Welcome to your Advantage An introduction to ANZ Super Advantage

December 2006

Whether you’re 20 years or 12 months away from retiring, you’ll soon find it’s just around the corner. Whilst it’s an exciting chapter in your life to look forward to, it’s important you have the financial security required to achieve the lifestyle you desire in retirement.

Where you invest your superannuation and who you invest it with are therefore critical in determining the quality of your lifestyle after you finish working full-time.

To ensure you are managing your retirement savings in a way that will help you achieve your retirement goals, we believe you should ask 10 key questions of your current superannuation arrangement and any others you are considering.

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Welcome to your Advantage – ANZ Super Advantage

ANZ Super Advantage answers ‘yes’ to each of these key questions and ensures your retirement savings are working hard throughout your entire working life – giving you the winning advantage!

ANZ Super Other What should you be asking of your superannuation fund? Advantage Fund

1. Is your superannuation with a strong, stable and experienced provider with a long term commitment to the Australian marketplace? ✓

2. Does your superannuation plan incorporate a wide range of member benefits into one comprehensive package? ✓

3. Does your superannuation plan offer you a wide choice of investment options with varying levels of risk, across all major markets and asset classes and with access to a large number of investment managers? ✓

4. Can you conveniently switch your investment between different investment options at any time? ✓

5. Does your superannuation plan offer you a choice of flexible and competitively priced insurance alternatives enabling you to tailor a life insurance plan to ensure you and your loved ones are protected in the case of your death, illness or injury? ✓

6. Is your superannuation plan competitively priced? ✓

7. Can you access financial educational support enabling you to learn about investing, superannuation, retirement and other key financial topics in your own time and at your own pace? ✓

8. Can you easily rollover your existing superannuation benefits into a single superannuation account enabling you to reduce unnecessary fees and maximise the benefits of your super? ✓

9. Does your superannuation plan offer consistent online and dedicated telephone servicing to help you administer your entitlements? ✓

10. If you leave your current employer, can you maintain many of your existing benefits? ✓

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Follow these easy steps to ensure you make the most of your superannuation savings and achieve the lifestyle you desire in retirement:

1. Join ANZ Super Advantage. As long as ANZ Super Advantage is listed as your employer’s default fund, you don’t need to do anything. If this is the case, your employer will automatically direct your superannuation contributions to ANZ Super Advantage – chances are, if you are reading this brochure, this has already happened! If you're not already a member, the opportunity to get the Advantage is yours!

Once you become a member you should:

2. Find and consolidate your superannuation into your ANZ Super Advantage account. Enjoy the convenience and benefits of having a single superannuation provider. To help make this happen refer to page 13 of this brochure and the Get it Together Super Transfer Service guide and form contained in your Welcome Kit.

3. Register for ANZ Investor Access to manage your super online anytime. ANZ Investor Access provides you with secure, convenient and easy online access to your ANZ Super Advantage account. To get started refer to page 11 of this brochure and the SuperConnect guide contained in your Welcome Kit.

4. Navigate through your interactive CD. Provided in your Welcome Kit is a CD that can help you discover how to stay ahead of the superannuation game. It contains your Product Disclosure Statement, Annual Report, education tutorials and more!

5. Complete and return key forms. By completing these forms contained within the pocket of your Welcome Kit, you will be:

> notifying us of your Tax File Number

> choosing your own personal investment strategy and

> declaring who you nominate as your beneficiary(ies) to receive your death benefit (generally equal to your account balance, plus any insurance proceeds, if applicable).

6. Sit back, relax and enjoy your winning advantage – your ANZ Super Advantage!

Your pathway to a rewarding retirement

ANZ and ING – A winning partnership

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By combining the strengths of ANZ and ING, ANZ Super Advantage offers a winning superannuation solution.

ANZ

> Strong > Different > Successful > Sustainable

Australia and New Zealand Banking Group Limited (ANZ) is a major international banking and financial services group that has secured and retained a firm position as one of the top 50 banks globally.

With more than 1,000 points of representation in over 25 countries and in excess of 16,000 staff in Australia and 23,000 worldwide, ANZ is one of the most efficient, well managed and most successful banks in the world.

The ANZ record is clear and independently recognised:

Bank of the Year six years in a row* Best Financial Institution 2005†

Strategic allies in success

ANZ recognises that in order to provide premium financial solutions, external skills and resources spanning a range of specialist functions are required.

