Retirement Benefits Fund Welcome to RBF

Retirement Benefits Fund

Welcome to RBF Information in this brochure is current as at 1 May 2011

On the coverNicole (Admin Assistant), RBF member

1 RBF’s commitment

Tasmanian Accumulation Scheme

2 Contributions

TAS account

Super Co-contribution

3 How much is enough?

4 Can I choose how my superannuation is invested?

What charges will I pay?

5 What retirement benefits will I receive?

6 The RBF Board

Right to appeal Board decisions

7 Death and Incapacity Cover

9 Feedback

Further information

Table of contents

Important informationThe information in this document is for members of the Tasmanian Accumulation Scheme. RBF is not licensed to give financial product advice. This document does not include any personal advice and is for general purposes only. As this information and examples do not take your personal financial objectives into account, you should consider how the information relates to your own situation and needs. We recommend that you speak with a financial adviser before making any decisions concerning your superannuation and where appropriate, obtain a copy of RBF’s most recent Member Report. The Report and more information is available on RBF’s website www.rbf.com.au or by telephoning RBF directly on 1800 622 631.

You can request financial advice from RBF Financial Planning Pty Ltd by contacting RBF on 1800 622 631. RBF Financial Planning Pty Ltd (ABN 17 094 816 412, AFS Licence No 239171) is a wholly owned subsidiary of RBF and operates as a separate legal entity from RBF.

While we’ve tried to provide accurate and up-to-date information, things may have changed since the time this document was published. Some information may no longer be correct. As we must comply with our governing legislation and the Tasmanian Accumulation Scheme Trust Deed, the Trust Deed and legislation will be the final authority.

The privacy of your personal information is important to RBF. We understand the need for confidentiality. RBF will hold your personal information securely and use it only for the purposes described in the RBF ‘Privacy Policy’. Your personal information may be transferred between RBF and RBF Financial Planning Pty Ltd. Certain personal information which you provide to RBF may be provided to your employer. RBF will not, however, provide your benefit entitlement information to your employer. Service providers to RBF may also have access to personal information held by us. The privacy of members is protected by confidentiality and privacy clauses contained in the agreements with such service providers.

Chris (Firefighter), RBF member

Welcome to RBF 1

Look after your super and it will look after you

RBF’s commitmentRBF wants to make sure that our members and their families enjoy a successful retirement. RBF helps members achieve this by providing competitive returns, flexible products and services. RBF is the ‘fund of choice’ for most Tasmanian public sector employees.

Benefits that last a lifetimeIf you leave the Tasmanian public sector you can remain a member of the Tasmanian Accumulation Scheme. This means you can continue to make personal contributions to your account in the Tasmanian Accumulation Scheme and access many of the benefits that RBF offers while you are eligible to contribute to super.

Tasmanian Accumulation Scheme (TAS)TAS is an RBF superannuation scheme. TAS was introduced for people becoming Tasmanian public sector employees after 14 May 1999. TAS is the default scheme for all public sector employees.

If you are a public sector employee and not a member of TAS or the RBF Contributory Scheme, you can join TAS at any time.

The advantages of joining TAS are:

strong long-term investment performance

no entry fees, exit fees or commissions

rollovers accepted from other superannuation funds

a range of investment options

prompt, personalised service

when you elect for RBF to receive your Superannuation Guarantee (SG) contributions, you will also receive flexible Death and Incapacity cover.

Flexible product features and servicesTAS members can access a wide range of RBF products and services.

Personal contributions.

Salary sacrifice.

Allocated Pensions.

Lump sum retirement benefits.

Flexible Death and Incapacity cover.

Open a TAS account for your partner.

Seminars, workshops and interviews.

Financial planning advice through RBF Financial Planning.

Chris (Firefighter), RBF member

Even though I have changed my career, I chose to stay with RBF.Lee (Student Paramedic), RBF member

2

ContributionsEmployer contributionsYour employer makes contributions to your superannuation each pay period. These are called Superannuation Guarantee (SG) contributions and they are paid into your TAS account. These contributions are calculated at the rate of nine per cent of salary. Salary sacrifice contributions are also counted as employer contributions.

There is a limit on how much your employer can contribute to your super fund each year. If your employer contributions limit is exceeded, you will have to pay tax on the excess contributions at the top marginal rate plus Medicare levy.

