BHP Billiton Superannuation Fund

Document Sample
BHP Billiton Superannuation Fund Powered By Docstoc
					BHP Billiton Superannuation Fund
Supplementary Product Disclosure Statement 1 July 2010
Pension Division


      Pension Division
      This Supplementary Product Disclosure Statement (SPDS) modifies pages of the Pension Division Product Disclosure Statement (PDS)
      dated 1 July 2009 and should be read in conjunction with the full PDS.
      For more information about the BHP Billiton Superannuation Fund, please call SuperConnect on 1800 674 702 or visit the website at
      www.bhpbillitonsuper.com.
      Issued by the Trustee, Total Risk Management Pty Limited (ABN 62 008 644 353, AFSL 238790) for the BHP Billiton Superannuation
      Fund ABN 30 187 082 512.
      ___________________________________________________________________________________________________________________

      Calculating your pension minimum amount (page 5)
      You can choose the amount of your pension payments each year, provided you withdraw not less than the minimum amount specified
      by the Government legislation. In recognition of the impact of the markets on account based pensions, the Government temporarily
      reduced the minimum payment amount to 50% of the legislated minimums for the 2009/2010 and 2010/2011 financial years.
      The table below sets out the minimum pension amounts for theand 2010/2011 financial year. From 1 July 2011, the minimum pension
      amounts are expected to return to their previous amounts as indicated in the table.

        Your age at                 Minimum amount as a % of your                       Minimum amount as a % of your
        1 July                     account balance (to 30 June 2011)                   account balance (from 1 July 2011)
        under 65                                       2%                                             4%
        65-74                                         2.5%                                            5%
        75-79                                          3%                                             6%
        80-84                                         3.5%                                            7%
        85-89                                         4.5%                                            9%
        90-94                                         5.5%                                           11%
        95 or over                                     7%                                            14%

      The minimum amount is based on your age and Pension account balance as at 1 July each year or, if you commence your pension
      during the year, the date of commencing your pension.
      In the year you commence your pension, the minimum annual pension payment for the first year will be reduced on a pro-rata basis
      according to the days remaining in the financial year. If you commence your pension in the month of June, a minimum payment is not
      required and your first pension payment may be made be in the following financial year.
      The Fund will monitor minimum annual pension payments. If required, we will top-up the pension payment made to you in June each
      year to ensure you receive the minimum amount for the year. This means you don’t need to worry about checking if you have been
      paid the minimum amount each year.




    1 BHP Billiton Superannuation Fund • Supplementary PDS Pension Division • 1 July 2010

BIL_SPDS_Pension_v1d2_1007
BHP Billiton Superannuation Fund
Supplementary Product Disclosure Statement 1 July 2010
Pension Division


      Minimum amount (page 9)
      The Fund is required to pay you at least the minimum legislated pension from your Pension account each year. The annual minimum
      amount you must take from your pension is based on your age and expressed as a percentage of your account balance.
      You can choose the amount of your pension payments each year, provided you withdraw not less than the minimum amount specified
      by the Government legislation. In recognition of the impact of the markets on account based pensions, the Government temporarily
      reduced the minimum payment amount to 50% of the legislated minimums for the 2009/2010 and 2010/2011 financial years.
      The table below sets out the minimum pension amounts for the 2010/2011 financial year. From 1 July 2011, the minimum pension
      amounts are expected to return to their previous amounts as indicated in the table.

        Your age at                 Minimum amount as a % of your                       Minimum amount as a % of your
        1 July                     account balance (to 30 June 2011)                   account balance (from 1 July 2011)
        under 65                                       2%                                             4%
        65-74                                         2.5%                                            5%
        75-79                                          3%                                             6%
        80-84                                         3.5%                                            7%
        85-89                                         4.5%                                            9%
        90-94                                         5.5%                                           11%
        95 or over                                     7%                                            14%


      Note that the minimum amount is based on your age and Pension account balance as at 1 July each year or, if you commence your
      pension during the year, the date of commencing your pension.
      In the year you commence your pension, the minimum annual pension payment for the first year will be reduced on a pro-rata basis
      according to the days remaining in the financial year. If you commence your pension in the month of June, a minimum payment is not
      required and your first pension payment may be made in the following financial year.
      The Fund will monitor minimum annual pension payments. If required, we will top-up the pension payment made to you in June each
      year to ensure you receive the minimum amount for the year. This means you don’t need to worry about checking if you have been paid
      the minimum amount each year.

      Policy Committee (page 22)
      The Fund also has a Policy Committee with six members. Three members are Company representatives and three are member
      representatives.
      The Policy Committee provides an avenue:
      • for members of the Fund to enquire about the investment strategy and performance of the Fund;
      • for the trustee of the Fund to obtain the views of members of the Fund concerning that strategy and performance;
      • for members of the Fund to enquire about the Fund’s operation or performance;
      • for the trustee of the Fund to obtain the views of members of the Fund concerning the Fund’s operation or performance; and
      • for the trustee of the Fund to obtain the views of members of the Fund on their information needs.
      You can nominate and vote for member representatives. Member representatives must resign from their positions every three years
      but remain eligible for re-election.
      If you have any concerns or suggestions about the Fund or member services, you should feel free to approach a representative of the
      Policy Committee. The Fund’s website lists all Committee members and their contact details.




    2 BHP Billiton Superannuation Fund • Supplementary PDS Pension Division • 1 July 2010

BIL_SPDS_Pension_v1d2_1007
BHP Billiton Superannuation Fund
Supplementary Product Disclosure Statement 1 January 2010
Pension Division


      PenSIon DIvISIon
      This Supplementary Product Disclosure Statement (SPDS) modifies pages of the Pension Division Product
      Disclosure Statement (PDS) dated 1 July 2009 and should be read in conjunction with the full PDS.
      For more information about the BHP Billiton Superannuation Fund, please call SuperConnect on
      1800 674 702 or visit the website at www.bhpbillitonsuper.com.
      Issued by the Trustee, Total Risk Management Pty Limited (ABn 62 008 644 353, AFSL 238790) for the
      BHP Billiton Superannuation Fund ABn 30 187 082 512.




The following information is relevant to page 16 of the PDS, which explains your investment options.



 option A                                               Asset mix
                                                        Defensive Assets 100%
 Objective                                                 Cash and short-term
 To target a net rate of return of CPI + 1.0%              money market investments 100%
 p.a. over one year, with a negligible chance of
 a negative return.




 Option B                                               Asset mix*
                                                                                                               10%
                                                                                                                     19%
                                                        Growth Assets                      40%
 Objective                                                 Australian Shares                   19%
 To target a net rate of return of CPI + 2.5%              International Shares                18%     10%
 p.a. over three to five years, with the chance            Property                             2%                                18%
 of a negative return one in every five years.             Alternatives                         1%
                                                        Defensive Assets                   60%
                                                                                                                             2%
                                                           Australian Fixed Interest       20%                             1%
                                                           International Fixed Interest    20%        20%
                                                           Cash                            10%                       20%
                                                           Inflation Linked Bonds          10%

                                                                    19%                                                    35%
 option C                                    10%        Asset mix*                                             10%
                                                        Growth Assets                      70%
 Objective                                                 Australian Shares               35%
                                 10%                                                                   10%
 To target a net rate of return of CPI + 3.5%              International Shares            22%
                                                                                  18%
 p.a. over five to seven years, with the chance            Property                        10%
 of a negative return one in every three to four           Alternatives                     3%       10%
 years.
                                                        Defensive Assets 2%                30%
                                 20%                                     1%
                                                          Australian Fixed Interest            10%     3%
                                                           International Fixed Interest
                                                                    20%                        10%                   22%
                                                                                                             10%
                                                           Inflation Linked Bonds              10%




    1 BHP Billiton Superannuation Fund • Supplementary PDS Pension Division • 1 January 2010

BIL_SPDS_Pension_v1F_0912
      BHP Billiton Superannuation Fund
      Supplementary Product Disclosure Statement 1 January 2010
      Pension Division


                                                                                                                                                            2%
19%
           option D                                      10%
                                                                         Asset mix* 35%
                                                                                                                                                4%
                                                                                                                                                      4%              47%
                                                                         Growth Assets                              90%
           Objective                                                         Australian Shares                      47%                   3%
           To target a net rate of return of CPI + 4.0%
                                        10%                                  International Shares                   30%
                 18%
           p.a. over seven to ten years, with the chance                     Property                               10%            10%
           of a negative return one in every three to four                   Alternatives                            3%
           years.                    10%
                                                                         Defensive Assets                           10%
            2%
          1%                                                                 Australian Fixed Interest                4%
                                        3%
                                                                             International Fixed Interest             4%
20%                                                                                22%                                                   30%
                                                    10%                      Inflation Linked Bonds                   2%



    35%    Option E                                         4%
                                                                  2%     Asset mix* 47%                                                                    3%
                                                                                                                                                                      45%
                                                      4%                 Growth Assets                            100%
           Objective                                                         Australian Shares                      45%
                                                                                                                                                8%
                                             3%
           To target a net rate of return of CPI + 4.5% p.a.                 International Shares                   44%
           over seven to ten years, with the chance of a                     Property                                8%
                                       10%
                                                                             Alternatives & Cash†                    3%
           negative return one in every three to four years.


                                                                                                                                    44%
%                                              30%


      * The asset allocation within each option can vary within ranges approved by the Trustee as a result of market movements or for strategic purposes.
      The intent of this option is to be fully invested in growth assets, however, there will always be a very small allocation to cash for transactional purposes.
      †




              2 BHP Billiton Superannuation Fund • Supplementary PDS Pension Division • 1 January 2010

      BIL_SPDS_Pension_v1F_0912
BHP Billiton Superannuation Fund
Pension Division
Product Disclosure Statement 1 July 2009
Important notice

This Product Disclosure Statement (PDS) describes the main              Further information
features of the two pension products available in the BHP Billiton
Superannuation Fund (BHP Billiton Super or the Fund): Account           The Trustee will provide all information that it believes you will
Based Pension and Account Based Transition to Retirement                reasonably need to assess the management, financial condition and
Pension. This PDS should be read before making a decision               performance of the Fund. If you are seeking further information
to invest in the Fund.                                                  about your benefit, the Fund, or the Trustee, please contact:

The information in this PDS is not intended to constitute               BHP Billiton Superannuation Fund
financial product advice. It has been prepared without taking           Locked Bag A5030
into consideration your particular financial needs, circumstances       Sydney South NSW 1235
and objectives.                                                         Email: bhpbsr@russellsuper.com

We recommend that you assess your own financial situation before        You can also call SuperConnect on 1800 674 702 and speak to
making any decision based on the information contained in the           a Service Representative.
booklet. You can call SuperConnect to obtain help in choosing a
                                                                        The Trustee has provided the regulator (APRA) with a bank
licensed financial adviser who can provide advice about financial
                                                                        guarantee in the sum of $5 million. This guarantee is a minimum
products, based on your individual financial circumstances.
                                                                        capital requirement for TRM and provides comfort in the event of
Please note that as your employer is not a financial services           any default in relation to the operation of the Fund. A copy of the
licensee nor an authorised representative it is not permitted           guarantee is available on request.
to provide you with advice regarding the Fund or any other
superannuation product.

If you choose to take your benefit as a Account Based Pension,
it is important to remember that:

   the amount that you can take out as a pension each year is
   subject to a minimum amount set by legislation,

   an Account Based Pension may not provide an income stream
   for the rest of your life, and

   payments will be made to you only while there is enough money
   in your account.

