Your guide to the Rollover and Allocated Pension Plan Product by guy26

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									                               Your guide
                               to the
                               Rollover and
                               Allocated
                               Pension Plan




Product Disclosure Statement
                                    Rollover and Allocated Pension Plan




Contents
Important information . . . . . . . . . . . . . . . . . . . . . . . . . . .1            Fees and other costs . . . . . . . . . . . . . . . . . . . . . . . . . .15
About this document . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1          Did you know? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15
The Plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1    Current fees and other costs . . . . . . . . . . . . . . . . . . . . . .16
Making your decision . . . . . . . . . . . . . . . . . . . . . . . . . . . .1           Additional explanation of fees and other costs . . . . . . . .17
Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1   Operational information . . . . . . . . . . . . . . . . . . . . . . . .20
Disclaimer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2   Complaints resolution . . . . . . . . . . . . . . . . . . . . . . . . . . .20
Obtaining up-to-date information . . . . . . . . . . . . . . . . . . . .2               Regular reports on your investment . . . . . . . . . . . . . . . . .21
Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3       Unit prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21
About the Scheme . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3           Reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21
About the Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3        How we manage your money . . . . . . . . . . . . . . . . . . . .22
About FuturePlus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3       Diversification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22
About the service providers . . . . . . . . . . . . . . . . . . . . . . . .3            Ethical investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22
Quality service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4    Sustainable investing . . . . . . . . . . . . . . . . . . . . . . . . . . .23
Effective investment choice . . . . . . . . . . . . . . . . . . . . . . . .4            Your choice of investment strategies . . . . . . . . . . . . . . . .23
Reasonable cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4        Risk and diversification . . . . . . . . . . . . . . . . . . . . . . . . . .24
Security and returns . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4         Changes to asset allocations . . . . . . . . . . . . . . . . . . . . . .24
Enquiries, help & information . . . . . . . . . . . . . . . . . . . . . . .4            Investment returns in recent years . . . . . . . . . . . . . . . . . .24
Plans at a glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5        Investment strategies in detail . . . . . . . . . . . . . . . . . . .25
Rollover Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6      High Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .25
Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6   Diversified . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .26
Summary of features . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6          Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .26
Who can join? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6      Capital Guarded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27
Personal contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . .6         Cash Plus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27
Spouse contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . .6           Investment managers and advisors in detail . . . . . . .28
Other contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7        Taxation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .32
Minimum contributions . . . . . . . . . . . . . . . . . . . . . . . . . . .7
                                                                                        Taxation on contributions and amounts rolled in . . . . . . .32
Government Co-contributions . . . . . . . . . . . . . . . . . . . . . .7
                                                                                        Tax on investment earnings . . . . . . . . . . . . . . . . . . . . . . .33
Payments from the Plan . . . . . . . . . . . . . . . . . . . . . . . . . .8
                                                                                        Tax on lump sum payments . . . . . . . . . . . . . . . . . . . . . .33
When benefits must be taken . . . . . . . . . . . . . . . . . . . . . .8
                                                                                        Reasonable Benefit Limits (RBLs) . . . . . . . . . . . . . . . . . .34
When benefits can be taken . . . . . . . . . . . . . . . . . . . . . . .8
                                                                                        Tax on pension payments . . . . . . . . . . . . . . . . . . . . . . . .34
What happens on your death? . . . . . . . . . . . . . . . . . . . . .9
                                                                                        Senior Australians tax offset . . . . . . . . . . . . . . . . . . . . . .36
Allocated Pension Plan . . . . . . . . . . . . . . . . . . . . . . . . .10              Tax on death benefits . . . . . . . . . . . . . . . . . . . . . . . . . . .36
Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10    Goods and Services Tax (GST) . . . . . . . . . . . . . . . . . . . .36
Summary of features . . . . . . . . . . . . . . . . . . . . . . . . . . . .11           Will your social security benefits be affected? . . . . . . . . .36
Who can join? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11       General provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . .37
Contributions to the Plan . . . . . . . . . . . . . . . . . . . . . . . . .11
                                                                                        What is an Eligible Termination Payment (ETP)? . . . . . . .37
Pension payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12
                                                                                        Family Law Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .37
Minimum, maximum and variations of pension payments . .12
                                                                                        Privacy statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .38
Commutations (Withdrawals) . . . . . . . . . . . . . . . . . . . . . .13
                                                                                        Glossary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .39
What happens on your death? . . . . . . . . . . . . . . . . . . . .14
                                                                                        Contact us . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .57

Issue No. 3 - Dated 1 July 2005
Issued by: Energy Industries Superannuation Scheme Pty Limited (ABN 72 077 947 285) Level 12, 28 Margaret Street, Sydney NSW 2000
Tel: (02) 8234 6000 or: 1300 883 788 Fax: (02) 9279 4130 Website: www.eisuper.com.au
Distributed by: FuturePlus Financial Services Pty Limited (ABN 90 080 972 630) is an Australian Financial Services Licensee, AFSL no: 238445


       Energy Industries Superannuation Scheme
                                                              Rollover and Allocated Pension Plan




Important information
About this document                                               Making your decision
his document is a Product Disclosure Statement (PDS)              The information in this PDS is of a general nature and is
which describes the main features of two superannuation           not financial product advice or a recommendation for
products, namely the Allocated Pension Plan and the               the Scheme. It has not been prepared taking into account
Rollover Plan, being offered by Energy Industries                 the particular objectives, financial situation, or needs of
Superannuation Scheme Pty Limited, in the Energy                  any person.
Industries Superannuation Scheme.
                                                                  You should read this PDS before making a decision to
                                                                  acquire either of these products. You should also seek
                                                                  advice from a qualified financial planner to determine if the
The Plans                                                         Plan is suitable to your needs and expectations.
The Allocated Pension Plan is for existing Scheme
members and some spouses of members, who have
retired and who wish to use an Eligible Termination               Interpretation
Payment (ETP)1 to produce a retirement income. The
                                                                  In this PDS:
allocated pension is subject to minimum and maximum
limits prescribed by legislation. Payments continue as long       ■ Energy Industries Superannuation Scheme (EISS) is
as there are funds in your account.                                 referred to as the ‘Scheme’;

Warning: This product may not provide a pension for the           ■ the Rollover Plan and the Allocated Pension Plan are
rest of your life.                                                  each referred to as the ‘Plan’ or ‘Division F’;

The Rollover Plan is for existing Scheme members and              ■ the Trustee of the Scheme, Energy Industries
some spouses of members who wish to invest an ETP or                Superannuation Scheme Pty Limited, is referred to as
other monies in the tax-effective superannuation                    the ‘Trustee’, ‘we’, ‘us’ & ‘our’;
environment.
                                                                  ■ members of the Plan are referred to as ‘you’ & ‘your’;
Warning: Due to superannuation laws and depending on
                                                                  ■ FuturePlus Financial Services Pty Limited
your circumstances, you may not be able to make cash
                                                                    (ABN 90 080 972 630) is an Australian Financial
withdrawals from the Rollover Plan whenever you wish.
                                                                    Services licensee (AFSL 238445) and is referred to as
The Plans do not provide any death or disablement                   ‘FuturePlus’; and
insurance cover.
                                                                  ■ all monetary amounts referred to in this document are in
The Scheme is governed by a Trust Deed. When you join               Australian dollars, unless otherwise specified.
the Plan you agree to be bound by the Trust Deed.




1 See General provisions on page 37.
                                                                                            FuturePlus Financial Services         1
                               Rollover and Allocated Pension Plan




    Disclaimer                                                       Obtaining up-to-date
    Neither the Trustee nor any investment manager,                  information
    administrator, other service providers, or any of their
                                                                     Some of the information in this PDS relates to the
    associated companies guarantee the performance of the
                                                                     2005/2006 financial year and changes annually. Up-to-date
    Plans, the Scheme or any of their investments, the
                                                                     information about fees, charges and investment returns will
    repayment of capital, or any particular rate of return.
                                                                     be provided in your annual statements and reports. Some
    The Trustee is not responsible for the advice given by, or       of the figures quoted in this PDS in relation to taxation vary
    the conduct of, FuturePlus Financial Services Pty Ltd1, or       annually, such as adjusted taxable income for surcharge
    any of its financial planners, authorised representatives, or    purposes, Reasonable Benefit Limits (RBLs) and tax free
    other officers or employees.                                     thresholds2.
                                                                     Updated information about matters that are not materially
                                                                     adverse to you can be obtained by contacting Member
                                                                     Services3. A paper copy of any updated information will be
                                                                     given to you without charge on request.
                                                                     The Scheme’s website contains general information about
                                                                     the Scheme, including documentation - such as a copy of
                                                                     the Trust Deed and annual reports, forms, historical returns
                                                                     and general publications. You can also register to gain
                                                                     access to your account details on line through the
                                                                     Scheme’s website www.eisuper.com.au.
                                                                     If you are printing an electronic copy of this PDS, you
                                                                     must print all pages, including the application forms. If you
                                                                     make this PDS available to another person, you must give
                                                                     them the entire electronic file or printout, including the
                                                                     application forms.




                                                                     1 See About the service providers on page 3.
                                                                     2 See Taxation section on page 32.
2        Energy Industries Superannuation Scheme
                                                                     3 See Enquiries, help and information on page 4.
                                                                Rollover and Allocated Pension Plan




Introduction
About the Scheme                                                    About FuturePlus
TEISS has assets of over $1.8 billion under management              These Plans are distributed by FuturePlus on behalf of
and is one of the larger superannuation schemes in                  the Trustee.
Australia. EISS is regulated primarily by the Superannuation
                                                                    FuturePlus was incorporated as a company in December
Industry (Supervision) Act 1993 (Commonwealth).*
                                                                    1997 and is jointly owned by the Trustee and the Trustee of
EISS and the Scheme were established on 30 June 1997 by             the Local Government Superannuation Scheme. Its role is
a Trust Deed* made under an Act of the NSW Parliament, for          to provide financial planning and administrative services to
the purpose of providing retirement benefits for public sector      the Scheme, the Local Government Superannuation
employees of certain Energy Industries bodies in NSW.               Scheme and other clients.
Under the Trust Deed, EISS is divided into two pools of             FuturePlus is able to provide financial advice to you as
assets and seven divisions. The assets of Divisions A, E, F         it holds an Australian Financial Services Licence (AFSL
and N are held in Pool A and the assets of Divisions B, C           no 238445).
and D are held in Pool B. The Scheme is provided under
                                                                    Each FuturePlus financial planner is authorised to provide
Division A in Pool A. Both Pools are complying
                                                                    advice under FuturePlus’ license.
superannuation funds* and are subject to concessional
taxation treatment.                                                 FuturePlus is committed to bringing members of the
                                                                    Scheme who have retired the same low-fee, high-value
To find out more about the pools and other divisions,
                                                                    service that they enjoyed as members of the Scheme when
contact Member Services1.
                                                                    they were working.
More about the Plans                                                If you are planning for your retirement, or considering a
                                                                    redundancy offer, FuturePlus will show you how to get the
The Plans are provided under Division F in Pool A of the
                                                                    most out of your money.
Scheme. They were launched on 30 March 1999.
                                                                    A FuturePlus financial planner will talk to you about possible
                                                                    investment strategies and explain to you the benefits and
About the Trustee                                                   the risks of each option before making any
                                                                    recommendation to you.
Energy Industries Superannuation Scheme Pty Limited is
the Trustee* of the Scheme and the Plans.                           Based on the information you provide, your FuturePlus
                                                                    financial planner may draw up a financial plan for you. They
The Trustee is responsible for managing the Scheme,                 will then will go through the plan with you and make sure that
including safe keeping of the assets and ensuring it                you understand it before you make any investment decision.
operates in accordance with the Trust Deed and
superannuation law.
The Trustee engages external experts such as investment             About the service providers
advisers* and investment managers*, administrator,
                                                                    The administrator of the Scheme is FuturePlus Financial
custodian*, accountants, solicitors and auditors to assist it
                                                                    Services Pty Limited. The administrator attends to the
with its obligations.
                                                                    day-to-day operation of the Scheme under a written service
The Trustee is located at:                                          agreement.
Level 12, 28 Margaret Street, Sydney
                                                                    FuturePlus is jointly owned by the Trustee and the Trustee
Contact details are:                                                of the Local Government Superannuation Scheme. The
PO Box N180                                                         Trustee undertakes that it will not deal with FuturePlus more
Grosvenor Place NSW 1220                                            favourably than it would deal with any other independent
Tel (02) 8234 6000                                                  service provider.
Fax (02) 9279 4130
www.eisuper.com.au
* See Glossary on page 39 for definitions.
1 See Enquiries, help and information on page 4.                                             FuturePlus Financial Services           3
                              Rollover and Allocated Pension Plan




    The Trustee has appointed FuturePlus Financial Services
    Pty Limited to manage the day-to-day provision of Member
                                                                    Reasonable cost
    Services. These services include Scheme and member              The Plans do not have any entry, exit or switching fees
    administration and a member benefits program (Fair Go           and the total fees are amongst the lowest in the
    Member Benefits Program) that provides a range of goods         superannuation industry.
    and services at special rates. Chifley Financial Services Pty
    Ltd1 is also allowed to market other products to members,
    such as a home loan facility.                                   Security and returns
    The Trustee has also appointed FuturePlus and Chifley as        The Scheme has assets of over $4.2 billion under
    investment managers to the Scheme (refer to page 29 for         management and over 87,500 members predominantly in
    more information). This appointment is also on ‘arms            NSW. Whilst this is not a guarantee of security or
    length’ terms.                                                  performance, this level of assets gives the Trustee
                                                                    continuous and cost effective access to professional advice
    The Trustees of the Local Government Superannuation
                                                                    and monitoring services.
    Scheme and the Energy Industries Superannuation
    Scheme and Unions NSW each own one third of Chifley’s           In addition to this, the Trustee is a non-profit company
    share capital.                                                  solely engaged in the management and control of the
                                                                    Scheme and its assets for the benefit of its members.
    The custodian of the Scheme is JPMorgan Chase Bank.
    The custodian holds the Scheme’s assets under a written
    service agreement.
    Information about the appointed investment managers is
                                                                     Enquiries, help & information
    set out on page 28 of this PDS.                                  If you have any enquiries about the Plans, including the
                                                                     structure, management, financial condition and
    The service providers’ charges are not additional charges        investment performance of the Plans, about your
    to those applied to the Scheme as detailed in the ‘Fees          account, or if you wish to make additional contributions,
    and other costs’ section on page 15.                             withdrawals, commutation, or change your investment
                                                                     strategies, please contact:

    Quality service                                                  FuturePlus Financial Services Pty Limited
                                                                     Ground Floor
    Services available to members include: internet access,          28 Margaret Street, Sydney
    professional call centre, ready access to FuturePlus
                                                                     Written enquiries should be sent to:
    financial planners, quarterly statements, seminars and
    newsletters. The Trustee directly and actively monitors the      FuturePlus Financial Services Pty Limited
    administration services provided and encourages feedback         PO Box N180
    from members regarding these services.                           Grosvenor Place NSW 1220
                                                                     Phone (02) 8234 6000 or 1300 883 788
                                                                     Fax (02) 9279 4130
    Effective investment choice
                                                                     Telephone enquiries can be made between 9.00am and
    Each Plan offers you a choice of 5 investment strategies.
                                                                     5.00pm on any business day - personal interviews are
    These strategies are designed to provide a suitable
                                                                     available by appointment only.
    investment vehicle to meet your needs. These choices can
    be tailored by mixing your investment strategies.                Please note that office hours may change to account for
                                                                     public holidays so please call us if you have any doubt
                                                                     on 1300 883 788.
                                                                     You can visit our website at www.eisuper.com.au

                                                                    1 For information about Chifley see page 29.

4        Energy Industries Superannuation Scheme
                                                            Rollover and Allocated Pension Plan




Plans at a glance
                            Rollover                                          Allocated Pension
 Who can join?              Only current members and spouses of members of the Scheme (subject to conditions).
 Fees and other costs
 Management costs           A fee comprising of an investment and             A fee comprising of an investment and
                            administration cost which varies, depending       administration cost which varies, depending
                            on the investment strategy selected, from         on the investment strategy selected, from
                            1.25% p.a. to 1.62% p.a. of assets invested.      1.25% p.a. to 1.62% p.a. of assets invested.
 Entry and exit fee         Nil                                               Nil
 Benefit payment fee        Nil                                               Nil
 Request for Family         $110 (including GST).                             $110 (including GST).
 Law information
 Benefit split fee          $44 for each party, or $88 if payable by          $44 for each party, or $88 if payable by
                            only one party (including GST).                   only one party (including GST).
 Switching fee              Nil                                               Nil
 Pension payment fee        Nil                                               Nil
 Financial plans            Nil if given by FuturePlus                        Nil if given by FuturePlus
 Quarterly statements       Nil                                               Nil
 Investment Strategies
 Strategies                 High Growth, Diversified, Balanced, Capital Guarded and Cash Plus
                            (You can mix investment allocations among these strategies)
 Contributions, withdrawals and pension payments
 Investments                The minimum initial contribution is $2,000        Initial ETP1 of at least $25,000.
                            with any number of subsequent                     Subsequent investments unless managed
                            contributions of a minimum of $1,000 each.        via the rollover facility will result in multiple
                                                                              allocated pension accounts.
 Withdrawals and            Up to 2 withdrawal requests may be made           Up to 2 commutation requests may be made
 commutations               each financial year. The minimum withdrawal       each financial year. The minimum withdrawal
                            amount is $2,000 or the remaining balance         amount is $2,000 or the remaining balance of
                            of your account, if the balance is less than      your account, if the remaining balance is less
                            $2,000 after the withdrawal. The minimum          than $2,000 after the withdrawal. The
                            account balance is $2,000. Subject to statutory   minimum account balance is $2,000.
                            restrictions on making cash withdrawals.
 Income frequency           Not applicable.                                   Your choice of monthly, quarterly, half yearly,
                                                                              or annually. Your payments will be directly
                                                                              deposited into your nominated account.
                                                                              Payments are made around the 20th day of
                                                                              the relevant month.
 Switching investment       No minimum amount or restriction on               No minimum amount or restriction on
 options                    number of investment switches.                    number of investment switches.



