have applied          of death and TPD cover you            cover you have applied for or
                                    for or $1.5 million and               have applied for or $1.5 million      $15,000 per month and
                                  ▪ until the earlier of the date         and                                 ▪ until the earlier of the date
                                    when your application is            ▪ until the earlier of the date         when your application is
                                    accepted or declined by the           when your application is              accepted or declined by the
                                    insurer, withdrawn by you or          accepted or declined by the           insurer, withdrawn by you or
                                    the expiration of 90 days.            insurer, withdrawn by you or          the expiration of 90 days.
                                                                          the expiration of 90 days.

 Transfer of existing insurance   If you are insured under another      If you are insured under another      If you are insured under another
 cover                            fund or policy, you may be            fund or policy, you may be            fund or policy, you may be
                                  able to transfer your cover to        able to transfer your cover to        able to transfer your cover to
                                  the Super Plan (conditions            the Super Plan (conditions            the Super Plan (conditions
                                  apply – see page 39 for further       apply – see page 39 for further       apply – see page 39 for further
                                  information).                         information).                         information).

 Life stage event option          You can apply to increase your        You can apply to increase your        Not applicable.
                                  existing death cover without          existing TPD cover without
                                  underwriting upon certain             underwriting upon certain
                                  personal or business events           personal or business events
                                  (see page 39 for life stage event     (see page 39 for life stage event
                                  details, limits and conditions).      details, limits and conditions).

 World-wide cover                 You are generally covered 24          You are generally covered 24          You are generally covered 24
                                  hours a day and may travel or         hours a day and may travel or         hours a day and may travel or
                                  work in any part of the world.        work in any part of the world.        work in any part of the world.

 Benefit indexation               Automatic indexation annually         Automatic indexation annually         Automatic indexation annually by
                                  by the lower of 5% and CPI            by the lower of 5% and CPI            the lower of 5% and CPI.
                                  (individual members only).            (individual members only).

 Claims indexation                Not applicable.                       Not applicable.                       Your benefit will increase
                                                                                                              annually by the lower of 5% and
                                                                                                              CPI whilst you are on claim.




36
Feature                          Death cover                          TPD cover                             Salary continuance cover

Rehabilitation expense           Not applicable.                      Not applicable.                       An additional benefit may be
reimbursement                                                                                               payable to cover the cost of
                                                                                                            rehabilitation if the insurer
                                                                                                            determines that your potential to
                                                                                                            return to gainful employment will
                                                                                                            be assisted. The rehabilitation
                                                                                                            expenses must be pre-approved
                                                                                                            by the insurer and will be up
                                                                                                            to an amount equivalent to six
                                                                                                            monthly benefit payments.

Claims                                                                The TPD definition that applies       ▪ Agreed value benefit – the
                                                                      to you will generally depend on         insurer will assess your
                                                                      your employment status during           claim based on your salary
                                                                      the three months immediately            details provided at the time
                                                                      before the cause of any TPD             you applied for cover. This is
                                                                      claim (see page 41 for TPD              regardless of whether your
                                                                      definitions).                           salary is lower at the time of
                                                                                                              your claim.
                                                                                                            ▪ Indemnity benefit – the
                                                                                                              insurer will assess your claim
                                                                                                              based on your pre-disability
                                                                                                              income at the time of your
                                                                                                              claim (see page 43 for the
                                                                                                              definition of pre-disability
                                                                                                              income).

Limitations and exclusions –     No death benefit will be payable     No TPD benefit will be payable        No salary continuance benefits
all members                      by the insurer if a claim arises     by the insurer if a claim arises      will be payable by the insurer if
                                 wholly or partly, directly or        wholly or partly, directly or         a claim arises wholly or partly,
                                 indirectly from:                     indirectly from:                      directly or indirectly from:
                                 ▪ death caused by any                ▪ any deliberate, self-inflicted      ▪ any deliberate, self-inflicted
                                   intentional, self inflicted act      injury or sickness or                 injury or attempted suicide or
                                   whether sane or insane               attempted suicide or self-            self-destruction while sane or
                                   within 13 months of cover            destruction while sane or             insane
                                   commencing or increasing             insane (applicable to voluntary     ▪ uncomplicated pregnancy,
                                   cover (applicable to voluntary       cover only)                           childbirth or miscarriage
                                   cover only)                        ▪ declared or undeclared war or       ▪ active service in the armed
                                 ▪ declared or undeclared war or        any act of war                        forces of any country or
                                   any act of war                     ▪ active service in the armed           international organisation
                                 ▪ active service in the armed          forces of any country or            ▪ declared or undeclared war or
                                   forces of any country or             international organisation.           any act of war.
                                   international organisation.        No interim TPD benefit will be        No iterim accidental disability
                                 No interim death benefit will        payable if TPD is caused directly     benefit will be payable if
                                 be payable if death is caused        or indirectly by engaging in          disablement is caused directly
                                 directly or indirectly by engaging   any pursuit or pastime that the       or indirectly by engaging in
                                 in any pursuit or pastime that the   insurer would normally exclude        any pursuit or pastime that the
                                 insurer would normally exclude       from cover.                           insurer would normally exclude
                                 from cover.                                                                from cover.

Additional limitations and       If you join the Fund outside         If you join the Fund outside          Not applicable.
exclusions – employer ‘default   of 120 days of commencing            of 120 days of commencing
fund’ members                    employment with a participating      employment with a participating
                                 employer, no death benefit will      employer, no TPD benefit will be
                                 be payable for new events cover      payable for new events cover
                                 during the 12 months from the        during the 12 months from the
                                 date cover commences where           date cover commences where
                                 your death is a result of suicide    your TPD is a result of attempted
                                 or terminal illness that had been    suicide, intentional self-inflicted
                                 diagnosed as at the date the         injury or infection.
                                 cover commenced.




                                                                                                                   Perpetual Select Super Plan 37
 Feature                             Death cover                          TPD cover                            Salary continuance cover

 Cessation of cover                  Cover will cease on the earliest     Cover will cease on the earliest     Cover will cease on the earliest
                                     of:                                  of:                                  of:
                                     ▪ your 56th birthday (only for       ▪ your 56th birthday (only for       ▪ your 65th birthday
                                       any automatic cover provided         any automatic cover provided       ▪ the date you die
                                       to employer ‘default fund’           to employer ‘default fund’
                                                                                                               ▪ 60 days after the date when
                                       members)                             members)
                                                                                                                 insurance premium payments
                                     ▪ your 75th birthday                 ▪ your 70th birthday                   cease because your account
                                     ▪ the date you die                   ▪ the date you die                     balance is insufficient to cover
                                     ▪ 60 days after the date when        ▪ 60 days after the date when          monthly premiums or for any
                                       insurance premium payments           insurance premium payments           other reason
                                       cease because your account           cease because your account         ▪ the date you cease to be a
                                       balance is insufficient to cover     balance is insufficient to cover     member of the Super Plan
                                       monthly premiums or for any          monthly premiums or for any        ▪ termination of the insurance
                                       other reason                         other reason                         policy agreement between the
                                     ▪ the date a death or TPD            ▪ the date a death or TPD              Trustee and the insurer
                                       benefit is paid or becomes           benefit is paid or becomes         ▪ 12 months after you become
                                       payable                              payable                              unemployed, other than as
                                     ▪ the date a terminal illness        ▪ the date a terminal illness          a result of sickness or injury,
                                       benefit is paid                      benefit is paid                      otherwise the date you are no
                                     ▪ 60 days after the date you         ▪ the date you cease to be a           longer gainfully employed for
                                       cease to be a member of the          member of the Super Plan             at least 15 hours per week in
                                       Super Plan                                                                each and every normal week
                                                                          ▪ termination of the insurance
                                     ▪ the date you effect a                policy agreement between the       ▪ if you are on unpaid leave
                                       continuation option with the         Trustee and the insurer              from employment and you
                                       insurer                                                                   do not return to work on the
                                                                          ▪ the date you or Perpetual
                                                                                                                 agreed date, 30 days after
                                     ▪ termination of the insurance         cancels the cover in writing.
                                                                                                                 this date
                                       policy agreement between the
                                       Trustee and the insurer                                                 ▪ the date you or Perpetual
                                                                                                                 cancels the cover in writing.
                                     ▪ the date you or Perpetual
                                       cancels the cover in writing.

 Continuation of cover               If you are under age 60 you can      Not applicable.                      Not applicable.
                                     apply to continue your death
                                     cover within 60 days of leaving
                                     the Super Plan (conditions
                                     apply).


Additional insurance information                                           had not occurred, your claim may not be payable and your cover
                                                                           may be terminated or the sum insured reduced.
The insurer
The insurance cover constitutes a benefit provided under the               Short-form personal statement
Super Plan and is provided to the Trustee by AIA Australia Limited         The amount and type of information that the insurer will require
(the insurer) trading as AIA Australia (ABN 79 004 837 861,                will depend on your age and the type(s) and amount(s) of cover
AFSL 230043). As at the issue date of this PDS, the parent                 you are seeking. A short-form personal statement with no
company of the AIA Group has agreed to sell the AIA Group to               other medical evidence is available if you are under age 55 and
Prudential plc.                                                            applying for:
Your insurance benefits are subject to the Fund’s Trust Deed
                                                                           ▪ death only cover up to $1 million
and the insurer’s Policy Document, the main features of which
are described in this PDS. You can obtain a copy of the detailed           ▪ TPD only or death and TPD cover up to $1 million
Policy Document by contacting us. If any of the main features
change, we will notify you in writing.                                     ▪ indemnity salary continuance cover up to $8,000 per month,

Your duty of disclosure                                                    provided you are able to answer ‘no’ to all ‘yes/no’ questions
You have a duty to disclose every matter that you know, or could           within the ‘Insurance cover’ section of the ‘Member application’
be expected to know, that is relevant to the insurer’s decision            form.
whether to accept the risk of the insurance and, if so, on what
terms. You have the same duty to disclose those matters to                 Medical evidence
the insurer before you extend, vary or reinstate a contract of             Medical evidence will be required if you apply for cover that
life insurance.                                                            exceeds relevant dollar limits. Full details of the medical evidence
                                                                           required for various levels and types of cover, which form part
If you don’t comply with the duty of disclosure and the insurer            of the PDS, are available at our website (see ‘Incorporation by
would not have entered into the contract, or agreed to its                 reference’ on page 54 for details) and may also be obtained
extension, variation or reinstatement on any terms if the failure          without charge by contacting us.


38
Transfer of existing insurance cover                                  Life stage event option
If you are currently insured under another fund or policy, you may    This option enables you to increase your death only, TPD only or
transfer your existing cover to the Super Plan or increase your       death and TPD cover up to certain limits without providing further
cover under the Super Plan subject to the following conditions:       medical evidence when one of the life stage events listed in the
                                                                      table occurs.
▪ you must be eligible for cover under the Super Plan
                                                                      The following conditions apply to increases in death or TPD cover
▪ you are under age 65 next birthday at the date of transfer          under this option:

▪ a maximum of $1 million death only, TPD only or death and           ▪ you must be under age 65 at the time of applying
  TPD cover and a maximum of $10,000 per month salary
  continuance cover can be transferred                                ▪ satisfactory proof of the personal or business event (eg
                                                                        marriage certificate, birth certificate, mortgage documentation,
▪ cover in the other fund or policy must be cancelled on                etc) must be provided to the insurer for consideration
  acceptance of the transfer of cover to the Super Plan
                                                                      ▪ the request for the increase and supply of documentation must
▪ you don’t continue the cover under another insurance                  occur within 60 days of the life stage event occurring
  arrangement
                                                                      ▪ applications for more than one event per year are allowed,
▪ you have not received or be eligible to receive a TPD benefit         subject to overall increases not exceeding $200,000 in any
  from any other fund or insurance company (only applies to             12 month period
  transfers of death only or death and TPD cover)
                                                                      ▪ total increases made under this option cannot exceed $1
▪ you are not terminally ill with a life expectancy of less than        million over the duration of your cover
  12 months
                                                                      ▪ your existing cover must be on standard terms without any
▪ you are physically capable of undertaking gainful employment          special exclusions, restrictions or premium loadings
  for at least 30 hours per week
                                                                      ▪ if you die or become disabled within six months after being
▪ the other fund or policy has a maximum loading of 100 per             provided an increase under this provision, the increased death
  cent or no more than two exclusions                                   or TPD cover amount will only be paid if death or disablement
                                                                        occurs as a result of an accident or sickness that occurred on
▪ you must provide us with a copy of:
                                                                        or after the date increased cover commenced
  – your most recent member statement if insurance was
                                                                      ▪ no benefit will be payable on the increased insured amount if
    provided under automatic acceptance conditions or
                                                                        the claim is caused as a result of an intentional, self-inflicted
  – the acceptance advice and your most recent member                   act, whether sane or insane, within 13 months from the date of
    statement/renewal certificate where cover was obtained              any increase under this option
    through underwriting
                                                                      ▪ if you are not at work on the date that the insurer accepts an
▪ your cover under the Super Plan will be based on the terms,           increase under this provision, the increased death or TPD
  conditions, premiums and occupation categories provided in            cover amount will only be paid if death or disablement occurs
  the Super Plan                                                        as a result of an accident or sickness that occurred on or after
                                                                        the date increased cover commenced (this will apply until you
▪ if your cover in the other fund or policy was accepted on             return to work for one day, at which time full cover will apply)
  non-standard terms, all loadings, restrictions or exclusions
  applicable under the other fund or policy with continue to apply    ▪ you must not have made a claim or be eligible to make a claim
  under your Super Plan cover.                                          under the Super Plan or with any other insurer.

To request a transfer of existing cover, you will need to complete
the ‘Insurance transfer’ form available in the forms section of our
website. Your replacement cover will not commence in the Super
Plan until the insurer accepts your application and the existing
insurance in the other fund or policy is cancelled.




                                                                                                              Perpetual Select Super Plan 39
Life stage events and cover increase limits                            ▪ you must meet all other eligibility conditions at the time of your
                                                                         claim
 Life stage event                   Death/TPD increase limit

 Personal events                    The lesser of:
                                                                       ▪ your occupation type is considered professional, white collar or
                                                                         light blue collar at the time of applying for cover.
 ▪ marriage or divorce              ▪ 25% of your current sum
 ▪ turning age 30                     insured or
                                                                       Salary continuance offsets
 ▪ the birth or adoption of a       ▪ $200,000.
                                                                       Any salary continuance benefits that are paid to you may be
   child
                                                                       reduced by any amount which you receive from:
 ▪ your child turning age 12 or
   commencing at a private                                             ▪ workers’ compensation
   school
 ▪ a salary increase of more                                           ▪ motor accident legislation
   than $10,000 per annum if
   you are not self employed                                           ▪ social security
 ▪ attaining five years’
   membership of the Super                                             ▪ any other legislation
   Plan with death/TPD cover
   held continuously over that                                         ▪ other salary continuance benefits from any insurer
   time.
                                                                       ▪ any paid sick leave
 Other personal event               The lesser of:
 Taking out or increasing a first   ▪ 50% of your current sum          ▪ ongoing payments from an employer
 mortgage over your principal         insured
 place of residence with a          ▪ the amount of your first         ▪ other ongoing income generated from ownership in a business
 registered mortgage provider.        mortgage or the amount             or practice which was allowable as insurable income when you
                                      of the increase of your first      applied for cover.
                                      mortgage (as applicable) or
                                    ▪ $200,000.                        Making a claim
 Business event                     The lesser of:
                                                                       You or your representative must notify the Trustee in writing
                                                                       as soon as possible after you become aware of any claim or
 You are a key person in a          ▪ 25% of your current sum
 business (working partner,           insured                          potential claim.
 director or significant            ▪ the increase in the value of
 shareholder) and your value                                           You or your representative must provide any information the
                                      your financial interest in the
 or financial interest in the         business or the value of the     Trustee or insurer may reasonably require. For any TPD or
 business (averaged over the          business (as appropriate)        salary continuance claims, you may also be required to undergo
 last three years) has increased.     averaged over the last three     medical examinations to properly assess the claim. If you are
                                      years or                         overseas at the time, you may be required to return to Australia
                                    ▪ $200,000.                        (at your expense) for assessment of the claim.

