diy superservice · smsfs allow you to exercise a high level of control over fund issues such as...

SUPERANNUATION

August 2011

DIY SuperService Service Guide

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OnePath is one of Australia’s leading providers of wealth, insurance and advice solutions. We have been helping Australians grow and protect their wealth for over 130 years, previously as Mercantile Mutual and more recently as OnePath Australia.

Now as a wholly owned subsidiary of Australia and New Zealand Banking Group Limited (ANZ), OnePath operates as part of ANZ’s specialist wealth management and protection business.

ANZ is a leading global and local bank with operations in more than 32 countries including Australia, New Zealand, Asia, the Pacific, the Middle East, Europe and America. ANZ provides products and services to more than 5.7 million retail customers worldwide and employs over 39,000 people.

OnePath has a comprehensive range of wealth and insurance products available through financial advisers or direct to customers making it easier for you to find the solution that best suits your needs.

At OnePath we value and appreciate our customers, our staff and the communities we operate in. We are committed to acting with the highest standards and to meeting our corporate responsibilities. We also encourage and support staff involvement in volunteering and charitable activities supporting the wider community.

OnePath actively participates in forums looking at regulatory and industry change. We also regularly review and conduct research to ensure we are attuned to changing customer and market needs.

Social and environmental responsibilitiesAt OnePath Australia we value and appreciate our people, our customers, the environment and the society we live and operate in. We are committed to acting ethically to meet our social and environmental responsibilities.

We are actively involved in the community through charitable programs and sponsorships, supporting a range of Australian charities through the OnePath Foundation. The Foundation was established in 1978 and manages an ongoing program of grants to charitable causes and cultural institutions. All employees are encouraged to donate their time and skills through fundraising and volunteering programs with charity partners.

By combining our resources with the wider community we can truly make a difference to the lives of others.

About OnePathOur global strength and expertise can help you grow and protect your wealth.

OnePath. Experts in superannuation,

investment and insurance.Powered by Super ConceptsDIY SuperService is a self managed superannuation fund (SMSF) administration service provided by Super Concepts Pty Ltd (Super Concepts) (ABN 67 007 437 907), a wholly owned subsidiary of OnePath Australia Limited (OnePath), and a Corporate Authorised Representative of RI Advice Group Pty Limited (ABN 23 001 774 125 AFSL 238429).

Super Concepts has been operating since 1985 and specialise in establishing and managing legislative reporting for SMSFs.

This Guide has been prepared and issued by Super Concepts and is intended for general information only and has been prepared in good faith based on Super Concepts’ understanding of superannuation and taxation laws.

No person should rely on the contents of this Guide without first obtaining independent professional advice from a qualified professional person. Super Concepts and its related companies expressly disclaim all and any liability and responsibility to any person, whether a reader of this Guide or not, in respect of anything, and of the consequences of anything, done or omitted to be done by any such person in reliance whether wholly or partially, upon the whole or any part of this publication.

We believe that the information given herein is accurate and reliable at the time of writing, but no warranty of accuracy or reliability is given and no responsibility in any other way for errors or omissions (including responsibility to any person by reason of negligence) is accepted by Super Concepts, any employee of Super Concepts Pty Ltd or OnePath and its related companies.

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All about Self Managed Superannuation Funds 4

The DIY SuperService solution 6

Features at a glance 8

Setting up your Fund 9

The Trust Deed 10

Your Fund Operating Account 11

Choosing your investments 12

End of financial year administration 14

Fees and charges 15

How are the fees calculated 18

Other important information 20

Getting started 24

Application forms 25

Contents

DIY SuperService

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All about self managed superannuation funds

Is an SMSF right for you?Managing your own superannuation may not suit everyone – but if you’re one of an increasing number of Australians wanting to take control of your retirement planning, a self managed superannuation fund (SMSF) may just be the answer.

BenefitsAcknowledged as one of the most tax effective structures for wealth creation, SMSFs offer a number of key benefits, including:

Control

SMSFs allow you to exercise a high level of control over fund issues such as the fund membership, the structure of the portfolio and timing of investments. As a result SMSFs are generally suited to people who like to invest directly and make their own decisions about when and where to invest. You may seek guidance from investment professionals from time to time, but the ultimate decision is your own.

Flexibility

As a Trustee of an SMSF you are able to consider a greater range of investment opportunities unique to SMSFs. These investments may include assets that are connected to your business, such as commercial property.

It may also be possible to make contributions to the fund by transferring certain personal investments to the fund. There are restrictions on the types of investments that can be transferred but managed investments and listed shares can generally be transferred.

Tax savings

An SMSF is intended to be used to accumulate assets during your working life and to provide income during retirement. This places you in an excellent position to plan the buying and selling of SMSF investments for maximum tax efficiency. When you commence an income stream there is no need for the SMSF to automatically sell down investments to fund your pension payments. Investments can be retained in the SMSF and sold as required in pension mode when the SMSF is exempt from tax.

Cost

Most fees and charges associated with an SMSF are fixed costs. This means the cost can be the same for an SMSF with $100,000 as it can be for an SMSF with $1 million. Therefore, as the SMSF balance grows over time, the cost of running the SMSF decreases as a percentage of the fund balance.

The cost savings from administering the SMSF yourself are largely dependent on the number of assets in your SMSF, the fees and charges of various services and how much of the administration you can do yourself. When trying to quantify the cost savings of an SMSF compared with other types of superannuation funds, don’t forget to factor in the amount of work involved and the time devoted to running the SMSF.

With added control, flexibility and potential cost savings, SMSFs provide a number of advantages over other superannuation funds.

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What is an SMSF?An SMSF, in simple terms, is a superannuation fund established for one to four members. The members can be individuals, families and business partners that want to grow and manage their future wealth by creating their own super fund.

The key things to remember are:

• the money in an SMSF is held in trust for the members of the fund (you)

• an SMSF and its assets are controlled by trustees (you)

• the fund must be run in accordance with the superannuation and tax legislation

• the SMSF receives contributions and rollovers and trustees decide how the money is invested

• when a member is allowed to access their super, the trustees can pay this money as a lump sum or as a pension.

Who can be a trustee?Any person over the age of 18 can be a trustee of an SMSF provided they are not a disqualified person or under a legal disability.

You cannot be a trustee of an SMSF if you:

• are insolvent (i.e. bankrupt)

• have been convicted of an offence involving dishonest conduct (against the Commonwealth, State, Territory or foreign country)

• have a civil order made against you.

Who are the members?Members of an SMSF are also the trustees of the SMSF, so they control how contributions are invested and how benefits are paid, subject to regulatory controls. SMSFs must comply with the following restrictions:

• must have no more than four members

• every member must be a trustee of the SMSF or a director of the corporate trustee

• no member of the SMSF can be an employee of another member of the SMSF, unless the members concerned are relatives, and

• trustees of the SMSF must not receive any remuneration for their services as trustee.

Special rules apply for single-member SMSFs which may allow a non-member to act as trustee or director of the corporate trustee.

Who regulates SMSFs?As trustees of the SMSF, members of an SMSF maintain complete control over the investments of the SMSF and the provision of benefits as well as being responsible for the ongoing compliance of the SMSF. The governing legislation for SMSFs is the Superannuation Industry (Supervision) Act 1993 (SIS), known as the SIS Act.