Employer contributions limit

Age under 50 $25,000 per year

Age 50 to 75 Up to $50,000 per year (transitional arrangement from 1 July 2007 to 30 June 2012)

Investing in super could get you where just saving never will

Your contributionsIf you are a TAS member who is a Tasmanian public sector employee you automatically pay contributions of five per cent of salary into your superannuation. This amount will be deducted from your salary, unless you elect in writing to contribute at another rate or to make no contributions. Elections to vary or cease personal contributions should be forwarded direct to your employer.

You can contribute to super by:

salary deductions by either salary sacrifice (counted towards your employer contributions limit and not your personal contributions limit) or post-tax contributions

individual payments (by cheque or BPAY®)

rolling over money from another superannuation fund.

There is a limit on how much you can contribute to your super each year. The personal contributions limit is $150,000 each year or $450,000 over three years for members under the age of 65. These limits apply to the total amount contributed for one person, even if you contribute to more than one account or super fund. Contributions that exceed the three-year contribution limit cannot be accepted and will be returned to the member.

Roll over to your TAS accountYou can roll over superannuation from other funds into your TAS account. If you have superannuation with a number of funds you could be paying multiple administration fees. By rolling over your money to TAS, you may be able to reduce the amount you pay in fees and simplify your superannuation. Rollovers into TAS do not count towards your personal or employer contributions limits.

Super Co-contributionThe Super Co-contribution is a Commonwealth Government initiative to assist people to save for their retirement. If you are eligible* and make personal contributions into your super, the Government will also contribute to your super up to certain limits.

This means that if you make personal contributions* into the TAS account, up to $1,000 could be paid into your superannuation by the Commonwealth Government.

Super Co-contributions do not count towards your personal contributions limit.

*Eligibility conditions including (but not limited to) income thresholds, personal contribution levels and age limits for the Super Co-contribution apply.

For more information please contact RBF.

Personal contributions limit

Age under 65 $150,000 per year per person or $450,000 over three years

Age 65 and over

$150,000 per year per person after passing a work test

Welcome to RBF 3

RBF has been proactive in keeping me informed of my superannuation package.Colin (Inspector), RBF member

Age at entry Salary Age 60 retirement

Age 65 retirement

30 years $35,000 10.44% 5.85%

$45,000 6.42% 2.85%

$55,000 3.86% 0.94%

40 years $35,000 27.76% 17.20%

$45,000 19.89% 11.68%

$55,000 14.89% 8.16%

50 years $35,000 83.28% 45.96%

$45,000 63.07% 34.05%

$55,000 50.21% 26.47%

Note: Assumes a real rate of return of 4.5% a year compounding fortnightly. SG contributions of 9% of salary plus personal contributions as in table. No adjustments have been made for inflation or salary growth.

Percentage of salary you need to contribute per annum to accrue a lump sum of $400,000

How much is enough?There are many views on this – but the answer depends on you. It depends on what age you start paying superannuation, how much you earn, how long you work, whether you take long periods of leave, such as parental leave – and what you want for a comfortable retirement. You start with your employer contributions of nine per cent of your salary. You can make contributions in lump sum cash payments or as a percentage of your salary, it is up to you.

The percentage of salary you need to contribute to accrue a lump sum of about $400,000 varies with age, salary and length of service.

You should note that if you wait until you are aged 60 or over to retire, your accumulated superannuation savings in the Tasmanian Accumulation Scheme will be free from tax.

4

Your super, your choice, your RBF

Can I choose how my superannuation is invested?As a member of TAS you have access to investment choice. With investment choice you can choose an investment strategy to suit your needs.

TAS offers a broad range of investment options with different levels of projected risk and return. Risk is the amount by which the value of your investment is likely to fluctuate in any given period. Return is the money you make on your investments. You can choose to invest your money in one investment option or in a number of options. You can switch between options as often as you like. If you do not choose an investment option, RBF will invest your contributions in the RBF Actively Managed option. This is RBF’s default option.

If you would like to know more about RBF’s investment choice options or the impact of basic investment principles such as risk and return on your account balance, please visit the RBF website at www.rbf.com.au or contact RBF on 1800 622 631.

What charges will I pay?RBF does not charge entry fees, exit fees or commissions.

RBF charges an administration fee and an investment management fee. Each investment option has a different investment management fee.

