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					member booklet
Product Disclosure Statement
Part 1 of 2




  Effective: 1 June 2009




                               print
                                media
                           entertainment
                                  arts
This Product Disclosure Statement (PDS)       General information warning
effective June 2009 was prepared by
Media Super Limited ABN 30 059 502 948,
                                              The information in this PDS is general
                                              information only. It does not take into      Contact us
AFSL 230254 (Trustee), the trustee of         account your individual objectives,
Media Super. The PDS is made up of two        financial situation or particular needs.
                                                                                           General enquiries
parts. You should read all parts of the       Before making a decision to invest in        mail:
PDS before you make a decision to             Media Super, you should read the Media       media Super limited
become a member of Media Super.               Super PDS in its entirety to assess          locked bag 1229,
                                              whether or not Media Super is                Wollongong NSW 2500
Part 1 of the Product Disclosure
Statement contains important                  appropriate to your individual               Phone:
information about Media Super, including      circumstances. We recommend that you         1800 640 886
the features, costs, benefits and risks of    also consider obtaining financial advice
                                                                                           Fax:
Media Super.                                  from a licensed financial adviser.
                                                                                           1800 246 707
                                              Investment returns are not guaranteed,
Part 2 of the Product Disclosure
                                              as all investments carry some risk. Past
                                                                                           email:
Statement contains important                                                               administration@mediasuper.com.au
                                              performance gives no indication of
information about the insurance
                                              future returns.                              Website:
arrangements offered to members of                                                         www.mediasuper.com.au
Media Super.                                  Financial product advice can only be
                                              provided by a financial services licensee
The PDS will help you decide whether or       or an authorised representative of a
not Media Super will meet your needs          financial services licensee. Unless your
and, if you have a choice, to compare         employer holds a financial services
Media Super with other superannuation         licence, they are unable to provide you
funds.                                        with any financial product advice or
                                              recommend any superannuation
An electronic copy of parts 1 and 2 of the
                                              product to you.
Media Super PDS is available from
www.mediasuper.com.au or by phoning           All persons featured in this PDS have
1800 640 886. If you make the Media           given their consent. This consent has not
Super PDS available to another person,        been withdrawn at the time of publication.
you must give them the entire electronic      Note: All references to spouse and defacto
file or printout, including both Part 1 and   relationships include same-sex couples.
Part 2 and the application forms.
                                              Further information
Please note: Some of the information
                                              Upon request to the Trustee, you are
contained in the Media Super PDS may
                                              entitled to receive further information
change from time to time. If there is a
                                              about Media Super. The Trustee will
materially adverse change, the Trustee
                                              provide all information it reasonably
will issue a new PDS or a Supplementary
                                              believes a member would reasonably
PDS. Where a change to the information in
                                              need to make an informed assessment of
the PDS is not materially adverse, the
                                              the management and financial situation
Trustee will provide a written update on
                                              of Media Super. If you require further
the website. You may request a printout of
                                              information, contact us. The provision of
the update from the Trustee, who will
                                              further information may be subject to
provide it to you free of charge. The
                                              charge.
current version of the Media Super PDS is
available at www.mediasuper.com.au or         Visit www.mediasuper.com.au for
by phoning 1800 640 886.                      further information.




   Excellence
   gets results
    Out of 200 super funds that SuperRatings surveys, only 15%
    are awarded a Platinum rating – the highest rating a super
    fund can achieve. We’re one of them.
                                                                        3




Contents
                          4
                                  Welcome to Media Super           4
                                  Extra membership benefits        49




                          6
                                  Your Super                       6
                                  Making contributions              8
                                  Tax on super                     12
                                  Accessing your super             15




                     16
                                  Pensions                         16
                                  Pension payments                 18
                                  Taxation on pensions             20




                     22
                                  Investments                      22
                                  Unitised investments explained   24
                                  Investment basics                25
                                  Your investor profile            26
                                  Your investment options          27
                                  Super investments and risk       34




                     36
                                  General information              36
                                  Fees and other costs             38
                                  Other important information      42
                                  How to complete the forms        46




    Look for
    Super Hero
    in this handbook
    for helpful tips
    and information
    Visit www.mediasuper.com.au
4




    Welcome to
    Media Super
    The industry super fund for print,
    media, entertainment and
    arts professionals.
                                                                                                                           5




                                               Media Super was created on 1 July 2008
Strong                                         as a result of the merger of Print Super
                                               and JUST SUPER.
Performer                                      Both Print Super and JUST SUPER were
Assets:                                        established in 1987 and have long histories
more thAN $2.5 billioN                         of low fees and strong performance.
Members:                                       We are run only to benefit+ you – the member.
more thAN 115,000                              This means that Media Super rewards
                                               members with our low fees and strong
                                               long-term investment performance.

                                               As a member of Media Super,
                                               you benefit from:
                                                  low fees
                                                  Strong long-term investment performance
                                                  Super you can take from job to job
                                                  market-leading pension products for retirement
                                                  Personalised service from people who understand
                                                  your industry
                                                  Flexible contribution arrangements
                                                  Choice of 10 investment options
                                                  regular communication
                                                  insurance benefits (if you are eligible).




An Industry Super Fund
that looks after you
Media Super is governed by a Trustee        Live Performance Australia or the     Super’s operation) and to act in the
Board of Directors. As an industry          Screen Producers Association of       best interests of all members and
super fund, the Board is made up of         Australia – one director;             beneficiaries.
an equal number of employer and             the Printing Division of the AMWU     The Directors of Media Super (or
employee representatives and two            – three directors;                    the organisation they represent) are
independent directors.                                                            compensated for the time they spend
                                            Media, Entertainment and Arts
The current Media Super Board of            Alliance – two directors.             on the management of Media Super.
directors includes representatives                                                From time to time, the Trust Deed may
                                          The role of the directors is to make
from:                                                                             need to be amended. If so, all members
                                          sure that Media Super is run
  Printing Industries Association         according to its Trust Deed and Rules   will be advised. A copy of the Trust
  of Australia – three directors;         (the document that controls Media       Deed is available on request.
  Fairfax Media Limited – one director;



About Industry Super Funds
Not all super funds are the same. Industry Super Funds are run only to benefit members. This means that the Fund
rewards members with low fees instead of paying financial planners and sales people commissions on your super.
Over a 40-year working life, even small differences in fees can have a huge financial impact.
    ‘We’re all in the same
6


    boat. It’s good to know
    we’re all together.’
    mathew barker, Web offset printer
                                                                                                              Your super 7




Your super
Choosing Media Super means you are growing your retirement
savings with a fund that understands the way you work.



We offer two types of super accounts:



 1
        EmPloyEr-SPonSorED account
        If your employer is a participating Media Super employer, you are considered an ‘Employer-sponsored
        member’ and should open this type of account.

        to join:
        1. Complete the membership application form at the back of this PDS and either:
           A. send it to Media Super, or
           B. give it to your employer (who will send it to us with your next contribution).
        2. Complete the Standard choice form (if applicable) at the back of this PDS and return it to your employer.




 2
        PErSonal account
        Anyone who is eligible to join a super fund can open this type of account. It is especially designed for
        self-employed, freelance and contract workers, as well as for people requiring spouse accounts or
        selecting Media Super under super choice where their employer is not a participating employer.
        If you open this type of account, you are considered a ‘personal account member’.
        For more information about super choice, see www.mediasuper.com.au/superchoice.

        to join:
        1. Complete the membership application form at the back of this PDS and send it to Media Super
           along with your first contribution.




                                                              Important note
                                                              media Super offers eligible members with super accounts
                                                              insurance cover for Death and total and Permanent
                                                              Disablement and income Protection. the type of insurance
                                                              we offer depends on your situation.
                                                              Part 2 of the PDS outlines the applicable insurance
                                                              arrangement. if you have not received Part 2 outlining
                                                              your insurance arrangements, please phone 1800 640 886.
8 Your super




     Making
     contributions
     Generally, contributions fall into three categories: concessional contributions,
     non-concessional contributions and other contributions.


     From 1 July 2009, non-wage remuneration will be included           Remember to clarify the terms of your salary sacrifice
     in income tests used to determine eligibility for a range of       agreement with your employer to:
     government financial assistance programs. Certain salary              ensure that your 9% employer SG contributions are
     sacrifice superannuation contributions will be included as            based on your pre-salary sacrifice salary;
     income for income testing purposes, as well as the self-
                                                                           check that entitlements such as long-service leave
     employed 10% income test and the spouse contribution
                                                                           or loadings are not adversely affected.
     rebate income test. This change to income could affect your
     eligibility to receive the Federal Government Co-contribution      If your employer offers a salary sacrifice option, make
     and spouse rebate. If you are eligible for a co-contribution, it   sure that your salary sacrifice agreement is in writing
     will continue to be automatically calculated by the Australian     – Media Super has a sample agreement at
     Taxation Office (ATO) and deposited into your super fund           www.mediasuper.com.au/forms to help you with this.
     each year after you lodge your tax return.

     concESSional contributionS
     Concessional contributions are pre-tax contributions paid
     by employers (or other eligible persons). Concessional
     contributions include:

     Employer contributions
     The Superannuation Guarantee (SG) is the minimum
     amount of superannuation contributions that an employer
     is legally required to pay into a complying fund, such as
     Media Super, on behalf of an employee. Currently the
     minimum SG is 9% of Ordinary Time Earnings.
     Generally, if you are aged between 18 and 70 and earning
     more than $450 from an employer in a calendar month, you
     should be receiving SG contributions. Awards and industrial
     agreements may stipulate a higher employer contribution
     rate, or your employer may voluntarily choose to pay you
     additional superannuation.

     Salary sacrifice
     Salary sacrifice involves making an agreement with your
     employer to sacrifice some of your pre-tax salary into
     your super account.
     Salary sacrificing into super can offer a number of advantages:
        It lowers your taxable income. However, from 1 July
        2009 any sacrificed salary will be included for relevant
        income testing.
        Contributions up to certain limits will be taxed at 15%
        (not your marginal tax rate) – refer to page 12 for details.
        You may benefit over the long term from the low-tax
        environment of super.
        It may not substantially reduce your take-home pay.
                                                                                                                            Your super 9




non-concESSional contributionS
Non-concessional contributions generally come from
an individual’s after-tax income. Non-concessional
contributions include:

Voluntary contributions                                                                          Hint
Voluntary contributions are contributions that you choose                                        if you are self-employed and
to make out of your after-tax income (take-home pay).                                            wish to claim a tax deduction for
These contributions can be made as frequently as you                                             contributions AND make a super
like (up to the cap amount).                                                                     split, by law you must claim the
The Voluntary contribution form is available at                                                  tax deduction beFore lodging
www.mediasuper.com.au/forms or by phoning                                                        your super splitting application.
1800 640 886. See the ‘How to contribute’ table on
page 11 for contribution methods.

Spouse contributions
Spouse contributions are designed to help build super
                                                                   contribution caPS
for non-working or low-income partners.
                                                                   There are limits on the amount of concessional and
If you are married or in a defacto relationship* and make
                                                                   non-concessional contributions you can make each
contributions on behalf of your spouse, you may be
                                                                   financial year, as shown in the table below.
eligible for a tax rebate of up to $540.
The spouse making the contribution will receive an 18%             budget Changes
tax rebate on contributions (up to $3000 per year) where           The Federal Government proposed changes to
the receiving spouse earns less than $10,800 per year.             contribution limits in the May 2009 budget. If the budget
If the receiving spouse earns more than $10,800 per year,          changes are passed with no amendments then the ‘after
a partial rebate applies before phasing out at incomes of          budget’ contributions caps will apply for the 2009/10 year.
$13,800 per year.
To be eligible, you must be living together at the time;            CoNtributioNS                2008-09        2009/10           2009/10
however, it doesn’t matter whether you are employed or              CAP                                      (before budget)    (after budget)
not. Please also see the ‘Restrictions on receiving super           Concessional contributions cap
contributions’ table on page 11 for age restrictions that apply.
                                                                    Under age 501                 $50,000        $55,000           $25,000
The rebate will be calculated by the Australian Taxation
Office (ATO) when you lodge your tax return at the end              Aged 50 or over   2
                                                                                                 $100,000      $100,000            $50,000
                                                                    (until 30/6/2012)
of the financial year.
                                                                    Non-concessional contributions
To make a spouse contribution, simply complete
the Spouse contribution form available from                         Annual cap3                  $150,000      $165,000          $150,000
www.mediasuper.com.au/forms, and make a                             Three-year cap    4
                                                                                                 $450,000      $495,000          $450,000
contribution into your spouse’s Media Super account.
* effective 1 July 2009 for people in defacto relationships.       1. these thresholds are indexed in line with movements in Average
                                                                      Weekly ordinary time earnings (AWote) in increments of $5,000.
                                                                   2. this cap is not indexed.
                                                                   3. it is proposed that from 2009/10, this cap will be equal to six times the
  Self-employed contributions                                         concessional contributions cap.
                                                                   4. this cap only applies to individuals aged less than 65 in the financial
  If you are self-employed – or substantially self-employed           year they make the contribution. if you choose to exceed the annual
  (that is, you earn less than 10% of your income, including          cap, you will not be able to make any further contributions for the next
                                                                      two financial years.
  assessable income, reportable fringe benefits and
  employer super contributions, from an employer) – you            Note: For more information on how contributions are taxed, see the
                                                                   ‘Tax on super’ section on page 12.
  can make contributions to super and claim a full tax
  deduction. These contributions will then be treated as
  concessional contributions.
  Please note that if you don’t claim your super
  contributions as a tax deduction, they will be regarded
  as after-tax, voluntary non-concessional contributions,
  and thus you may be eligible for the Government
  Co-contribution (see opposite). For full details on
  claiming a tax deduction, see page 14.
10 Your super




     othEr contributionS                                              Co-contribution
     Super splitting                                                  The co-contribution is a payment made by the Federal
                                                                      Government for low and middle-income earners. The
     You may be able to split superannuation with your spouse.        payment is designed to reward those who make an
     Super splitting is only available for concessional               additional contribution to their super, on top of what
     contributions. Members can split 85% of concessional             their employer contributes.
     contributions up to the annual concessional contributions
     cap. Media Super requires that a minimum of $1,000 be            budget Changes
     split and also that your account balance cannot be less          The Federal Government proposed changes to the
     than $5,000 after the split.                                     maximum co-contribution limit in the May 2009 budget.
                                                                      If the budget changes are passed with no amendments
     Please note that the amount transferred to your spouse’s
                                                                      then the maximum co-contribution limit will reduce from
     super account does not reduce the concessional
                                                                      $1,500 to $1,000.
     contributions counted towards your cap.
                                                                      For example, until 30 June 2009, if you earn less than
     See the ‘Important notes’ section on page 11 for restrictions.   $60,342* per annum and make a voluntary super
     You can make only one super splitting application per year.      contribution (see page 9), you may be eligible for a
     To split your super, request a super splitting pack from us      co-contribution of up to $1,500. The maximum co-
     by phoning 1800 640 886. This pack will contain a                contribution of $1,500 applies for people earning up to
     statement showing the concessional contributions we              $30,342* who have made a voluntary super contribution
     received from you in the previous financial year and the         of $1,000 to their super account. The amount of co-
     maximum amount you can split, as well as a form for you          contribution reduces for incomes above $30,342*.
     to advise us how you wish to split your super. A $30             From 1 July 2009, the maximum co-contribution will be
     withdrawal fee applies to super splits being sent to a           $1000. See the table below for co-contribution matching
     non-Media Super account.                                         rates.
     Rollover                                                            CoNtributioN           mAtChiNG rAte             mAximum
     A rollover is super that you transfer from another super                yeAr                                     Co-CoNtributioN
     fund you belong to.                                                     2009/10                  100%                   $1,000
     Given the nature of their employment, many Media Super
                                                                             2010/11                  100%                   $1,000
     members have accumulated multiple super accounts over
     the years. Multiple super accounts equal multiple super                 2011/12                  100%                   $1,000
     fees. Consolidating your super into one account can help                2012/13                  125%                   $1,250
     you build your retirement savings faster. It also reduces
                                                                             2013/14                  125%                   $1,250
     the hassle of managing multiple super accounts.
     To make Media Super the home for your super, simply                     2014/15                  150%                   $1,500
     roll over your other super accounts using the rollover
                                                                      If you are eligible for a co-contribution, it will be
     form at the back of this PDS.
                                                                      automatically calculated by the Australian Taxation Office
                                                                      (ATO) and deposited in your super fund each year after you
                                                                      lodge your tax return.
                                                                      For assistance on calculating the level of co-contribution
                                                                      that you’re eligible for, try the Co-contribution calculator
                                                                      at www.mediasuper.com.au/calculators.
                                                                      * these amounts are indexed annually. the figures shown here apply
                                                                        for 2008/09. For 2009/10 figures, visit www.ato.gov.au.

                                                                      Employment Termination Payments
                                                                      Employment Termination Payments (ETP) – such as
                                                                      unused sick leave, amounts of time in lieu, golden
                                                                      handshake and employment invalidity payments – cannot
                                                                      be rolled into super unless the following transitional
                                                                      conditions are met:
                                                                         The payment was specified as part of an existing
                                                                         employment contract, law or agreement as at
                                                                         9 May 2006; and
                                                                         The payment is made before 1 July 2012.
                                                                                                                                            Your super 11




 How to contribute
 methoD                                                         SuitAble For                             WhAt to Do

 Direct Debit – enables a specified amount to be                • Voluntary contributions                Complete the Direct debit request form and
 deducted from your bank account monthly and                    • Self-employed contributions            Spouse contribution form (if applicable) and
 paid into your Media Super account.                                                                     return them to Media Super.
                                                                • Spouse contributions

 eFt – You can transfer amounts directly from your              • Voluntary contributions                Contact us on 1800 640 886 to establish an
 bank account to Media Super.                                   • Self-employed contributions            EFT arrangement.
                                                                • Spouse contributions

 Cheque – for regular or one-off payments into                  • Voluntary contributions                Send your cheque to Media Super along with any
 your Media Super account.                                      • Self-employed contributions            relevant paperwork (e.g. Voluntary contribution
                                                                                                         form or Spouse contribution form). At a
                                                                • Spouse contributions
                                                                                                         minimum, your cheque must be accompanied
                                                                                                         by your membership number
                                                                                                         or it will be returned.

 Payroll – your employer will adjust your pay                   • Voluntary contributions                Find out if your employer offers this service.
 (according to your instructions) and send                      • Salary sacrifice                       If so, sign and return to your employer the
 contributions to Media Super on your behalf.                                                            Payroll deduction authority form.

If you intend to claim a tax deduction for self-employed contributions, see page 14 for further requirements.



 Restrictions on receiving super contributions
                                        your AGe
 CoNtributioN tyPe
                                        leSS thAN 65                   65-69                          70-74                         75+

 mandated employer                      Accepted without               Accepted without               Accepted without              Accepted without
 contribution1                          restriction                    restriction                    restriction                   restriction

 Additional employer                    Accepted without               Accepted provided you          Accepted provided you         Cannot be accepted5
 contribution2                          restriction                    are gainfully employed         are gainfully employed
                                                                       on at least a part-time3       on at least a part-time3
                                                                       basis.                         basis.

 Voluntary contribution                 Accepted without               Accepted provided you          Accepted provided you         Cannot be accepted5
                                        restriction                    are gainfully employed         are gainfully employed
                                                                       on at least a part-time3       on at least a part-time3
                                                                       basis.                         basis.

 Spouse contribution                    Accepted without               Accepted provided the          Cannot be accepted            Cannot be accepted
                                        restriction                    receiving spouse is
                                                                       gainfully employed on at
                                                                       least a part-time3 basis.