1 See General provisions on page 37.
                                                                                             FuturePlus Financial Services        5
                              Rollover and Allocated Pension Plan




    Rollover Plan
    Overview                                                        Who can join?
    The Rollover Plan provides a flexible and convenient way        You will be able to establish your Rollover Plan if you are:
    for you to invest your superannuation benefit previously
                                                                    ■ an existing member of the Scheme, including an
    accumulated in the Scheme, or another fund or certain
                                                                      existing spouse member; or
    payments paid on termination of employment.
                                                                    ■ by the discretion of the Trustee and subject to
    The Rollover Plan allows you to leave your
                                                                      superannuation law requirements, an existing
    superannuation entitlements in the tax-effective
                                                                      member’s spouse.
    superannuation environment.
    An individual account will be established for you as a
    member of the Scheme and your contributions will be             Personal contributions
    invested in accordance with your choice of one or more of
    the 5 investment strategy options.                              Personal contributions are accepted in the Rollover Plan.

    Your account comprises your original and subsequent             You can make personal contributions at any time, provided
    contributions, together with investment returns.                that at the time the contribution is made you are:

    The account is reduced through the payment of                   ■ under age 65; or
    withdrawals, taxes (where applicable) and fees and other        ■ between ages 65 to 74 you must have worked at least
    costs. The balance of your account at the relevant time is        40 hours in a period of not more than 30 consecutive
    called “your benefit”.                                            days during that financial year.
     Due to superannuation laws and depending on your               Members aged 75 and over cannot contribute any further
     circumstances, you may not be able to make cash                and must be paid their benefit.
     withdrawals whenever you wish.
                                                                    If you wish to make personal contributions, contact your
     If you leave the Plan at any time, you may receive less        financial planner for more information on how to do so.
     than you paid in, due to the impact of investment returns
                                                                    Personal contributions for which you may claim a tax
     and charges within the Plan.
                                                                    deduction cannot be accepted by the Plan.


    Summary of features                                             Spouse contributions
    The Rollover Plan has the following features:
                                                                    Eligible spouse contributions can be made for you at any
    ■ you can invest all or part of your benefit in the Scheme,     time provided that at the time the contribution is made you
      and any other eligible superannuation, or rollover            are under age 65.
      payments, in a tax-efficient environment;
                                                                    Spouse contributions are treated as undeducted
    ■ you can select your own mix of investment strategies          contributions for superannuation tax purposes and are
      from the range offered by the Trustee; and                    therefore not subject to 15% contributions tax, or the
    ■ you can make other contributions (if eligible under tax       contribution surcharge tax. Spouse contributions are also
      and superannuation laws).                                     tax free when received by you as a benefit, although
                                                                    investment returns earned with regard to these
                                                                    contributions may be taxed.
                                                                    If your assessable income is below $13,800 (including
                                                                    reportable fringe benefits) your spouse may also be able to
                                                                    claim a low income spouse tax rebate. See the Taxation
                                                                    section on page 32 for more information.

                                                                    1 See General provisions on page 37.

6        Energy Industries Superannuation Scheme
                                                            Rollover and Allocated Pension Plan




Other contributions                                             phases out as income increases at the rate of 5 cents in
                                                                the dollar and is no longer available where annual income is
You can contribute a superannuation payment split from a        $58,000 (the higher income threshold) or more. The
family law settlement or order to the Rollover Plan. See the    minimum co-contribution is $20.
General provisions section from page 37 for more
                                                                If your total income for tax purposes is $28,000 or less a
information about the Family Law Act. ETPs can be
                                                                year, the Government will now put in one dollar and fifty
contributed at any time. Other contributions may be
                                                                cents for every dollar you put into superannuation, up to a
accepted at the discretion of the Trustee1.
                                                                maximum co-contribution of $1,500 a year.
                                                                When your income is more than $28,000 but less than
Minimum contributions                                           $58,000 in a year of income, your co-contribution will be
                                                                adjusted based on your income and how much you
The minimum initial contribution is $2,000, with minimum
                                                                personally contribute. For example, if you are eligible and
subsequent contributions of any type of $1,000.
                                                                your income is $42,000 and you make personal
                                                                contributions of $1,000 during the relevant year you will be
                                                                entitled to a co-contribution of $800.
Government Co-contributions                                     The income thresholds will be indexed annually from
The Federal Government will make a co-contribution              2007/2008 onwards. The maximum co-contribution of
payment to the superannuation account of an eligible income     $1,500 is not indexed.
earner to match personal contributions made by the income
earner, commencing with contributions made in 2003/2004.        It will not be necessary to apply for the co-contribution. The
                                                                Australian Taxation Office will determine eligibility and make
From 1 July 2004, to qualify for a co-contribution, a person    the payment, based on annual information from
must, in the financial year in which the personal               superannuation funds and the contributor’s tax return.
contribution is made:
                                                                The co-contribution can be paid to your legal personal
■ make personal superannuation contributions to a               representative if you die, or directly to you if you satisfy
  complying superannuation fund or retirement                   another condition of withdrawal (such as being permanently
  savings account;                                              retired and over the preservation age or being Totally and
■ have total income (assessable income plus reportable          Permanently Disabled*).
  fringe benefits) less than $58,000;                           As the contributor must lodge a tax return, usually the
■ have 10% or more of your total income from eligible           co-contribution will not be paid until the financial year after
  employment;                                                   the year the contribution is made. The ATO must pay the
                                                                co-contribution within 60 days after receiving all necessary
■ not have held an eligible temporary resident visa at any      information and interest is payable on late payments.
  time during the year;
                                                                Contributions tax is not deducted from the co-contribution
■ have lodged an income tax return for the year of              payment. It is treated as a personal undeducted
  income; and                                                   contribution (ie post-tax) and is therefore tax free when
■ be less than 71 years old at the end of the year              paid as a benefit and does not count towards the
  of income.                                                    contributor’s RBL.

Only personal contributions (post-tax) qualify for a            If you made a personal superannuation contribution
co-contribution. SG contributions, salary sacrifice             between 1 July 2003 and 30 June 2004, you may still be
contributions and spouse contributions do not qualify.          eligible for the super co-contribution, however, your super
                                                                co-contribution amount will be determined based on the
The maximum co-contribution is $1,500 where the                 thresholds and matching levels that applied for that year.
contributor’s annual income is less than the lower income
threshold of $28,000. The co-contribution amount
1 See General provisions on page 37.
* See Glossary on page 39 for definitions.
                                                                                          FuturePlus Financial Services           7
                              Rollover and Allocated Pension Plan




    Payments from the Plan                                          When benefits must be taken
    Once you have met a condition of withdrawal (detalied           The Trustee must pay your benefit when you meet one of
    opposite), you may take your payment as:                        the following conditions of withdrawal:
    ■ a lump sum taken in cash, or rolled over to another           ■ if you are aged between 65 and 74 and were not
      superannuation product;                                         gainfully employed for at least 240 hours in the previous
                                                                      financial year;
    ■ an allocated pension (through the Allocated Pension
      Plan); or                                                     ■ if you are aged 75 (note that members already at least
                                                                      age 75 at 1 July 2004 can stay in the Scheme if
    ■ a combination of an allocated pension, lump sum
                                                                      working more than 30 hours per week); and
      or rollover.
                                                                    ■ when you die.
    For lump sum withdrawals, the minimum withdrawal amount
    is $2,000, or the remaining balance in your account, if the     Therefore, it is possible for the benefits to be kept in the
    remaining balance would be less than $2,000 after the           Rollover Plan up to and including age 74 as long as you were
    withdrawal. The minimum account balance is $2,000. Up to        gainfully employed for at least 240 hours in the previous
    two withdrawal requests may be made in each financial year.     financial year.
    Where you have more than one investment strategy you
    must nominate the investment strategy from which a
    withdrawal is to be deducted. If you do not make a              When benefits can be taken
    nomination, the withdrawal will be deducted proportionally      Superannuation is a long-term investment. The Federal
    from your selected investment strategies.                       Government has placed restrictions on when you can
    The decision on how to take your benefit need not be            withdraw your benefits. Generally speaking, you cannot
    made until you are close to retirement. If you choose to        voluntarily withdraw your benefits until you meet one of the
    receive all or part of your benefit as an allocated pension     following conditions of withdrawal where you:
    through the Scheme, you will be made a member of the            ■ reach preservation age (ie. age 55 for persons born
    Allocated Pension Plan.                                           before 1 July 1960, increasing in yearly steps up to age
    Applications for lump sum payments will generally be paid         60 for those born after 30 June 1964) and have
    within 5 working days.                                            permanently retired from the workforce;
                                                                    ■ cease employment at or after age 60;
                                                                    ■ reach age 65;
                                                                    ■ are totally and permanently incapacitated*;
                                                                    ■ prove severe financial hardship; or
                                                                    ■ prove compassionate grounds, which is subject to the
                                                                      approval of the Australian Prudential Regulation
                                                                      Authority (APRA).
                                                                    Until you meet a condition of withdrawal your
                                                                    superannuation benefits must be preserved* within the
                                                                    superannuation environment.




                                                                    * See Glossary on page 39 for definitions.

8        Energy Industries Superannuation Scheme
                                                                 Rollover and Allocated Pension Plan




What happens on your death?                                          Binding nomination
                                                                     The Trustee will soon be able to provide members with the
The balance of your account remaining on your death is
                                                                     option of making a binding nomination in favour of their
paid as a benefit to your spouse*, or (where you are not
                                                                     legal personal representative.
survived by a spouse) to your estate.
                                                                     If you make and maintain a valid binding death benefit
If your benefit is paid to your estate, it will be distributed
                                                                     nomination notice, the Trustee must distribute the benefit
according to your will. If you do not have a will, the benefit
                                                                     payable on your death in accordance with that notice.
will be distributed according to law.
                                                                     There are strict legal requirements for a binding death
Non-binding nomination                                               notice to be validly made and to remain valid. You can
Alternatively, you may nominate that the benefit be paid to          amend or revoke it any time.
your legal personal representative. This nomination is not           To remain valid, a binding death notice must be renewed at
binding on the Trustee. However, subject to law, the Trustee         least every 3 years.
will endeavour to pay your benefit in accordance with your
                                                                     A binding death notice will usually expire and cease to have
nomination.
                                                                     effect 3 years after being made or last amended. You can
If you have made a non-binding nomination the Trustee                confirm it at any time, which extends the term for another
may decide to pay your benefit to either or both your                3 years from the confirmation date.
spouse or your estate and, if both, in the proportions
                                                                     The Trustee must follow a valid binding death notice
determined by the Trustee.
                                                                     regardless of whether your circumstances have changed,
A non-binding nomination form can be found at the back of            so it is important that you keep it up to date.
this PDS.
                                                                     Your beneficiary may elect to convert all, or part of the
                                                                     benefit, to an allocated pension under the Allocated
                                                                     Pension Plan.
                                                                     Please note that at the time of printing the facility to make a
                                                                     binding nomination is not available. Please contact Member
                                                                     Services to find out more.




* See Glossary on page 39 for definitions.
                                                                                               FuturePlus Financial Services           9
                              Rollover and Allocated Pension Plan




     Allocated Pension Plan
     Overview                                                       In addition to regular pension payments, you can have all or
                                                                    part of your account balance paid as a lump-sum subject
     The Allocated Pension Plan offers an effective way of          to conditions.
     receiving your superannuation entitlements as an income
                                                                     Because of investment returns earned by the Plan and
     stream*, instead of one lump sum.
                                                                     the Plan’s charges, if you leave the Plan at any time you
     An allocated pension can provide a simple, flexible and         may get back less than you paid in.
     convenient way for you to convert your accumulated
                                                                    The pension you can draw from your account in a financial
     superannuation into a tax-effective income - your
                                                                    year is subject to minimum and maximum limits prescribed
     own pension.
                                                                    by federal legislation.
     The Allocated Pension Plan allows you to control your
                                                                    Payments will be made until the balance in your account
     retirement income, by simply pre-selecting how often and
                                                                    has been completely withdrawn.
     how much you wish to receive as a pension, within
     prescribed limits.                                              An allocated pension may not provide a pension for the
                                                                     rest of your life.
      An allocated pension may not be the most tax-effective
      pension or investment for you. See Taxation information
      on page 32 of this PDS and seek advice from your
      financial planner.
     An individual account will be established for you as a
     member of the Scheme and your Allocated Pension is paid
     from this account. Your contributions will be invested in
     accordance with your choice of one or more of the
     5 investment strategies.
     You may start your individual account with one or
     more ETPs1 from:
     ■ superannuation or rollover benefits payable to you from
       the Scheme, or another superannuation scheme, as an
       unrestricted non-preserved benefit*; or
     ■ any other source.
     The account is reduced by pension payments, taxes
     (in limited circumstances where applicable) and fees and
     other costs.




                                                                    * See Glossary on page 39 for definitions.
                                                                    1 See General provisions on page 37.
10        Energy Industries Superannuation Scheme
                                                            Rollover and Allocated Pension Plan




Summary of features                                             Who can join?
The Allocated Pension Plan has the following features:          You will be able to establish an Allocated Pension account
                                                                if you are an existing member of the Scheme, including an
■ investment earnings are free of tax in the hands of the
                                                                existing spouse member and one of the following applies:
  Trustee and are only taxed in the hands of the
  pensioner when paid as taxable income;                        ■ you have retired permanently and reached preservation
                                                                  age (ie. age 55 for persons born before 1 July 1960,
■ deferral or non-application of tax normally paid when a
                                                                  increasing in yearly steps up to age 60 for those born
  superannuation benefit is paid as a lump sum;
                                                                  after 30 June 1964);
■ the level of the pension may be varied within prescribed
                                                                ■ your ETP1 is an unrestricted non-preserved benefit*;
  limits, unlike complying pensions which have a fixed or
  indexed income stream;                                        ■ you have ceased employment with a Scheme employer
                                                                  and are age 60 or over;
■ the balance of your allocated pension may be
  commuted* and the balance, or part thereof, received          ■ you are age 65 or over (whether employed or not); or
  as a lump sum;
                                                                ■ you are totally and permanently incapacitated;
■ you have a choice of investment strategies and the
                                                                and you meet the minimum initial contribution level.
  flexibility to switch between them, which has the
  potential to give better performance, unlike lifetime
  pensions; and
                                                                Contributions to the Plan
■ any capital remaining invested upon your death is
  passed on to your spouse* or estate (and not forfeited).      You need a minimum amount of $25,000 to establish an
                                                                account in the Allocated Pension Plan. This must be
                                                                sourced from an ETP1. In most circumstances you can
                                                                boost your Allocated Pension by making additional
                                                                contributions before commencing the pension.
                                                                However, any additional ETPs you receive after the initial
                                                                contribution must each be invested in separate allocated
                                                                pension accounts.
                                                                It is common to consolidate these contributions prior
                                                                to commencing a pension. The Rollover Plan is ideal for
                                                                this purpose.




* See Glossary on page 39 for definitions.
1 See General provisions on page 37.                                                     FuturePlus Financial Services       11
                              Rollover and Allocated Pension Plan




     Pension payments                                               If you request a pension outside of either the maximum or
                                                                    minimum limits, we will adjust your payments up to the
     For your convenience, you may elect to have your pension       minimum or down to the maximum (as required).
     paid monthly, quarterly, half yearly or annually. Your
                                                                    Your age and your account balance at the beginning of the
     payments will be directly deposited into your nominated
                                                                    financial year determine the pension payment limits for that
     bank account.
                                                                    financial year. Each year we will provide you with details of
     The Trustee will deduct Pay-As-You-Go (PAYG) tax from the      these minimum and maximum pension payment amounts
     payments. Payments will normally be made on the                and request that you elect how much pension you would
     20th day of the relevant month. The amount of tax              like to receive within those limits.
     deducted may be reduced if you are entitled to the Senior
                                                                    If we do not receive a valid election from you, your
     Australians tax offset. For more information, see the
                                                                    last election will be applied, provided it satisfies the
     Taxation section on page 32 of this PDS and seek advice
                                                                    prescribed limits.
     from your financial planner.
                                                                    If your last election does not comply with the prescribed
     Pension payments will be deducted from investments in the
                                                                    limits, then the pension will be paid at either the maximum
     same proportion to your latest investment selection.
                                                                    or minimum prescribed amount, whichever is closest to
     If you do not make a nomination, you must nominate             your previous election.
     the investment strategies from which pension payments
                                                                    You can vary the amount and frequency of your pension
     are deducted.
                                                                    payments at any time throughout the year, so long as you
                                                                    remain within the prescribed limits.

     Minimum, maximum and                                            Example: A member who is 58 years of age and has an
                                                                     amount invested of $300,000 has the following pension
     variations of pension payments                                  limits as at the beginning of a financial year.
     There are minimum and maximum limits prescribed by              Minimum        = $300,000 x 5.38%          = $16,140 p.a.
     legislation on the pension payments that you can draw
     from your account each year, as set out in the table on the     Maximum        = $300,000 x 10.75%         = $32,250 p.a.
     next page.                                                      So the member can choose to take a pension for
     You can nominate the amount of pension you wish to              the year of anywhere between $16,140 p.a. and
     receive, within these limits.                                   $32,250 p.a.

     When a pension starts on a day other than 1 July, the
     pension limits and the annual pension amount will be
     calculated on the number of days the pension has to run
     during the remainder of the first year.