                                                                       Receiving an insurance benefit
Salary continuance benefit types
                                                                       Death
Subject to eligibility you can apply to be insured for a salary
                                                                       If you die while covered under the Super Plan, your death benefit
continuance benefit for an agreed value or on an indemnity
                                                                       will generally be paid according to your death benefit nomination
basis. The main difference between these two types of benefits
                                                                       (see ‘Death benefits’ on page 52 for further information).
is what the insurer will pay you if your earnings have reduced
since taking out your insurance cover. Under the agreed value          Total and permanent disablement
benefit type, the insurer will not reduce the amount you are           In the case of total and permanent disablement while you have
paid when you become disabled because your salary has been             TPD cover, your claim will be assessed by the insurer against
reduced since applying for cover, provided your income details         the Policy Document and by the Trustee against the Policy
were correctly disclosed at the time of application. Under the         Document, Trust Deed and superannuation law before any TPD
indemnity benefit type, if your income has reduced since applying      benefits are paid.
for cover the insurer may reduce the amount you are paid when
you become disabled.                                                   Total or partial disability
                                                                       In the case of total or partial disability while you have salary
The following additional conditions apply for an agreed value
                                                                       continuance cover, your claim will be assessed by the insurer
benefit:
                                                                       against the Policy Document and by the Trustee against the
▪ satisfactory financial evidence must be supplied to the insurer      Policy Document, Trust Deed and superannuation law before any
  for consideration at the time of applying for cover                  salary continuance benefits are paid. Salary continuance benefits
                                                                       are taxed as income when paid to a member (see ‘Tax on salary
▪ an additional premium cost of 20 per cent of the relevant            continuance benefits’ on page 48).
  occupation rate loading




40
The benefit you receive will depend on whether you have an            or
agreed value or indemnity benefit type. If you have an agreed
value benefit type you will receive a pre-determined amount of        2.   as a result of injury, sickness or disease:
monthly benefit. If you have an indemnity benefit type you will
                                                                           ▪ have not performed any work for an uninterrupted period
have your income assessed at the time of your claim.
                                                                             of at least six consecutive months solely due to the same
If you receive a salary continuance benefit, you must maintain               injury, sickness or disease and
a Super Plan account. If you don’t meet this requirement,
                                                                           ▪ are attending and following the advice of a registered
any superannuation component forming part of your salary
                                                                             medical practitioner and have undergone all reasonable
continuance benefit will no longer be payable.
                                                                             and usual treatment, including rehabilitation for the injury,
                                                                             sickness or disease and
Definitions
The following definitions will apply to insured members.                   ▪ after considering all of the medical and other evidence
                                                                             the insurer may require, have become, in the insurer’s
For death cover
                                                                             opinion, incapacitated to such an extent that you are
Accidental death                                                             unlikely ever to be able to engage in your own occupation
Death by accident means death directly and independently                     or any occupation for which you are reasonably suited by
of any other cause from an unforeseen and unintended                         education, training or experience.
accident happening to you and caused by violent, external
and visible means.                                                    Activities of daily living TPD definition
                                                                      If you were not working or working on average less than 15 hours
Terminal illness                                                      per week in the three months before the cause of a claim (unless
You will be considered terminally ill if:                             you are on approved unpaid leave or maternity/paternity leave for
                                                                      up to 12 consecutive months) or over age 65 immediately prior to
▪ in the insurer’s opinion, formed reasonably in good faith and in
                                                                      disablement, TPD means that you:
  light of all available medical evidence, you are expected to die
  within 12 months regardless of any treatment undertaken             1.   have suffered the total and irrecoverable loss of the:

▪ a registered specialist medical practitioner certifies in writing        ▪ sight of both eyes
  that, despite reasonable medical treatment, you are expected
  to die within 12 months of the date of certification and                 ▪ use of two limbs (whole hand or whole foot) or

▪ you were diagnosed as terminally ill both while death cover was          ▪ sight of one eye and use of one limb
  effective and when the claim is lodged.
                                                                      or
For TPD cover
                                                                      2.   have been, for a period of six consecutive months after the
Please note that we can’t pay you a benefit in these
                                                                           occurrence of an injury, sickness or disease, continuously,
circumstances unless you also satisfy a condition of release
                                                                           totally and permanently unable to perform at least two of the
under superannuation law (see ‘Accessing your superannuation
                                                                           following activities of daily living as certified by a registered
benefit’ on page 13 for further information).
                                                                           medical practitioner appointed by the insurer:
Accidental TPD
                                                                           ▪ bathing – the ability to wash yourself either in the bath or
TPD by accident means total and permanent disablement directly
                                                                             shower or by sponge bath without the standby assistance
and independently of any other cause from an unforeseen and
                                                                             of another person
unintended accident happening to you and caused by violent,
external and visible means.                                                ▪ dressing – the ability to put on and take off all garments
                                                                             and medically necessary braces or artificial limbs usually
Standard TPD definition                                                      worn, and to fasten and unfasten them without the
If you were working on average 15 hours or more per week in                  standby assistance of another person
the three months before the cause of a claim (or on approved
unpaid leave or maternity/paternity leave for up to 12 consecutive         ▪ eating – the ability to feed yourself once food has been
months) and under age 65 immediately prior to disablement, TPD               prepared and made available, without the standby
means that you:                                                              assistance of another person

1.   have suffered the total and irrecoverable loss of the:                ▪ toileting – the ability to get to and from and on and off the
                                                                             toilet without the standby assistance of another person
     ▪ sight of both eyes                                                    and the ability to manage bowel and bladder functions
                                                                             through the use of protective undergarments or surgical
     ▪ use of two limbs (whole hand or whole foot) or
                                                                             appliances (if appropriate)
     ▪ sight of one eye and use of one limb
                                                                           ▪ transferring – the ability to move in and out of a chair
                                                                             without the assistance of another person.




                                                                                                                Perpetual Select Super Plan 41
Home duties TPD definition                                               An important duty is defined as involving 20 per cent or more of
If you are not working and you are engaged in full-time home             overall occupational tasks responsible for generating at least 20
duties immediately prior to disablement, TPD means that you              per cent of your pre-disability income (see definition below).
(for a period of six consecutive months after the occurrence
of the injury, sickness or disease) are continuously, totally and        If you are unemployed immediately preceding the occurrence
permanently disabled to such an extent that your disability              of an event giving rise to a claim, then total disability means
confines you either to the home under medical supervision or             disablement resulting solely from injury or sickness, which results
to a medical institution and you are unable to perform at least          in you:
three of the following activities as certified by a registered medical
                                                                         1.   being unable to perform any occupation for which you are
practitioner:
                                                                              reasonably suited by education, training or experience
▪ bathing – the ability to wash yourself either in the bath or
  shower or by sponge bath without the standby assistance of             2.   remaining under the regular care and attendance of a
  another person                                                              registered medical practitioner and are following the advice
                                                                              of that registered medical practitioner in relation to that injury
▪ dressing – the ability to put on and take off all garments and              or sickness and
  medically necessary braces or artificial limbs usually worn, and
  to fasten and unfasten them without the standby assistance of          3.   not engaging in any occupation, whether paid or unpaid.
  another person
                                                                         No benefit will be payable during any periods of unemployment
▪ eating – the ability to feed yourself once food has been               for any period of disability resulting directly or indirectly from
  prepared and made available, without the standby assistance            any mental health disorder, including but not limited to, anxiety
  of another person                                                      disorder, depressive disorders, stress, fatigue, drug or alcohol
▪ toileting – the ability to get to and from and on and off the          abuse, behavioural disorders, their treatment or related
  toilet without the standby assistance of another person and            complications.
  the ability to manage bowel and bladder functions through
                                                                         Partial disability
  the use of protective undergarments or surgical appliances (if
                                                                         Partial disability means following a period of total disability for at
  appropriate)
                                                                         least 14 consecutive days, and solely due to that same sickness
▪ general household duties – the ability to perform day-to-day           or injury, after the waiting period has been served, you:
  household duties without the standby assistance of another
  person                                                                 1.   are unable to perform one or more duties of your usual
                                                                              occupation
▪ shopping – the ability to leave the home, by any means, and to
  undertake day-to-day shopping without the standby assistance           2.   are earning an income less than your pre-disability income
  of another person                                                           and

▪ climbing stairs – the ability to climb stairs without the standby      3.   remain under the regular care and attendance, and following
  assistance of another person, without holding a banister and                the advice, of a registered medical practitioner in relation to
  without taking a rest – all within a reasonable period of time.             that sickness or injury.

For salary continuance cover                                             A benefit paid for partial disability will be reduced proportionately
Accidental disability                                                    to the benefit paid for total disability. It is based on a formula that
Accidental disability means total disability or partial disability       takes your pre-disability income into consideration regardless of
caused directly and independently of any other cause from an             whether your benefit is agreed or indemnity value.
unforeseen and unintended accident happening to you and
caused by violent, external and visible means.                           Recurrent disability
                                                                         If you have returned to work and you suffer a recurrence of your
Total disability                                                         disablement from the same or related causes within six months
Total disability means disablement resulting solely from sickness        of recovery or your salary continuance benefit ceasing, salary
or injury that occurs while you have salary continuance cover,           continuance payments will recommence immediately without a
which results in you:                                                    waiting period. The maximum claim period will be adjusted to
                                                                         take into account prior claim payments.
1.   being continuously unable to perform at least one important
     duty of your usual occupation necessary to producing                Salary
     income                                                              Salary or income means your basic wage or income. It
2.   remaining under the regular care and attendance, and                includes your total remuneration package, salary, fees, regular
     following the advice, of a registered medical practitioner in       commission, regular bonus, regular overtime and fringe benefits,
     relation to that sickness or injury and                             salary sacrificed super contributions but excludes mandatory
                                                                         superannuation contributions and unearned income (eg
3.   not engaging in any occupation, whether paid or unpaid.
                                                                         investment or interest income).




42
Bonuses, overtime earnings and commissions (as applicable) will       Death and/or TPD cover
be calculated based on the averages received by you from your         The following premium rate tables outline the various annual
employer over the last three years.                                   premiums payable per $1,000 of insured benefit for selected
                                                                      ages, taking into account factors 1-4 opposite. Factors 5 and 6,
If you are self-employed, a working director or partner in a          if necessary, will be assessed via a Personal Statement within
partnership, salary means the income generated by the business        the ‘Insurance application’ form. You may be required to provide
or practice due to your personal exertion or activities, less your    further details (including medical tests – see ‘Medical evidence’
share of necessary business expenses and investment income.           on page 38 for details), depending on the level of cover you are
                                                                      requesting and your age. Premium loadings may apply due to
Pre-disability income
                                                                      occupational (see below tables), health or pastime factors.
Pre-disability income means your average gross monthly income
over the 12 months immediately before becoming disabled. If you
have been working for less than 12 months, your pre-disability        Annual premiums per $1,000 sum insured
income means your average gross monthly income over your              – Death only cover
total period of employment.                                             Age next birthday           Male                  Female
                                                                               20                   0.47                   0.26
Insurance premiums
                                                                               25                   0.38                   0.23
If your sole insurance is the automatic death and TPD cover
provided to employer ‘default fund’ members, premiums payable                  30                   0.35                   0.24
for that cover will be based on:                                               35                   0.36                   0.28

1.   your gender                                                               40                   0.46                   0.34

2.   your age                                                                  45                   0.69                   0.50
                                                                               50                    1.16                  0.84
3.   your occupation
                                                                               55                   2.07                   1.44
4.   the sum insured for your age range.
                                                                               60                   3.78                   2.25
In all other circumstances, the premiums you will pay will depend
                                                                               65                    7.05                  3.95
upon the following factors:
                                                                               70                  12.98                    7.26
1.   the type(s) of cover you request
                                                                      Occupational loadings
2.   your gender
                                                                      Professional      0.90       White collar        1.00
3.   your age                                                         Light blue collar 1.30       Blue collar         1.70
                                                                      Heavy blue collar 2.00
4.   your occupation

5.   your health
                                                                      Annual premiums per $1,000 sum insured
6.   your pastimes                                                    – TPD only cover

7.   the sum insured                                                    Age next birthday           Male                  Female

8.   the waiting period before a benefit becomes payable (salary               20                   0.33                   0.30
     continuance cover only)                                                   25                   0.22                   0.21
9.   the benefit period (salary continuance cover only)                        30                   0.20                    0.18

10. whether you select a benefit that is agreed value or                       35                   0.23                   0.22
    indemnity (salary continuance cover only).                                 40                   0.37                   0.36

If you are an employer ‘default fund’ member who takes out                     45                   0.69                   0.65
additional insurance, these factors will apply only to the premiums            50                   1.36                   1.32
for your additional insurance cover above the default level of
                                                                               55                   2.88                   2.81
cover.
                                                                               60                   6.05                   5.87
Premiums are deducted proportionately across your Investment
                                                                               65                   6.47                    7.70
Options monthly in arrears.
                                                                               70                  13.93                  15.22
It is important that you ensure your investment balance
is sufficient to cover your premiums each month or your               Occupational loadings
insurance will lapse. The Trustee has no responsibility for           Professional      0.90       White collar        1.00
ensuring continuity of your insurance cover and accepts no            Light blue collar 1.75       Blue collar         3.40
responsibility if it lapses.                                          Heavy blue collar 4.00




                                                                                                             Perpetual Select Super Plan 43
Annual premiums per $1,000 sum insured
– Combined death and TPD cover

     Age next birthday             Male               Female
             20                     0.67                    0.46
             25                     0.51                    0.37
             30                     0.46                    0.36
             35                     0.50                    0.42
             40                     0.70                    0.58
             45                     1.15                    0.95
             50                     2.08                    1.75
             55                     4.05                    3.41
             60                     7.98                    6.44
             65                     9.94                    7.63
             70                    20.00                   15.34

Occupational loadings
Professional      0.90             White collar      1.00
Light blue collar 1.50             Blue collar       2.60
Heavy blue collar 3.00

Salary continuance cover
The following premium rate tables outline the various annual
premiums payable per $100 monthly benefit for selected ages,
taking into account factors 1-4 and 8-10 on page 43. Factors 5
and 6, if necessary, will be assessed via a Personal Statement
within the ‘Insurance application – standard’ form and you may
be required to provide further details (including medical tests –
see ‘Medical evidence’ on page 38 for details), depending on the
level of cover you are requesting and your age. Premium loadings
may apply due to occupational (see below tables), health or
pastime factors.

Annual premiums per $100 monthly benefit – Salary continuance cover (male)

                     Gender                                                          Male

                  Waiting period                  30 days                           60 days                    90 days
  Age next
                  Benefit period         Two        Five           To age    Two      Five    To age    Two      Five    To age
  birthday
                                        years      years             65     years    years      65     years    years      65

        20                                 6.47     8.91           11.83    2.59     3.57      4.73     1.80    2.60      3.66

        25                                 5.95     8.47           12.38    2.38     3.39      4.95     1.40     2.10     3.28

        30                                 6.25     9.29           15.12    2.50      3.72     6.05     1.28     2.01     3.50

        35                                 7.76    11.98           20.70     3.10     4.79     8.28     1.51     2.46     4.53

        40                              10.37      16.57           29.06     4.15    6.63     11.63     2.13    3.59      6.66

        45                              14.32     23.63            40.29     5.73    9.45     16.12     3.42    5.95     10.63

        50                             20.28       34.51           54.48     8.11   13.80     21.79     5.94   10.66     17.40

        55                             29.62       51.84           71.30    11.85    20.74    28.52    10.61   19.53     27.32

       60                              44.88      80.46            83.77    17.95    32.18    33.51    18.80   32.25     36.20

        65                             23.81      25.29            25.29    9.52     10.11    10.11     6.26    6.65      6.65




44
Annual premiums per $100 monthly benefit – Salary continuance cover (female)

                  Gender                                                    Female

              Waiting period                   30 days                      60 days                         90 days
  Age next
               Benefit period         Two        Five    To age      Two      Five    To age    Two           Five        To age
  birthday
                                     years      years      65       years    years      65     years         years          65

     20                               9.23      12.98     22.20      3.69     5.19     8.88     2.11           3.15         5.95

     25                               9.67      14.01     26.06      3.87     5.60    10.42    2.20           3.39          6.97

     30                              11.32      17.05     34.47      4.53     6.82    13.79    2.64           4.25          9.44

     35                             15.08      23.53      49.14      6.03     9.41    19.66     3.19          5.33         12.09

     40                             20.65      33.31      68.70      8.26   13.32     27.48    4.53            7.81        17.29

     45                             28.05      46.66      90.96     11.22   18.66     36.38     7.32         13.00        26.86

     50                              37.70     64.63     112.97     15.08   25.85     45.19    12.01         21.92        40.00

     55                             50.82      89.65     130.98     20.33   35.86     52.39    18.74         35.10         52.42

     60                             70.04      126.77    132.57     28.02    50.71    53.03    27.28          52.12       53.68

     65                             35.20       37.39     37.39     14.08    14.96    14.96     7.56          8.03          8.03


Occupational loadings
Professional      0.90          White collar      1.00
Light blue collar 1.50          Blue collar       2.25
Heavy blue collar 3.00

Loading for agreed value benefit
1.200 (see page 35 for further information)

Details of premiums for all ages, which form part of the PDS,
are available at our website (see ‘Incorporation by reference’ on
page 54 for details) and may also be obtained without charge by
contacting us or your adviser.




                                                                                                       Perpetual Select Super Plan 45
Calculating the cost of cover                                         Salary continuance cover
Death and/or TPD cover                                                For salary continuance cover, the premium payable will depend
The following examples show how premiums are calculated for           on the benefit amount you nominate and the basis of your cover
certain levels of cover.                                              (see Example 3).


     Example 1: Death only cover                                        Example 3: Benefit amount and premium
     Bruce will be age 45 next birthday and is a light blue collar      Katie will be age 40 next birthday and is a white collar worker.
     worker who would like to be insured for a benefit of $250,000      She currently earns an annual salary of $90,000 and would
     in the event of his death (death only cover). What premium         like to take out salary continuance cover in the event of a
     will he be required to pay?                                        disablement that will prevent her from working. She would like
                                                                        the benefit to be paid over five years, have a 60 day waiting
     Monthly premium:                                                   period and a 9% super contribution component. How much
     =    Premium rate2 x occupational loading2 x insured benefit       cover will she be entitled to and what premium will she be
                        12 x $1,0001                                    required to pay?

     =    $0.69 x 1.30 x $250,000                                       Monthly insured benefit:
                $12,000
                                                                        =     (75% of annual salary) + (9% super component)
     =    $18.69 per month                                                         12 months                12 months

1 Premium rates are expressed per $1,000 of the sum insured.            =     (75% x $90,000) + (9% x $90,000)
2 From insurance rate table – death only cover.                                     12               12
     Example 2: Death and TPD cover for the same or
                                                                        =     $67,500 + $8,100
     differing amounts
                                                                                12       12
     Jill will be age 40 next birthday and is a white collar worker
     who would like to be insured for a death benefit of $200,000       =     $5,625 + $675 = $6,300
     and a TPD benefit of $200,000. What premium will she be
     required to pay?                                                   Monthly premium:

     Monthly premium for $200,000 death and TPD cover:                  =     Premium rate2 x occupational loading2 x insured benefit
                                                                                            12 x $1001
     =    Premium rate2 x occupational loading2 x insured benefit
                        12 x $1,0001                                    =     $13.32 x 1.0 x $6,300
     =    $0.58 x 1.00 x $200,000                                                   $1,200
                $12,000
                                                                        =     $69.93 per month (indemnity basis)
     =    $9.67 per month
                                                                        =     $69.93 x 1.2 = $83.92 per month (agreed value basis)
     If Jill wanted to be insured for a death benefit of $250,000
     instead (as well as having a TPD benefit of $200,000), what        In this example, upon payment of a disablement claim by the
     premium will she be required to pay?                               insurer, Katie will receive:

     Monthly premium for extra $50,000 death only cover:                ▪ a monthly benefit of $5,625* (less PAYG tax) and
     =    Premium rate x occupational loading x insured benefit
                       3                         3
                                                                        ▪ a monthly amount of $675* paid by us into her Super Plan
                       12 x $1,0001
                                                                          account as a super contribution.
     =    $0.34 x 1.00 x $50,000
                                                                        *   For cover provided on an indemnity basis, the benefit payable may be
                $12,000                                                     lower if at claim time Katie is earning less than $90,000 per annum.