 Government co-contribution             Accepted without               Accepted without               Cannot be accepted            Cannot be accepted
                                        restriction                    restriction4

1. includes SG (to age 70 only) and contributions stipulated by Awards and Agreements.
2. includes additional employer contributions, salary sacrifice contributions and self-employed contributions where a tax deduction has been claimed.
3. Part-time means you must have worked at least 40 hours in 30 consecutive days in the financial year.
4. the co-contribution will only be paid in line with a period where you were eligible to make voluntary contributions.
5. if you are gainfully employed on at least a part-time basis during the financial year that contributions are made, contributions received on or before
   the day that is 28 days after the end of the month in which you turn 75 can be accepted.

important notes:
• Super-splitting transfers cannot be received by a spouse who is aged 65 years or more, or has reached their Preservation Age and is retired.
• Further restrictions on receiving contributions may apply if you have not supplied your tax file number. See page 12 for details.
• There are no restrictions on receiving a rollover.
12 Your super




     Tax on super
                                                                                                 Don’t forget!
     The information in this section generally                                                   ensure that media Super
     explains the different types of tax that                                                    has your tax file number on
                                                                                                 record. if the Fund doesn’t and
     may apply to your super.                                                                    you don’t supply it, you may be
                                                                                                 subject to additional tax.




     tax FilE numbErS
     Different rules apply if Media Super does not have your         Tax on non-concessional contributions
     tax file number (TFN) recorded, including an additional tax     Non-concessional contributions, up to the concessional
     of 31.5%, including Medicare levy, on top of your normal        contribution cap, are not taxed in the Fund.
     15% contributions tax – a total of 46.5% tax.
                                                                     You can make up to $150,000* (for the 2008/09 and
     If you do not provide Media Super with your TFN, you will       2009/10 financial years) of non-concessional contributions
     pay the higher tax on all employer and salary sacrifice         to your super account each year.
     contributions and Media Super will not be able to accept
                                                                     Media Super is not permitted to receive contributions
     any other contributions on your behalf.
                                                                     from you in excess of the cap.
     As a member of Media Super, it is your responsibility to
                                                                     If you make contributions across multiple super funds and
     ensure that Media Super has your TFN on file. If your
                                                                     the total exceeds the contribution caps, the excess
     employer has neglected to supply your TFN, you will still
                                                                     contributions will be taxed at the highest marginal tax rate
     be subjected to additional tax.
                                                                     (plus Medicare levy) – currently 46.5%.
     The additional tax will be deducted directly from your
                                                                     If you breach the non-concessional contribution cap, the
     Media Super account, either at the end of the financial
                                                                     ATO will write to you and advise you of the additional tax,
     year or when any part of your account balance is
                                                                     which will be deducted directly from your nominated
     withdrawn, whichever occurs first.
                                                                     superannuation account.
     Provided that you supply us with a valid TFN within three
     years of the end of the financial year that the contributions   Tax on other contribution types
     are made, you may be entitled to a refund of the additional     There is no tax applicable for Government co-contributions
     tax. No interest will be earned while the additional tax is     or super-splitting transfers for the receiving spouse.
     held at the Australian Taxation Office (ATO). Please note       Rollovers will not be taxed unless an untaxed rollover
     that refunds are subject to processing by the ATO.              amount (previously called a ‘post June 1983 untaxed
     To supply your TFN to Media Super, simply visit                 element’) is included, which will be taxed at 15%.
     www.mediasuper.com.au/tfn or phone 1800 640 886.                Generally, this is only applicable if you are transferring
                                                                     from an untaxed superannuation fund. For Media Super
     tax on contributionS                                            members, tax has already been deducted by us, so this tax
                                                                     will not apply if you roll over your account to another fund.
     Tax on concessional contributions
     Concessional contributions, up to the concessional              tax on lumP Sum amountS
     contribution cap, are taxed at 15%.
                                                                     Tax when super is paid in cash
     If you make contributions across multiple super funds
     and the total exceeds the contribution cap, the excess          If you are aged 60 years or over, you can access your
     contributions will be taxed at the highest marginal tax rate    superannuation with Media Super entirely tax-free. If you
     (plus Medicare levy) – currently 46.5%.                         have reached your preservation age (see page 15), but are
                                                                     still under 60, you can still access the taxable component
     If you exceed the relevant cap, the ATO will write to you
                                                                     of your super tax-free up to the low-rate threshold
     advising you of the additional tax. You can choose to pay
                                                                     ($145,000 for 2008/09 increasing to $150,000 for 2009/10).
     this additional tax from either your superannuation account
                                                                     Amounts over the low-rate threshold will be taxed
     or another source. You will be required to advise the ATO of
                                                                     according to the table opposite. People who have not yet
     your choice and to pay in the timeframe advised.
                                                                     reached their preservation age and are eligible to gain
                                                                     access to their super will also be taxed according to the
                                                                     table shown opposite.
                                                                                                                         Your super 13




Tax on Total and Permanent Disablement (TPD ) benefits                        Tax on Terminal Illness benefits
If you receive a super TPD benefit and are aged 60 years                      If you have been diagnosed by two medical practitioners
and over, you can access your superannuation entirely                         (one needs to be a specialist) that you are terminally ill
tax-free.                                                                     and are not expected to live beyond 12 months, and your
If you are not yet 60, part of your normal taxable                            benefit is paid as a lump sum, it will be tax-free.
component will be recalculated to form part of your
tax-free component. Generally, the tax-free component                         EliGiblE tEmPorary rESiDEntS
is increased to reflect the period where you could have                       If you are an eligible temporary resident (not an Australian
expected to be gainfully employed if the disability had not                   or New Zealand citizen) and permanently leave Australia,
occurred. This amount is calculated based on your age,                        your lump sum benefits will be taxed as follows:
length of service and the amount of your benefit. Your
                                                                                 Tax-free component
adjusted tax-free and taxable components will be taxed
                                                                                  – No tax payable
at the rates shown in the table below.
                                                                                 Taxable component
Tax on Death benefits                                                             – Up to 35%
If your Death benefit is paid to a dependant for tax                          There are restrictions on when you can access your super
purposes, then the benefit is tax-free. If it is paid to a                    as an eligible temporary resident. For more information
non-dependant, tax is deducted from the taxable                               see page 44.
component of the benefit at a rate of 16.5% (including
Medicare levy). A higher rate will apply if the Death benefit
recipient does not provide their TFN to Media Super.
Any untaxed element of a taxable component of a lump
sum Death benefit, where the benefit included life
insurance proceeds, will be taxed at 31.5% (including
Medicare levy). The untaxed element is the proportion of
your total lump sum Death benefit that relates to the
period from the date of death to age 65 in comparison
with your total service period.

Tax on Pension payments and benefits
For information about the applicable tax when your
benefit is paid as a pension, see page 17 in the ‘Pensions’
section.


 Tax on lump sum super
 ComPoNeNt           AGe                    PAymeNtS         tAx rAteS

 tax-free            All                    All              Nil

 taxable             Under your             All              Maximum
                     preservation age                        of 21.5%

                     Your preservation      Up to            Nil
                     age to 59              $145,000*

                     59                     Over             Maximum
                                            $145,000*        of 16.5%

                     60+                    All              Nil

important notes:
•	 The	Medicare	levy	is	included.
   H
•	 	 igher	rates	of	tax	apply	to	an	untaxed	rollover	amount.	Media	Super	
   would deduct tax on receipt of a rollover containing an untaxed
   amount, and the remainder would then form part of the standard
   taxable component.
   I
•	 	 f	you	haven’t	advised	Media	Super	of	your	tax	file	number,	higher	tax	
   rates may apply.

* the figure of $145,000 will increase to $150,000 for the 2009/10 year.
14 Your super




     tax on inVEStmEnt EarninGS                                     How to claim a tax deduction
     Any investment earnings (returns) on your super are taxed      If you have made super contributions into your Media
     at 15%, less any available tax credits. This tax is deducted   Super account and wish to claim a tax deduction, you will
     from Media Super’s earnings and remitted to the ATO            need to notify us before the earlier of:
     before earning rates are declared and allocated to your           the date when you lodge your tax return for the year
     account. Earnings may be positive or negative.                    the contributions were made; or
                                                                       the end of the financial year immediately following the
     GooDS anD SErVicES tax (GSt)                                      financial year in which you made the contributions.
     Under current GST legislation, GST does not apply to           You will need to request an Ato Section 290-170 form to
     super contributions, rollovers, earnings applied to            be sent to you. This form details the amount you have paid
     members’ accounts or benefits paid. Media Super may,           in super contributions during the year. To claim a tax
     however, be required to pay GST on goods and services.         deduction, you must complete the form, return it to Media
                                                                    Super and receive acknowledgment of the amount from
     incomE ProtEction bEnEFitS                                     Media Super.
     Income Protection benefits are regarded as taxable             If you operate a company, it is the company that claims
     income and attract PAYG tax (the same tax that applies to      the full deduction, so no Section 290-170 form applies.
     salary and wages). This will be deducted and remitted to       Super contributions made by the company are treated as
     the ATO before you receive the benefit. You will be required   employer contributions.
     to supply your TFN when receiving an Income Protection
     benefit, otherwise you will be taxed at the highest
     marginal tax rate plus Medicare Levy.                           Important information

     SurcharGE                                                           Generally speaking, your personal super
                                                                         contributions should not be taxed if you do not
     The superannuation surcharge was abolished from 1 July
                                                                         notify Media Super that you intend to claim a
     2005; however, the surcharge may still be payable for
                                                                         deduction.
     periods prior to that date.
                                                                         The Ato Section 290-170 form enables you to
     If the ATO assesses that you are liable to pay a
                                                                         notify Media Super of the amount you will claim
     superannuation surcharge, it will advise Media Super,
                                                                         as a deduction. We then provide you with an
     and payment will be deducted from your account.
                                                                         acknowledgement as proof of your notification.
                                                                         The ATO may require this proof that you have
     DEDuctionS For thE SElF-EmPloyED                                    notified us of your intention before it allows the
     Tax deductions for the self-employed are only available for         deduction.
     contributions paid to a complying fund such as Media                Super contributions tax will be calculated on the
     Super or a retirement savings account.                              amount that you are claiming as a tax deduction.
     To be eligible for a self-employed tax deduction, you must          The tax will be deducted from your Media Super
     earn less than 10% of your income, including assessable             account and sent to the ATO.
     income and reportable fringe benefits, from an employer.
     While you can claim a tax deduction for all your super
     contributions in your tax return, the ATO will apply
     additional tax if your super contributions exceed the
     relevant concessional and non-concessional caps.
     You can only use deductions for your super contributions
     to reduce your taxable income to nil – you cannot add to,
     or create a loss for, your business through contributing.
                                                                                                           Your super 15




Accessing
your super
PrESErVation oF bEnEFitS                                        PaymEnt oF bEnEFitS
Superannuation is designed as a long-term investment for        Benefits are generally paid as a lump sum. However,
your retirement, so there are strict rules about when you can   some benefits may be paid as a pension. If you have
access your super. This generally means all contributions       reached your preservation age, you may also request
and any investment earnings made to your account since          that Media Super pays your benefit as a pension.
1 July 1999 are preserved. That is, they must stay invested     For more information on pensions, go to page 17.
in super until you satisfy a condition of release.
If you accumulated benefits before 1 July 1999, some of your    claiminG your SuPEr bEnEFit
super does not need to be preserved. This includes
                                                                If you believe that you satisfy a condition of release and
restricted non-preserved benefits that can generally be paid
                                                                would like to access your superannuation, contact Media
to you on termination of employment and/or unrestricted
                                                                Super on 1800 640 886. We will send you the relevant forms.
non-preserved benefits that can be paid to you at any time.
                                                                Note that specific requirements apply to each condition
Conditions of release include your:
                                                                of release, and a $30 fee may apply.
   permanent retirement from the workforce on or
   after your preservation age (see table below);
                                                                Portability
   termination of employment after turning age 60
   (without necessarily retiring permanently);                  If you wish to roll part of your account balance out of
                                                                Media Super into another fund, at least $5,000 must
   reaching age 65 (whether you are retired or not);            remain in your Media Super account and you can only
   death (benefits are paid to your dependants or               make one such withdrawal each year. If there are
   personal legal representative);                              insufficient funds to meet your insurance premiums,
   permanent incapacity;                                        your insurance cover will cease.
   diagnosis of a terminal medical condition;
   severe financial hardship;
   eligibility for approval on compassionate grounds by the
   Australian Prudential Regulatory Authority;
   termination of employment with an employer-sponsor
   where your preserved amount is less than $200;
   permanent departure from Australia if you are an
   eligible temporary resident (see page 44 for more
   information);
                                                                                 Did you know?
   satisfying any other condition of release as specified in                     if you are aged 55 years or over,
   superannuation law.                                                           you may be able to access part of
                                                                                 your superannuation account
Your preservation age varies between 55 and 60 years,                            balance through a Transition
depending on your date of birth (see table).                                     to Retirement Pension, even if
                                                                                 you’re still working.
 Benefits at retirement                                                          See the Pensions section on
                                                                                 page 17 for more details.
 DAte oF birth                        PreSerVAtioN AGe

 Before 1/7/60                               55

 1/7/60 to 30/6/61                           56

 1/7/61 to 30/6/62                           57

 1/7/62 to 30/6/63                           58

 1/7/63 to 30/6/64                           59

 After 30/6/64                               60
16




     ‘I am still earning
     money, but I am
     now also getting money
     from my Media
     Super Pension, which
     is absolutely super.’
     robert Suggett, Photographer
                                                                                                            Pensions 17




Pensions
Intro text
Convert your super savings to a flexible, tax-effective Media Super pension.
You can choose your pension amount and frequency, and pay no tax on
investment earnings.



Media Super offers two types of pensions:




 1      rEtirEmEnt PEnSion
        Suitable for those who have at least $10,000 of super money to invest, and:
           have reached their preservation age (see page 15), and are fully retired; or
           have retired due to Total and Permanent Disablement (TPD) or permanent incapacity; or
           are aged 60 or more and have left employment; or
           are aged 65 or over.




 2      tranSition to rEtirEmEnt PEnSion
        Suitable for those who have at least $10,000 of super money to invest, and:
           have reached their preservation age (see page 15), and are still working and would like
           access to super at the same time.




                                                           Starting a Pension with Media Super is easy

                                                           1. Make sure you have read and understood this PDS.
                                                           2. Complete the Pension member application form at the
                                                              back of this PDS.
                                                           3. If you need to transfer money from another super fund,
                                                              complete the rollover form at the back of this PDS
                                                              before your pension commences.
                                                           4. Post your completed forms, along with Certified ID to:
                                                              media Super, locked bag 1229, Wollongong NSW 2500.
18 Pensions




     Pension payments
     A pension with Media Super gives you the flexibility
     to choose your payment amount and frequency.


     how much incomE can i rEcEiVE?                                can i maKE aDDitional withDrawalS?
     Retirement Pension                                            Once you have started your pension, there may be times
                                                                   when you need extra money to cover unexpected or
     A minimum income payment applies each financial year,
                                                                   unplanned expenses.
     depending on your age and your account balance on 1 July
     of that year. There is no maximum payment.                    Media Super Retirement Pension members are able to
                                                                   make lump sum withdrawals in addition to their
     For the financial year ending 30 June 2009, the Federal
                                                                   nominated pension payment amount.
     Government suspended the minimum draw-down
     requirements for account-based pensions – a 50%               Transition to Retirement Pension members can only make
     reduction in the minimum payment amount.                      lump sum withdrawals in limited circumstances,
                                                                   including if they:
     Members must draw down 50% of the minimum payment
     for 2008/09 (and the budget proposes to extend this to the       reach age 65;
     2009/10 financial year). If any member has already               retire permanently on, or after, their preservation age
     withdrawn 50% of the minimum payment, they are not               (see page 15);
     required to draw down again until the end of the                 reach age 60 and leave employment;
     applicable financial year.
                                                                      become totally and permanently disabled or
     Transition to Retirement Pension                                 permanently incapacitated;
     A minimum income payment applies each financial year,            are diagnosed with a ‘terminal medical condition’; or
     depending on your age and your account balance on 1 July of      are required to pay a Contributions Surcharge or
     that year. You can receive up to a maximum of 10% of your        superannuation-related tax liability.
     account balance each year.                                    People under the age of 60 should be aware that there
     The table below details the minimum yearly payment.           may be tax implications for making additional lump sum
     However, if the budget changes are passed then the            withdrawals – see ‘Taxation on pensions’ on page 20.
     figures in the right column will apply.                       You can make a partial or full withdrawal, if eligible,
                                                                   using the benefit request form, available at
      Your minimum yearly income                                   www.mediasuper.com.au/forms or by phoning
                                                                   1800 640 886. Payments will be made, after tax is
                                       buDGet ProPoSeD             deducted (if applicable), by cheque or EFT to your
                 miNimum yeArly        miNimum yeArly              nominated bank account. A $30 fee may apply.
                 PAymeNt (% oF         PAymeNt (% oF
      AGe
                 ACCouNt bAlANCe       ACCouNt bAlANCe AS
                 AS At 1 July)         At 1 July) For the          how oFtEn can i rEcEiVE PaymEntS?
                                       FiNANCiAl yeAr 2009/10      With Media Super, you can choose the frequency of
                                                                   your payments.
      Under 65   4%                    2%

      65-74      5%                    2.5%                         Payments
      75-79      6%                    3%                           PAymeNt FrequeNCy                     15th DAy oF*
      80-84      7%                    3.5%                         Monthly                               Each month
      85-89      9%                    4.5%                         Quarterly                             September, December,
                                                                                                          March, June
      90-94      11%                   5.5%
                                                                    Six-monthly                           December and June
      95+        14%                   7%
                                                                    Yearly                                June
     Each year on 1 July, your new minimum and maximum (if         * If the 15th day of the month falls on a weekend or public holiday, the
     applicable) limits will be recalculated using your new          pension payment will be made on the last business day preceding the 15th.
     account balance and age. We will send you a letter advising
     you of your new minimum and maximum (if applicable)
     limits. We will also seek your instructions regarding your
     preferred income level and payment frequency.
                                                                                                           Pensions 19




You can change the frequency of your pension payments       can i Still rEcEiVE a Social
at any time by completing and returning the Change of       SEcurity PEnSion iF i commEncE
details – Pension account form at the back of this PDS.
                                                            a SuPErannuation PEnSion?
You must receive at least one pension payment each year,
within your minimum and maximum (if applicable) limits.     Generally, you may still be eligible to receive a Social
                                                            Security Age Pension along with your Media Super
                                                            pension depending on your individual circumstances.
your FirSt PEnSion PaymEnt                                  However, it is important to note that your Media Super
If you commence your pension on or after 1 June in any      pension payments are considered as income for the
year, then no minimum payment is required to be paid to     purposes of the Social Security Age Pension income test.
you in that financial year.                                 Also, the balance of your Media Super pension is
                                                            considered as an assessable asset for the purposes of
how will i rEcEiVE PaymEntS?                                the Social Security assets test. Before commencing a
                                                            Media Super pension, the Trustee recommends that
Your payments will be credited directly to your nominated   you seek advice from a licensed financial adviser.
bank account or financial institution or can be paid
by cheque.
                                                            can i nominatE a rEVErSionary
can i inVESt morE monEy in my PEnSion?                      bEnEFiciary?
                                                            A reversionary beneficiary is the person who will receive
Once you have opened a pension, you cannot add any
                                                            the balance of your death benefit as an income stream.
additional funds to it. However, you can open another
                                                            Only spouses, certain children and interdependants are
pension with other super money you may have.
                                                            eligible to become reversionary beneficiaries. A child
                                                            can only be a reversionary beneficiary if they are:
how lonG will my PEnSion laSt?
                                                               under the age of 18; or
Your pension may not provide you with an income for the
                                                               aged 18-25 and financially dependent; or
rest of your life. If your account balance reaches zero,
your payments will cease and your account will close.          suffering from a disability.
How long your pension payments continue will depend on      If your reversionary beneficiary is a child under the age of
many factors, including whether or not you choose to        18 at the date of your death, they can only receive your
receive above the minimum level of payment, the level of    pension as an income stream until they turn 25, at which
returns on investments, and your lump sum withdrawals.      point they must convert the remaining pension into a
                                                            tax-free lump sum, unless they suffer from a disability.
                                                            You can nominate ONE person as a reversionary
                                                            beneficiary. If you want to change your reversionary
                                                            beneficiary, you will need to cancel your existing pension
                                                            and commence a new pension. A valid reversionary
                                                            benefit nomination is binding on Media Super.
20 Pensions




     Taxation
     on pensions
     With Media Super, you pay no tax on the
     investment earnings of your pension, but there
     may be a number of other taxes applicable.




     The tax applied to your pension depends on your age.
     If you are aged 60 years or more, any income, additional
     payments and investment returns from your pension are
     entirely tax-free.
     If you are under 60, then tax applies to pension income
     payments and benefits (see below), but investment
     returns are still entirely tax-free.

     tax on incomE
     Tax components
     Your pension balance is made up of two components – the
     taxable component, and the tax-free component. As their
     names suggest, the taxable component attracts tax, while
     the tax-free component doesn’t.                               tax on aDDitional withDrawalS
     The proportion of these two components is calculated          If you made additional lump sum withdrawals from your
     when you start your pension. This fixed proportion then       pension, these will be taxed as a lump sum (see page 12
     applies to each payment you receive.                          for details). This only applies to additional withdrawals
                                                                   from your pension. Regular payments from a pension
     if you reach your preservation age (aged 55 to 59),
                                                                   within the applicable minimum and maximum limits
     your pension payments will be taxed as follows:
                                                                   are not liable for this tax.
        Tax-free component is tax-free.
        Taxable component is taxed with PAYG tax plus              tax on inVEStmEnt EarninGS
        the Medicare Levy, less 15% pension offset.
                                                                   Your investment earnings are entirely tax-free.
     if you are aged under 55, your pension payment
     will be taxed as follows:
                                                                   tax on commEncEmEnt
        Tax-free component is tax-free.
                                                                   If any part of the superannuation you use to start your
        Taxable component is taxed with PAYG
                                                                   pension consists of an untaxed rollover amount
        tax plus the Medicare Levy (no tax offset).
                                                                   (previously a post June 1983 untaxed element), this
     In some circumstances, individuals under 55 may be            portion will be taxed at 15%. Generally, this is only
     eligible for the tax pension offset (for example, if the      applicable if you are transferring from an untaxed super
     pension is paid because of death or permanent incapacity).    fund. For most members, tax has already been deducted
     For further information, visit www.ato.gov.au.                by their super fund, so this tax will not be applicable.