12        Energy Industries Superannuation Scheme
                                                                     Rollover and Allocated Pension Plan




The legislated pension limits, as percentages1 of your
individual account balance at 1 July each year, are:
                                                                         Commutations (Withdrawals)
                                                                         You may also request all (or part) of your account to be
 Age                   Minimum %                  Maximum %              paid to you as a lump sum (known as a ‘commutation’*).
                       of account                 of account             Up to 2 requests may be made each financial year.
 55                         5.05                       10.42             For lump sum withdrawals, the minimum withdrawal
 56                         5.15                       10.53             amount is $2,000 or the remaining balance in your account
 57                         5.26                       10.64             if the remaining balance would be less than $2,000 after
                                                                         the withdrawal. The minimum account balance is $2,000.
 58                         5.38                       10.75
 59                         5.49                       10.99             Applications for lump sum commutations will generally be
                                                                         paid within 5 working days.
 60                         5.62                       11.11
 61                         5.75                       11.24             Commutations made during the year do not affect the
                                                                         minimum and maximum limits on the pension payments
 62                         5.88                       11.49
                                                                         that you can draw from your account during that year,
 63                         6.02                       11.76             because those limits are determined on your account
 64                         6.17                       12.05             balance at the start of the year. They may affect your
 65                         6.37                       12.35             minimum and maximum pension payments in future years,
                                                                         due to the reduced account balance.
 66                         6.54                       12.66
 67                         6.71                       13.16             The tax implications of commuting your pension, wholly or
                                                                         partly, are complex. See the Taxation section on page 32 of
 68                         6.94                       13.70
                                                                         this PDS and seek advice from your financial planner to
 69                         7.14                       14.29             determine if a commutation is an appropriate step for you.
 70                         7.41                       15.15
 71                         7.63                       16.13
 72                         7.94                       17.24
 73                         8.20                       18.52
 74                         8.55                       20.83
 75                         8.85                       23.26
 76                         9.26                       27.03
 77                         9.62                       33.33
 78                        10.00                       45.45
 79                        10.53                       71.43
 80                        10.99                  No Maximum
1 We have rounded the percentages to 2 decimal places. This may
cause some slight variation from the actual limits. The amount
calculated must be rounded to the nearest $10.
Where the pension commences on or after 1 June in a year (for a
pension commencing on or after 1 October 2003), no minimum
pension limit will apply for that financial year. However, minimum and
maximum pension limits will apply in following years.




* See Glossary on page 39 for definitions.
                                                                                                 FuturePlus Financial Services         13
                                Rollover and Allocated Pension Plan




     What happens on your death?                                      Binding nomination
                                                                      The Trustee will soon be able to provide members with the
     The balance of your account remaining on your death is
                                                                      option of making a binding nomination in favour of their
     paid to your spouse* or (where you are not survived by a
                                                                      legal personal representative.
     spouse) to your estate.
                                                                      If you make and maintain a valid binding death benefit
     If your benefit is paid to your estate, it will generally be
                                                                      nomination notice, the Trustee must distribute the benefit
     distributed according to your will. If you do not have a will,
                                                                      payable on your death in accordance with that notice.
     the benefit will be distributed according to law.
                                                                      There are strict legal requirements for a binding death
     Non-binding nomination                                           notice to be validly made and to remain valid. You can
     Alternatively, you may nominate that the benefit be paid to      amend or revoke it any time.
     your legal personal representative. This nomination is not       To remain valid, a binding death notice must be renewed at
     binding on the Trustee. However, subject to law, the Trustee     least every 3 years.
     will endeavour to pay your benefit in accordance with your
                                                                      A binding death notice will usually expire and cease to have
     nomination.
                                                                      effect 3 years after being made or last amended. You can
     If you have made a non-binding nomination the Trustee            confirm it at any time, which extends the term for another
     may decide to pay your benefit to either or both your            3 years from the confirmation date.
     spouse or your estate and, if both, in the proportions
                                                                      The Trustee must follow a valid binding death notice
     determined by the Trustee.
                                                                      regardless of whether your circumstances have changed,
     A non-binding nomination form can be found at the back           so it is important that you keep it up to date.
     of this PDS.
                                                                      The Trustee may pay the remaining benefit as a lump sum
                                                                      or after consultation with your spouse (where appropriate),
                                                                      pay it as a pension.
                                                                      Please note that at the time of printing the facility to make a
                                                                      binding nomination is not available. Please contact Member
                                                                      Services to find out more.




                                                                      * See Glossary on page 39 for definitions.

14        Energy Industries Superannuation Scheme
                                                          Rollover and Allocated Pension Plan




Fees and other costs
This section shows fees and other costs that you may be
charged. These fees and other costs may be deducted
                                                              Did you know?
from your account, from the returns on your investment or     Studies show that small differences in both investment
from the fund assets as a whole. Details regarding taxation   performance and fees and other costs can have a
can be found on page 32. You should read all the              substantial impact on your long-term returns.
information about fees and other costs because it is
                                                              For example, total annual fees and other costs of 2% of
important to understand their impact on your investment.
                                                              your Scheme balance, rather than 1%, could reduce your
Fees and other costs for particular investment strategy
                                                              final return by up to 20% over a 30 year period (e.g. reduce
options are set out on page 19.
                                                              it from $50,000 to $40,000).
                                                              You should consider whether investment features - for
                                                              example, superior investment performance, provision of
                                                              better member services or ethical and social
                                                              considerations1 - justify higher fees and other costs.

                                                              To find out more
                                                              If you would like to find out more or see the impact of fees
                                                              based on your own circumstances, the Australian Securities
                                                              and Investment Commission (ASIC) website
                                                              (www.fido.asic.gov.au) has a superannuation calculator
                                                              to help you check out different fee options or phone
                                                              1300 300 630 for more information.




1 Please see page 22 for further information.
                                                                                       FuturePlus Financial Services         15
                                               Rollover and Allocated Pension Plan




Current fees and other costs
This table shows fees and other costs that you may be charged.


 Type of fee or cost                                                               Amount                      How and when
 Fees when your money moves in or out of the Scheme.

 Establishment fee: This is the fee to open your initial investment.               Nil                           N/A

 Contribution fee: This is the fee for the initial and every                       Nil                           N/A
 subsequent contribution amount you or your employer, make to
 your investment.

 Withdrawal fee: This is the fee on each amount you take out                       Nil                           N/A
 of your investment (including any instalment payments and
 your final payment).

 Termination fee: This is the fee to close your investment.                        Nil                           N/A

 Management costs - The fees and costs for managing your investment

 Investment Costs: The fees and costs for investing the assets.                    0.30% to 0.48% p.a.           These costs and fees are calculated on
 They include fees paid to external investment managers,                           or $3.00 to $4.80 per         the average value of assets at market
 investment consulting fees, custodian costs and related                           $1,000 of assets              value and deducted daily prior to
 professional fees such as legal fees, specialised audit fees,                     invested p.a.                 investment returns being declared and
 transaction costs1 and the like (excluding abnormal expenses2).                                                 credited to members' accounts.
 The fee can vary up or down depending on investment decisions.                                                  Member's actual entitlements are
                                                                                                                 determined by multiplying their unit
                                                                                                                 holding by the relevant unit price.

 Administration fees: The fees and costs for operating the                         0.95% to 1.16% p.a.           These costs and fees are calculated on
 Scheme. They include administration and other fees incurred by                    or $9.50 to $11.60 per        the average value of assets at market
 the Scheme Trustee including distribution and financial planning                  $1,000 of assets              value and deducted daily prior to
 costs and other expenses3 incurred in operating the Scheme                        invested p.a.                 investment returns being declared and
 such as fees payable to external advisers, lawyers, accountants,                                                credited to members' accounts.
 and actuaries; and other expense reimbursement such as                                                          Member's actual entitlements are
 postage and production of documents and statements.                                                             determined by multiplying their unit
                                                                                                                 holding by the relevant unit price.

 Service fees4

 Investment switching fee: This is the fee for when you switch                     Nil                           N/A
 between investment strategy options.

 Adviser service fee: This is the fee for extra advice from your                   Nil                           N/A
 adviser about your investment. Other parties may receive
 payments in relation to financial planners selling this product.
1 Transaction costs, such as brokerage, government taxes, duties and levies,
bank charges and account transaction charges are paid from each investment strategy and form a part of the investment costs.
2 See page 18 for further information regarding abnormal expenses.
3 No other expenses are included.
4 See the important Additional explanation on the next page for further details on fees, including special request fees and other costs.




16                     Energy Industries Superannuation Scheme
                                                           Rollover and Allocated Pension Plan




Additional explanation of fees                                 Marvin & Palmer Associates are entitled to a performance
                                                               fee when their performance is in excess of 2.5% of the
and other costs                                                MSCI World Index ex Australia. The performance fee is
                                                               calculated from the difference between Marvin & Palmer’s
Performance fees                                               performance (before the deduction of the normal
The Trustee has entered into performance fee                   management fee) and that of the MSCI World Index ex
arrangements with certain investment managers. As at the       Australia. The performance fee, which is 12% of calculated
date of this PDS, those managers are Deutsche Asset            excess performance, is determined and paid annually
Management, Marvin & Palmer Associates and Aberdeen            (subject to a maximum performance fee of 0.45%). Under-
Asset Management. The performance fees form part of the        performance will be carried forward and taken into account
management costs section of the table set out on page 19.      in the calculation of the performance fee in future periods.

Deutsche is entitled to a performance fee when their           Payments to Authorised Representatives
performance is in excess of 1.5% of the S&P/ASX 200
                                                               Authorised Representatives of FuturePlus receive
Accumulation index. The performance fee is calculated
                                                               remuneration by means of salary only. In providing their
from the difference between Deutsche’s performance
                                                               services they do not receive any additional commission or
(before the deduction of the normal management fee) and
                                                               bonus. Authorised Representatives may, however, receive a
that of the S&P/ASX 200. The performance fee, which is
                                                               non-monetary incentive up to the value of approximately
20% of calculated excess performance, is calculated and
                                                               $1,000 per annum for attaining client service targets. Any
accrued daily and paid annually as at 30th June (when
                                                               such payments are recorded in the Alternative Form of
excess performance is achieved) upon receipt of an
                                                               Remuneration Register maintained by FuturePlus Financial
appropriate invoice. Under-performance will be carried
                                                               Services which is available for inspection upon request.
forward and taken into account in the calculation of the
performance fee in future periods.
                                                               Request for Family Law information fee
Aberdeen Asset Management is entitled to a performance
                                                               This fee is for the provision of information about a
fee when their performance is in excess of 3% of the
                                                               member’s account relevant to a family law split. The fee for
S&P/ASX 200 Accumulation index. The performance fee is
                                                               a member is $110 (including GST). The fee is payable by
calculated from the difference between Aberdeen’s
                                                               the person requesting the information. The payment should
performance (before the deduction of the normal
                                                               be in the form of a cheque or money order made payable
management fee) and that of the S&P/ASX 200. The
                                                               to the Scheme.
performance fee, which is 25% of calculated excess
performance, is calculated and paid quarterly (when excess
performance is achieved) upon receipt of an appropriate
invoice. Under-performance will be carried forward and
taken into account in the calculation of the performance fee
in future periods.




                                                                                        FuturePlus Financial Services         17
                                Rollover and Allocated Pension Plan




     Benefit split fee                                                 Example of annual fees and other costs for a
                                                                       Diversified investment strategy option
     This is a fee associated with a family law court split. The fee
     is $88 (including GST) and is generally payable by the            This table gives an example of how the fees and other
     member and non-member spouse in equal parts ($44 each             costs in the Diversified investment strategy option for this
     including GST). The member’s share of the fee is deducted         product can affect your superannuation investment over a
     from the member’s account and the non-member’s                    1 year period.
     spouse’s share is deducted from the non-member’s
                                                                       You should use this table to compare this product with
     spouse’s splittable payment prior to transfer of the payment
                                                                       other superannuation products. You should note that the
     out of the Scheme.
                                                                       Diversified investment strategy option in the Scheme used
                                                                       in the table below is the option most like a balanced
     Information on abnormal expenses
                                                                       investment strategy option.
     The management costs set out in this PDS do not
                                                                        Example - Diversified investment strategy option
     incorporate an allowance for abnormal expenses (if any) to
                                                                        Balance of $50,000
     which the Trustee is entitled to be reimbursed from the
     Scheme. As at the date of this PDS, we do not anticipate           Contribution      Nil       N/A
     any abnormal expenses to become payable.                           fees
                                                                        PLUS
     Basis of fee calculation
                                                                        Management        1.59% For every $50,000 you have in
     Fees are determined and reviewed at least annually by
                                                                        Cost                    your account balance you will be
     the Trustee. The Trustee will give you appropriate notice
                                                                                                charged costs of $795 each year.
     (a minimum of 3 months) if fees and other costs
     are increased.                                                     Equals cost                 You will be charged a TOTAL
                                                                        of Scheme                   fee of $795 p.a. What it costs
     Taxation                                                                                       you will depend on the
                                                                                                    investment strategy option
     Information in relation to taxation and your investment in the
                                                                                                    you choose.
     Scheme is set out on page 32 of this document.




                                                                       1 See page 25 of the PDS for a description of the asset allocation of
                                                                       this and the other strategies.
18        Energy Industries Superannuation Scheme
                                                             Rollover and Allocated Pension Plan




Management costs                                                  Charges paid to managed investment schemes
The current management costs for the respective                   The Scheme invests predominantly through the Energy
investment strategy options available in the Plan are set out     Investment Fund (EIF), which is a wholesale investment
in the table below. However, these costs are determined           trust.
and reviewed annually by the Trustee.
                                                                  The Trustee undertakes that it will not deal with EIF any
The management costs are the fees and other costs for             more favourably than it would deal with any other
investing the assets. They also include:                          independent service provider.
■ Administration fees incurred by the Trustee;                    Investment management fees and other charges incurreed
                                                                  by EIF may be paid by the Trustee out of Scheme assets.
■ Distribution costs and other expenses incurred in
                                              1


  operating the Scheme; and                                       These investment management fees are determined and
                                                                  reviewed annually by the Trustee.
■ Fees paid to external investment managers and other
  expenses incurred in investing the assets (excluding            The investment fee quoted in this PDS includes the EIF fees
  transaction costs and abnormal expenses).                       and the investment fees of the underlying investment
                                                                  managers.
The level of the fees you will pay for specific investment
strategy options is set out below. Additional service fees (in    The fees paid to EIF and other managed investment
relation to Family Law matters) are not included.                 schemes affect the investment return on each investment
                                                                  program and strategy in the Scheme, but they are deducted
How it works                                                      prior to the investment return for the program or strategy
                                                                  being declared and not from your individual account. All
The table on the previous page uses the Diversified
                                                                  investment returns quoted for the investment programs and
investment selection as a guide to the general cost of
                                                                  strategies in the Scheme are net of these fees.
the Plan.
                                                                  Please see page 22 for further details about EIF.
Increases or alterations to fees and other costs
The Trust Deed allows for increases and alterations to the
fees and other costs shown below. No increases will be
applied without at least a 3 month prior notice to members.
Past fees and other costs should not be taken as an
indication of future fees and other costs.



 Management costs by                        High Growth   Diversified       Balanced         Capital           Cash Plus
 investment strategy                                                                         Guarded
 Investment costs                           0.48%         0.43%             0.41%            0.38%             0.30%
 Administration fee                         1.14%         1.16%             1.15%            1.14%             0.95%
 Total management costs p.a.                1.62%         1.59%             1.56%            1.52%             1.25%




1 See page 16 for futher information on other expenses.
                                                                                           FuturePlus Financial Services        19
                               Rollover and Allocated Pension Plan




     Operational information
     Complaints resolution                                           You can only make a complaint to the Tribunal if you have
                                                                     first been through the Scheme’s internal complaints
     We hope that you will always receive satisfactory service       procedure outlined above. In exercising its powers, the
     from the Scheme and that all your enquiries will be             Tribunal cannot alter or ignore the provisions of the
     promptly attended to.                                           Scheme’s Trust Deed.
     However, if you are dissatisfied with the service you are       All complaints to the Tribunal must be made in writing and
     receiving or a decision which affects you, we encourage         at your own expense. The staff at the Tribunal will attempt
     you to lodge a formal complaint.                                to resolve the matter by conciliation, which involves
                                                                     assisting you and the Scheme to come to a mutual
     The Trustee perfers that complaints are made in writting.
                                                                     agreement. If no agreement is reached by conciliation, the
     Complaints should be made to:
                                                                     Tribunal will determine the matter.
     Complaints Resolution Officer
                                                                     The contact details of the Tribunal are:
     Energy Industries Superannuation Scheme
     PO Box N180                                                     Superannuation Complaints Tribunal
     Grosvenor Place, NSW 1220                                       Locked GPO Bag 3060
                                                                     Melbourne Vic 3001
     Tel: (02) 8234 6000
     Fax: (02) 9279 4131                                             Tel: 1300 780 808
     The Complaints Resolution Officer, who maintains a register
     of all complaints and actions, will ensure that your
     complaint is considered and provide you with a response
     as soon as possible.
     If you are not satisfied with the response or your complaint
     has not been resolved within 90 days, you have the option
     of referring your complaint to the Superannuation
     Complaints Tribunal.
     The Tribunal has been established by the Federal
     Government for the purpose of providing totally
     independent input into disputes which may arise between
     superannuation funds and their members, former members
     or beneficiaries.
     The Tribunal can only consider matters which impact on a
     member personally and not in respect of the overall
     management of the Scheme.




20        Energy Industries Superannuation Scheme
                                                                   Rollover and Allocated Pension Plan




Regular reports on your                                                Reserves
investment                                                             The Scheme operates the following reserves:

You will receive the following regular reports:
                                                                       Unit Pricing Equalisation Reserve (UPER)
Member statements                                                      UPER operates for the purpose of allowing reimbursement
                                                                       to members who have been disadvantaged by an error or
These are issued quarterly and show the current balance of
                                                                       anomaly to the unit price they have been allocated where
your individual account and any transactions that have taken
                                                                       that amount cannot be recovered from external sources.
place over the period, including net investment earnings.
                                                                       The maximum amount that may be maintained in this
                                                                       reserve for this purpose is 0.3% of assets. If the reserve
Annual Report
                                                                       exceeds this figure for any reason, that excess amount may
This will provide you with information on the management               be credited to earnings and distributed to members.
and financial condition of the Plan and on its investment
performance.                                                           Administration and tax reserves
                                                                       Deductions are made from members’ accounts and
                                                                       investment earnings to pay for the Scheme’s income tax
Unit prices                                                            liabilities and operational expenses. They are invested in
The value of your account is expressed in terms of units.              cash and applied towards the expenses they relate to as
                                                                       and when they become payable.
A member’s investment experience can be calculated by
differences in unit prices over periods of time. The number
of units allocated to you depends on the unit price on the
day you invest and the amount you invest.
Returns for Allocated Pension Plan members will differ from
the returns to Rollover Plan members, reflecting the fact
that the investment income earned on behalf of the
Allocated Pension Plan members is tax-exempt.
Each investment strategy within the Plans will have a
different unit price. The unit price will reflect the underlying
value of each strategy’s assets, after allowing for taxation,
fees and other costs.
Unit prices are calculated on a daily basis and are net of
the management costs. The Scheme reserves the right to
defer or not issue a price in the situation of extreme market
volatility caused by political, economic or other crises. If this
were to occur, an interim valuation method could be
applied.




