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Personal details AMIST Super Membership Number Have you previously registered as a member of AMIST Super? No Yes ■■■■■■■■■■ Mr/Mrs/Ms/Miss Surname ■■■■■ ■■■■■■■■■■■■■■■■■■■ Given Names ■■■■■■■■■■■■■■■■■■■■■■■■■ Street Number / PO Box Street Name ■■■■■■■ ■■■■■■■■■■■■■■■■■ Suburb State Postcode ■■■■■■■■■■■■■■■■ ■■■ ■■■■ Date of birth (dd/mm/yyyy) Telephone ■■■■■■■■ ■■■■■■■■■■ Email ■■■■■■■■■■■■■■■■■■■■■■■■■ Tax File Number My TFN is: ■■■■■■■■■ We will only use your TFN for lawful purposes such as helping you locate lost super. You don’t have to provide your TFN, but if you don’t we may be unable to accept all types of contributions or you may need to pay more tax. Please refer to the section “Providing your Tax File Number” in the AMIST Super Taxation Fact Sheet. Find My Super Please use my TFN to locate my super. AMIST Super can use your TFN to search for super you may have with the ATO or other funds. If we find any money held with the ATO we can normally roll this over to your AMIST Super account automatically. If we find any money held with another fund we will let you know and give you the option to roll it over to AMIST Super, so all of your money is in one place. If you already know where your other super is held and would like to roll it over to your AMIST Super account please complete the ‘Rollover” form at www.amist.com.au/forms-members or call us on 1800 808 614 and we can help you do this. Employment details if applicable Employer trading name ■■■■■■■■■■■■■■■■■■■■■■■ Employer’s contact number Employer number with AMIST Super ■■■■■■■■■■ ■■■■■■■■■■ Payroll number (If applicable) Date joined employer (dd/mm/yyyy) ■■■■■■■■■■ ■■■■■■■■ Basis of employment: Full Time Part Time Casual Declaration (please make sure you have read/completed the other side of this form) YOU MUST COMPLETE THE REVERSE SIDE OF THIS FORM I apply to become a member of AMIST Super. If accepted as a member I agree to be bound by the Trust Deed that governs the Fund. I declare that I have read the accompanying Product Disclosure Statement (PDS) and I am not absent from work due to illness or injury on the date of signing this Application for Membership. I nominate the person(s) shown overleaf as my preferred beneficiary/s for the payment of my benefit in AMIST Super when I die. I understand that: • my nomination will be used by the Trustee as a guide only: and • the Trustee is not in any way bound by the nomination when exercising its absolute discretion to pay my benefit in AMIST Super in the event of my death. I declare that all the above details are correct. Signature Date (dd/mm/yyyy) ■■■■■■■■ Complete this form in BLACK ink with a ballpoint pen using BLOCK letters | Any request will be invalid if not signed and dated Please mail this form to: AMIST Super, Locked Bag 5390, Parramatta NSW 2124 | AMIST Super Hotline: 1800 808 614 Membership of AMIST Super APPLICATION FOR Page 1 of 2 ISSUE DATE 1 JULY 2021 AM/MBR 84.2 08/20 ISS21
Transcript

Personal details AMIST Super Membership Number

Have you previously registered as a member of AMIST Super? ■ No ■ Yes ■■■■■■■■■■Mr/Mrs/Ms/Miss Surname

■■■■■ ■■■■■■■■■■■■■■■■■■■Given Names

■■■■■■■■■■■■■■■■■■■■■■■■■Street Number / PO Box Street Name

■■■■■■■ ■■■■■■■■■■■■■■■■■Suburb State Postcode

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

■■■■■■■■ ■■■■■■■■■■Email

■■■■■■■■■■■■■■■■■■■■■■■■■Tax File Number

My TFN is: ■■■■■■■■■ We will only use your TFN for lawful purposes such as helping you locate lost super. You don’t have to provide your TFN, but if

you don’t we may be unable to accept all types of contributions or you may need to pay more tax.

Please refer to the section “Providing your Tax File Number” in the AMIST Super Taxation Fact Sheet.

Find My Super

■ Please use my TFN to locate my super.

AMIST Super can use your TFN to search for super you may have with the ATO or other funds. If we find any money held with the ATO we can normally roll this over to your AMIST Super account automatically.

If we find any money held with another fund we will let you know and give you the option to roll it over to AMIST Super, so all of your money is in one place. If you already know where your other super is held and would like to roll it over to your AMIST Super account please complete the ‘Rollover” form at www.amist.com.au/forms-members or call us on 1800 808 614 and we can help you do this.