     PAYG tax                                                      SuPErannuation SurcharGE tax
     If you are under 60, you will be taxed PAYG (Pay As You Go)
                                                                   The superannuation surcharge tax was abolished from
     tax on the income you receive from your pension. This is
                                                                   1 July 2005; however, the surcharge may still be payable
     the same tax that applies to salary and wages.
                                                                   for periods prior to this date.
     We will deduct the appropriate amount of tax from the
                                                                   If the ATO assesses that you are liable to pay a superannuation
     payments you receive and pay it to the Australian Taxation
                                                                   surcharge, you will be required to pay this directly. If you
     Office (ATO).
                                                                   need to withdraw additional funds from your pension to
                                                                   pay the surcharge, that withdrawal will be tax-free.
                                                                                                             Pensions 21




bEnEFiciariES anD PEnSionS                                     Will my beneficiary pay tax on my pension?
Beneficiaries and Pensions                                     The taxation applied to your pension on your death
                                                               depends on the circumstances of you and your
If your pension commenced after 1 July 2007, the
                                                               beneficiary, as well as how the pension is paid.
following rules apply.
                                                               If the benefit is paid as a pension, and you OR the
How will my pension be paid in the event of my death?          beneficiary is aged 60 years or over, the pension will be
How your pension is paid to the recipient will depend on       paid entirely tax-free. If you AND the reversionary
their circumstances and relationship to you.                   beneficiary are under 60 at the time of death, the pension
                                                               will be taxed as follows:
Your pension may continue to be paid in regular payments
if the recipient is a dependant. It’s important to note that      the tax-free component is tax free;
for a child to receive your pension in this way, they must        the taxable component is assessable income (i.e. it will
satisfy one of these requirements:                                be taxed at the reversionary beneficiary’s Marginal Tax
   be aged under 18 years;                                        Rate) but the reversionary beneficiary is entitled to a
                                                                  tax offset equal to 15% of the taxable component; and
   be financially dependent and aged under 25 years; or
                                                                  when the dependant turns 60, the income stream is
   have a disability as defined under the Disability
                                                                  tax free,
   Services Act.
                                                               at the revisionary beneficiary’s Marginal Tax Rate (less any
Alternatively, your dependant can elect to receive their
                                                               tax-free amount and pension tax offset). Otherwise, it will
benefit as a lump sum.
                                                               be tax-free. Where the pension is taxable, it will become
If your beneficiary is not a dependant, or is a child who      tax-free when the reversionary beneficiary turns 60.
doesn’t meet one of the requirements outlined previously,
                                                               If the benefit is paid as a lump sum, see ‘Tax on Death
your pension will be paid to them as a lump sum. They
                                                               benefits’ on page 13 for taxation details.
cannot receive it in regular payments.
22

     ‘I now view super
     as a priority and
     contribute each month
     into my account.’
     Priscilla Nielsen, Freelance illustrator
                                                                                                                   Investments 23




Investments
We understand that members have different investment requirements.
That’s why Media Super allows you to select an investment strategy
designed to assist you in achieving your retirement goals.



Why make a choice?                                             Are there restrictions on how much
How you invest your super can have a significant impact        I can invest in each option?
on your final super account balance.                           You can invest your entire account balance in one option
                                                               or choose any combination of some or all of the 10
What are my choices?                                           options. There is no minimum or maximum amount you
                                                               can invest in any one option.
Media Super members have the choice of four pre-mixed
investment options and six asset-specific investment
options – including a sustainable future option. You will      When can I make an investment choice?
find full details of our options on pages 27 to 33.            With Media Super, you have the flexibility to make an
                                                               investment choice at any time. As your personal or
What is the right choice for me?                               financial circumstances change, you can change your
                                                               investment strategy accordingly.
The investment choice you make will depend on your
                                                               Note: the buy and sell unit prices on the day your switch is processed
personal circumstances. It’s important that you                will be applied.
understand the basics of investing (page 25) and the risks
associated with investment (page 34) and also consider
your investor profile (page 26) before making an               What is the cost of making a choice?
investment choice.                                             Each time you make or change your investment choice,
                                                               a $30 fee is charged to your account.
What if I don’t make a choice?
If you don’t make a choice, your superannuation or             Can I invest my future contributions
pension will be invested in the Balanced option.               differently to my existing account
                                                               balance?
How do I make an investment choice?                            Yes. You can select one investment strategy for your
                                                               existing account balance, and another strategy for
You can make an investment choice at any time. Making
                                                               future contributions paid into your account.
an investment choice is easy. Once you’ve read this PDS
and know how you wish to invest, simply use the
membership application form or Change of details form to
let us know your investment choice. Alternatively, you can
log on to your account at www.mediasuper.com.au and
submit your choice there.
As of 1 May 2009, your investment choice will be processed
on the Thursday following the week it is requested. The
week is calculated from Monday to Sunday. Any investment
choice made between Monday and Sunday will be
processed on the Thursday of the following week (e.g. if you
request a change on Sunday, 10 May, it will be processed
on Thursday, 14 May).
24 Investments




     Unitised investments
     explained
     The Media Super investment options operate using a unitised system.
     You may be familiar with this kind of system if you have invested
     money in a personal investment product such as a managed fund.


     Unit prices go up or down depending on the value of the         buyinG anD SEllinG unitS
     investments within each of the 10 available options.
                                                                     When you change or switch your investment option or mix
     Influences include rental receipts, dividends, fixed interest
                                                                     of investment options, you are, in effect, buying and selling
     payments and asset values.
                                                                     units. As such, your investment will be affected by the buy
     This means that the total value of your investment in Media     and sell price that applies on the date your switch is made.
     Super is determined by multiplying the number of units you      A separate buy and sell unit price is quoted for each
     have in each of the Media Super investment options by the       investment option on a weekly basis after allowing for fees,
     price of each unit in the particular investment option. You     taxes and buy-sell spreads on the Media Super underlying
     can calculate the current value of your super investment at     investments. See the Fees and other costs section on page
     any time by multiplying the number of units you hold in         38 for details of the buy-sell spreads of each option.
     each investment option by the latest published sell price.
                                                                     Note: Different unit prices apply to super and pensions, as pension prices
     The investment return will depend on the investment option      do not allow for tax on investment earnings.
     selected and the buy price applicable at the time of buying
     into that investment option, i.e. at the time each
     contribution is made. If you make an enquiry about your
     account balance, the balance quoted will be based on the          LABoUR STANDARDS AND
     sell price.                                                       ENVIRoNMENTAL, SoCIAL AND
     Unit prices for each of the Media Super investment                ETHICAL CoNSIDERATIoNS
     options are updated on a weekly basis. You can access             The Trustee selects investments and investment
     updated prices at www.mediasuper.com.au or by phoning             managers on the basis of potential financial return for
     1800 640 886.                                                     its members and does not take into account labour
     The Trustee reserves the right to change any unit price           standards or environmental, social or ethical
     when it sees it is in the best interests of all members           considerations (the Standards) for the purpose of
     invested in that investment option. The Trustee will advise       selecting, retaining or realising investments except to
     you of the performance of each of the investment options          the extent that it appoints investment managers in
     as part of its regular reporting requirements and to assist       respect of its Sustainable Future Shares investment
     you in comparing the returns to industry benchmarks.              option with a mandate to consider such Standards as
                                                                       part of meeting the investment objectives of the
                                                                       Sustainable Future Shares investment option.
       Example: Unitised investments                                   For information on our Sustainable Future Shares
                                                                       option see our Sustainable Future Shares Investment
       If you have 25,000 units in Media Super’s Balanced
                                                                       Guide dated 2 February 2009. The purpose of this guide
       option valued at $1.04 per unit and 25,000 units in
                                                                       is to provide you with detailed information about the
       the Growth option valued at $1.02 per unit, then your
                                                                       Sustainable Future Shares option, including
       total superannuation investment would be valued at:
                                                                       information about:
       balanced            Growth              total                       which Standards are taken into account;
       25,000 x $1.04 + 25,000 x $1.02 = $51,500                           the extent to which the Standards are taken
                                                                           into account; and
                                                                           the retention and realisation policies.
                                                                       You may receive a copy of this document free of
                                                                       charge by:
                                                                          phoning or writing to us and requesting a copy
                                                                          of document number SFS100 05/08;
                                                                          downloading a copy from our website. Visit
                                                                          www.mediasuper.com.au/sustainableinvest.
                                                                                                          Investments 25




Investment basics
Before becoming an active super investor, it is worth familiarising
yourself with the investment basics we cover in this section.

 ASSetS
 investments are generally divided into two types – defensive assets and growth assets. Growth assets carry higher
 risk, but can deliver higher returns over the long term. Defensive assets generally carry less risk, and can
 therefore be used to protect your investment against loss. however, defensive assets generally deliver lower
 returns over the long term, and can deliver poor returns in certain environments.
 media Super’s investment options provide you with the choice you need to create the best mix of investments to
 build a portfolio you’re comfortable with. the mix of options you choose should be determined by your investment
 objectives.



 Shares                                                         Alternative assets
 Companies listed on a stock exchange issue shares (also        Alternative assets generally comprise those
 known as equities or stocks) to raise capital. You become a    investments which do not fit within traditional broad
 shareholder and part-owner of the company when you             asset classes (such as shares, property, fixed interest
 purchase ordinary shares in a company. That means that         and cash). Examples may include absolute return funds
 you are entitled to dividend payments when the company         (e.g. hedge funds), private equity, infrastructure,
 decides there are earnings available for distribution to       property development, etc. Some alternative assets may
 shareholders. Company performance (including debt              be considered to have more growth than defensive
 levels), industry conditions or movements in the share         characteristics, and vice-versa. Media Super reviews
 market can affect the share price and make it rise and fall.   each asset class to determine where it best fits.
 Property                                                       overseas investments
 Land and buildings that can be bought, sold or leased are      For some options, Media Super invests overseas.
 known as property. Investing in property through a super       When investing overseas, returns can also be affected
 fund lets you and other members pool your money to             by changes in the value of the Australian dollar.
 enable you to part own properties that would otherwise be      These changes can enhance overseas returns (when
 too expensive for you to aquire on your own, for example,      the Australian dollar is falling and there is no currency
 office buildings and shopping centres. Property includes       hedging) or detract from overseas returns (when the
 investments in property trusts, which may be listed on the     Australian dollar is rising and there is no currency
 stock exchange. Like shares, the value of property is          hedging). Currency hedging protects overseas
 influenced by many factors, including supply and demand        investment returns from movements in the Australian
 and market conditions.                                         dollar.
 Fixed interest                                                 Sustainable investments
 When an investor lends money to governments,                   Socially responsible or sustainable investments are
 semi-government bodies and corporations, interest is paid      made in assets which are aligned with more sustainable
 at an agreed rate which is fixed for the term of the loan.     and socially responsible outcomes. They may be
 These investments are known as bonds on fixed interest.        selected based on environmental, social and/or
 Fixed interest investments can be held until they mature       economic factors. To achieve the appropriate level of
 or they can be traded at any time before maturity. If they     portfolio diversification, they may also include
 are sold before maturity, the price will depend on the         companies that are leaders within their industry sector.
 interest rate at the time. Returns from fixed interest
 investments occur from regular interest payments and any
 change in value caused by movements, either up or down,
 in interest rates. Fixed interest is usually a more stable
 investment than shares, but this depends on the
 investment environment.
 Cash
 Investments in cash include money invested in term
 deposits or bank bills. Interest is earned on the cash
 invested. This is similar to having money in a bank
 account. Over the long term, cash is likely to produce the
 lowest return of all the main asset classes.
26 Investment




     Your investor
     profile
     Read this section to help understand the things you should consider
     when selecting an investment strategy tailored for your situation.



     inVEStmEnt timEFramE                                          Your tolerance to risk is an important factor to consider
                                                                   before making your investment choice. Everyone has a
     You need to consider your investment timeframe when
                                                                   different tolerance to risk, and you need to be
     selecting investment products. Your investment timeframe
                                                                   comfortable with the level of risk that is associated with
     is the length of time before you will want to access your
                                                                   the investment option or mix of investment options that
     investment. It is generally accepted that the longer your
                                                                   you choose.
     investment timeframe, the more risk you can afford to take.
                                                                   The risk/return profile of each of Media Super’s options
                                                                   is determined by the percentage allocated to growth
     riSK anD rEturn
                                                                   assets relative to defensive assets. The greater the
     Your super is invested in financial markets. Therefore, you   proportion of growth assets, the riskier the investment
     are exposed to investment risk.                               becomes, but the greater the potential return in the
     Investment risk is the degree to which returns go up          longer term.
     and down in value over time. You cannot consider return       See page 34 for further information on risks.
     without risk and, generally, the higher the potential
     return, the higher the risk. In order to achieve higher       DiVErSiFication
     returns, you must be willing to take on more risk. While
     shares, property and fixed interest securities historically   Diversifying or spreading your investments across a
     offer higher long-term returns than cash, they also           range of individual assets, asset classes, countries or
     expose you to higher levels of risk, particularly in the      investment managers has the potential, over time, to
     short term. The variability of returns is a risk associated   smooth out any ups and downs in investment returns,
     with investment, and the assets that offer higher potential   as it is unlikely that all asset classes will have negative
     return generally have the highest fluctuations in returns.    returns at the same time.
     The assets that have a lower risk (and lower potential
     return) generally have less pronounced fluctuations in
     returns.
     In financial terms, there is also a risk of not having
     enough assets or money to provide you with the lifestyle
     you desire in retirement. Therefore, if you try to avoid
     investment risk altogether, you may have to save more
     for your retirement.                                                              We
                                                                                       recommend...
                                                                                       that you consider investment
                                                                                       risk, return and diversification
                                                                                       before making an investment
                                                                                       choice.
                                                                                                                                               Investments 27


Your investment
options
Media Super members can choose from four pre-mixed options and
six single asset options or you can mix and match to design your own
investment portfolio by simply combining our investment options in the
proportions you choose.



 Pre-mixed or
 single asset options
 Pre-mixed options allow you to diversify your
 investments with ease. Each of the four pre-mixed                                                              Remember
 options have different asset allocations designed to                                                           the higher your exposure to
 certain risk profiles and with particular investment                                                           growth assets, such as shares and
 objectives in mind. Choose from Balanced, High Growth,                                                         property, the riskier your portfolio
 Growth and Stable.                                                                                             will be over any given period. but,
 Single asset options allow you to choose exactly which                                                         at the same time, you are
 assets you want your super invested in at any time. You                                                        increasing the likelihood of
 may choose a single asset option if, for example, you                                                          achieving higher returns over the
 only want to invest in sustainable shares.                                                                     long term.



 Mix & match
 Mix and match to choose more than one investment option or create a diverse portfolio with your investments
 spread across many options. You can choose any mixture of pre-mixed and single asset investment options to
 match your own investment strategy.
 Here are just two examples (see investment mix for profiles of these options on pages 28, 30 and 32).

 If you choose to invest 35% in balanced and                                            If you choose to invest 30% in Sustainable Future
 65% in Growth, you will achieve just over 80%                                          Shares and 70% in balanced, you will achieve just over
 exposure to growth assets and almost 20% to                                            80% exposure to growth assets and almost 20% to
 defensive assets.                                                                      defensive assets.

                 bAlANCeD                GroWth                   totAl       or                        SuStAiNAble
                                                                                                        Future ShAreS
                                                                                                                                 bAlANCeD                totAl
  Growth         35% of 73.5%       +    65% of 85%          =   80.97%
  assets         = 25.72%                = 55.25%                                        Growth         30% of 100%         +    70% of 73.5%       =    81.45%
                                                                                         assets         = 30%                    = 51.45%
  Defensive      35% of 26.5%       +    65% of 15%          =   19.03%
  assets         = 9.28%                 = 9.75%                                         Defensive      30% of 0%           +    70% of 26.5%       =    18.55%
                                                                                         assets         = 0%                     = 18.55%

 note: calculations are based on long-term strategic allocations only, and will not affect each actual investment.


 imPortANt NoteS
 The long-term strategic asset allocation for each option is outlined on the following pages. The underlying asset allocation for each option will vary according
 to the investment managers’ day-to-day asset allocation decisions.
 Returns are shown for each investment option, after fees and taxes. The return you receive will depend on when you invested in the option and market
 movements. The yearly returns detailed on the following pages are the actual returns earned for each applicable year. The five-year average figures are the
 compound average figures for each applicable investment option.
 The investment objectives of our options outline our aims and are not indicative of their actual returns. Over rolling five-year periods, each option will aim at
 a return that falls above the median in the SuperRatings survey (or equivalent) of comparable funds. All probabilities of achieving a crediting rate equivalent
 to inflation will be measured by the change in the Australian Consumer Price Index.
 Media Super was created on 1 July 2008 following the merger of Print Super and JUST SUPER. The historical investment returns detailed on the following
 pages are those of the previous Print Super investment options.
 To view historical investment returns for JUST SUPER to 30 June 2008, visit www.mediasuper.com.au/justsuper.
 Past performance is not an indicator of future performance. You should also expect the returns on each of your investment options to vary over time due to
 fluctuations in the value of investments with each investment option.
28 Investments




     Pre-mixed
     Balanced –                                                                                                STRATEGIC
                                                                                                                 ASSET          RANGES
     the Default option                                               ASSET SECToR
                                                                                                              ALLoCATIoN
                                                                                                                   %
                                                                                                                                  %


     investment mix                                                   GroWth
                                                                      Australian Shares                            32.0          22-42
                                                                      Australian Private Equity                    2.0             0-5
                                                                      Overseas Shares (Unhedged)                   20.0          10-30
         26.5%                                                        Overseas Shares (Hedged)                     2.0             0-5
         Defensive
                                                                      International Private Equity                 3.0             0-6
                                                                      Absolute Return Strategies                   3.0             0-6
                      73.5%                                           (Growth)
                      Growth                                          Infrastructure*                              6.0             3-9
                                                                      Direct Property*                             3.5             1-6
                                                                      Real Estate Investment Trusts                2.0             0-5
                                                                      DeFeNSiVe
                                                                      Absolute Return Strategies                   3.0             0-6
     risk profile
                                                                      (Defensive)
     Medium to high risk
                                                                      Australian Fixed Interest                    6.0            0-12
     investment objectives
                                                                      International Fixed Interest                 4.0             0-8
     Over rolling five-year periods having a 75% probability of       (Hedged)
     achieving a crediting rate equivalent to inflation, plus 3.5%
                                                                      Cash                                         4.0             0-8
     per annum. The estimated chance that negative returns
     will occur, after tax and fees, in any financial year is less    Infrastructure*                              6.0             3-9
     than one in nine.                                                Direct Property*                             3.5             1-6
     investment strategy                                             *Note: Growth assets and Defensive assets include 50% each of both
     Balanced offers a significant exposure to growth assets         Infrastructure and Direct Property investments.