                                                                                                FuturePlus Financial Services       21
                                  Rollover and Allocated Pension Plan




     How we manage
     your money
     The Energy Investment Fund (EIF) is a wholesale investment
     trust and the majority of the assets in the Scheme are
                                                                           Diversification
     invested through EIF. The trustee of EIF is EIF Pty Limited, a        The Scheme’s assets are allocated to a range of investment
     wholly owned subsidiary of the Trustee of EISS. The Trustee           managers. This is to ensure diversification of both
     of EISS is responsible for selecting and managing the range           investments and investment managers. Investment
     of investment managers, which collectively manage the                 managers and/or their weightings are changed as necessary.
     portfolio of each strategy within EIF (see the Investment
     managers chart below).
     The Scheme adheres to the guiding principle that several              Ethical investments
     carefully selected investment managers will, over any                 When making investment decisions, the Trustee does not
     reasonable period, produce a better result, more consistently         specifically take into account labour standards or
     and with lower volatility, than a single manager.                     environmental, social and ethical considerations for any of
     In selecting an investment strategy, you are instructing the          the investment strategies. In respect of all investment
     Trustee to invest the amount nominated into a pool of assets,         strategies, EIFs investment managers may consider social,
     constructed by the Trustee, to give effect to the objectives of       ethical and environmental considerations, or labour
     that strategy.                                                        standards of those companies from time to time, where
                                                                           these may materially impact on the value of the investment,
      Your investment in the Plan is not guaranteed. The value             or the performance objectives of the Scheme.
      of your investment can rise or fall.




     Investment Manager Chart

                                       Energy Industries Superannuation Scheme (EISS)


                                                  Energy Investment Fund (EIF)
         Aust            Int            Listed      Aust Fixed Index Linked    Int Fixed            Cash          Direct
        Equities       Equities        Property      Income      Securities     Income              Plus         Property



     ABN Amro        Capital            SSgA        Aberdeen          FuturePlus     Loomis,     FuturePlus     FuturePlus
      Aberdeen International                        FuturePlus                      Sayles &
                    Barclays                                                        Company
     BT Financial
       Group         Global                                                          PIMCO
                   Investors
      Deutsche
                  Marvin and
        Orion       Palmer
      Perennial   The Boston
      Westpeak     Company




22        Energy Industries Superannuation Scheme
                                                               Rollover and Allocated Pension Plan




Social and other considerations                                    Your choice of investment
When making investment decisions the Trustee does not              strategies
specifically take into account labour standards, or social,
                                                                   Both Plans offer you a choice of 5 investment strategies
environmental and ethical considerations in setting,
                                                                   that can be used separately, or in combination, to create
retaining, or realising investments in any of the investment
                                                                   an individual investment portfolio to best suit your needs.
strategies.
                                                                   The investment strategies available are:
In respect of all investment strategies our investment
                                                                   ■ High Growth
managers may consider social, ethical and environmental
considerations, or labour standards of those companies             ■ Diversified
from time to time, where these may materially impact on            ■ Balanced
the value of the investment or the performance objectives          ■ Capital Guarded
of the Scheme.
                                                                   ■ Cash Plus
                                                                   You may redesign your initial investment portfolio at any
                                                                   time by switching between investment strategies.

                                                                   Default Strategy
                                                                   If we do not receive a valid investment application form,
                                                                   your funds will automatically be invested, as the default
                                                                   strategy, in Cash Plus.




                                                                                            FuturePlus Financial Services        23
                               Rollover and Allocated Pension Plan




     Risk and diversification                                         Changes to asset allocations
     There is a relationship between the amount of risk a person      The asset allocation in each of the investment strategies are
     is willing to take and the potential return they may get on      designed to give the Trustee enough flexibility to make
     their investment.                                                investments in accordance with each strategy’s objectives.
                                                                      However, over time it may be necessary for the Trustee to
     In general, investments which potentially earn higher
                                                                      adjust the asset allocation of the investment strategy, to
     long-term returns (e.g. equities and property) carry higher
                                                                      ensure that the asset classes in which it invests continues
     short-term risk. Not only may the rate of return of the
                                                                      to reflect the strategy’s underlying objectives.
     investment vary, but also the value of the investment can
     rise and fall over the short-term.                               The Trustee will inform members affected by a change of
                                                                      asset allocations.
     Generally, investments that potentially earn lower long-term
     returns (eg. cash, fixed interest and bonds) are likely to
     fluctuate less in value over the short-term.
                                                                      Investment returns in recent
     Factors such as interest and exchange rates, government
     policy and the state of the domestic and world economies,        years
     will impact on the financial and investment markets and          Information in relation to the following are set out in the
     therefore your investment.                                       Scheme’s latest Annual Report:
     In the case of listed securities such as equities and listed     ■ The annual effective net earnings for the 5 most recent
     property trusts, other influences include political events and     financial years for each investment strategy.
     the performance of other world share markets. It is also
     important to note that the returns from listed investments       ■ The compound average of the annual effective net
     reflects the market forces of supply and demand and                earnings rate for 5 financial years ending with the most
     investor sentiment.                                                recent financial year for each investment strategy.

     One of the principles of diversification is to spread your       Please note that the net earning rate reported in the Annual
     investment between more than one asset class. The                Report may not be the same as the rate experienced by
     intended result of this is to achieve more stable investment     members because of timing differences and the reserving
     returns. In other words, the total returns of a diversified      policy of the Scheme.
     portfolio should not fluctuate as much as the returns from       You should also be aware that past net earnings rates are
     investing solely in one asset class. Through EIF, the            not an indicator of future net earnings rates.
     Scheme adds further diversification by spreading money
     across a group of specialist fund managers.




24        Energy Industries Superannuation Scheme
                                                                                         Rollover and Allocated Pension Plan




Investment strategies
in detail
The Plans provides you with a choice of five investment
strategies managed by professional investment managers.                                        High Growth
The strategies have been designed to provide alternatives
to members with different investment objectives. Each                                          For high growth above inflation over the
strategy offers a different potential rate of return and degree                                longer term.
of volatility. The strategies can be used separately or in
combination to create an individual investment portfolio to                                    Definition
best suit your needs. The investment strategies are:                                           The High Growth strategy generally invests 90% of its
■ High Growth                                                                                  funds in traditional growth assets, such as Australian
                                                                                               and international equities and property. This combination
■ Diversified                                                                                  aims to earn high real investment growth above inflation
■ Balanced                                                                                     over a minimum period of 10 years. Because the
                                                                                               emphasis is on growth, you should keep in mind that
■ Capital Guarded
                                                                                               there may be what financial professionals call ‘short-term
■ Cash Plus                                                                                    volatility’ in this strategy. In other words, the value of the
                                                                                               investment may fluctuate over the short-term.
You may change your investment strategy at any time, by
switching between investment strategies.
                                                                                               Objective
Details of the investment strategies are set out on the
                                                                                               5.4% investment return per annum above inflation over
following pages.
                                                                                               10 years.
You can contact Member Services to obtain up-to-date
information about past or current investment performance                                       Risks
figures for these strategies.                                                                  There is a significant chance that the investment value
                                                                                               may decrease in the short term. The chance of a
Allocation summary                                                                             negative return in any year is 1 in 3 (i.e. 33%).
The table below summarises the benchmark allocation of
assets in each strategy, expressed as a percentage.                                            Risk profile
                                                                                               High
                            High Growth

                                          Diversified




                                                                             Cash Plus
                                                        Balanced



                                                                   Guarded




                                                                                               Indicative asset allocation
                                                                   Capital




                                                                                                      Aust. Fixed Income 5%   Int. Fixed Income 5%
 Australian Equities       42.5            32.5 22.5 12.5                    0
                                                                                               Property 5%
 Int'l Equities            42.5            32.5 22.5 12.5                    0
                                                                                                                                         Aust. Equities 42.5%
 Property                  5               5            5          5         0
 Australian Fixed Income 5                 12           25         35        0                 Int. Equities 42.5%

 Index-Linked Securities 0                 8            10         10        0
 Int'l Fixed Income        5               10           15         25        0
 Cash                      0               0            0          0         100




                                                                                                                         FuturePlus Financial Services          25
                                Rollover and Allocated Pension Plan




     Diversified                                                      Balanced
     For real investment growth above inflation over                  For real investment growth above inflation over
     medium to long-term.                                             the medium-term.

     Definition                                                       Definition

     The Diversified strategy generally invests 70% of its            The Balanced strategy generally invests 50% in growth
     funds in growth assets such as Australian and                    assets and 50% in income-producing assets. This
     international equities and property. This combination            combination offers real investment growth above inflation
     aims to earn real investment growth above inflation over         over 3 years. There are more assets that produce
     a period of 5 years. Because the emphasis is still on            income, such as interest-bearing securities, which
     growth, you should keep in mind that there may be what           makes the strategy more stable than the High Growth
     financial professionals call ‘short-term volatility’ in this     and Diversified strategies.
     strategy. In other words, the value of the investment may
     fluctuate over the short-term. This volatility is not as
     great as it is in the High Growth strategy.

     Objective                                                        Objective
     4.7% investment return per annum above inflation over            4% investment return per annum above inflation over
     5 years.                                                         3 years.

     Risks                                                            Risks
     There is potential for the value of the investment to            Although the emphasis is on spreading your investment
     decrease in the short-term. The chance of a negative             over various asset classes, there is a possibility that the
     nominal return in any year is 1 in 4 (ie 25%).                   value of the investment will decrease in the short-term.
                                                                      The chance of a negative nominal return in any year is
                                                                      1 in 5 (ie 20%).

     Risk profile                                                     Risk profile
     High/Medium                                                      Medium

     Indicative asset allocation                                      Indicative asset allocation


             Int. Fixed Income 10%
     Index Linked                                                     Int. Fixed Income 15%
     Securities 8%                                                    Index Linked                             Aust. Equities 22.5%
                                              Aust. Equities 32.5%
     Aust. Fixed                                                      Securities 10%
     Income 12%

     Property 5%                                                      Aust. Fixed Income 25%                     Int. Equities 22.5%

                                               Int. Equities 32.5%                                                     Property 5%




26       Energy Industries Superannuation Scheme
                                                               Rollover and Allocated Pension Plan




Capital Guarded                                                      Cash Plus
For shorter term investment with good security                       For very short-term investments.
and some potential for growth.

Definition                                                           Definition

The Capital Guarded strategy generally invests 30% in                The Cash Plus strategy invests 100% of available assets
growth assets and 70% in income-producing assets.                    in short-term securities, such as cash deposits and
This combination aims to maintain value and keeps                    bank, government and semi-government securities.
fluctuations to a minimum. Although it is relatively more            Returns should be more than personal bank deposit
stable than the High Growth, Diversified and Balanced                rates. It offers maximum security to those very close to
strategies, the returns and the value of the investment              retirement.
can still fluctuate.




Objective                                                            Objective
3.4% investment return per annum above inflation over                1.0% investment return per annum above inflation over
3 years.                                                             1 year.

Risks                                                                Risks
Although the emphasis is more on security, returns and               There is a chance that your investment will not keep up
the value of the investment can still fluctuate. The                 with inflation and therefore its real value will decrease
chance of a negative nominal return in any year is                   over time. The prospect of under-performance and loss
1 in 8 (ie 12.5%).                                                   of value due to inflation increases the longer you leave
                                                                     your investment in cash.

Risk profile                                                         Risk profile
Medium/Low                                                           Low

Indicative asset allocation                                          Indicative asset allocation




                                        Aust. Equities 12.5%
Int. Fixed Income 25%                    Int. Equities 12.5%
                                                                                                                     Cash 100%
Index Linked                                   Property 5%
Securities 10%

                                     Aust. Fixed Income 35%




                                                                                             FuturePlus Financial Services       27
                               Rollover and Allocated Pension Plan




     Investment managers
     and advisors in detail
     The underlying investment managers within EIF are:              Barclays Global Investors
                                                                     Barclays Global Investors (BGI) is one of the world's largest
     Aberdeen Asset Management
                                                                     investment managers and providers of risk controlled active
     Aberdeen Asset Management Limited (Aberdeen) is a               strategies including total return, stock selection, market
     wholly-owned, Australian-based subsidiary of Aberdeen           selection, fixed income, currency and diversified funds, as
     Asset Management PLC. The Aberdeen Group manages                well as index strategies across developed and emerging
     funds in excess of A$50bn (as at 31 December 2004) for a        markets. BGI manages over $1.7 trillion in assets (as at
     range of clients, including individuals and institutions,       31 December 2004) for over 2000 clients in more than
     through mutual and segregated funds. The Group has              40 countries.
     offices in the UK, US, Europe, Singapore, Hong Kong and
                                                                     BGI actively manage a portion of the Scheme's
     Australia.
                                                                     international equities. BGI believe that an optimal
     In Australia, Aberdeen currently has over A$3.3bn (as at        investment outcome can best be achieved through Total
     31 December 2004) in assets under management.                   Performance Management - understanding, measuring,
     Aberdeen's exclusive focus is funds management.                 forecasting and managing the three dimensions of
     Aberdeen manage a portion of the Scheme's fixed interest        investment performance: return, risk and cost. They
     portfolio and Australian Equities.                              systematically exploit market inefficiencies that have been
                                                                     validated by their research, ensure that active risk relative to
     ABN Amro Asset Management                                       benchmark is adequately compensated, and integrate
     ABN AMRO Asset Management (Australia) Limited is a              transaction cost forecasts into the portfolio construction
     subsidiary of ABN AMRO Holding NV which is a publicly           process. This is achieved by employing knowledgeable
     listed company. ABN AMRO Holding NV is among the                investment people and leveraging their skills through the
     20 largest financial institutions in the world and is the       extensive use of technology.
     10th largest financial institution in Europe. ABN AMRO
     Asset Management is a global asset manager                      BT Financial Group
     headquartered in Amsterdam and represented in                   BT Financial Group currently has funds under management
     30 countries around the world. It has a history of              of A$44 billion and manages $3.6 billion in Australian
     managing funds since 1933 and is one of the world's             equities (as at 31 December 2004). BT manage an
     leading asset managers with AUD$289 billion assets under        Australian equites mandate for the Scheme using their
     management worldwide as at 31 December 2004.                    active core investment style.
     Domestically, ABN AMRO Asset Management established             BT believe investment markets are not always rational or
     its business in 1996. The Australian business has total         efficient and that these inefficiencies can result in periods
     assets under management of A$4.2 billion which                  where markets and securities are mispriced. Their
     includes A$2.2 billion of Australian equities at                Australian equity portfolios are manufactured by our
     31 December 2004. The ABN AMRO Asset Management                 in-house experts using their core investment style. Core
     approach to Australian equity investing is based on the         means that BT are style indifferent, investing in both value
     belief that superior long-term equity performance is driven     and growth companies, without a predetermined value or
     by above-average, sustainable earnings growth.                  growth bias. In-depth fundamental research drives stock
     ABN AMRO Asset Management have a mandate to actively            selection decisions and is supported by a range of
     manage a portion of the Scheme's Australian equities.           sophisticated quantitative tools.




28        Energy Industries Superannuation Scheme
                                                                Rollover and Allocated Pension Plan




Capital International                                               FuturePlus Financial Services
Capital International Inc. is part of the Capital Group             The Company was incorporated in January 1997
Companies Inc. based in Los Angeles, USA. It includes six           and is jointly owned by the Energy Industries
investment management companies established on three                Superannuation Scheme and the Local Government
continents with offices in major cities around the world,           Superannuation Scheme.
including Los Angeles; San Francisco; Washington, DC;
                                                                    The Scheme makes use of the internal investment
New York; Atlanta; London; Geneva; Singapore; Hong
                                                                    management services FuturePlus offer, and uses FuturePlus
Kong and Tokyo. For more than 60 years, the organisation
                                                                    to manage a portion of the Australian fixed-interest
has managed the investments of individual, corporate and
                                                                    portfolio, cash portfolio, direct property portfolio, as well as
institutional investors worldwide.
                                                                    any overlays and rebalance activities.
Capital International manages more than A$390 billion
worldwide, including more than A$17 billion for clients in          Loomis, Sayles & Company
Australia. Capital International is utilised by the Scheme as
                                                                    Loomis, Sayles & Company, L.P. is a wholly-owned
an active manager of international equities.
                                                                    subsidiary of CDC IXIS Asset Management. They manage
                                                                    an international fixed-interest mandate for the Scheme.
Deutsche Asset Management
                                                                    Loomis Sayles, a Boston based company, has served the
Deutsche Asset Management is a key business unit of
                                                                    investment needs of institutional, high net worth and mutual
Deutsche Bank AG, one of the world's strongest financial
                                                                    fund clients for more than 75 years. Loomis Sayles
institutions. They are one of the world's largest fund
                                                                    manages more than A$80 billion (as at 31 December 2004)
managers, with clients based in more than 60 countries.
                                                                    in equity and fixed income assets.
Globally, Deutsche Asset Management is responsible for
managing more than A$900 billion on behalf of institutional
                                                                    Marvin & Palmer Associates
and retail clients, as well as private investors.
                                                                    Founded in 1986, Marvin & Palmer Associates is an
In Australia, Deutsche Asset Management is one of
                                                                    independent, principally employee-owned investment
only a few truly global fund managers with a strong
                                                                    management firm that specialises in global equity
local presence. They manage over $29 billion (as at
                                                                    management for institutional clients. Based in Wilmington,
31 December 2004) on behalf of Australian based clients.
                                                                    Delaware, in the US, Marvin & Palmer Associates has over
The Scheme utilise Deutsche's asset management                      A$11 billion (as at 31 December 2004) under management.
capabilities in Australian equities.
                                                                    Marvin & Palmer Associates combines a top-down
                                                                    approach with bottom-up fundamental research in the
                                                                    construction of portfolios, and invests in high-quality,
                                                                    large-cap, growth stocks. Marvin & Palmer Associates'
                                                                    approach focuses firstly on region, country, currency and
                                                                    sector analysis, followed by a review of individual
                                                                    companies. The decision-making process is based on a
                                                                    combination of relative price strength screening and
                                                                    fundamental analysis.
                                                                    Marvin & Palmer Associates have a mandate to actively
                                                                    manage a portion of the Scheme's international equities.