     =    $1.42 per month
                                                                      1 Premium rates are expressed per $100 of the monthly benefit.
     Total premium:                                                   2 From insurance rate tables.

     =    $9.67 + $1.42 per month
                                                                      Insurance commission
     =    $11.09 per month                                            Commissions are payable by the insurer to us in relation to the
                                                                      purchase of insurance on your behalf (see ‘Insurance premiums
1 Premium rates are expressed per $1,000 of the sum insured.          and commissions’ on page 26 for further information).
2 From insurance rate table – death and TPD cover
3 From insurance rate table – death only cover.




46
Tax
The tax benefits derived from investing in superannuation are          However, concessional contributions that exceed your
particular to your circumstances, so we recommend you see              concessional contribution cap (see ‘Contribution limits’ on
a tax adviser. This information is general only and shouldn’t be       page 12 for details) are effectively taxed at the top marginal tax
relied on.                                                             rate (plus Medicare levy). The ATO will assess you on the excess
                                                                       amount at 31.5 per cent and you have the option to withdraw
Super Plan                                                             from the Super Plan an amount equal to your liability to pay the
                                                                       excess contributions tax. This is in addition to the 15 per cent tax
Concessional contributions                                             paid by the Super Plan.
Concessional contributions are subject to tax at 15 per cent
within the Fund.                                                       After-tax contributions
                                                                       Any after-tax contributions that exceed your non-concessional
After-tax contributions                                                contribution cap (see ‘Contribution limits’ on page 12 for details)
After-tax contributions (also known as ‘non-concessional               are taxable at the top marginal tax rate (plus Medicare levy) and
contributions’) are not taxable within the Fund.                       you must withdraw from the Super Plan an amount equal to your
                                                                       liability to pay the excess contributions tax. To limit excessive
Tax on investment earnings
                                                                       contributions taxes, an individual after-tax contribution can
As the Super Plan is a complying superannuation fund, the
                                                                       only be accepted if it is within the relevant limit. However, you
maximum tax rate on its taxable income (including realised net
                                                                       are responsible for monitoring your total after-tax contributions
capital gains) is 15 per cent. However, the effective rate of income
                                                                       against the relevant limit.
tax is generally less due to the impact of:
                                                                       Government co-contribution
▪ concessional capital gains tax treatment for assets held for
                                                                       Members with a total income (assessable income plus reportable
  more than 12 months
                                                                       fringe benefits and reportable employer super contributions
▪ allowable deductions (see below)                                     less allowable deductions for carrying on a business, where
                                                                       applicable) of less than the relevant thresholds ($61,920 for the
▪ tax offsets (see below).                                             2009/2010 financial year) who are less than 71 years of age at
                                                                       the end of the financial year may be eligible for the Government
Allowable deductions                                                   co-contribution on personal (after-tax) contributions up to $1,000
Certain expenses incurred by the Super Plan may be claimed
                                                                       made during that year, as follows:
as tax deductions, which reduce the amount of tax payable.
For example, the Super Plan claims a deduction for the                 ▪ 100 per cent for 2009/2010, 2010/2011 and 2011/2012
management costs payable to us and apportions these back                 (maximum $1,000 co-contribution)
to members in proportion to their account balances across
various Investment Options.                                            ▪ 125 per cent for 2012/2013 and 2013/2014 (maximum $1,250
                                                                         co-contribution)
Tax offsets
                                                                       ▪ 150 per cent from 2014/2015 onwards (maximum $1,500
The Super Plan may be able to claim tax offsets, including
                                                                         co-contribution).
franking credits and a foreign income tax offset, to reduce the
amount of tax payable by the Super Plan. Excess franking credits       You can obtain further information from www.ato.gov.au.
may be refundable to the Super Plan by the ATO.
                                                                       Spouse contributions
Members                                                                A person can claim a tax offset of up to $540 per annum for
                                                                       superannuation contributions made on behalf of their low income
Concessional contributions
                                                                       or non-working eligible spouse. The tax offset is calculated as
Employers can claim a full tax deduction for all contributions
                                                                       18 per cent of contributions up to a maximum contribution of
made on behalf of their employees under age 75.
                                                                       $3,000. You can obtain further information from www.ato.gov.au.
If you are self-employed (that is, if you earn less than 10 per cent
of your assessable income plus reportable fringe benefits and          Benefits paid to members
reportable employer super contributions for a year from activities     When a superannuation benefit is received, it may include
where you would be considered an employee), you can claim a            both tax-free and taxable components, calculated in the same
full deduction for all personal superannuation contributions until     proportions as the total account balance immediately before
age 75.                                                                the payment.



                                                                                                               Perpetual Select Super Plan 47
The taxable portion of any superannuation lump sum or pension                   Death benefits paid to dependants
benefit is subject to tax depending on your age when received,                  Lump sum death benefit payments are tax-free if paid to a
as shown in the following tables.                                               dependant.

                                                                                A death benefit paid as a pension will be tax-free if either the
Tax on lump sum benefits for the 2009/2010 financial year
                                                                                primary or reversionary beneficiary is aged 60 or over. If they’re
 Component        Tax treatment                                                 both under age 60 at the time of death, the pension (less any
                                                                                tax-free amount) will continue to be taxed at the reversionary
 Tax-free  1
                  Tax-free.
                                                                                beneficiary’s marginal tax rate (plus Medicare levy) less 15 per
 Taxable   2
                  Under age 55:           Taxed at 20%3
                                                                                cent pension tax offset until the reversionary beneficiary turns
                  Aged 55-59:             First $150,000 is tax-free and        age 60, when it becomes tax-free.
                                          the balance taxed at 15%3
                  Aged 60 and over:       Tax-free                              An anti-detriment payment may also be payable if a death benefit
                                                                                is paid as a lump sum to an eligible dependant. This additional
Tax on lump sum benefits for the 2010/2011 financial year                       amount is effectively a refund of contributions tax paid by the
                                                                                deceased member and in some cases can also be passed to
 Component        Tax treatment
                                                                                eligible estates. Where applicable, this payment will form part of
 Tax-free  1
                  Tax-free.
                                                                                the death benefit.
 Taxable   2
                  Under age 55:           Taxed at 20%3
                                                                                If the death benefit is paid as a pension to a dependant child, the
                  Aged 55-59:             First $160,0004 is tax-free and
                                          the balance taxed at 15%3             balance must be paid as a (tax-free) lump sum when the child
                                                                                turns 25 (unless permanently disabled).
                  Aged 60 and over:       Tax-free

Tax on pension benefits                                                         Death benefits paid to non-dependants
                                                                                Death benefit payments to non-dependants have to be paid as
 Component        Tax treatment                                                 a lump sum benefit. The taxable component of a death benefit
 Tax-free  1
                  Tax-free.                                                     paid to a non-dependant will be taxed at 15 per cent (plus
 Taxable   2
                  Under age 55:           Taxable at marginal tax rate3         Medicare levy).

                  Aged 55-59:             Taxable at marginal tax rate3,
                                                                                Death benefits paid to your legal personal representative
                                          less 15% pension offset
                                                                                If the death benefit is paid to your legal personal representative
                  Aged 60 and over:       Tax-free
                                                                                for distribution through your estate, any tax payable will depend
1 Includes after-tax contributions and Government co-contributions from         on how the death benefit is ultimately distributed between your
  1 July 2007 (plus the former undeducted contributions, pre-July 1983
  (amount fixed as at 30 June 2007), post-June 1994 invalidity, CGT exempt
                                                                                dependants and any non-dependants.
  and concessional components).
2 Includes concessional contributions from 1 July 2007 (plus the former post-   Tax on disability super benefits
  June 1983 (taxed) and excessive components).
                                                                                A tax offset of 15 per cent is available on disability super benefits
3 Plus Medicare levy.
4 The low-rate cap was set at $160,000 for 1 July 2010 and will be indexed
                                                                                paid as a pension to members under age 60.
  in line with Average Weekly Ordinary Time Earnings (AWOTE) in $5,000
  amounts.                                                                      Tax on terminal illness benefits
                                                                                No tax is payable on benefits that are paid to you under the
Tax on departing Australia superannuation payments                              ‘terminal medical condition’ condition of release (see the
The tax payable on a DASP (see ‘Accessing your superannuation                   ‘Conditions of release for superannuation benefits’ table on
benefit’ on page 13 for further information) is:                                page 13 for details).

▪ 35 per cent for a taxed element of a taxable component                        Tax on salary continuance benefits
                                                                                PAYE tax will be deducted on any salary continuance benefits
▪ 45 per cent for an untaxed element of a taxable component.
                                                                                that are paid to you (see ‘Insurance cover’ on pages 33-46 for
                                                                                further information).
Tax on death benefits
Payment rules and the tax consequences depend on whether the
death benefit is paid to a dependant or non-dependant. A death
benefit dependant for tax purposes is a:

▪ current or former spouse1

▪ child1 under age 18

▪ person who was financially dependent on you at the time of
  your death or

▪ person who you have an ‘interdependency relationship’1 with.

1 See ‘Dependants’ under ‘Death benefits’ on page 53 for definitions.




48
Tax file number (TFN)
We’re authorised by law to collect your TFN in connection with
your investment in the Fund.

Providing your TFN is not compulsory. However:

▪ we can only accept after-tax contributions for you if you have
  quoted your TFN

▪ where your TFN hasn’t been quoted by the end of a financial
  year or prior to you leaving the Super Plan, we may be required
  to deduct additional tax at the rate of 31.5 per cent from
  concessional contributions received during the year1

▪ if we don’t have your TFN when you apply to withdraw your
  superannuation, we must deduct income tax at the highest
  marginal tax rate (plus Medicare levy) from any lump sum
  benefits paid to you2

▪ if you don’t quote your TFN to all funds, you may find it difficult
  to locate, amalgamate or access your superannuation benefits
  in future.

1 A refund of the tax paid may be available within three years of it being
  deducted if a valid TFN is subsequently provided by you or your employer.
2 If you subsequently provide us with your TFN, we will be able to refund the
  difference between the tax we deducted and the tax properly applicable
  to your lump sum benefit. After 21 July each year the law prevents us
  from refunding to you any tax that we have deducted during the previous
  financial year. After this date you’ll need to claim a credit in your income tax
  return for the tax withheld. If this isn’t appropriate, you can apply to the ATO
  for a refund.


We’ll provide your TFN to the trustee of another superannuation
fund or retirement savings account provider receiving your
transferred benefits in future, unless you ask us not to in writing.


Goods and services tax (GST)
GST of 10 per cent generally applies to the fees, costs and
expenses payable by the Fund, including management costs and
other fees payable to us.

Generally, the Fund can’t claim a credit for all of the GST paid but
may be entitled to claim a reduced input tax credit (RITC), which
represents 75 per cent of the GST applicable to management
costs and certain other expenses.

The management costs and other fees specified in the table
within ‘Fees and other costs’ on page 22 show the approximate
net cost to Super Plan members of these amounts payable to us,
on the basis that the Fund is entitled to claim RITCs for the GST
on these amounts.




                                                                                     Perpetual Select Super Plan 49
Additional information

Your cooling-off rights                                                 The net asset value is calculated by deducting the value of an
                                                                        Investment Option’s liabilities from the value of its gross assets.
As a member in the Fund, you have up to 21 days from the
day you invest where you can have your investment repaid                Investments of each Investment Option are valued at their market
(‘cooling-off period’). The cooling-off period also applies to new      value, using a calculation method that we determine according to
participating employers from the date the first employee member         the Fund’s Trust Deed. It will normally be based on the exit price
of their participating employer plan is issued with an interest in      of units in the underlying fund(s). However, if necessary, we may
the Super Plan.                                                         use a different method of valuation.
The amount repaid will be adjusted for any transaction costs and        As at the issue date of this PDS, we generally determine the
any increase or decrease in the value of your investment. Any           net asset value of each Investment Option and apply entry and
contribution fees paid will be refunded.                                exit unit prices each Wednesday but this may change to each
                                                                        business day at any time (including during the life of this PDS).
Your right to be repaid during the cooling-off period does not
apply if:
                                                                        Reporting
▪ you are switching between Investment Options
                                                                        Members of the Fund receive:
▪ you exercise any of your rights as a member of the Fund.
                                                                        ▪ membership confirmation upon acceptance of your application
Any amounts that are ‘preserved’ or ‘restricted non-preserved’
                                                                        ▪ an investment statement for individual members, generally
can’t be refunded to you if you exercise your cooling-off rights
                                                                          within seven business days of your initial investment being
unless you satisfy a ‘condition of release’ under superannuation
                                                                          accepted and processed
law. You’ll need to nominate another superannuation fund,
retirement savings account or approved deposit fund to transfer         ▪ an additional investment statement, generally within seven
the funds into. If you don’t, we’ll transfer the amount to the Fund’s     business days of any additional investment (except regular
nominated eligible rollover fund (see ‘Eligible rollover fund’ on         savings plan contributions) being accepted
page 51 for details).
                                                                        ▪ an investment restructure statement, generally within seven
If you’d like to have any ‘unrestricted non-preserved’ amount             business days of any switch request being processed
repaid, write to us stating that you want to be repaid during the
cooling-off period (please include your account number). Your           ▪ a withdrawal statement, generally within seven business days
request must reach our Sydney office before the end of the                of any partial or full withdrawal request being processed
cooling-off period.                                                       (except where a departed temporary resident’s super benefit
                                                                          has been compulsorily paid to the ATO as unclaimed super –
When we receive your request, we will send you the details about          see ‘Unclaimed super’ on page 52 for further details)
your repayment.
                                                                        ▪ an annual statement providing details of your investment in the
                                                                          Super Plan as at 30 June each year
How units are priced and investments are
valued                                                                  ▪ a Fund annual report for each financial year ending 30 June will
Unit prices for each Investment Option are calculated by:                 be available at our website (copy by mail available on request)

▪ establishing the net asset value of the Investment Option             ▪ an annual notice under section 290-170 of the Income Tax
                                                                          Assessment Act for you to complete and return if you intend to
▪ for entry unit prices – adding the applicable transaction costs         claim a tax deduction for any personal contributions made to
  (buy spread) to the net asset value and then dividing the               the Super Plan during the financial year
  adjusted net asset value by the number of units on issue to
  determine the entry unit price                                        ▪ confirmation of any other transactions that we are required to
                                                                          report on.
▪ for exit unit prices – deducting the applicable transaction costs
  (sell spread) from the net asset value and then dividing the
  adjusted net asset value by the number of units on issue to
  determine the exit unit price.




50
Inquiries and complaints                                                 Under the AML Act, we are required to:
We’re committed to providing you with the highest level of service       ▪ verify your identity before providing services to you
and the Trustee has established procedures for dealing with any
inquiries and complaints. If you have an inquiry or complaint, you       ▪ where you supply documentation relating to your identity, keep
can either phone Perpetual on 1800 003 001 during business                 a record of this documentation for seven years after the end of
hours or write to:                                                         your relationship with Perpetual.

The Manager, Service & Operations                                        To ensure we comply with our obligations under the law, we have
Perpetual Select Super Plan                                              implemented a number of measures and controls to verify your
GPO Box 4171                                                             identity and to monitor your transactions. As a result:
Sydney NSW 2001
                                                                         ▪ transactions may be delayed or refused where we require
We’ll endeavour to respond to your inquiry within 30 days and              further information regarding your identity or we have
must respond to complaints within 90 days.                                 reasonable grounds to believe that the transaction breaches
                                                                           the law or sanctions of Australia or any other country
If you’re not happy with a Trustee decision that affects you,
and your complaint has not been resolved to your satisfaction,           ▪ where transactions are delayed or refused, we are not liable for
you may have a right to lodge a complaint about the decision               any loss you suffer (including consequential loss) as a result of
with the Superannuation Complaints Tribunal (SCT). The SCT                 our compliance with the AML Act.
is an independent body established by the Commonwealth
Government to review certain types of trustee decisions. You can         We have certain reporting obligations under the AML Act and are
phone the SCT from anywhere in Australia on 1300 780 808.                prevented from informing you that any such reporting has taken
                                                                         place. Where required by law, we may disclose your information
                                                                         to regulatory or law enforcement agencies, including the
Your privacy
                                                                         Australian Transaction Reports and Analysis Centre (AUSTRAC),
Privacy laws apply to our handling of personal information. We           which is responsible for regulating the AML Act.
will not be able to process your application or administer your
investment if you do not provide us with your relevant personal          We are not liable for any loss you may suffer as a result of our
information.                                                             compliance with this legislation.

Our privacy policy, which forms part of this PDS, is publicly            Customer identification requirements are collected in the
available at our website (see ‘Incorporation by reference’ on            application forms included with this PDS. We may also require
page 54 for details) or you can obtain a copy free of charge by          additional information from you to assess your application and
contacting us.                                                           after we have accepted your investment.