     (73.5%), including Australian and overseas shares,
     property and alternative assets (illiquid assets). The 26.5%
                                                                     investment returns to 30 June (% net return p.a.)
     allocation to defensive assets includes Australian and
     overseas fixed-interest securities, alternative assets,                                 SUPER           PENSIoN          INfLATIoN
                                                                      RETURNS
     hedged funds and cash.                                                                    %                %                 %
                                                                      2003/04                  13.9             13.9              2.5
     investment time horizon
     Medium to long (5–10 years)                                      2004/05                  13.1             15.1              2.5
                                                                      2005/06                  14.5             16.4              4.0
     Asset allocation
     The underlying asset allocation for Balanced will vary in        2006/07                  15.3             16.9              2.1
     line with the investment managers’ day-to-day asset              2007/08                  -6.5             -8.6              4.5
     allocation decisions around their benchmark positions.           5-year average
     The long-term strategic asset allocation for Balanced is                                     9.7           10.3              3.1
                                                                      (compound)
     illustrated in the pie chart above.
                                                                                                                  Investments 29




High Growth                                                                                               STRATEGIC
                                                                                                            ASSET          RANGES
                                                                 ASSET SECToR
                                                                                                         ALLoCATIoN          %
investment mix                                                                                                %

                                                                 GroWth
                                                                 Australian Shares                            43.0          33-53
           2%
           Defensive                                             Australian Private Equity                    4.0             0-8
                                                                 Overseas Shares (Unhedged)                   32.7          23-43
                                                                 Overseas Shares (Hedged)                     3.3             0-6
                                                                 International Private Equity                 5.0            0-10

                 98%                                             Absolute Return Strategies                   10.0           0-15
                 Growth                                          (Growth)
                                                                 Infrastructure*                              0.0              0
                                                                 Direct Property*                             0.0              0
                                                                 Real Estate Investment Trusts                0.0              0
risk profile                                                     DeFeNSiVe
Very high risk
                                                                 Absolute Return Strategies                   0.0              0
investment objectives                                            (Defensive)
Over rolling five-year periods having a 65% probability of       Australian Fixed Interest                    0.0              0
achieving a crediting rate equivalent to inflation, plus 5%      International Fixed Interest                 0.0              0
per annum. The estimated chance that negative returns            (Hedged)
will occur, after tax and fees, in any financial year is less
                                                                 Cash                                         2.0             0-5
than one in six.
                                                                 Infrastructure*                              0.0              0
investment strategy
                                                                 Direct Property*                             0.0              0
High Growth provides a high growth-oriented investment
strategy, with 98% invested in growth assets such as            *Note: Growth assets and Defensive assets include 50% each of both
                                                                Infrastructure and Direct Property investments.
shares and 2% invested in defensive assets (cash).
investment time horizon
                                                                investment returns to 30 June (% net return p.a.)
Very long (15+ years)
                                                                                        SUPER           PENSIoN          INfLATIoN
Asset allocation                                                 RETURNS
                                                                                          %                %                 %
The underlying asset allocation for High Growth will vary
                                                                 2003/04                  19.7             19.6              2.5
in line with the investment managers’ day-to-day asset
allocation decisions around their benchmark’s position.          2004/05                  17.0             19.0              2.5
The long-term strategic asset allocation for High Growth         2005/06                  19.9             22.3              4.0
is illustrated in the pie chart above.
                                                                 2006/07                  20.0             21.6              2.1
                                                                 2007/08                -11.8             -15.0              4.5
                                                                 5-year average
                                                                                          12.2             12.5              3.1
                                                                 (compound)
30 Investments




     Growth                                                                                                  STRATEGIC
                                                                                                               ASSET           RANGES
                                                                      ASSET SECToR
                                                                                                            ALLoCATIoN           %
     investment mix                                                                                              %
                                                                      GroWth
                                                                      Australian Shares                          37.0            27-47
           15%                                                        Australian Private Equity                   3.0             0-5
           Defensive                                                  Overseas Shares (Unhedged)                 24.5            15-35
                                                                      Overseas Shares (Hedged)                    2.5             0-5
                                                                      International Private Equity                4.0             0-8

                    85%                                               Absolute Return Strategies
                                                                                                                  8.0             0-12
                                                                      (Growth)
                    Growth
                                                                      Infrastructure*                             3.5             0-6
                                                                      Direct Property*                            1.5            0-2.5
                                                                      Real Estate Investment Trusts               1.0             0-3
     risk profile                                                     DeFeNSiVe
     High risk                                                        Absolute Return Strategies
                                                                                                                  0.0              0
                                                                      (Defensive)
     investment objectives
     Over rolling five-year periods having a 65% probability of       Australian Fixed Interest                   3.5             0-7
     achieving a crediting rate equivalent to inflation, plus 4.5%    International Fixed Interest
                                                                                                                  2.5             0-5
     per annum. The estimated chance that negative returns            (Hedged)
     will occur, after tax and fees, in any financial year is less    Cash                                        4.0             0-8
     than one in seven.
                                                                      Infrastructure*                             3.5             0-6
     investment strategy                                              Direct Property*                            1.5            0-2.5
     Growth provides a growth-oriented investment mix,
                                                                     *Note: Growth assets and Defensive assets include 50% each of both
     with an 85% allocation to growth assets.                        Infrastructure and Direct Property investments.
     investment time horizon
     Long (10+ years)
                                                                     investment returns to 30 June (% net return p.a.)
     Asset allocation                                                                        SUPER           PENSIoN          INfLATIoN
     The underlying asset allocation for Growth will vary in line     RETURNS
                                                                                               %                %                 %
     with the investment managers’ day-to-day asset
                                                                      2003/04                  16.2             16.4              2.5
     allocation decisions around their benchmark positions.
     The long-term strategic asset allocation for Growth is           2004/05                  13.9             15.9              2.5
     illustrated in the pie chart above.                              2005/06                  17.0             19.1              4.0
                                                                      2006/07                  17.5             19.2              2.1
                                                                      2007/08                  -8.6            -11.2              4.5
                                                                      5-year average
                                                                                               10.7             11.2              3.1
                                                                      (compound)
                                                                                                                   Investments 31




Stable                                                                                                  STRATEGIC
                                                                                                          ASSET           RANGES
                                                                 ASSET SECToR
                                                                                                       ALLoCATIoN           %
investment mix                                                                                              %
                                                                 GroWth
                                                                 Australian Shares                          13.0             6-20
                                                                 Australian Private Equity                   0.0              0
                                                                 Overseas Shares (Unhedged)                  8.2             3-13
                  30.5%
                  Growth                                         Overseas Shares (Hedged)                    0.8             0-2
                                                                 International Private Equity                0.0              0
     69.5%                                                       Absolute Return Strategies
                                                                                                             0.0              0
     Defensive                                                   (Growth)
                                                                 Infrastructure*                             4.5             2-7
                                                                 Direct Property*                            2.0             0-4
                                                                 Real Estate Investment Trusts               2.0             0-5
risk profile                                                     DeFeNSiVe
Medium risk                                                      Absolute Return Strategies
                                                                                                             5.0             0-10
                                                                 (Defensive)
investment objectives
Over rolling five-year periods having a 80% probability of       Australian Fixed Interest                  17.0            10-24
achieving a crediting rate equivalent to inflation, plus 2.5%    International Fixed Interest
                                                                                                            11.0             6-16
per annum. The estimated chance that negative returns            (Hedged)
will occur, after tax and fees, in any financial year is less    Cash                                       30.0            20-40
than one in 20.
                                                                 Infrastructure*                             4.5             2-7
investment strategy                                              Direct Property*                            2.0             0-4
Stable aims to provide relatively steady overseas returns
through a 69.5% allocation to defensive assets.                 *Note: Growth assets and Defensive assets include 50% each of both
                                                                Infrastructure and Direct Property investments.
investment time horizon
Short to medium (under 5 years)
                                                                investment returns to 30 June (% net return p.a.)
Asset allocation
                                                                                        SUPER           PENSIoN          INfLATIoN
The underlying asset allocation for Stable will vary in line     RETURNS
                                                                                          %                %                 %
with the investment managers’ day-to-day asset
                                                                 2003/04                     7.7            7.5              2.5
allocation decisions around their benchmark positions.
The long-term strategic asset allocation for Stable is           2004/05                     9.3           11.7              2.5
illustrated in the pie chart above.                              2005/06                     8.7            8.6              4.0
                                                                 2006/07                     9.5           11.1              2.1
                                                                 2007/08                     0.0           -0.6              4.5
                                                                 5-year average
                                                                                             7.0            7.6              3.1
                                                                 (compund)
32 Investments




     Single assets
     Australian Shares                                               Asset allocation
     risk profile                                                                                          STRATEGIC ASSET         RANGES
                                                                     ASSET SECToR
     Very high risk                                                                                         ALLoCATIoN %             %

     investment objectives                                           GroWth
     Over rolling five-year periods having a 60% probability of      Australian Shares                            100.0              95-100
     achieving a crediting rate equivalent to inflation, plus 5%     DeFeNSiVe
     per annum. The estimated chance that negative returns
                                                                     Cash                                            0                0-5
     will occur, after tax and fees, in any financial year is less
     than one in four.                                               investment returns to 30 June (% net return p.a.)
     investment strategy
                                                                                              SUPER            PENSIoN          INfLATIoN
     The Australian Shares sector option provides a high              RETURNS
                                                                                                %                 %                 %
     growth-oriented investment strategy predominantly
                                                                      2005/06                   22.0              24.0               4.0
     invested in Australian shares.
                                                                      2006/07                   23.8              25.2               2.1
     investment time horizon
                                                                      2007/08                  -10.0             -12.5               4.5
     Very long (15+ years)
                                                                     This option commenced on 1 April 2005.



     Overseas Shares                                                 Asset allocation
     risk profile                                                                                          STRATEGIC ASSET         RANGES
                                                                      ASSET SECToR
     Very high risk                                                                                         ALLoCATIoN %             %

     investment objectives                                            GroWth
     Over rolling five-year periods having a 55% probability of       Overseas Shares (Unhedged)                   91.0             80-100
     achieving a crediting rate equivalent to inflation, plus 5%      Overseas Shares (Hedged)                     9.0                0-20
     per annum. The estimated chance that negative returns
                                                                      DeFeNSiVe
     will occur, after tax and fees, in any financial year is less
     than one in four.                                                Cash                                          0                 0-5
     investment strategy
                                                                     investment returns to 30 June (% net return p.a.)
     The Overseas Shares sector option provides a high
     growth-oriented investment strategy predominantly                                        SUPER            PENSIoN          INfLATIoN
                                                                      RETURNS
                                                                                                %                 %                 %
     invested in overseas shares.
                                                                      2005/06                   17.9              21.8               4.0
     investment time horizon
     Very long (15+ years)                                            2006/07                   12.4              14.5               2.1
                                                                      2007/08                  -14.0             -17.3               4.5

                                                                     This option commenced on 1 April 2005.



     Sustainable Future Shares                                       Asset allocation
     risk profile                                                                                         STRATEGIC ASSET          RANGES
                                                                      ASSET SECToR
     Very high risk                                                                                        ALLoCATIoN %              %

     investment objectives                                            GroWth
     Over rolling five-year periods having a 60% probability of       Australian Shares                            60.0              50-70
     achieving a crediting rate equivalent to inflation, plus 5%      Overseas Shares (Unhedged)                   40.0              30-50
     per annum. The estimated chance that negative returns
                                                                      DeFeNSiVe
     will occur, after tax and fees, in any financial year is less
     than one in four.                                                Cash                                          0                 0-5
     investment strategy
                                                                     investment returns to 30 June (% net return p.a.)
     The Sustainable Future Shares sector option provides a
     high growth-oriented investment strategy predominantly                                   SUPER            PENSIoN          INfLATIoN
                                                                      RETURNS
                                                                                                %                 %                 %
     invested in Socially Responsible Australian and overseas
     shares.                                                          2005/06                   21.6*             23.4*              4.0
     investment time horizon                                          2006/07                   19.0              20.6               2.1
     Very long (15+ years)                                            2007/08                  -13.4             -16.4               4.5
                                                                     This option commenced on 1 August 2005.
                                                                     * The 2005/06 figure represents the return for the period from 1 August
                                                                       2005 to 30 June 2006.
                                                                                                                     Investments 33




Property                                                        Asset allocation
risk profile                                                                                         STRATEGIC ASSET          RANGES
                                                                 ASSET SECToR
Medium to high risk                                                                                   ALLoCATIoN %              %

investment objectives                                            GroWth
Over rolling five-year periods having a 70% probability          Direct Property                              75.0              65-85
of achieving a crediting rate equivalent to inflation, plus      Real Estate Investment Trusts                25.0              15-35
3.5% per annum. The estimated chance that negative
                                                                 DeFeNSiVe
returns will occur, after tax and fees, in any financial
year is less than one in 10.                                     Cash                                          0                 0-5
investment strategy
                                                                investment returns to 30 June (% net return p.a.)
The Property sector option provides a growth-oriented
investment strategy predominantly invested in property.                                  SUPER            PENSIoN          INfLATIoN
                                                                 RETURNS
                                                                                           %                 %                 %
investment time horizon
                                                                 2005/06                   14.7              16.9               4.0
Long (10+ years)
                                                                 2006/07                   21.8              25.1               2.1
                                                                 2007/08                     5.1              5.6               4.5

                                                                This option commenced on 1 April 2005.



Fixed Interest                                                  Asset allocation
risk profile                                                                                         STRATEGIC ASSET          RANGES
                                                                 ASSET SECToR
Low to medium risk                                                                                    ALLoCATIoN %              %

investment objectives                                            DeFeNSiVe
Over rolling five-year periods having a 65% probability of       Australian Fixed Interest                   60.0               50-70
achieving a crediting rate equivalent to inflation, plus 2%      International Fixed Interest
per annum. The estimated chance that negative returns                                                        40.0               30-50
                                                                 (Hedged)
will occur, after tax and fees, in any financial year is less
                                                                 Cash                                          0                 0-5
than one in 20.
investment strategy                                             investment returns to 30 June (% net return p.a.)
The Fixed-Income sector option provides a conservative                                   SUPER            PENSIoN          INfLATIoN
investment strategy predominantly invested in fixed income.      RETURNS
                                                                                           %                 %                 %
investment time horizon                                          2005/06                     1.7*             3.2*              4.0
Short to medium (under 5 years)                                  2006/07                     3.4              4.2               2.1
                                                                 2007/08                     3.2              3.7               4.5

                                                                This option commenced on 1 August 2005.
                                                                * The 2005/06 figure represents the return for the period from 1 August
                                                                  2005 to 30 June 2006.



Cash                                                            Asset allocation
risk profile                                                                                          STRATEGIC ASSET         RANGES
                                                                 ASSET SECToR
Low risk                                                                                               ALLoCATIoN %             %

investment objectives                                            DeFeNSiVe
Over rolling five-year periods having a 100% probability of      Cash                                        100.0               100
achieving a crediting rate equivalent to inflation, plus 1%
per annum. The estimated chance of a negative return,           investment returns to 30 June (% net return p.a.)
after tax and fees, in any financial year is negligible.                                 SUPER            PENSIoN          INfLATIoN
                                                                 RETURNS
investment strategy                                                                        %                 %                 %
Cash aims at providing capital preservation and secure           2003/04                     5.8              6.0               2.5
investment returns through a 100% investment in cash.            2004/05                     4.6              6.5               2.5
investment time horizon                                          2005/06                     4.7              4.6               4.0
Short (under 1 year)
                                                                 2006/07                     5.1              6.2               2.1
                                                                 2007/08                     4.8              5.7               4.5
                                                                 5-year average              5.0              5.8               3.1
                                                                 (compound)
34 Investments




     Super
     investments
     and risk
     There are various types of risk associated
     with investing in a superannuation fund, the
     most important of which are discussed below.



     There are risks in choosing particular investment options,          liquidity risk – this is the risk of being unable to
     as all investments are subject to varying risks and                 convert an investment into cash with little or no loss of
     generally change in value over time.                                capital and minimum delay. Some investments, such
                                                                         as direct property and private equity, are relatively
     the significant risks that any investor could encounter
                                                                         illiquid. As such, Media Super makes these
     include:
                                                                         investments for the long term, and limits the exposure
        inflation risk – inflation may exceed the return on your         of any investment option to these sectors.
        investment, which reduces your purchasing power at
                                                                         Security specific risk – the risk that an individual
        the time.
                                                                         company or asset fails, for example, through
        individual investment risk – individual assets in which          bankruptcy, fraudulent activity, or the business
        Media Super invests can (and do) rise or fall in value           environment in which it operates, causing the value
        for many reasons, such as changes in the internal                of the investment to fall sharply.
        operations or management of a fund or entity in which
                                                                         Negative returns – there is a risk that the investment
        Media Super invests, or the business environment in
                                                                         options have negative returns and that you do
        which it operates.
                                                                         not receive the repayment of capital or may have
        market risk – economic, technological, political                 a reduction in your investment amount.
        or legal conditions and even market sentiment can
                                                                         Volatility risk – is the instability of a particular
        (and do) change. These can mean changes in the
                                                                         investment.
        value of investment markets affecting the value of
        the investments in Media Super.                               The effect of these risks is reduced by diversification,
                                                                      that is, by investing in a wide range of different types
        interest rate risk – changes in interest rates can have
                                                                      of investments.
        a positive or negative impact directly or indirectly on
        investment value or returns – for example, the income         Before making an investment choice, we strongly
        return on a fixed interest security can become more           recommend that you consider the risks outlined here.
        or less favourable.
                                                                      other risks that may impact any investor include:
        Currency risk – Media Super has overseas
        investments, and if the currencies of any of those               Changes to superannuation law – changes are
        countries rise or fall in value relative to the Australian       frequently made to superannuation law which may
        dollar, the value of the investment can change.                  affect your benefits or your ability to access your
                                                                         benefits.
        Derivatives risk – derivatives are used to reduce risk
        or gain exposure to other types of investments when              Changes to taxation – changes may occur to the
        appropriate. Media Super does not invest directly in             taxation of superannuation, which may affect the
        derivatives but our investment managers may do so.               value of your investment.
        Risks associated with derivatives include the value of           insurance – the insurance cover you receive as a
        the derivative, failing to move in line with the underlying      member of Media Super may not cover you to the
        asset, potential illiquidity of the derivative, not being        extent that you require. There is also a risk that the
        able to meet payment obligations as they arise and               Insurer will either not accept your desired level of
        counterparty risk (this is where the counterparty to the         insurance cover or may reject your claim.
        derivative contract cannot meet its obligations under
        the contract).                                                You should consider diversification and all the risks
                                                                      associated with investments before making an
                                                                      investment choice.
                                                                                                                 Investments 35




Below we detail some of the risks of each of the asset classes that
Media Super’s investment options are exposed to.

Australian Shares                                                     fixed Interest
The most significant risk that Media Super’s Australian               Interest rate risk is a significant risk to Media Super’s
Shares portfolio is exposed to is market risk (i.e. the risk          Fixed Interest portfolio, as the majority of the sector’s
that the Australian share market falls in value). Because of          return comes from an income stream, and changes in
this, over short-term periods in particular, there is a risk          interest rates can have a positive or negative impact on
that the return on the portfolio may not exceed inflation             the value of investments. The Fixed Interest portfolio is
(inflation risk) and the returns on this portfolio could be           exposed to market risk (i.e. the risk that fixed interest
negative. Some of the investment managers in Media                    markets fall in value). Because of this, over short-term
Super’s Australian Shares portfolio may use derivatives               periods, the return on the portfolio may not exceed
from time to time, so derivative risk is a factor, but this risk      inflation (inflation risk) and the returns on this portfolio
is controlled by limits imposed on use of derivatives, and the        could be negative. However, the volatility of returns of
risk is likely to be small at the total portfolio level. Individual   fixed interest markets is generally lower than for shares
investment risk is present, although it is managed by                 and property markets, therefore market and inflation risk
significant diversification of the underlying investments.            are less of an issue for the Fixed Interest portfolio
                                                                      compared to the Shares and Property portfolios. Also,
overseas Shares                                                       diversification by investments in a range of different
The most significant risks that Media Super’s Overseas                overseas markets reduces the overall currency risk,
Shares portfolio is exposed to are market risk (i.e. the risk         market risk and, consequently, inflation risk.
that overseas share markets fall in value) and currency               Some of the investment managers in Media Super’s Fixed
risk (i.e. the risk that the value of overseas assets fall if         Interest portfolio may use derivatives from time to time,
the Australian dollar appreciates). Because of these risks,           so derivative risk is a factor, but this risk is controlled by
over short-term periods in particular, there is a risk that           limits imposed on their use, and the risk is likely to be
the return on the portfolio may not exceed inflation                  small at the total Fixed Interest portfolio level. Individual
(inflation risk) and the returns on this portfolio could be           investment risk is present, although it is controlled by
negative.                                                             significant diversification of the underlying investments.
Diversification of investments in a range of different
overseas markets reduces the overall market risk and                  Alternative Assets
consequently inflation risk. Some of the investment                   The Alternative Assets class portfolio consists of several
managers in Media Super’s Overseas Shares portfolio use               distinct investment strategies, including Infrastructure,
derivatives from time to time, so derivative risk is a factor,        Private Equity, Hedge Funds and Opportunistic Property.
but this risk is controlled by limits imposed on use of               Each of these asset classes has a different risk profile.
derivatives, and the risk is likely to be small at the total          Infrastructure, Private Equity and Opportunistic Property
Overseas Shares portfolio level. Individual investment risk           portfolios are generally more exposed to individual
is present, although it is managed by significant                     investment risk than the more traditional asset classes as
diversification of the underlying investments.                        there are generally fewer investments in the portfolios.
                                                                      On top of this, these asset classes are exposed to interest
Property
                                                                      rate, market and inflation risk. Hedge Funds aim to
The most significant risk that Media Super’s Property                 eliminate many market-related risks through the use of
portfolio is exposed to is market risk (i.e. the risk that            derivatives leading to derivative risk and individual
property markets fall in value). Because of this, over                investment risk remains (although this is reduced through
short-term periods, there is a risk that the return on the            the diversification of investments).
portfolio may not exceed inflation (inflation risk) and the
returns on this portfolio could be negative. Diversification          Cash
of investments in different property markets – Australian             The most significant risk that Media Super’s Cash portfolio
Listed Property, Australian Unlisted Property and Global              is exposed to is interest rate risk, i.e. changes in interest
Listed Property – reduces the overall market risk and,                rates impact the returns generated by the investment.
consequently, inflation risk. Interest rate risk is a
significant risk to the Property portfolio due to a large
portion of the sector’s return coming from an income
stream. Individual investment risk is present, although it
has been reduced by diversifying underlying investments.
36




     ‘M edia Super supports
     the industry that I
     work in and helps
     ensure that it stays
     as good as it can be.’
     Alison Dean, Journalist
                                                                                           General information 37




General information
This section contains information relevant to all Media Super
members, including details of fees and costs, the services we offer,
and regulations applying to superannuation and pensions.