                                                                                              FuturePlus Financial Services            29
                               Rollover and Allocated Pension Plan




     Orion Asset Management                                           PIMCO
     Orion is a specialist Australian Equities funds manager, with    Pacific Investment Management Company LLC ("PIMCO")
     over $2,3 billion of assets under management (as at              is a specialist investment management firm established in
     31 December 2004). Orion was established in late                 1971. Its sole business has been fixed-interest (bond)
     2002 and is 30% owned by Treasury Group Ltd, a                   management and PIMCO now manages over A$370 billion
     company listed on the Australian Stock Exchange, and             (as at 31 December 2004) in fixed-interest assets
     70% by staff. Orion is utilised by the Scheme as an active       worldwide, which ranks it as one of the world's largest
     manager of Australian equities.                                  specialist fixed-interest managers.
     Orion's investment philosophy is based upon the belief that      In Australia, PIMCO manages over A$12 billion in
     markets are inefficient, and that the true value of individual   fixed-interest securities on behalf of a range of clients.
     stocks is often not reflected in the market on any particular    PIMCO manages an international fixed-interest portfolio for
     day. They also believe that companies' earnings growth           the scheme.
     prospects are often mis-priced by the market and that a
                                                                      PIMCO's investment approach emphasises active
     strong disciplined research process can identify these
                                                                      management, wide diversification and conservative
     anomalies. Orion's investment style is a bottom up
                                                                      risk-taking as the key factors in generating consistent
     approach and they are strongly research driven and use
                                                                      returns. Its objective is to maximise total return while
     technology intensively to identify ideas.
                                                                      moderating volatility in client portfolios. PIMCO believes this
                                                                      low volatility outperformance is an objective best achieved
     Perennial Investment Partners
                                                                      through wide diversification across bond market sectors,
     Perennial Investment Partners is a leading boutique              issuers, industries and countries within global markets.
     investment management firm offering wholesale investment         In implementing this process, PIMCO concentrates on
     services to individuals, superannuation funds, companies         top-down economic research to identify those factors
     and institutions. Perennial's largest shareholder is IOOF        likely to affect the levels of worldwide interest rates, and
     Investment Management Limited, which is part of the IOOF         bottom-up credit analysis of individual bonds and issuers to
     Group. This enables Perennial to offer the advantages of a       identify the best values within and between sectors.
     specialist firm whilst providing the security of one of
     Australia's oldest funds managers. Perennial manages over
     $12 billion (as at 31 December 2004) in Australian equities.
     Perennial is one the Scheme's active Australian equities
     managers.




30        Energy Industries Superannuation Scheme
                                                            Rollover and Allocated Pension Plan




State Street Global Advisors                                    Westpeak Global Advisors
State Street Global Advisors (SSgA) is the investment           Westpeak was founded in 1991 and is an affiliate of IXIS
management arm of State Street Corporation, one of              Asset Management Advisors Group. Westpeak has over
the largest money managers in the world. In Australia,          $4.3 billion in assets under management (as of March
SSgA manages funds exceeding A$47 billion as at                 31, 2005) managing equity investments for institutions in
31 December 2004).                                              Australia, Japan, Europe and the United States. Westpeak
                                                                is employed by the Scheme as an active manager of
SSgA has been providing investment management services
                                                                Australian equities.
in global markets for over 20 years. In Australia, SSgA also
offer a wide range of investment services. The Energy           Westpeak emphasises disciplined portfolio construction in
Industries Superannuation Scheme utilises SSgA's listed         pursuit of long-term growth without unnecessary risk. To
property management capabilities.                               achieve its objectives, the firm employs a proprietary,
                                                                quantitative approach to the investment process.
The Boston Company Asset Management
                                                                Frank Russell
The Boston Company Asset Management is part of the
Mellon Financial Corporation. Founded in 1869, Mellon           The Scheme employs Frank Russell to provide guidance to
Financial Corporation today is a global financial services      the Trustee in selecting appropriate investment managers
company headquartered in Pittsburgh, Pennsylvania, and          for the Scheme's assets.
has over A$900 billion (as at 31 December 2004) in assets
                                                                Frank Russell has a long and distinguished tradition of
under management.
                                                                service as a trusted consultant to some of the world's
The Boston Company Asset Management (formerly                   largest superannuation funds. Providing independent advice
Standish Mellon Asset Management) has over A$50 billion         on all aspects of investment management, today Russell
in assets under management, of which $6.2 billion (as at        consultants guide the investments of more than A$3 trillion,
31 December 2004) is for Australian clients. They offer a       serving over 250 clients in more than 35 countries.
bottom-up approach to stock selection which focuses on
fundamental research in a process-driven environment.
The Boston Company Asset Management is employed by
the Scheme as an active manager of international equities.




                                                                                         FuturePlus Financial Services         31
                               Rollover and Allocated Pension Plan




     Taxation
      Taxation matters as of the date of the PDS are briefly         Surcharge
      discussed below. However, they are complicated and we
                                                                     A surcharge will be levied on certain employer contributions
      strongly recommend you seek specific tax advice from a
                                                                     and certain post 30 June 1983 untaxed roll ins where your
      suitably qualified professional.
                                                                     ‘adjusted taxable income’ (ATI) exceeds $104,496 (for
                                                                     2005/2006). The maximum surcharge ATI for 2005/2006 is
                                                                     $126,887. From 1 July 2005, the surcharge commenced at
     Taxation on contributions and                                   a rate of 0.00001% for those who have an ATI of $104,496
     amounts rolled in                                               and rose to a maximum of 10% for those with an ATI of
                                                                     $126,887 or more (for 2005/2006). Due to recent Federal
     As the Trustee is required to pay the taxes referred to
                                                                     budget changes, the surcharge may be abolished from
     below, it deducts these amounts from your individual
                                                                     1 July 2005. The table below provides surcharge rates for
     account balance.
                                                                     previous years:

     Contribution Tax                                                 Year                                  Maximum rate %
     A 15% tax is levied on tax-deductible member
                                                                      Prior to 2003/2004                    15%
     contributions and employer contributions (which includes
     salary sacrifice).                                               2003/2004                             14.5%
                                                                      2004/2005                             12.5%
     Monies rolled in
     Monies rolled in from within the superannuation system are      ETP1 from taxed source
     not taxed until you withdraw them as a benefit.                 No tax is payable on an ETP from a taxed source which is
     You can also make other contributions (for example, from        rolled over to the Scheme.
     your own finances) and these will be taxed either prior to
     being paid into the Plan or taxed according to the nature of    ETP from non taxed source
     the contribution. This is a complicated area and you should     Where an ETP includes a post-June 1983 untaxed element,
     seek further information from your financial advisor.           this untaxed element is subject to the contributions tax of
     Tax rates that apply when you withdraw a benefit are set        15%. For higher income earners, the surcharge, as
     out in the ‘Tax on lump sum payments’ and ‘Tax on               described earlier, of up to 15% of the post 20 August 1996
     pension payments’ sections on pages 33-34.                      portion of the untaxed element, will also apply.

                                                                     Undeducted contributions
                                                                     Tax is not levied on personal contributions which you make
                                                                     and for which you do not claim a tax deduction. These
                                                                     include contributions which your spouse makes for you.




                                                                     1 See General Provisions on page 37.

32        Energy Industries Superannuation Scheme
                                                                 Rollover and Allocated Pension Plan




Low Income Spouse Rebate                                               Tax on investment earnings
A contributing spouse is entitled to receive an 18% rebate
                                                                       Earnings on investments in the Scheme are taxed. The
(called a tax offset) for contributions up to $3,000 per
                                                                       rates applicable are generally lower than earnings on other
annum to a superannuation fund or retirement savings
                                                                       forms of savings invested outside of superannuation. The
account of a spouse with assessable income (including
                                                                       maximum rate of tax is 15%. Franking credits, other
reportable fringe benefits) below $10,800 per annum. The
                                                                       taxation credits and taxation deductions and a lower capital
maximum rebate of $540 applies for a contribution of
                                                                       gains tax rate on investments held for more than
$3,000 where the spouse is below the income level. Where
                                                                       12 months, may reduce the actual amount of tax payable.
the spouse’s assessable income exceeds $10,800, the
                                                                       The likely tax payable is taken into account before the
rebate will phase out on a dollar for dollar basis and it is no
                                                                       investment return is declared for each investment strategy.
longer available where the assessable income exceeds
$13,800 per annum.
The Australian Taxation Office will determine eligibility for the      Tax on lump sum payments
rebate. Contact the Australian Taxation Office for more
                                                                       There may be tax payable when you make a lump sum
information about this rebate.
                                                                       withdrawal. Lump sum withdrawals are treated as an
                                                                       ETP and are subject to different income tax rates,
                                                                       depending on your age, the amount withdrawn and the
                                                                       components withdrawn.
                                                                       Details of the current tax treatment of the components of a
                                                                       lump sum ETP payment are contained in the table below.
                                                                       The Medicare levy and surcharge may also be payable on
                                                                       some of these amounts.

Tax treatments on the components of a lump sum ETP payment

 Component                               Age less than 55                               Age 55 and over
 Undeducted contributions*               Tax free                                       Tax free
 Post-June 1994 invalidity
 component                               Tax free                                       Tax free
 Concessional component*                 5% is included in your taxable income          5% is included in your taxable income
                                         and taxed at your marginal rate                and taxed at your marginal rate
 Pre 1 July 1983                         5% is included in your taxable income          5% is included in your taxable income
                                         and taxed at your marginal rate                and taxed at your marginal rate
 Post 30 June 1983 (untaxed)             Taxed at 30%                                   First $129,7511 is 15% and the balance is
                                                                                        taxed at 30%
 Post 30 June 1983 (taxed)               Taxed at 20%                                   First $129,7511 is tax free and the balance
                                                                                        is taxed at 15%
 CGT exempt component                    Tax free                                       Tax free
 Excessive component                     Top marginal tax rate                          Top marginal tax rate
The Medicare levy and surcharge may also be payable on some of these amounts.
1 Applicable for 2005/2006 - increased each 1 July in line with movements in Average Weekly Ordinary Time Earnings.

* See Glossary on page 39 for definitions.
                                                                                                   FuturePlus Financial Services      33
                                  Rollover and Allocated Pension Plan




     Reasonable Benefit Limits                                          If you were aged 45 or more on 1 July 1994, you may be
                                                                        entitled to a higher RBL than stated previously in this PDS.
     (RBLs)                                                             You should obtain professional advice to determine the
                                                                        method of calculating your RBL.
     The tax treatment in the table on page 33 assumes that the
     amounts payable from certain sources do not exceed                 In any case, we strongly recommend that you discuss your
     certain levels, called RBLs. These sources are:                    RBL with your financial adviser.
     ■ superannuation funds, including superannuation                   If the Australian Taxation Office has made a final
       pensions and allocated pensions;                                 determination that you are in receipt of amounts in excess
                                                                        of your RBL, you must notify the Trustee immediately.
     ■ approved deposit funds;
     ■ certain annuities; and
     ■ other ETPs.                                                      Tax on pension payments
     The amount of your RBL depends on how you receive                  Pension payments are taxed on a Pay-As-You-Go (PAYG)
     your benefit. The applicable RBLs are set out in the               basis. However, part of your pension payments may be
     following table.                                                   tax-free, and you may also be eligible for a 15% tax rebate
                                                                        on part, or all, of the payments.
      Type of Benefit                          RBL 2005/20061           Your pension payments are assessed as income for income
      Lump Sum                                 $648,946                 tax purposes. Accordingly, the assessable amount of any
                                                                        payment is subject to income tax and the Plan will make
                            2
      Complying Pension or Annuity*            $1,297,886               tax installment deductions on your behalf. Your income tax
     1 These amounts are indexed annually.                              liability may be reduced as a consequence of the following
     2 An allocated pension is not a complying pension.                 claims for:

     If you receive benefits which are taken into account for RBL       ■ rebates such as the spouse and/or zone rebate;
     purposes, the lump sum RBL will apply if:                          ■ the 15% pension rebate;
     ■ more than 50% of your benefits are taken as lump                 ■ the income tax-free threshold; and
       sums and/or non-complying pensions/annuities; or
                                                                        ■ a deduction for the deductible amount.
     ■ the amounts taken as non-complying pensions,
       non-complying annuities and/or lump sums exceed the
       lump sum RBL.




                                                                        * See Glossary on page 39 for definitions.

34         Energy Industries Superannuation Scheme
                                                            Rollover and Allocated Pension Plan




The deductible amount                                           The 15% annual tax rebate (offset)
You pay no tax on the portion of your annual pension            You may be entitled to an annual tax rebate on part of any
payments in the Allocated Pension Plan known as the             benefits you receive as a pension. The rebate is 15% of the
deductible amount to establish the ETP. Generally, this         total of your annual pension payments less the deductible
amount is the sum of the undeducted purchase price              amount. The method by which your rebate is calculated is
(generally comprising undeducted contributions*, any post       shown below.
1 July 94 Invalidity Component and any CGT exempt
component), which makes up your ETP, divided by your            Rebate calculator
life expectancy factor at the date of commencement of           Amount of Annual Tax Rebate = 15% x (Annual Pension
the pension.                                                    Payment - Deductible Amount).
However, if your contributions consist entirely of ETPs from    The rebate applies if you are over 55, or you have retired
the rollover of certain superannuation pensions (including      due to permanent incapacity or a payment is made
allocated pensions) and/or annuities, payments of which         following your death.
commenced before 1 July 1994, then your deductible
amount is the sum of your undeducted contributions, any         If you exceed your Reasonable Benefit Limit (RBL), the
concessional component* and pre 1 July 1983                     amount of your annual pension payment which qualifies for
components which make up your ETP, divided by your              the 15% rebate is reduced.
life expectancy factor as at the date of commencement of
the pension.
Where the Australian Taxation Office believes that your
deductible amount during any one financial year is
inappropriate having regard to your circumstances, the
Commissioner of Taxation may vary that amount.
You should be aware that if you commute part of your
benefit entitlement, your deductible amount may be
reduced. Your annual tax rebate may also be affected
as a result of commutation.
These matters are complex and require detailed calculation.
You should consult your financial planner in order to
determine what your deductible amounts are likely to be.
Your financial planner will also be able to advise you in
relation to the tax implications of commuting your pension.




* See Glossary on page 39 for definitions.
                                                                                         FuturePlus Financial Services        35
                                Rollover and Allocated Pension Plan




     Senior Australians tax offset                                    Tax on death benefits
     If you meet certain conditions a tax offset will be available    Tax payable on death benefits depends on individual
     to you. The main conditions are:                                 circumstances. We recommend that you seek advice from
                                                                      your financial planner about how the tax laws apply
     ■ Age: you must be a male aged at least 65 years, or if a
                                                                      specifically to you and your spouse, estate and dependants.
       male war veteran or war widower, aged at least 60
       years. A female must meet the applicable age detailed
       in the table below:
                                                                      Goods and Services Tax (GST)
          Date of birth                            Females -          Your contributions to and withdrawals from the Scheme will
                                                   ‘Aged              not be subject to GST. However, GST will be included in
                                                   Pension’ age       some charges to the Scheme for management and
          1 July 1943 to 31 December 1944           61.5              investment services by the providers of those services. In
                                                                      respect of most of those GST amounts the Scheme can
          1 January 1945 to 30 June 1946            62                claim back 75% of the GST incurred as a reduced input tax
          1 July 1946 to 31 December 1947           62.5              credit. Amounts claimed back are credited to the Scheme.

          1 January 1948 to 30 June 1949            63
          1 July 1949 to 31 December 1950           63.5              Will your social security benefits
          1 January 1951 to 30 June 1952            64                be affected?
          1 July 1952 to 31 December 1953           64.5              Social security benefits depend on individual
                                                                      circumstances. You should seek advice from your financial
          1 January 1954 and later                  65
                                                                      planner about how your individual account and benefits in
        Note: For Department of Veterans Affairs female               the Scheme will affect your social security benefits or those
        veterans, the relevant ages are 5 years less than those       of your spouse or dependants who may receive a benefit or
        listed above.                                                 pension after your death.
     ■ Eligible for a pension: you must be receiving or
       eligible to receive a Commonwealth Government age
       pension or similar payments. If you are not eligible for a
       pension, you must meet other Australian residency
       requirements;
     ■ Income tax threshold: your taxable income must be
       less than $38,340 (single) or $59,244 (couple).
     You can choose to claim the offset in your tax return or
     through a reduction in the PAYG tax withheld from an
     income stream. If you would like the Trustee to reduce
     the PAYG tax on your pension payments to take account
     of your tax offset, please advise your financial planner or
     the Trustee.




36        Energy Industries Superannuation Scheme
                                                          Rollover and Allocated Pension Plan




General provisions
What is an Eligible Termination                               Family Law Act
Payment (ETP)?                                                The following provides an overview of how the family law
                                                              provisions operate.
An ETP is a payment made when an individual retires, is
retrenched, or changes jobs and may include:                  This legislation is complex and you should seek
                                                              independent legal and financial planning advice with regard
■ lump sum payments received from a superannuation
                                                              to your personal situation.
  fund;
                                                              Changes to family law and superannuation law effective
■ most payments received from an approved deposit
                                                              28 December 2002 allow:
  fund;
                                                              ■ your spouse or other ‘eligible persons’ to obtain
■ invalidity payments from a superannuation fund;
                                                                information about your superannuation;
■ bona-fide redundancy payments that are in excess of
                                                              ■ your superannuation account to be split with your
  the amount of $6,491 plus $3,246 for each whole year
                                                                spouse if you become separated or divorced, or for a
  of service (this is the amount for 2005/2006). It is
                                                                ‘flag’ to be placed on your superannuation account,
  indexed annually for movements in the average weekly
                                                                which generally stops it from being paid until the flag is
  ordinary time earnings (AWOTE);
                                                                lifted by agreement or court order.
■ golden handshakes from your employer;
                                                              ‘Eligible persons’ include:
■ compensation for loss of office or employment;
                                                              ■ the member of the Plan;
■ certain contractual termination payments; and
                                                              ■ the member’s spouse, but not his or her de-facto; and
■ other payments received in consequence of leaving
                                                              ■ a person intending to enter a superannuation
  service (excluding annual and long service leave).
                                                                agreement with the member, such as a pre-nuptial
                                                                agreement.
                                                              You and your spouse can make an agreement to split or
                                                              flag your superannuation account, if you are or may
                                                              become divorced. (Note: The agreement must be made
                                                              with independent legal advice). If you cannot reach an
                                                              agreement, you can ask the Family Court to determine and
                                                              order a split or a flag.