The Australian Taxation Office (ATO) regulates SMSFs via the SIS Act and offers extensive advice on whether an SMSF may be suitable for you (see www.ato.gov.au for further information). The ATO has the right to audit SMSFs for tax compliance and to ensure that the SMSFs are being used to effectively provide for retirement.

What are the trustee responsibilities?Trustees normally have responsibility for all aspects of running the SMSF, including:

• maintaining all records of the SMSF

• establishing and implementing the SMSF’s investment strategy

• complying with all regulations under the SIS Act

• lodging tax and regulatory returns, and

• keeping up to date with changes in the law to ensure the fund remains compliant.

The penalties for not complying with all the laws and regulations can be severe. These include applying higher taxes on the SMSF, freezing the assets of the SMSF and criminal prosecution of the trustees.

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Fund establishmentExpert guidance and professional service are never more valuable than when you’re first establishing an SMSF. Getting off to a great start is vital because it can make everything else easier in the long run.

You can be confident using DIY SuperService that your SMSF will be correctly established with all required documentation prepared specifically for your SMSF.

Ongoing administrationWhen you elect to use DIY SuperService for the ongoing administration of your SMSF, we become the mailbox for all the paperwork and take care of all the administration, reconciliation and reporting for your SMSF to help manage your compliance obligations.

You still make all the decisions – we simply take care of the administration details.

The DIY SuperService solution

Online access to your fund informationDIY SuperService keeps you in touch with your SMSF’s progress and performance via our website onepath.com.au so you can conveniently monitor your SMSF online.

Annual Compliance, Audit, Reporting and Tax ReturnsDIY SuperService takes care of all your financial year reporting requirements, including liaising with auditors and lodgement of the SMSF Annual Return with the ATO. See page 14 for further details.

Competitive FeesDIY SuperService is our complete SMSF administration solution and offers a competitive fee structure, regardless of the SMSF’s size or mix of investments in your SMSF. See pages 15 to 19 for further details.

Members/Trustees

Tax, fees and expenses

Member and Fund Reports

Contributions and rollovers

Withdrawals and pension payments

Your SMSF

Dividends and Income

Distributions and withdrawals

Sales proceeds

Fund operating account

DIY SuperService

• Administration • Reconciliation • Record keeping • Reporting • Compliance • Audit • Tax

Investments

• Australian shares • Managed funds • Foreign property • Direct property

• Cash and fixed interest accounts

• Other listed securities • Collectables

• Derivatives • Warrants • Other structured products

Fund investment in line with document investment strategy

DIY SuperService provides a complete administration solution for trustees who want the choice and flexibility of self managed super, without the burden of running it day to day.

DIY SuperService makes self managed super easy.

How does DIY SuperService support your SMSF?

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A solution for every SMSFEvery SMSF is different - with investments ranging from cash and shares all the way through to property and collectables – and there’s a DIY SuperService solution to suit every situation.

Our DIY SuperService service is perfect for SMSFs who favour a streamlined approach to investment with a focus on cash and listed securities.

For SMSFs wanting to include a wider selection of investments, DIY SuperService Plus has been specifically designed to offer greater flexibility and choice.

1 An additional fee applies if your fund operating account is not one of the core accounts listed on page 11

Fund Operating Account Restricted to providers where daily transaction feeds1

are available, please see list on OnePath website on DIY SuperService page.

Investments Only ASX CHESS sponsored settled securities

Fund Operating Account Any financial institutions’ cash account accepted

Investments Any investment allowable under SIS legislation

Fund establishment

Ongoing administration

Online access to your fund information

Annual compliance, Audit reporting & SMSF Annual Return

DIY SuperService DIY SuperService PlusSMSF Administration

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Description DIY SuperService DIY SuperService Plus

Service This is a highly efficient, lower cost portfolio reporting and SMSF compliance service offering all of the investment flexibility available through ASX CHESS sponsored settled securities

This is our complete SMSF portfolio reporting and compliance service with no restrictions on the Fund Operating Account or investments permitted through SMSFs

Fund establishment/transfer All legal requirements are addressed

Fund Operating Account Selection from a list of Fund Operating Accounts for which we receive daily transaction feeds2. This list is available on OnePath’s website on the SMSF page

No restriction on choice of financial institution or account

Investments Restricted to selected cash, investment wrap accounts and ASX CHESS sponsored settled securities (see page 13 for more details)

Any investment permitted under legislation

Administration services Daily processing of:

• Unreconciled items

• Bank and investment transactions

• Member transactions

• Fund mail

Regular3 processing of:

• Unreconciled items

• Bank and investment transactions

• Member transactions

• Fund mail

Quarterly services Not available Preparation and lodgement of Business Activity Statements (BAS) and Instalment Activity Statements (IAS) – fees apply (see page 16 for details)

End of financial year reporting and services

• Preparation of:

- Member Benefit Statements - Trustee Annual Report to members - Financial statements - SMSF Annual Return

• Independent audit by an SMSF expert

• Audit certificate provided to the Trustee

• ATO Lodgement

Online services Online access to fund reporting, including:

• portfolio valuation

• asset allocation

• CGT

• income and expenses

Technical support • Access to free email and phone technical support from SPAA4 accredited SMSF specialists

2 An additional fee applies if your fund operating account is not one of the core accounts listed on page 11

3 Processing frequency is dependent on frequency of receipt of transaction information

4 SPAA is the Self Managed Super Fund Professionals Association of Australia

Features at a glance

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Fund establishmentWhen using the DIY SuperService service you can be confident that your SMSF will be correctly established with all essential legal documentation in place.

Super Concepts provides a comprehensive Fund Establishment Kit and registers the new SMSF with the ATO. The kit includes:

• our highly flexible & compliant Trust Deed

• trustee consent forms

• application for an Australian Business Number (ABN)

• investment strategy guidelines (includes sample)

• membership applications forms

• pro forma member Product Disclosure Statements

• binding death benefit beneficiary nomination forms

• third party authorities to allow Super Concepts access to bank and investment information

To complete the establishment of your SMSF, Super Concepts will assist you to rollover benefits from other superannuation funds or you can simply make a contribution to the SMSF.

Setting up your Fund

Transferring an existing fundIf you have an existing SMSF, you can easily transfer administration to the DIY SuperService service. We review the compliance status of the SMSF to ensure everything is in order before finalising the transition of your Fund.

Super Concepts has a dedicated Business Integration team who will work with you, your adviser and the previous accountant or SMSF administrator to transfer fund records.

We also prepare all the documentation necessary for transferring your SMSF including:

• upgrade of your existing Trust Deed to our highly flexible and compliant Trust Deed


• binding death beneficiary nomination forms

• change of address and banking instructions documentation

• third party authorities to allow Super Concepts access to bank and investment information

The DIY SuperService service can take care of all your SMSF administration needs so you can focus on implementing and monitoring your investments.

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The Trust DeedWhen you transfer to one of DIY SuperService administration services we will provide you with our Trust Deed.

The Trust Deed adapts to the challenges of an ever changing superannuation landscape.

Our Trust Deed has been drafted by Madgwicks Lawyers, who have been involved our Trust Deed for over 25 years. Our deed is regularly reviewed to ensure that it takes advantage of all recent legislative changes.