Service                                                      Regular updates
Media Super provides personalised service to all members     We are committed to keeping you updated with details of
– in person, via telephone or online. It’s up to you.        your superannuation. You will receive confirmation of your
                                                             membership, insurance cover and investment strategy
                                                             upon joining. Then, each year, you will receive an Annual
Personal consultations
                                                             Statement, Annual Report, half-yearly update and regular
You can arrange a personal consultation with a Media         newsletters.
Super representative. Phone 1800 640 886.
                                                             You can register for quarterly email updates full of
                                                             investment commentary, legislation updates and super
Workplace visits                                             news at www.mediasuper.com.au/subscribe.
Our representatives can visit your workplace and provide
educational workshops or one-on-one meetings for             Website
you and your colleagues. Phone 1800 640 886 to discuss
                                                             The Media Super website has a range of resources to help
a tailored program for your workplace.
                                                             you manage your superannuation, including an online
                                                             education centre (Super Guide), interactive tools and
Workshops                                                    calculators, news items, fund updates, and forms and
We understand the complexity of planning for a comfortable   publications. Take the time to visit www.mediasuper.com.au
retirement. That’s why we run workshops covering             and explore the resources available.
retirement planning, salary sacrifice, self-employment,
investment choice and pensions. To register for a
workshop, visit www.mediasuper.com.au/workshops
or phone 1800 640 886.
                                                               oNLINE ACCoUNT ACCESS

Telephone service centre                                       Managing your super account is easy with online
Our friendly staff are available via telephone to solve        account access. It’s simple to use and gives you
all your super questions. Phone 1800 640 886                   secure access to your account any time. You can:
weekdays from 8.30am to 5.30pm (AEST), or visit                   check your current account balance and insurance;
www.mediasuper.com.au.                                            view details of contributions since your last
                                                                  statement;
                                                                  make an investment choice; and
                                                                  change beneficiaries and other personal details.
                                                               You will be registered automatically for this service
                                                               when you join Media Super.
38 General information




     Fees and other costs
     The wording at the right is stipulated by                  the Australian Securities and investments Commission (ASiC) provides the
     law. However, the statement concerning                     following warning to investors.
     the possibility of negotiating fees is not
     applicable to Media Super. For further                        CoNSUMER ADVISoRY WARNING
     information, contact Media Super on
     1800 640 886.                                                 Did you know?
     This document shows fees and other                            Small differences in both investment performance and fees and costs can
     costs that you may be charged. These                          have a substantial impact on your long-term returns.
     fees and costs may be deducted from                           For example, total annual fees and costs of 2% of your fund balance rather
     your account, the returns on your                             than 1% could reduce your final return by up to 20% over a 30-year period
     investment or the fund assets as a whole.                     (for example, reduce it from $100,000 to $80,000).
     Taxes and insurance costs are set out                         You should consider whether features such as superior investment
     in parts of this document.                                    performance or the provision of better member services justify higher fees
                                                                   and costs.
     You should read all of the information
                                                                   You may be able to negotiate to pay lower contribution fees and
     about fees and costs because it is                            management costs where applicable. Ask the fund or your financial adviser.
     important to understand their impact
     on your investment.                                           To find out more
     Fees and costs for particular investment                      If you would like to find out more, or see the impact of the fees based on
     options are set out on page 39.                               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.




      fees and costs
      tyPe oF Fee or CoSt                                              AmouNt                             hoW AND WheN PAiD

      FeeS WheN your moNey moVeS iN or out oF the FuND
      establishment fee
                                                                       Nil                                Not applicable
      The fee to open your investment.

      Contribution fee
      The fee on each amount contributed to your                       Nil                                Not applicable
      investment – either by you or your employer.
      Withdrawal fee                                                                                      The withdrawal fee is deducted from your account
      The fee on each amount you take out of your                      $30 per transaction                when you transfer or withdraw all, or part of, your
      investment.                                                                                         account balance from the Fund.
      termination fee
                                                                       Nil                                Not applicable
      The fee to close your investment.

      mANAGemeNt CoStS

      the fees and costs for managing your investment1                 $57.20 p.a. ($1.10 per week)       Administration costs of $1.10 per week are deducted
      The amount you pay for specific investment options               plus 0.41% – 0.81% p.a. of         from your account balance monthly (or when you exit
      is shown at page 39.                                             your account balance               the Fund). Your investment manager fee varies from
                                                                                                          0.31% to 0.71%, and is deducted from the particular
                                                                                                          investment option on a weekly basis prior to the unit
                                                                                                          price being calculated. This fee is not deducted from
                                                                                                          your account.

      SerViCe FeeS2

      investment switching fee                                         $30 per transaction                The switching fee will be deducted from your account
      The fee for changing investment options.                                                            at the effective date of your switch. The fee is waived if
                                                                                                          your first change is received by Media Super within 30
                                                                                                          days of joining the Fund or if you are only changing
                                                                                                          your investment options for future transactions.
     Notes:
     1. See the ‘Additional explanation of Fees and Costs’ section following for a breakdown of management costs and other costs, including the buy-sell spreads.
     2. See the ‘Additional explanation of Fees and Costs’ following for any other costs which may be applied.
                                                                                                    General information 39




aDDitional ExPlanation oF
                                                                 Investment fees
FEES anD coStS
                                                                 iNVeStmeNt oPtioN                 iNVeStmeNt mANAGer Fee
Management Costs
                                                                 balanced                          0.64% p.a. (including a potential
The Management Costs can be broken down into a                                                     PBF estimated at 0.04%)*
number of components, including:
                                                                 high Growth                       0.71% p.a. (including a potential
1. Administration Costs                                                                            PBF estimated at 0.08%)*
The Administration Costs fee is the $1.10 per week fee that
is used to pay for the fees and costs of administering Media     Growth                            0.65% p.a. (including a potential
Super, including the payment of custody fees, trustee                                              PBF estimated at 0.05%)*
expenses, professional services expenses and other               Stable                            0.43% p.a. (including a potential
expenses. This fee is also referred to as the member fee                                           PBF estimated at 0.02%)*
and is deducted monthly from your account balance.
                                                                 Australian Shares                 0.65% p.a. (including a potential
2. other expenses                                                                                  PBF estimated at 0.13%)*
The Other Expenses fee is used to pay for fees not covered by
the Administration Costs fee, including a proportion of the      overseas Shares                   0.67% p.a.
fees in relation to the payment of custody fees, trustee         Sustainable Future Shares         0.53% p.a.
expenses, professional services expenses and other
expenses. Media Super charges a fee of 0.10% p.a., which is      Property                          0.48% p.a. (including a potential
deducted from the Fund’s assets before the unit prices are                                         PBF estimated at 0.00%)*
determined on a weekly basis. The unit prices issued are net
                                                                 Fixed interest                    0.31% p.a.
of Other Expenses. Media Super will perform reconciliations
of actual expenses paid and the Other Expenses charged on        Cash                              0.31% p.a.
a periodic cycle. If the actual Other Expenses incurred are
                                                                Notes:
greater than the fee charged, then the unit prices for
                                                                the investment manager Fee may change due to several factors,
members could be decreased. If the actual Other Expenses        including: timing, cash flow, changes in the investment manager line-up,
incurred are less then the fee charged, then the unit prices    changes in asset allocation and other factors.
for members could be increased.                                 All fee calculations are inclusive of GSt. reduced input tax credits have
                                                                been incorporated into the Administration Costs.
3. investment manager Fee                                       * See the Performance based Fee section below.
The Investment Manager Fee is the fee for investing in the
Fund’s assets. It includes fees paid to external investment     Performance Based fee (PBf)
managers and other expenses incurred in investing the           In certain circumstances, if an investment manager
assets (excluding transaction costs – please see buy-sell       outperforms their performance target, they may be paid a
spread table on page 40). All investment managers are paid      PBF. The Investment Manager Fees above include, where
a fixed fee for investing the assets. The fixed fee paid to     applicable, an estimate of any PBF. The Investment
each of the investment managers varies from manager to          Manager Fee is deducted from the Fund’s assets before
manager, and is deducted from the particular investment         the unit price is determined on a weekly basis.
option on a weekly basis prior to the unit price being          The Media Super Balanced, High Growth, Growth, Stable,
calculated. This fee is not deducted from your account.         Australian Shares and Property options all have a
The fee for each investment option is shown on the right.       percentage of assets invested with investment managers
These figures were determined based on indicative               who may be eligible for PBFs. These managers are
annualised calculations using information for the period        potentially paid a PBF determined as a percentage of the
1 July 2008 to 30 April 2009. These calculated annualised       manager’s return achieved in excess of the specified
rates will change throughout the year due to cash flow,         target rate for the manager over an agreed period. The
changes in the Fund’s investment manager line-up,               PBF only applies when performances are greater than the
changes in asset allocation and other influencing factors.      specified target. Some managers have a ‘high watermark’
Some investment managers are                                    associated with their PBF. A high watermark indicates
also paid a Performance Based                                   that if the manager fails to meet the specified target rate
Fee (PBF).                                                      over one time period, they have to get back to the previous
                                                                level before getting a PBF on new excess returns.
                                                                The estimated PBFs shown in the table above were
                                                                determined based on indicative annualised calculations
                                                                using information for the period 1 July 2008 to
                                                                31 March 2009. The extent of any PBF cannot be
                                                                determined in advance. The PBFs vary according to the
                                                                amount of out-performance achieved by each applicable
                                                                investment manager and the weighting of that investment
                                                                manager in the relevant investment option.
40 General information




     Transaction costs                                                Transfer fees
     In managing Media Super’s assets, the Trustee will incur         A $10 transfer fee is charged if your benefit is transferred
     transaction costs, including a buy-sell spread. Generally,       to Media Super’s eligible rollover fund, AUSfund.
     the buy-sell spread is a transaction cost charged by some
     investment managers when you add to, or withdraw from,           Temporary residents
     your investment and is incorporated in the Fund’s unit prices.   A $30 fee is charged if, as an eligible temporary resident,
     The Trustee does not receive any part of these costs and         your account balance is sent to the Australian Taxation
     does not add a margin to the buy-sell spread charged by          Office (ATO) as unclaimed super.
     investment managers. There is a buy-sell spread for each
     Investment Option. This buy-sell spread is variable and is       family Law fees
     applied to contributions, withdrawals and investment             A Family Law fee will be charged in relation to the
     switches. This is an additional cost to you. The buy-sell        following services:
     spreads are reflected in the unit prices. The figures provided      $98.00 for an application for information – deducted
     below are current as at 30 April 2009. For up to date buy-sell      from your account balance. For a non-member spouse,
     spreads, visit our website at www.mediasuper.com.au.                the fee must be paid by cheque on application.
                                                                         $76.00 to split a benefit – this fee is split proportionally
      Costs                                                              between you and the non-member spouse, and
                                                                         deducted from your account balance and the
                                  buy        Sell
      iNVeStmeNt oPtioN                                  totAl           non-member spouse’s entitlement.
                                SPreAD      SPreAD

      Balanced                   0.15%       0.15%        0.30%       Contribution Splitting fees
                                                                      If you make a contribution splitting request and the amount
      High Growth                0.15%       0.15%        0.30%
                                                                      split is paid to your spouse’s Media Super account, the $30
      Growth                     0.20%       0.20%        0.40%       withdrawal fee will be waived. If the amount split is rolled
                                                                      out of Media Super, the $30 withdrawal fee will apply.
      Stable                     0.10%       0.10%        0.20%

      Australian Shares          0.20%       0.20%        0.40%

      International Shares       0.20%       0.20%        0.40%

      Sustainable Future
      Shares                     0.15%       0.15%        0.30%

      Property                   0.50%       0.50%        1.00%

      Fixed Interest             0.05%       0.05%        0.10%

      Cash                       0.00%       0.00%        0.00%
                                                                                                                        General information 41




Maximum fees                                                                      Insurance costs
The Trust Deed does not provide any limits on the                                 Insurance costs are set out in Part 2 of the PDS.
maximum amounts that may be charged by the Trustee in
respect of the fees and charges outlined in this section.                         Protection of small accounts
However, the Trustee will endeavour to ensure that the                            If at any time your account balance in Media Super is
level of fees and charges is comparable with its                                  less than $1,000 and includes, or has included,
competitors and that it represents good value for members.                        Superannuation Guarantee or award contributions,
                                                                                  Federal Government regulations limit the amount of
Increases or alterations to fees and charges                                      administration fees and charges that can be deducted
All fees are current and may be revised or adjusted by                            from your account. If investment earnings are negative,
Media Super from time to time. Media Super may also                               then a maximum fee of any positive investment return
introduce new fees. If there is an increase in fees, the                          credited to your account, plus $10.00, will be deducted
Trustee must notify you 30 days in advance of the change.                         from your account. Administration fees and charges do
                                                                                  not include insurance premiums and taxation charges.
Tax
All fees and costs are inclusive of GST less any input tax                        financial adviser commissions
credit and stamp duty (if applicable).                                            Media Super DOES NOT pay any sales or trail commissions
The Fund passes on any tax deduction to you in the form                           to financial advisers, tax advisers or sales agents.
of higher returns on your investments. A tax deduction
is not passed on to members by way of reduced fees
or costs. In relation to the Administration Costs fee ($1.10
p.w.) and insurance premiums, the Fund provides you with
a tax rebate of up to 15% each 30 June (if applicable).
Taxation of benefits is set out in the ‘Taxation’ sections on
pages 12 (super accounts) and 20 (pensions).




ExamPlE oF annual FEES anD coStS For thE balancED (DEFault) inVEStmEnt oPtion
This table gives an example of how the fees and costs in the Balanced investment option for this product can affect your
superannuation investment over a one-year period. You should use this table to compare this product with other
superannuation products.


 Super example
 exAmPle – the bAlANCeD iNVeStmeNt oPtioN                        bAlANCe oF $50,000 With totAl CoNtributioNS oF $5,000 DuriNG yeAr

 Contribution fees                Nil                            For every $5,000 you put in, you will be charged $0.

 Plus Management costs            $57.20 p.a. + 0.74% p.a.       And, for every $50,000 you have in the fund, you will be charged $370 each year,
                                                                 plus $57.20 in administration fees, regardless of your 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 $427.20*
                                                                 What it costs you will depend on the investment option you choose and the
                                                                 fees you negotiate with your fund or financial adviser.

Notes:
* Additional fees may apply, including Withdrawal fees or Switching fees: $30
  you are unable to negotiate your fees in media Super.


 Pension example
 exAmPle – the bAlANCeD iNVeStmeNt oPtioN                        bAlANCe oF $50,000 With totAl CoNtributioNS oF $5,000 DuriNG yeAr

 Management costs                 $57.20 p.a. + 0.74% p.a.       For every $50,000 you have in the fund, you will be charged $370 each year, plus
                                                                 $57.20 p.a. in administration fees, regardless of your balance.

 equals Cost of fund                                             If your balance was $50,000 during a year, then for that year you will be charged
                                                                 fees of $427.20#.
                                                                 What it costs you will depend on the investment option you choose and the fees
                                                                 you negotiate with your fund or financial adviser.

Notes:
# Additional fees may apply, including Withdrawal fees or Switching fees: $30
  you are unable to negotiate your fees in media Super.
42 General information




     Other important
     information
     tax FilE numbEr (tFn)                                                      EliGiblE rolloVEr FunD (ErF)
     By providing your TFN to Media Super, you will minimise                    The Trustee will transfer your superannuation benefit to
     the amount of tax you pay on your super.                                   Media Super’s ERF if your account balance is:
     Media Super is authorised, by the Superannuation                           i) less than $1,000, and
     Industry (Supervision) Act 1993 to collect members’                        ii) we have not received contributions for twelve months
     TFNs. If you provide your TFN, Media Super will use it                         and Media Super has been unsuccessful in delivering
     for purposes approved by law. These purposes include:                          two or more communications to you, resulting in you
         finding or identifying your benefits where other                           becoming a lost member.
         information is insufficient;                                           Transfers to Media Super’s ERF occur in June and
         calculating tax on any payments you may be entitled to;                December each year. A $10 transfer fee is charged if your
         providing information to the Australian Taxation Office                benefit is transferred to the ERF. Media Super’s ERF is:
         (ATO) (for example, regarding contribution caps);                      AuSfund
         providing your TFN to the trustee of another fund                      Po box 2468
         where your benefits have been transferred to that                      kent town SA 5071
         trustee. However, we will not pass on your TFN to                      Phone: 1300 361 798
         another trustee if you tell us in writing that you do
                                                                                Being transferred to an ERF may affect your benefits because:
         not wish this to happen; and
                                                                                   You will cease to be a member of Media Super and any
         advising the ATO through its lost members register
                                                                                   insurance arrangements you have under Media Super
         if your benefit becomes lost to the Fund.
                                                                                   will cease to apply.
     It is not an offence if you choose not to quote your TFN.
                                                                                   You will become a member of AUSfund and be subject
     However, if you don’t quote it, you may be required to pay
                                                                                   to its governing rules. If the Trustee can provide
     additional tax on your benefits. Concessional contributions
                                                                                   AUSfund with your current contact details, AUSfund
     will be taxed at 46.5% (including Medicare levy) and Media
                                                                                   will provide you with its current Product Disclosure
     Super can not accept any non-concessional contributions.
                                                                                   Statement (PDS) which outlines all the operational
     Providing your TFN can also make it easier to locate your                     details of their fund. You can contact AUSfund to ask
     superannuation benefits in the future.                                        for a copy of its PDS.
     Note: The approved purposes for which Media Super can use your TFN, as        AUSfund may allocate a lower rate of earnings (which
     well as the consequences of your failure to supply your TFN, are subject      may be positive or negative) than Media Super.
     to change.
                                                                                   AUSfund will apply a different fee structure. AUSfund is
     To supply your TfN:                                                           required to ‘member protect’ your benefit. This
        Phone 1800 640 886                                                         generally means that administration charges cannot
                                                                                   exceed investment earnings on your account in a
        Fax 1800 246 707
                                                                                   reporting period. However, indirect management fees
        Website www.mediasuper.com.au                                              may be deducted from gross fund earnings. You should
        Use the member application form when joining                               refer to the AUSfund PDS for circumstances in which
        Media Super or Change of advice form and return it to:                     fees may apply.
        Media Super, Locked Bag 1229                                               AUSfund invests your benefits in a low-risk strategy,
        Wollongong NSW 2500                                                        predominantly cash and short-term fixed interest
                                                                                   investments. You should evaluate whether this strategy
                                                                                   is appropriate to your specific circumstances.
                                                                                   AUSfund does not offer insured benefits in the event
                                                                                   of death or disablement.
                                                                                To claim your benefit or arrange a rollover or transfer,
                                                                                you must contact AUSfund directly.
                                                                                             General information 43




unclaimED monEy                                                loSt SuPEr
Media Super is required to transfer your account balance       A Media Super member is regarded as ‘lost’
to the ATO, if:                                                if any one of the following applies:
   you have reached age 65 or more; and                           Two pieces of written correspondence are returned
   we have not received a contribution to your account for        unclaimed;
   at least two years; and                                        You were a standard employer-sponsored member
   it has been at least five years since we last had contact      when you joined the Fund, and no contributions have
   with you; and                                                  been paid into your account for at least five years;
   you (or your beneficiaries, in the event of your death)        We have not been able to verify your
   cannot be contacted after reasonable searches by us.           correct address.
Media Super will pay any unclaimed money to:                   All super funds regularly provide the ATO with a ‘lost’
                                                               members report. The ATO maintains a register of these
Australian taxation office
                                                               members. You can see if you are registered as a lost
GPo box 9990
                                                               member at www.ato.gov.au/super using the SuperSeeker
melbourne ViC 3000
                                                               feature or contact 131 020. Alternatively, try searching at
Phone: 131 020                                                 www.unclaimedsuper.com.au.
Website: www.ato.gov.au
                                                               If you successfully locate your lost super, you can roll it
                                                               into your Media Super account using the rollover form at
unallocatED monEy                                              the back of this PDS.
If we receive money for a member without sufficient
information (e.g. the member’s name, employer’s
address, etc), we will be unable to allocate the money to
the correct account. Wherever possible, we hold the
money in trust while we try to obtain information which
enables us to allocate the money to the correct member
account. If we are unable to obtain sufficient information,
we will return the money to the employer or to the
person who made the contribution.
If it is not possible for us to identity who made the
contribution, we will pay the money to the Australian
Securities and Investment Commission (ASIC),
generally within one month from the date we receive
the money. If you think you may be entitled to
unclaimed money, contact:
Australian Securities and investment Commission
unclaimed monies unit
Phone: 1300 300 630
Email: infoline@asic.gov.au
Website: www.fido.gov.au
44 General information