                                                                                        FuturePlus Financial Services        37
                                Rollover and Allocated Pension Plan




     Privacy statement                                                  Members are also encouraged to notify the Trustee of any
                                                                        changes to their personal information so that our records
     The Trustee is required to comply with the Information             are accurate, complete and up to date.
     Privacy Principles (IPPs) contained in the Privacy Act 1988.
                                                                        If you would like to review or make corrections to your
     These Principles set out in detail the measures that must
                                                                        personal information or get a copy of the Trustee’s Privacy
     be taken to safeguard against the misuse of personal
                                                                        Policy, please contact Member Services on 1300 369 901.
     information held by organisations.
                                                                        Depending on circumstances, a fee may be payable for
     The purpose for which the Trustee collects personal                accessing your personal information.
     information is to issue and maintain your superannuation
                                                                        If you are not satisfied that adequate precautions are
     interests in the Scheme.
                                                                        being taken to protect your personal information, you may
     The personal information held in respect of members of the         make a formal complaint. This must be in writing and
     Scheme generally comprises only those details necessary            addressed to:
     to establish members’ entitlements in the Scheme. Those
                                                                        Privacy Officer
     details include name, date of birth (for identification
                                                                        Energy Industries Superannuation Scheme
     purposes and to establish benefit entitlements),
                                                                        PO Box N180
     employment details such as employer’s name and
                                                                        Grosvenor Place NSW 1220
     commencement date together with a record of transactions
     (eg contributions made) and details of benefit entitlements.       If you have a formal complaint about the way that the
                                                                        Trustee handles your personal information and you are not
     This information is only available to our staff and other
                                                                        satisfied with the response from the Privacy Officer, you
     authorised service providers who use the information to
                                                                        may contact:
     administer your account and provide services to you, such
     as our administrator. The personal information will not be         Complaints Resolution Officer
     disclosed to any other person or organisation without your         Energy Industries Superannuation Scheme
     express consent, or unless required to do so by law.               PO Box N180
                                                                        Grosvenor Place NSW 1220
     In some cases, additional information will be held which is
     more sensitive and hence subject to greater security. This         Tel: (02) 9273 0000 or 1800 800 002
     might include Tax File Numbers and, in some cases:                 Fax: (02) 9279 4131
     ■ medical information provided or obtained in support of           The Complaints Resolution Officer will investigate your
       an application for payment of benefit on grounds of              complaint and provide a full response to your complaint as
       permanent incapacity;                                            quickly as possible. If you are not satisfied with that
                                                                        response you may then refer your complaint to the Federal
     ■ death certificates; or
                                                                        Privacy Commissioner. The Commissioner’s office can be
     ■ documents submitted to establish spouse entitlements.            contacted by phone on 1300 363 992 or by writing to:
     The IPPs also require that members have access to the              The Privacy Commissioner
     personal information (including medical reports and any file       GPO Box 5218
     notes) that is held in relation to them personally, with certain   Sydney NSW 2001
     very limited exceptions.




38        Energy Industries Superannuation Scheme
                                                           Rollover and Allocated Pension Plan




Glossary
Adviser - means, in addition to licensed financial advisers,   Dependant - Includes your spouse (see definition on the
body corporates.                                               next page), children of any age (see previous definition) and
                                                               any other person (including a same-sex partner) whom the
Annuity - An annuity is an income stream provided under
                                                               Trustee believes to be financially dependant on you or in an
a life insurance contract.
                                                               ‘Interdependent relationship’ (see definition) with you
Child - includes an adopted child, step-child and              immediately prior to your death.
ex-nuptial child.
                                                               Eligible spouse contributions - A non-deductible
Commutation/Commuted - The process of converting               contribution to a complying superannuation fund made by a
a superannuation pension to a lump sum.                        person for a non-working or low income spouse which
                                                               entitles the contributor to a tax rebate.
Complying pension/annuity - A pension or annuity
with the following major characteristics:                      Income stream - A mechanism that allows an investor to
                                                               receive payments from their investment on a regular basis.
■ Payments can only be adjusted by the lesser of 5%
  or Consumer Price Index;                                     Interdependent relationship - Two people have an
                                                               interdependency relationship if each of the following
■ No residual capital but a guaranteed period of payment;
                                                               conditions are met:
■ Cannot be commuted (except within first 6 months
                                                               ■ They live together;
  and for a pension commencing on and after
  1 October 2003 only if the annuity is not funded from        ■ One or each of them provides the other with financial
  the commutation of another annuity).                           support; and
Complying superannuation fund - A superannuation               ■ One or each of them provides the other with domestic
fund which complies with the standards specified in the SIS      support and personal care.
Legislation and as such is eligible to receive concessional
                                                               They have a close personal relationship (note that this
taxation treatment.
                                                               condition alone will satisfy the definition if the other
Concessional component - represents part of an ETP             requirements for interdependency are not satisfied because
that was made to a member prior to 1 July 1994 and             of a physical, intellectual or psychiatric disability).
generally occurred under the following:
                                                               Investment adviser - A person or company who
■ Approved early retirement scheme payments.                   provides advice on the activities and future prospects of
                                                               earnings of investment managers and securities, for the
■ Bona fide redundancy payments.
                                                               purpose of investment.
■ Invalidity payments.
                                                               Investment managers - A company that invests in the
Custodian - An organisation which safeguards and               financial markets on behalf of the Trustee.
maintains assets on behalf of other people. A custodian is
responsible for holding assets on behalf of others and does
not own the assets.




                                                                                        FuturePlus Financial Services          39
                                Rollover and Allocated Pension Plan




     Legal Personal Representative - The executor of your             Totally and permanently incapacitated - Ill-health
     will, or the administrator of your estate if you have not        where the Trustee is reasonably satisfied that you are
     appointed an executor or do not have a will, the Trustee of      unlikely, because of ill-health, ever again to be employed in
     the estate of a person under a legal disability (such as         a capacity for which you are reasonably qualified by
     mental incapacity), or a person who holds your enduring          education, training or experience.
     power of attorney.
                                                                      Trust Deed - A document governing the operation of a
     Preserved - The amount of your superannuation benefits           superannuation fund. The Trust Deed usually contains
     that cannot be paid to you until you meet a condition of         provisions in relation to investment powers, ability to make
     withdrawal.                                                      payments, reporting, recording of accounts, benefit
                                                                      payments and the rights and duties of the Trustee.
     Spouse - Includes a person who satisfies the Trustee that
     he or she was living with the member immediately prior to        Trustee - A person or company that has legal
     death of the member on a genuine domestic basis as               responsibility for the operation of a superannuation fund.
     husband and wife.
                                                                      Undeducted contribution - A component of an ETP
     Superannuation Industry (Supervision) Act 1993                   comprising of superannuation contributions (usually by
     (Commonwealth) (SIS) - Commonwealth Government                   employees) paid after 30 June 1983, for which no tax
     Legislation which commenced on 1 July 1994, which                deduction was claimed.
     covers the regulation, responsibilities and activities of
                                                                      Unrestricted non-preserved benefit - The amount of
     superannuation funds.
                                                                      your superannuation benefits that can be paid to you
                                                                      without restriction at any time.
                                                                      Working - For superannuation purposes, you are
                                                                      considered to be “working” if you are employed or self
                                                                      employed for gain, or reward, in any business, trade,
                                                                      profession, vocation, calling, occupation, or employment.




40        Energy Industries Superannuation Scheme
Rollover Plan
                                                                    Application for Membership
Please complete in capital letters and BLACK INK only
This form is to be completed if you wish to join the Energy Industries Rollover Plan.
You should read ‘Important Notes for Members’ and refer to the Product Disclosure Statement before completing this form.

Privacy: The personal information to be collected on this form is required in order to establish and maintain your membership in the Energy
Industries Rollover Plan which shall provide you with superannuation benefits. If you do not provide this information your membership details
and your benefit entitlements may not be maintained accurately. Your personal information will be provided to other entities providing
services to the Plan only in association with a contractual requirement that those entities abide by the Privacy Act 1988 (C’th) in the same
manner as the Plan and apply the relevant aspects of the Plan’s Privacy Policy. Your personal information may be accessed by or disclosed
to other entities associated with the Plan so that they can provide information to you about pre-retirement, post-retirement or investment
products. You can access your personal information by contacting the Plan (see contact details below).


1. Your details
Title                                                                                (e.g. Mr/Mrs/Ms/Miss/Dr)

Family name

Given name(s)

Street/PO Box no.

Suburb/Town/City

                                                                         Country
State/Territory                  Postcode
                                                                         (if outside Australia)
Phone: Home no.                                                          Business no.
(inc. STD/ISD)                                                           (inc. STD/ISD)
                                                                         Fax no.
        Mobile no.
                                                                         (inc. STD/ISD)

E-mail address

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


2. Investment Details
My investment is sourced from the following
Personal contributions                                               $

Spouse Contributions (legal or defacto contributing on my behalf)    $

Superannuation Rollovers                                             $

Employer ETP Rollovers                                               $

Total Investment                                                     $

Cheques should be made payable to the “Energy Industries Rollover Plan”

Please indicate your preference:
          High Growth                  Diversified                   Balanced                     Capital Guarded          Cash Plus

                     %                           %                             %                             %                      %

If you don’t indicate a strategy, your account will be invested in the Cash Plus Option




EI_R_1044 v2.2 May 2004                                             1 of 2                              E06-000000m-1044
3. Declaration by applicant
I declare that:
• I understand that Energy Industries Superannuation Scheme Pty Limited (ABN 72 077 947 285) (the “Trustee”) can provide me with
  information but cannot give me investment advice and the Product Disclosure Statement is a general guide and does not constitute
  investment advice.
• I understand that the Trustee is not responsible for my choice of investment strategy.

• The information provided on this application is correct to the best of my knowledge.

Signed                                                                            Date (dd/mm/yyyy)              /           /



IMPORTANT NOTES FOR MEMBERS
INVESTMENT OPTION                                                             GIVING YOUR TAX FILE NUMBER
Unless a valid choice of investment strategy is made in                       If you have not already given us your Tax File Number (TFN)
Section 2, your account will be invested in the Cash Plus option.             you should consider doing so now.
Contact Member Services for details.
                                                                              To give us your TFN, complete the attached ”Notification of
                                                                              Tax File Number” Form and send it to us with this form.
FEES AND CHARGES
Are as set out in Product Disclosure Statement available from
Member Services.
                                                                              PROTECTING YOUR PRIVACY
                                                                              The Trustee is fully committed to comply with the National
                                                                              Privacy Principles in the way in which your personal information
                                                                              is stored and used. Full details of how this is achieved are
                                                                              contained in the Trustee’s Privacy Policy, which is available from
                                                                              Member Services or on the Plan’s website at
                                                                              www.eisuper.com.au.


What to do next
Please ensure that:
•   you have completed Section 2 “Investment Details”; and
•   you have signed and dated Section 3 “Declaration by applicant”
Now please send this form to the Plan address below.

Where to send this form/enquiries
Energy Industries Rollover Plan                                                                Phone: 1300 883 788 (toll free) or 8234 6000
PO Box N180                                                                                    (8.30 am – 5.00 pm Mon – Fri)
Grosvenor Place NSW 1220                                                                       Fax (02) 9279 4130
website: www.eisuper.com.au                                                                    enquiries: info@eisuper.com.au




EI_R_1044 v2.2 May 2004                                              2 of 2                           E06-000000m-1044
Allocated Pension Plan
                                                                  Application for Membership
Please complete in capital letters and BLACK INK only
This form is to be completed if you wish to join the Energy Industries Allocated Pension Plan.
You should read ‘Important Notes for Members’ and refer to the Product Disclosure Statement (available from Member Services) before
completing this form.

Privacy: The personal information to be collected on this form is required in order to establish and maintain your membership in the Energy
Industries Allocated Pension Plan which shall provide you with superannuation benefits. If you do not provide this information your
membership details and your benefit entitlements may not be maintained accurately. Your personal information will be provided to other
entities providing services to the Plan only in association with a contractual requirement that those entities abide by the Privacy Act 1988
(C’th) in the same manner as the Plan and apply the relevant aspects of the Plan’s Privacy Policy. Your personal information may be
accessed by or disclosed to other entities associated with the Plan so that they can provide information to you about pre-retirement, post-
retirement or investment products. You can access your personal information by contacting the Plan (see contact details below).


1. Your details
Title                                                                              (e.g. Mr/Mrs/Ms/Miss/Dr)

Family name

Given name(s)

Street/PO Box no.

Suburb/Town/City

                                                                       Country
State/Territory                  Postcode
                                                                       (if outside Australia)
Phone: Home no.                                                        Business no.
(inc. STD/ISD)                                                         (inc. STD/ISD)
                                                                       Fax no.
        Mobile no.
                                                                       (inc. STD/ISD)

E-mail address

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


2. Investment Instructions
 Payment Instructions
                                                                       From my Energy Industries Rollover Plan to the Energy Industries
         Please rollover                      $
                                                                       Allocated Pension Plan

  OR
         The amount of my Eligible
                                              $
         Termination Payment(s) is (are)
Cheques should be made payable to the “Energy Industries Allocated Pension Plan”

Please indicate your preference: (If you don’t indicate a strategy, your account will be invested in the Cash Plus Option)
          High Growth                  Diversified                  Balanced                    Capital Guarded            Cash Plus

                     %                            %                          %                             %                        %




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3. Pension Payments
Amount required each year (select one)
            Minimum amount allowable             Maximum amount allowable                    Specific amount
                                                                                                                     $
            each year                            each year                                   each year

Payment frequency (select one)
                                                                                        With first payment to
            Monthly           Quarterly           Half-yearly          annually
                                                                                        commence in month of
Please refer to the Product Disclosure Statement for more details.


4. Payment Instructions
Please pay pension directly to the Bank, Credit Union or Building Society account shown below:
Type of account
            Bank              Credit union                Building Society
Name of financial
institution

Account name

Account number                                                               Branch (BSB) no.                    -


5. Declaration by applicant
I declare that:
• I understand that Energy Industries Superannuation Scheme Pty Limited (ABN 72 077 947 285) (the “Trustee”) can provide me with
  information but cannot give me investment advice and the Product Disclosure Statement is a general guide and does not constitute
  investment advice.
• I understand that the Trustee is not responsible for my choice of investment strategy.

• The information provided on this application is correct to the best of my knowledge.

Signed                                                                             Date (dd/mm/yyyy)                 /        /

If you do not choose an investment strategy, your account will be invested in accordance with the default strategy (See “Important
Notes for Members”).


IMPORTANT NOTES FOR MEMBERS
INVESTMENT OPTION                                                              GIVING YOUR TAX FILE NUMBER
Unless a valid choice of investment strategy is made in                        If you have not already given us your Tax File Number (TFN)
Section 3, your account will be invested in the Cash Plus option.              you should consider doing so now.
Contact Member Services for details.
                                                                               To give us your TFN, complete the attached Form and send
                                                                               it to us with this form.
FEES AND CHARGES
Are as set out in the Product Disclosure Statement.
                                                                               PROTECTING YOUR PRIVACY
                                                                               The Trustee is fully committed to comply with the Information
                                                                               Privacy Principles in the way in which your personal information
                                                                               is stored and used. Full details of how this is achieved are
                                                                               contained in the Trustee’s Privacy Policy, which is available from
                                                                               Member Services or on the Scheme’s website at
                                                                               www.eisuper.com.au.


What to do next
Please ensure that:
•   you have completed Section 2 “Investment Instructions”;              •      you have completed Section 4 “Payment instructions”;
•   you have completed Section 3 “Pension payments”;                     •      you have signed and dated Section 5 “Declaration by Applicant”;
Now please send this form to the Scheme address below.                   •      you have completed the Tax File Number Declaration Form.

Where to send this form/enquiries
Energy Industries Allocated Pension Plan                                                            Phone: (02) 8234 6000 or 1300 883 788
PO Box N180                                                                                         (8.30 am – 5.00 pm Mon – Fri)
Grosvenor Place NSW 1220                                                                            Fax (02) 9279 4130
website: www.eisuper.com.au                                                                         enquiries: info@eisuper.com.au




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Tax File Number Declaration form
This declaration is NOT an application for a tax file number.
Please print neatly in BLOCK LETTERS and use a BLACK or DARK BLUE pen. Print X in the appropriate boxes. Please ensure you read all the
instructions prior to completing this declaration.
Section A – to be completed by the investor
1.    Your Tax File Number (TFN)                                                   8. Are you an Australian resident for taxation purposes?


                                                                                        Yes              No           If ‘No’, you must answer ‘No’ at Question 9.
      OR I have made a separate application/enquiry to the Tax Office
      for a new or existing TFN.                                                   9. Do you wish to claim the tax-free threshold from this payer?
      OR I am claiming an exemption because I am under 18 years of
      age and do not earn enough to pay tax.                                                   NOTE: If you have more than one source of income and you currently
      OR I am claiming an exemption because I am a pensioner.                                 claim the tax-free threshold from another payer, DO NOT claim it now.
                                                                                                                     If ‘No’ you must answer ‘No’ at questions 10 and
2.    Do you authorise your payer to give your TFN to the trustee of                                                 11 unless you are a non-resident claiming a
      your superannuation fund or to your retirement savings                                                         senior Australians tax offset or a zone tax offset
      account (RSA) provider?                                                           Yes             No           respectively.
                                                                                   10. Are you claiming a reduced rate of withholding for either
       Yes                   No                                                        Family tax benefit or Senior Australians tax offset?
3.    Your name please tick one:                                                                                     If ‘Yes’, obtain the Withholding declaration from
                                                                                                                     your payer, but only if you are claiming the tax-
          Mr           Mrs          Ms            Miss                                  Yes             No           free threshold from this payer.
      Surname or family name                                                       11. Are you claiming a zone, dependent spouse or special tax offset?

                                                                                                                     If ‘Yes’, obtain the Withholding declaration from
                                                                                        Yes             No           your payer.
      First given name                                                             12. (a) Do you have an accumulated HECS debt?

                                                                                                                     If ‘Yes’, your payer will withhold extra amounts to
                                                                                        Yes             No           cover your anticipated compulsory repayment(s).
      Other given names                                                                 (b) Do you have an accumulated Financial Supplement debt?