Importantly, it’s also flexible, allowing:

• for changes to members lifestyle needs and requirements throughout their working lives and retirement

• members to apply specific superannuation estate planning strategies

• for the full range of death benefit beneficiary nominations

• for various reserving strategies and anti-Detriment Payments

• contributions to be made by way of in-specie transfer of assets and provision to split contributions

• for all manner of investments permitted by law and each funds investment strategy

• for the payment of a full range of superannuation pensions, including

– account based, term allocated, reversionary, child account based, transition to retirement pensions, and

– transfers from overseas pension and retirement funds.

In addition, the Trust Deed

• meets the requirements of major lending institutions for superannuation borrowing arrangements and

• has legal signoff from Madgwicks Lawyers of compliance with the SIS Act and Regulations

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Your Fund Operating Account operates as the ‘cash hub’ of your SMSF and is central to the ongoing monitoring and reporting of your SMSF. • All contributions and rollovers should be paid into the Fund

Operating Account

• All lump sum and pension payments to members are paid from the Fund Operating Account

• All investment transactions will be settled to the Fund Operating Account

We monitor the Fund Operating Account transactions and will request further information and/or supporting documentation for transactions as required. To ensure your SMSF records are current (and online reports accurate) you, or your adviser, will need to respond to these requests as soon as possible.

You will be required to complete a Direct Debit Authority to allow us to deduct fees and other relevant expenses from your Fund Operating Account.

You will also need to complete a declaration to allow us to receive electronic transaction feeds for the transactions in your Fund Operating Account.

Selecting a Fund Operating AccountDIY SuperService currently has the ability to receive daily transaction data for a range of cash accounts, including the following core accounts which are included free of charge as part of our service:

• ANZ V2 Plus

• BWA Cash Management Trust or BankWest Cash Management Trust

• BWA Cash Management Account or BankWest Cash Management Account

• Macquarie Cash Management Account

• Macquarie Cash XL

If you are applying to use the DIY SuperService service you can select from one of the above options. Alternatively, you may select any account for which daily transaction data is available (note, an additional fee applies if you select one of these accounts - see page 16). For the most up to date list of these accounts please refer to our website onepath.com.au

If you wish to use the DIY SuperService Plus service you can select one of the above options or an alternative cash account (for an additional fee see page 16) as the Fund Operating Account.

Your Fund Operating Account

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Choosing your investments

Eligible investment assetsTrustees have the discretion to decide what the SMSF invests in. Trustees will need to ensure that all investments are consistent with the SMSF’s investment strategy set by the trustees and do not breach the SIS Act or other laws.

The following investments will generally be acceptable:

• Australian shares

• managed funds

• foreign property

• direct property

• other listed securities (for example, listed property trusts), and

• bank deposits

Particular attention needs to be given when considering investment in the following:

• collectables (for example, such as artworks, precious metals or gems)

• derivatives, warrants and other structured products

It is recommended that trustees seek professional investment advice and consider the potential income and growth as well as the risks, liquidity and the diversification of the portfolio and whether it is consistent with the overall investment strategy before making any investment.

Assets generally not permitted in SMSFsSuperannuation law does not prescribe what the SMSF can invest in. However, trustees must ensure that all investments are made with the fundamental purpose of providing for the retirement of members.

There are certain investments that would generally not be acceptable through an SMSF. These include:

• investments that deliver benefits to a person today rather than in retirement

• loans to SMSF members or their relatives

• assets with a charge over them

• a business to be operated by the SMSF or its members, and

• non-arm’s length transactions.

More information on eligible assets is available from the ATO website www.ato.gov.au

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DIY SuperServiceThe DIY SuperService service is a highly efficient, lower cost portfolio reporting and SMSF compliance service that sources all fund transaction data through automatic feeds.

A narrower scope does not, however, mean reduced investment flexibility with the list of permitted investments encompassing:

• Fund Operating Accounts listed on our website, onepath.com.au

• Term deposits and other cash deposits with an Approved Deposit Institution (ADI)

• Wrap/Investor Directed Portfolio Services (IDPS) currently:

– Macquarie Wrap (including badged versions)

– BT Wrap (including badged versions)

– Premium SmartWrap

– Any OASIS operated IDPS

• Listed securities purchased via CHESS including:

• ASX listed shares

• listed investment companies

• ASX listed warrants

• exchange traded funds covering Australian and international equities and commodities

• interest rate securities.

For the most current list of investment options available under DIY SuperService, please refer to our website, onepath.com.au

DIY SuperService PlusThis is our complete SMSF portfolio reporting and compliance service with no restrictions on the choice of Fund Operating Account.

You can also choose to invest in any eligible investment asset permitted under legislation provided it is consistent with the overall investment strategy of your SMSF.

Stephen and his wife Ann would like to transfer their current SMSF to the DIY SuperService service. Their fund:

• currently invests in:

– a managed fund

– ASX CHESS sponsored settled securities

– a property through a borrowing arrangement

• has an ANZ V2 Account as their fund operating account

Based on the information above, the fund will be on the DIY SuperService Plus service.

Your choice of investments determines the choice of DIY SuperService serviceThe choice of investment assets for your SMSF will also determine the level of DIY SuperService service.

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The DIY SuperService service includes all end of financial year reporting and compliance requirements, including independent audit and ATO lodgment.

End of financial year administration

Services

Your SMSF at a glance • Total market value of the SMSF assets

• Value of each member’s benefit

• Tax payable/refund due

• Earning rate of the fund after tax

Member Benefit Statements • Summary of total member benefits and superannuation components for all fund members as a whole

• Summary of member benefits and superannuation components for each individual fund member

Trustee annual report to members • Annual report to members

• Statement of Change in Net Assets

• Statement of Net Assets

• Schedule of Fund Investments

Financial statements • Statement of financial position

• Operating statement

• Notes to the financial statements

• General Ledger

• Investment Summary

• Capital Gains Report (if applicable)

• Accrued Capital Gains Report (if applicable)

• Tax Reconciliation Report

• Notes to the Tax Reconciliation Report (if applicable)

Income tax worksheet • SMSF Annual Return

• Electronic lodgment declaration form

SMSF audit • Auditor letter of appointment

• Independent audit by an SMSF expert

• Audit certificate provided to the trustee

Other documents • Minutes of trustee meeting

• Letter of appointment of the auditor

• Notice regarding deductible contributions

• Actuarial Certificate if required

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This section outlines the fees and charges for the DIY SuperService service. Please read this information carefully to understand how these fees and charges will apply to your SMSF.

Fees and charges

Services

New fund establishment $485

$800 Company trustee incorporation

(includes $412 ASIC company registration)

Existing fund transfer $330 Compliance health check, including Trust Deed upgrade

‘Time and materials’ basis for any remedial work required

up to $275 per hour

Administration feeThis fee includes:

• Reconciliation and reporting of your SMSF investments

• End of financial year administration

• Access to Super Concepts’ Technical Support (email & phone)

Number of Investments1 DIY SuperService DIY SuperService Plus Audit2

1 to 9 $1,895 $2,365 $330

10 to 19 $2,145 $2,585 $330

20 to 39 $2,640 $3,080 $440

40 to 59 $3,190 $3,630 $550

60 or more By arrangement By arrangement By arrangement

Minimum service term is 12 months

The Ongoing Administration fee is payable in monthly instalments on or shortly after the 15th day of each calendar month from the month following the date at which the SMSF is registered with the ATO (for new fund establishments) or completion date of transition (for existing fund transfers). The fee is not pro-rated for part months.