     EliGiblE tEmPorary rESiDEntS                                  The personal information collected by Media Super from
                                                                   you, or through your employer, includes your contact
     If you are an elibile temporary resident and want to access
                                                                   details, date of birth and Tax File Number. Over time,
     your super after you permanently leave Australia, you can
                                                                   financial and other information necessary to administer
     apply to Media Super for a Departing Australia
                                                                   your Media Super membership will be added to your
     Superannuation Payment (DASP) subject to the following
                                                                   records.
     events occurring within the last six months:
                                                                   Additional information may be collected from medical
        Your departure from Australia
                                                                   practitioners or from your employer for the purpose of
        Cancellation or expiration of your visa.                   assessing your eligibility for insurance cover or for the
     If you do not apply to Media Super for this payment within    assessment of a claim. We will only seek to collect such
     this time, the Fund will pay your benefit to the Australian   information with your consent.
     Taxation Office (ATO) as unclaimed super.                     If you choose not to provide your personal information, we
     If your benefit is transferred to the ATO as unclaimed        may not be able to process your membership application
     super, you will no longer be a member of Media Super. As      or administer and manage your account and benefits.
     a result, you will not earn investment returns with Media     To assist us to provide a complete service, we may have to
     Super and any applicable insurance cover obtained             pass on your personal details to other related
     through your membership with Media Super will cease.          organisations, including our administrator, Insurer, other
     To apply for a Departing Australia Superannuation             super funds or the ATO and other government
     Payment, phone us on 1800 640 886.                            organisations. All third parties who receive your personal
     For assistance in accessing unclaimed super, contact the      details from us have agreements to keep your information
     ATO on 131 020 or visit www.ato.gov.au.                       confidential and not use it for marketing purposes.
     For information on how your super is taxed as an eligible     By law, we are required to ensure that the Fund is not
     temporary resident, see page 13.                              being used to launder money or finance terrorism. Media
                                                                   Super may ask you to provide proof of identity before you
     To access your super before you permanently leave
                                                                   withdraw any money from the Fund or open a pension
     Australia, you must satisfy one of the following conditions
                                                                   with us. For example, we may need proof of your name,
     of release:
                                                                   date of birth or address.
        Attaining age 65;
        Retirement after attaining your minimum preservation       Your rights as a member
        age;                                                       As a member of Media Super, you may ask to see the
        The amount of your super is less than $200 and you no      information we hold about you and to have it corrected
        longer work for the employer who made super                if required.
        contributions to that account;                             From time to time, Media Super may send members
        Your death (benefits are paid to your dependants or        information about events, promotions or services. If you
        personal legal representative);                            do not wish to receive information of this kind, please
                                                                   advise us.
        Permanent incapacity;
        Diagnosis of a terminal medical condition.                 More information?
                                                                   If you would like more information on how Media Super
     PriVacy Policy                                                handles your personal information or a copy of the
     Media Super respects your privacy. Protecting your            Media Super Privacy Policy, phone 1800 640 886 or
     personal information has always been important to us and      visit www.mediasuper.com.au.
     is required by law. We handle your personal information       You can also obtain information about your privacy
     in accordance with National Privacy Principles.               rights from the Commonwealth Privacy Commissioner
     Media Super has stringent security measures in place,         on 1300 363 992 or visit www.privacy.gov.au.
     and the staff who handle your personal information have
     the knowledge, skills and commitment to protect it from       comPlaintS
     unauthorised access or misuse.                                Media Super welcomes feedback and has a procedure
                                                                   in place to deal with member complaints. If you have
     The information we collect
                                                                   a complaint, write to us at:
     Media Super only collects information that is necessary to
                                                                   Complaints officer
     administer your Fund membership and to provide you with
                                                                   media Super
     information in relation to your investment. Your personal
                                                                   locked bag 1229
     information will not be used or disclosed for any other
                                                                   Wollongong NSW 2500
     purpose without your consent, except where required
     by law.                                                       All complaints will be acknowledged promptly and, in
                                                                   most cases, addressed within 28 days. You will receive
                                                                   a written reply detailing Media Super’s decision.
                                                                                             General information 45




Superannuation Complaints Tribunal                             what haPPEnS whEn i DiE?
If you are not satisfied with our response to your             You may nominate a beneficiary to receive your benefit.
complaint, or you have not received a response within          Your beneficiary must either be a dependant or legal
90 days, then you may take your complaint to the               personal representative. Media Super will take your
Superannuation Complaints Tribunal (SCT).                      nomination into account, but is not bound to follow it.
The SCT is an independent tribunal set up by the Federal       Your benefit will be paid to either your dependant(s) or
Government to review certain types of trustee decisions.       legal personal representative. If you do not have
If the SCT accepts your complaint, it will attempt to          dependants or a legal personal representative, then it
resolve the matter through conciliation. If conciliation is    may be paid to any other person.
unsuccessful, the complaint is referred to the Tribunal
for a determination, which is binding.                         A dependant includes:
The SCT may be contacted by:                                      your spouse (including de facto and same-sex couples);
   phoning 1300 780 808                                           your children (including natural, step or adopted and
                                                                  children of your spouse). In order to receive the benefit
   visiting www.sct.gov.au
                                                                  tax-free, children must be under the age of 18. A child
   writing to: locked bag 3060, GPo melbourne ViC 3001            over the age of 18 can also receive the benefit tax-free
                                                                  if they are financially dependent on you or have a
financial ombudsman Service
                                                                  disability;
The Financial Ombudsman Service (FOS) deals with
                                                                  a person financially dependent on you at the date of
complaints about financial services providers including
                                                                  death;
life insurers, fund managers, stockbrokers and some
super providers.                                                  an interdependant (see below).
If you have a complaint about the financial services           An interdependent relationship exists if:
provided to you by the Trustee, you may lodge a complaint         two people have a close personal relationship; and
with FOS.
                                                                  they live together; and
FOS has restrictions on the type of complaints it will hear.
                                                                  one or each of them provides the other with financial
Also, FOS will not hear your complaint unless you have
                                                                  support; and
first lodged a complaint with the Trustee’s internal
procedure (i.e. a complaint with the Complaints Officer).         one or each of them provides the other with domestic
The Trustee has generally 45 days to reply to your                support and personal care.
complaint, although they may request 90 days to deal           An interdependent relationship also exists if two people
with your complaint.                                           have a close personal relationship and the other
If you do not receive a decision, or are unhappy with the      requirements are satisfied because of physical,
decision in relation to your complaint, you may lodge your     intellectual or psychiatric disability.
complaint with FOS.                                            For information on tax on a death benefit paid:
The FOS may be contacted by:                                      to a ‘dependant’ as a lump sum – see page 12
   phoning 1300 780 808                                           to a ‘non-dependant’ as a lump sum – see page 12
   visiting www.fos.org.au                                        to a ‘dependant’ as a pension – see page 21.
   writing to: GPo box 3, melbourne ViC 3001

coolinG-oFF PErioDS
Public Offer and Pension members have 14 days to
reconsider after opening a Media Super account.
The 14-day cooling-off period commences on the
earlier of:
   your receipt of confirmation of your application; or
   five days after your Media Super membership
   application is accepted.
Within this 14-day period, you may withdraw your
investment or transfer it to another fund without being
subject to fees imposed by Media Super. To withdraw or
transfer your investment, simply write to us.
WARNING: The amount you receive may be less than
the amount of your original investment. It will reflect any
movement in the value of the investment option(s) you
have selected, amounts paid to you, and tax payable on
that amount.
46 Forms




                                                                        How to
                                                                       comple
                                                                               t
                                                                       the forme
                                                                                 s




      I want to…
      Open a super account                             Apply for insurance cover
      Complete the membership application form.        To apply for insurance cover, see Part 2 of this
                                                       Product Disclosure Statement and request the forms
      Start a pension                                  specific to your situation by calling 1800 640 886.

      Complete the Pension membership
      application form.
                                                       Have my employer pay
                                                       contributions into Media Super
                                                       Use the Standard choice form to let your employer
                                                       know where to pay your super contributions.




      I want to manage my account…
      Rollover another super account                   Make regular contributions
      into Media Super                                 using Direct Debit
      Complete the roll over your super form.          Complete the Direct debit request form to enable
                                                       regular contributions into your super account from
      Make an investment choice                        your bank account.
      If you are opening a super account or starting
      a pension, you can use the application form.     Update my details
      If you are an existing member of Media Super,    Let us know your new name, contact details,
      complete the Change of details form.             investment choice or pension payment amount using
                                                       the Change of details form.
Member
application form
ValiD From 1 JunE 2009



  Please complete this form in BLACk PEN and CAPITAL LETTERS.                  your member No.

  Please return completed form to your employer or:
  Media Super, Locked Bag 1229, Wollongong NSW 2500
  Have you previously registered as a member of Media Super?                            YES      NO
  Are you a current member of Media Super?                                              YES      NO



  Personal details
  you must complete this section and sign the completed form on page 3.
  Mr/Mrs/Ms/Miss/Dr                                                                                    Date of birth (DD/MM/YYYY)

                                                                                                                  /        /
  Surname


  Mother’s maiden name (as your privacy/security password)


  Given names


  Address


                                                                                                          State                Postcode


  Telephone (home)                                                   Telephone (work)
  (           )                                                      (          )
  Mobile number


  Email address



  I wish to have all my accounts with Media Super consolidated into this account                 YES     NO



  Current employment details (if applicable)
  Please provide details of your current employer.
  Employer’s trading name


  Employer’s phone number


  Date started with employer

           /            /
  Your occupation
                                                                                                                                                   MSUP 29624




Issued by the Trustee of Media Super, Media Super Limited, ABN 30 059 502 948, AFSL 230254

                                                       Please return completed form to your employer or:
 offICE USE oNLY:           MS     PS      MC                                                                                        PAGe 1 oF 4
                                                       Media Super, Locked Bag 1229, Wollongong NSW 2500
Member application form (cont.)
 Tax file number (TFN)
 We are authorised by law to collect your tFN and to use it for approved purposes. Although it is optional to give your tFN, you may be
 disadvantaged if you don't. For instance, you may pay more tax than you have to. For more detailed information, please refer to the
 media Super Product Disclosure Statement (PDS).

      I agree to provide my tax file number (TFN), and my TFN is:
 or

      I choose not to quote my TFN, and I understand the implications of choosing not to quote my TFN.



Member investment choice
read the ‘investment options’ section of the media Super PDS before making your decision.
Invest 100% in one investment, or mix and match them in any proportion you like.
A switching fee of $30 will be deducted from your member account whenever you vary your investment options.
PRE-MIxED                                                                                  Current balance   future contributions

balanced – 70% growth assets / 30% defensive assets                                                      %                   %

high Growth – 95% growth assets / 5% defensive assets                                                    %                   %

Growth – 85% growth assets / 15% defensive assets                                                        %                   %

Stable – 30% growth assets / 70% defensive assets                                                        %                   %

SINGLE ASSET

Australian Shares – 95% growth assets / 5% defensive assets                                              %                   %

overseas Shares – 95% growth assets / 5% defensive assets                                                %                   %

Sustainable Future Shares – 95% growth assets / 5% defensive assets                                      %                   %

Property – 95% growth assets / 5% defensive assets                                                       %                   %

Fixed interest – 100% defensive assets                                                                   %                   %

Cash – 100% defensive assets                                                                             %                   %

Total (must add up to 100%)                                                                 1   0    0 %        1    0   0 %



 Personal contributions
 if you wish to make personal contributions to media Super from your after-tax income, tick (3) the relevant boxes.
 Contact media Super on 1800 640 886 to obtain the appropriate forms.

 Do you wish to make personal contributions to Media Super?                          YES            NO
 If YES, please indicate your preferred method of making personal contributions:

      Payroll Deduction (refer to the Media Super PDS)

      Direct Debit from your bank/financial institution (refer to the Media Super PDS)



 Insurance
 Please refer to Part 2 of the media Super PDS for details of insurance cover.

      I wish to alter or increase my insurance cover – contact media Super on 1800 640 886 to obtain the appropriate forms
      I wish to cancel my Death and Total and Permanent Disablement (TPD) insurance cover
      I wish to apply for Income Protection cover
      I wish to cancel my Income Protection insurance cover*
 * Cover will be cancelled from the date Media Super receives your completed form.

 Depending on your employer, you may receive automatic income Protection cover.
 Contact media Super on 1800 640 886 if you are unsure if this applies to you.




                                                                                                                                    PAGe 2 oF 4
 Nomination of preferred beneficiaries
 you may nominate preferred beneficiaries to receive the balance of your media Super account in the event of your death.
 Please provide details of your preferred beneficiaries. For further information, refer to the media Super PDS.
 1. Full name


 Relationship (e.g. spouse, son, etc.)                                                                                        Percentage to be paid

                                                                                                                                            %
 2. Full name


 Relationship (e.g. spouse, son, etc.)                                                                                        Percentage to be paid

                                                                                                                                            %
 3. Full name


 Relationship (e.g. spouse, son, etc.)                                                                                        Percentage to be paid

                                                                                                                                            %
 4. Full name


 Relationship (e.g. spouse, son, etc.)                                                                                        Percentage to be paid

                                                                                                                                            %
 5. Full name


 Relationship (e.g. spouse, son, etc.)                                                                                        Percentage to be paid

                                                                                                                                            %

 Note: If you wish to nominate more beneficiaries, please attach a list of their names, relationship to you and the percentage of benefit
 to be paid to each, and date and sign it. the percentages you specify must total 100%.



 Declaration
 Please sign and date this form, and return it to the address shown below.
 Under the terms of the Trust Deed governing Media Super, the Trustee         PriVACy
 has a discretion to determine to whom to pay your death benefit in the       I have read and understood the Privacy Collection Statement
 event of your death. The nomination of beneficiaries is not binding on the   contained in the Media Super PDS, and consent to Media Super
 Trustee, but the Trustee will take your wishes into consideration when       collecting, using, storing and disclosing personal information about
 making the decision to whom to pay your death benefit. You can change        me in accordance with the Privacy Collection Statement.
 your nomination of preferred beneficiary at any time. A new nomination
 will cancel any previous nomination of beneficiary that you have made.       DireCt mArketiNG
 I apply to become a member of Media Super. If admitted as a                  From time to time, Media Super may send its members
 member, I acknowledge and agree that I will be bound by the Trust            communication material, also known as direct marketing material,
 Deed that governs Media Super. I declare that:                               about special offers and promotions, which are available to Media
 •	 I have received and read the Media Super PDS. As at the date of           Super members only.
    this application, I am at work and performing the full and normal
                                                                              •	 tick this box, if you are happy for Media Super
    duties of my occupation.
                                                                                to use your information to send you direct
 •	 I understand that the investment choice I have indicated will               marketing information.                                          YES
    apply to my account balance and future contributions to Media
    Super until further notice from me. I accept that the illustrations       •	 tick this box, if you DON’T want Media Super to
    of risk and return shown in the Media Super PDS are based on                use your personal information to send you direct
    assumptions which may or may not be borne out in practice.                  marketing information.                                          NO
 •	 I understand that investment returns are not guaranteed and that          Whatever you decide, you will have the opportunity to
    investment returns can be positive or negative.                           change your mind at any time.
 •	 I acknowledge that if I need help in relation to my investment choice,
    I should obtain financial advice from a licensed financial adviser.

 Applicant’s signature
                                                                                                          Date (DD/MM/YYYY)
  x                                                                                                                 /          /




Please return completed form to:
                                                                                                                                         PAGe 3 oF 4
Media Super, Locked Bag 1229, Wollongong NSW 2500
This page has been left blank intentionally.
Pension member
application form
ValiD From 1 JunE 2009



  Please complete this form in BLACk PEN and CAPITAL LETTERS.                  your member No.


  Are you a current member of Media Super?                                             YES       NO



  Personal details
  you must complete this section and sign the completed form on page 4.
  Mr/Mrs/Ms/Miss/Dr                                 Gender                                            Date of birth (DD/MM/YYYY)

                                                                 Male         Female                               /      /
  Surname


  Mother’s maiden name (as your privacy/security password)


  Given names


  Address


                                                                                                           State              Postcode


  Telephone (home)                                                   Mobile number
  (           )
  Email address




  Tax file number (TFN)
  We are authorised by law to collect your tFN and to use it for approved purposes. Although it is optional to give your tFN, you may be
  disadvantaged if you don't. For instance, you may pay more tax than you have to. For more detailed information, please refer to the
  media Super Product Disclosure Statement (PDS).

        I agree to provide my tax file number (TFN), and my TFN is:
   or

        I choose not to quote my TFN, and I understand the implications of choosing not to quote my TFN.



  Pension type
  Please tick (3) the appropriate box indicating which type of pension you choose.

        I wish to invest in the transition to retirement Pension.

        I wish to invest in the retirement Pension.
                                                                                                                                                  MSUP 29625




Issued by the Trustee of Media Super, Media Super Limited, ABN 30 059 502 948, AFSL 230254

                                                       Please return completed form to:
 offICE USE oNLY:         MS       PS      MC                                                                                       PAGe 1 oF 4
                                                       Media Super, Locked Bag 1229, Wollongong NSW 2500
Pension member application form (cont.)
 Amount to be invested (minimum $10,000)
 Please provide details of amount to be invested.
 a) Current Media Super members
    Please tick here if you wish to invest your account balance in your accumulation
    media Super account to open your Media Super pension account.
    If you wish to invest only part of your account balance to open your Media Super
    pension account, state the amount to be invested.                                                    $                              .
 b) Rolling amounts from other source into Media Super pension account
    If you are rolling amounts into your Media Super pension account from an employer or institution(s)
    other than Media Super, please provide the name and amount of each rollover fund here:
    Name of fund                                                                                     Estimated amount

                                                                                                         $                              .

                                                                                                         $                              .



 Select your pension amount
 Please advise the media Super trustee of the amount you wish to have paid at commencement.
 You are required to select your Media Super pension payment amount at the commencement of your pension. The amount must fall within
 the prescribed Government Minimum and Maximum limits*. If no selection is made, the Trustee will pay the minimum amount.

 Please nominate the date on which your Media Super pension is to commence.                      /         /                    (DD/MM/YYYY)
 Please note that if you invest in a Media Super pension between 1 June and 30 June, you can defer your pension payments until the
 next financial year.
 Please tick (3) the appropriate box:

      Government Minimum                     Government Maximum (for Transition to Retirement Pensions only)           Defer pension payment

      Specified amount:       Net amount $                .            .          OR Gross amount $              .              .
 Please note that the specified amount must be within the relevant Government Minimum and Maximum limits*.
 I understand that Pay-As-You-Go (PAYG) tax will be deducted where applicable, and that if PAYG tax applies, I will receive an Income
 Tax Payment Summary at the end of each financial year.
 Note: No tax is payable if you are aged 60 or over.
 * Maximum limits only apply to Transition to Retirement Pensions.



 Payment instruction
 Please provide the frequency of your pension payment and your account details here.
 You are required to select the frequency of your pension payments.

 Please tick (3) the appropriate box:                  Monthly       Quarterly       Half-yearly        Yearly
 Your Media Super pension payments will be paid directly to your financial institution on or before the 15th of the month that the payment is due.
 Please note that the frequency of pension payments can be changed at any time. Simply complete and return a Change of details form.
 Please credit payments to the following account:
 Account name


 Name of financial institution


 Branch


 BSB number                                        Account number
                 –




                                                                                                                                        PAGe 2 oF 4
Member investment choice
read the ‘investment options’ section of the media Super PDS before making your decision.
Invest 100% in one investment, or mix and match them in any proportion you like.
A switching fee of $30 will be deducted from your member account whenever you vary your investment options.
PRE-MIxED                                                                         Initial Investment        Drawdown Strategy

high Growth – 95% growth assets / 5% defensive assets                                             %                          %

Growth – 85% growth assets / 15% defensive assets                                                 %                          %

balanced – 70% growth assets / 30% defensive assets                                               %                          %

Stable – 30% growth assets / 70% defensive assets                                                 %                          %

SINGLE ASSET

Australian Shares – 95% growth assets / 5% defensive assets                                       %                          %

overseas Shares – 95% growth assets / 5% defensive assets                                         %                          %

Sustainable Future Shares – 95% growth assets / 5% defensive assets                               %                          %

Property – 95% growth assets / 5% defensive assets                                                %                          %

Fixed interest – 100% defensive assets                                                            %                          %

Cash – 100% defensive assets                                                                      %                          %

Total (must add up to 100%)                                                          1    0   0 %               1    0    0 %

Note: Drawdown Strategy is the percentage mix that will be withdrawn from your investments to make up your pension payments.
You can change your drawdown strategy later by completing a Change of details form.



Nomination of preferred beneficiaries
Please provide details of your preferred beneficiaries.
You may nominate preferred beneficiaries to receive the balance of your Media Super account in the event of your death.
For further information, refer to the Media Super Product Disclosure Statement (PDS).
1. Full name


Relationship (e.g. spouse, son, etc.)                                                                                    Percentage to be paid

                                                                                                                                        %
2. Full name


Relationship (e.g. spouse, son, etc.)                                                                                    Percentage to be paid

                                                                                                                                        %
3. Full name


Relationship (e.g. spouse, son, etc.)                                                                                    Percentage to be paid

                                                                                                                                        %
Note: If you wish to nominate more than three beneficiaries, please attach a list of all their names, relationship to you and the percentage
of benefit to be paid to each, and date and sign it. the percentages you specify must total 100%.