The information contained in this PDS is correct at the time of
publishing. Changes to Government legislation or superannuation
rules after this date may affect its accuracy. If there is a material
change to any of the information in this document, the Trustee will
issue a supplementary or revised PDS. A copy of the most recent
PDS is provided to prospective members and is available to all
members on the website or by calling SuperConnect.

If a change is not materially adverse to members, the Trustee will
instead provide the updated information to members via the
website and by the newsletter, SuperTalk. A paper copy of this
information will be sent to any member, free of charge, on request.

A formal dispute resolution system has been set up by the Fund.
Details of this system are contained on page 23 of this PDS.

This document is issued by the Trustee,
Total Risk Management Pty Limited (TRM)
(ABN 62 008 644 353 AFSL238790) for
BHP Billiton Superannuation Fund ABN 30 187 082 512.




BHP Billiton Superannuation Fund • Pension Division • 1 July 2009
Super Talk




What’s inside

Contents                               Contact us:
                                          Call SuperConnect on freecall 1800 674 702, or international
Welcome to the Pension Division   2       call +61 2 9374 3902

Account Based Pension             4       Email a Service Representative at bhpbsr@russellsuper.com

                                          Write to:   BHP Billiton Superannuation Fund
Account Based Transition          8
                                                      Locked Bag A5030
to Retirement Pension                                 Sydney South NSW 1235

Death Benefit                     12      Visit our website at www.bhpbillitonsuper.com


Investing your money              14

Tax and your pension              18

Fees and charges                  19

Managing your Fund                22

More information                  23

Application form




                                                 BHP Billiton Superannuation Fund • Pension Division • 1 July 2009 1
Welcome to the Pension Division

Your income options in retirement
If you are at or near retirement, wanting to work part-time only or just planning ahead, you have the opportunity to keep your benefit
with the Fund in a pension product. Investing in the Fund’s Pension Division gives you peace of mind that the same people who looked
after your superannuation money while you were working will keep your money working hard for you in retirement.



 Pension Division – key features

 Minimum initial investment             $25,000

                                        You can open your account with money rolled over or transferred from a superannuation fund
 Establishing an account                (including transfers from other divisions of the Fund).

 Entry / Exit / Transfer fee            Nil.


                                        An administration fee of 1.00% p.a. of your account balance. This fee is deducted on the last
                                        business day of each month. It is capped at $2,000 p.a.
 Management costs                       PLUS
                                        An investment management fee depending on your investment choice. See pages 16 and 17.


                                        Payments are made to your nominated bank account on, or as close as possible to, the 15th of
 Pension payments                       every month. The relevant tax (if any) is deducted from your pension payments.


                                        In the event of your death while you are a member, your account balance will be paid in a lump
 Benefits on death                      sum to your dependants or to your estate. You can make a binding death benefit nomination.
                                        You may elect to have your pension continue to be paid to your spouse.


 Cover for death and
 total and permanent                    Insurance cover is not available to pension members.
 disablement (TPD)

                                        You can choose one or a combination of up to 2 of the 5 investment options: Option A, Option B,
 Investment options                     Option C, Option D, or Option E.

 Investment switching                   Daily. No fees apply.

                                        A licensed Trustee company is responsible for your superannuation, with directors who have
 Fund management                        extensive experience in all aspects of superannuation management. A Policy Committee
                                        represents your interests as a member of the Fund.

 Member services                        The Fund is on call to assist if you have any questions – see page 1 for contact details.

                                        You are kept informed about the progress of your pension and the operation of the Fund
                                        through quarterly account statements, newsletters, the Annual Report and an annual benefit
 Reporting and communication            statement showing your account balance, unit holdings and a summary of transactions during
                                        the year. Information is available by calling SuperConnect on 1800 674 702 or from the website
                                        at www.bhpbillitonsuper.com.

 Commissions                            The Fund does not pay commissions or any other fees to financial advisers.




2 BHP Billiton Superannuation Fund • Pension Division • 1 July 2009
Pension Division – key features

                                                                                   Account Based Transition
                                  Account Based Pension
                                                                                   to Retirement Pension

                                  When you have reached your preservation age
Eligibility to join               and retired
                                                                                   When you have reached your preservation age


Additional contributions – once
                                No – but alternative options may be available      No – but alternative options may be available
established

Rollovers – once established      No – but alternative options may be available    No – but alternative options may be available

                                                                                   Not generally – allowed in limited
Lump sum withdrawals              Yes – $5,000 minimum
                                                                                   circumstances

Commutation / closure of your
                                  Yes                                              Yes, for limited purposes
account

                                  Your income may be chosen each year provided Your income may be chosen each year between
Pension payment amount            you withdraw the minimum amount set by       a minimum and maximum amount
                                  legislation                                  set by legislation

                                  Payments continue until the account balance      Payments continue until the account balance
Term of pension                   runs out                                         runs out

Pension payment frequency         Monthly                                          Monthly

Account considered in
                                  Yes                                              Yes
Age Pension assets test?

Income considered in              Yes – gross income (less tax free amount)        Yes – gross income (less tax free amount)
Age Pension income test?          is considered                                    is considered




                                                                       BHP Billiton Superannuation Fund • Pension Division • 1 July 2009 3
Account Based Pension

What is an Account                                                       If you have questions about the features of the Fund’s Account
                                                                         Based Pension, call SuperConnect.
Based Pension?
The Account Based Pension is a tax effective facility that allows        Who is eligible?
you to convert your “unrestricted non-preserved” lump sum                Legislation provides that you can transfer only “unrestricted
superannuation benefit into a flexible source of income in retirement.   non-preserved” benefits to your Pension account. This means
Your lump sum benefit, and investment returns on it, provide the         that, as a member of the Fund, you can open an Account Based
capital to fund regular payments of income. You can choose the           Pension account as long as you:
amount of your pension payments each year, provided you                     have reached your preservation age (see the table below),
withdraw the minimum amount as specified by legislation. A                  are no longer working and have shown intention to
monthly pension payment will be paid directly to your nominated             permanently retire from the workforce*; or
bank account – similar to the way you receive a wage or salary
when you are working.                                                       have ceased employment at or after age 60*, or

Your pension payments will continue until you decide to withdraw            have been assessed as permanently incapacitated, or
your account balance as a lump sum (i.e. commute your pension)              are age 65 or older.
or until your account balance has been paid to you in full as
monthly pension payments. Unlike a pension for life, an Account          * You need to complete a Retiring Statutory Declaration to evidence this.
Based Pension investment allows you to withdraw all or part of
                                                                         Although you are not legally required to provide your TFN to the
your investment if you need it at any time. If you die, any balance
                                                                         Fund, we will not open a Pension Account unless we hold your
in your Account Based Pension account is paid to your
                                                                         TFN.
dependants or legal personal representative. You may elect
to have your pension continue to be paid to your spouse, refer           Former BHP Billiton employees who have taken all of their money
to page 12 for more information.                                         out of the Fund cannot later purchase an Account Based Pension.
You can start your pension account by ‘rolling over’ your
superannuation benefit into the Fund’s Account Based Pension.                 Date of birth                               Preservation age
Subject to legislative requirements, you may choose to top up your
                                                                              Before July 1960                                       55
benefit, by contributing an additional amount to your existing
account in the Fund, before you commence your pension.                        July 1960 - June 1961                                  56
All you have to do is complete the application form at the back
                                                                              July 1961 - June 1962                                  57
of this PDS, and an account will be opened in your name.
                                                                              July 1962 - June 1963                                  58
What are the benefits?                                                        July 1963 - June 1964                                  59
Some of the benefits of purchasing a BHP Billiton Super Account
Based Pension are:                                                            After June 1964                                        60

   no entry or exit fees
   competitive management fees
   no commissions paid to salespeople or financial advisers
   tax-free investment returns on your account
   flexibility to vary the amount of your pension (provided you
   withdraw the minimum amount each financial year as set
   by superannuation law)
   regular payment made direct to your bank account on the
   15th of every month (if the 15th falls on a weekend or public
   holiday, your payment will be made on the business day prior)
   you can make additional withdrawals from your Account Based
   Pension account to supplement your regular pension payments
   your administration fee of 1.00% p.a. is capped at a maximum
   of $2,000 each year
   you can commute your pension (i.e. stop your pension
   payments and withdraw your account balance as a lump sum)
   at any time, and
   you can choose the way in which your account balance
   is invested.


4 BHP Billiton Superannuation Fund • Pension Division • 1 July 2009
“You can choose the amount of your pension payments each year, provided
 you withdraw the minimum amount set by legislation.”




 How much do I need to invest?                                         The table below sets out the minimum pension amounts for the
                                                                       2009/2010 financial year. From 1 July 2010, the minimum pension
 You must invest a minimum of $25,000 to establish an Account          amounts are expected to return to their previous amounts as
 Based Pension.                                                        indicated in the table.

 How long will my pension last?                                                          Minimum amount              Minimum amount
                                                                        Your age           as a % of your              as a % of your
 An account based pension is not guaranteed to last for the rest of     at 1 July         account balance             account balance
 your life. A number of factors influence the value of your pension                      (to 30 June 2010)           (from 1 July 2010)
 account and how long it will last, including:
    how much of your retirement savings you use to purchase the         under 65                  2%                          4%
    Account Based Pension,
                                                                        65-74                    2.5%                         5%
    your chosen level of pension payments,
                                                                        75-79                     3%                          6%
    the investment returns on your account, and
                                                                        80-84                    3.5%                         7%
    your age.
 You must withdraw a minimum amount each financial year.                85-89                    4.5%                         9%
 This amount is based on your age – refer to the table on the right.
                                                                        90-94                    5.5%                         11%
 Your pension will be paid for as long as there are sufficient funds
 in your account. You will receive regular pension payments until       95 or over                7%                          14%
 your account balance drops to $2,000 or less. The balance will
 then be paid to you as a lump sum and your pension payments           The minimum amount is based on your age and Pension account
 will cease. An Account Based Pension is not guaranteed to last        balance as at 1 July each year or, if you commence your pension
 for your lifetime.                                                    during the year, the date of commencing your pension.
                                                                       In the year you commence your pension, the minimum annual
 What will my pension                                                  pension payment for the first year will be reduced on a pro-rata basis
 payments be?                                                          according to the days remaining in the financial year.
                                                                       If you commence your pension in the month of June, a minimum
 Government legislation requires your pension payments to be           payment is not required and your first pension payment may
 made at least once a year from your account. The legislation also     be made be in the following financial year.
 specifies that your annual pension payments must not be less
                                                                       The Fund will monitor minimum annual pension payments.
 than a minimum amount set by legislation.
                                                                       If required, we will top-up the pension payment made to you in June
 The Fund is required to pay you at least the minimum legislated       each year to ensure you receive the minimum amount for the year.
 pension from your Pension account each year. The annual               This means you don’t need to worry about checking if you have been
 minimum amount you must take from your pension is based on            paid the minimum amount each year.
 your age and expressed as a percentage of your account balance.
 You can choose the amount of your pension payments each year,         When are my pension
 provided you withdraw not less than the minimum amount. The
 following table sets out the minimum amounts.
                                                                       payments made?
                                                                       Your pension payments are paid on, or as close as possible to,
 Calculating your pension                                              the 15th of each month. If you are under age 60, the relevant
                                                                       tax is deducted from your pension payments.
 minimum amount
 You can choose the amount of your pension payments each year,         Can I change the level of my pension
 provided you withdraw not less than the minimum amount
 specified by the Government legislation. In recognition of the
                                                                       payments?
 impact of the markets on account based pensions, the Government       You can change the amount of your regular pension payments, as
 temporarily reduced the minimum payment amount to 50% of the          long as you withdraw the minimum amount specified by legislation.
 legislated minimums for the 2009/2010 financial year.
                                                                       We will send you information in July each year. If you wish to amend
                                                                       your pension payments you must advise the Fund by completing the
                                                                       form provided. If you do not make a choice, your pension payments
                                                                       will continue at the same level as the previous year (subject to any
                                                                       adjustment required by the Government requirements).
                                                                       If you do wish to change your pension amount, you can do so at any
                                                                       time through the website or SuperConnect. Call SuperConnect for
                                                                       more information.