The administration fee will be deducted directly from the member’s account balance. The investment management fee and any taxation payable on investment earnings will be deducted from gross investment earnings before they are credited to member accounts. The RBF Board’s current policy is that switching between investment options is free of charge.

Your choice – select an investment choice option to fit your lifestyle, your values and your attitude to risk...

Information about fees is published on RBF’s website at www.rbf.com.au and on RBF’s regularly produced crediting rate flyers. For further information please contact RBF.

I have found RBF easy to deal with and very professional.Nick (Custodial Officer), RBF member

Welcome to RBF 5

Don’t just retire, have something to retire with

What retirement benefits will I receive?You can take a benefit from your TAS account when you reach preservation age and retire from the workforce. Please note that if you wait until you are 60 or older before you retire, all of your benefit from your TAS account will be tax-free.

Preservation age

Date of birth Preservation age

Before 1/07/60 55

1/07/60 – 30/06/61 56

1/07/61 – 30/06/62 57

1/07/62 – 30/06/63 58

1/07/63 – 30/06/64 59

After 30/06/64 60

Spouse who has never worked

65

If you need further information about your retirement benefits, contact RBF for:

a retirement brochure

a free personal interview

information about RBF’s retirement seminars.

How is my benefit calculated?Your benefit is a lump sum equal to the balance in your TAS account. The balance of your account is equal to:

your employer contributions (SG and salary sacrifice contributions); plus

your personal contributions; plus

any rollover benefits; plus

any Super Co-contribution payments; plus

your investment earnings (which are net of investment management fees, and tax); less

the cost of Death and Incapacity cover, administration fees and applicable taxes

When can I be paid a benefit?Generally superannuation is usually paid when you retire from the workforce and have reached preservation age, or because of death or permanent incapacity.

You may be entitled to receive a superannuation benefit under transition to retirement. Under transition to retirement some employees may be able to work, earn a salary and receive a pension.

The early release of benefits is only permitted in very limited circumstances if:

you have been receiving an income support benefit for at least 26 weeks without any break. You must have a letter confirming this from the agency (eg Centrelink) that pays you; and

RBF is satisfied that you are unable to meet reasonable and immediate family living expenses. On this basis RBF may release one payment to a maximum of $10,000 to you in any 12-month period;

OR

you meet the criteria specified for compassionate grounds.

Kerri (Community Nurse), RBF member

6

The RBF Board

The RBF Board is the sole trustee of RBF. The RBF Board manages Tasmanian Accumulation Scheme (TAS) to provide retirement benefits for members. TAS is managed in accordance with the TAS Trust Deed and other legislative requirements.

The RBF Board has seven Board Members. The Governor appoints the Board Members for a term not exceeding three years. Of these Board Members:

one is an independent President nominated by the Minister for Finance with agreement of the Tasmanian Trades and Labor Council (now operating as Unions Tasmania);

three are nominees of the Minister for Finance;

two are elected by RBF members. The Tasmanian Electoral Office conducts elections for these two Board Members using a postal ballot system; and

one is a nominee of the Tasmanian Trades and Labor Council (now operating as Unions Tasmania).

Suspension or removal of Board MembersThe process for suspending and removing a Board Member is set out in the Retirement Benefits Act 1993.

1. The Governor may suspend a Board Member for any of the following:

misconduct

incompetence

inefficient administration

after receiving a recommendation from the Australian Prudential Regulation Authority.

2. A Board Member is taken to have vacated office if he or she either:

dies

becomes bankrupt

is absent from three consecutive ordinary meetings of the Board without reasonable notice – unless on leave granted by the Minister

becomes unable to perform competently the duties of the office

is convicted of a crime or offence which is punishable in Tasmania by imprisonment for 12 months or more or has been sentenced to imprisonment following any conviction

resigns

was appointed through holding a particular office and the member ceases to hold that office.

3. Where a Board Member has been elected or chosen in accordance with the regulations, the Governor may remove that person if satisfied that he or she is no longer qualified to be elected or chosen.

Right to appeal Board decisionsIf you make a submission to the Board and you disagree with a preliminary decision which RBF makes, you should follow the steps below:

Write to RBF within 21 days of RBF telling you about its preliminary decision. You should provide any further evidence which will help your application.

RBF will reconsider your application, taking into account the additional information provided.