Employment details if applicableEmployer trading name

■■■■■■■■■■■■■■■■■■■■■■■Employer’s contact number Employer number with AMIST Super

■■■■■■■■■■ ■■■■■■■■■■Payroll number (If applicable) Date joined employer (dd/mm/yyyy)

■■■■■■■■■■ ■■■■■■■■Basis of employment: ■ Full Time ■ Part Time ■ Casual

Declaration (please make sure you have read/completed the other side of this form)

YOU MUST COMPLETE THE REVERSE SIDE OF THIS FORM

I apply to become a member of AMIST Super. If accepted as a member I agree to be bound by the Trust Deed that governs the Fund. I declare that I have read the accompanying Product Disclosure Statement (PDS) and I am not absent from work due to illness or injury on the date of signing this Application for Membership. I nominate the person(s) shown overleaf as my preferred beneficiary/s for the payment of my benefit in AMIST Super when I die. I understand that:• my nomination will be used by the Trustee as a guide only: and• the Trustee is not in any way bound by the nomination when exercising

its absolute discretion to pay my benefit in AMIST Super in the event of my death.

I declare that all the above details are correct.Signature

Date (dd/mm/yyyy)

■■■■■■■■

Complete this form in BLACK ink with a ballpoint pen using BLOCK letters | Any request will be invalid if not signed and datedPlease mail this form to: AMIST Super, Locked Bag 5390, Parramatta NSW 2124 | AMIST Super Hotline: 1800 808 614

Membership of AMIST SuperAPPLICATION FOR

Page 1 of 2 ISSUE DATE 1 JULY 2021 AM/MBR 84.2 08/20 ISS21

TRIM

Preferred beneficiary/s

PrivacyPersonal Information Collection Notification Statement: AMIST Super advises that personal information it holds about you (including your name, address, date of birth and details of the financial assets) is collected to administer your superannuation account. Some or all of your personal information may be disclosed to contracted third parties in Australia and overseas. Your information may also be disclosed to Australian government agencies, law enforcement agencies and regulators, or as required under other Australian law, contract, and court or tribunal order. For further details about our personal information handling practices, including how you may access and correct your personal information and raise privacy concerns, visit our website at www.amist.com.au for a copy of our Privacy Policy, or contact us by phone on 1800 808 614 (toll free call from fixed lines within Australia), 8am–8pm (Sydney time), Monday to Friday (excluding public holidays) to request a copy of our complete Privacy Policy.

Direct MarketingFrom time to time, the AMIST Super trustees may send members communication material, also known as direct marketing material, about special offers and promotions, which are available to AMIST Super members only.

If you are happy for AMIST Super to use your information to send you direct marketing information tick this ‘yes’ box: ■ ■ YesIf you don’t want AMIST Super to use your personal information to send you direct marketing information tick this ‘no’ box: ■ ■ NoWhatever you decide, you will have an opportunity to change your mind at any time.

Insurance CoverYou have access to Life, Total and Permanent Disablement and Income Protection insurance cover through your AMIST Super Membership. Once you meet the eligibility criteria we will automatically provide you with insurance cover. For more information or to find out how to Opt In to insurance cover early, please see Section 8 of the PDS.

IMPORTANT INFORMATION

Mr/Mrs/Ms/Miss Surname Given Names Relationship (eg. wife, son) Portion of Benefit

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%

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Page 2 of 2 ISSUE DATE 1 JULY 2021 AM/MBR 84.2 08/20 ISS21

Duty of disclosureA person who enters into a life insurance contract in respect of your life has a duty, before entering into the contract, to tell the insurer anything that he or she knows, or could reasonably be expected to know, which may affect the insurer’s decision to provide the insurance and on what terms.The person entering into the contract has this duty until the insurer agrees to provide the insurance.The person entering into the contract has the same duty before he or she extends, varies or reinstates the contract.The person entering into the contract does not need to tell the insurer anything that:

● reduces the risk the insurer insures him or her for; or● is common knowledge; or● the insurer knows or should know as an insurer; or● the insurer waives his or her duty to tell them about.

If the person does not tell the insurer something that he or she knows, or could reasonably be expected to know, this may affect the insurer’s decision to provide the insurance and on what terms, and may be treated by the insurer as a failure by the person entering into the contract to tell the insurer something that he or she must disclose to the insurer.