For that reason, ANZ has formed a number of valuable alliances with premier organisations to ensure delivery of market-leading solutions, across a diverse range of sectors, to our clients.

ANZ’s search for a premium funds management partner resulted in the selection of the global ING Group (ING) and the formation of ING Australia as a joint venture partnership between ING, which owns 51%, and ANZ, which owns 49%.

ING Australia currently manages:

> over $6 billion of employer superannuation funds for more than 28,000 employers and over 510,000 members

> in excess of $30 billion in assets under management for over one million individuals.

Through ANZ’s joint venture arrangement with ING, ANZ Super Advantage members have access to leading investment management, administration and Trustee services.

* Money magazine’s Bank of the Year 2005. Personal Investor magazine’s Bank of the Year 2000–2005, inclusive.

† Australian Banking & Finance magazine 2005.

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Why ING?

ING is one of the world’s largest wealth managers and one of Australia’s leading fund managers and life insurers, providing employer superannuation solutions for Australian businesses since 1979.

ING Australia uses ING Investment Management (INGIM) to manage ING investment fund options, however, INGIM is not a subsidiary of ING Australia. INGIM is the specialist global manager within the ING Group.

The next section of this brochure is designed to highlight the features and benefits your employer has made available to you now, and which you can benefit from for many years ahead.

We also encourage you to familiarise yourself with the ANZ Super Advantage Product Disclosure Statement (PDS) which is provided on CD in your Welcome Kit or is available from www.anz.com/wealth/super or by phoning 13 38 63.

INGIM

> More than 2,400 staff across 29 countries.

> Global assets under management A$563 billion.

> Currently manages in excess of $33 billion in Australia.

Investment Choice

You have the potential to maximise returns while managing risk by diversifying your superannuation across a choice of over 55 specially managed investment funds.

Enjoy access to funds managed by ING’s active ‘Manage the Managers’ (MTM) solution – OptiMix, Russell, INGIM as well as other leading external fund managers.

By covering a broad investment range, ANZ Super Advantage has established a strong foundation you can use to build wealth now to enjoy later in retirement. ANZ Super Advantage makes this possible by offering funds which:

> invest in Australia and internationally

> invest in all major asset classes

> are managed by a range of external fund managers, using different investment styles and

> offer different levels of risk.

Investment strategy selection

You have the opportunity to design your own personal investment strategy by selecting funds from the wide range available within ANZ Super Advantage. A financial adviser can assist you with assessing the risks of investing and the types of investment funds that are appropriate for your circumstances. If you do not choose your own investment strategy, your employer or Trustee will select a default investment strategy to reflect the overall superannuation needs of all employees.

For more information on the investment funds available to you, please refer to the Investment Information Book contained on the CD in your Welcome Kit.

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Investment choice and flexible insurance options

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Investment choice and flexible insurance options

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Flexible insurance coverage

Help protect those closest to you through insurance cover, conveniently packaged within your superannuation. The advantages of having insurance through your employer’s superannuation plan can include:

> a lower premium – as you may have access to group premium rates rather than individual rates

> a certain level of cover without the need to provide any health evidence and

> premiums deducted directly from your account balance.

If you move to a new fund as a personal member, it is likely that you will need to answer questions regarding your health and pastimes and you may even need to make a declaration to the Insurer. Depending on the level of cover required you may also need to undergo medical tests and provide details about your financial circumstances.

Your employer may have the option of offering the following forms of insurance cover to you as part of your superannuation package without any underwriting needed:

> Death Only Cover (including terminal illness).

> Death (including terminal illness) and Total & Permanent Disablement (TPD) Cover.

> Group Salary Continuance (GSC) Cover.

Insurance design

Your ability to obtain or amend your insurance cover will depend on the insurance cover that has been selected by your employer. Variations to your insurance cover must be approved by the Insurer and you may be required to provide some medical and other information.

Please refer to your Welcome Letter for the type and level of insurance cover relevant to you prior to reading the Insurance Guide(s) contained on the CD in your Welcome Kit.

Great value for money

High quality, full service superannuation offering

ANZ Super Advantage offers great value for money by providing you with everything you need to effectively and efficiently manage your super in a convenient and cost effective workplace super solution.

