Non-material changes to Product Disclosure Statements

The following non-material changes have been made since the relevant Product Disclosure Statement (shown below) was published. This complies with ASIC Corporations (Updated Product Disclosure Statements) Instrument 2016/1055.
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Your guide to AvSuper Membership

1 August 2019

Change on page 9, in the AvSuper fees table – the investment fee is now 0.73%

Change on page 9, in the example of annual fees and costs table, the investment fee is 0.73% and the table appears:

EXAMPLE – the Growth (MySuper) investment option Balance of $50,000
Investment fees  0.73% pa of assets  For every $50 000 you have in the Growth (MySuper) option you will be charged $365* each year 
PLUS Administration fees

 $1.15 per week and

 

0.23% pa of account

 AND you will be charged $59.80* each year regardless of your balance plus $115* in administration fees 
PLUS indirect costs for Growth (MySuper) 0.18% AND indirect costs of $87.52 each year will be deducted from your investment 
EQUALS cost of fund    If your balance was $50,000, then for that year you will be charged fees of $627.32* for Growth (MySuper).

*Other fees may apply, such as Family Law Settlements. Note that indirect costs change year to year depending on underlying Investment trading and costs. Please refer to our Income Stream account fees page if you have or are considering an income stream.

 

Cover of A guide to AvSuper for Corporate Members

Your guide to AvSuper Corporate Membership

1 August 2019

Change on page 9, in the AvSuper fees table – the investment fee is now 0.73%

Change on page 9, in the example of annual fees and costs table, the investment fee is 0.73% and the table appears:

EXAMPLE – the Growth (MySuper) investment option Balance of $50,000
Investment fees  0.73% pa of assets  For every $50 000 you have in the Growth (MySuper) option you will be charged $365* each year 
PLUS Administration fees

 $1.15 per week and

 

0.23% pa of account

 AND you will be charged $59.80* each year regardless of your balance plus $115* in administration fees 
PLUS indirect costs for Growth (MySuper) 0.18% AND indirect costs of $87.52 each year will be deducted from your investment 
EQUALS cost of fund    If your balance was $50,000, then for that year you will be charged fees of $627.32* for Growth (MySuper).

*Other fees may apply, such as Family Law Settlements. Note that indirect costs change year to year depending on underlying Investment trading and costs. Please refer to our Income Stream account fees page if you have or are considering an income stream.

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Your guide to AvSuper for Income Stream Members

1 August 2019

Change on page 9, in the AvSuper fees table – the investment fees are now as follows:

Option Investment fee
High Growth 0.78%
Growth 0.73%
Balanced Growth 0.66%
Stable Growth 0.58%
Conservative Growth 0.47%
International Shares 0.75%

Change on page 9, in the example of annual fees and costs table, the investment fee is 0.66% and the table appears:

EXAMPLE – the Balanced Growth investment option Balance of $50,000
Investment fees  0.66% pa of assets  For every $50 000 you have in the Balanced Growth option you will be charged $330*each year 
PLUS Administration fees

 $1.15# per week and

 

0.18% pa of account

 AND you will be charged $59.80* each year regardless of your balance plus $90* in administration fees 
PLUS indirect costs for Balanced Growth 0.19% AND indirect costs of $95 each year will be deducted from your investment 
EQUALS cost of fund    If your balance was $50,000, then for that year you will be charged fees of $574.80* for Balanced Growth.

*Other fees may apply, such as Family Law Settlements. Note that costs for each $50,000 invested in the Cash (23%) and Balanced Growth (77%) options (our Income Stream default investment strategy) would be approximately $481.65 (as indirect costs would be $73.15 ($0 for Cash and $73.15 for Balanced Growth). Please note that indirect costs change year to year depending on underlying Investment trading and costs.

# If you have more than one Income Stream account with AvSuper, the Administration fee of $59.80 applies to each account.

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AvSuper Defined Benefit and CSS Member Guide

No changes have been made

Phone 1300 128 751 (Local call)
Email:
avsinfo@avsuper.com.au