Personal health information                                              Eligible rollover fund
If you apply for insurance cover, you may be required to complete
                                                                         Government regulations limit the amount and type of charges
a Personal Statement, which requires you to provide health
                                                                         that can be deducted from your account if your balance in the
information. We require your consent to collect, use or disclose
                                                                         Fund falls below $1,000.
your health and other personal information included in the
Personal Statement. The health and other personal information is         The Trustee reserves the right to transfer Super Plan accounts
collected and provided to the insurer to assess your eligibility for     of less than $1,000 to an eligible rollover fund (ERF) where the
insurance and to administer your application.                            member has not contributed to that account in the previous
                                                                         two years.
Should you make a claim for an insurance benefit, your health
and other personal information may be disclosed to the insurer,          The Trustee will pay any money required to be paid to an ERF into
medical practitioners, claims investigators, reinsurers, the             the Australian Eligible Rollover Fund (AERF). The trustee of the
insurance reference bureau and such other experts as may be              AERF is Perpetual Superannuation Limited. Contact details for
nominated by us or the insurer.                                          the AERF are as follows:

If there is any dispute about your entitlement to a disability benefit   Australian Eligible Rollover Fund
or any insurance related claim, your health and other personal           Locked Bag 5429
information may be disclosed to legal and other advisers.                Parramatta NSW 2124

Anti-Money Laundering/                                                   Phone:    1800 677 424
Counter-Terrorism Financing laws                                         Being transferred to the AERF may affect your benefits because:
The Anti-Money Laundering and Counter-Terrorism Financing Act
2006 (AML Act) regulates financial services and transactions in a        ▪ you will cease to be a member of the Fund and will no longer
way that is designed to detect and prevent money laundering and            have any insurance benefits
terrorism financing.




                                                                                                                 Perpetual Select Super Plan 51
▪ you will become a member of the AERF and be subject to its         Departed temporary residents
  governing rules                                                    If you are a temporary resident and don’t claim your super benefit
                                                                     on departure, it will become unclaimed and paid to the ATO
▪ the AERF is required to ‘member protect’ your benefit (this        where it has been at least six months after you have departed
  generally means that administration fees charged to your           Australia and no longer hold a visa.
  account cannot exceed investment earnings on your account
  in a reporting period)                                             Any unclaimed super amounts that are paid to the ATO may be
                                                                     claimed back from the ATO.
▪ the AERF will invest your benefit according to its investment
  strategy.
                                                                     Family law
Lost members                                                         The law allows for superannuation benefits to be split between
You will be considered a lost member if:                             you and you spouse (including a de facto spouse of the same or
                                                                     different sex) in the case of legal separation or divorce. Under the
▪ the Fund has never had an address for you or                       law, Perpetual may be required to:

▪ at least one written communication has been sent to your last      ▪ provide certain information about your superannuation interest
  known address and returned unclaimed or                              to certain eligible persons without notifying you of the request
                                                                       and/or
▪ your account has been inactive for five years.
                                                                     ▪ ‘flag’ and/or split your superannuation interest according to a
Members who are classed as lost may also have their investment
                                                                       superannuation agreement or Family Court order.
transferred to the AERF, unless your account is required to be
paid to the ATO as unclaimed super (see ‘Small and insoluble lost    Although the Fund’s Trust Deed allows us to charge fees for
accounts’ below).                                                    related transactions, we currently don’t intend to do so and will
                                                                     notify you before any change.
All superannuation funds (including the Fund) are required to
provide the ATO with details of their lost members every six         The legal requirements for splitting your superannuation in
months. The ATO maintains a lost member register containing          these circumstances are complex and effecting a split of your
details of super accounts for lost members.                          superannuation interest may have significant financial and tax
                                                                     consequences for you. We therefore recommend that you
If you believe that a superannuation fund has noted you as a
                                                                     seek professional legal, tax and financial advice on how these
lost member you can check with the ATO by calling 13 10 20 or
                                                                     provisions may affect you.
online by using the ATO’s SuperSeeker service available at
www.ato.gov.au/super.
                                                                     Bankruptcy
We may also use your personal information to search the              If you are declared bankrupt, we may be required to pay
ATO for any lost super accounts on your behalf. Personal             contributions to an administrator in bankruptcy under the
information includes your name, address, date of birth and           direction of a court.
TFN. We will contact you if we locate any lost super accounts
so you can consolidate these amounts in your Super Plan
account if you wish.
                                                                     Death benefits
                                                                     In the event of your death, your benefit will generally be paid
                                                                     to one or more of your dependants or to your legal personal
Unclaimed super
                                                                     representative. The Trust Deed permits you to:
Under the unclaimed super legislation, your benefit in the Super
Plan will be paid to the ATO if:                                     ▪ give a direction (binding nomination) to the Trustee about the
                                                                       distribution of your death benefit
▪ you have reached age 65 and
                                                                     ▪ nominate your preferred beneficiaries (non-binding nomination)
▪ your account has been inactive for at least two years and            but ultimately leave it to the discretion of the Trustee to decide
                                                                       how your death benefit is to be distributed among your
▪ after the end of five years since the last contact, the
                                                                       beneficiaries and/or legal personal representative (if the Trustee
  Trustee has been unable to contact you again after making
                                                                       can’t locate any dependants the benefit may be paid to your
  reasonable efforts.
                                                                       legal personal representative).
Small and insoluble lost accounts
                                                                     There are different tax consequences depending on whether
Lost accounts which have balances less than $200 or have
                                                                     the death benefit is paid to a dependant or non dependant (see
been inactive for five years and there are insufficient records to
                                                                     ‘Tax on death benefits’ on page 48 for further information). We
identify the owner of the account must also be paid to the ATO as
                                                                     recommend that you consult a financial and/or tax adviser before
unclaimed super.
                                                                     making any nomination.




52
To make a nomination, indicate this on your application form and      4.   one or each of them provides the other with domestic
also complete the ‘Nomination of beneficiary’ form and attach it           support and personal care.
to your application.
                                                                      If a close personal relationship exists but the other requirements
If you don’t make a nomination, the Trustee will use its discretion   for interdependency aren’t satisfied because of a physical,
under the Trust Deed (subject to the law) to determine the            intellectual or psychiatric disability, then there is also an
beneficiaries and most appropriate method of payment for your         interdependency relationship.
death benefit.
                                                                      Investments and social security
Binding nominations
                                                                      Your investment in the Fund may affect your social security
A binding nomination binds the Trustee to make payment of
                                                                      or pension entitlements. The calculations are complex so
your death benefit according to your instructions, provided your
                                                                      we recommend that you seek advice from your financial or
nomination is valid under the law and the rules in the Trust Deed.
                                                                      tax adviser, or use the Centrelink Financial Information or the
A binding death benefit nomination must be confirmed every            Veterans’ Affairs Financial Information services.
three years to remain effective and loses effect with certain
events (eg marriage, remarriage or divorce). You should read          Relationship between the Trustee and
the binding death benefit nomination rules in the Trust Deed.         underlying Investment Options
We recommend that you obtain professional financial and/or tax
                                                                      The Investment Options in the Fund invest in underlying funds
advice when determining your estate planning structure.
                                                                      managed within the Perpetual Group. The Trustee advises you
Non-binding nominations                                               that under the law, where the Trustee invests money of the Fund
This information gives the Trustee an indication of your wishes       in or with itself or a related entity, it must deal with itself or the
and will help us to exercise our discretion. However, it doesn’t      related entity strictly on arm’s length terms.
necessarily mean that the benefit will be distributed in this way.
                                                                      Trust Deed
Dependants                                                            The Trust Deed, dated 1 March 1989 (as amended from time to
For the purpose of paying a death benefit under SIS, a member’s       time) and the law govern the operation of the Fund and the rights
dependant is a:                                                       and obligations of members and the Trustee.

▪ spouse                                                              A copy of the Trust Deed is available free of charge on request.

▪ child
                                                                      Our liability
▪ person who was financially dependent on you at the time of
                                                                      We are indemnified by the Fund for liability incurred in respect
  your death
                                                                      of the Fund unless the liability arises from fraud, negligent act,
▪ person who you have an ‘interdependency relationship’ with.         default, omission, breach of trust, breach of duty or such other
                                                                      act or omission specified by the law.
A member’s ‘spouse’ includes:
                                                                      Your rights as a member
▪ another person (whether of the same sex or a different sex)
  with whom a member is in a relationship that is registered          Each unit in an Investment Option confers a proportional
  under relevant law and                                              beneficial interest in the relevant Investment Option. But you’re
                                                                      not entitled to any particular part of the Investment Option (or the
▪ another person who, although not legally married to the             underlying funds that it invests in), its assets or its management
  member, lives with the member on a genuine domestic basis in        or operation (other than through member meetings).
  a relationship as a couple.

A member’s ‘child’ includes:
                                                                      Members’ liability
                                                                      A member must indemnify the Trustee for any liability,
▪ an adopted child, stepchild or ex-nuptial child                     overpayment or failure to provide for tax because of its reliance
                                                                      on information given to it by that member (or information that
▪ a child of the member’s spouse
                                                                      should have been given to it by that member) under the Trust
▪ someone who is a child of the member under family law.              Deed or the law. Besides this, a member’s liability is limited by
                                                                      the Trust Deed to the value of their interests or units, but the
Two people have an ‘interdependency relationship’ if:                 courts are yet to determine members’ liability so absolute
                                                                      assurance can’t be given that the liability of a member is limited
1.   they have a close personal relationship and                      in every situation.

2.   they live together and

3.   one or each of them provides the other with financial support
     and




                                                                                                                Perpetual Select Super Plan 53
Suspension of applications, switches and                             Other conditions
withdrawals                                                          A member who appoints an authorised representative or uses the
In certain emergency situations which impact on the effective and    fax withdrawal facility:
efficient operation of a market for an asset held by an Investment
                                                                     ▪ acknowledges that they are bound by the acts of their
Option or in circumstances where we otherwise consider it to
                                                                       authorised representative
be in the interests of members, we may choose to suspend the
processing of all applications, switches or withdrawals for that     ▪ releases, discharges and agrees to indemnify us and each
Investment Option. This may include situations where:                  other member of the Perpetual Group from and against all
                                                                       losses, liabilities, actions, proceedings, accounts, claims and
▪ we cannot properly ascertain the value of an asset held by the
                                                                       demands arising from instructions we receive under the facility
  Investment Option
                                                                       and
▪ an event occurs that results in Perpetual not being able to
                                                                     ▪ agrees that a payment or purported payment made according
  reasonably acquire or dispose of assets held by the Investment
                                                                       to the conditions of the facility shall be in complete satisfaction
  Option
                                                                       of our obligations or those of any other member of the
▪ an underlying fund suspends applications and withdrawals             Perpetual Group to the investor for a payment, even if it
                                                                       was requested, made or received without the knowledge or
▪ the law otherwise permits us to delay or restrict processing         authority of the member.
  applications or withdrawals.

For the Geared High Growth and Geared Australian Share               Incorporation by reference
Investment Options, this may include suspending withdrawals          The law allows us to provide certain information to you separately
if the underlying fund’s gearing level exceeds 60 per cent and       to the PDS, which is taken to be incorporated into the PDS,
70 per cent respectively due to withdrawals or substantial           provided the PDS identifies this additional information and how
market movements. If a suspension occurs, the gearing level in       you can access it.
the underlying funds will be promptly reduced to 50 per cent or
lower and 60 per cent or lower respectively. The suspension will     The following incorporated information forms part of this PDS:
be lifted once the gearing level in the underlying fund has been
                                                                     ▪ the current buy/sell spread for each Investment Option
reduced to the relevant level.
                                                                     ▪ Direct Debit Request Service Agreement
Applications, withdrawals or switch requests received during the
suspension will be processed using the entry and/or exit price       ▪ Online Account Access conditions of use
applicable when the suspension is lifted.
                                                                     ▪ full details of the medical evidence required for various levels
                                                                       and types of insurance cover
Delays in calculating and publishing
unit prices                                                          ▪ full insurance premium rate tables
Occasionally there may be delays in receiving unit prices or
investment valuations from the underlying specialist investment      ▪ our privacy policy
managers due to their finalisation of distributions or unforseen
                                                                     ▪ details of current underlying specialist investment managers.
circumstances. This restricts our ability to calculate and price
the relevant Investment Option. Importantly, the timing of unit      This information is publicly available by following the
prices impacts processing transactions including applications,       links to downloading the PDS from
withdrawals and switches. When transactions are processed we’ll      www.perpetual.com.au/superannuation_funds/default.aspx,
generally use the applicable unit price you are entitled to, based   or can be obtained free of charge by contacting us.
on the date we received your completed transaction instruction.
                                                                     You should also read this information.

Policy Committee
A Policy Committee consisting of equal numbers of member
and employer representatives is required to be established for
all employer sponsored arrangements of 200 or more members,
and employer sponsored arrangements with up to 49 members if
at least five members write to the Trustee. The Policy Committee
must meet at least once a year to discuss various business such
as investment returns, benefit design and administration issues.




54
Applying for an investment
To invest in the Super Plan, you should complete the relevant         Additional investments
application form (see ‘Joining the Fund’ on page 28 for details)      To make an additional investment, you should:
and send to us, together with:
                                                                      ▪ if investing by cheque – attach a cheque for your additional
▪ if investing by cheque – a cheque for your initial investment         investment amount made payable to ‘PIML – Select Super –
  amount made payable to ‘PIML – Select Super – [insert                 [insert name of applicant(s)]’ and send to us together with
  name of applicant(s)]’                                                details of the type of contribution

▪ if investing by direct debit – complete the application form        ▪ if investing by direct debit – complete an ‘Application for
  and send it to us (we’ll debit your initial contribution amount       additional investments and features’ form and send it to us
  directly from your nominated account once we’ve accepted              (we’ll debit your additional contribution amount directly from
  your application)                                                     your nominated account once we’ve accepted your application)

▪ if you would like to apply for insurance cover – complete the       ▪ if investing by BPAY – simply remit your additional contribution
  ‘Insurance cover’ section within the relevant application form        to us, quoting the BPAY biller code for the relevant type of
  and, if required, the separate ‘Insurance application – standard’     contribution (see page 30 for details).
  form included with this PDS (see ‘Short-form personal
  statement’ and ‘Medical evidence’ on page 38 for details about      Contribution fee
  underwriting requirements)                                          Any applicable contribution fee will be deducted from the gross
                                                                      investment amount that we receive. For example, if we receive
▪ if you want to nominate a beneficiary – a completed                 an amount of $10,000 and a contribution fee of 4.00% applies,
  ‘Nomination of beneficiary’ form – see ‘Death benefits’ on          the actual amount invested in the Investment Option(s) after
  page 52 for further information                                     deducting the contribution fee of $400 will be $9,600.

▪ if you have other superannuation accounts and wish to               If you wish to invest a specific net amount, please calculate the
  consolidate your superannuation into the Super Plan –               gross equivalent amount before the contribution fee is deducted,
  a completed ‘Transfer authority’ form for each fund (you can        as follows:
  also send this directly to the other fund if you prefer with a
  copy of the ‘Compliance letter’ on page 95) – see page 12 for       Gross amount = net amount ÷ (100% – contribution fee %)
  further information.
                                                                      For example, the gross equivalent of a $10,000 net amount to be
Lodging your application form                                         invested in the Investment Option(s) after a 4% contribution fee is
You can lodge your completed application form (including any          $10,416.66, as follows:
cheques, if applicable) with your financial adviser or at any
                                                                      $10,000 ÷ (100% – 4%) = $10,416.66.
Perpetual state office (see back cover for street address details)
or post (no stamp required if posted in Australia) to:

Reply Paid 4171
Perpetual Select Super Plan
GPO Box 4171
Sydney NSW 2001




                                                                                                              Perpetual Select Super Plan 55
This page intentionally left blank.
                                    Perpetual Select Super Plan
                                    Product Disclosure Statement
                                    Issue number 4 dated 31 March 2010
                                    Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 RSE L0003315




Member application
Please complete this form using BLACK INK and print well within the boxes in CAPITAL LETTERS. Mark appropriate boxes
with a cross like the following X . Start at the left of each answer space and leave a gap between words.
Please ensure this form is fully complete and all required documentation is provided to either your financial adviser
or us, so we can process your application.


1. Investment details (must be completed)
 Are you an existing Perpetual investor?


                   no g
                  yes g        client number   ggggggggg
           new investment       g
      additional investment     g     existing account number      ggggggggggg

Membership Type (must be completed)

Are you joining through your employer who has nominated the Select Super Plan as their ‘default’ superannuation fund?

                     no    g – Individual member                               yes   g – Employee member (please complete the below)
          name of your
             employer      ggggggggggggggggggggggggg
2. Investor details (must be completed)

                    title Mrg Mrs g Miss g Ms g other
           first name(s)   ggggggggggggggggggggggggg
              last name    ggggggggggggggggggggggggg
           date of birth   gg gg gggg                 gender male g female g

Tax file number (refer to page 49)

ggg ggg ggg
If you do not supply us with your tax file number (TFN) we will be required to impose an additional tax of 30% (plus Medicare levy)
on all concessional contributions that you make or are being made on your behalf. We are also unable to accept any after-tax
contributions from you. For more information regarding the provision of TFNs please see page 49. An exemption is not considered
to be a TFN.

Are you an Australian resident for tax purposes?

yes   g
no, please specify country of residence below.

gggggggggggggggggggggggggggggggggg


                                                                                                                     page 1 of 14      57
                                   Perpetual Select Super Plan – Member application




2. Investor details (continued)
Residential address (mandatory)
 unit number            street number

gggg gggg
 street name

ggggg ggggggggggggggggggggggggg
 suburb

ggggg ggggggggggggggggggggggggg
 state                  postcode

ggg                     gggg
 country

ggggg ggggggggggggggggggggggggg
 phone (business hours)                         phone (after hours)

gg gggg gggg gg gggg gggg
mobile                                         fax

gggg ggg ggg gg gggg gggg
 email address

ggggg ggggggggggggggggggggggggg
Postal address (optional)


 c/- (if applicable)    ggggggggggggggggggggggggggggg
 po box              unit number                street number

gggg gggg                                      gggg
 street name

ggggg ggggggggggggggggggggggggg
 suburb

ggggg ggggggggggggggggggggggggg
 state                  postcode

ggg                     gggg
 country

ggggg ggggggggggggggggggggggggg
 phone (business hours)                         phone (after hours)

gg gggg gggg gg gggg gggg
mobile                                         fax

gggg ggg ggg gg gggg gggg
 email address

ggggg ggggggggggggggggggggggggg
By providing this email address, I agree that Perpetual may use this email address to provide me with information about my
investment (such as transaction confirmations, statements, reports and other materials or notifications required by the law) or
Perpetual’s products, services and offers. From time to time we may still need to send you mail.