Before a final decision is made, you will have the opportunity to appear before the RBF Board. You and your legal representative, or another person of your choice, can attend the hearing.

The Board will consider your application and make a final decision.

If you disagree with the Board’s final decision, you can seek a ruling from the Supreme Court.

For more information, contact the RBF Review and Executive Support Officer on 1800 622 631.

RBF gave me valuable information about superannuation and retirement planning.Ken (Radio Room Officer), RBF member

Welcome to RBF 7

Protect your future with RBF Death and Incapacity Cover

Advantages of having Death and Incapacity cover: you can choose a level of cover

which suits you

you have salary continuance if you are sick – receive up to 75 per cent of your salary for up to two years

it covers you seven days a week, 24 hours a day

you have security for you and your family.

Do I have Death and Incapacity cover?Generally, if you:

are a Tasmanian public sector employee;

are under age 60; and

have Superannuation Guarantee (SG) contributions paid to your TAS account

you are entitled to Basic (100 per cent) Death and Incapacity cover. Please refer to the calculation table on page 8 for details of 100 per cent cover.

To receive these benefits you will have to make an application to RBF and show that you meet the relevant criteria. For more information, please contact RBF.

How are benefits calculated?Temporary Incapacity A Temporary Incapacity pension is up to 75 per cent of your salary. The pension is paid fortnightly, subject to medical review, for up to two years.

Death and Permanent IncapacityA Permanent Incapacity or Death Benefit is paid as a lump sum. This can be converted into an RBF Allocated Pension.

RBF would pay the amount in your account plus an amount based on:

your salary;

your level of Death and Incapacity cover;

the number of days remaining until you reach the age of 60; and

the rate of your employer SG contributions.

Who can be paid a Death Benefit?If you die before you retire, a death benefit will be paid to your surviving partner or your registered carer, unless you have registered a valid election with RBF to have all or part of your benefit paid to your estate.

For RBF purposes, surviving partner means your widow or widower and includes a person with whom you were in a significant relationship within the meaning of the Relationships Act 2003, but only where that person was living on a genuine domestic basis with you at the time of your death or in receipt of significant financial support from you.

Under the Relationships Act 2003, a significant relationship is between two adults who:

have a relationship as a couple; and

are not married to one another or related by family, as defined in the Relationships Act 2003.

If you do not have a partner at the time of death but have a registered carer, your death benefit is payable to your registered carer.

Registered carer means a person, other than a surviving partner, with whom you were in a caring relationship which was subject to a deed of relationship registered under Part 2 of the Relationships Act 2003.

If you do not have a surviving partner or a registered carer the death benefit is payable to your estate.

You should note, a death benefit paid to your estate is taxed differently to a death benefit paid to your surviving partner or registered carer. You may wish to seek advice from your lawyer or a financial adviser before making an election.

Levels and cost of Death and Incapacity coverIf your employer contributes SG contributions to your superannuation, these contributions are at the rate of nine per cent of salary. The cost of Basic (100 per cent) Death and Incapacity cover is only 6.12 per cent of your SG contribution. RBF automatically deducts this amount from your TAS account.

If you choose a different level of cover, RBF will deduct the appropriate premium* from your account. The table below shows the cost of each level of cover.

Level of Death and Incapacity cover

Cost as a percentage of your SG contribution

0% 0%

50% 3.62%

100% 6.12%

150% 8.62%

200% 11.12%

250% 13.62%

300% 16.12%

*Death and Incapacity premium rates are subject to regular review.

Protect your future with RBF Death and Incapacity cover

8

How much Death and Incapacity cover do I need?RBF offers 50 per cent to 300 per cent cover. Varying your cover will not affect your Temporary Incapacity Pension.

If you have alternative cover you can apply to cancel your RBF cover.

If you only have Basic (100 per cent) cover, your potential benefit may not be enough.

You will need to have a medical examination if you want to increase your level of cover. Increasing your level of cover will increase your potential Death or Permanent Incapacity Benefit.

ExampleYour benefits increase with the level of cover. Bev is 36 years old. This means her prospective service to age 60 is 24 years. She has $14,500 in her TAS account. Her salary is $42,000 pa.

If Bev had Basic (100 per cent) Death and Incapacity Cover, her benefit would be $105,220. If she had 200 per cent cover, her benefit would be $195,940. The table below shows Bev’s final benefit depending on her level of cover.