                                                                                                                                    PAGe 3 oF 4
Pension member application form (cont.)
 Declaration
 Please sign and date this form, and return it to the address shown below.
 Under the terms of the Trust Deed governing Media Super, the                 •	 I understand that the investment choice I have indicated will apply
 Trustee has a discretion to determine to whom to pay your death                 to my account balance to Media Super until further notice from
 benefit in the event of your death. The nomination of beneficiaries             me. I accept that the illustrations of risk and return shown in the
 is not binding on the Trustee, but the Trustee will take your wishes            Media Super PDS are based on assumptions which may or may
 into consideration when making the decision to whom to pay                      not be borne out in practice.
 your death benefit. You can change your nomination of preferred              •	 I understand that investment returns are not guaranteed and that
 beneficiary at any time. A new nomination will cancel any previous              investment returns can be positive or negative.
 nomination of beneficiary that you have made.
                                                                              •	 I acknowledge that if I need help in relation to my investment choice,
 I apply to become a member of Media Super. If admitted as a
                                                                                 I should obtain financial advice from a licensed financial adviser.
 member, I acknowledge and agree that I will be bound by the Trust
 Deed that governs Media Super. I declare that:                               PriVACy
 •	 I have received and read the PDS describing the retirement                I have read and understood the Privacy Collection Statement in Part
    pension facility provided by Media Super, and I understand that it        1 – information for media Super pensions including retirement
    is not a pension that is guaranteed for life or any set period.           Pension and transition to retirement Pension and consent to
 •	 The whole of my investment for my Media Super pension account             the Trustee collecting, using, disclosing and storing my personal
    is made up of one or more superannuation lump sums which                  information in accordance with the Privacy Collection Statement.
    have or will be rolled over or transferred into Media Super.
                                                                              DireCt mArketiNG
 •	 I have satisfied one of the following conditions of release:
                                                                              From time to time, Media Super may send its members
    – I have reached my superannuation preservation age (currently 55)        communication material, also known as direct marketing material,
      and am no longer gainfully employed and I do not intend to resume       about special offers and promotions which are available to Media
      full-time or part-time employment at any time in the future,            Super members only.
    – I have attained 60 years of age and I have ceased gainful
                                                                              •	 tick this box, if you are happy for Media Super
      employment since turning 60,
                                                                                 to use your information to send you direct
    – I have been declared totally and permanently disabled or                   marketing information.                                      YES
      incapacitated and have provided the Trustee with two medical
      certificates to that effect, or                                         •	 tick this box, if you DON’T want Media Super to
                                                                                 use your personal information to send you direct
    – I am over the age of 65.                                                   marketing information.                                       NO
    – (for transition to retirement Pensions only) I am over the age of 55.
                                                                              Whatever you decide, you will have the opportunity to
                                                                              change your mind at any time.

 Applicant’s signature
                                                                                                           Date (DD/MM/YYYY)
  x                                                                                                                  /           /




 Office use only

 Pension annual amount

 Pension frequency payment                                                      Prepared by

 Pension commencement date                 /           /                        Checked by



Please return completed form to:
                                                                                                                                           PAGe 4 oF 4
Media Super, Locked Bag 1229, Wollongong NSW 2500
Direct debit
request form
ValiD From 1 JunE 2009



  Please complete this form in BLACk PEN and CAPITAL LETTERS.                     your member No.


  Complete this form if you wish to make personal contributions from your after-tax income to Media Super
  on a monthly basis by direct debit from your bank account.
  Before you complete this form, check with your financial institution to make sure that this facility is available.



  Personal details
  you must complete this section and sign the completed form after reading the Direct Debit Service Agreement over the page.
  Mr/Mrs/Ms/Miss/Dr                                                                                             Date of birth (DD/MM/YYYY)

                                                                                                                            /         /
  Surname


  Given names


  Address


                                                                                                                    State                 Postcode


  Telephone (home)                                                   Telephone (work)
  (           )                                                      (            )
  Mobile number


  Email address




  Payment details
  Please provide your account details here.
  Name of financial institution


  Branch


  Account name (please note that the account you nominate must be your own personal or a joint account to which you are a party)


  BSB number                                    Account number
                  –

  I/We request that you debit my/our account in accordance with the details below.
  Amount to be debited monthly                         Deduction to commence (DD/MM/YYYY)

  $           .                .                         2    0 /             /

  Note: Deductions are always made on the 20th of the month. The commencement date must be at least 10 working days from the date that you sign the form.
                                                                                                                                                              MSUP 29626




Issued by the Trustee of Media Super, Media Super Limited, ABN 30 059 502 948, AFSL 230254

                                                       Please return completed form to:
 offICE USE oNLY:         MS       PS      MC                                                                                                   PAGe 1 oF 2
                                                       Media Super, Locked Bag 1229, Wollongong NSW 2500
Direct debit request form (cont.)
 Declaration
 Please sign and date this form, and return it to the address shown below.
 I/We authorise
 •	 Media Super; Debit User ID 063705 to arrange for funds to be debited from my/our account at the financial institution identified
    over the page and as prescribed there through the Bulk Electronic Clearing System (BECS).
 •	 The Debit User to verify the details of the above-mentioned account with my/our financial institution.
 •	 The financial institution to release information allowing the Debit User to verify the above-mentioned account details.
 This authorisation is to remain in force in accordance with the terms described in the Direct Debit Service Agreement below.
 Applicant’s signature
                                                                                                        Date (DD/MM/YYYY)
  x                                                                                                               /           /
 Signature of joint account holder (if applicable)
                                                                                                        Date (DD/MM/YYYY)
  x                                                                                                               /           /




 Direct Debit Service Agreement
 Why AN AGreemeNt?                                                          BSB Number
 Through the Direct Debit Request (DDR), you are allowing us to             Identifies the bank/ financial institution/state/branch at which your
 debit amounts from your bank/financial institution account. The            account is held. Please contact your bank/financial institution if
 amount, how often and the date we will debit your account depends          you are not sure of this number.
 on what you instruct us to do.
                                                                            Account Number
 ChANGiNG thiS AGreemeNt                                                    Your bank/financial institution account number.
 If the Media Super Trustee wants to change this agreement, we will         Membership Number
 notify you at least 14 days before making any changes to this agreement.
                                                                            Your Media Super membership number.
 iF you WANt to ChANGe your DireCt Debit or
 mAke AN eNquiry                                                            CoNDitioNS oF uSe
 Please contact our Customer Service Staff (see details below)              To cancel or alter your direct debit, you must write to the Media
 if you wish to:                                                            Super Trustee giving details.
 •	 Delay or change your direct debit – you need to advise us at least      There must be enough money in your bank/ financial institution
    ten days before the date on which we are due to debit your bank/        account on each day you have nominated for a deduction to occur.
    financial institution account, or                                       If the deduction is dishonoured three times, this facility will cease
 •	 Cancel the DDr – you need to advise us at least three days              immediately. A dishonour means that the deduction could not be
    before the date on which we are due to debit your bank/financial        made because there was not enough money in the nominated
    institution account, or                                                 account.
 •	 Dispute a debit that has been made from your bank/financial             If all your superannuation benefit is paid from Media Super, this
    institution account – the Trustee will respond to your dispute          deduction facility will cease automatically.
    within five business days.                                              If Media Super is advised of a dishonour after all your superannuation
                                                                            benefit is paid out, you are liable to repay the dishonoured amount
 WeekeNDS AND PubliC holiDAyS                                               to the Trustee.
 We will always try to debit your account on the 20th of the month,
 except when the due date falls on a weekend or public holiday. In          PriVACy
 this case, we will debit your account on the next business day.            Please note that by sending Media Super personal information
                                                                            about yourself (including your bank/financial institution account
 mAke Sure you hAVe eNouGh moNey iN your ACCouNt                            details), you are agreeing to the following:
 You should make sure that you always have enough cleared funds in          1. I have read the Privacy Collection Statement in the Media Super
 your bank/financial institution account for us to debit your account.          PDS and consent to the Trustee collecting, using, disclosing and
 If there isn’t enough money (that is, cleared funds) in your account,          storing my personal information in accordance with the Privacy
 we will still make the debit. But if your bank/financial institution           Collection Statement.
 dishonours the debit, we may pass on to you any dishonour fees
                                                                            2. That Media Super can use my personal information for the
 and/or any costs incurred by the Trustee.
                                                                                purposes of running my superannuation account.
 CheCk thAt you GiVe uS your CorreCt DetAilS                                If you have any questions about your rights under the privacy
 Before completing the Direct Debit request form, please check              legislation, please call Media Super’s Privacy Officer on
 with your bank/financial institution that:                                 (02) 9238 2555. Once completed, please return this form to:
 •	 Your bank/financial institution account accepts direct debiting,        The Administrator
    as some accounts don’t, and                                             Media Super
                                                                            Locked Bag 1229
 •	 The account number you give us is correct (refer to your bank/          Wollongong NSW 2500
    financial institution statement or contact your bank/financial
    institution if necessary).                                              Our Customer Service Staff can be contacted weekdays from
                                                                            8.30am to 5.30pm (AEST) as follows:
 Bank Accounts and Building Society accounts can be nominated. Not
 all Credit Unions support a Direct Debit facility; therefore, you are      Phone: 1800 640 886
 advised to check with your Credit Union before completing this form.       Fax:       1800 246 707



Please return completed form to:
                                                                                                                                       PAGe 2 oF 2
Media Super, Locked Bag 1229, Wollongong NSW 2500
Roll over your
super form
ValiD From 1 JunE 2009



  Please complete this form in BLACk PEN and CAPITAL LETTERS.                       your member No.

  Complete this form if you wish to transfer all or part of your superannuation balances from another superannuation
  fund to your Media Super account. A separate form must be completed for each balance you wish to transfer.
  Media Super does not charge a fee for transfers. Please note that your current superannuation fund may require
  additional information or proof of identity (POI) requirements if you are applying for a partial transfer only.
  Media Super’s Superannuation Product Identification Number (SPIN): PIN0100AU
  Media Super’s ABN: 42 574 421 650
  This form will NOT change the fund to which your employer pays your contributions.
  Complete a Standard Choice Form to change the fund to which your employer pays your contribution.




  WhAt you NeeD to Do
      3 read the ‘important information’ on page 3.                                  3 Sign the declaration.
      3 attach the appropriately certified proof of identity                         3 return the completed form to the address shown below.
         documents.




  Personal details
  you must complete this section and sign the completed form.
  Mr/Mrs/Ms/Miss/Dr                                 Gender                                                            Date of birth (DD/MM/YYYY)

                                                                    Male          Female                                            /     /
  Surname*


  Given names*


  Previous surname


  Previous given names


  Address*


                                                                                                                         State*               Postcode*


  Previous address (the last address registered with Media Super)


                                                                                                                         State                Postcode


  Telephone*                                                                 Mobile number
  (            )
  Tax file number (TFN)


  * Denotes mandatory field. If you do not complete all of the mandatory fields, there may be a delay in processing your request.
                                                                                                                                                                   MSUP 29627




Issued by the Trustee of Media Super, Media Super Limited, ABN 30 059 502 948, AFSL 230254

                                                          Please return completed form to:
 offICE USE oNLY:         MS        PS       MC                                                                                                      PAGe 1 oF 4
                                                          Media Super, Locked Bag 1229, Wollongong NSW 2500
Roll over your super form (cont.)
 Details of old fund
 help us to help you roll over your money more quickly by attaching a copy of your previous fund member statement(s).
 Membership name (if different from above)


 Name of old fund where benefits are held*


 Old fund membership number


 Fund Australian Business Number (ABN)                                           Superannuation Product Identification Number (SPIN)


 Address of previous fund


                                                                                                                         State                 Postcode


 Telephone number of old fund (if known)                                         Value of benefit (approximately)

 (             )                                                                 $                  .                .
 Name of previous employer who contributed to the fund


 Approximate date I left my last employer (DD/MM/YYYY)

           /            /



 Rollover amount
 Please transfer:
      Total balance of account at old fund
      Partial balance of account at old fund $                                             .



 Proof of identity
      I have attached a certified copy of my driver’s licence or passport
 OR
      I have attached certified copies of both:
           Birth/citizenship certificate or Centrelink pension card AND
           Centrelink payment letter or Government or local council notice (within last 12 months) with name and address
 Please refer to the notes on page 4 regarding ‘Proof of identity requirements’ and ‘Certification of personal documents’ for further information.




                                                                                                                                                     PAGe 2 oF 4
 Declaration
 Please sign and date this form, and return it to the address shown below.
 I understand and acknowledge the implications and effects of           •	 I agree that in certain cases Media Super may be required under law
 transferring my benefits from my previous superannuation fund to          to deduct tax from the untaxed portion of the rollover benefit (if any).
 my Media Super account. I do not require any further information to    •	 I approve the deduction of the Benefit Payment Fee (if any) from
 understand the effects of transferring my benefits from my previous       the benefits paid.
 super fund to my Media Super account.
                                                                        •	 I am aware that I may ask my current superannuation provider
 I authorise the Trustee (SPIN: PIN 0100AU) to arrange the rollover        for information about my fees and charges that may apply, or
 of my benefits from my previous fund nominated above into my              any other information about the effect a transfer may have on my
 Media Super account.                                                      benefits, and I do not require any further information.
 I declare that the information I have provided is, to the best of my   •	 I have provided certified evidence of my name change or
 knowledge and belief, true and correct and that I have read and           Guardianship or Power of Attorney if applicable.
 understood the information on this form. In giving this authorisation:
                                                                        •	 I consent to the use and disclosure of information contained in
 •	 I agree that the trustee of my previous fund is discharged from        this form in accordance with the Media Super Privacy Policy.
    any further liability in respect of any amount once it has been
                                                                        •	 I request and consent to the transfer of superannuation as
    rolled over and all reporting requirements have been satisfied.
                                                                           described above and authorise the superannuation provider of
 •	 I understand that both superannuation funds are Regulated Funds.       each fund to give effect to this transfer.
 Applicant’s name


 Applicant’s signature
                                                                                                         Date (DD/MM/YYYY)
  x                                                                                                                /          /



 Important Information
 This transfer may close your account (you will need to check this          thiNGS you NeeD to CoNSiDer WheN trANSFerriNG
 with your old fund). This form can NOT be used to:                         your SuPerANNuAtioN
 •	 transfer benefits if you don’t know where your superannuation is;       When you transfer your superannuation, your entitlements under
 •	 transfer benefits from multiple funds on this one form – a              that fund may cease. You need to consider all relevant information
    separate form must be completed for each fund you wish to               before you make a decision to transfer your superannuation.
    transfer superannuation from;                                           If you ask for information, your superannuation provider must give
 •	 change the fund to which your employer pays contributions on            it to you. Some of the points you may consider are:
    your behalf;                                                            •	 Fees – your old fund must give you information about any exit
 •	 open a superannuation account; or                                          or withdrawal fees. If you are not aware of the fees that may
 •	 transfer benefits under certain conditions or circumstances, for           apply, you should contact the fund for further information before
    example if there is a superannuation agreement under the Family            completing this form. The fees could include administration fees
    Law Act 1975 in place.                                                     as well as exit or withdrawal fees.
                                                                                Differences in the fees that funds charge can have a significant
 WhAt hAPPeNS to my Future emPloyer                                             effect on what you will have to retire on. For example, a 1%
 CoNtributioNS?                                                                 increase in fees may significantly reduce your final benefit.
 Using this form to transfer your benefits will not change the fund to      •	 Death and disability benefits – your old fund may insure you
 which your employer pays your contributions, and it may close the             against death, illness or an accident which leaves you unable to
 account you are transferring your benefits from.                              return to work. If you choose to leave your current fund, you may
 If you wish to change the fund into which your contributions                  lose any insurance entitlements you have.
 are being paid, you will need to speak to your employer about
                                                                            WhAt hAPPeNS iF i Do Not quote my
 Superannuation Choice. For information about whether you are
 eligible to choose the fund to which your employer contributions           tAx File Number (tFN)?
 are made, visit www.superchoice.gov.au or call the Australian              You are not obligated to provide your TFN to Media Super. However,
 Taxation Office on 131 020.                                                if you do not provide your TFN, your contributions may be taxed at
                                                                            the highest marginal tax rate plus the Medicare levy, compared to
                                                                            the concessional super tax rate of 15%.
                                                                            If we do not have your TFN, you will not be able to make personal
                                                                            contributions to Media Super. Choosing to quote your TFN will also
                                                                            make it easier to keep track of your superannuation in the future.
                                                                            Under the Superannuation Industry (Supervision) Act 1993, Media
                                                                            Super is authorised to collect your TFN, which will only be used for
                                                                            lawful purposes. These purposes may change in the future as a
                                                                            result of legislative change. The TFN may be disclosed to another
                                                                            superannuation provider when your benefits are being transferred,
                                                                            unless you request in writing that your TFN is not to be disclosed to
                                                                            any other fund trustee.




Please return completed form to:
                                                                                                                                        PAGe 3 oF 4
Media Super, Locked Bag 1229, Wollongong NSW 2500
Roll over your super form (cont.)

 Proof of identity requirements
 You will need to provide certified documentation       •	 Citizenship certificate issued by the                Have you changed your name, or are you
 with this transfer request to prove that you are the        Commonwealth                                       signing on behalf of the applicant?
 person to whom the superannuation entitlements         •	 Pension card issued by Centrelink that               If you have changed your name, or are signing on
 belong. The following certified documents must              entitles the person to financial benefits          behalf of the applicant, you will need to provide
 be provided with your transfer form:                                                                           one of the following certified documents:
                                                        AND
 either                                                 One certified document from each of the following:      if you have changed your name:
 One of the following certified documents:
                                                        •	 Letter from Centrelink regarding a                   •	 Marriage certificate, deed poll or change of
 •	 Drivers licence issued under State or                    Government assistance payment                         name certificate from Births, Deaths and
   Territory law, or                                                                                               Marriages Registration Office.
                                                        •	 Notice issued by Commonwealth, State or
 •	 Passport                                                 Territory Government or local council within       if you are signing on behalf of the applicant:
 or                                                          the past twelve months that contains your          •	 Guardianship papers or Power of Attorney
 One certified document from each of the following:          name and residential address, i.e. Australian
                                                                                                                These documents are known as ‘linking
                                                             Taxation Office Notice of Assessment or
 •	 Birth certificate or birth extract                                                                          documents’.
                                                             Rates Notice from local council.
                                                                                                                Freecall 1800 640 886



 Certification of personal documents
 All copied papers of original proof of identity        The following persons are eligible to certify           •	 A Commissioner for Declarations (Qld)
 documents or linking documents must be                 copies of original documents as true and                •	 A member of the Institute of Chartered
 certified as true copies by an individual              correct:                                                  Accountants in Australia, the Australian
 approved to do so.                                     •	 A permanent employee of Australia Post with            Society of Certified Practising Accountants or
 Persons who are authorised to certify                       five or more years of continuous service             the National Institute of Accountants with two
 documents must sight the original and the              •	 A finance company officer with five or more            or more years of continuous membership
 copies and make sure both documents are                     years of continuance service (with one or          •	 A person enrolled on the roll of a State or
 identical, then make sure that all copies are               more finance companies)                              Territory Supreme Court or the High Court
 certified as true copies by writing or stamping        •	   An officer with, or authorised representative        of Australia, as a legal practitioner
 ‘certified true copy’ followed by the individual’s          of, a holder of an Australian Financial Services   •	 An Australian consular officer or an
 signature, printed name, qualification and                  Licence (AFSL) having five or more years of          Australian diplomatic officer
 date.                                                       continuous service with one or more licensees
                                                                                                                •	 A judge of the court
                                                        •	   A notary public officer
                                                                                                                •	 A chief executive officer of a
                                                        •	   A police officer                                     Commonwealth Court, or
                                                        •	   A registrar or deputy registrar of a court         •	 A magistrate.
                                                        •	 A Justice of the Peace




Please return completed form to:
                                                                                                                                                     PAGe 4 oF 4
Media Super, Locked Bag 1229, Wollongong NSW 2500
Change of details form
ValiD From 1 JunE 2009



  Please complete this form in BLACk PEN and CAPITAL LETTERS.                    your member No.


  Complete this form if you have any changes to your personal details, nominations of dependants
  or investment choice.



  Changed member details
  Please complete the relevant parts of this section if any of your personal details have changed since you joined media Super.
  evidence of a name change must be attached.
  Mr/Mrs/Ms/Miss/Dr                                                                                   Date of birth (DD/MM/YYYY)

                                                                                                                 /        /
  New surname


  New given names


  New address


                                                                                                         State                Postcode


  New telephone (home)                                           New telephone (work)
  (           )                                                  (           )
  New mobile number


  New email address




  Previous member details
  Please complete the relevant parts of this section if you have changed any of the above details.
  Mr/Mrs/Ms/Miss/Dr                                                                                   Date of birth (DD/MM/YYYY)

                                                                                                                 /        /
  Previous surname


  Previous given names


  Previous address


                                                                                                         State                Postcode


  Previous telephone (home)                                      Previous telephone (work)
  (           )                                                  (           )
  Previous mobile number


  Previous email address
                                                                                                                                                  MSUP 29628




Issued by the Trustee of Media Super, Media Super Limited, ABN 30 059 502 948, AFSL 230254

                                                       Please return completed form to:
 offICE USE oNLY:         MS       PS      MC                                                                                       PAGe 1 oF 4
                                                       Media Super, Locked Bag 1229, Wollongong NSW 2500
Change of details form (cont.)
 Change nomination of preferred beneficiaries
 i wish to nominate the following preferred beneficiaries to receive my death benefit in the event of my death.
 this nomination replaces any earlier nominations i have made.
 1. Full name


 Relationship (e.g. spouse, son, etc.)                                                                                                     Percentage to be paid

                                                                                                                                                          %
 2. Full name


 Relationship (e.g. spouse, son, etc.)                                                                                                     Percentage to be paid

                                                                                                                                                          %
 3. Full name


 Relationship (e.g. spouse, son, etc.)                                                                                                     Percentage to be paid

                                                                                                                                                          %

 If you wish to nominate more than three preferred beneficiaries, please attach a list of the names, relationship to you and the percentage
 of benefit to be paid to each additional beneficiary, and date and sign it. the percentages you specify must total 100%.
 Please note: This nomination is not binding on the Trustee, but the Trustee will take your wishes into account in determining to whom to pay your death benefit.