58       page 2 of 14
                                       Perpetual Select Super Plan – Member application




3. Authorised representative
Would you like to appoint an authorised representative? Before appointing an authorised representative, refer to page 32.


 no       g please go to section 4
 yes
          g please complete the details below.
 Online Account Access for my authorised representative

          view and transact (default)      g         or   view only   g     or   no access   g
Authorised representative details:


       first name(s)     gggggggggggggggggggggggggg
          last name      gggggggggggggggggggggggggg
        signature of
         authorised
      representative                                                                                date   gg gg gggg
4. Payment details (must be completed)
How will the initial contribution be made? NOTE: Cash is not accepted.

          by direct debit      g we will debitthe terms and conditions of direct section 7explainedaccount 1. I acknowledge
                                 and accept
                                               your bank account nominated in
                                                                                 debit as
                                                                                           as bank
                                                                                                    in the Direct Debit Request
                                   Service Agreement which is available by following the links to downloading the PDS from
                                   www.perpetual.com.au/superannuation_funds/default.aspx.

               by cheque       g make cheque payable to PIML – Select Super – [insert name of applicant]
               by rollover     g make sure you complete and send the ‘Transfer authority’ form on page 93 to your current
                                 superannuation provider


                               g the initial contributionwill forward separate instructionsas aus.
                                                          will be made by your employer         participating employer of the Select Super
        by my employer           Plan. Your employer                                        to


5. Contribution/rollover details (individual members must complete/optional for employee members)
Please indicate below the amount of your contributions and/or rollover (as applicable). Please ensure that your previous
superannuation provider has been instructed to rollover your funds. Note: Where you are joining through an employer who has
nominated the Select Super Plan as their ‘default’ fund, your employer will forward separate instructions to us.
Contribution Limit Reminder An annual limit of $25,000 applies to concessional contributions and generally $150,000 for after-tax
contributions. For people aged 50 and above or turning 50 between 1 July 2007 and 30 June 2012 deductible contributions of $50,000
may be made each year. Members under age 65 can make after-tax contributions totalling $450,000 in a financial year provided
no such contributions are made in the following two years. You should speak to your financial adviser about these limits when
considering your situation. Contributions made in excess of the above limits will effectively be taxed at the highest marginal rate.
Initial one-off contributions
  Contribution type                           Amount           Further details
 personal contribution                 $                       If you are eligible and intend to claim a tax deduction on these contributions
                                                               you will also need to complete section 6.
 employer contribution                 $
 (including salary sacrifice
 contributions)

 spouse contribution                   $

 CGT contribution                      $                       You will also need to include a completed CGT cap election form (available
                                                               from the ATO).
 personal injury payment               $                       You will also need to include a completed contribution for personal injury
                                                               form (available from the ATO).
 Total                                 $



                                                                                                                           page 3 of 14      59
                                 Perpetual Select Super Plan – Member application




5. Contribution/rollover details (continued)
Rollovers
If you are transferring from another super fund please provide the below details. You will also need to complete the ‘Transfer
authority’ form on page 93 for each rollover being requested and send it to your previous superannuation provider.

 Name of the previous institution                                              Policy /Account number              Approximate amount

                                                                                                               $

                                                                                                               $

                                                                                                               $

                                                                                                               $
Perpetual Select Superannuation Plan – application form – individual (member)
                                                                                                               $

                                                                                                       Total   $


Savings plan
Only complete this section if you would like to establish a savings plan to make regular contributions from a nominated bank
account. You will also need to nominate a bank account in section 7, from which contributions will be deducted under the
savings plan.

 Contribution type
 If you are eligible and intend to claim a tax deduction on your Personal Contributions         personal                 g
 you will need to complete section 6.                                                           employer                 g
                                                                                                salary sacrifice         g
                                                                                                spouse                   g
 Amount                                                                                         $

 Frequency
                                                                                                monthly (default)        g
                                                                                                quarterly                g
 Day
                                                                                                10th                     g
                                                                                                20th                     g

6. Tax deduction for personal contributions (individual members)
Tax deduction for your personal contributions (including one-off and savings plan contributions)
 I am eligible and intend to claim a tax deduction for my personal contributions of:

 $
                                 (one-off contribution)

 $
                                 (per each savings plan amount)
 This is your notice to us, to be effective from the later of the date of this application or the date that you become a member of the
 Super Plan, of the amount you intend to claim as a tax deduction in relation to Section 290-170 of the Income Tax Assessment
 Act 1997. We will deduct 15% contributions tax from this amount. This notice will be applicable for the current and future financial
 years (for contributions made under the savings plan) unless you notify us in writing of your intention to vary this notice. We will send
 you an acknowledgement of the amount you wish to claim as a tax deduction which you will need to retain for tax purposes for the
 current and future financial years (for contributions made under the savings plan).




60      page 4 of 14
                                Perpetual Select Super Plan – Member application




7. Bank account details (if applicable)
By providing your bank account details in this section, you authorise Perpetual to use these details for all future transaction
requests that you nominate.
Bank account 1                                                      Bank account 2
Complete your bank account details in this section and indicate     Only complete your account details in this section if you would
what you would like us to use these bank account details for        like us to debit a different bank account for your savings plan

g applications
g savings plan
g withdrawals
financial institution                                               financial institution

ggggggggggggggggg ggggggggggggggggg
branch                                                              branch

ggggggggggggggggg ggggggggggggggggg
BSB                             account number                      BSB                             account number

ggg–ggg                         ggggggggg ggg–ggg                                                   ggggggggg
account name                                                        account name

ggggggggggggggggg ggggggggggggggggg
ggggggggggggggggg ggggggggggggggggg
signature of account holder A                                       signature of account holder A




signature of account holder B                                       signature of account holder B




date   gg gg gggg                                                   date   gg gg gggg
I request and authorise Perpetual Investment Management Limited, Debit User Identification Number 187310 to arrange for any
amount Perpetual Investment Management Limited may debit or charge me to be debited through the Bulk Electronic Clearing
System from an account held at the financial institution identified above, subject to the terms and conditions of the Direct Debit
Request Service Agreement which is available by following the links to downloading the PDS from
www.perpetual.com.au/superannuation_funds/default.aspx.




                                                                                                                     page 5 of 14    61
                                 Perpetual Select Super Plan – Member application




8. Features (must be completed)
 Indicate which optional features you would like applied to your account                              Frequency (if applicable)

 Auto-rebalancing
 refer to page 31 for details
                                                                  yes                              quarterly (default)       g
 If no frequency is selected, quarterly will be assumed                                            half-yearly               g
    If you are investing in Perpetual Select Geared Australian                                    yearly                    g
     Investment Option you must tick ‘Yes’ to the auto-
     rebalancing feature and complete the ‘Investment
     strategy’ column in section 9.

 BPAY (additional investments)                                                                                     n/a
                                                                  yes (default)
 refer to page 30 for details

                                                                  no

 Investor Online Account Access                                                                                    n/a
                                                                  view & transact
 refer to page 32 for details
                                                                  (default)
    you can access information about your account online
                                                                  view only
                                                                  no access

 Adviser Online Account Access                                                                                     n/a
                                                                  view & transact
 refer to page 32 for details
                                                                  (default)
 Note: your adviser can access information about
                                                                  view only
 your account online

 Investment information to be sent in the mail                                                                     n/a
                                                                  yes
 refer to page 32 for details
 Note: most of your investment information is available
                                                                  no (default)
 through Online Account Access

 Annual report to be sent in the mail                                                                              n/a
                                                                  yes
 refer to page 50 for details
 Note: the annual report is also available on our website         no (default)

 Marketing material                                                                                                n/a
                                                                  yes
 I would like to be informed about Perpetual’s products,
 services and offers                                              no (default)

 Nomination of beneficiary                                        If you would like to nominate                    n/a
 refer to page 52 for details                                     a beneficiary to receive
                                                                  your benefit on death
                                                                  complete the ‘Nomination of
                                                                  beneficiary’ form

 ▪ For each optional feature you have elected, please ensure you have read and understood the relevant
   section in the PDS for that optional facility.

 ▪ If you have nominated an optional feature above, please ensure you fill out the relevant columns in the table
   in section 9 completely.




62       page 6 of 14
                                Perpetual Select Super Plan – Member application




9. Investment details (must be completed)
Please nominate the dollar amount or the portion of money you would like to invest in your selected Investment Options. If you don’t
nominate an Investment Option, your money will be invested in the Balanced Investment Option.

    Investment Options                                   Initial contributions        Savings plan          Investment strategy
                                                                                     (if applicable)      (additional applications
                                                                                                            & auto-rebalancing)
                                  Short code


            Conservative           SSCOST            $            or        % $                                                    %

                Balanced           SSBAST            $            or        % $                                                    %

                  Growth           SSGRST            $            or        % $                                                    %

             High Growth           SSEQST            $            or        % $                                                    %

    Geared High Growth*            SSGEQST           $            or        % $                                                    %

                    Cash           SSCAST            $            or        % $                                                    %

            Fixed Income            SSFIST           $            or        % $                                                    %

              Real Estate          SSPRST            $            or        % $                                                    %

         Australian Share          SSAEST            $            or        % $                                                    %

       Geared Australian
                                   SSGAEST           $            or        % $               (max 50%) (max 50%)                  %
                 Share*

           Limited Share            SSLIST           $            or        % $                                                    %

      International Share           SSINST           $            or        % $                                                    %

                    Total                            $            or     100% $                                                  100%


*You must tick the box under ‘Geared Investment Options’ in Section 12 if you have selected this Investment Option.




                                                                                                                  page 7 of 14     63
                                   Perpetual Select Super Plan – Member application




10. Insurance cover
Automatic default insurance cover (employee members only)
If you join as an employee of a Participating Employer who has nominated the Super Plan as their ‘default fund’, you will
automatically receive Death & TPD cover for the amount shown in the table on page 33 of the PDS.
In order for us to determine your correct occupational category, please complete the following information. If you do not complete
this information, your occupational category will default to light blue.

 occupation

ggggg ggggggggggggggggggggggggg
 industry

ggggg ggggggggggggggggggggggggg
 daily duties (including % time spent performing each duty




If you do not want this insurance cover tick the following box.

      I do not wish to receive the automatic Death and TPD cover as an employer ‘default fund’ member

Would you like insurance cover or to increase your automatic default insurance cover (all members)? Refer to page 34.


 no       g please go to section 12
 yes
          g please complete the following short personal statement if you are under age 55 and applying for
              ▪ death only cover up to $1 million, or
              ▪ TPD only cover up to $1 million, or
              ▪ death and TPD cover up to $1 million, or
              ▪ indemnity salary continuance cover up to $8,000 per month
              ▪ can answer ‘no’ to questions 3 to 8.
 If you do not satisfy the above conditions you will need to complete the standard ‘Insurance application – standard’ form on
 page 79.

 Is this a new application for insurance or an application to increase insurance cover?                   new   g   increase   g
Type of insurance

Type                              Cover

death only                g       amount
                                                 $
                                                                  (min. $50,000)
or

TPD only                  g       TPD amount
                                                 $
                                                                  (min. $50,000)
or

death and TPD             g       death amount
                                                 $
                                                                  (min. $50,000)

                                                 $
                                  TPD amount                      (min. $50,000)
and/or

salary continuance        g       amount
                                                  $
                                                                   per month (min. $500 per month)
                                  (This cannot be greater than 85% of your monthly income, which includes a maximum 10%
                                  allowance for super contributions. That is your cover amount cannot be greater than 75% of your
                                  monthly income plus an optional 10% of your monthly income representing a super contribution
                                  component. For example if you have a monthly salary of $4,000 the maximum monthly cover
                                  amount you can have is 75% x $4,000 plus 10% x $4,000.)

What percentage of your cover amount                               (This is optional and is a maximum of 10% of your
                                                              %
indicated above represents a super                                 monthly income.)
contribution component?
If this is left blank nil will be assumed.



64       page 8 of 14
                                     Perpetual Select Super Plan – Member application




Please apply indexing to my sum insured:

 yes (default)   g     no    g
Salary continuance only (indemnity)

benefit period                                            g
                             2 years (to age 65 if earlier)                                g
                                                              5 years (to age 65 if earlier)                        to age 65 g
waiting period                                    30 days g                        60 days g                          90 days g

Insurance premiums will be deducted proportionally from your investment options.

Personal questionnaire:


1. Do you permanently reside in Australia?                                                                                   no   g    yes   g
                                                                   number of hours              height                 weight
                             $
2.         annual salary                                           worked per week                (cm)                   (kg)

             occupation      ggggggggggggggggggggggggg
                 industry    ggggggggggggggggggggggggg
              daily duties
       (including % time
        spent performing
               each duty)

3. Have you smoked tobacco or any other substance in the last 12 months?                                                     no   g    yes   g
     If yes, please state forms and quantities:

4. Do you drink more than 20 standard drinks of alcohol per week?                                                            no   g    yes   g
   If yes, please provide forms and quantities:
5. Have you ever engaged or are you ever likely to engage in any aviation (other than as a fare paying passenger)
   or in any hazardous occupation, recreation, pastime, pursuit or sport (eg motor car racing, professional football,
   scuba diving over 30m depth)?                                                                                             no   g    yes   g
6. Have you ever suffered symptoms of, or had, or been told you have or received any advice or treatment for:
   ▪ high blood pressure, high cholesterol, heart complaint, chest pain or stroke;
   ▪ mental or nervous disorder including stress, anxiety, depression or neurological condition;
   ▪ cancer or a tumour of any type;
   ▪ back/joint disorder, arthritis, loss of limb or paralysis;
   ▪ loss of sight of any eye(s) or blindness;
   ▪ kidney, bladder, bowel or stomach disorder and or disease;
   ▪ diabetes or liver disease (including hepatitis)?                                                                        no   g    yes   g
7. Have you ever:
   ▪ suffered from AIDS or been infected with the HIV virus; or
   ▪ used or injected yourself with any illicit drugs not prescribed by a medical practitioner; or
   ▪ engaged in male-to-male anal sexual activity?                                                                           no   g    yes   g
8. At the date of this application, are you absent from work or unable to carry out all of the duties of your current
   or usual occupation on a full time basis, due to an injury or illness (even if you are not currently working on a full
   time basis or are unemployed)?                                                                                            no   g    yes   g
   (This question does not apply to you if you are applying for death only cover).
9. Do you have existing life, disability or trauma cover on your life (including any current applications held with
   any insurer)?                                                                                                             no   g    yes   g
   If yes, please provide the policy details in the schedule below:
 Commencement date                           Insurer                Type of cover               Amount of cover             To be replaced

                                                                                                                             no g      yes g
                                                                                                                             no g      yes g

 If you answered ‘Yes’ to any of questions 3 to 8 above, please complete the standard ‘Insurance application – standard’ form
 on page 79.


                                                                                                                        page 9 of 14         65
                                        Perpetual Select Super Plan – Member application




11. Adviser use only
Contribution fee:
Please nominate the contribution fee to be charged to the client


 Nominated contribution fee1             0%   g       1%   g       2%   g       3%   g    4%    g      other %   g.g g               (must be less than 4%)

If no rate is selected, a 4% contributed fee will be assumed.
1. The nominated contribution fee is inclusive of the net effect of GST (ie. inclusive of 10% GST, less any reduced input tax credits available to the Fund).

Ongoing (trail) remuneration:

     To rebate all of your ongoing remuneration, please tick the box.

Insurance Commission
Please nominate how you would like your insurance commission paid. If you do not nominate we will pay you level commission.

     level

     stepped (upfront)



      adviser name    gggggggggggggggggggggggggg
     phone (business
               hours) g g g g g g g g g g             mobile g g g g g g g g g g

               email g g g g g g g g g g g g g g g g g g g g g g g g g g g g

          adviser ID g g g g g g g g g
       [1] Perpetual

      OR [2] dealer
       group AND        gggggggggggggggggggggggggggg
             b.dealer
             branch*    gggggggggggggggggggggggggggg
                        *City or suburb of the dealer group office you operate through

                        If Private Client Adviser details are completed above, please also provide name of your accountant

                        gggggggggggggggggggggggggggg

 adviser signature                                                                       date   gg gg gggg                                        ADVISER
                                                                                                                                                   STAMP




66      page 10 of 14
                                 Perpetual Select Super Plan – Member application




12. Declaration and signature (must be completed)
I declare and agree that:
▪ I have read and understood the Product Disclosure Statement (PDS) and any relevant incorporated material for Select
  Super Plan and confirm I accept this offer in Australia
▪ all of the information provided in my application is true and correct
▪ If I have received the PDS from the internet or other electronic means that I received it personally or a print out of it,
  accompanied by or attached to this application form
▪ I have read, understood and agree to be bound by, any additional restrictions in the PDS and any incorporated material
  and I agree to be bound by the provisions of the Trust Deed (as amended from time to time)
▪ If applicable, in the case of contributions, that I have read and understood the contribution eligibility rules in the PDS and
  that I am eligible to make or have contributions made for my benefit and will notify the Trustee if I am no longer eligible
  ▪ If I am claiming a personal tax deduction in relation to my contributions, I have:
    – not yet lodged my income tax return for the current year of income
    – not yet commenced a superannuation income stream based in whole, or part, on the contribution.
▪ I authorise Perpetual to quote my TFN or exemption to the Australian Taxation Office (ATO).
▪ I authorise Perpetual to obtain information from the ATO regarding my superannuation account in relation
  to my TFN, PAYG or other superannuation tax-related matters.
I acknowledge that:
▪ Perpetual will hold personal information about me and will disclose this information to my financial adviser (named in this form)
  in relation to the investments described in this form. Where there is any change to this authority or relating to my financial
  adviser, I will notify Perpetual of the change.
▪ neither the Trustee nor any other company in the Perpetual Group guarantees the repayment of capital or the performance
  of the Super Plan or any Investment Option.
▪ I confirm that I have provided my financial adviser with acceptable identification documentation as described in the application
  form OR I am not investing through a financial adviser, and therefore have included certified copies of acceptable identification
  documentation as described in the application form under section 13.
The following declaration is applicable if you are applying for insurance cover
▪ Truth and Accuracy – I hereby declare that to the best of my knowledge and belief and where applicable:
  – all of the answers to questions on this application form are true and accurate and I have not deliberately withheld any
    information material to the proposed insurance
  – if I am transferring my existing insurance cover from another provider and this information is being provided directly to AIA
    Australia, this information is true and accurate at the time of transfer and I have not deliberately withheld any information
    material to the insurance cover that is being transferred and
  – all information I have provided to AIA Australia directly is true and accurate and I have not deliberately withheld any information
    material to the proposed insurance cover.
▪ Changes to Contract – I understand that I must advise the Insurer of any material change in my health during the period between
  the application date shown below and the cover commencement date. I understand that my failure to advise of such a change
  may make the contract of insurance voidable by the insurer
▪ Acceptance of the application – I note that this application is subject to acceptance by the insurer and that the insurance
  cover does not commence until I have been advised by AIA Australia or the Plan about acceptance of my application (excluding
  automatic insurance cover for employer ‘default fund’ members).
▪ Duty of Disclosure – I acknowledge that I have read and understood the Duty of Disclosure notice in accordance with the
  Insurance Contracts Act 1984 as detailed on page 23 of the PDS.
▪ Consent to provide personal health information to my adviser – I consent to allow Perpetual to provide my adviser with any
  personal health information to assist the Trustee and Insurer in assessing my application for insurance.