The fee will be determined at the commencement of each financial year based on the number of investments held at 30 June. Any adjustment to the fee due to changes in investments held during the year will be processed following review at the end of the financial year.

For new funds, the minimum fee will be used in lieu of investment information and the fee will be reviewed based on investments held 3 months after receipt of initial rollover/contribution to the fund.

Important: SMSFs on the DIY SuperService service who acquire investments during the course of the financial year outside of the parameters for the DIY SuperService service will be charged the relevant DIY SuperService Plus administration fee from the month at which they ceased to meet the DIY SuperService service parameters.

Notes:

1 Number of investments refers to the number of investments held at any time during a financial year. For example, if a fund held AAA shares and fully sold them down to subsequently acquire BBB shares, which will give rise to 2 investments, AAA and BBB, held during the year.

Adding to an existing investment does not count as a separate investment.

2 The audit fee is payable annually prior to the audit

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Additional SMSF Accounting & Administration services

Service DIY SuperService DIY SuperService Plus

Non core Fund Operating Account/Cash Accounts

$110 p.a. $110 p.a.

Pension Administration $220 p.a. per pension account $220 p.a. per pension account

GST registered funds Not available $220 p.a.

Segregations Not available $440 p.a. per additional segregation

BAS and IAS recalculation Not available $220 per event

Additional fees and are payable in monthly instalments on or shortly after the 15th day of each calendar month from the month following the date at which the SMSF is registered with ATO (for new fund establishments) or date of transition (for existing fund transfers). The fee is not pro-rated for part months or part years. The fee will be determined at the commencement of each financial year based on the profile of the fund at 30 June. Any adjustment to the fee will be processed following review at the end of the financial year. BAS and IAS recalculation fees are payable at the time of completing the work.

DIY SuperService Plus – other assetsSMSFs using the DIY SuperService Plus service will typically hold investments that require an increased level of administration and compliance activity. The investments listed below are excluded from the Number of Investments count (in relation to the Ongoing Administration Fee) and will attract an additional fee:

Special assets (excluded from investment count)

Asset type Annual fee3

Real property $220 p.a. per property

Borrowing arrangement $220 p.a. per borrowing arrangement

Unlisted shares $220 p.a. per unlisted shares

Private Trusts $220 p.a. per private trust

In-house assets $220 p.a. per in-house asset

Loans $220 p.a. per loan

Collectables $110 p.a. per collection type

Derivatives Trading Account $220 p.a. per trading account

Plant, Equipment & Capital Improvements (e.g. renovations, appliances etc.)

$220 p.a.

Additional audit fee4 $66 per special asset type

Overseas assets (excluded from investment count)

Overseas assets are those that are acquired and/or valued in overseas currency. The Overseas Assets class does not include Australian domiciled managed funds, CHESS Depository Interests (e.g. Newscorp) or structured products offered and settled in Australian Dollars.

Asset type Annual fee3

Listed shares $220 p.a. per exchange

Public Trusts / Mutual Funds $110 p.a. per trust fund

Bank Accounts / deposits $110 p.a. per account

Other Overseas Assets By arrangement

Additional audit fee4 $66 per overseas asset group

3 Additional fees and are payable in monthly instalments on or shortly after the 15th day of each calendar month from the month following the date at which the SMSF is registered with ATO (for new fund establishments) or date of transition (for existing fund transfers). The fee is not pro-rated for part months or part years. The fee will be determined at the commencement of each financial year based on the profile of the fund at 30 June. Any adjustment to the fee will be processed following review at the end of the financial year.

4 The additional audit fee is payable annually and is added to the standard audit fee.

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Other administration related fees

Service Amount

Direct debit dishonour fee $55 per event

SMSF ancillary service fees

Service Amount

Fund restructure $220 Simple restructure

$330 Complex restructure

Trust Deed Upgrade $220 to upgrade from an earlier version of the Super Concepts Trust Deed

$330 to upgrade from a non Super Concepts Trust Deed

Actuarial Certificate $330 for account based / market linked income stream

$770 for defined benefit / complying income streams

Pension commencement $440 for account based / market linked income streams

PAYG registration $110 required where the pension recipient is under 60

Pension commutation $220

Pension commutation and restart

$550

Lump sum withdrawal documentation

$110

SMSF Borrowing Arrangement documentation

$1,760 Related Party Lender $880 Commercial Lender

SMSF wind up Up to $275 per hour

Documentation reprints $110

Other services Up to $275 per hour

Payment of fees and chargesAll fees and charges associated with the DIY SuperService service and any SMSF ancillary services will be payable via direct debit from the Fund Operating Account, in monthly instalments on or shortly after the 15th day of each calendar month or at the time the service is provided.

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Setting up a new SMSF

Case study 1John and Jane are looking to set up a new SMSF under the DIY SuperService service.

On acceptance of their application form, they will pay $485 to have the fund established and $800 to establish a Sole Purpose Company Trustee (this amount includes the $412 ASIC registration fee).

Their fund will fit the DIY SuperService profile as they:

• have opened an ANZ V2 Account as their Fund Operating Account

• only intend investing in ASX CHESS sponsored settled securities.

As a result, their administration fee for the DIY SuperService service will be $1,895 p.a. (minimum administration fee shown on page 15). This amount will be deducted in monthly instalments from the Fund Operating Account on or shortly after the 15th day of each calendar month.

Three months after receipt of the initial contribution, the monthly administration fee will be reviewed based on the number of fund investments John and Jane have subsequently made. In addition to their Fund Operating Account, they now have 15 shares and a term deposit.

As the total number of investments has increased to 17 (note the Fund Operating Account is counted as an investment), their administration fee will be increased to $2,145 p.a. (10–19 investments as shown on page 15) and monthly fee instalments will be adjusted from the month the fee is reviewed.

The administration fee will be reviewed at the end of each financial year and any adjustment to the fee due to changes in the total number or type of investments held during the year will be processed following review.

On completion of the SMSF Annual Return an Audit fee will be deducted from the Fund Operating Account (see page 15 for more information).

How are the fees calculated?

Case study 2Peter and Mary are also looking to set up an SMSF through the DIY SuperService service.

On acceptance of their application form they will pay $485 to have the fund established.

Their fund will fit the profile of the DIY SuperService offer as they:

• have checked the list on the Super Concepts website and opened a Fund Operating Account for which daily transaction feeds are available.

• only intend investing in ASX CHESS sponsored settled securities.

Their monthly administration fee for the DIY SuperService service will be $2,005 p.a. (minimum administration fee of $1,895 shown on page 15 plus non core Fund Operating Account fee of $110 shown on page 16) and this amount will be deducted from the Fund Operating Account on or shortly after the 15th day of each calendar month.

Three months after receipt of the initial contribution the monthly administration fee will be reviewed based on the number of fund investments Peter and Mary have made.

While they hold only six shares in addition to their Fund Operating Account, they have also decided to invest in a managed fund. This investment is outside the DIY SuperService service so their monthly administration fee will now be based on the DIY SuperService Plus schedule (1 to 9 investments) and will be increased to $2,365 p.a. with monthly instalments adjusted for the remainder of the financial year.



The following case studies are designed to illustrate how the DIY SuperService fees apply to different SMSF funds.