Balance of TAS account

Level of cover

Calculation Final benefit

$14,500 50% 0.5 x ($42,000 x 9% x 24) = $45,360 $59,860

$14,500 Basic 100% 1.0 x ($42,000 x 9% x 24) = $90,720 $105,220

$14,500 150% 1.5 x ($42,000 x 9% x 24) = $136,080 $150,580

$14,500 200% 2.0 x ($42,000 x 9% x 24) = $181,440 $195,940

$14,500 250% 2.5 x ($42,000 x 9% x 24) = $226,800 $241,300

$14,500 300% 3.0 x ($42,000 x 9% x 24) = $272,160 $286,660

When does my Death and Incapacity cover cease?Unless you are receiving a Temporary Incapacity pension, or in receipt of a regular benefit in accordance with the Workers Rehabilition and Compensation Act 1988, your Death and Incapacity cover will cease if any of the following occurs:

if you elect not to have Death and Incapacity cover

on termination of employment from the public sector

four months after RBF receives the last SG contribution from your employer

twelve months after RBF receives the last SG contribution from your employer if you have been on sick leave without pay or parental leave

on joining an alternative superannuation fund

on the day you reach age 60.

If more than one of these events occurs, your cover will cease from the earliest date.

Important information for members who are currently considering leaving the public sectorPlease note that if you are no longer a public sector employee, you no longer have the right to make an application for an invalidity benefit. If you are planning to make a claim, you must be a current public sector employee who has Death and Incapacity cover in order to be eligible.

There’s more information about claiming your benefit on the RBF website at www.rbf.com.au where you can also find information about the relevant RBF legislation.

I have appreciated the low fees and flexibility RBF offers, along with the ongoing assistance of their staff.Ian (Retiree), RBF member

Welcome to RBF 9

More information about RBF’s management and financial condition and investment performance is contained in the Member Report.

RBF will send you:

annual Membership Statements

information about RBF’s investment performance

information about RBF’s products and services.

You could also explore your superannuation options by reading one of RBF’s brochures. RBF has a full range of brochures on the following topics:

Member Investment Choice

retirement products

personal contributions

salary sacrifice

spouse accounts

super Co-contributions

rolling over your superannuation accounts

Death and Incapacity cover

You can visit the RBF website and logon to access your personal account details at www.rbf.com.au.

Feedback

Further information

I willingly contribute extra money to my superannuation to help me maintain a comfortable lifestyle once I retire.Irene (Cashier), RBF member

RBF welcomes all feedback from members. Member feedback can help RBF to provide you with a better service. RBF is committed to settling any member complaints or concerns quickly and fairly. If you have any complaints, concerns or feedback, please contact RBF.

*SA011.406Z51*

For more information, refer to the Welcome to RBF brochure.

If you’re unsure of your decisions, we recommend that you consult a licensed financial advisor.

Please sign and return your completed form to RBF.

Tasmanian Accumulation Scheme

Welcome to RBF – Membership application detailsAbout this formComplete this form if you want to:

• update your personal details

• change the investment options for your future contributions

• change your level of Death and Incapacity Cover

• nominate who you would prefer to receive your super if you die while you are a member of RBF

• advise your tax file number

Title Mr Mrs Ms Miss Other Date of birth / /

Given names

Surname

Postal address

Suburb State Postcode

Daytime telephone Mobile

-

Email

Membership number

Note: Your membership number can be found on your membership details statement which is enclosed with your welcome letter.

Step 1 – Complete your personal details

Issued by Retirement Benefits Fund Board ABN 97 724 593 931 as Trustee for Retirement Benefits Fund (RBF) ABN 51 737 334 954

Please print in black or blue pen, in uppercase, one character per box.

A ✓

If you need helpFor assistance call the RBF Enquiry Line on 1800 622 631.

*SA011.406Z52*

Protect your family’s financial wellbeing – think about your Death and Incapacity CoverGenerally, if you are a Tasmanian public sector employee, are under age 60 and have Superannuation Guarantee (SG) contributions paid into your account in the Tasmanian Accumulation Scheme, you are entitled to Basic (100%) Death and Incapacity Cover.