If the person entering the contract does not tell the insurer somethingIn exercising the following rights, the insurer may consider whether different types of cover can constitute separate contracts of life insurance. If they do, the insurer may apply the following rights separately to each type of cover.If the person entering into the contract does not tell the insurer anything he or she is required to, and the insurer would not have provided the insurance if he or she had disclosed the information, the insurer may avoid the contract within 3 years of entering into it.If the insurer chooses not to avoid the contract, the insurer may, at any time, reduce the amount of insurance provided. This would be worked out using a formula that takes into account the premium that would have been payable if the person had told the insurer everything he or she should have. However, if the contract has a surrender value, or provides cover on death, the insurer may only exercise this right within 3 years of entering into the contract.If the insurer chooses not to avoid the contract or reduce the amount of insurance provided, the insurer may, at any time vary the contract in a way that places the insurer in the same position the insurer would have been in if the person had told the insurer everything he or she should have. However, this right does not apply if the contract has a surrender value or provides cover on death.If the failure to tell the insurer is fraudulent, the insurer may refuse to pay a claim and treat the contract as if it never existed.

Australian Meat Industry Superannuation Pty Limited (Trustee) ABN:25 002 981 919 RSE Licence: L0000895 AFSL: 238829 as Trustee for Australian Meat Industry Superannuation Trust (AMIST) ABN: 28 342 064 803 Registration No. R1001778

AMIST Super Hotline 1800 808 614

www.amist.com.au [email protected] Bag 5390 Parramatta NSW 2124

TRIM

AM

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Supe

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1 J

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2021

Product Disclosure Statement

AMIST Super | Product Disclosure Statement | 1 July 2021

Contents1. About AMIST Super 12. How super works 13.BenefitsofinvestingwithAMISTSuper 24.Risksinsuper 25.Howweinvestyourmoney 36. Fees and costs 47.Howsuperistaxed 58.Insuranceinyoursuper 69. How to open an account 8

About this Product Disclosure Statement (PDS)ThisPDSisasummaryofthemainfeaturesofAMISTSuperandhasbeenpreparedinaccordancewiththeshorterPDSregime.ItisasummaryofsignificantinformationandcontainsanumberofreferencestoimportantinformationthatiscontainedinseparateGuidesandFactSheetsthatareincorporatedintothisdocumentbyreference.TheotherdocumentsreferredtointhisPDScanbeaccessedfromourwebsitewww.amist.com.auoryoucanobtainacopybycallingtheAMIST Super Hotline on 1800 808 614.

Youshouldconsiderthereferencedinformationbeforemakingadecisiontoinvestinthisproduct.Detailsofwheretofindthereferencedinformationappearswhereyouseethe

Pleasenotetheinformationiscurrentat1July2021andissubjecttochangebetweenthetimeofreadingandwhenyoujoin.Updatedinformationisavailablefreeofchargefromwww.amist.com.auorbycallingtheAMIST Super Hotline on 1800 808 614.

TheinformationprovidedinthisPDSisofageneralnatureonlyanddoesnottakeintoaccountyourpersonalfinancialsituationorneeds.Youmaywishtoconsultalicensedfinancialadvisertoobtainadvicethatistailoredtoyourpersonalcircumstances.

ThisProductDisclosureStatement(“PDS”)isissuedon1July2021bytheAustralianMeatIndustrySuperannuationPtyLtdABN25002981919asTrusteefortheAustralianMeatIndustrySuperannuationTrust(“AMISTSuper”orthe“Fund”)ABN28342064803,AustralianFinancialServicesLicenceNo.238829.

AMISTSuper’sUniqueSuperannuationIdentifier(USI)is28342064803589.

1800 808 614AMIST Super Hotline

AMIST Super Hotline 1800 808 614 | [email protected] | www.amist.com.au Page | 1

By e-mail: [email protected]

By fax: 1300855378

From overseas: +61 2 8571 5739 (youwillbechargedbyyourserviceproviderforanoverseascall).

1. About AMIST Super AMISTSuperisa“notforprofit”industrysuperannuationfundsponsoredbytheAustralianMeatIndustryCouncil.AMISTSuperwasoriginallyestablishedtoprovidebenefitsforemployeesofthemeatindustryandtheirdependants–butnow,AMISTSuperisopentoanypersonoverage15years,irrespectiveoftheindustryinwhichtheyareemployed. AMISTSuperhasover55,000members,11,800employersandover$2.3billioninassetsundermanagement.

AMISTSuperisoperatedbyatrusteecompany,AustralianMeatIndustrySuperannuationPtyLtd(ABN25002981919),whichholdstheassetsofthefundintrustforthemembers.TheBoardconsistsofequalnumbersofemployerandmemberrepresentativesandanindependentChair,whoareresponsibleformanagingthefundinthebestinterestofallmembers.TheTrusteeappointsprofessionalserviceprovidersandconsultantstoassistwiththerunningofAMISTSuper.