   I do not authorise my financial adviser to be provided with any personal health information submitted in relation to my
   application for insurance.




                                                                                                                       page 11 of 14   67
                                 Perpetual Select Super Plan – Member application




Geared Investment Options
(You must read and tick the box below if you have chosen to invest in the Perpetual Select Geared Australian Share and/or Geared
High Growth Investment Option/s.

     I have thoroughly read the ‘Understanding investment risk’ section on pages 8-10 of the PDS, ‘Gearing risk’ section on
     page 9 of the PDS and ‘Gearing policy’ section on page 10 of the PDS. I understand the greater risks associated with my
     selection of the Geared Australian and/or Geared High Growth Investment Option/s and that it has a suggested investment
     timeframe of seven years or more.

     I acknowledge and accept that, if the value of my investment in the Geared Australian Share Investment Option has risen
     above or fallen below my nominated percentage allocation (or the default percentage allocation if I do not make a nomination)
     at my nominated review date (or the default frequency if I do not make a nomination) it will be automatically rebalanced to my
     nominated percentage allocation (or default percentage allocation) across my investments. I acknowledge that the buy/sell
     spread will apply to this rebalancing transaction.



       signature of
           investor                  gg gg gggg                        date


        print name      ggggggggggggggggggggg
Important notes:                                                     Final checklist
▪ If signing under power of attorney, the attorney certifies that    Have you:
  he or she has not received notice of revocation of that power.     ▪ Completed all sections of your application form?
  The power of attorney, or a certified copy, must be sent to        ▪ Signed your application form?
  Perpetual, if not previously provided.                             ▪ Provided your financial adviser customer identification
▪ Perpetual has the absolute discretion to accept or reject            documents requested in this application form?
  any application.                                                   ▪ OR if you don’t have a financial adviser have you enclosed
▪ Investors should retain a copy of the PDS during the life            your certified customer identification documents?
  of this PDS.                                                       Please send your completed application form to:
▪ A business day is a working day for Perpetual in Sydney.           Reply Paid 4171
                                                                     Perpetual Select Super Plan
                                                                     GPO Box 4171
                                                                     Sydney NSW 2001




68      page 12 of 14
                                     Perpetual Select Super Plan – Member application




13. Identification verification (must be completed)
The identity documentation requested below is required to meet our obligations under the Anti-Money Laundering and
Counter-Terrorism financing Act 2006. We cannot process you application without this information.

Identity documentation
Please provide a document from Part I. If you do not have a document from Part I, please provide the documents listed in Part II
OR Part III.

▪ If you are applying directly with Perpetual - You will need to provide a certified copy of the document(s) with your application.
▪ If you are lodging this application through a financial adviser - You may provide a certified copy with your application OR have
  your adviser sight an original or certified copy of your document(s) and complete the Adviser Record of Verification section in
  this form.

 PART I – Primary ID documents

 Provide ONE of the following:


      Australian State/Territory driver’s licence containing your photograph.

      Australian passport (a passport that has expired within the preceding 2 years is acceptable)

      Card issued under a State or Territory law for the purpose of proving a person’s age containing your photograph

      Foreign passport or similar travel document containing your photograph and signature
                                                                  OR
 PART II – should only be completed if you do not own a document from Part I

 Provide ONE of the following:


      Australian birth certificate

      Australian citizenship certificate

      Pension card issued by Centrelink

      Health card issued by Centrelink

 AND provide ONE valid document from the following:


      A document issued by the Commonwealth or a State or Territory within the preceding 12 months that records the provision
      of financial benefits to you and contains your name and residential address
      A document issued by the Australian Taxation Office within the preceding 12 months that records a debt payable by you to
      the Commonwealth (or by the Commonwealth to the individual), which contains your name and residential address.
      A document issued by a local government body or utilities provider within the preceding 3 months which records the
      provision of services to your address or to you (the document must contain your name and residential address)
                                                                  OR
 PART III – should only be completed if you do not own document(s) from Part I OR Part II

 BOTH documents from this section must be provided


      Foreign driver’s licence that contains a photograph of you and your date of birth*

      National ID card issued by a foreign government containing your photograph and your signature
Any documents written in a language that is not English must be accompanied by an English translation prepared by an
accredited translator.




                                                                                                                  page 13 of 14    69
                                  Perpetual Select Super Plan – Member application




Certified copies
A certified copy means a document that has been certified as a true and correct copy of a document by a person in one of the
occupations listed below, including all persons described in the Statutory Declarations Regulations 1993. Persons listed should have
a minimum of 2 years continuous service in the occupation, unless otherwise described.

▪ A bank, building society, credit union or finance company officer

▪ A fellow of the National Tax Accountants’ Association

▪ A judge of a court, Justice of the Peace or magistrate

▪ A legal practitioner including patent attorney, trade marks attorney with 5 or more years of continuous service.

▪ A medical practitioner including dentist, nurse, optometrist, pharmacist, physiotherapist, psychologist or veterinary surgeon with
  5 or more years of continuous service

▪ A permanent employee or agent of the Australian Postal Corporation

▪ A person who is enrolled on the roll of the Supreme Court of a State or Territory, or the High Court of Australia as a legal
  practitioner

▪ A police officer

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

▪ An accountant who is a member of the Institute of Chartered Accountants in Australia, CPA Australia, the National Institute of
  Accountants or the Association of Taxation and Management Accountants

▪ An Australian Consular Officer or Australian Diplomatic Officer

▪ An Australian Financial Services Licence holder or their authorised representative (includes any licensed financial advisor)

To create a certified copy, one of the persons listed above must write the following on the copy of the document.
‘I, [full name], [category of persons as listed below], certify that this [name of document] is a true and correct copy of the original.
[signature and date]’

Adviser Record of Verification
This section is to be used by Advisers when a record of verification is provided, rather than certified copies of identity
documentation.

 ID DOCUMENT DETAILS                            Document 1                                     Document 2 (relevant only if documents
                                                                                               from Part II or Part III completed)

 Verified From                                  Original             Certified Copy            Original             Certified Copy

 Document name / type

 Document Issuer

 Issue Date

 Expiry Date

 Document Number

 Accredited English Translation                 N/A                         Sighted            N/A                         Sighted

 Adviser name

 AFSL licensee number

 Date verified (dd/mm/yyyy)

IMPORTANT: Please ensure that you have either
 Enclosed certified copies of your identity documentation OR

 Agreed that your Adviser will complete the above Adviser Record of Verification




70     page 14 of 14
                                   Perpetual Select Super Plan
                                   Product Disclosure Statement
                                   Issue number 4 dated 31 March 2010
                                   Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 RSE L0003315




Participating employer application
Please complete all pages of this form in black ink using BLOCK letters.

1. Employer details (must be completed)
             full name
          of employer      ggggggggggggggggggggggggg
                  ABN      gg ggg ggg ggg
          street name      ggggggggggggggggggggggggg
               suburb      g g g g g g g g g g g g g state g g g postcode g g g g
   phone (after hours)     gg gggg gggg                 fax g g g g g g g g g g

                 email     ggggggggggggggggggggggggg
Default fund: Perpetual Select Super Plan has been nominated as the ‘default fund’ for the payment of
Superannuation Guarantee contributions for our employees who have not nominated another superannuation fund.
                                                                                                                         g Yes g No
2. Contact details (must be completed)

                  Title    Mrg Mrs g Miss g Ms g other
          first name(s)    ggggggggggggggggggggggggg
            last name      ggggggggggggggggggggggggg
               job title   ggggggggggggggggggggggggg
       postal address      ggggggggggggggggggggggggg
               suburb      g g g g g g g g g g g g g state g g g postcode g g g g
                phone      gg gggg gggg                 fax g g g g g g g g g g

                 email     ggggggggggggggggggggggggg
3. Contribution details (must be completed)
                                                                       * It is a legislative requirement that all superannuation guarantee
 Contribution frequency*        quarterly   g       monthly   g          contributions must be paid at least quarterly.


4. Investment options
Until such time as each member advises the Trustee the Investment Options in which they want their superannuation benefit account
to be invested, the Trustee will place their investments in the Balanced Investment Option.




                                                                                                                         page 1 of 4         71
                                Perpetual Select Super Plan – Participating employer application




5. Adviser (optional)
If you would like your adviser to receive copies of correspondence relevant to you – please indicate.

                adviser   ggggggggggggggggggggggggg
              company     ggggggggggggggggggggggggg
        postal address    ggggggggggggggggggggggggg
                suburb    g g g g g g g g g g g g g state g g g postcode g g g g
I/We acknowledge that the Trustee will hold personal information about me/us and will disclose this information to my/our adviser
(whose details are above) in relation to the information described on this form. I/We acknowledge that the Trustee will cease to
disclose this personal information if I/we notify the Trustee that the adviser above no longer acts on my/our behalf.


6. Authorised signatories (complete only if different to the signatures in the applicant’s declaration below)
The Trustee is authorised to accept on behalf of the Participating Employer the signature of a person(s) advised by the Participating
Employer for the payment of any benefits from the Super Plan or for communication of any information required to facilitate the
administration of the Super Plan.


              full name   ggggggggggggggggggggggggg
               position   ggggggggggggggggggggggggg

              signature


              full name   ggggggggggggggggggggggggg
               position   ggggggggggggggggggggggggg

              signature




72       page 2 of 4
                                Perpetual Select Super Plan – Participating employer application




7. Applicant’s declaration and signature (must be completed)
– I/We hereby make application for admission as a Participating Employer under the Employer sponsored category of Perpetual
  Select Super Plan as from the date hereof.
– I/We have read and agree to be bound by any disclosures in the current Product Disclosure Statement and I/we agree to be bound
  by the provisions of the Trust Deed (as amended from time to time).
– I/We have read and understand the Privacy information in the current Product Disclosure Statement.
– I/We agree to execute such other documents as the Trustee may reasonably require in order to record our admission as a
  Participating Employer of Perpetual Select Super Plan.
– I/We acknowledge that our participation as a Participating Employer shall take effect in accordance with the particulars set out in
  this application form and any other schedule or form consented to by the Trustee.
– I/We acknowledge that neither the Trustee nor any other company in the Perpetual Group guarantees the repayment of capital or
  performance of the Perpetual Select Super Plan.
– I/We acknowledge that commission may be paid to our adviser, the details of which are described in the Product Disclosure
  Statement and Section 9.
– I/We acknowledge and understand that (unless told otherwise), Perpetual may use the details in this form to provide me/us with
  further information about the services offered by Perpetual (including Perpetual Select Super Plan and other services).
   If you do not wish to receive further information about the services offered by Perpetual, please tick the box.


              full name   ggggggggggggggggggggggggg

             signature


              full name   ggggggggggggggggggggggggg

             signature


 Is this a single director company?        yes   g           no   g          date   gg gg gggg




                                                                                                                     page 3 of 4   73
                                        Perpetual Select Super Plan – Participating employer application




8. Mailing instructions
– Also include a ‘New employee details’ form, a ‘Member application’ form (for each new employee) and ‘Contribution advice’ and
  attach them to this form.
– Return this form and attachments to: Reply Paid 4171, Perpetual Select, GPO Box 4171, Sydney NSW 2001.
– Please make cheques payable to: ‘PIML — Select Super’.

9. Adviser use only
Contribution fee:
Please nominate the contribution fee to be charged to the client:
             nominated
       contribution fee1     0%   g         1%   g         2%   g         3%   g          4%   g        other %    g.gg               (must be less than 4%)

If no rate is selected, a 4% contribution fee will be assumed.
1. The nominated contribution fee is inclusive of the net effect of GST (ie. inclusive of 10% GST, less any reduced input tax credits available to the Fund).

Ongoing (trail) remuneration:
     To rebate all of your ongoing commission, please tick the box.


     name of adviser     gggggggggggggggggggggggggg
  phone (business
           hours)        gg gggg gggg   mobile g g g g g g g g g g

                email    gggggggggggggggggggggggggg
        [1] perpetual
           adviser ID    gggggggg
       OR [2] dealer
        group AND        gggggggggggggggggggggggggg
           b. dealer
            branch*      gggggggggggggggggggggggggg
                         *City or suburb of the dealer group office you operate through

                         If Private Client Adviser details are completed above, please also provide name of your accountant:

                         ggggggggggggggggggggggggggggg

 adviser signature                                                                     date    gg gg gggg
                                                                                                                                                  ADVISER
                                                                                                                                                   STAMP




Additional notes




74         page 4 of 4
                                Perpetual Select Super Plan
                                Product Disclosure Statement
                                Issue number 4 dated 31 March 2010
                                Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 RSE L0003315




New employee details
Please complete all pages of this form in black ink using BLOCK letters.
If you have more than six employees, please photocopy this form, or you can print a copy from the forms section on our website.
Please note that you must provide these employees with a copy of the current Product Disclosure Statement. Your employees should
complete the appropriate forms in the current PDS and return them to Perpetual.
Complete this form:
– when joining Perpetual Select Super Plan as a Participating Employer (along with the ‘Participating employer application’ form) or
– when adding new employees to your existing Participating Employer plan.


  employer name       gggggggggggggggggggggggggg
employer number       g g g g g g g g (if known)
Member information
Member 1

              title   g Mrs g Miss g Ms g other
                      Mr

     first name(s) g g g g g g g g g g g g g g g g g g g g g g g g g

         last name g g g g g g g g g g g g g g g g g g g g g g g g g

   postal address g g g g g g g g g g g g g g g g g g g g g g g g g

       occupation g g g g g g g g g g g g g g g g g g g g g g g g g
                                                             tax file
     date of birth g g g g g g g g       g male g female number g g g g g g g g g
       date joined
          employer g g g g g g g g first contribution due g g g g g g g g
Member 2

              title   g Mrs g Miss g Ms g other
                      Mr

     first name(s) g g g g g g g g g g g g g g g g g g g g g g g g g

         last name g g g g g g g g g g g g g g g g g g g g g g g g g

   postal address g g g g g g g g g g g g g g g g g g g g g g g g g

       occupation g g g g g g g g g g g g g g g g g g g g g g g g g
                                                             tax file
     date of birth g g g g g g g g       g male g female number g g g g g g g g g
       date joined
          employer g g g g g g g g first contribution due g g g g g g g g
Member 3

              title   g Mrs g Miss g Ms g other
                      Mr

     first name(s) g g g g g g g g g g g g g g g g g g g g g g g g g

         last name g g g g g g g g g g g g g g g g g g g g g g g g g

   postal address g g g g g g g g g g g g g g g g g g g g g g g g g

       occupation g g g g g g g g g g g g g g g g g g g g g g g g g
                                                             tax file
     date of birth g g g g g g g g       g male g female number g g g g g g g g g
       date joined
          employer g g g g g g g g first contribution due g g g g g g g g


                                                                                                                  page 1 of 2      75
                               Perpetual Select Super Plan – New employee details




Member 4

              title   Mrg Mrs g Miss g Ms g other
       first name(s) g g g g g g g g g g g g g g g g g g g g g g g g g

           last name g g g g g g g g g g g g g g g g g g g g g g g g g

     postal address g g g g g g g g g g g g g g g g g g g g g g g g g

         occupation g g g g g g g g g g g g g g g g g g g g g g g g g
                                                               tax file
       date of birth g g g g g g g g       g male g female number g g g g g g g g g
         date joined
            employer g g g g g g g g first contribution due g g g g g g g g
Member 5

              title   Mrg Mrs g Miss g Ms g other
       first name(s) g g g g g g g g g g g g g g g g g g g g g g g g g

           last name g g g g g g g g g g g g g g g g g g g g g g g g g

     postal address g g g g g g g g g g g g g g g g g g g g g g g g g

         occupation g g g g g g g g g g g g g g g g g g g g g g g g g
                                                               tax file
       date of birth g g g g g g g g       g male g female number g g g g g g g g g
         date joined
            employer g g g g g g g g first contribution due g g g g g g g g
Member 6

              title   Mrg Mrs g Miss g Ms g other
       first name(s) g g g g g g g g g g g g g g g g g g g g g g g g g

           last name g g g g g g g g g g g g g g g g g g g g g g g g g

     postal address g g g g g g g g g g g g g g g g g g g g g g g g g

         occupation g g g g g g g g g g g g g g g g g g g g g g g g g
                                                               tax file
       date of birth g g g g g g g g       g male g female number g g g g g g g g g
         date joined
            employer g g g g g g g g first contribution due g g g g g g g g
Until such time as each member advises the Trustee the Investment Options in which he/she wants his/her superannuation benefit
account to be invested, the Trustee will place his/her investments in the Balanced Investment Option.


       authorised                                                                       date   gg gg gggg
        signature

Please return the completed form to: Reply Paid 4171, Perpetual Select, GPO Box 4171, Sydney NSW 2001.