                                                                            BHP Billiton Superannuation Fund • Pension Division • 1 July 2009 5
“You can make additional withdrawals from your Pension
 account to supplement your regular pension payments.”




 Can I make additional contributions                                   If your account balance would be less than $2,000 after a
                                                                       withdrawal, the withdrawal request will be considered a request
 or rollovers into my Account Based                                    to withdraw the entire balance.

 Pension?                                                              Prior to making any lump sum payments the Trustee is required to
                                                                       ensure that you have received the the pro-rata minimum pension
 Once you commence your pension, you cannot make additional            payments for the financial year, as set by legislation. If a further
 contributions to your Pension account.                                payment is required, it will be deposited into your nominated
 Accordingly, if you wish to roll over funds from other                bank account.
 superannuation funds and combine these to start your pension,
 you need to notify us when you apply to open your account.            How does this pension
 If you do so, your pension will not commence until we have
 received all of your designated rollover amounts.                     affect my entitlement to the
 If you later wish to top up your pension with additional funds,       Government Age Pension?
 you will have to commute your existing pension and start a new
                                                                       Entitlement to the Government Age Pension is based on assets
 pension with the increased amount. You can roll over funds from
                                                                       and income tests. If your assets or income are over certain
 other superannuation funds. However, if you wish to contribute
                                                                       levels, you may only be entitled to a part Government Age
 an additional amount to top up your Pension account, you must be:
                                                                       Pension or not at all. The Government Age Pension is based
    between ages 55 and 65 and have permanently retired from           on the lower pension entitlement calculated after the two tests
    the workforce; or                                                  have been applied.
    between ages 65 and 75 and have worked on at least a               In the 2009 Federal Budget, the Government stated that there
    part-time basis during the current financial year.                 will be an incremental increase in the age at which members can
                                                                       access the Age Pension from 65 to 67. This involves age increases
 This is because you can contribute only “unrestricted non-            over a six year period, commencing in 2017.
 preserved” amounts to your Pension account.
 Additional contributions cannot be made in any other circumstances.   Assets Test
 Call SuperConnect for more information.                               Your Pension account balance is treated as an asset for the
                                                                       purposes of the assets test.
 Can I make additional withdrawals?                                    Income Test
 If you wish to withdraw additional money from your Pension
 account, you have two options. You can either request an              Generally, the actual pension paid to you, minus a tax free amount,
 additional pension payment or you can make a lump sum                 is counted towards your income for social security purposes.
 withdrawal. You need to specify on the Additional                     A qualified financial adviser can assist you in understanding the
 Pension Withdrawal form which type of payment you have                income test.
 chosen. If you do not make an election, your payment will be
 treated as an additional pension payment. Please note that if you     If you need further financial guidance, please call SuperConnect
 are under age 60, pension payments are taxed differently to lump      to obtain help in choosing a licensed financial adviser.
 sum payments.
 If you wish to withdraw additional money, the minimum                 How can I access information on
 withdrawal is $5,000.                                                 investment returns?
                                                                       You can access up to date information on the investment returns
                                                                       of each investment option by calling SuperConnect. You will also
                                                                       receive regular communications from the Fund that provide you
                                                                       with information on investment returns. The SuperTalk newsletter
                                                                       provides you with regular updates on the Fund’s recent quarterly
                                                                       returns and longer term performance.




 6 BHP Billiton Superannuation Fund • Pension Division • 1 July 2009
                                                                                                      Account Based Pension




What if I change my mind after                                        There are proof of identity requirements to be met when starting
                                                                      a pension, refer to page 24 for more information. Please ensure
I apply for this pension?                                             to send in the requested documentation with your completed form.
When you first become a Pension Division member of the Fund,          If you wish to roll over funds from another superannuation
you have a ‘cooling off’ period to reconsider your decision. If you   fund or contribute an additional amount prior to commencing
change your mind, the Fund must receive your written request to       your pension please complete the relevant section of the
withdraw your money within 14 days of the earlier of:                 Application Form.
   the date you receive your Welcome Statement, and                   As your monthly payments are made directly to your nominated
                                                                      bank account you will need to attach evidence showing the BSB
   five business days after you become an Account Based               number, account number and account name. Evidence includes
   Pension member.                                                    an original:
The option to withdraw during this period is not available if you       pre-printed bank deposit slip, or
have exercised your rights as an Account Based Pension member.
                                                                        bank statement, or
The amount payable to you may be different to the amount you
invested. Adjustments may be made to reflect changes in the unit        letter from the Bank.
price since your account was opened, any pension payments
made, tax and reasonable administration and investment                Step 2 – Send all forms and any payment to:
management costs.                                                     BHP Billiton Superannuation Fund
                                                                      Locked Bag A5030
If you ask us to make a payment directly to you, lump sum tax
                                                                      Sydney South NSW 1235
may be payable. If you nominate another rollover fund and that
fund does not accept the transfer, we may pay your benefit to the     The Fund will issue you with an acknowledgment of your
eligible rollover fund (ERF) appointed by the Trustee. For more       application and establish the appropriate records.
information about the ERF, please refer to the Fund’s Annual
Report to members.                                                    IMPORTANT NOTE
                                                                      It is important that benefits being transferred into your Pension
To withdraw from the Pension Division, you need to write to
                                                                      account are transferred directly and do not leave the Fund. Once
the BHP Billiton Superannuation Fund, at the address below
                                                                      you have received all of your superannuation benefit in cash or
and include your personal details (full name, address and date
                                                                      paid it into another fund, the BHP Billiton Superannuation Fund
of birth) and instructions as to where to transfer your money.
                                                                      cannot accept the transfer of your benefit back into the Account
BHP Billiton Superannuation Fund                                      Based Pension. This is because the BHP Billiton Superannuation
Locked Bag A5030                                                      Fund is an employer sponsored fund that can only accept
Sydney South NSW 1235                                                 current and former employees of BHP Billiton who have not
                                                                      ceased membership.
How to apply
To open a BHP Billiton Superannuation Fund Account
Based Pension account in your name you should complete
the steps below.

Step 1 – Complete the forms:
   the Fund’s Pension Application Form (at the back of
   this booklet).
   the Fund’s Benefit Payment Application Form (if you wish to
   transfer part or all of your benefit into your account).
   Australian Tax Office Tax File Number declaration (if we don’t
   already hold your TFN).
   Australian Tax Office Withholding Declaration (if you are under
   age 60).
   Retiring Statutory Declaration (if applicable – refer to page 4
   “Who is eligible?”).




                                                                          BHP Billiton Superannuation Fund • Pension Division • 1 July 2009 7
Account Based
Transition to Retirement Pension

What is an Account Based                                                   Who is eligible?
Transition to Retirement Pension?                                          To establish an Account Based TRAP you must have reached your
                                                                           preservation age (see the preservation age table on page 4).
The Account Based Transition to Retirement Pension (TRAP)
is a tax effective facility that allows you to convert your lump           There is no work test for the commencement of an Account Based
sum superannuation benefit into a flexible source of income prior          TRAP, i.e. you do not have to satisfy any conditions in relation to
to retirement.                                                             hours worked per week.

The Account Based TRAP is available to you if you wish to access           Consequently, you may consider commencing an Account Based
your super prior to retirement. If you are under age 65 and have           TRAP when you:
not retired, you can access your super through the Fund’s Account             remain in full-time employment (whether as an employee
Based TRAP. The pension can provide you with a regular income                 or self-employed)
stream from your super while you are still working, provided you
have reached your preservation age (currently age 55), then allow             move from full-time to part-time employment
you to easily transition your super into another retirement product
                                                                              move from self-employed to employee status
(such as an Account Based Pension) when you retire or reach age 65.
                                                                              change workforce responsibilities while remaining in full-time
Your lump sum benefit and investment returns on it provide
                                                                              employment
the capital to fund regular payments of income. You can choose
the amount of your pension payments each year, provided you                   change workforce responsibilities and reduce hours worked
withdraw between the minimum and maximum amounts, as
                                                                              take a sabbatical for a period of time, then return to the
specified by legislation. A monthly pension payment will be
                                                                              workforce, or
paid directly to your nominated bank account.
                                                                              stop working temporarily but intend to work again.
You can open your pension account by ‘rolling over’ part of your
superannuation benefit into the Account Based TRAP. All you have           Although you are not legally required to provide your TFN to the
to do is complete the application form at the back of this PDS and         Fund, we will not open a Pension Account unless we hold your
an account will be opened in your name.                                    TFN.

What are the benefits?                                                     How much do I need to invest?
Some of the benefits of converting your benefit into the Fund’s            You must invest a minimum of $25,0001 to establish an
Account Based TRAP are:                                                    Account Based TRAP.
   no entry or exit fees
   competitive management fees
                                                                           How long will my pension last?
                                                                           An Account Based Transition to Retirement Pension (TRAP) is not
   no commissions paid to salespeople or financial advisers                guaranteed to last for the rest of your life. A number of factors
   tax-free investment returns on your account                             influence the value of your pension account and how long it will
                                                                           last, including:
   access to your super while still employed
                                                                              how much of your retirement savings you use to purchase
   no restrictions around how much of your super you can convert              the Fund’s Account Based TRAP,
   to an Account Based TRAP, provided you meet the minimum
   entry level of $25,0001                                                    your chosen level of pension payments,

   flexibility to vary the amount of your pension (provided you               the investment returns on your account,
   withdraw not less than the minimum amount and not more                     your age.
   than the maximum amount each financial year as set by
   superannuation law)                                                     The minimum amount you must withdraw each financial year is
                                                                           based on your age. The maximum amount you can withdraw from
   regular payments made direct to your bank account on the                your pension account in any financial year will be 10% of your
   15th of every month (if the 15th falls on a weekend or public           account balance at 1 July. Refer to “What will my pension payments
   holiday, your payment will be made on the business day prior)           be?” for more information.
   your administration fee of 1.00% p.a. is capped at a maximum
   of $2,000 each year; and
   you can choose the way in which your account balance
   is invested.
If you have questions about the features of the Fund’s Account
Based TRAP, call SuperConnect.
1. Note that if you are a member of the Defined Benefit Division you can
   only use your AVC and Rollover accounts to open a TRAP.




8 BHP Billiton Superannuation Fund • Pension Division • 1 July 2009
“You can choose the amount of your pension payments each year, as long as you
 remain within the minimum and maximum amounts, set by legislation.”