 Change member investment choice
 read the ‘investment options’ section of the media Super PDS before making your decision.
 Invest 100% in one investment, or mix and match them in any proportion you like.
 A switching fee of $30 will be deducted from your member account whenever you vary the investment options of your current balance.

                                                                                               SUPER                                     PENSIoN

                                                                                     Current            future                   Current            future
 PRE-MIxED                                                                           balance         contributions               balance         contributions

 balanced – 70% growth assets / 30% defensive assets                                            %                   %                       %                   %

 high Growth – 95% growth assets / 5% defensive assets                                          %                   %                       %                   %

 Growth – 85% growth assets / 15% defensive assets                                              %                   %                       %                   %

 Stable – 30% growth assets / 70% defensive assets                                              %                   %                       %                   %

 SINGLE ASSET

 Australian Shares – 95% growth assets / 5% defensive assets                                    %                   %                       %                   %

 overseas Shares – 95% growth assets / 5% defensive assets                                      %                   %                       %                   %

 Sustainable Future Shares – 95% growth assets / 5% defensive assets                            %                   %                       %                   %

 Property – 95% growth assets / 5% defensive assets                                             %                   %                       %                   %

 Fixed interest – 100% defensive assets                                                         %                   %                       %                   %

 Cash – 100% defensive assets                                                                   %                   %                       %                   %

 ToTAL (must add up to 100%)                                                     1    0     0 %       1    0    0 %          1    0     0 %      1    0     0 %




                                                                                                                                                      PAGe 2 oF 4
Change your pension drawdown strategy
you can change which of your pension account investments are drawn on to form your pension payments.
PRE-MIxED                                                                                      Drawdown Strategy

balanced – 70% growth assets / 30% defensive assets                                                              %

high Growth – 95% growth assets / 5% defensive assets                                                            %

Growth – 85% growth assets / 15% defensive assets                                                                %

Stable – 30% growth assets / 70% defensive assets                                                                %

SINGLE ASSET

Australian Shares – 95% growth assets / 5% defensive assets                                                      %

overseas Shares – 95% growth assets / 5% defensive assets                                                        %

Sustainable Future Shares – 95% growth assets / 5% defensive assets                                              %

Property – 95% growth assets / 5% defensive assets                                                               %

Fixed interest – 100% defensive assets                                                                           %

Cash – 100% defensive assets                                                                                     %

ToTAL (must add up to 100%)                                                                        1    0    0 %

Note: If you do not nominate a drawdown strategy, your pension payments will be formed by drawing on all of your investments in equal proportions.




Change your pension payment
you can change the frequency of your pension payments here.
Please tick (3) the appropriate box:

     Monthly                   Quarterly               Half-yearly                 Yearly
if you wish to change your pension payment, the amount must fall within the minimum and maximum Government limits.
Please refer to the media Super PDS for further details.

Please tick (3) the appropriate box:

     Minimum                     Maximum (Transition to Retirement Pension only)                  Specified amount $                                 .
                                                                                                  (for the financial year)
I understand that Pay-As-You-Go (PAYG) tax may be deducted where applicable, and that if PAYG tax applies, I will receive an income tax
Payment Summary at the end of each financial year.
Note: No tax is payable if you are aged 60 or over.




Insurance
Please refer to Part 2 of the media Super PDS for details of insurance cover.

     I wish to alter or increase my insurance cover – contact media Super on 1800 640 886 to obtain the appropriate forms
     I wish to cancel my Death and Total and Permanent Disablement (TPD) insurance cover
     I wish to cancel my Income Protection insurance cover




                                                                                                                                                     PAGe 3 oF 4
Change of details form (cont.)
 Declaration
 Please sign and date this form, and return it to the address shown below.
 I declare that I have read the Media Super PDS and understand the      DireCt mArketiNG
 effect of my Change of Details request.                                From time to time, Media Super may send its members communication
 I understand that my requested change will generally take effect       material, also known as direct marketing material, about special offers
 from the date on which my Change of details form is processed.         and promotions, which are available to Media Super members only.
 However, for applications for any increase in insurance cover, the     •	 tick this box, if you are happy for Media Super
 change will take effect once the Trustee has notified me in writing.        to use your information to send you direct
 PriVACy                                                                     marketing information.                                       YES
 I have read and understood the Privacy Collection Statement            •	 tick this box, if you DON’T want Media Super to
 contained in the Media Super PDS, and consent to Media Super                use your personal information to send you direct
 collecting, using, storing and disclosing personal information about        marketing information.                                        NO
 me in accordance with the Privacy Collection Statement.
                                                                        Whatever you decide, you will have the opportunity to
                                                                        change your mind at any time.

 Applicant’s signature
                                                                                                      Date (DD/MM/YYYY)
  x                                                                                                             /         /




Please return completed form to:
                                                                                                                                    PAGe 4 oF 4
Media Super, Locked Bag 1229, Wollongong NSW 2500
Choice of superannuation fund
Standard choice form
ValiD From 1 JunE 2009



  Please complete this form in BLACk PEN and CAPITAL LETTERS.                  your member No.


  RETURN THIS foRM To YoUR EMPLoYER.
  Have you previously registered as a member of Media Super?                           YES          NO
  Are you a current member of Media Super?                                             YES          NO




  OPTION 1: You do not have to choose a fund
  If you do not make a choice, your employer’s contributions will be             more iNFormAtioN
  paid into the fund that your employer has chosen (see Section 1                You can get more information about choice of superannuation fund
  on the reverse side of this form). This may not be the same as your            or superannuation in general from:
  current fund.
                                                                                 •	 www.superchoice.gov.au, or
  Your employer’s chosen fund may be suitable for your needs.
  You can choose a different fund later if you like.                             •	 by phoning 132 864
  If you do not want to choose a fund, you do not have to complete this          If you do not speak English well and want to talk to an Australian
  form.                                                                          Government officer, phone the Translating and Interpreting Service
                                                                                 on 131 450 for help with your call.
  •	 Your employer is not liable for the performance of superannuation
     funds that you choose or they choose on your behalf.                        If you have a hearing or speech impairment and have access to
                                                                                 appropriate TTY or modem equipment, phone 133 677.
  •	 Do not seek financial advice from your employer unless they are
      licensed to provide it.                                                    If you do not have access to TTY or modem equipment, phone the
                                                                                 Speech to Speech Relay Service on 1300 555 727.




  OPTION 2: Choose a fund
  you can choose the superannuation fund where you want your future employer contributions to be paid.
  your employer is only required to accept one choice every 12 months.

     Step 1                                               Step 2                                              Step 3

  GAther iNFormAtioN –                                 WhAt Do i NeeD to tell                               WhAt hAPPeNS to ANy
  Work out WhAt’S beSt For you                         my emPloyer?                                         SuPerANNuAtioN i hAVe
  You will need to find out what                       Give your employer details of your chosen            iN exiStiNG FuNDS?
  superannuation options are available                 fund by completing Section 2 of this form            Any money you have in existing funds
  to you. Find out about the features and              overleaf or by a written statement including         will remain there unless you make
  benefits of your current fund, the fund              the necessary information. This information          arrangements to transfer it (roll over) to
  chosen by your employer and any other                may be provided by your chosen fund.                 another fund. Check the impact of any exit
  funds you are considering. Your current              Section 1 shows details of your employer’s           fees or benefits that you may lose before
  fund may be different to the fund chosen             superannuation arrangements. This                    leaving the fund. Your employer cannot do
  by your employer.                                    includes the fund that your employer has             this for you.
  The ‘Tips’ section below highlights                  chosen to make all future superannuation
  key issues you should consider when                  guarantee contributions to. If your
  comparing funds.                                     employer has changed funds recently, the
                                                       previous fund will also be shown. You may
                                                       choose to remain in this previous fund.



  Tips for comparing funds
  Fees: Most funds charge fees. Differences in the fees that funds               investment choice: Some funds let you choose where the fund
  charge can have a big effect on what you may have to retire on.                will invest your super. Some choices offer higher returns, but with
  This effect may be more than you think, and for this reason you                a higher risk that investments may go down as well as up. Other
  need to consider what fees are being charged. For example, your                choices offer greater security, but with lower expected returns.
  final return could be reduced by up to 20% over 30 years if your total         Choose the level of risk and return that you are comfortable with.
  fees and costs amount to 2% rather than 1% (e.g. from $100,000                 investment performance: Superannuation is a long-term investment
  to $80,000). Some funds may also charge an exit fee if you leave               for your retirement, so its investment performance needs to be
  the fund.                                                                      judged over the long term. Short-term performance, whether good or
  Death and disability insurance: Your current fund may insure you               bad, may not be repeated. There is no guarantee that a fund that has
  against death or an illness or accident that makes you unable to               performed well in the past will do so in the future.
  return to work. Other funds may not offer insurance, or you may                The information you’ll need to make these checks is in each fund’s
  have to pass a medical examination before they cover you. Check                product disclosure statement, which you can get from the fund.
  if you’ll be covered in any new fund, and the costs and amount of              For further information on choosing a fund, go to the website
  cover, before leaving your current fund.                                       www.superchoice.gov.au or phone 132 864.
                                                                                                                                                            MSUP 29629




Issued by the Trustee of Media Super, Media Super Limited, ABN 30 059 502 948, AFSL 230254

                                                    RETURN THIS foRM To YoUR EMPLoYER AND kEEP A CoPY foR YoUR RECoRDS.
 offICE USE oNLY:         MS       PS      MC                                                                                                 PAGe 1 oF 4
                                                    Do Not send this form to the Australian taxation office or to your superannuation fund.
Standard choice form (cont.)
  Section 1: Employer to complete
  Give this form to your employee after you have completed Section 1. You must keep a copy for your own records for five years.
  1. Employer details



  Employer Australian Business Number (ABN)
  2. Employer Superannuation Guarantee contributions will be made to the following fund:
  Fund name                                                                   Superannuation product identification number (if applicable)



  To access the product disclosure statement for this fund (if applicable) phone

  Or visit the fund’s website
  3. Employer Superannuation Guarantee contributions have previously been made to:
  If the employer fund has not changed, please write ‘as above’ in fund name box below.
  Fund name                                                                       Superannuation product identification number (if applicable)



  To access the product disclosure statement for this fund (if applicable), phone

  Or visit the fund’s website
  4. Employer contributions
  Are superannuation contributions for the employees currently made at a higher level than the required 9%?                         YES          NO
  If ‘Yes’, will superannuation contributions continue at this higher level if the employee chooses a fund
  other than the fund named in Section 1, Part 2?                                                                                   YES          NO
  Note that this statement does not alter an employer’s legal obligations (if any) relating to future payments.


  Section 2: Employee to complete
  only complete this section if you are making a choice.
  1. I request that all future superannuation guarantee contributions be made to:
       My employer’s previous superannuation fund named in Section 1, Part 3. Go to Part 4 below.
   x   My own choice of fund. Complete Parts 2, 3 and 4 below.
  2. My chosen fund details:
  Fund name                                                                                   Membership No. (if applicable)
   m    e    D    i    A        S    u    P   e       r
  Superannuation product identification number (if applicable)                                Telephone
   P    i    N    0    1    0   0    A    u                                                       1   8    0    0       6   4       0     8      8    6
  Account name                                                                          Fund Australian Business Number (ABN) (if applicable)
                                                                                          4   2       5    7    4       4   2       1     6     5     0

  3. I have attached:
   x A letter from the trustee of the fund named in Section 2, Part 2 stating that this is a complying fund, and (for a self-managed
        superannuation fund) a copy of documentation from the Australian Taxation Office confirming that the fund is regulated, and
   x   Written evidence from the fund stating that they will accept contributions from my employer, and
   x   Details about how my employer can make contributions to this fund.
  4. Employee name                                                                                Employee number (if applicable)



  Tax File Number (TFN)
  Applicant’s signature
                                                                                                          Date (DD/MM/YYYY)
   x                                                                                                                /           /



  Section 3: Employer to complete

  Date accepted (DD/MM/YY)            /           /                         Date processed (DD/MM/YY)               /           /


RETURN THIS foRM To YoUR EMPLoYER AND kEEP A CoPY foR YoUR oWN RECoRDS.
                                                                                                                                              PAGe 2 oF 4
Do Not send this form to the Australian taxation office or to your superannuation fund.
Information for employers:
How you can make contributions to Media Super
 Media Super’s easy pay options for employers
 With media Super, there are four ways in which you can process and pay your employees’ super contributions.
 Each option offers unique advantages depending on the size of your business and the structure of your payroll system.


  CoNtributioN oPtioN                ADVANtAGeS                              SuitAble For:            PAymeNtS CAN be mADe ViA:

  1. online account                  •	 Simple to use and secure.            •	 1 to 30 employees     •	 Cheque made payable to
  Submit contributions via the       •	 System allows you to modify                                      Media Super and sent to:
  secure Employers section of          employee contribution amount                                      locked bag 1229
  the Media Super website at           details electronically and to view                                Wollongong NSW 2500
  www.mediasuper.com.au.               a history of the contribution                                  •	 Electronic Funds Transfer
                                       advices that you have submitted                                   (EFT) / Direct Deposit
                                       to Media Super.                                                •	 Direct Debit

  2. Payroll link                    •	 Upload directly from your payroll    •	 Any number of         •	 Cheque made payable to
  Report your contributions             system, saving you time and            employees                 Media Super and sent to:
  using popular payroll systems.        effort.                                                          locked bag 1229
  Completed files are submitted      •	 Minimises the chance of errors,                                  Wollongong NSW 2500
  via Media Super’s website             as data is copied straight from                               •	 Electronic Funds Transfer
  www.mediasuper.com.au.                your system to Media Super.                                      (EFT) / Direct Deposit
                                                                                                      •	 Direct Debit

  3. Microsoft ExcelTM               •	 Easy to use – popular software       •	 Any number of         •	 Cheque made payable to
  spreadsheet                           application that many employers        employees                 Media Super and sent to:
  This spreadsheet can be               are familiar with.                                               locked bag 1229
  downloaded from the secure         •	 Media Super can send you a                                       Wollongong NSW 2500
  Employers section of the              pre-formatted sheet with user                                 •	 Electronic Funds Transfer
  Media Super website at                instructions to get you started at                               (EFT) /Direct Deposit
  www.mediasuper.com.au                 no cost.                                                      •	 Direct Debit
  and saved onto your PC.
  Completed files can be
  submitted via the Media
  Super website.

  4. Paper-based                     •	 Easy to use.                         •	 1 to 30 employees     •	 Cheque made payable to
  Use Media Super’s                  •	 Good for small employers who                                     Media Super and sent to:
  Contribution Advice or your          do not have Internet access or                                    locked bag 1229
  own internally produced              a computerised payroll system,                                    Wollongong NSW 2500
  report.                              or for those who would prefer to                               •	 Electronic Funds Transfer
                                       use a manual form.                                                (EFT) / Direct Deposit
                                                                                                      •	 Direct Debit

 For more information on any of these options, phone Media Super on 1800 640 886 or visit
 our website at www.mediasuper.com.au




                                                                                                                                  PAGe 3 oF 4
Complying fund letter

    1 June 2009



    To whom it may concern


    Media Super is a complying, resident, regulated superannuation fund under the Superannuation Industry (Supervision)
    Act 1993 (SIS Act) and is constituted under a trust deed dated 28 January 1981, as amended from time to time.
    The trustee of Media Super is Media Super Limited ABN 30 059 502 948 (Trustee).
    Media Super meets the minimum insurance standards required to be considered a default fund under the member
    super choice laws.
    In the event that Media Super’s complying status is revoked, the Trustee would receive notice to that effect under
    section 63 of the SIS Act. This would mean Media Super could not receive any further contributions. The Trustee
    confirms that it has not received nor does it expect to receive any such notice.



         FuND DetAilS
         Fund Name:                                                           Media Super
         Australian business Number (AbN):                                    42 574 421 650
         Superannuation Product identification Number (SPiN):                 PIN0100AU
         Fund Contact Details:                                                Locked Bag 1229
                                                                              Wollongong NSW 2500
                                                                              Telephone: 1800 640 886
                                                                              Facsimile: 1800 246 707
                                                                              Website: www.mediasuper.com.au



    Media Super is able to accept contributions from employers on behalf of their employees.
    Details of how an employer can make contributions to Media Super are detailed overleaf.



    Yours faithfully,




    ross martin
    For and on behalf of the Trustee
    Media Super Limited




RETURN THIS foRM To YoUR EMPLoYER AND kEEP A CoPY foR YoUR oWN RECoRDS.
                                                                                                                         PAGe 4 oF 4
Do Not send this form to the Australian taxation office or to your superannuation fund.
Notes:
Notes:
                                                                                                                   49




Extra membership
benefits for you
As a Media Super member, you can access a range of helpful
and cost-effective services such as the ones listed below.




banKinG                                                 Financial PlanninG
As a member of Media Super you have access to
                                                        Industry Fund Financial Planning (IFFP) can provide
Super Members Home Loans, a range of discounted
                                                        you with financial planning advice regarding your super.
home loans provided by Members Equity Bank.
                                                        This service can help you navigate all of your super
The Super Members Home Loan range was created           decisions, including:
in 1994 to provide working Australians with access to
                                                           Which investment option is right for me?
home loans. Today, the SMHL is one of a range of
low-cost banking products offered by Members Equity        How much can I salary sacrifice?
Bank.                                                      I’m retiring soon – what should I do with my super?
Other products include the InterestME Savings              How much tax will I pay if I take my super as a
Account, Online Savings Account, Personal Loans,           lump sum vs a pension in retirement?
Term Deposits and the ME Mastercard.                       How can I use my super to maximise the
                                                           Government Age Pension?
                                                           I’ve heard you can keep working and access your
  To find out more:                                        super through a transition to retirement pension if
                                                           you’re aged over 55. Does this apply to me?
  Visit www.membersequitybank.com.au
  or phone 131 563.                                        How much insurance cover should I have?
                                                        Our financial planners can also offer financial advice
                                                        on issues other than super – including full financial
                                                        plans. IFFP does not accept commissions to
                                                        recommend any particular product or service and
                                                        operate on a fee-for-service basis. This means the
                                                        cost for your financial advice is based only on the
                                                        amount of time and work that needs to be done,
                                                        not the amount of money you have to invest.

                                                        Your first one-hour appointment with an IFFP
                                                        financial planner is free of charge and obligation.
                                                        If you then wish to seek financial advice, a full quote
                                                        disclosing all costs is provided to you for approval
                                                        before hand.
                                                        No hidden charges, no commissions and no ongoing
                                                        fees.



Please note: The information detailed in                  To find out more:
this section is provided by the service                   How our financial planners can help you,
providers and not the Media Super                         contact IFFP on 1300 138 848 or visit
Trustee.                                                  www.iffp.com.au.
                                                                                                                                                                           Publicity Works 03 9347 3755 MSUP 28994
       Compare
       the pair
        both members in this example are
        on the same income, are the same
        age and make the same super
        contributions – but look at what
        current fee differences could mean
        over 30 years.*

                                                                                                            Average Media Super member




                                                                       Average retail master trust member




  * the comparison shows projected outcomes, applying current fees for media Super’s balanced investment option and today’s average fees
    of a sample of 16 retail master trusts over 30 years. Differences in fees may change in the future and this would alter the outcome.
  the amounts are not predictions or estimates of actual outcomes. outcomes will vary between individual funds. research and modelling current at
  31 march 2009 by Superratings, commissioned by media Super.
  above example is a comparison of two employees that assumes same starting account balance of $50,000; same income of $58,000; 2.5% inflation rate; 3.5% salary
  increase per annum; 9% superannuation guarantee contributions; no additional salary sacrifice or voluntary contributions; 15% contributions tax; employer asset
  sizes accumulated at 11.6% per annum; investment return of 7.225% (gross of taxes and fees at 8.5%, but with taxes of 15% deducted); explicit costs deducted from
  members’ accounts (e.g. member fees) subject to a 15% tax allowance; contribution fees, entry fees, exit fees, additional adviser fees are excluded from calculations;
  employer asset size $150,000. consider your own objectives, financial situation and needs before making a decision about superannuation, because they are not
  taken into account in this information. you should consider the Product Disclosure Statement as a whole before making an investment decision.




HoW To CoNTACT US
mail:      Media Super Limited
           Locked Bag 1229, Wollongong NSW 2500
Phone: 1800 640 886
Fax:       1800 246 707
email:     administration@mediasuper.com.au
Website: www.mediasuper.com.au

				
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