Member Benefit Protection (MBP)

Under MBP legislation, for accounts of less than $1,000, the member fee in any one year must not exceed the investment returns earned by the account in that same year, subject to a minimum fee of $10 which may be applied in years of low investment returns.

Eligible Rollover Fund (ERF)

If your super account balance falls below $1,000 and you no longer work for a Catholic Super participating employer, then you may:

• Ask your new employer to send your contributions to your Catholic Super account
• Make a contribution or roll over benefits from other super funds to Catholic Super, in order to maintain a balance of more than $1,000
• Roll your benefit out of Catholic Super into another fund.

If none of these events occurs within 6 months of the most recent contribution being paid into Catholic Super on your behalf, or you become a ‘lost’ member and your account balance is less than $9,500, any insurance cover you have will stop, and your super account balance will be transferred to:

AUSfund Australia’s Unclaimed Super Fund PO Box 2468 Kent Town  SA  5071 Phone: 1300 361 798 Fax: 1300 366 233 International phone: +61 8 8205 4953 International fax:  +61 8 8205 4990 Email:  admin@ausfund.net.au Internet:   www.ausfund.net.au

These transfers are processed by Catholic Super on a quarterly basis. If your account is transferred to AUSfund you will cease to be a member of Catholic Super.

AUSfund has a low fee structure designed to protect members with small balances. All members’ balances are member protected, which means that administration charges will generally not be more than interest earned.  Most members will continue to accumulate interest in AUSfund.  AUSfund does not offer insurance cover.

We encourage you to obtain a Product Disclosure Statement (PDS) from AUSfund.