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Case study 3Stephen and Ann would like to transfer their current SMSF to the DIY SuperService service. Their fund:

• currently invests in:

– a managed fund

– five ASX CHESS sponsored settled securities

– a property through a borrowing arrangement


• will have their prior year financial year accounts completed by their current provider.

Based on the information above, the fund will be on the DIY SuperService Plus service with seven investments.

On transfer they will pay $330 which includes a review the compliance status of the fund, an upgrade to the DIY SuperService Trust Deed and management of the administration changeover.

The administration fee for the DIY SuperService Plus service will be based on the current investments of the fund and will be $2,805 p.a., calculated as follows:

• Number of standard assets is less than 9: $2,365 p.a.

• Special assets (excluded from investment count)

– Real property: $220 p.a.

– Borrowing arrangement: $220 p.a.

This amount will be deducted in monthly instalments from the Fund Operating Account on or shortly after the 15th day of each calendar month.

The administration fee will be reviewed at the end of each financial year and any adjustment to the fee due to changes in the total number or type of investments held during the year will be processed following the review.



Case study 4Craig and Cath would like to transfer their current SMSF to the DIY SuperService service. Their fund:

• currently invests in cash and six ASX CHESS sponsored settled securities


• Craig’s member account is in pension phase

• Cath’s member account is still in accumulation mode

• will have their 2011 financial year accounts completed by Super Concepts.

Based on the information above, the fund will be on the DIY SuperService service.

On transfer they will pay $330 which includes a review the compliance status of the fund, an upgrade to the Super Concepts Trust Deed and management of the administration changeover.

The completion of their 2011 SMSF Annual Return and Audit will be separately invoiced on a time cost basis.

The administration fee for the DIY SuperService service will be based on the current investments of the fund (less than 9) plus an additional $220 for Craig’s pension account (refer to page 17). The total fee of $2,115 p.a. will be deducted in monthly instalments from the Fund Operating Account on or shortly after the 15th day of each calendar month.

The administration fee will be reviewed at the end of each financial year and any adjustment to the fee due to changes in the total number or type of investments held during the year will be processed following the review.


On completion of the SMSF Annual Return an Audit fee will be deducted from the Fund Operating Account (see page 15 for more information). There may be an additional $220 deducted from the Fund Operating account if an actuarial certificate is required on Craig’s member account for the account based pension.

Note: These case studies are for illustrative purposes only.

Transferring an existing SMSF to DIY SuperService

20

Definitions‘ANZ’ means Australia and New Zealand Banking Group Limited (ABN 11 005 357 522, AFSL 234527) and, where the context requires, its employees and agents.

‘Application Form’ means the relevant application form to which these declarations and agreements apply, requesting Super Concepts to provide certain Service(s).

‘Fund’ means the proposed or registered self managed superannuation fund outlined in the Application Form.

‘OnePath’ means OnePath Australia Limited (ABN 60 000 000 779) and, where the context requires, its employees and agents.

‘Primary Contact’ means the person nominated on the Application Form to receive all correspondence relating to the SMSF.

‘Service’ means the DIY SuperService standard service or the DIY SuperService Plus service as outlined in this guide.

‘Super Concepts’, ‘we’, ‘us’ means Super Concepts Pty Ltd (ABN 67 007 437 907) and, where relevant, its employees and agents.

‘Terms and Conditions’ means the terms and conditions of the Service(s) set out in this guide and the Application Form.

‘you/your’ means the trustees of the Fund (in their personal capacity and as trustee (as applicable)) as outlined in the relevant Application Form, or as amended from time to time, or any member of the Fund or other person authorised to use the Service(s) on your behalf (e.g. a financial adviser, agent or accountant).

Other important informationTerms and conditions of the Service • Super Concepts is a Corporate Authorised Representative of

RI Advice Group (ABN 23 001 774 125, AFSL 238429) and the provider of the Service under these Terms and Conditions.

• Super Concepts provides the Service(s) to you in accordance with the information provided in this guide, Application Form and the current Terms and Conditions. Submission of the Application Form to Super Concepts is deemed acceptance of the current Terms and Conditions.

• The Service(s) are provided to you on condition that you pay the fee (including any costs, expenses or charges) for the Service(s), which are set out in this guide and the Fee Schedule on the Super Concepts website onepath.com.au

• While all reasonable skill and diligence has been taken by Super Concepts, Super Concepts has no responsibility or liability in relation to any loss or damage (whether it be direct or indirect) however caused (including through negligence) which you or anyone else incurs, including, without limitation, loss arising out of your actions in your personal capacity or as a trustee or arising from your use or access to our Service(s). You must take your own precautions to ensure that the Service(s) are appropriate and suitable for your circumstances and that you comply and continue to comply with all relevant law.

• While all reasonable skill and diligence has been taken by Super Concepts, Super Concepts makes no warranty regarding the information provided in relation to the Service(s). You must make your own assessment of it and rely on it wholly at your own risk. In particular, Super Concepts disclaims any and all warranties, including, without limitation:

1. any warranties concerning the accuracy or content of information, products or services; and

2. any warranties of title or warranties of merchantability or fitness for a particular purpose.

• You agree to indemnify and hold Super Concepts, its partners, agents, affiliates and content partners harmless from any dispute which may arise from a breach of these Terms and Conditions. You agree to hold Super Concepts harmless from any claims and expenses, including reasonable attorney’s fees and court costs, related to your violation of these Terms and Conditions.

• You acknowledge that the Service or material provided in the provision of the Service(s) contains intellectual property rights that Super Concepts exclusively owns the rights to distribute. You agree to not do anything to challenge or diminish those rights or to in any way use those intellectual property rights other than as expressly permitted by Super Concepts or these Terms and Conditions.

21

• Super Concepts may, in its absolute discretion, modify or amend the Terms and Conditions. Such modifications will be binding once displayed on the OnePath website onepath.com.au Where you are receiving an ongoing Service(s) from Super Concepts, you should regularly check the Terms and Conditions displayed on this web site.

• These Terms and Conditions are governed by and construed according to the laws of New South Wales, Australia without giving effect to any principles of conflicts of law. You agree to submit to the jurisdiction of the courts and tribunals of New South Wales.

• If any provision of these Terms and Conditions is held invalid, unenforceable or illegal for any reason, the terms and conditions will remain otherwise in full force apart from that provision which will be deemed deleted.

• Super Concepts may immediately terminate or discontinue the provision of the Service(s) if you do not comply with the Terms and Conditions. Where any Service is discontinued, you agree to pay to Super Concepts any fees, expenses or charges incurred by you or on your behalf as at the date of termination.

• Termination of the Service(s) (as outlined above) does not affect Super Concepts’ rights under these Terms and Conditions that have arisen prior to the date of termination.

Access to DIY SuperServiceYou agree that:

• these terms and conditions govern your access to DIY SuperService;

• you will have appropriate computer systems, hardware, software and internet access to allow your access to DIY SuperService;

• we take no responsibility for you obtaining or maintaining the appropriate computer based systems so you can access DIY SuperService;

• we cannot guarantee continuous uninterrupted access to DIY SuperService and that, despite our reasonable efforts, access may be temporarily interrupted or permanently cease due to force, major events partially or completely outside our reasonable control, and should such an event occur, we do not accept responsibility or liability to you or any other person for your inability to access DIY SuperService during that downtime;

• you will use DIY SuperService only if permitted by us and for legitimate purposes, and you will not copy or otherwise interfere with or damage any part of DIY SuperService including any code, data or software, and you will not attempt to do any of those things, and you will tell us immediately in writing if you become aware of any other person’s attempt to do any of those things.