76      page 2 of 2
                                       Perpetual Select Super Plan
                                       Product Disclosure Statement
                                       Issue number 4 dated 31 March 2010
                                       Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 RSE L0003315




Contribution advice
Please complete all pages of this form in black ink using BLOCK letters.

1. Contributions
                  g participating employer sponsored member(s)
   (Please select one)


 employer name g g g g g g g g g g g g g g g g g g g g g g g g g g

employer number g g g g g g g g (if known)
  contribution is
       for period g g g g g g g g to g g g g g g g g

                                              member details1                                          contribution details2

       member            name                                                           employer      personal         spouse              total $
       number                                                                           (including
                                                                                           salary
                                                                                         sacrifice)
                                                                                          (note 1)    (note 2)         (note 3)




                                                                           page total

                                                                                                                      grand total      $

1 For new employees please attach a completed ‘Member application’.
2 Please specify type of contribution (refer to the notes below for guidance).

Notes
1 Employer: Contributions made by employers to satisfy their legal obligations under the Super Guarantee Act (1993), currently 9% of
  gross salary, plus any Salary Sacrifice amount. These include any contributions deducted from the before tax salary of an employee.
2 Personal: contributions made by members.
3 Spouse: Contributions made by the spouse of the receiving member from after tax income.
All terminations must be noted on page 2 of this form.
                                                                                                                                  page 1 of 2        77
                                Perpetual Select Super Plan – Contribution advice




2. Terminations
Complete details in the section below. It will be assumed that all contributions have been made unless noted otherwise.

                                                        terminated members

      member                      member                               current                        date       all contributions
      number                       name                             postal address                employment     have been made
                                                                                                   terminated      yes       no




       authorised                                                                          date   gg gg gggg
        signature


3. Mailing instructions
Return this form with your cheque for the total contribution amount to:
Reply Paid 4171, Perpetual Select, GPO Box 4171, Sydney NSW 2001
Please make cheque payable to: ‘PIML – ATF Select Super’.




78       page 2 of 2
                                   Perpetual Select Super Plan
                                   Product Disclosure Statement
                                   Issue number 4 dated 31 March 2010
                                   Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 RSE L0003315




Insurance application – standard
Please complete all pages of this application form in black ink, using block letters.

This form should be used if you:
▪ are aged 55 or older, or
▪ require more than $1 million of death only cover, or
▪ require more than $1 million of TPD only cover, or
▪ require more than $1 million death and total and permanent disablement insurance cover, or
▪ earn over $128,000 per annum and therefore require more than $8,000 monthly benefit of salary continuance cover,
▪ require agreed value salary continuance cover, or
▪ have answered ‘yes’ to any of the personal questions in section 10 of the Super Plan ‘Member application’ form.


Are you an existing Perpetual Select Super Plan member?


yes   g    account number       ggggggggggg
1. Investor details

           first name(s)    ggggggggggggggggggggggggg
               last name    ggggggggggggggggggggggggg
                     title Mr g Mrs g Miss g Ms g other
           date of birth    g g g g g g g g age next birthday g g                                     gender   g male g female
 po box              unit number                   street number

gggg gggg                                         gggg
 street name

ggggg ggggggggggggggggggggggggg
 suburb

ggggg ggggggggggggggggggggggggg
 state                postcode

ggg                   gggg
 country

ggggg ggggggggggggggggggggggggg
 email address

ggggg ggggggggggggggggggggggggg
            occupation      ggggggggggggggggggggggggg
                industry    ggggggggggggggggggggggggg
             daily duties
      (including % time
       spent performing
              each duty)




                                                                                                                      page 1 of 8   79
                                     Perpetual Select Super Plan – Insurance application – standard




2. Type of insurance
Is this a new application for insurance or an application to increase insurance cover?                           new   g   increase    g
Type of insurance

Type                                       Cover

death only                   g             amount
                                                              $
                                                                                 (min. $50,000)
or

TPD only                     g             TPD amount
                                                              $
                                                                                 (min. $50,000)
or

death and TPD                g             death amount
                                                              $
                                                                                 (min. $50,000)

                                                              $
                                           TPD amount                            (min. $50,000)
and/or

salary continuance           g             amount
                                                              $
                                                                                 per month (min. $500 per month)
                                           (This cannot be greater than 85% of your monthly income, which includes a maximum
                                           10% allowance for super contributions. That is your cover amount cannot be greater than
                                           75% of your monthly income plus an additional 10% of your monthly income representing
                                           a super contribution component. For example if you have a monthly salary of $4,000 the
                                           maximum monthly cover amount you have is 75% x $4,000 plus 10% x $4,000.)
What percentage of your cover amount indicated                                     (This is optional and is a maximum of 10% of your
                                                                             %
above represents a Super contribution component?                                   monthly income.)
If this is left blank nil will be assumed

Please apply indexing to my sum insured:

 yes (default)   g      no   g
Salary continuance only

benefit period                                           g
                             2 years (to age 65 if earlier)                                    g
                                                                  5 years (to age 65 if earlier)                       to age 65g
waiting period                                  30 days g                              60 days g                        90 days g

waiting period                              agreed value g                           indemnity g


 * If you are applying for agreed value salary continuance cover, the following additional financial information is also required:
     If you are self employed
     ▪ Profit & Loss statements for your business or practice (including any trusts if applicable) for the last 2 years,
     ▪ your income tax returns and notice of assessments including any business entities
       for the last 2 years, and
     ▪ if you are applying for cover of $15,000 per month or more, Statement of Assets
       and Liabilities (held personally or in trust) from your accountant.
     If you are not self employed and you are applying for cover
     ▪ up to $12,500 per month, income tax return and notice of assessment for the last year, or
     ▪ above $12,500 per month, income tax returns and notice of assessments for the last 2 years, or
     ▪ above $15,000 per month, income tax returns and notice of assessments for the last 2 years plus Statement of Assets
       and Liabilities (held personally or in trust), from your accountant.

Insurance premiums will be paid proportionally from your Investment Options.




80        page 2 of 8
                                 Perpetual Select Super Plan – Insurance application – standard




3a. Personal statement – Part 1
    annual                                                      number of hours                   height                  weight
            $
     salary                                                     worked per week                     (cm)                    (kg)
1. Do you permanently reside in Australia?
                                                                                                                            no g        yes g
                                                                                                                            no g        yes g
2. Have you smoked tobacco or any other substance in the last 12 months?


  If yes, please state forms and quantities:
3. Do you drink more than 20 standard drinks of alcohol per week?
                                                                                                                            no   g      yes   g
  If yes, please provide forms and quantities:
4. Do you have existing life, disability or trauma cover on your life
   (including any current applications held with any insurer?)                                                              no   g      yes   g
If yes, please provide the policy details in the schedule below.
 Commencement date                      Insurer                    Type of cover               Amount of cover             To be replaced

                                                                                                                            no g        yes g
                                                                                                                            no g        yes g

At the date of application:
5. Are you absent from work or unable to carry out all of the duties of your current or usual occupation on a full
   time basis due to injury or illness (even if you are not currently working on a full time basis or are unemployed)?
                                                                                                                            no g        yes g
                                                                                                                            no g        yes g
6. In the last three (3) years, have you had any medical advice or treatment, taken prescribed or illicit drugs or been
   hospitalised for any injury or illness (excluding for colds or flus)?

                                                                                                                            no g        yes g
7. Have you ever had back or neck pain for seven (7) or more consecutive days, or have you ever had mental/
   nervous/stress disorders, cancer, blindness or deafness?

                                                                                                                            no g        yes g
8. Are you under any treatment by diet, medication, or sedative drugs?


                                                                                                                            no g        yes g
9. Has any company ever refused or applied special or modified conditions or cancelled any proposal to insure
   you for a life or disablement policy?

                                                                                                                            no g        yes g
10. Have you ever engaged or are you ever likely to engage in any aviation (other than as a fare paying passenger)
    or in any hazardous occupation, recreation, pastime, pursuit or sport (eg motor car racing, professional
    football, scuba diving over 30m depth)?
If you answered yes to any of the questions above, please provide full details:




                                                                                                                          page 3 of 8         81
                                    Perpetual Select Super Plan – Insurance application – standard




3b. Personal statement – Part 2
Section A: Medical details
Have you ever had or received treatment for or had symptoms of:
 a. High blood pressure or blood disorder eg leukaemia, anaemia or haemophilia?
                                                                                                                               no g     yes g
                                                                                                                               no g     yes g
 b. Heart, vein or circulatory disorder, including chest pain, heart attack, heart murmur, raised cholesterol or
    rheumatic fever?

                                                                                                                               no g     yes g
 c. Mental or nervous disorder (eg stress, depression, insomnia), fainting, epilepsy, paralysis, multiple sclerosis,
    migraines, brain disorder or any neurological disorder?
 d. Gout, arthritis, rheumatism, cartilage or ligament injury, bone fracture or hernia?
                                                                                                                               no g     yes g
                                                                                                                               no g     yes g
 e. Back or neck pain, whiplash, sciatica or any muscle or joint disorder?


                                                                                                                               no g     yes g
 f. Asthma, bronchitis or other respiratory disorder?


                                                                                                                               no g     yes g
 g. Stomach, intestinal or rectal disorder, bleeding from bowel, ulcer, gall bladder or liver disorder, including hepatitis?


                                                                                                                               no g     yes g
 h. Diabetes, thyroid or prostate disorder?


                                                                                                                               no g     yes g
 i. Cancer, tumour or any form of breast lump (even if you have not seen a doctor)?


                                                                                                                               no g     yes g
 j. Impairment / disorder of hearing or sight (other than short or long sightedness fully correctable by glasses) or
    loss of any limb?

                                                                                                                               no g     yes g
 k. Dermatitis, psoriasis or any skin disorder?


                                                                                                                               no g     yes g
 l. Kidney, bladder, blood in urine or reproductive organ disorder?


                                                                                                                               no g     yes g
 m. Sexually transmitted diseases?


                                                                                                                               no g     yes g
 n. Drug or alcohol dependence?


                                                                                                                               no g     yes g
 o. Any other medical conditions not mentioned above?


                                                                                                                               no g     yes g
 p. Hepatitis B or C or have you ever been told you are a Hepatitis B or C carrier?

 Females only
 (i) Female organ disorder (including abnormal pap smear, breast ultrasound or mammogram)?
                                                                                                                               no g     yes g
                                                                                                                               no g     yes g
 (ii) Are you currently pregnant?

     If yes, date of expected delivery   gg gg gggg
 AIDS statement
 (i) Have you suffered from Acquired Immune Deficiency Syndrome (AIDS) or been infected with the HIV virus
                                                                                                                               no g     yes g
     or are you carrying antibodies to the HIV virus?

                                                                                                                               no g     yes g
 (ii) Since 1980, have you used intravenous drugs, engaged in male to male anal sexual activity or worked
      as a prostitute?

                                                                                                                               no g     yes g
 (iii) Have you had sexual intercourse with someone you know or suspect to be HIV positive?

If you answered 'YES' to any questions in the AIDS statement (i) – (iii) above, a 'Confidential Lifestyle' questionnaire
will need to be completed.
Section B: Further medical background
 1. Are you considering consulting a doctor, seeking a medical examination, advice treatment, tests or an operation?
                                                                                                                               no   g   yes   g
 2. During the last five (5) years have you:
 a. Had any examination, advice or treatment by a medical practitioner, chiropractor or other health professionals?
                                                                                                                               no g     yes g
                                                                                                                               no g     yes g
 b. Been in hospital, clinic or nursing home?


                                                                                                                               no g     yes g
 c. Been advised to have an operation?


                                                                                                                               no g     yes g
 d. Had any tests, including blood tests, ECG, x-rays or genetic tests?


                                                                                                                               no g     yes g
 e. Occasionally or regularly taken any medication, drugs, stimulants, sedatives or tranquillisers?




82        page 4 of 8
                                 Perpetual Select Super Plan – Insurance application – standard




If you answered YES to any of the questions in Sections A or B, please complete remainder of form. Otherwise, go
to Sections D, E and F.

Section C: Answers in detail
If you answered YES to ANY question in Sections A or B, please provide details in the schedule below. If there is insufficient space,
please provide a signed and dated supplementary statement.

 question                            time off                            date of                        degree of
 reference                              work                       illness/injury                      % recovery

 illness, injury or tests


 results of tests

 reason and type of treatment including date of last symptoms




 full name and address of doctor or hospital (if any)



Section D: Family history
 1. Have any of your parents, brothers or sisters (living or deceased) had Huntington’s disease, muscular
    dystrophy, cystic fibrosis, familial polyposis, polycystic disease or any other hereditary disorder?                no   g      yes   g
 2. Have any of your parents, brothers or sisters (living or deceased) been diagnosed prior to age 65 with any
    of the following conditions: diabetes, heart disease, mental illness, haemophilia, haemochromatosis, high
    blood pressure, high cholesterol, breast cancer, bowel cancer or any other cancer (please specify type),
    stroke or kidney disease?                                                                                           no   g      yes   g
 If YES, to 1 or 2 above, please provide details in the schedule below.
 Relation                         Condition/Illness                                            Age at onset            Age at death
                                  (For cancer – specify type)                                (approximately)         (approximately)




                                                                                                                      page 5 of 8         83
                                   Perpetual Select Super Plan – Insurance application – standard




Section E: Doctors details

name of doctor                                                       name of doctor

ggggggggggggggggg ggggggggggggggggg
address                                                              address

ggggggggggggggggg ggggggggggggggggg
ggggggggggggggggg ggggggggggggggggg
suburb                                                               suburb

ggggggggggggggggg ggggggggggggggggg
state                   postcode                                     state                postcode

ggg                     gggg                                         ggg                  gggg
telephone                                                            telephone

gg gggg gggg                                                         gg gggg gggg
date of last consultation                                            date of last consultation

gg gg gg                                                               gg gg gg
how long have you been a patient?                                    how long have you been a patient?

ggggggggggggggggg ggggggggggggggggg
Section F: Further salary details (for salary continuance only)
1a. Please state your monthly salary from your current occupation (net of business expenses but before tax).
    Please refer to the definition of salary on page 42 of the PDS for further information.
     principal
                                                          $
     occupation:                          current year                                       per month

                                                          $
                                          previous year                                      per month
1b. how long have you been at your
    current occupation?                                        years                         months
     how much of the above income
                                          $
     will continue if you are disabled?
     i. for how long?
                                                                                             years/months
     ii. state source of income
         (eg. sick leave)

 2. if you became disabled, would you receive income from other sources?                         no   g     yes   g
     if yes

     a. how much:
                                          $
                                                                                             per month
     b. for how long
                                                                                             years/months
     c. state source of income


 3. do you also perform another occupation?                                                      no   g     yes   g
     if yes, describe the daily duties of this occupation (including manual work)




84        page 6 of 8
                                 Perpetual Select Super Plan – Insurance application – standard




 4. do you receive any unearned income?
    (eg. from investments such as rental property or dividends)                                      no   g       yes   g
                                         $
     if yes, how much?                                                                             per month
 5. what was your previous
    occupation?

 6. are you self-employed by your own company                                                        no   g       yes   g
     if yes

     a. date your business started      gg gg gggg
     b. how long have you been
        self-employed?                                                                             years/months
     c. what percentage
                                                                          %                                         %
        of your work is:                i. freelance?                              ii. contract?
     d. if self-employed, did your business make a loss in the last financial year?
                                                                                                     no   g       yes   g
        If yes, please provide copies of Profit and Loss Statements for the last two (2) years.
     e. how many people do
        you employ?
 7. have you or any business with which you were associated ever been made bankrupt or
    placed in receivership, involuntary liquidation or under administration?                         no   g       yes   g
     if yes, when                       gg gg gggg
     date of discharge                  gg gg gggg
 8. do you work at home?                 no g yes g
     if yes, state percentage
                                                              %
     of the time
 9. do you earn commission
    or bonuses?                              no   g     yes   g
     if yes, state percentage
                                                              %
     of total income


4. General declaration
▪ Truth and Accuracy – I hereby declare that to the best of my knowledge and belief all of the answers to questions on this Insurance
  application form are true and accurate and I have not deliberately withheld any information material to the proposed insurance.
▪ Changes to Contract – I understand that I must advise the Insurer of any material change in my health during the period between the
  application date shown below and the cover commencement date. I understand that my failure to advise of such a change may make
  the contract of insurance voidable by the insurer.
▪ Acceptance of the application – I note that this application is subject to acceptance by the Insurer and that the insurance cover does
  not commence until I have been advised by AIA Australia or the Plan about acceptance of my application.
▪ Duty of Disclosure – I acknowledge that I have read and understood the Duty of Disclosure notice in accordance with the Insurance
  Contracts Act 1984 as detailed on page 38 of the Perpetual Select Super Plan PDS.
  Warning: You have a duty to disclose all information relevant to the insurer’s decision to accept your application.
▪ Privacy Statement – I have read and understood the Privacy disclosure as detailed on page 51 of the Perpetual Select Super Plan
  PDS. I consent to my personal information being collected and used and disclosed in accordance with the Privacy disclosure.
▪ Consent to provide personal health information to my adviser – I consent to allow Perpetual to provide my adviser with any
  personal health information to assist the Trustee and Insurer in assessing my application for insurance.
    I do not authorise my financial adviser to be provided with any personal health information submitted in relation to my application
    for insurance.



              signature                                                                            date   gg gg gggg


                                                                                                                            page 7 of 8   85
                                           Perpetual Select Super Plan – Insurance application – standard




5. Consent
Consent to Disclose – I consent to AIA Australia and to the Trustee on behalf of AIA Australia, seeking medical information from
any doctor who at any time I have consulted prior to the date below. While I am insured, I authorise the provision of such information
to AIA Australia. I consent to the use of my personal information to be used as outlined on page 51. I agree to be bound by the
provisions of the Policy Document between AIA Australia and the Trustee, which govern the terms of life insurance and conditions set
out in this document.



                  signature                                                                             date   gg gg gggg
6. Medical authority

     I,   ggggggggggggggggggggggggggggg
authorise any Medical Practitioner, hospital, clinic or other person (including any life insurance company, underwriter or third party
acting on behalf of AIA Australia), to disclose to AIA Australia full details of my health and medical history. I agree that a photocopy or
facsimile of this authority should be considered as effective and valid as the original.



                  signature                                                                             date   gg gg gggg
Would you like an underwriter to contact you to clarify any information?                       no   g                  yes g


7. Adviser use only
Insurance commission

 Please nominate how you would like your insurance commission paid. If you do not nominate we will pay you level commissions.

 g        level

 g        stepped (upfront)

Adviser details


      adviser name    gggggggggggggggggggggggggg
     phone (business
               hours) g g g g g g g g g g             mobile g g g g g g g g g g

               email g g g g g g g g g g g g g g g g g g g g g g g g g g g g

          adviser ID g g g g g g g g g
       [1] perpetual

      OR [2] dealer
       group AND           gggggggggggggggggggggggggggg
              b.dealer
              branch*      gggggggggggggggggggggggggggg
                           *City or suburb of the dealer group office you operate through

                           If Private Client Adviser details are completed above, please also provide name of your accountant

                           gggggggggggggggggggggggggggg

 adviser signature                                                                          date   gg gg gggg                ADVISER
                                                                                                                              STAMP




86           page 8 of 8
                                   Perpetual Select Super Plan
                                   Product Disclosure Statement
                                   Issue number 4 dated 31 March 2010
                                   Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 RSE L0003315




Nomination of beneficiary
1. Investor details
          client number  g g g g g g g g g account number g g g g g g g g g g g
         first name(s) g g g g g g g g g g g g g g g g g g g g g g g g g

             last name g g g g g g g g g g g g g g g g g g g g g g g g g

     phone (after hours) g g g g g g g g g g phone (business hours) g g g g g g g g g g


2. Beneficiary details
Please read the ‘Important notice for beneficiary nominations’ on the following page before you complete this section.
If you want all or part of the benefit to be paid to your estate (and distributed in accordance with your Will) you should write ‘LPR’ in the field
titled ‘relationship to investor’ (LPR is an abbreviation for Legal Personal Representative).