Competitively priced

ANZ Super Advantage is provided to you at a very competitive price. Your Member Fee for example is less than $1 per week! This competitive pricing is available due to pooling your super together with other employees, resulting in group based rates. These rates are made possible by ING’s size, scale and expertise in employer super.

Unlimited switching between investment funds

Currently there is no Switching Fee‡ charged for switching between investment funds and no limit to how often you can switch!

‡ Please note that if a transaction cost is incurred when buying and selling investment fund assets then it will apply when switching and will be included in the underlying unit price. There is a minimum of $1,000 per switch. For more information on switching and transaction costs please refer to the Member Book, contained on the CD in your Welcome Kit.

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Member education

In order to help you extract the greatest value from your superannuation, ANZ offers a first class member education program.

Through ANZ L-earn, our online financial education tutorial, you can learn about a range of financial topics in your own time and at a pace that suits you. ANZ L-earn has information on savings tips and strategies and key themes of financial investment. The site also contains a range of tools and calculators that can assist you to model scenarios based on your own or hypothetical situations.

Member communication

Upon joining ANZ Super Advantage you will receive a comprehensive Welcome Kit that includes the following:

> a Welcome Letter and Member Benefits Schedule – which set out

information about your employer’s chosen default investment strategy, types of super contributions that may be made to your account, insurance cover, fees and charges applicable to your plan as well as other useful information.

> a comprehensive and user-friendly CD, containing:

– a copy of the ANZ Super Advantage Product Disclosure Statement, including your Member Book, Investment Information Book and Insurance Guide(s)

– a copy of the most recent Super Advantage magazine and Annual Report

– access to ANZ L-earn and other useful website reference information

– information about transferring to ANZ Super Advantage Personal if you leave your employer

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Member education and communication

Access to this site is available at: www.anz.com.au/australia/anzatwork/learning/home.asp

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> a Get it Together Super Transfer Service guide – outlining how you can consolidate all your superannuation savings into your ANZ Super Advantage account

> a SuperConnect guide, a helpful guide to accessing and managing your superannuation online and

> this brochure.

Ongoing communication

To ensure you are kept well informed about your super fund, legislative changes, investment performance and related topics of interest you will receive a series of regular communications and ongoing support throughout the year.

Ongoing member communications include:

> an annual and half yearly member statement

> a bi-annual hard copy of the member newsletter and access to two online member updates available from www.anz.com/wealth/super and

> the Super Advantage magazine and Annual Report.

Consistent and reliable servicing

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Manage your super anytime either via dedicated telephone support or online servicing.

Telephone support

You can manage your super over the telephone via Customer Services by speaking to a dedicated Customer Service Consultant, Monday to Friday 8.00am to 8.00pm (AEST) on 13 38 63 (excluding national public holidays).

Online servicing

For secure, convenient and easy access to your superannuation, you can register and log on to ANZ Investor Access through the ‘Investor Access’ link on www.anz.com/wealth/super

Using this service, you can:

> look up your current account balance > search your transaction history > view your insured benefits > switch investment funds and > update your personal contact details.

Expertise, stability and security

Your plan is managed by ING Australia

Feel confident with your superannuation now and into the future knowing you are benefiting from the strength of ING and ANZ.

ING has been recognised by Money Management for its strength, quality and consistency of investment expertise across all asset classes as well as tactical asset allocation.

ANZ’s extensive network of Financial Planners

ANZ Financial Planners are available nationally to help you understand your options and establish strategies tailored specifically to your personal goals and financial circumstances.

To arrange an appointment with an ANZ Financial Planner, you can:

> call 1800 641 593, Monday to Friday 8am to 8pm AEST (excluding national public holidays)

> visit www.anz.com or

> ask a consultant at your local ANZ branch.

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Portability

Leaving your employer

When you leave your employer’s service (for any reason other than retirement, death or disablement) you can maintain your superannuation savings, insurance arrangements and many other benefits that applied to you while you were in your employer’s plan. We will continue your membership by transferring your benefit to ANZ Super Advantage Personal.