 What part of my super benefit can I                                  Note that the minimum amount is based on your age and Pension
                                                                      account balance as at 1 July each year or, if you commence your
 convert to an Account Based TRAP?                                    pension during the year, the date of commencing your pension.
 There are no restrictions on the components of your super benefit    In the year you commence your pension, the minimum annual
 that you can convert to an Account Based TRAP. So, if your benefit   pension payment for the first year will be reduced on a pro-rata
 consists of preserved, unrestricted non-preserved or restricted      basis according to the days remaining in the financial year.
 non-preserved components, the rules that normally apply when         If you commence your pension in the month of June, a minimum
 accessing your super do not apply in the case of establishing an     payment is not required and your first pension payment may
 Account Based TRAP.                                                  be made in the following financial year.
 If you are a member of the Defined Benefit Division who is still     The Fund will monitor minimum annual pension payments.
 employed by BHP Billiton and you wish to open a TRAP, you can        If required, we will top-up the pension payment made to you in
 use money from your AVC and Rollover Accounts only.                  June each year to ensure you receive the minimum amount for the
                                                                      year. This means you don’t need to worry about checking if you
 What will my pension                                                 have been paid the minimum amount each year.

 payments be?                                                         Maximum amount
 Government legislation requires your pension payments to be          The maximum amount you can withdraw from your Pension
 made at least once a year from your account. The legislation also    account in any financial year will be 10% of your account balance
 specifies that your annual pension payments must not be less         at the previous 1 July or, if later, the date of commencement
 than a minimum amount and no more than a maximum amount              of your pension.
 in any financial year.
                                                                      The maximum annual pension limit applies until your Pension
                                                                      account balance ceases to be preserved, i.e.
 Minimum amount
                                                                         you reach age 65, even if you are still working,
 The Fund is required to pay you at least the minimum legislated
 pension from your Pension account each year. The annual                 you have reached your preservation age (currently 55) and
 minimum amount you must take from your pension is based on              have provided a ‘Retiring Statutory Declaration’ confirming
 your age and expressed as a percentage of your account balance.         that you have permanently retired, or

 You can choose the amount of your pension payments each year,           you have provided a ‘Retiring Statutory Declaration’ confirming
 provided you withdraw not less than the minimum amount specified        that you have terminated employment at or after age 60.
 by the Government legislation. In recognition of the impact of the   Once you satisfy a condition of release, your pension will
 markets on account based pensions, the Government temporarily        automatically convert to an Account Based Pension and the
 reduced the minimum payment amount to 50% of the legislated          maximum limit will cease to apply.
 minimums for the 2009/2010 financial year.
                                                                      To demonstrate this you can provide a “Retiring Statutory
 The table below sets out the minimum pension amounts for the         Declaration”:
 2009/2010 financial year. From 1 July 2010, the minimum pension
 amounts are expected to return to their previous amounts as             when you permanently retire from the workforce under
 indicated in the table.                                                 age 60; or
                                                                         you terminate your current employment at or after age 60.
                   Minimum amount            Minimum amount
  Your age          as a % of your             as a % of your         The Fund will monitor maximum annual pension payments
  at 1 July       account balance (to         account balance         for members under age 65 who have not provided a Retiring
                     30 June 2010)           (from 1 July 2010)       Statutory Declaration. We may be required by law to reduce
                                                                      or stop paying you regular pension payments, or to restrict
  under 65                 2%                        4%               additional withdrawals if they would cause you to exceed
                                                                      the maximum annual amount during a financial year.
  65-74                   2.5%                       5%

  75-79                    3%                        6%

  80-84                   3.5%                       7%

  85-89                   4.5%                       9%

  90-94                   5.5%                      11%

  95 or over               7%                       14%




                                                                           BHP Billiton Superannuation Fund • Pension Division • 1 July 2009 9
“You can access your super and supplement your income,
 while you are still working, with a transition to retirement pension.”




 When are my pension                                                    Can I make additional contributions
 payments made?                                                         or rollovers into my Account Based
 Your pension payments are paid on, or as close as possible to,         TRAP?
 the 15th of each month. If you are under age 60, the relevant tax
 is deducted from your pension payments.                                Once you commence your pension, you cannot make additional
                                                                        contributions to your Pension account.

 Can I change the level of my pension                                   When you establish your Account Based TRAP, you will
                                                                        retain your account in the Fund, or another fund, to receive
 payments?                                                              ongoing contributions such as Superannuation Guarantee
                                                                        contributions by your employer, salary sacrifice contributions
 You can change the amount of your regular pension payments,
                                                                        or after-tax contributions.
 as long as you remain within minimum and maximum amounts
 specified by legislation.                                              If you wish to roll over funds from other superannuation funds
                                                                        and combine these to start your pension, you need to specify
 We will send you information in July each year. If you wish to amend
                                                                        this on the application form. If you do so, your pension will not
 your pension payments you must advise the Fund by completing the
                                                                        commence until we have received all of your designated rollover
 form provided. If you do not make a choice, your pension payments
                                                                        amounts.
 will continue at the same level as the previous year (subject to any
 adjustment to satisfy Government requirements).                        If you later wish to top up your pension with additional funds,
                                                                        you will have to commute your existing pension and start a new
 If you do wish to change your pension amount, you can do so at
                                                                        pension with the increased amount. You can roll over funds from
 any time. Call SuperConnect for more information.
                                                                        other superannuation funds or transfer a further amount from
                                                                        your accumulation account in other Divisions of the Fund.
 Can I make additional withdrawals or Call SuperConnect for more information.
 commute or stop my Account Based
 TRAP after it has been established?                    What happens to my Account Based
 You cannot generally make lump sum withdrawals from or TRAP when I retire?
 commute your Account Based TRAP prior to retiring. However,
                                                                        When you retire, your Account Based TRAP will become a normal
 when you meet a condition of release under the Government’s
                                                                        Account Based Pension.
 preservation rules (see page 4) we will convert your Account Based
 TRAP to an Account Based Pension. You can then access the              Like any other retiree, you will have the option to continue your
 money in your pension account at any time. The relevant tax will       Account Based Pension, take all or part of your benefit as a lump
 be deducted from any withdrawal if you are under age 60.               sum withdrawal and/or roll over all or part of your benefit to
                                                                        another superannuation fund.
 There are specified circumstances in which lump sum withdrawals
 may be made from your Account Based TRAP:                              You may wish to consult a licensed financial adviser before
                                                                        making a decision.
    to cash out an unrestricted, non-preserved component of your
    benefit, or
    to pay a superannuation surcharge liability, or
                                                                        How does this pension
    to give effect to a payment split under Family Law.
                                                                        affect my entitlement to the
 You can also commute your Account Based TRAP to purchase               Government Age Pension?
 another Account Based TRAP.                                            Entitlement to the Government Age Pension is based on assets
 You are also able to stop your Account Based TRAP. Unless you          and income tests. If your assets or income are over certain
 instruct us otherwise, your Account Based TRAP account balance         levels, you may only be entitled to a part Government Age
 will be added to your existing benefit in the Fund and you will        Pension or not at all. The Government Age Pension is based
 cease to be a member of the Pension Division.                          on the lower pension entitlement calculated after the two tests
                                                                        have been applied.
                                                                        In the 2009 Federal Budget, the Government stated that there
                                                                        will be an incremental increase in the age at which members can
                                                                        access the Age Pension from 65 to 67. This involves age increases
                                                                        over a six year period, commencing in 2017.




 10 BHP Billiton Superannuation Fund • Pension Division • 1 July 2009
                                                                    Account Based Transition to Retirement Pension




Assets Test                                                            How to apply
Your Pension account balance is treated as an asset for the            If you wish to open a BHP Billiton Superannuation Fund Account
purposes of the assets test.                                           Based TRAP account in your name you should complete the
                                                                       steps below.
Income Test
                                                                       Step 1 – Complete the forms:
Generally, the actual pension paid to you, minus a tax free amount,
                                                                         the Fund’s Pension Application Form (at the back of this
is counted towards your income for social security purposes.
                                                                         booklet).
A qualified financial adviser can assist you in understanding the
                                                                         Australian Tax Office Tax File Number declaration (if we do
income test.
                                                                         not already hold your TFN).
If you need further financial guidance, please call SuperConnect
                                                                         Australian Tax Office Withholding Declaration (if applicable).
to obtain help in choosing a licensed financial adviser.
                                                                       There are proof of identity requirements to be met when starting
How can I access information                                           a pension, refer to page 24 for more information. Please ensure
                                                                       to send in the requested documentation with your completed form.
on investment returns?                                                 As your monthly payments are made directly to your nominated
You can access up to date information on the investment returns        bank account you will need to attach evidence showing the BSB
of each investment option by calling SuperConnect. You will also       number, account number and account name. Evidence includes
receive regular communications from the Fund that provide you          an original:
with information on investment returns. The SuperTalk newsletter
                                                                         pre-printed bank deposit slip, or
provides you with regular updates on the Fund’s recent quarterly
returns and longer term performance.                                     bank statement, or
                                                                         letter from the Bank.
What if I change my mind after
                                                                       Step 2 – Send all forms to:
I apply for this pension?
                                                                       BHP Billiton Superannuation Fund
When you first become a Pension Division member, you have              Locked Bag A5030
a ‘cooling off’ period to reconsider your decision. If you change      Sydney South NSW 1235
your mind, the Fund must receive your written request to cancel
your application within 14 days of the earlier of:                     The Fund will issue you with an acknowledgment of your
                                                                       application and establish the appropriate records.
   the date you receive your Welcome Statement; and

   five business days after you become an Account Based
   TRAP member.
The option to cancel your application during this period is not
available if you have exercised your rights as an Account Based
TRAP member. The amount payable to you may be different to
the amount you invested. Adjustments may be made to reflect
changes in the unit price since your account was opened, any
pension payments made, tax and reasonable administration and
investment management costs.
If you nominate another rollover fund and that fund does not
accept the transfer, we may pay your benefit to the eligible
rollover fund (ERF) appointed by the Trustee. For more
information about the ERF, please refer to the Fund’s Annual
Report to members.
To withdraw from the Pension Division, you need to write to
the BHP Billiton Superannuation Fund, at the address below
and include your personal details (full name, address and date
of birth) and instructions as to where to transfer your money.
BHP Billiton Superannuation Fund
Locked Bag A5030
Sydney South NSW 1235




                                                                          BHP Billiton Superannuation Fund • Pension Division • 1 July 2009 11
Death benefit

If you die while you are a member of the Pension Division,             If you do not make a nomination, your benefit will be paid to
your account balance will generally be paid to your dependants or      your dependants or to your Estate, as determined by the Trustee.
your Legal Personal Representative. You may choose to have your        Tax may be payable on your death benefit, refer to page 18
pension continue to your spouse should you die, referred to as         for more information.
a ‘reversionary pension’.
                                                                       If you die while a member of the Fund, your benefit is automatically
You should note that if you have not elected a reversionary            moved from whichever Option(s) it is invested in, to Option A upon
pension or should your spouse predecease you, your remaining           receipt of notification of death by the Fund. This is to ensure that
Pension Account will be paid to your dependants or estate as a         the benefit is not exposed to the risk of a downward movement in
lump sum.                                                              investment markets, while the Trustee decides to whom the benefit
                                                                       is to be paid.
To advise the Trustee who you would prefer to receive your death
benefit in the Fund it is important that you complete a Nomination
of Dependants Form.                                                    Non-binding nomination
You have the choice to make either a non-binding or a binding          With a non-binding nomination, the Trustee makes the final
nomination – refer below for more information about each type          decision on who will receive your death benefit. Superannuation
of nomination.                                                         law seeks to ensure that it is paid to people with whom you have
                                                                       a close personal relationship or who are financially dependent
Under Superannuation Law, the people that you are able to              on you.
nominate to receive your death benefit are:
                                                                       You can advise the Trustee of whom you want to receive your
   your spouse (including a de facto partner of the same or            benefit by completing the relevant sections of the Nomination
   opposite sex who is living with you on a genuine domestic           of Dependants Form.
   basis in a relationship as a couple or with whom you are
   in a relationship that is registered under relevant State           The Trustee will consider your nomination before paying out the
   or Territory law);                                                  money, so it’s important to keep your nomination up-to-date,
                                                                       and to pay attention to who qualifies as a ‘dependant’. It’s a
   your children (including adopted children, step children and        good idea to complete a new beneficiary nomination form
   children born outside of marriage) and any child who is the         whenever your circumstances change, e.g. through marriage,
   child of your spouse;                                               divorce or if you have a child.
   any person who is financially dependent on you;                     With a non-binding nomination, the Trustee will consider your
   any person with whom you have an interdependency                    personal circumstances at the time of death in determining who
   relationship including:                                             receives your benefit.

      any person with whom you have a close personal
      relationship and live with, where one or both of you also
      provides ongoing financial support, domestic support and
      personal care; and
      any person with whom you have a close personal
      relationship, where because of a disability, the above
      requirements of living together, financial support, domestic
      support and personal care are not able to be satisfied.