                                                                                                                     If ‘Yes’, your payer will withhold extra amounts to
                                                                                        Yes             No           cover your anticipated compulsory repayment(s).
4.    If you have changed your name since you last dealt with the                  13. (a) Do you wish to claim entitlement to a deductible amount of
      Tax Office, show your previous family name                                       tax offset for an annuity or superannuation pension?
                                                                                                                     If ‘Yes’, your superannuation provider or the
                                                                                                                     organisation that sold you your annuity will work
                                                                                        Yes             No           out your entitlement.
5.    Your date of birth
      (dd/mm/yyyy)                                                                 14. Declaration
                                                                                   I declare that the information I have given on this form is complete
6.    Your home address in Australia                                               and correct.

                                                                                   Signature of applicant:



      Suburb or Town               State                       Postcode
                                                                                   Date (dd/mm/yyyy)
                                                                                                                            /              /
7.    On what basis are you paid? (select one only)

Full-time         Part-time        Casual             Labour
                                                                  Superannuation   Please note: There are penalties for deliberately making a false or
                                                                  pension or       misleading statement
employment        employment       Employment         hire
                                                                  annuity

Section B – to be completed by payer
1.    ABN                                                                          5.   Contact person
       72 007 947 285
2.    Payer’s registered business or trading name                                       Daytime telephone during business hours
       Energy Industries Superannuation Scheme
       Pty Limited                                                                             1300 883 788
3.    Business address                                                                  Signature of payer
        Ground Floor, 28 Margaret Street
        Sydney, NSW 2000
4.    If this payee/payer relationship has                                         Please note: Penalties apply where you fail to forward the original to the
      now ended, please tick this box.                                             Tax Office.
                                                                                   Date (dd/mm/yyyy)
 Please estimate the time taken to complete section B.                    mins                                              /              /
                          Please return original ATO copy to: Australian Taxation Office, PO Box 9004, Penrith NSW 2740




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    Tax File Number Declaration
 The Tax file number declaration is not an application form for a tax file number (TFN). If you have never had a TFN and want to provide
 your payer with your TFN you will need to complete a Tax file number application or enquiry for an individual (NAT 1432). You will need to
 provide proof of identity documents as outlined on the application form. For further information about applying for a TFN, phone 13 28 61.


Who should complete this declaration?                                           Privacy of information
You should complete a new Tax file number declaration before you                The Income Tax Assessment Act 1936 authorises the Tax Office to
start to receive payments from a new payer, for example, when                   request information in this declaration. This information will help
you start a new job or become entitled to a superannuation                      the Tax Office administer the laws relating to taxation, and other
pension. Your payer must notify the Tax Office within 14 days of                government agencies administering other legislation covering
the start of the new arrangement.                                               Commonwealth benefits and superannuation. All information,
The entity making the payment is your ‘payer’ and you are the                   including personal information, collected by the Tax Office is
‘payee’. The information you provide in this declaration will help              treated as confidential and is protected by the Income Tax
your payer work out how much tax to take out of payments to be                  Assessment Act 1936 and the Privacy Act 1988.
made to you.                                                                    The Tax Office may give this information to other government
This declaration covers payments for:                                           agencies as authorised by taxation law, for example,
                                                                                Commonwealth agencies which administer laws relevant to your
•   work and services – payments to employees, company                          particular situation. Depending on your situation these agencies
    directors, office holders, as well as payments under return-to-             could include Centrelink, the Australian Federal Police, the Child
    work schemes, labour hire arrangements, or payments                         Support Agency, the Department of Veterans’ Affairs, the
    specified by regulation                                                     Department of Immigration and Multicultural and Indigenous
•   benefit and compensation payments, and                                      Affairs, the Department of Family and Community Services and the
                                                                                Department of Education, Science and Training.
•   retirement payments and annuities and eligible termination
    payments.                                                                   If you quote your tax file number (TFN) to your payer, in some
                                                                                circumstances the payer may, and in others must, give your TFN
Varying your withholding rate                                                   to your superannuation fund.
Withholding declaration (NAT 3093) from your payer.                             Only certain people and organisations can ask for your TFN.
You also need to complete a Withholding declaration if at any time              These include employers, some federal government agencies,
you wish to:                                                                    trustees for superannuation funds, payers under the pay as you go
                                                                                (PAYG) system, higher education institutions, the Child Support
•   advise a change to your tax offset or family tax benefit
                                                                                Agency (CSA) and investment bodies such as banks. Section
    entitlement
                                                                                202C of the Income Tax Assessment Act 1936 authorises the Tax
•   claim the tax-free threshold and discontinue claiming the                   Office to request quotation of your TFN on this declaration for the
    threshold with other payers                                                 purposes of administering taxation laws. It is not an offence not to
•   advise that you have become or ceased to be an Australian                   quote your TFN but there may be consequences if you do not, for
    resident for tax purposes, or                                               example, you may have more tax withheld than otherwise would
                                                                                occur.
•   advise your payer of Higher Education Contribution Scheme
    (HECS) or Financial Supplement repayment obligations or                     If you need more information about how the tax laws protect your
    changes.                                                                    personal information, or have any concerns about how the Tax
                                                                                Office has handled your personal information, phone 13 28 61,
You do not need to complete a new Tax file number declaration if                between 8.00am and 6.00pm, Monday to Friday.
you have a current one with your payer (or Employment declaration
or Annuity and superannuation pension declaration completed
before 1 July 2000).
If you qualify for a reduced rate of Medicare levy or are liable for
the Medicare levy surcharge, you can vary the amount your
payerwithholds from your payments by completing a Medicare levy
variation declaration (NAT 0929).

                                     Section A - to be completed by PAYEE
The following instructions will help you complete the attached                  •   you receive certain Centrelink pensions, benefits or
declaration.                                                                        allowances or a service pension from the Department of
                                                                                    Veterans’ Affairs.
1. Your tax file number (TFN)
                                                                                However, you must quote your TFN if you receive Newstart,
It is not an offence not to quote your TFN. However, if you do not
                                                                                sickness allowance, special benefit or partner allowance.
provide your payer with your TFN or claim an exemption from
quoting your TFN, your payer must withhold 48.5% (the highest                   Print X in the appropriate box at this question if you are claiming
marginal rate plus Medicare levy) from any payment to you.                      an exemption.
Your TFN is usually on any papers sent to you from the Tax Office,              2. Do you authorise your payer to give your
such as last year’s income tax notice of assessment.
                                                                                TFN to the trustee of your superannuation
Phone 13 28 61 if you:                                                          fund?
•   cannot find your TFN or are not sure you have one. You will be              You can authorise your payer to provide your TFN to the trustee
    asked for information about your identity and, if you have a                of your superannuation fund or to your retirement savings
    TFN, we will provide it to you.                                             account (RSA) provider. However, you are not required to do so.
•   have never had a TFN. You will be advised to complete a Tax                 Giving your TFN to your superannuation fund will make it much
    file number application or enquiry for an individual (NAT 1432).            easier in future to trace different superannuation amounts in your
                                                                                name so that you get the maximum benefit when you retire. It
If you have lodged a Tax file number application or enquiry for an              can also help in calculating a lower tax liability on an eligible
individual or made a phone or counter enquiry to obtain your TFN,               termination payment.
print X in the appropriate box at this question. Your payer will                Your superannuation fund needs your TFN when reporting
withhold an amount at the rate of tax applicable to a TFN having                information on your superannuation contributions to the Tax
been quoted. If your payer does not have your TFN after 28 days,                Office. Without your TFN your surchargeable superannuation
they must withhold 48.5% from future payments to you.                           contributions may be subject to the maximum surcharge rate.
You are exempt from quoting your TFN if:
                                                                                3. 4. 5. 6. Your details
•   you are under 18 and earn below $6,000 a year, or
                                                                                See declaration.



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7. On what basis are you paid?                                                     •   a male veteran or war widower aged 60 years or more or a
If you are not sure of the basis of your payment, check with your                      female veteran or war widow aged 57.5 years or more.
payer. If you select 'Superannuation pension or annuity' as your                   If you are unsure if you are a veteran, war widow or war
basis of payment, make sure you complete question 13.                              widower, or if you qualify for the earlier veteran pension age,
                                                                                   phone the Department of Veterans’ Affairs (DVA) on 13 32 54.
8. Are you an Australian resident for tax
                                                                                   (b) Eligibility for Commonwealth age pension or similar type
purposes?                                                                          payment
If you need help in deciding whether you are an Australian resident
for tax purposes, phone 13 28 61.                                                  •   you received a Commonwealth of Australia government age
                                                                                       pension or a pension, allowance or payment from DVA at
If you are not an Australian resident for tax purposes, you must                       any time during the 2004–05 income year
answer No at questions 9 and 11 (unless you are entitled to a zone
tax offset).                                                                       •   you did not receive a Commonwealth of Australia age
                                                                                       pension because you did not make a claim or because of the
9. Do you wish to claim the tax-free threshold                                         application of the income test or the assets test, but you
from this payer?                                                                       have a qualifying ground that makes you eligible for the age
The tax-free threshold is available to all Australian residents for tax                pension, or
purposes. This means that the first $6,000 of income earned each                   •   you are a veteran who is eligible for but did not receive a
year is not subject to tax.                                                            pension, allowance or payment from DVA because you did
You can only claim the tax-free threshold from one payer at a                          not make a claim, or because of the application of the
time.                                                                                  income or the assets test.
Generally you should claim the tax-free threshold from the payer                   (c) Income threshold
you expect will pay you the most during the year.                                  You satisfy the income threshold that applies to you:
If you receive any taxable Centrelink payments or allowances such                  •   you did not have a spouse (married or de facto) and your
as Newstart, Austudy or Youth Allowance you may have already                           taxable income was less than $38,340
claimed the tax-free threshold with Centrelink.                                    •   you had a spouse (married or de facto) and the combined
If you need help in deciding whether you can claim the tax-free                        taxable income of you and your spouse was less than
threshold, or which payer you should claim the threshold from,                         $59,244, or
phone 13 28 61 between 8.00am and 6.00pm, Monday to Friday.                        •   you had a spouse (married or de facto) and the combined
If you are claiming the tax-free threshold from another payer – and                    taxable income of you and your spouse, where you ‘had to
you wish to change this – you must complete a Withholding                              live apart due to illness’ or either of you was in a nursing
declaration (NAT 3093) to advise that payer you no longer wish to                      home at any time in 2004–05 income year, was less than
claim the tax-free threshold.                                                          $71,406.
If your income comes from more than one payer and you consider                     ‘Had to live apart due to illness’ is a term used to describe a
that claiming the tax-free threshold with only one payer would lead                situation where the living expenses of you and your spouse
to a large credit at the end of the income year, you may be eligible               (married or de facto) are increased because you are unable to
to vary the prescribed withholding rate. To be eligible, you must be               live together in your home due to the indefinitely continuing
able to estimate your taxable income for the whole income year.                    illness or infirmity of either or both of you.
For more information, phone 1300 360 221, between 8.00am and                       (d) Not in prison
6.00pm, Monday to Friday.
                                                                                   You were not in prison for the whole income year.
10. Are you claiming a reduced rate of                                             If you qualify, the amount of tax offset available to you depends
withholding for either family tax benefit or Senior                                on your taxable income levels and whether you are single,
                                                                                   married or a member of an illness-separated couple.
Australians tax offset?
                                                                                   Answer NO at this question if you wish to claim the entitlement to
Family tax benefit (FTB)                                                           the tax offset as a lump sum in your end-of-year assessment.
You can claim FTB if you are an Australian resident (for family
                                                                                   Answer YES at this question if you choose to receive the Senior
assistance purposes) who cares for an eligible child and your
                                                                                   Australians tax offset by having a reduced rate of tax deducted
family’s adjusted taxable income is below $84,023, plus $3,358 for
                                                                                   from your pay during the year. You will need to complete a
each child after the first. If your family income is more than
                                                                                   Withholding declaration (NAT 3093) (see ‘Varying your
$84,023, you may be eligible for a reduced benefit.
                                                                                   withholding rate’). Your payer will calculate your rate of
You can receive FTB as a fortnightly payment from Centrelink or                    withholding based on the information you provide.
as an end-of-year lump sum through the tax system.
                                                                                   Your tax payable will be reduced to nil where you are entitled to
Answer NO at this question if you choose to receive FTB as:                        the Senior Australians tax offset and your taxable income is
•   a fortnightly payment from Centrelink, or                                      equal to or below the relevant income threshold. A reduced tax
                                                                                   offset will apply where your taxable income is above the income
•   an end-of-year lump sum through the tax system but without                     thresholds, but less than the cut-out threshold.
    any reduction in the rate of tax deducted from your pay during
    the year.                                                                      You may not be required to lodge an income tax return if your
                                                                                   income from all sources is less than or equal to the relevant
Answer YES at this question if you choose to receive an end-of-                    income threshold.
year lump sum through the tax system and have a reduced rate of
tax deducted from your pay during the year. You will also need to                  If your income comes from more than one source, do not
complete a Withholding declaration (NAT 3093) (see ‘Varying your                   complete this question for any of your payers. Phone 1300 360
withholding rate’).                                                                221, between 8.00am and 6.00pm, Monday to Friday, for advice.

It is against the law to reduce your withholdings with more than                   It is against the law to claim the Senior Australians tax offset
one payer at the same time.                                                        from more than one payer at the same time.
You must still lodge an FTB tax claim at the end of the income                     11. Are you claiming a zone, dependent
Senior Australians tax offset                                                      spouse or special tax offset?
To qualify for the Senior Australians tax offset, you need to meet a               You may be entitled to a:
number of conditions. These are:                                                   •   zone tax offset if you live or work in certain remote or
(a) Age                                                                                isolated areas of Australia
At 30 June 2005 you will be:                                                       •   dependent spouse (married or de facto) tax offset if your
                                                                                       spouse’s separate net income is expected to be less than
•   a male aged 65 years or more or a female aged 62.5 years or                        $6,570 for the income year ended June 2005, or
    more, or


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•   special tax offset for a dependent invalid relative, dependent               If your annual income is likely to be above the minimum
    parent, housekeeper caring for an invalid spouse or a                        repayment threshold, your payer will regularly withhold additional
    dependent child-housekeeper.                                                 amounts to cover your anticipated compulsory repayment. The
Answer NO at this question if you choose to receive any of these                 minimum Financial Supplement repayment threshold for 2004–
offsets as an end-of-year lump sum through the tax system.                       05 is $37,666 or $719 a week.

Answer YES at this question if you choose to receive these tax                   When you have repaid all of your HECS or Financial Supplement
offsets by having a reduced rate of tax deducted from your pay                   debt, you must complete a Withholding declaration and answer
during the year. You will need to complete a Withholding                         NO at this question.
declaration (NAT 3093) (see ‘Varying your withholding rate’).                    For more information about HECS and Financial Supplement
You can phone us if you are not sure whether you are eligible for                debts, please contact us. See ‘More information for payees’ on
the zone, dependent spouse or special tax offset. See ‘More                      page 4.
information for payees’ on page 4.
                                                                                 13. Do you wish to claim entitlements to a
It is against the law to claim tax offsets from more than one payer
at the same time.
                                                                                 deductible amount or tax offset for an annuity
                                                                                 or superannuation pension?
12. A Do you have an accumulated Higher                                          If you have bought an annuity or superannuation pension, you
                                                                                 may be entitled to deduct an amount when tax is calculated.
Education Contribution Scheme (HECS) debt?
     B Do you have an accumulated Financial                                      If you have an annuity or superannuation pension, you may be
                                                                                 entitled to a tax offset.
Supplement debt?
Answer YES at (a) if you have an accumulated HECS debt. Note                     Answer YES at this question if you wish to claim any of these
that a HECS debt may include debts under the Postgraduate                        entitlements. Your superannuation provider or the organisation
Education Loan Scheme (PELS), Open Learning Deferred                             that sold you your annuity will work out your entitlement.
Payment Scheme (OLDPS) or Bridging for Overseas Trained                          Make sure you have answered all the questions in section A
Professionals Loan Scheme (BOTPLS).                                              and have signed and dated the declaration.
There are 4 schemes under the Higher Education Funding Act 1988                  Give your completed declaration to your payer.
offering Commonwealth loans to assist students to pay their higher
education fees. If the Commonwealth lends you money to pay your
higher education fees under HECS, PELS, OLDPS or BOTPLS
you will have a HECS debt.                                                       MORE INFORMATION FOR PAYEES
Answer YES at (b) if you have an accumulated Financial                           If you need more information about TFNs or how to complete the
Supplement debt.                                                                 Tax file number declaration, you can:
The Student Financial Supplement Scheme (SFSS) is a voluntary                    •   visit our website at www.ato.gov.au
loan scheme for tertiary students to help cover their expenses                   •   phone 13 28 61 between 8.00am and 6.00pm, Monday to
while they study. In the fifth year after the loan is taken out, it                  Friday, or
becomes an accumulated Financial Supplement debt, to be
                                                                                 •   obtain a fax by phoning 13 28 60.
collected by the Tax Office.

                                     Section B - to be completed by PAYER
Tax file number declarations                                                     What if a payee does not give you a completed Tax file
If you withhold, or are likely to withhold amounts from payments to              number declaration?
a payee, the payee may give you a completed Tax file number                      Privacy Act 1988 – storage and disposal of TFN information.
declaration.                                                                     Under the TFN guidelines in the Privacy Act, you must use secure
The amount to be withheld from payments you make to your payee                   methods when storing and disposing of TFN information.
is determined primarily by the answers given by the payee on a                   Retaining declarations – Under tax laws, if a payee submits a
Tax file number declaration. This declaration replaces the                       new Tax file number declaration or leaves your employment, you
Employment declaration and Annuity and superannuation pension                    must still keep this declaration for the current and next financial
declaration from 1 July 2000. Valid employment declarations and                  year.
annuity and superannuation pension declarations as at 30 June                    Penalties
2000 will continue to be valid as tax file number (TFN) declarations
under PAYG.                                                                      Penalties apply for failing to forward original copies of completed
                                                                                 Tax file number declarations to the Tax Office.
A Tax file number declaration applies to payments made after the
declaration is provided to you. A later declaration provided by a                Penalties also apply if you do not retain the Payer copy of
payee overrides their earlier declaration.                                       completed Tax file number declarations for your records.