Beneficiary 1

              first name  ggggggggggggggggggggggggg
             last name g g g g g g g g g g g g g g g g g g g g g g g g g

            date of birth g g g g g g g g relationship to investor g g g g g g g g g g g g

Beneficiary 2

           first name(s)  ggggggggggggggggggggggggg
             last name g g g g g g g g g g g g g g g g g g g g g g g g g

            date of birth g g g g g g g g relationship to investor g g g g g g g g g g g g

Beneficiary 3

           first name(s)  ggggggggggggggggggggggggg
             last name g g g g g g g g g g g g g g g g g g g g g g g g g

            date of birth g g g g g g g g relationship to investor g g g g g g g g g g g g

Beneficiary 4

           first name(s)  ggggggggggggggggggggggggg
             last name g g g g g g g g g g g g g g g g g g g g g g g g g

            date of birth g g g g g g g g relationship to investor g g g g g g g g g g g g


Super Plan
 nomination type (only choose one)
                                            Binding     g         or                                    Beneficiary 1                         %
                                                                                                                                              %
                                            Non-binding g
                                                                                                        Beneficiary 2
                                                                                                        Beneficiary 3                         %

                                                                                                        Beneficiary 4                         %

                                                                                                        Total                               100%



                                                                                                                              page 1 of 2        87
                                            Perpetual Select Super Plan – Nomination of beneficiary




3. Declaration by investor                                (must be completed)
I direct the Trustee to distribute the benefit payable in respect of me in the event of my death in accordance with this form.



        investor signature                                                                                               date   gg gg gggg
4. Declaration by witnesses                                   (Binding nomination only)
I declare that I am over the age of 18 and this binding nomination was signed by the investor in my presence. Please ensure that the date
each of the witnesses signs this form is the same as the date the investor signs, otherwise this nomination will not be valid.
Witness 1

               first name(s)     ggggggggggggggggggggggggg
                   last name     ggggggggggggggggggggggggg
            postal address       ggggggggggggggggggggggggg
                      suburb     g g g g g g g g g g g g g state g g g postcode g g g g
                    signature                                                                                            date   gg gg gggg
Witness 2

               first name(s)     ggggggggggggggggggggggggg
                   last name     ggggggggggggggggggggggggg
            postal address       ggggggggggggggggggggggggg
                      suburb     g g g g g g g g g g g g g state g g g postcode g g g g
                    signature                                                                                            date   gg gg gggg
Important Notice for Beneficiary Nominations
▪ For the Super Plan you are only able to make either a binding or non-binding nomination. You are not able to nominate a reversionary beneficiary.
For the purpose of paying a death benefit, a dependant is:
▪ a person who is financially dependent upon you at the date of death
▪ a child, adopted child, step-child, ex-nuptial child or
▪ a spouse (including a de facto spouse), or
▪ a person with whom you have a close personal relationship and share a residence with and one or each of you provides the other with financial support,
  domestic support and personal care or
▪ a person with whom you have a close personal relationship, but the other requirements detailed above aren’t satisfied because either or both of you suffer
  from a physical, intellectual or psychiatric disability.

Binding nomination rules
▪ In order to be effective, a binding nomination must be signed by two witnesses who are at least 18 years old and who are not named in this nomination form.
     Also, in order to have effect, this form must be delivered to the Trustee.
▪ Only your dependants or legal personal representative are eligible to receive your death benefit. Eligibility of a nominated person is determined at the date of your death.
▪ A binding nomination is effective for three years after the day it was first signed, or last confirmed or amended by the investor. If you wish to confirm your nomination
     for another three years, you may do so by providing a signed notice to that effect to the Trustee.
▪ Your binding nomination will also cease to have effect if you subsequently marry, remarry or divorce.
▪ If you wish to amend or revoke your binding nomination you may do so by providing a notice to that effect to the trustee witnessed in the same manner as your
     original nomination (by two persons over the age of 18 years who are not named in the nomination form). We will provide a form for this purpose upon request.
▪ If a dependant nominated to receive a benefit predeceases the investor or if a person nominated is not a dependant or legal personal representative at the time of
     death, that person’s benefit will be distributed equally amongst the surviving nominated dependants or current legal personal representative. If there are no surviving
     nominated dependants or nominated legal personal representative it will be paid in accordance with the Trustee’s discretion.
▪    You must provide all details requested in this form. If you do not, the Trustee may need to contact you to obtain further information. In the absence of certain
     information, the rules governing binding nominations adopted by the trustee provide for the following:
     – If you fail to specify any proportion, the benefit will be distributed equally amongst those persons nominated who are eligible to receive a benefit. If you do
        nominate percentages in respect of all nominated persons but the sum of the percentages is other than 100%, the percentages will be adjusted proportionately.
     – If you specify a proportion in respect of some but not all of the nominated persons the residual amount will be distributed equally amongst those nominated
        persons in respect of whom no proportion is specified. In the event there is no residual amount, no benefit will be paid to those persons in respect of whom
        no proportion is specified.



88            page 2 of 2
                                   Perpetual Select Super Plan
                                   Product Disclosure Statement
                                   Issue number 4 dated 31 March 2010
                                   Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 RSE L0003315




Fund choice nomination
This form provides all the information your employer will need by law to pay your contributions into Perpetual Select Super Plan
(the ‘Super Plan’), including a letter from the trustee of the Super Plan stating it is a complying superannuation fund, and that it accepts
employer contributions (overleaf), and information about how your employer can make contributions to the Super Plan on your behalf
(below). Some employees may not be eligible to choose their own superannuation fund. Please speak to your employer or visit
www.superchoice.gov.au for more information.
Instructions for completing this form: 1. If you are not already a Super Plan member you will need to apply first;
                                       2. Complete and sign this form; and
                                       3. Submit this form to your Employer.

1. Chosen fund details
 Fund Name Perpetual’s Select Superannuation Fund, known as Perpetual Select Super Plan

 client number    ggggggggg                                       account name

 fund Australian Business Number (ABN)            51 068 260 563
 fund contact                                     phone 1800 003 001


2. Chosen fund payment methods
BPAY – Your employer can use one of the following payment methods to pay superannuation contributions on your behalf:
           BPAY® is a secure and convenient way to make contributions into your super. If you wish to make contributions via BPAY please
           contact Perpetual on 1800 003 001 to request the generation of your personalised Reference Number. You will be notified of
           your individual Reference Number in writing. Please enter your Reference Number below when you receive it.



              Employer contribution
               and Salary Sacrifice                Personal Contribution         Spouse Contribution
                Biller Code: 989277                Biller Code: 989475           Biller Code: 514281
                Ref No:                            Ref No:                       Ref No:


Cheque – Please state the contribution type for each payment and provide information that identifies the recipient account including fund
name, client number and name (as shown in section 1).
   Payable to             PIML – Select Super <name of member>
   Address                Perpetual Select Super Plan
                          Perpetual Investment Management Limited
                          GPO Box 4171, Sydney NSW 2001
Note: All contributions will be invested according to your most recent investment strategy.


3. I request that all future employer contributions are made to the fund
   specified above
     employer name(s)       ggggggggggggggggggggggggg
       employee name        ggggggggggggggggggggggggg
          employee no.      g g g g g g g g g g (if applicable)
               signature
            of employee                                                                            date   gg gg gggg
If you have any questions or require further information, please contact Perpetual Select Client Service Team on 1800 003 001.

Please submit this form to your employer. Do not send it to Perpetual.
® Registered by BPAY Pty Ltd ABN 69 079 137 518




                                                                                                                           page 1 of 1         89
This page left blank intentionally.
                                 Perpetual Select Super Plan
                                 Product Disclosure Statement
                                 Issue number 4 dated 31 March 2010
                                 Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 RSE L0003315




Complying fund statement                                                                                        Perpetual
                                                                                                                Superannuation Limited
                                                                                                                ABN 84 008 416 831
                                                                                                                AFSL 225246
                                                                                                                RSE L0003315
                                                                                                                Level 12, Angel Place
                                                                                                                123 Pitt Street
                                                                                                                GPO Box 4171
                                                                                                                Sydney NSW 2001
                                                                                                                Australia
                                                                                                                www.perpetual.com.au

To Whom It May Concern,                                                                                         Investor service
                                                                                                                Telephone 1800 003 001
                                                                                                                Fax (02) 8256 1444

Perpetual’s Select Superannuation Fund
RSE Registration No. R1057034
Australian Business Number (ABN): 51 068 260 563
Superannuation Product Identification Number (SPIN): PER0138AU

Complying Fund Statement
Perpetual’s Select Superannuation Fund (the Fund) is a complying superannuation fund and a resident
regulated superannuation fund within the meaning of the Superannuation Industry (Supervision) Act 1993.
The trustee of the Fund (Perpetual Superannuation Limited (the Trustee)) has not received a written notice
directing the Trustee not to accept any contributions made to the Fund by an employer-sponsor.


Contribution acceptance section
The Fund accepts all contribution types including superannuation guarantee contributions from any employer
on your behalf.


Yours faithfully

Directors, Perpetual Superannuation Limited




                                                                                                                      page 1 of 1        91
This page left blank intentionally.
                                 Perpetual Select Super Plan
                                 Product Disclosure Statement
                                 Issue number 4 dated 31 March 2010
                                 Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 RSE L0003315




Transfer authority
1. Applicant details
You must complete a separate Transfer authority for each fund you are transferring from. Please photocopy as many forms as you
need and send to each fund you are rolling your money from.

                   title Mrg Mrs g Miss g Ms g other date of birth g g g g g g g g

          first name(s)   ggggggggggggggggggggggggg
             last name    ggggggggggggggggggggggggg
       tax file number1   ggg ggg ggg
                          1. While you are not obliged to disclose your tax file number, there may be tax consequences if you do
                             not provide it.

               gender male  g female g
    phone (after hours)   g g g g g g g g g g phone (business hours) g g g g g g g g g g
       postal address     ggggggggggggggggggggggggg
               suburb     g g g g g g g g g g g g g state g g g postcode g g g g
                          If the address held by your ‘FROM’ fund is different to your current address, please give details below.

     previous address     ggggggggggggggggggggggggg
               suburb     g g g g g g g g g g g g g state g g g postcode g g g g
2. Fund details
FROM                                                                  TO

                                                                                                PERPETUAL’S SELECT
fund name                                                             fund name
                                                                                                SUPERANNUATION FUND


fund address                                                          fund phone number         gggg ggg ggg
                                                                                                1 8 0 0 0 0 3 0 0 1

                                                                      client number
                                                                      (if known)

fund phone number           gg gggg gggg                              account number
                                                                      (if known)
                                                                      Australian business
client number
                                                                      number (ABN)              gg ggg ggg ggg
                                                                                                5 1 0 6 8 2 6 0 5 6 3
Australian business
number (ABN) (if known)    gg gggg gggg
superannuation product
identification number
(SPIN), if known            gg gggg gggg
 I authorise the transfer of g the total value or g partial value       $             of my benefit in the above superannuation
 fund or policy to: Perpetual Superannuation Limited, Perpetual Select Super Plan, GPO Box 4171, Sydney NSW 2001.
 Please make cheque payable to: ‘PIML – Select Super Plan [name of members]’
 Send the cheque and Rollover Benefit Statement directly to Perpetual.




                                                                                                                    page 1 of 2      93
                                  Perpetual Select Super Plan – Transfer authority




3. Proof of identity
If you do not provide proof of identity with this form your ‘FROM’ fund may not release your benefit and delay transferring it to us
until you do.

     I have attached a certified copy of my driver’s licence or passport
or

I have attached certified copies of my:

     Birth/Citizenship Certificate or Centrelink Pension Card
AND

     Centrelink payment letter or Government or local council notice (less than one year old) with name and address
Certification of personal documents
All copied pages of ORIGINAL proof of identification documents (including any linking documents) need to be certified as true
copies by an individual approved to do so (see below).
The person who is authorised to certify documents must sight the original and the copy and make sure both documents are
identical, then make sure all pages have been certified as true copies by writing or stamping ‘certified true copy’ followed by their
signature, printed name, qualification (eg Justice of the Peace, Australia Post employee, etc) and date.
The following people are authorised to certify documents:
▪ a permanent employee of Australia Post with five or more years of continuous service
▪ a finance company officer with five or more years of continuous service (with one or more finance companies)
▪ an officer with, or authorised representative of, a holder of an Australian Financial Services Licence (AFSL), having five or more
  years continuous service with one or more licensees
▪ a notary public officer
▪ a police officer
▪ a registrar or deputy registrar of a court
▪ a Justice of the Peace
▪ a person enrolled on the roll of a State or Territory Supreme Court or the High Court of Australia, as a legal practitioner
▪ an Australian consular officer or an Australian diplomatic officer
▪ a judge of a court
▪ a magistrate, or
▪ a Chief Executive Officer of a Commonwealth court.


4. Authorisation
By signing this request form I:
▪ declare I have fully read this form and the information completed is true and correct
▪ am aware I may ask my superannuation provider for information about any fees or charges that may apply, or any other
  information about the effect this transfer may have on my benefits, and do not require any further information
▪ discharge the superannuation provider of my ‘FROM’ fund of all further liability in respect of the benefits paid and transferred to
  my ‘TO’ fund.
I consent to the transfer of superannuation as described above and authorise the superannuation provider of each fund to give
effect to this transfer.


           first name(s)    ggggggggggggggggggggggggg
              last name     ggggggggggggggggggggggggg
                signature                                                                     date   gg gg gggg



94        page 2 of 2
                                  Perpetual Select Super Plan
                                  Product Disclosure Statement
                                  Issue number 4 dated 31 March 2010
                                  Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 RSE L0003315




Compliance letter                                                                                                Perpetual
                                                                                                                 Superannuation Limited
                                                                                                                 ABN 84 008 416 831
                                                                                                                 AFSL 225246
                                                                                                                 RSE L0003315
This letter can be provided to the fund you are rolling over from                                                Level 12, Angel Place
in order to confirm that Perpetual Select Super Plan is part of a complying fund.                                123 Pitt Street
                                                                                                                 GPO Box 4171
                                                                                                                 Sydney NSW 2001
                                                                                                                 Australia
                                                                                                                 Investor service
                                                                                                                 Telephone 1800 003 001
                                                                                                                 Fax (02) 8256 1444
To Whom It May Concern,



Perpetual’s Select Superannuation Fund
RSE Registration No. R1057034
Australian Business Number (ABN): 51 068 260 563
Superannuation Product Identification Number (SPIN): PER0138AU (Super Plan)

Perpetual’s Select Superannuation Fund (the Fund) is a complying superannuation fund constituted under a trust deed
dated 1 March 1989 (as amended) (Trust Deed). The Trustee of the Fund is Perpetual Superannuation Limited.
The Trust Deed complies with the preservation and portability standards currently imposed on complying superannuation
funds under the Superannuation Industry (Supervision) Act 1993 (Cth) and Regulations.
Yours faithfully

Directors, Perpetual Superannuation Limited




                                                                                                                       page 1 of 1        95
This page left blank intentionally.
Contact details
For further information, or a copy of any of our product disclosure
statements, please contact Perpetual.

Website www.perpetual.com.au

Email      selectfunds@perpetual.com.au

Phone      During business hours (Sydney time)
           1800 003 001

Fax        02 8256 1444

Postal address
No stamp required if posted in Australia

Reply Paid 4171
Perpetual Select Super Plan
GPO Box 4171
Sydney NSW 2001
                               27237_DAPSSP1_0310
Australian Capital Territory
Level 4
10 Rudd Street
Canberra ACT 2601

New South Wales
Angel Place
Level 12
123 Pitt Street
Sydney NSW 2000

Queensland
Level 6
260 Queen Street
Brisbane QLD 4000

South Australia
Level 11
101 Grenfell Street
Adelaide SA 5000

Victoria
Until 30 May 2010:
Level 28
360 Collins Street
Melbourne VIC 3000

From 31 May 2010:
Level 35, South Tower
Rialto Towers
525 Collins Street
Melbourne VIC 3000

Western Australia
Exchange Plaza
Level 29
2 The Esplanade
Perth WA 6000

www.perpetual.com.au

				
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