12 BHP Billiton Superannuation Fund • Pension Division • 1 July 2009
Binding nomination                                                                       If you do not re-confirm or replace your binding nomination it
                                                                                         will expire at the end of the three year period and will be treated
A binding nomination allows you to control, within certain                               in the same way as a non-binding nomination, that is, the
bounds, who receives your death benefit. A valid binding                                 Trustee will make the final decision as to who will receive your
nomination is legally binding, meaning that the Trustee is                               death benefit.
required by law to pay your death benefit to the person(s)
nominated by you.                                                                        If your binding nomination is valid at the date of your death,
                                                                                         the Trustee is required to pay your death benefit in accordance
To make a valid binding nomination, you must complete the                                with your instructions. You should be aware that a binding
relevant sections of the Nomination of Dependants Form. In                               nomination will not necessarily become invalid in the event that
particular, you will need to:                                                            your personal circumstances change. As such it is important you
   nominate individuals who satisfy one of the above                                     review your nomination regularly to ensure it remains up-to-date.
   “dependants” relationship criteria, or alternatively nominate
   your “Legal Personal Representative” or “Estate” if you wish                          Death benefit payments and tax
   your death benefit to be paid to your Estate*;
                                                                                         If you die while a member of the Fund, a lump sum death benefit
   ensure that the percentages allocated to the nominated                                paid to your dependants is tax free. Please be aware however,
   individual(s) add up to 100%;                                                         that a child will only be treated as a dependant for tax purposes if
   sign and date the nomination form in the presence of                                  the child was under 18, was financially dependent on you or was
   two witnesses;                                                                        in an interdependency relationship with you at the date of death.
                                                                                         If the benefit is paid to a non-dependant, tax will be payable on
   have the form signed by two witnesses (who must be over                               the taxable component of the benefit, at a maximum rate of 15%
   18 years of age and not be nominated as dependants); and                              (plus the Medicare Levy of 1.5%).
   have these two witnesses complete the declaration in the form.                        Please note that no form of death or disablement insurance
A binding nomination will remain in place for a period of three                          is provided to Pension members.
years from the date it was signed by you unless it is replaced,
revoked or re-confirmed within this time. You can:
   re-confirm your binding nomination for a further three years
   (prior to the expiry date of the nomination) by submitting a
   written re-confirmation request. The request must be signed
   by you but does not need to be witnessed; or
   replace your binding nomination via the same process used to
   make the original nomination, i.e. complete a new Nomination
   of Dependants Form, including the witnessing process. If the
   Fund receives a new Nomination of Dependants Form, it will
   automatically replace any existing binding nomination held
   by the Fund.
* Note: You should note that the relationship between you and each of the nominated
  dependants will not be investigated at the time of receipt of a binding nomination
  but will be validated at the date of death. In the event that a nominated dependant
  is not an eligible dependant under superannuation law at the date of death (i.e. no
  longer financially dependent, has pre-deceased the member etc), then the WHOLE
  binding nomination will be treated as invalid. An invalid binding nomination will be
  treated in the same way as a non-binding nomination.




                                                                                             BHP Billiton Superannuation Fund • Pension Division • 1 July 2009 13
Investing your money

You can choose your own investment strategy for your Pension
account. These are the same choices offered to all the Fund’s
                                                                       Your investment in units
members with accumulation accounts.                                    Your Pension account is unitised. This means that, at any given
                                                                       time, your account balance is expressed as a particular number
Investment objective                                                   of units at a given unit price.
                                                                       The value of your Pension account is determined by the unit price
The Fund’s long term investment goal is to achieve above
                                                                       of the investment option in which it is invested. Unit prices are
benchmark investment returns to maximise the return credited
                                                                       updated daily and rise and fall depending on investment returns.
to members in each investment option.
                                                                       The value of your account varies according to changes in the unit
The investment strategy set by the Trustee:                            price(s) of your chosen investment option(s). The declared unit
                                                                       prices are net of all investment management fees that you pay.
   takes a long-term approach,
                                                                       You can switch investment options daily and any switch will take
   reduces risk by spreading the assets over a number of               effect three business days after receipt by the Fund.
   investments and investment managers,
                                                                       Unit prices are updated daily and rise and fall depending on
   allows the use of derivatives if their use is consistent with the   investment returns. The value of your Pension account varies
   underlying investment strategy.                                     according to changes in the unit price(s) of your chosen
                                                                       investment option(s). The declared unit prices are net of tax
The Trustee uses an investment manager to manage BHP Billiton
                                                                       on investment earnings and all investment management and
Super’s investments. Investment returns applied to members’
                                                                       administration fees.
accounts will vary from year to year and, like all investments,
may be positive or negative. It is also possible that earnings may
grow at less than the rate of inflation over a given period of time.   Switching
                                                                       You can change your investment option at any time. The Fund offers
Member Investment Choice                                               daily investment switching. The switch will generally take effect three
                                                                       business days after the request has been received by the Fund.
You choose an investment strategy that is right for you with the
Fund’s Member Investment Choice. You can choose to invest in up        To change your investment option you do so by either:
to two of the five different investment options – A, B, C, D or E.        going online at www.bhpbillitonsuper.com,
These options are set out on pages 16 and 17. If you do not make
a choice, your account will automatically be invested in Option C.        calling SuperConnect on 1800 674 702 to speak to a Service
                                                                          Representative who can help you, or
If you choose to invest in different proportions in two options,
your allocation will be applied once only and will not be                 completing a Change of Investment Option Form available
rebalanced to maintain the weighting.                                     on the Fund’s website.

Please note that investment options are not capital guaranteed.        Blending
Consequently, the value of the investment may rise or fall.
                                                                       Investing your account across more than one investment option allows
                                                                       you to create your own particular investment mix with different
                                                                       weightings across the underlying asset sectors. This is called ‘blending’.
                                                                       As an investor, you will be able to exercise greater control over the mix
                                                                       of assets in your investment portfolio.
                                                                       Some of the Fund’s options are diversified across various asset classes
                                                                       and some options are predominantly invested in one asset class.
                                                                       When making investment decisions you should consider whether your
                                                                       overall investment in the Fund is adequately diversified taking into
                                                                       consideration your personal circumstances, including investments you
                                                                       hold outside of BHP Billiton Super.




14 BHP Billiton Superannuation Fund • Pension Division • 1 July 2009
Hedging                                                                         Investment managers
The Fund has exposure to international investments of various types.            The Fund’s investment strategy is set by your Trustee and
The investment returns to Australian investors with international share         managed by Russell Investment Management Limited (Russell).
investments are subject to currency risk. This is because the value,            The investment strategy is built around a long-term planning
in Australian dollars, of a foreign investment can change regardless            time frame and a strategic allocation of assets diversifying across
of the return on that investment in foreign currency terms.                     asset classes including shares, property, fixed interest and cash.
The investment manager manages the currency risk in the Fund’s                  Russell’s investment strategy also diversifies across multiple
international investments by ‘hedging’ some or all of the impact of             investment managers selected on the basis of their specialist
changes in foreign currency exchange rates. It does so by using                 skills, experience and capabilities. These managers are integral
derivatives to remove the impact that changes in currency exchange              to the Fund’s investment strategy.
rates would have on the overall investment performance of the Fund’s            Russell does not take into account labour standards or
international investments.                                                      environmental social or ethical considerations in its decision
If an investment is ‘unhedged’, its investment return is impacted by            to engage underlying investment managers to manage the
movements in the Australian dollar ($A). A rise in the $A has a                 investments of Russell funds. (Russell has consented to the
negative impact on the returns of unhedged international investments            inclusion of this statement.)
(and a fall in the $A has a positive impact on unhedged international           The Trustee does not take into account labour standards or
investment returns). If an investment is fully ‘hedged’, changes in the         environmental, social or ethical considerations when it decides
price of the $A do not impact the value of shares held in the Fund in           how the assets of the Fund are to be invested.
foreign currencies.
International investments expose the investor to currency fluctuations.         Risks to consider
BHP Billiton Super uses hedging to reduce this exposure.
                                                                                Long term investments, such as superannuation, can carry some
Suspension of unit prices                                                       risk that the superannuation and taxation laws may change during
                                                                                the life of your investment which might affect your final benefit,
During periods of extreme movements in the market the Fund may                  or how or when it may be paid.
suspend transaction processing consistent with the Russell* unit
pricing policy that applies to the Fund. Russell has an experienced             Also, as with any investment, there are investment risks to
unit pricing committee that oversees all unit pricing issues, including         consider. The Fund’s investment choices cover a wide variety
implementation of the unit pricing policy. A suspension in the                  of financial markets. Short term fluctuations in the value of
processing of transactions is designed to prevent some members from             investments are common, particularly in the growth-oriented
inappropriately benefiting from ‘market timing’ to the disadvantage             investment choices that hold shares and property.
of other members.                                                               Different types of investments perform differently at different
The Fund monitors movements in the market on a daily basis. If there            times and carry varying forms of risk (which is why a diversified
is a movement of more than a specified percentage, processing of                investment mix may be beneficial). The unit prices will change
transactions may be suspended. The main transaction types that are              from time to time and may fall if the value of the underlying
suspended in these periods are allocation of contributions received to          investments decreases. When assessing risk, we recommend you
members’ accounts, investment switches, cash benefit payments and               pay particular attention to the investment objective, investment
rollovers to other funds. Any contributions that cannot be allocated to         timeframe and asset mix sections given for each investment
members are held in a bank account in the Fund’s name, as required              option on the following pages.
by legislation, and the interest earned on this account is used to
benefit all members.                                                            Can I use my pension as security?
Any suspension generally lasts no more than a few days. Following               The amount in your Pension account cannot be used as security
on from a suspension, the administration team works hard to ensure              for a loan.
that all outstanding transactions are processed as quickly as possible.
The unit pricing committee may decide to continue processing of
transactions, notwithstanding market volatility, if it considers this
is the best approach to take.
* Russell is the firm that manages the day to day administration of the Fund.