Where a payee has given you a completed Tax file number                          MORE INFORMATION FOR PAYERS
declaration you are required to complete Section B and send the                  To apply for an Australian business number (ABN), or a withholder
original to the Tax Office within 14 days. You must retain the                   payer number (WPN) if not in business, phone 13 28 66.
Payer’s copy for your records.
                                                                                 To obtain TFN declarations, withholding declarations and PAYG
What if a payee advises you that they have applied for a TFN, or                 withholding tax tables, you can:
enquired about their existing TFN?
                                                                                 •   visit our website at www.ato.gov.au, or
If a payee states at 1 of the Tax file number declaration that they
have applied for an individual TFN, or enquired about their existing             •   phone 1300 720 092
TFN, they have 28 days to give you their TFN. If the payee has not               •   ask your newsagent (please note that not all newsagents stock
given you their TFN within this time (unless the Tax Office tells you                these products).
not to), you must withhold an amount at the top marginal rate of
tax plus Medicare levy (currently 48.5%) from the payee’s                        Send completed declarations to:
payments and:                                                                    •   For NSW, QLD and ACT Australian Taxation Office Australian
•   all leave loading payments                                                       Taxation Office, PO Box 9004, Penrith NSW 2740

•   leave payments on termination of employment, that is, holiday                To find out how to report data from your payroll system to the
    pay, unused annual leave and long service leave, and                         Tax Office on magnetic media, phone 1800 679 974.
•   the pre-July 1983 part or the post-June 1983 part of an eligible
    termination payment.




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Rollover and Allocated Pension Plan
                           Nomination of Beneficiary
Please complete in capital letters and BLACK INK only
Use this form ONLY if you wish to pay your benefits to your legal personal representative (Estate) on your death.
If you do not nominate your Estate, the scheme rules require that the benefit be paid to your spouse or dependent same sex partner, if any.
If the Trustee cannot locate a spouse, the benefit payment defaults to the Estate. The Estate will then pay the benefits in accordance with
your will, subject to relevant law.
Please ensure that you have first read the “Important Notes for Members” before completing this form.

1. Your details
Member no.                                                                  Date of birth (dd/mm/yyyy)          /            /

Title                                                                                (e.g. Mr/Mrs/Ms/Miss/Dr)

Family name

Given name(s)

Street/PO Box no.

Suburb/Town/City

                                                                        Country
State/Territory                   Postcode
                                                                        (if outside Australia)
Phone: Home no.                                                         Business no.
(inc. STD/ISD)                                                          (inc. STD/ISD)
                                                                        Fax no.
         Mobile no.
                                                                        (inc. STD/ISD)

E-mail address


2. Estate and Witness information
I hereby request that in the event of my death, the benefit payable in respect of my death be paid to my legal personal
representative.
In nominating my legal personal representative as my beneficiary, I acknowledge that I am aware that the Trustee is not bound by that
nomination but may determine to pay all or part of that benefit to my surviving spouse or, if there is more than one surviving spouse, to one
or both of those spouses.
Although not strictly necessary, you may wish to provide details of the Executor of your Estate to assist in quick processing of your benefits.
The details of my Executor are as follows:

Title                                                                                (e.g. Mr/Mrs/Ms/Miss/Dr)

Full name

Street/PO Box no.

Suburb/Town/City

                                                                        Country
State/Territory                   Postcode
                                                                        (if outside Australia)
Phone: Business                                                    Fax no.
no. (inc. STD/ISD)                                                 (inc. STD/ISD)
Please notify the Trustee in the event of any change in the details of your Executor.
                      TO BE VALID, THIS FORM MUST BE SIGNED BY YOU, DATED AND WITNESSED:

Signed                                                                             Date (dd/mm/yyyy)            /            /

Witnessed by:
Full name

Signed                                                                             Date (dd/mm/yyyy)            /            /




EI_AR_1046 v1.6 April 2005.docApril 2005                           1 of 2                           E07-000000m-1046
IMPORTANT NOTES FOR MEMBERS
LEGAL PERSONAL REPRESENTATIVE                                               SPOUSE/SAME-SEX PARTNER
Nomination of your legal personal representative (Estate) is                The Trustee will examine and determine who is your spouse or
optional.                                                                   dependant same-sex partner in terms of the Trust Deed and
                                                                            relevant law in the event of your death.
Where a nomination has not been made, any remaining account
balance will be paid by the Trustee to your spouse (either legal
or de facto), dependent same-sex partner, or to your Estate                 PROTECTING YOUR PRIVACY
where you are not survived by a spouse or dependant same-sex                The personal information you are requested to provide is
partner.                                                                    required in order to establish and maintain your membership in
                                                                            the Energy Industries Rollover and Allocated Pension Plan.
The Trustee is not bound by this nomination but will give it due
consideration in determining the beneficiaries to be paid your              The Trustee is fully committed to comply with the Information
benefit in the event of your death.                                         Privacy Principles in the way in which your personal information
                                                                            is stored and used. Full details of how this is achieved are
                                                                            contained in the Trustee’s Privacy Policy, which is available from
WITNESS DEFINITION                                                          Member Services or on the Scheme’s website at
A witness can be anyone who is at least 18 years of age and is              www.eisuper.com.au.
not a beneficiary.
Please note: It is important that you keep an up-to-date and
valid will.



Where to send this form/enquiries
Energy Industries Rollover and Allocated Pension Plan                                        Phone: 1300 883 788 (toll free) or 8234 6000
PO Box N180                                                                                  (8.30 am – 5.00 pm Mon – Fri)
Grosvenor Place NSW 1220                                                                     Fax (02) 9279 4130
website: www.eisuper.com.au                                                                  enquiries: info@eisuper.com.au




EI_AR_1046 v1.6 April 2005.doc April 2005                          2 of 2                         E07-000000m-1046
Rollover Plan and Allocated Pension
                                Transfer-in Authority
                                                                                                             (from an external fund)
Please complete in capital letters and in BLACK INK only
The Energy Industries Superannuation Scheme is a regulated superannuation fund under Superannuation Law and is able to accept
transfers of all superannuation benefits, whether preserved or non-preserved, from any complying fund.

This form is to be completed if you would like to transfer monies to your Energy Industries Rollover and Allocated Pension Plan account.

Upon receipt of this form, we will forward it to your previous super fund – as per the authorisation supplied by you in Section 3, “Instructions
to previous fund trustee”.

Please note that unless you are the holder of a spouse account, you must be currently employed by an Energy Industries
Superannuation Scheme employer to rollover funds to your account.


1. Your details
Member no.                                                                Date of birth (dd/mm/yyyy)             /            /

Title                                                                               (e.g. Mr/Mrs/Ms/Miss/Dr)

Family name

Given name(s)

Street/PO Box no.

Suburb/Town/City

                                                                        Country
State/Territory                   Postcode
                                                                        (if outside Australia)
Phone: Home no.                                                         Business no.
(inc. STD/ISD)                                                          (inc. STD/ISD)
                                                                        Fax no.
        Mobile no.
                                                                        (inc. STD/ISD)

E-mail address


2. Previous fund details
Please provide the following information. You may need to contact your previous fund or check your last fund statement.

Fund name



Address of the Fund Administrator or Trustee




Policy/
Membership no.
Phone no.                                                               Fax no.
(inc. STD/ISD)                                                          (inc. STD/ISD)




EI_AR_1053 v6.2 April 2005.doc                                       1 of 2                            E07-000000m-1053
3. Instructions to previous fund trustee
To the Trustee(s)
of: (previous fund)



1.   I request and authorise the transfer of all my existing benefits from my previous fund to the Energy Industries Superannuation Scheme –
     Rollover and Allocated Pension Plan; and
2.   I request and authorise the transfer to the Energy Industries Superannuation Scheme of any subsequent contributions which may be
     received after benefits have been transferred to the Energy Industries Superannuation Scheme; and
3.   Please send the cheque for transferred benefits made payable to the Energy Industries Superannuation Scheme – Division F.
4.   I authorise the Trustee of the Energy Industries Superannuation Scheme to make all necessary arrangements, including completing any
     necessary documentation to effect this transfer; and
5.   I consent to representatives of FuturePlus Financial Services Pty Limited (Australian Financial Services Licensee No 238445) to obtain
     any information in relation to my superannuation.
6.   I authorise my previous fund to provide the Trustee of the Energy Industries Superannuation Scheme with all relevant details, including
     details of my membership, a copy of the Eligible Termination Payment Statement and any other information which may be required to
     effect this transfer. By giving this authorisation to transfer my benefits:
     i.    I understand that the Trustee of my previous fund is discharged from any further liability in respect of any amount once benefits have
           been transferred; and
     ii.   I approve the deduction by my previous fund of transfer fees (if any) from the benefits transferred (subject to legislative restriction).
           I understand that the Energy Industries Superannuation Scheme does not levy any transfer fees when receiving rollovers from other
           superannuation funds.

Signed                                                                                 Date (dd/mm/yyyy)              /           /


4. Information for previous fund trustees
Please make cheque payable to “Energy Industries Superannuation Scheme – Division F”

Superannuation Product Identification Number (SPIN):                               EIS0102AU

Superannuation Fund Number (SFN):                                                  446481973

Australian Business Number (ABN):                                              22 277 243 559




IMPORTANT NOTES FOR MEMBERS
PROTECTING YOUR PRIVACY
The personal information you are requested to provide is                           The Trustee is fully committed to comply with the Information
required in order to establish and maintain your membership in                     Privacy Principles in the way in which your personal information
the Energy Industries Rollover and Allocated Pension Plan.                         is stored and used. Full details of how this is achieved are
                                                                                   contained in the Trustee’s Privacy Policy, which is available from
                                                                                   Member Services or on the Plan’s website at
                                                                                   www.eisuper.com.au.


What to do next
Please send this form to the Scheme address below. We will contact your previous fund on your behalf.
                    DO NOT FAX THIS FORM AS YOUR ORIGINAL AUTHORISATION IS REQUIRED



Where to send this form/enquiries
Energy Industries Superannuation Scheme                                                                       Phone: 1300 883 788 (toll free)
PO Box N180                                                                                                   (8.30 am – 5.00 pm Mon – Fri)
Grosvenor Place, NSW 1220
website: www.eisuper.com.au                                                                                   enquiries: info@eisuper.com.au


                                 Note: We will forward this form to your previous super fund




EI_AR_1053 v6.2 April 2005.doc                                            2 of 2                         E07-000000m-1053
Rollover and Allocated Pension Plan
                        Changing Investment Option
Please complete in capital letters and BLACK INK only
This form is to be completed by members wishing to change their existing investment options.
Before completing this form members should read the “Important Notes for Members” and refer to the Product Disclosure Statement
available from Member Services or the Scheme’s website.


1. Your details
Member no.                                                              Date of birth (dd/mm/yyyy)                /         /

Title                                                                              (e.g. Mr/Mrs/Ms/Miss/Dr)

Family name

Given name(s)

Street/PO Box no.

Suburb/Town/City

                                                                       Country
State/Territory                  Postcode
                                                                       (if outside Australia)
Phone: Home no.                                                        Business no.
(inc. STD/ISD)                                                         (inc. STD/ISD)
                                                                       Fax no.
         Mobile no.
                                                                       (inc. STD/ISD)

E-mail address


2. Your investment option
Please choose from the five (5) investment options below:

          High Growth                  Diversified                  Balanced                    Capital Guarded                 Cash Plus

                      %                         %                            %                             %                           %


3. Member declaration
• I understand that Energy Industries Superannuation Scheme Pty Limited (ABN 72 077 947 285) (the “Trustee”) can provide me with
  information but cannot give me investment advice and the Product Disclosure Statement is a general guide and does not constitute
  investment advice.
• I understand that the Trustee is not responsible for my choice of investment strategy.
Signed                                                                           Date (dd/mm/yyyy)                /         /


Where to send this form/enquiries
Energy Industries Rollover and Allocated Pension Plan                                           Phone: 1300 883 788 (toll free) or 8234 6000
PO Box N180                                                                                     (8.30 am – 5.00 pm Mon – Fri)
Grosvenor Place NSW 1220                                                                        Fax (02) 9279 4130
website: www.eisuper.com.au                                                                     enquiries: info@eisuper.com.au




EI_AR_1150 v2.1 April 2005.doc.1 April 2005                         1 of 2                            E07-000000m-1150
IMPORTANT NOTES FOR MEMBERS
INVESTMENT CHOICES                                                           INVESTMENT RETURNS ARE NOT
The Scheme provides you with the opportunity to select the                   GUARANTEED
investment strategy which best meets your needs by providing
                                                                             You should note that with the exception of accounts subject to
five (5) investment choices:
                                                                             member protection, your investment in the Scheme is not
•    High Growth                                                             guaranteed and the balance of your account can rise or fall with
                                                                             the performance of your investment choice or default strategy.
•    Diversified
•    Balanced                                                                PROTECTING YOUR PRIVACY
                                                                             The personal information you are requested to provide is
•    Capital Guarded
                                                                             required in order to establish and maintain your membership in
•    Cash Plus                                                               the Energy Industries Rollover & Allocated Pension.

You can elect to invest in one or more of the strategies by                  The Trustee is fully committed to comply with the Information
nominating the percentage amount in the boxes provided.                      Privacy Principles in the way in which your personal information
                                                                             is stored and used. Full details of how this is achieved are
You should refer to the Product Disclosure Statement (PDS) for               contained in the Trustee’s Privacy Policy, which is available from
full details of each investment choice before completing this                Member Services or on the Scheme’s website at
form. The booklet is available from Member Services or the                   www.eisuper.com.au.
Scheme’s website.


Default Strategy
If you do not choose a strategy, your account will be invested in
the Cash Plus strategy. Full details are contained in your
Product Disclosure Statement and the Scheme’s website. Once
you make a selection, it overrides the default.




EI_AR_1150 v2.1 April 2005.doc                                      2 of 2                           E07-000000m-1150
Rollover Plan
                                                                            Additional Contributions
Please complete in capital letters and BLACK INK only
Cheques should be made payable to the “Energy Industries Rollover Plan”.
If you wish to rollover monies into your existing superannuation scheme, please complete a “Transfer-In Authority” form (available from
Member Services or the Energy Industries Rollover Plan website – see “Where to send this form/enquiries” for details).

1. Your details
Member no.                                                               Date of birth (dd/mm/yyyy)            /          /

Title                                                                               (e.g. Mr/Mrs/Ms/Miss/Dr)

Family name

Given name(s)

Street/PO Box no.

Suburb/Town/City

                                                                        Country
State/Territory                  Postcode
                                                                        (if outside Australia)
Phone: Home no.                                                         Business no.
(inc. STD/ISD)                                                          (inc. STD/ISD)
                                                                        Fax no.
         Mobile no.
                                                                        (inc. STD/ISD)

E-mail address


2. Investment Details
My additional investment is sourced from the following
Personal contributions                                              $

Spouse Contributions (legal or defacto contributing on my behalf)   $

Superannuation Rollovers                                            $

Employer ETP Rollovers                                              $

Total Investment                                                    $

Cheques should be made payable to the “Energy Industries Rollover Plan”


3. Applicant declaration
My financial
planner’s name is


Signed                                                                           Date (dd/mm/yyyy)             /          /




EI_R_1170 v2.0 Aug 2003.doc                                          1 of 2                       Eo1-000000m-1170
IMPORTANT NOTES FOR MEMBERS
SINGLE (LUMP SUM) PAYMENT                                                   PROTECTING YOUR PRIVACY
You can make lump sum contribution, simply by completing this               The personal information you are requested to provide is
    1
form and sending into the Rollover Plan, together with your                 required in order to establish and maintain your membership in
cheque.                                                                     the Energy Industries Rollover Plan.
                                                                            The Trustee is fully committed to comply with the National
TRANSFERS FROM OTHER                                                        Privacy Principles in the way in which your personal information
                                                                            is stored and used. Full details of how this is achieved are
SUPERANNUATION FUNDS                                                        contained in the Trustee’s Privacy Policy, which is available from
The Rollover Plan can accept transfers of superannuation                    Member Services or on the Scheme’s website at
benefits from other funds (including, in some circumstances,                www.eisuper.com.au.
transfer from the Retirement Scheme, Defined Benefits Scheme
or Accumulation Scheme).
Such transfers can be arranged by filling out the ‘Transfer in
Authority’ form.
1
 Forms are available from Member Services or the Energy
Industries Superannuation Scheme website – see “Where to
send this form/enquiries” below for details.



What to do next
Please ensure:
•   You have signed and dated Section 3 “Applicant Declaration”; and
•   If you have completed Section 3 to make a “Single Contribution”, please send this form, together with a cheque made payable to
    “Energy Industries Rollover Plan” to the Scheme address below.


Where to send this form/enquiries
Energy Industries Rollover Plan                                                              Phone: 1300 883 788 (toll free) or 8234 6000
PO Box N180                                                                                  (8.30 am – 5.00 pm Mon – Fri)
Grosvenor Place NSW 1220                                                                     Fax (02) 9279 4130
website: www.eisuper.com.au                                                                  enquiries: info@eisuper.com.au




EI_R_1170 v2.0 Aug 2003.doc                                        2 of 2                         Eo1-000000m-1170
                                            Rollover and Allocated Pension Plan




Contact us
For more information, contact us at:            Sydney      28 Margaret Street
FuturePlus Financial Services Pty Limited                   T: (02) 8234 6000
Freecall   1300 883 788                         Lismore     81-83 Molesworth Street
                                                            T: (02) 6627 5800
Phone      (02) 8234 6000
                                                Orange      187 Summer Street
Fax        (02) 9279 4130                                   T: (02) 6360 1622
Address    Ground Floor                         Wagga Wagga 2/209 Baylis Street
           28 Margaret Street                               T: (02) 6926 8000
           Sydney NSW                           Wollongong  Shop 2 & 3
                                                            60 Burelli Street
Mail       PO Box N180
                                                            T: (02) 4224 8000
           Grosvenor Place NSW 1220
                                                Newcastle   235 Darby Street
                                                            Cooks Hill
                                                            T: (02) 4929 8200
                                                The following offices are staffed one day per
                                                month so bookings are essential, call 1300 369 901 to
                                                make your booking.
                                                Albury              429 Swift Street
                                                Goulburn            148 Auburn Street




                                                                        FuturePlus Financial Services   57
EIF-PDS-PAR-07/05-V02

								
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