• we exclusively own the right to distribute DIY SuperService and the intellectual property rights in DIY SuperService and you will not do anything to challenge or diminish those rights or to in any way use those intellectual property rights in any way other than as expressly permitted by this Agreement;

• you are responsible for keeping confidential and secure the User Name and the Password that we provide you to access the Fund’s information on DIY SuperService and also the Fund’s information that you extract from DIY SuperService; and

• your Adviser may receive and access your personal information in DIY SuperService for the purposes of managing the Fund’s investment portfolio within the terms of the authority agreed between us, and where there is any change to this authority or relating to your Adviser, you will notify us of the change.

22

Your obligationsBy establishing an SMSF using DIY SuperService you acknowledge and agree that:

• You (as the trustee(s)) are responsible for the control and actions of the Fund. Super Concepts and OnePath has no authority to deal with assets of the Fund.

• The Fund’s activities and instructions in relation to the Service(s) will be in compliance with relevant superannuation and taxation legislation and the Fund’s Trust Deed.

• You will assist us by, within a reasonable time and without any unnecessary delay, providing us with any other documents or information that we may reasonably request from you that is necessary for the provision of the Service(s).

• You will notify Super Concepts as soon as practicable where any information previously supplied to Super Concepts has changed or you believe is incorrect. Super Concepts does not take responsibility for any loss that may occur as a result of incorrect or outdated information provided by you (or other members of the Fund).

• We are authorised to take instructions from your nominated adviser as if those instructions were given by you.

Termination of DIY SuperService ServicesEither party may terminate the Service(s) by providing one (1) calendar month’s notice to the other party.

Super Concepts may immediately terminate or discontinue the provision of the Service(s) if you do not comply with the Terms and Conditions (including but not limited to where the DDA is not maintained and fees remain outstanding, or you do not cooperate with Super Concepts in the provision of the Service(s) as outlined in this guide).

Where any Service is discontinued, you agree to pay to Super Concepts any fees, expenses or charges incurred by you or on your behalf as at the date of termination.

On termination, provided that fees are paid up to date:

• If not already completed, Super Concepts will complete the annual return and reporting obligations up to the preceding 30 June. The ATO Annual Return will not be lodged until all fees are settled; and

• Super Concepts will provide a copy of Fund correspondence received in the current financial year to the Fund’s representative.

On termination the trustee(s) are responsible for:

• terminating any authorities in place, including transaction feeds and Direct Debit Authorities,

• amending the postal address for Fund correspondence, and

• arranging an alternative provider for the completion of that financial year’s Fund annual return and reporting obligations.

Termination of the Service(s) (as outlined above) does not affect either party’s rights under these Terms and Conditions that have arisen prior to the date of termination.

23

Making investmentsBy establishing an SMSF using DIY SuperService you acknowledge and agree that all investments will be made in the trustee(s) name, but care of Super Concepts postal address (Locked Bag 2, Forest Hill Vic 3131) unless we otherwise agreed in writing.

FeesBy establishing an SMSF using DIY SuperService you acknowledge and agree that you will pay the fee(s) for the Service(s) when they fall due by providing us with, and maintaining, a Direct Debit Authority (DDA) which authorises Super Concepts to deduct the relevant fees and expenses directly from the nominated Fund Operating Account under the DDA.

The fee schedule may be amended annually with any changes effective from 1 July each year. Changes to fees will be published on the Super Concepts website www.superconcepts.com.au

Super Concepts reserves the right to amend fees at any other time subject to providing a minimum of one calendar month written notice to the representative of the Fund.

PrivacyIn providing the Service(s) outlined in this guide, Super Concepts may collect your personal information and information about the Fund for the purpose of:

a. providing the Service(s);

b. considering your request for the Service(s);

c. contacting you about other services offered by Super Concepts or related bodies corporate; and

d. complying with the relevant laws, regulations and regulatory codes.

In providing the Services, Super Concepts may be required to disclose your personal information, or information about your Fund, to third parties including:

a. related companies of Super Concepts, such as OnePath and ANZ;

b. service providers and financial institutions in relation to administering your Fund, such as professional advisers, accountants, lawyers and auditors;

c. regulatory bodies, government agencies, law enforcement bodies, courts and other parties Super Concepts is required by law to disclose information to; and

d. your financial adviser, authorised agent, executor, legal personal representative.

To access or correct your personal information or information about the Fund, you should contact Super Concepts.

Super Concepts is subsidiary of OnePath and operates under the OnePath Privacy Policy, which is available on request or on the OnePath website onepath.com.au

24

Once you have made the decision to take control of your superannuation by using the DIY SuperService or DIY SuperService Plus service, getting started is relatively simple. After all, helping people establish and run their own SMSF is what we do.

Getting started

What happens next?Fund establishment Fund transfer

You submit your New Fund Application FormYou submit your Transfer Application Form along with requested

supporting documentation

We send your New Fund Documentation Kit We send your Trust Deed

You set up your Fund Operating Account

You return the relevant forms to us as detailed in the checklist provided with your New Fund Documentation

You set up your Fund Operating Account

You return the relevant forms to us as detailed in the checklist provided with your Transfer Fund Documentation

Super Concepts:

✓ Register your SMSF with the ATO

✓ Apply for the SMSF’s ABN and TFN

✓ Act as the SMSF administrator and tax agent

✓ Facilitate the rollover of existing superannuation accounts to the SMSF

✓ Set up your SMSF on the DIY SuperService website

✓ Arrange online access to your SMSF for ongoing monitoring and reporting

✓ Arrange the annual independent audit

✓ Provide ongoing technical support and back up

Super Concepts:

✓ Notify the ATO that you have changed provider

✓ Seek ethical clearance from your previous provider

✓ Notify relevant organisations of the new mailing address

✓ Complete previous years annual return (if required – additional fees apply)

✓ Set up your SMSF on the DIY SuperService website

✓ Arrange online access to your SMSF for ongoing monitoring and reporting

✓ Act as the SMSF administrator and tax agent

✓ Arrange the annual independent audit

✓ Provide ongoing technical support and back up

25

Campaign code (If applicable)

• Use this form for new DIY SuperService funds only. If you wish to transfer your existing SMSF to OnePath, please complete the Existing SMSF Transfer Application Form for DIY SuperService.

• Please write clearly in CAPITAL LETTERS and use a black pen to complete this form.

• Your completed form and payment should be sent to Super Concepts: By mail: DIY SuperService Locked Bag 2 Forest Hill Vic 3131 By fax: 03 9560 2438 By email: [email protected]

1. Fund detailsAny name can be used but it is best to keep it simple and concise. Please be very precise in relation to spelling and use of capital letters, abbreviations and spaces. Full stops should be avoided. It is not necessary to include ‘The’ as the first word of your fund name.

Fund name

Commencement date1 / / (dd/mm/yyyy) Fund ID office use only

1 If the fund has a Corporate Trustee this date cannot be prior to the Company incorporation date. Unless specified otherwise, the commencement date will be the date the fund is established by Super Concepts.