                                                                                    BHP Billiton Superannuation Fund • Pension Division • 1 July 2009 15
  Your investment options
  Option A                                                        Asset mix
  Objective                                                       Defensive Assets 100%
                                                                      Cash and short-term
  To target a net rate of return of CPI + 1.0%                        money market investments 100%
  p.a. over one year, with a negligible chance of
  a negative return. There is a 60% probability
  of meeting this objective, and an expectation
  of the return to fall below 0.1% p.a. every
  1 in 20 years.




  Option B                                                        Asset mix*
  Objective                                                       Growth Assets                      40%
                                                                      Australian Shares               19%
  To target a net rate of return of CPI + 2.5%                        International Shares            19%
  p.a. over three to five years, with the chance                      Property                         2%
  of a negative return 1 in every 5.1 years. There
                                                                  Defensive Assets                   60%
  is a 60% probability of meeting this objective,
                                                                      Australian Fixed Interest       20%
  and an expectation of the return to fall below
                                                                      International Fixed Interest    20%
  -4.8% p.a. every 1 in 20 years.
                                                                      Cash                            10%
                                                                      Inflation Linked Bonds          10%



  Option C                                                        Asset mix*
  Objective                                                       Growth Assets                      70%
                                                                      Australian Shares               36%
  To target a net rate of return of CPI + 3.5%                        International Shares            24%
  p.a. over five to seven years, with the chance                      Property                        10%
  of a negative return 1 in every 3.7 years. There
                                                                  Defensive Assets                   30%
  is a 60% probability of meeting this objective,
                                                                      Australian Fixed Interest      8.5%
  and an expectation of the return to fall below
                                                                      International Fixed Interest   8.5%
  -10.0% p.a. every 1 in 20 years.
                                                                      Hedge Funds1                     3%
                                                                      Inflation Linked Bonds          10%



  Option D                                                        Asset mix*
  Objective                                                       Growth Assets                      90%
                                                                      Australian Shares               48%
  To target a net rate of return of CPI + 4.0%                        International Shares            32%
  p.a. over seven to ten years, with the chance                       Property                        10%
  of a negative return 1 in every 3.4 years. There
                                                                  Defensive Assets                   10%
  is a 60% probability of meeting this objective,
                                                                      Australian Fixed Interest      2.5%
  and an expectation of the return to fall below
                                                                      International Fixed Interest   2.5%
  -13.0% p.a. every 1 in 20 years.
                                                                      Hedge Funds1                     3%
                                                                      Inflation Linked Bonds           2%



  Option E                                                        Asset mix*
  Objective                                                       Growth Assets                      100%
                                                                      Australian Shares               46%
  To target a net rate of return of CPI + 4.5%                        International shares            44%
  p.a. over seven to ten years, with the chance                       Property                        10%
  of a negative return 1 in every 3.4 years. There
  is a 60% probability of meeting this objective,
  and an expectation of the return to fall below
  -14.1% p.a. every 1 in 20 years.



* The asset allocations within each option can vary within ranges approved by the Trustee.
1
  This exposure to Hedge Funds may be replaced by cash from time to time.


  16 BHP Billiton Superannuation Fund • Pension Division • 1 July 2009
“You can choose from 5 investment options with
 different risk/return profiles.”


Risk versus return                                            Suitability                                                   So it is important to be aware that
                                                                                                                            investing in Option A for too long
Option A is the most conservative investment                  This Option may be suitable if:                               could reduce your buying power in
choice available because it only invests in                                                                                 years to come.
                                                                  you will need your money soon, say
cash investments and short-term money
                                                                  within two years; or
markets. It’s low risk so you can be relatively
                                                                                                                            Investment management fee
confident that your money will not lose value                     your most important consideration is
in the short term. However, you should not                        avoiding a negative return in any one                     The estimated investment management
expect high returns.                                              year. There may be periods when                           fee is 0.02% p.a.**
                                                                  inflation may be higher than the rate
                                                                  of return in Option A.


Risk versus return                                            Suitability                                                   Investment management fee
Option B invests 40% in growth assets and                     This Option may be suitable if:                               The estimated investment management
60% in defensive assets. It provides a                                                                                      fee is 0.36% p.a.**
                                                                  you will need your super within three
reasonable degree of short-term security
                                                                  to five years; or
with the potential for higher returns than
cash offers.                                                      your most important consideration is
                                                                  having a low chance of a negative
                                                                  return in any one year.




Risk versus return                                            Suitability                                                   Investment management fee
Option C invests 70% in growth assets and                     This Option may be suitable if:                               The estimated investment management
30% in defensive assets. It has more                                                                                        fee is 0.45% p.a.**
                                                                  you need your super within five to
emphasis on growth assets to achieve higher
                                                                  seven years; or
returns with a higher level of risk. However,
some lower risk defensive assets balance out                      you will accept a moderate chance of                       If you do not make a
the short-term risks associated with growth                       a negative return in any one year.                         choice, your account will
assets.                                                                                                                      automatically be invested in
                                                                                                                             Option C.


Risk versus return                                            Suitability                                                   Investment management fee
Option D invests 90% in growth assets and                     This Option may be suitable if:                               The estimated investment management
10% in defensive assets. Option D has a                                                                                     fee is 0.45% p.a.**
                                                                  you have more than seven years until
strong emphasis on shares and property and
                                                                  you need your super; or
therefore carries more investment risk.
                                                                  your most important consideration
So don’t be surprised if the value of your
                                                                  is high returns and you can accept
super goes down in the short term. However,
                                                                  a greater chance of a negative return
there is the potential for a higher investment
                                                                  in any one year.
return over longer periods.



Risk versus return                                            Suitability                                                   Investment management fee
Option E invests 100% in growth assets.                       This Option may be suitable if:                               The estimated investment management
Option E has complete emphasis on growth                                                                                    fee is 0.68% p.a.**
                                                                  you have more than ten years until you
assets comprising Australian and
                                                                  need your super; or
International shares and property and
therefore carries more investment risk.                           your most important consideration is
                                                                  high returns and you can accept a
Although there is the potential for a much
                                                                  greater chance of a negative return in
higher investment return over the long term,
                                                                  any one year.
the returns may fluctuate significantly in the
short term.

 ** Refer to ‘Additional explanation of fees and costs’ on page 20 for more information about investment management fees.



                                                                                                BHP Billiton Superannuation Fund • Pension Division • 1 July 2009 17
Tax and your pension

All complying superannuation funds, like the BHP Billiton
Superannuation Fund, receive concessional tax treatment.
                                                                        Tax on pensions
Superannuation is one of the most tax-effective investments
available to Australians.                                               Tax-free investment earnings
Taxation of superannuation can be complex. You should take              Investment income earned on your Pension account is exempt
the time to review the current taxation regime and consider how         from tax. This means that the investment returns, if positive,
it may apply given your personal circumstances.                         from Pension accounts are slightly higher than for other accounts,
                                                                        as pensioners benefit from not paying tax on their investment
The following covers the taxes that you should be aware of              earnings.
when you withdraw your benefit and when you take a pension.
                                                                        Income tax on pension payments
Tax on withdrawal                                                       If you are age 60 or over, there is no tax payable on your pension
If you wish to withdraw all or part of your Pension account, the        payments.
tax you pay will depend on:                                             If you are under age 60, your pension payments are taxable. Tax is
   your age at the time of withdrawal,                                  deducted from pension payments on a ‘pay as you go’ (PAYG) basis
                                                                        in the same way you would pay tax on your earnings as an
   the circumstance under which your benefit is withdrawn, and          employee.
   the components of your benefit.                                      However, there are still tax advantages that apply to taxable
Special arrangements apply to death benefits, as explained below.       pension payments:
                                                                           the investment earnings are tax-free,
If you are age 60 or over
                                                                           the tax-free component of your Pension account is not taxable
If you are 60 or over, you will receive your benefit tax-free. No tax      when paid to you as pension payments; and
is payable on lump sum or pension benefits paid (from a taxed fund
such as the BHP Billiton Superannuation Fund) to members aged              a 15% tax rebate may apply to the taxable component of your
60 and over.                                                               pension payments.
                                                                        If you have elected for your pension to be paid as a reversionary
If you are under age 60                                                 pension to your spouse, the tax payable on the taxable component
                                                                        of pension payments received by your spouse will depend on your
If you are between age 55 and 60, no benefits tax is payable on
                                                                        age and your spouse’s age at the date of your death.
amounts that are below a lifetime tax-free threshold that is indexed
annually. For the current tax-free threshold call SuperConnect on       If you are over age 60, then pension payments will be tax free,
1800 674 702. The amount of tax payable on any amounts above            regardless of your spouse’s age. If you are under age 60 at the date
the tax-free threshold will depend on the components of the benefit     of your death, then pension payments will be tax free if your spouse
and will be taxed at a maximum rate of 15% (plus Medicare Levy          is aged 60 or over, but will be taxable (at your spouse’s marginal
of 1.5%).                                                               tax rate plus the Medicare Levy, with a 15% tax offset) if your
                                                                        spouse is under age 60.
Death benefit payments
If you die while a member of the Fund, your account balance
                                                                        Tax rebate on pension payments
will generally be paid to your dependants or Legal Personal             A 15% tax rebate applies to most taxable pension payments
Representative as a lump sum.                                           (i.e. if you are under age 60). Call SuperConnect for more
                                                                        information about eligibility for the tax rebate.
A lump sum death benefit paid to your dependants is tax free.
Please be aware however, that a child will only be treated as
a dependant for tax purposes if the child was under 18,
was financially dependent on you or was in an interdependency
relationship with you at the date of death. If the benefit is paid
to a non-dependant, tax will be payable on the taxable component
of the benefit, at a maximum rate of 15% (plus the Medicare
Levy of 1.5%).




18 BHP Billiton Superannuation Fund • Pension Division • 1 July 2009
Fees and charges


   DID YOU KNOW?
   Small differences in both investment performance and fees and costs can have a substantial impact on your long term returns. For example,
   total annual fees and costs of 2% of your fund balance rather than 1% could reduce your final return by up to 20% over a 30 year period
   (for example, reduce it from $100,000 to $80,000).
   You should consider whether features such as superior investment performance or the provision of better member services justify higher fees
   and costs. You may be able to negotiate to pay lower contribution fees and management costs where applicable.* Ask the Fund or your
   financial adviser.

   TO FIND OUT MORE
   If you would like to find out more, or see the impact of the fees based on your own circumstances, the Australian Securities and Investments
   Commission (ASIC) website (www.fido.asic.gov.au) has a superannuation calculator to help you check out different fee options.

* BHP Billiton Super does not pay commissions to financial advisers and accordingly the fees are not negotiable.



Fees and other costs                                                                         Taxes are set out in another part of this document. You should
                                                                                             read all the information about fees and costs because it is
This document shows fees and other costs that you may be charged.                            important to understand their impact on your investment. Fees
These fees and costs may be deducted from your money, from the                               and costs for particular investment options are set out on pages
returns on your investment or from the fund assets as a whole.                               16 and 17.