You can elect to vary the level of your Death and Incapacity Cover. For more information, refer to the Death and Incapacity Cover for members of the Tasmanian Accumulation Scheme brochure available by contacting RBF on 1800 622 631 or from the website at www.rbf.com.au.

I elect to vary my level of Death and Incapacity Cover as follows:

50% Basic Cover

Basic Cover (100%)

150% Basic Cover

200% Basic Cover

250% Basic Cover

300% Basic Cover

I understand that I will need to satisfactorily complete a medical examination at my own expense before an election to increase Death and Incapacity Cover can be approved by the RBF Board.

I understand that any variation to my level of Death and Incapacity Cover will only take effect on the day the RBF Board provides written confirmation of my increased level of Death and Incapacity Cover.

Please complete the Medical examination form available by contacting RBF on 1800 622 631 or from the website at www.rbf.com.au if you’ve applied for an increase in your level of Death and Incapacity Cover.

Take control of how your super is investedYou can choose to invest in one or more investment options. RBF will not be able to implement your choice if you provide percentages with decimal places or if your percentages do not equal 100%.

I elect to change my investment options as detailed below:

Diversified options:Future contributions

Percentage to be invested

RBF Long Term Growth %

RBF Actively Managed (Default) %

RBF Socially Responsible Investments %

RBF Moderate Growth %

RBF Conservative Growth %

Asset Class options:

RBF Australian Shares %

RBF International Shares %

RBF Property & Alternative Investments %

RBF Fixed Interest %

RBF Cash %

Total (must equal 100%) 1 0 0 %

Step 2 – Choose your investment options

Step 3 – Choose your level of Death and Incapacity Cover

*SA011.406Z53*

Who’ll get your super if you die while you’re with RBF?In the event of my death, I hereby elect:

To have 100% of my Death Benefit paid to my estate

To have part of my Death Benefit paid to my estate % (nominate percentage)

I acknowledge that unless I elect otherwise, the percentage nominated will be applied to the Death Benefit held under the membership number shown on this form.

To ensure your Death Benefit is paid in accordance with your current wishes, you should review your Will regularly. You should also review your Will if your domestic and/or financial circumstances change. For more information you should refer to the brochure Who will receive my RBF Death Benefit? available by contacting RBF on 1800 622 631 or from the website at www.rbf.com.au.

Step 4 – Make your nomination (Please tick one and nominate percentage if required)

Don’t pay more tax than you have to – let us know your tax file number.Your tax file number is confidential and you don’t have to give it to the RBF. It is not an offence to not provide your tax file number. However, you may pay more tax than you have to if you don’t supply it.

My tax file number is: - -

Special note: The RBF Board is required by law to ask for your tax file number. By providing your tax file number, you’re allowing the RBF Board to use it to:

• find or identify your super when there’s no other way

• work out any tax payable

• pass your tax file number to the Australian Taxation Office when you receive your super payout or have unclaimed super money after reaching pension age

• pass your tax file number to any other super fund or account to which your super is transferred in the future, unless you tell the RBF Board in writing not to do so

• report details of contributions to the Australian Taxation Office for working out whether any tax is applicable if contributions for you exceed certain limits

• if required by law, pass your tax file number to other Government agencies.

If you don’t provide your tax file number, now or later:

• you may pay more tax on contributions made by your employer and certain other contributions made by or for you. In some circumstances, you may be able to claim this back, however time limits and other rules may apply

• the RBF Board will only be able to accept contributions made for you by your employer. No other contributions, for example, after-tax contributions, can be accepted

• you may pay more tax on your super benefit than you would otherwise (although you can claim this back when you lodge your tax return), and

• it may be more difficult to find your super in the future if you change you address without notifying the RBF Board or if you rollover any other super accounts you may have.

The legal purposes for which the RBF Board can use your tax file number and the consequences of not quoting your tax file number may change in the future.

Step 5 – Provide your tax file number

*SA011.406Z54*

By signing this form I:• acknowledge that I have received all information I require in order to exercise the choices I have made

• acknowledge that I have read and understood the Welcome to RBF brochure and accept that I will be bound by the provisions of RBF’s governing legislation

• understand that the information contained in this form will be relied upon and used by the RBF Board to provide and manage my super. For this purpose, my personal information may pass between the RBF Board and its administrator and professional advisers, insurers, government bodies, my employer and other parties as required, including the Trustee of any other super fund my super is transferred to

• consent to the handling of my personal information in this manner. If I do not give this consent my choices cannot be implemented

• understand I can access my personal information by writing to RBF’s Privacy Officer

• acknowledge that if I’ve provided my email address details on this form, the RBF Board may, at its discretion, use that email address to send information, including any annual reports, member and exit statements and notices of any material changes or the occurrence of significant events, by electronic means.

