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July 2019

welcome to your latest member update!

Happy new financial year!
The returns in the previous quarter were sound and reflected an improvement over the first half of the 2019 financial year. Subsequently, we are very pleased to advise that overall returns for the year were positive and broadly in line with our objectives.
Your annual statement is being prepared to update you about your super account, and you can expect to receive it during September. This is a great time to log into Member Online and check your contact details are current to ensure your statement reaches you safely. And did you know that you can choose to receive your statement, your report or both electronically now? You can let us know on the contact details page of Member Online.
Please take the time to read the notices below as there are some important changes to your account that you need to understand - starting with a fee reduction in August!
Australian notes of various denominations
--- REDUCED INVESTMENT FEES! ---
Effective 1 August 2019, all AvSuper accumulation and income stream members will have a reduction in fees for their investment options.

Businessman showing passport
--- SIMPLER ID CHECKS ---
To protect your money, we only release any super savings after verifying the correct person is making the request. As of 1 July, you can now provide certain details (eg passport or licence number) and authorise a check instead of arranging certified copies of ID. All relevant forms have been updated with these details for you.
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--- KEEP YOUR INSURANCE ---
From 1 July 2019, if your account is inactive (ie not received any contributions or rollovers for 16 months) your insurance cover will cease unless you elect to maintain it.
To keep your cover
- make a contribution to your account
- use our online form to elect to maintain insurance cover
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--- KEEP YOUR ACCOUNT ACTIVE ---
From 1 July 2019, if your account is inactive low balance (so under $6,000 balance and no listed activities for at least 16 months), your account will be closed and moved to the ATO.
To keep your account active you can...
- use our online form to tell us to keep your account open
- make a contribution
- make an investment choice
- adjust (but not cancel) your insurance
- make or change a binding nomination of beneficiary

Investment returns (net of investment fees and taxes) to 30 June 2019

Option
5 year return
(annualised)
FYTD
Quarter
Growth (MySuper)#
7.5%
6.3%
3.7%
Conservative Growth
4.3%
4.5%
2.0%
Stable Growth
5.6%
5.3%
2.5%
Balanced Growth*
-
5.6%
3.0%
Diversified Index*
-
-
-
High Growth
8.8%
6.6%
4.5%
Australian Shares
7.9%
5.9%
6.7%
International Shares
9.2%
6.5%
2.4%
Cash
1.9%
1.8%
0.5%
You can view our weekly returns online at any time.
Past performance may not be an indicator of future performance. Taxes generally do not apply for income stream accounts.
# Your income stream will be invested in our Growth (MySuper) option if you don’t make an investment choice.
* The Balanced Growth option was introduced on 1 July 2015 and the Diversified Index option was introduced on 1 July 2019
The investment returns for the quarter and the financial year to date detailed above are real investment returns for the period shown, not annualised or ‘per annum’ returns which may differ from the numbers above.
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Contact us
p. 1300 128 751
e. avsinfo@avsuper.com.au web. www.avsuper.com.au
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This information is of a general nature only and does not take into account your personal objectives, situation or needs. Before making a decision about AvSuper, consider your requirements, our privacy statement and the relevant Product Disclosure Statement (PDS). For a copy call us or download one from www.avsuper.com.au. AvSuper Pty Ltd (ABN 46 050 431 797, AFSL 239078) is the Trustee of the is the Trustee of the AvSuper Fund (ABN 84 421 446 069).