  Type of Fee or Cost                                                                         Amount               How and when paid
  Fees when your money moves in or out of the fund
  Establishment fee: The fee to open your investment                                          Nil                  Not applicable
  Contribution fee: The fee on each amount contributed                                        Nil                  Not applicable
                    to your investment**
  Withdrawal fee:          The fee on each amount you take                                    Nil                  Not applicable
                           out of your investment
  Termination fee:         The fee to close your investment                                   Nil                  Not applicable

  Management costs
  The fees and costs for managing your investment                                             1.00% p.a. of        The administration fee of 1.00% p.a. is
                                                                                              your account         deducted from your account monthly with
                                                                                              balance              a maximum fee cap of $2,000 p.a.
                                                                                              PLUS
  This is the management cost for Option C (70/30). The amount you                            0.45% p.a.           An estimated percentage fee of 0.45% p.a.
  pay for specific investment options is shown at pages 16                                    of your              is deducted from the investment returns
  and 17.                                                                                     account              of Option C, before the daily unit price is
                                                                                              balance              declared, and does not show as a deduction
                                                                                                                   from your account. This amount will vary based
                                                                                                                   on the investment option you are invested in.

  Service fees *
  Investment switching fee: The fee for changing
                                                                                              Nil                  Not applicable
  investment options

* Refer to ‘Additional Explanation of Fees and Costs’ section for details of other service fees.
** Additional contributions cannot be made to an existing Pension account.




                                                                                                    BHP Billiton Superannuation Fund • Pension Division • 1 July 2009 19
Additional Explanation                                                 Performance fees
of Fees and Costs                                                      The assets of each of the Fund’s investment options are invested by
                                                                       Russell Investment Management Limited in underlying Russell funds.
                                                                       The assets of these underlying funds are managed by investment
Change in fees                                                         managers appointed by Russell Investment Management Limited.
The Trustee has the right to amend the level of fees charged in
                                                                       Performance fees provide an incentive for the underlying managers/
the future, without your consent. Any material increase in the fees
                                                                       funds to achieve superior performance. Performance fees may be
you are charged will be communicated to you at least 30 days
                                                                       charged by the underlying managers/funds to which the Fund’s
before it is applicable.
                                                                       investment options are exposed.

Family Law fees                                                        Where an option is exposed to an underlying manager/fund that
                                                                       charges a performance fee, that performance fee has been estimated
The Family Law Act allows the Fund to charge fees for certain          with reference to the performance of the underlying manager/fund
activities. These fees are current as at the time of printing this     over the 12 months to 31 March 2009, and included in that option’s
booklet. Up-to-date information on fees is available by calling        investment management fee.
SuperConnect.
                                                                       Please note, however, that past performance is not a reliable
The Fund charges $250 for a request for information by a non-          indicator of future performance and it is impossible to accurately
member spouse. A cheque made payable to ‘BHP Billiton                  forecast the performance fees that will be payable.
Superannuation Fund’ for this amount must be received by the
Fund before the information is provided to the non-member spouse.      The Trustee generally reviews the estimated performance fees every
                                                                       12 months. As a general rule, a performance fee will not be payable
Investment management fee                                              unless the underlying manager/fund has achieved a return in excess
                                                                       of the relevant hurdle rate, and unless any past under-performance
The investment management fee stated for each investment option        has been recovered.
is an estimate of the fee applicable to that option. Each option’s
investment management fee is influenced by changes to the              Please note that for options that have exposure to performance fees,
investment managers and/or the asset classes within the funds in       a performance fee may be payable to an underlying manager/fund
which the option’s assets are invested and rebate levels applying to   that has satisfied its individual performance fee criteria even at times
the Fund. For this reason, the investment management fee cannot        when the option as a whole has under-performed its benchmark.
be stated as an exact percentage. The estimated fee of each option
is the average of the investment management fees of each asset         Fee Cap
class, weighted in proportion to the benchmark allocations of the      Management costs include an administration fee of 1.00% p.a.
asset classes in which the option invests. The estimated fees shown    that is deducted from your Pension account each month. This fee
are net of the assumed manager rebates applicable to the Fund.         is capped at $2,000 p.a.
Daily unit prices are net of the investment management fee
applied to each investment option. See pages 16-17 for details
on the different investment fees for each option.




20 BHP Billiton Superannuation Fund • Pension Division • 1 July 2009
                                                                                                                                      Fees and charges




Example of annual fees and costs for a balanced investment option
This table gives an example of how the fees and costs in Option C (a balanced investment option) can affect your superannuation
investment over a 1 year period. You should use this table to compare this product with other superannuation products.


 EXAMPLE –                                                         Balance of $50,000 with total contributions
 Option C                                                          of $5,000 during year
 Contribution Fees                                Nil              For every $5,000 you put in, you will be charged $01

 PLUS

 Management Costs                          0.45% p.a. +            And, for every $50,000 you have in the Fund you will be charged $725 each year
                                        1.00% p.a. of your         in management costs.2
                                         account balance
 EQUALS
 Cost of fund                                                      If you put in $5,000 during a year and your balance was $50,000, then for that
                                                                   year you will be charged fees of $725.3

                                                                   What it costs you will depend on the investment option you choose.

Establishment fee - Nil
And, if you leave the fund, you may also be charged a withdrawal fee of $0.

1 Additional contributions cannot be made to an existing Pension account. Contact SuperConnect for more information.

2 The maximum administration fee is $2,000 p.a. The estimated investment management fee (0.45% in this example) is not deducted from your Pension account.
  The unit prices used to value each $50,000 you have in your Pension account have already been adjusted to allow for this fee.

3 Additional fees may apply.




                                                                                            BHP Billiton Superannuation Fund • Pension Division • 1 July 2009 21
Managing your Fund




The Trustee                                                            If you have any concerns or suggestions about the Fund or
                                                                       member services, you should feel free to approach a
Total Risk Management Pty Limited (TRM), ABN 62 008 644 353,           representative of the Policy Committee. The Fund’s website lists
is the Trustee of the Fund and is responsible for its overall          all Committee members and their contact details.
operation. The Trustee has directors who have extensive
experience in all facets of superannuation management.
                                                                       Fund reserves
In fulfilling its obligations, the Trustee has appointed Russell
                                                                       The Fund maintains an insurance reserve. The purpose of this
Investment Management Limited to provide advice on the
                                                                       reserve is to pay any uninsured benefits to members arising from
investment strategy of the Fund and Russell Employee Benefits
                                                                       when the Fund was self-insured prior to 1 July 2002. The level of
Pty Ltd to manage the day to day administration of the Fund.
                                                                       the reserve is monitored by the Fund’s actuary.
The Fund’s assets are controlled by TRM, which is a subsidiary
company of Russell Employee Benefits Pty Ltd (Russell). The assets
of BHP Billiton Superannuation Fund are held separately from the
assets of BHP Billiton and Russell.

Policy Committee
The Fund also has a Policy Committee with eight members.
Four members are Company representatives and four are member
representatives.
The Policy Committee provides an avenue:
   for members of the Fund to enquire about the investment
   strategy and performance of the Fund;
   for the trustee of the Fund to obtain the views of members
   of the Fund concerning that strategy and performance;
   for members of the Fund to enquire about the Fund’s operation
   or performance;
   for the trustee of the Fund to obtain the views of members
   of the Fund concerning the Fund’s operation or performance;
   and
   for the trustee of the Fund to obtain the views of members
   of the Fund on their information needs.




22 BHP Billiton Superannuation Fund • Pension Division • 1 July 2009
More information

Enquiries and Complaints                                               Your privacy
You can call SuperConnect with any enquiry about the Fund and          Russell provides a range of services to the Fund. In providing those
also access your account information through the website.              services, Russell may collect personal information directly from you
SuperConnect can also provide copies of:                               or from your employer. In relation to that information please note
                                                                       as follows:
   the Rules of the Fund,
   reports issued by the Fund’s actuary,                               Contact details
   details of the audited accounts and the auditor’s report, and       If you need to contact the Trustee or Russell, address your enquiry
                                                                       to SuperConnect or to:
   Product Disclosure Statements (also available on the
   Fund’s website).                                                       The Privacy Officer
                                                                          Russell Investment Group
If you have any questions that are not answered in this booklet,          Level 17, 19-29 Martin Place
please call SuperConnect. If your enquiry is not resolved to your         Sydney NSW 2000
satisfaction and you wish to lodge a complaint, please contact us:
    By mail: Enquiries and Complaints Officer                          Access
             BHP Billiton Superannuation Fund
                                                                       Subject to certain conditions, you can gain access to your personal
             Locked Bag A5030
                                                                       information that Russell has collected.
             Sydney South NSW 1235
    By email: bhpbsr@russellsuper.com                                  Purposes of collection
    By phone: 1800 674 702                                             The information is collected for the primary purpose of assisting
Depending on the nature of your complaint, we may ask you              with the provision of services to you as a member of the Fund.
to provide further information in writing, so that we can fully        This may include a range of related secondary purposes, including
understand the complaint. We will provide assistance to you if         the provision of general education about superannuation and
necessary. We will provide prompt written acknowledgment of            retirement issues and information about other benefits available
receipt of your complaint. Our goal is to handle your complaint        to you as a current or former member of the Fund.
efficiently and fairly and we will provide the Trustee’s decision
as quickly as possible.                                                Disclosure
You can obtain advice in relation to the complaints handling process   Your information may be disclosed by Russell to a number of
or feedback on the status of your complaint by calling us. If our      other parties, including advisers, insurers, regulators and courts.
enquiry and complaints procedure does not resolve the issue within     Limited information may be provided to your employer. In some
90 days, you may be able to take the matter to the Superannuation      situations, the law may require the provision of information to
Complaints Tribunal.                                                   your spouse or former spouse.

The Superannuation Complaints Tribunal is an independent body          The law
established by the Federal Government to assist members and
their beneficiaries with certain types of complaints.                  Federal legislation covering superannuation and taxation matters
                                                                       requires certain minimum information to be collected to provide
The Tribunal can be contacted at:                                      services to you as a member of the Fund.
    By phone: 1300 780 808
                                                                       Consequences of non-provision
    By email: info@sct.gov.au
                                                                       If you choose not to provide information, the consequences are
    By mail: Superannuation Complaints Tribunal                        typically changes or reductions to benefit entitlements or tax
             Locked Bag 3060                                           concessions. It may also mean that the Fund is unable to process
             GPO Melbourne VIC 3001                                    your instructions.

                                                                       More information is detailed in the Trustee’s Privacy Policy which
                                                                       can be obtained by contacting SuperConnect or the Privacy Officer.
                                                                       Alternatively, you can access a copy via the Fund’s website.