By transferring to ANZ Super Advantage Personal you will enjoy a truly portable account that you can take with you to other employers. For more information on taking your account with you, refer to Your Lifelong Advantage: A guide to transferring to ANZ Super Advantage Personal, available on the CD contained in your Welcome Kit or by visiting www.anz.com/wealth/super

The terms and conditions of your insurance cover may differ in ANZ Super Advantage Personal. You should also note that insurance premiums and the fees and charges that apply to you in ANZ Super Advantage Personal may be higher.

Consolidating your super makes ‘dollars and sense’

ANZ Super Advantage allows fee free transfers from other superannuation funds into your ANZ Super Advantage account (a fee may apply from the transferring fund); and provides a rollover assistance service. You simply need to complete the Get it Together Super Transfer Service guide contained within your ANZ Super Advantage Welcome Kit or available from www.anz.com/wealth/super and we’ll take care of the rest on your behalf.

Find your lost super

Another way to increase your super savings is to find and consolidate your lost super. According to the Australian Tax Office, there is over $9.7 billion§ of unclaimed super that Australians have lost track of. Is any of it yours?

You can track down any lost accounts at www.ato.gov.au/super, the ATO's Super Seeker website.

ANZ Super Advantage accepts more than just Superannuation Guarantee contributions

ANZ Super Advantage accepts the following employer contributions:

> Superannuation Guarantee

> Salary sacrifice

> Additional employer contributions.

§ Source: www.ato.gov.au/super

Employee contributions can also be made to your superannuation account, including those that are:

> regular – by payroll deduction, after tax

> additional – lump sums, co-contributions, spouse contributions or irregular personal contributions| |.

These contributions can be made into your super account via a series of simple and convenient methods including BPAY®, direct credit and cheque. For information on how to make additional contributions, refer to your PDS on the CD in your Welcome Kit or call 13 38 63.

Commencement of a retirement income stream product, such as an allocated pension plan couldn’t be simpler

Retirement can be a life-changing event, both emotionally and financially. There are many things to consider when making the adjustment away from full-time work. It can be beneficial to seek the advice of a professional to ensure that your money works in the best way possible throughout your retirement years.

Your financial adviser can work with you to determine the most appropriate solutions given your circumstances. They can make things less complicated for you, allowing you to worry about the more important things in your retirement: travelling the world, pursuing your favourite hobby or spending more time with your family!

| | no minimums apply® Registered to BPAY Pty Ltd ABN 69 079 137 51813

Consolidating, additional contributions and retirement income streams

Your ANZ Super Advantage contacts

For enquiries about your ANZ Super Advantage account you can:

> Phone 13 38 63

> Visit www.anz.com/wealth/super

> Email customer@ing.com.au

> Post GPO Box 4028, Sydney NSW 2001

> Fax 02 9234 6668

> Contact an ANZ Financial Planner or your financial adviser.

If you are eligible for Choice of Superannuation Fund, you can also seek help in making a fund choice or to compare super funds by:

> Visiting www.anz.com/wealth/super

> Visiting the ATO’s website www.superchoice.gov.au

> Calling the ATO’s SuperChoice Infoline on 13 28 64

> Downloading a copy of the ATO’s Super Choices booklet available from www.superchoice.gov.au or by calling 13 28 64

> Contacting an ANZ Financial Planner or your financial adviser.

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Further information

If you require further information about ANZ Super Advantage, please call Customer Services on 13 38 63 between 8.00am and 8.00pm AEST Monday to Friday (excluding national public holidays) or write to:

ANZ Super Advantage GPO Box 4028 Sydney NSW 2001

Phone 13 38 63 Fax (02) 9234 6668 Email customer@ing.com.au Website www.anz.com/wealth/super

ING Custodians Pty Limited ABN 12 008 508 496 AFSL 238346 RSE L0000673 (ING Custodians) is the issuer and Trustee of ANZ Super Advantage. ING Custodians is a subsidiary of ING Australia Limited ABN 60 000 000 779 (INGA).

The information in this document is only a summary of the product features of ANZ Super Advantage and is current as at December 2006 but may be subject to change. It must not be construed as financial or professional advice and has been prepared without taking into account your objectives, financial situation or needs. You must read the ANZ Super Advantage Product Disclosure Statement and consider obtaining independent advice before making any financial decisions.

For full product information including fees, charges, commissions, terms and conditions please refer to the ANZ Super Advantage Product Disclosure Statement available from www.anz.com/wealth/super or by calling 13 38 63.

www.anz.com

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