2. Trustee detailsA person or entity must be nominated to establish the fund.

Individual Trustee/s – Go to Section 5 or Existing Trustee Company – Go to Section 3

New Trustee Company – Go to Section 4

3. Existing Trustee Company details

Full company name ACN

Please attach a copy of the current ASIC company statement.

Go to Section 4

4. New Sole Purpose SMSF Trustee Company detailsIt is your responsibility to ensure that your company name does not conflict with any existing company name, business name, trade mark or domain name. Please refer to the ASIC Identical Names Register and to IP Australia’s Trade Mark On-line Search System for assistance.

If the preferred company name is identical to that of an Australian registered business and the owner(s) of that business is one of the Directors below, the business number and registered state must be supplied in order to complete incorporation.

Preferred company name Pty Ltd

Alternate preferred name Pty Ltd

New Fund Establishment – Application Form for Super ConceptsDIY SuperService and DIY SuperService Plus services

Super Concepts Pty Ltd ABN 67 007 437 907 is a Corporate Authorised Representative of RI Advice Group Pty Limited ABN 23 001 774 125 AFSL 238429

26

Registered business no. (if applicable) State of Registration

Registered office address (Street address, not PO Box)

Name of occupier

Principal business address (street address, not PO Box)

By signing, each member nominated in Section 5 below, consents to act as Director/Member of the Sole Purpose SMSF Trustee Company.

5. Fund MembersA self managed fund is limited to four (4) members or less and all members must be Trustees as individuals or as Director/s of a Trustee Company. A member can not be employed (at any time) by another member unless they are relatives. Special rules apply to single member funds – refer Section 6.

Member 1 Individual Trustee or Director of Trustee Company

Name

Residential address

Email

TFN

Date of birth / / (dd/mm/yyyy) Place of birth (City/State/Country)

Signature ✗

Note: A signature is only required if a New Sole Purpose SMSF Trustee Company is being established in Section 4.


Name

Residential address

Email

TFN


Signature ✗



Name

Residential address

Email

TFN


Signature ✗



Name

Residential address

Email

TFN


Signature ✗


27

6. Single Member FundsIf the SMSF has only one member and the Trustee is not a company there must be one other individual Trustee. Alternatively, where there is a Corporate Trustee, a second Director can be appointed. This person can be a relative or any other person who is not an employer of the member.

Other Trustee / Director

Name

Residential address

TFN


Signature ✗


7. Fund Operating AccountsThe Fund Operating Account is the cash hub of your Fund through which all transactions are processed. A direct debit authority will be established for the payment of Administration and other fees to Super Concepts.

Please indicate your preference below:

ANZ V2 Plus

Macquarie Cash Management Account

Macquarie Cash XL

BWA/Bankwest Cash Management Trust

BWA/Bankwest Cash Management

Other account (an additional fee of $110 per annum will apply)

8. Fees (prices quoted are inclusive of GST)The fee for Fund Establishment is $485.

If you wish to establish a New Sole Purpose SMSF Trustee Company an additional fee of $800 is applicable (including $412 ASIC fee).

The ongoing administration fee depends on the profile of your Fund:

• DIY SuperService This is a highly efficient, lower cost portfolio reporting and SMSF compliance service offering all the investment flexibility offered through ASX CHESS sponsored settled securities. Please refer to our website onepath.com.au for the list of available Fund Operating Accounts.

• DIY SuperService Plus This is our complete SMSF portfolio reporting and compliance service with no restrictions on Fund Operating Account or investments permitted through SMSFs.

Fee type No. of investments DIY SuperService DIY SuperService Plus Audit

Administration fee

1 to 9 $1,895 $2,365 $330

10 to 19 $2,145 $2,585 $330

20 to 39 $2,640 $3,080 $440

40 to 59 $3,190 $3,630 $550


For full details of fees please refer to pages 15 to 17 of the DIY SuperService Services Guide.

The minimum fee will be used in lieu of investment information at the time of the fund establishment and the fee will be reviewed based on investments held three months after receipt of initial rollover/contribution to the fund.

28

9. Payment detailsFees for Fund Establishment and the set up of new Sole Purpose SMSF Trustee Company (if applicable) are payable prior to establishment:

Cheque, please enclose cheque made payable to ‘Super Concepts Pty Ltd’

Credit Card Mastercard VISA Amount: $

Credit card no. CVV No. Expiry date D/ YY (mm/yy)

Name on card

Signature ✗

Electronic Funds Transfer (EFT) Account Name: Super Concepts BSB: 013 326 Account No.: 835748535 Reference: Superannuation Fund Name (as detailed in Section 1)

10. Adviser details (if applicable)

Primary Contact Accountant Adviser Other

Name

Company (if applicable)

Dealer Group (if applicable)

Address

Suburb State Postcode

Postal address

Phone Fax

Mobile

Email

11. Adviser service feeAdviser initial fee (including GST) $ payable at the time of initial contribution/rollover to the Fund

Adviser ongoing fee (including GST) $ payable monthly from the date of initial contribution/rollover to the Fund

12. Primary Contact details

Accountant Adviser Other

Name



Address


Postal address

Phone Fax

Mobile

Email

29

13. DeclarationBy signing below, I, on behalf of the trustees (or prospective trustees) of the fund:

• declare that I am authorised to make declarations on behalf of the persons (and prospective Trustees) named in this application form.

• declare that the information completed on this form is, to the best of my knowledge, accurate and correct.

• acknowledge that I have fully read the terms and conditions found in this services guide and updated from time to time.

• have read and understood the fee schedule applicable for the relevant services, found at www.onepath.com.au, and updated from time to time;

• authorise Super Concepts to apply, on behalf of the fund, for an Australian Business Number (ABN) for an ATO Regulated Self Managed Superannuation Fund. I confirm that:

– the fund will be a self managed superannuation fund for 12 months or longer

– the fund will not be registered for GST (unless a specific registration request is made)

– the individual Trustees/responsible officers of the Corporate Trustee:

> have not been convicted of an offence in respect of dishonest conduct in the Commonwealth, or any State, Territory or foreign country

> have not had a civil penalty order made against them

> are not an undischarged bankrupt

> have not been notified that they are a disqualified person by the Regulator (the Tax Office or Australian Prudential Regulation Authority)

– I am making an irrevocable election that the Superannuation Industry (Supervision) Act 1993 will apply to the Fund.

• authorise the collection, use and disclosure of my personal information for the purpose of the assessment of the application and if accepted, the management and administration of services in which I have applied. I understand that unless I consent to the collection, use and disclosure of this information, Super Concepts will not be able to process my application or deliver the relevant Service(s).

• understand that Super Concepts may routinely disclose my personal information to third parties such as: organisations undertaking compliance functions of Super Concepts’ information; organisations maintaining Super Concepts’ information technology system; authorised financial institutions; organisations providing mailing and printing services and my financial adviser (if applicable).

• accept that Super Concepts or any of its related group companies may send me information about its services from time to time. I understand that I may notify Super Concepts of my decision not to receive further information by contacting Super Concepts directly.

• If you are applying to set up a new Sole Purpose SMSF Trustee Company, by signing below:

– I confirm that the persons named above have consented to act as a Director/Member of the Sole Purpose SMSF Trustee Company.

– I confirm that no person has become disqualified from acting as a trustee of a superannuation fund or director of the trustee company.