Signature Date

✗ / /

Please return your completed form to RBF, Reply Paid 446, Hobart, TAS 7001.

Step 6 – Sign the form

2011

0520

Tasmanian Accumulation Scheme

Election to vary contributionsAbout this formYou can use this form to commence, cease or change your regular contributions into your Tasmanian Accumulation Scheme account. The completed form must be returned to your employer.

Personal contributions (non-concessional contributions)

Non-concessional contributions are contributions made to your super from your after tax salary. They are also called personal contributions and do not include salary sacrifice contributions.

There is an annual limit on all non-concessional contributions of $150,000 per financial year or $450,000 over three years if you are under age 65. You will incur penalty tax if you make contributions in excess of this limit. RBF will not accept non-concessional contributions unless you have provided your tax file number.

Salary sacrifice contributions (concessional contributions)

Salary sacrifice contributions are paid by your employer and are deducted from your salary before tax. Salary sacrifice contributions can only be arranged with your employer, and RBF can only accept salary sacrifice contributions from eligible Tasmanian public sector employers.

There is an annual limit on all concessional contributions of $25,000 per financial year or $50,000 per year until 30 June 2012 if you are age 50 or over when you make the contributions. You will incur penalty tax if you make contributions in excess of this limit.

If you need helpFor assistance call the RBF Enquiry Line on 1800 622 631.

Title Mr Mrs Ms Miss Other Date of birth / /

Given names

Surname

Postal address

Suburb State Postcode

Daytime telephone Mobile

- -

Email

Membership number

Step 1 – Complete your personal details

Issued by Retirement Benefits Fund Board ABN 97 724 593 931 as Trustee for Retirement Benefits Fund (RBF) ABN 51 737 334 954.

Please print in black or blue pen, in uppercase, one character per box. A ✓

Your instructions will not be accepted unless you have signed this declaration.By signing this form I:

• acknowledge that I have read and understood the information provided in this form and agree to be bound by it

• understand that my employer must approve any contributions made from my before tax salary

• authorise the deduction of contributions from my salary as set out in this form to commence from the next pay period after the employer approval date

• accept that I will be bound by the provisions of RBF’s governing legislation

• understand that nothing on this form constitutes financial advice or recommendations

• the information on this form will be handled by the RBF Board to process my contribution election. For this purpose, my personal information may pass between RBF and its administrator and professional advisers, insurers, government bodies, my employer and other parties as required, including the Trustee of any other super fund my super is transferred to.

• I consent to the handling of my personal information in this manner. If I do not give this information my contribution election will not be implemented. I can access my information by contacting RBF’s Privacy Officer.

Signature Date

✗ / /

Please return your completed form to your payroll officer.

Step 3 – Sign the form

I elect to contribute to my Tasmanian Accumulation Scheme account as follows: (Select the appropriate option) ✓

OPTION 1: Personal contributions (non-concessional contributions) (Select an option) ✓

I understand that only my personal contributions will be eligible for Government co-contributions consideration.

Dollar amount per fortnight:

$ , .

Percentage of salary per fortnight:

% OPTION 2: Salary sacrifice contributions (concessional contributions) (Select an option) ✓

I understand that salary sacrifice contributions are subject to my employment terms and conditions.

Dollar amount per fortnight:

$ , .

Percentage of salary per fortnight:

%Please action my request from the first pay period after receipt of this form.

Step 2 – Contribution election

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Contacting RBFVisit: www.rbf.com.au

Phone: 1800 622 631 or +61 3 8687 1863 (if you’re calling from overseas)

Fax: (03) 9245 5827

Write: Reply Paid 446, Hobart TAS 7001

Office: 39 Sandy Bay Road, Hobart Level 1/87 George Street, Launceston

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AL/B/00105 (V9-07/10) Issued by Retirement Benefits Fund Board ABN 97 724 593 931 as Trustee for Retirement Benefits Fund (RBF) ABN 51 737 334 954.