                                                                           BHP Billiton Superannuation Fund • Pension Division • 1 July 2009 23
    More information




Providing proof of identity                                                                   Have you changed your name or are you signing on
                                                                                              behalf of another person?
Under the Anti-Money Laundering and Counter-Terrorism Financing
Act 2006, superannuation funds are required to identify, monitor                              If you have changed your name or are signing on behalf of the
and mitigate the risk that the Fund may be used for the laundering                            applicant, you will need to provide a certified linking document.
of money or the financing of terrorism.                                                       A linking document is a document that proves a relationship
                                                                                              exists between two (or more) names.
As a result, you need to provide identification documentation
as detailed below to prove you are the person to whom the                                     The following table contains information about suitable
superannuation entitlements belong. Processing of your application                            linking documents.
form cannot proceed until we have received and verified the
necessary identification documents. We may also be required to                                 Purpose                   Suitable linking documents
request additional identification or related information from you at
other times.                                                                                   Change of name            Marriage certificate, deed poll or change
                                                                                                                         of name certificate from the Births, Deaths
Please note identification documentation will be required at the                                                         and Marriages Registration Office.
time of each request.
                                                                                               Signed on behalf          Guardianship papers or Power of Attorney.
Acceptable documents                                                                           of the applicant

Original or certified copies of the following documents may
be used.                                                                                      Certification of personal documents
                                                                                              All copied pages of ORIGINAL proof of identification documents
                                         Either                                               (including any linking documents) need to be certified as true copies
    One of the following documents only:                                                      by any individual approved to do so (see below).
         alid driver’s licence issued under State or Territory law
        v                                                                                     The person who is authorised to certify documents must sight the
        v
         alid passport#                                                                      original and the copy and make sure both documents are identical,
                                                                                              then make sure all pages have been certified as true copies by
                                            Or                                                writing or stamping ‘certified true copy’ followed by their signature,
                                                                                              printed name, qualification (e.g. Justice of the Peace, Australia Post
    One of the following                     A     One of the following                       employee, etc) and date.
    documents:                               N     documents:                                 The following can certify copies of the originals as true and correct
        birth certificate or                 D         letter from Centrelink                 copies:
        extract#                                       regarding a Government
                                                       assistance payment*                       a permanent employee of Australia Post with five or more
        citizenship certificate                                                                  years of continuous service
        issued by the                                  notice issued by the
        Commonwealth                                   Australian Taxation                       a finance company officer with five or more years of
                                                       Office* that contains                     continuous service (with one or more finance companies)
        pension card issued by
                                                       your name and                             an officer with, or authorised representative of, a holder
        Centrelink that entitles
                                                       residential address and                   of an Australian Financial Services Licence (AFSL), having five
        the person to financial
                                                       records a tax debt                        or more years continuous service with one or more licensees
        benefits.
                                                       payable to or by you
                                                                                                 a notary public officer
                                                       notice issued by a local
                                                       government body** that                    a police officer
                                                       contains your name and                    a registrar or deputy registrar of a court
                                                       residential address and
                                                       records the provision                     a Justice of the Peace
                                                       of services to you                        a person enrolled on the roll of a State or Territory Supreme
                                                                                                 Court or the High Court of Australia, as a legal practitioner
#
    If your passport or birth certificate/extract is not in English, it must be accompanied
    by an English translation prepared by an accredited translator.                              an Australian consular officer or an Australian
* No older than 12 months.
                                                                                                 diplomatic officer
** No older than 3 months.                                                                       a judge of a court
                                                                                                 a magistrate, or
                                                                                                 a Chief Executive Officer of a Commonwealth court.
                                                                                              Please note: we may be required to ask for further identification from you in order
                                                                                              to meet relevant regulatory requirements.




24 BHP Billiton Superannuation Fund • Pension Division • 1 July 2009
        BHP Billiton Superannuation Fund
        Your Pension Division
        Application Form
   Complete this form if you wish to open an Account Based Pension, or an Account Based TRAP.
   Please print in block letters and complete the relevant pages of this form as instructed below. Note that there are new requirements for
   proof of identity when starting a pension. Please ensure to send in the requested documentation with your completed form. Refer to the
   notes on page 24 for more information.

   Part A – Your details and choices
   Please complete this part regardless of the type of pension you’d like to open.

   Your details
   Member number

   Member date of birth
                                         Day              Month          Year

   Surname                               _________________________________________________________________________________________________
   First name(s)                         _________________________________________________________________________________________________
   Address                               _________________________________________________________________________________________________
                                         _________________________________________________________________________                                    Postcode ____________

   Phone no.

   Email                                 _________________________________________________________________________________________________

           I would like to receive information regarding superannuation and my benefits through electronic (i.e. online or email)
           communications from the Fund. I have provided my preferred email address above.

   Have you attached a completed Australian Taxation Office (ATO) ‘Tax File Number Declaration’ form?                                              No           Yes
   Please note that you are not required by law to provide your TFN. However, if we do not hold your TFN, we will not open your Pension Account.


   Your initial investment (a minimum of $25,000 is required)
   I wish to invest the following amount in my account in the Pension Division (please tick the relevant box and complete as appropriate):

               My total account balance in the Defined Contribution Division, Retained Benefits Division or Spouse Account Division.1
   OR

               $                from my account balance in the Defined Benefit Division,2 Defined Contribution Division, Retained Benefits
               Division or Spouse Account Division.
   AND/OR

               $                      rolled over (transferred) from                                                   (insert name of superannuation fund 3 ).


   Notes
   1 Note that if you are opening an Account Based TRAP, this will be your total account balance as at the date we process your application. If you have terminated employment
     with BHP Billiton your benefit will have been automatically transferred from the Defined Benefit Division or Defined Contribution Division to the Retained Benefits Division
     when we were advised of your termination of employment.

   2 If you are a member of the Defined Benefit Division who is still employed by BHP Billiton and you wish to open a TRAP, you can use money from your AVC and Rollover Accounts only.

   3 To roll over a benefit from another superannuation fund, you’ll need to complete a Rollover Form and return it to us. We will send it to your fund on your behalf. Alternatively,
     you may choose to contact your other fund to organise the rollover. To obtain a Form, visit www.bhpbillitonsuper.com or call 1800 674 702. If you wish to open an Account
     Based Pension, your rollover benefit must be unrestricted non-preserved amounts only.




Issued by the Trustee, Total Risk Management Pty Limited (ABN 62 008 644 353, AFSL 238790) for BHP Billiton Superannuation Fund ABN 30 187 082 512. 1 July 2009

1 BHP Billiton Superannuation Fund Pension Division Application Form
    Your Member Application Form

  Your initial investment choice
  On establishing my account in the Pension Division, I understand that:
      I can choose to invest my account balance in one or a combination of the Fund’s investment options,
      If I do not make a choice, my account balance will be invested in Option C, and
      I may switch investment options daily.
  Please tick the relevant box and complete the allocations (where applicable) to nominate the investment option(s)
  you’d like to choose.

          I would like my account in the Pension Division to be invested as follows (please specify percentage to be invested in each option –
          note that you may select a maximum of 2 options). I understand that If I do not make a choice, my account balance will be
          invested in Option C.


                              %
                                                Option A
                                                Option B
                                                Option C
                                                Option D
                                                Option E

                           = 100%

  Your income payment details
  I would like to have my income payments made directly to my nominated bank account as follows:
  Name of financial institution __________________________________________________________________________________________
  Address                              __________________________________________________________________________________________
                                       _________________________________________________________________________ Postcode _________
  Account Name                         __________________________________________________________________________________________


  BSB number                                            -

  Account number

  Account type                                 Cheque                  Savings       Other (please state)

  Note: Payments can only be made to your account or a joint account to which you are a party. Please provide an original deposit slip or
  bank statement as proof of your bank account details. Payments to your account cannot commence until this proof is received.

  Your wish in the event of death
  If I should die, I would like my remaining Pension Account to be paid (please mark one):

          as a lump sum to my nominated dependants or my legal personal representative.
          as a reversionary pension to my spouse, details as follows:

         Spouse’s name

         Spouse’s date of birth
                                      Day           Month        Year
  Regardless of your choice above, it is important that you complete a Nomination of Dependants Form that identifies your beneficiaries in
  the event of your death. You have the choice to make either a non-binding or binding nomination. The Nomination of Dependants Form
  is available on the Fund’s website or by calling SuperConnect.




Issued by the Trustee, Total Risk Management Pty Limited (ABN 62 008 644 353, AFSL 238790) for BHP Billiton Superannuation Fund ABN 30 187 082 512. 1 July 2009

2 BHP Billiton Superannuation Fund Pension Division Application Form
    Your Member Application Form

  Part B – What type of pension account do you wish to open?
  I wish to open (please tick the relevant box):

          an Account Based Pension                                        an Account Based TRAP

  If you are applying to open an Account Based Pension, please complete Parts B1 and C on pages 3 and 4.
  If you are applying to open an Account Based TRAP, please complete Parts B2 and C on pages 3 and 4.

  Part B1 – Account Based Pension
  Eligibility
  I declare that I am eligible to receive an Account Based Pension from the Fund’s Pension Division, as:

               I am aged 60 or older and ceased employment after age 60*, or
               I have reached my preservation age and have permanently retired from the workforce*, or
               I have ceased employment and successfully claimed a Total and Permanent Disablement benefit from the Fund, or
               I am age 65 or older.
  * You must provide a Retiring Statutory Declaration with this Form.


  Pension payments
  I understand that:
      pension payments are paid monthly on, or as close as possible to, the 15th of each month
      if I nominate an annual amount it will be paid in 12 monthly instalments, and
      the nominated amounts are gross (before tax) and the Trustee will deduct PAYG tax (as applicable from time to time) from my
      monthly income payment if I am under age 60.
  I wish to receive the following income payments (please tick one box):

               Minimum amount
               Specific amount over the minimum amount specified by legislation.

               $                    per month or               $           per annum


  Part B2 – Account Based TRAP
  Eligibility
  I declare that I am eligible to receive an Account Based TRAP from the Fund’s Pension Division, as I have reached my preservation age.

  Pension payments
  I understand that:
      pension payments are paid monthly on, or as close as possible to, the 15th of each month
      if I nominate an annual amount it will be paid in 12 monthly instalments, and
      the nominated amounts are gross (before tax) and the Trustee will deduct PAYG tax (as applicable from time to time) from my monthly
      income payment if I am under age 60.

  I wish to receive the following income payments (please tick one box):

               Minimum amount
               Maximum amount
               Specific amount between the minimum and maximum amounts specified by legislation.

               $                    per month or               $           per annum




Issued by the Trustee, Total Risk Management Pty Limited (ABN 62 008 644 353, AFSL 238790) for BHP Billiton Superannuation Fund ABN 30 187 082 512. 1 July 2009

3 BHP Billiton Superannuation Fund Pension Division Application Form
    Your Member Application Form

  Part C – Declaration
  I declare that the details I have provided in this application are true and correct. I have read and understood the Product Disclosure
  Statement for Pension Division members issued by the Trustee and understand the information contained therein. I agree to accept and
  be bound by the Fund’s governing rules as applicable from time to time relating to the Pension Division.
  I consent to the Trustee deducting PAYG tax (applicable from time to time) from my monthly pension payments if I am under age 60.

  I acknowledge that:
      payments will be made monthly in arrears
      the value of my account will change depending on unit prices
      the administration fee will be deducted from my account monthly, and
      where permitted, if a withdrawal is made, the amount paid to me will be based on the price of units on the date of payment and any
      tax payable will be deducted.
  I authorise the Trustee to vary the amount of my pension payments in the event that they exceed the maximum permitted* or fall below
  the minimum permitted so that my payments comply with legislative requirements.
  * Applicable to TRAPs only.




  Member signature                   ____________________________________________________________________________

  Date
                                    Day            Month         Year


   Please return completed form to:
                                               BHP Billiton Superannuation Fund
                                               Locked Bag A5030
                                               Sydney South NSW 1235




Issued by the Trustee, Total Risk Management Pty Limited (ABN 62 008 644 353, AFSL 238790) for BHP Billiton Superannuation Fund ABN 30 187 082 512. 1 July 2009

4 BHP Billiton Superannuation Fund Pension Division Application Form
BHP Billiton Superannuation Fund
   www.bhpbillitonsuper.com


   BHP Billiton Superannuation Fund
   Phone: SuperConnect 1800 674 702 (within Australia) or +61 2 9374 3902 (from overseas)
   Email: bhpbsr@russellsuper.com
   Website: www.bhpbillitonsuper.com
   Issued by Total Risk Management Pty Limited (ABN 62 008 644 353, AFSL 238790)
   as Trustee for BHP Billiton Superannuation Fund ABN 30 187 082 512.




BIL_PDS_Pension_v2F_0907