Signature (sign clearly within the box) ✗

Date (dd/mm/yyyy) / /

Print name

Establishing a Sole Purpose SMSF Trustee CompanyPlease do not use this service if you wish to order a Company for purposes other than, or in addition to, being a trustee of a SMSF or if the particulars listed below do not suit your specific circumstances. In these circumstances, please seek advice from a qualified accountant or solicitor prior to proceeding.

• The Company will be registered with ASIC as a Sole Purpose SMSF Trustee Company. The Company constitution will have a clause preventing the distribution of income or property to its Members (shareholders).

• A total of 12 Ordinary Shares will be issued. The shares will be allocated to each Director in equal proportions.

• A Company Seal will not be issued (not required under the Corporations Act 2001).

• Each person must provide their written consent to act as a Director and Shareholder prior to appointment (provided for on this Order Form). The company must keep the consents and agreements. Please retain the original Order Form and forward a copy to Super Concepts for action.

30

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31

Campaign code (If applicable)

• Use this form for new DIY SuperService funds only. If you wish to transfer your existing SMSF to OnePath, please complete the Existing SMSF Transfer Application Form for DIY SuperService.

• Please write clearly in CAPITAL LETTERS and use a black pen to complete this form.

• Your completed form and payment should be sent to Super Concepts: By mail: DIY SuperService Locked Bag 2 Forest Hill Vic 3131 By fax: 03 9560 2438 By email: [email protected]

1. Fund detailsFund name

Commencement date1 / / (dd/mm/yyyy) Fund ID office use only

Please attach a copy of the fund’s Trust Deed together with minutes or other documentation relating to variations to fund name, structure or membership.

2. Trustee details

Individual Trustee/s – Go to Section 4 or Existing Trustee Company – Go to Section 3

3. Existing Trustee Company details

Full company name ACN

Please attach a copy of the current ASIC company statement.Go to Section 4

4. Fund Members


Name

Residential address

TFN

Date of birth / / (dd/mm/yyyy)

Existing SMSF TransferDIY SuperService and DIY SuperService Plus services

Super Concepts Pty Ltd ABN 67 007 437 907 is a Corporate Authorised Representative of RI Advice Group Pty Limited ABN 23 001 774 125 AFSL 238429

32


Name

Residential address

TFN



Name

Residential address

TFN



Name

Residential address

TFN


5. Single Member FundsOther Trustee / Director

Name

Residential address


6. Existing Fund ProfileSMSF Annual Return:

The last SMSF annual return was completed for the financial year ending

Please provide the name of the previous SMSF accountant / administrator below:

Name

Address

Email Phone

My fund: is registered for GST No Yes Annual Quarterly

has segregated accounts No Yes Number

has pension accounts No Yes Number

Fund investments Cash accounts No Yes Number

Shares No Yes Number

Managed Funds No Yes Number

Platform/Wrap Accounts No Yes Number

Direct Property No Yes Number

Special assets No Yes Number

For further information on asset categories, please refer to pages 12–13 of the DIY SuperService Services Guide

Fund Operating Account

The Fund Operating Account is the cash hub of your Fund through which all transactions are processed. A direct debit authority will be established for the payment of administration and other fees to Super Concepts.

Please provide details of the account you will use for this purpose:

Account name

BSB – Account number

33

7. Fees (prices quoted are inclusive of GST)The fee for the transfer of your existing fund to this service is $330 which includes a review of the compliance status of the fund.

We also provide all the documentation necessary for transferring your fund including:

• upgrade of your existing Trust Deed to our highly flexible and compliant Trust Deed


• binding death beneficiary nomination forms

• change of address and banking instruction documentation

Any remedial accounting services required for prior year returns will be charged separately at up to $275 per hour.

The ongoing administration fee depends on the profile of your fund:

• DIY SuperService This is a highly efficient, lower cost portfolio reporting and SMSF compliance service offering all the investment flexibility offered through ASX CHESS settled securities. Please refer to our website onepath.com.au for the list of available Fund Operating Accounts.

• DIY SuperService Plus This is our complete SMSF portfolio reporting and compliance service with no restrictions on Fund Operating Account or investments permitted through SMSFs.

Fee type No. of investments DIY SuperService DIY SuperService Plus Audit

Administration fee

1 to 9 $1,895 $2,365 $330

10 to 19 $2,145 $2,585 $330

20 to 39 $2,640 $3,080 $440

40 to 59 $3,190 $3,630 $550


8. Payment detailsThe transfer fee of $330 is payable prior to transfer.

Cheque, please enclose cheque made payable to ‘Super Concepts Pty Ltd’

Credit Card Mastercard VISA Amount: $

Credit card no. CVV No. Expiry date D/ YY (mm/yy)

Name on card

Signature ✗

Electronic Funds Transfer (EFT) Account Name: Super Concepts BSB: 013 326 Account No.: 835748535 Reference: Superannuation Fund Name (as detailed in Section 1)

9. Adviser details (if applicable)

Primary Contact Accountant Adviser Other

Name



Address


Postal address

Phone Fax

Mobile

Email

34

10. Adviser service feeAdviser initial fee (including GST) $ payable at the time of transfer to this service

Adviser ongoing fee (including GST) $ payable monthly from the date of transfer

11. Primary contact detailsIf different from Adviser details above

Important – these details will be used for all correspondence, contact, delivery and billing purposes

Accountant Adviser Other

Name



Address


Postal address

Phone Fax

Mobile

Email

12. DeclarationBy signing below, I, on behalf of the trustees of the fund:

• declare that I am authorised to make declarations on behalf of the persons named in this application form.

• declare that the information completed on this form is, to the best of my knowledge, accurate and correct.

• acknowledge that I have fully read the terms and conditions found in this services guide, as updated from time to time.

• have read and understood the fee schedule applicable for the relevant services, found at onepath.com.au, as updated from time to time;

• authorise the collection, use and disclosure of my personal information for the purpose of the assessment of the application and if accepted, the management and administration of services in which I have applied. I understand that unless I consent to the collection, use and disclosure of this information, Super Concepts will not be able to process my application or deliver the relevant Service(s).

• understand that Super Concepts may routinely disclose my personal information to third parties such as: organisations undertaking compliance functions of Super Concepts’ information; organisations maintaining Super Concepts’ information technology system; authorised financial institutions; organisations providing mailing and printing services and my financial adviser (if applicable).

• accept that Super Concepts or any of its related group companies may send me information about its services from time to time. I understand that I may notify Super Concepts of my decision not to receive further information by contacting Super Concepts directly.

Signature (sign clearly within the box) ✗

Date (dd/mm/yyyy) / /

Print name

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L643

4/02

11

onepath.com.au

DIY SuperService

Phone 1300 795 793

Email [email protected]

Postal addressDIY SuperService Locked Bag 2 Forest Hill VIC 3131

Websiteonepath.com.au

All prices quoted include GST and postage. This material is issued by Super Concepts Pty Limited (ABN 67 007 437 907), a Corporate Authorised Representative of RI Advice Group Pty Limited (ABN 23 001 774 125, AFSL 238 429). This information is current as at August 2011 but is subject to change. It is of a general nature and does not take into account your personal needs, financial circumstances or objectives. Before acting on this information, you should consider the appropriateness of the information, having regard to your needs, financial circumstances and objectives.

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