AMISTSuperoperatesentirelyforthebenefitofitsmembers-anyearningsofthefundareallocatedtomembers,afterthepaymentofoperatingexpensesofthefundandmaintenanceofreserves.Membersdonotpayanycommissions.AMISTSuperisaMySuperauthorisedsuperfundandacceptssupercontributionsfromemployers.InformationabouttheMySuperdashboardcanbefoundonourwebsiteatwww.amist.com.au/mysuper-dashboard/.Othermatterswearerequiredtodisclosetomembers,includingexecutiveremunerationcanbefoundatwww.amist.com.au/disclosure/.

Contact usAMIST Super Hotline: 1800808614

(tollfreecallfromfixedlines withinAustralia)

AMIST Pension Hotline: 1800255521

By mail: AMIST Super LockedBag5390 ParramattaNSW2124

2. How super worksSuperannuation(super)isalong-terminvestmentthatenablesyoutosaveforyourretirement.Taxconcessionsandothergovernmentbenefitsmakesuperanattractivelongterminvestmentvehicle.

Formostpeople,someofyourincomemustbepaidintoasuperaccountwhenyoustartwork.ThisisknownastheSuperannuationGuarantee(SG)contribution.Youcanalsomakeextracontributionstoassistwithreachingyourretirementincomegoals.InvestmentearningsareappliedtoyouraccountannuallyandcompulsorySGcontributionspaidbyyouremployerareappliedtoyouraccountatthetimethattheyarereceivedfromyouremployer.Investmentearningsareappliedtobothyourcontributionsandearningspreviouslyappliedwhichcanassistyouraccounttogrowovertime.

TheAustralianGovernmentprovidesarangeofincentivesforpeopletosavefortheirretirementthroughsuperannuation.Asaresult,superistaxeddifferentlyfromotherinvestmentsandtherecanbesignificanttaxadvantagesinsavingforyourretirementusingsuper.Currently,ifyourincomeislessthan$56,122(for2021/22FinancialYear)andyoumakeanextracontributiontoyoursuperoutofafter-taxearnings,youmaybeeligibletoreceiveaspecialpaymentfromtheGovernmentintoyoursuper(calledtheGovernmentco-contribution).

ContributionsGenerally,ifyouareemployedandearnmorethan$450amonth,youremployerwillbemakingSGcontributionsintoasuperfundforyou.

Mostpeoplecanchoosewhichsuperfundthey’dliketheirsupercontributionspaidinto,butinsomecasesyoursuperfundmaybedeterminedbythetermsofyouremployment.TheGovernmentisdevelopinganonlinesystemwhichwillletyouremployercheckwhichsuperfundyouarewithwheneveryouchangejobs.Untilthatsystemisinplace,ifyouwishtochooseAMISTSupertoreceiveyourcontributionsyoucanprovideyouremployerwithacompletedMy choice of fundformavailableatwww.amist.com.au >Super>GrowyourSuper>Takingyoursupertoa new job.

You can now join AMIST Super online. Visitwww.amist.com.au andclickonthe

yellow‘Joinus’button.

Thenclickonthe‘Joinonlinenow’buttontobegin.

AMIST Super | Product Disclosure Statement | 1 July 2021Page | 2

Regardlessofwhetheryouhavechosenyoursuperfundoritisdecidedforyou,youcanmakeyourownadditionalcontributions.Youcandothisby:

• askingyouremployertodeductextramoneyfromyourpaybeforetaxistakenoutandtopaythisintoyourAMISTSuperaccount(calledsalarysacrifice);

• makingcontributionstoyourAMISTSuperaccountfromyourafter-taxincome;or

• transferringsuperyouhavefromanotherfundintoyourAMIST Super account.

Therearelimitationsonhowmuchyoucancontributetosupereachyear.SeetheContributions FactSheetforcurrentlimits.

InvestmentsAMISTSuperinvestsyourmoney.Yoursuperwillincreasewithpositiveinvestmentearningsanddecreaseiftherearenegativeinvestmentreturns.

Youcanchoosehowyou’dlikeyourmoneyinvestedbychoosingtoinvestinoneormoreoftheeightinvestmentoptionsthatAMISTSuperoffers.Youcantransferyourmoneytoadifferentinvestmentoptionwithinourfundweekly.

Ifyoudonotchoosewhichinvestmentoptionyou’dlikeyourmoneyinvestedin,yoursuperwillgointoAMISTMySuperwhichistheFund’sdefaultoption.

WithdrawalsGenerally,youcan’taccessyoursuperuntilyou’veretiredandreachedearlyretirementagewhichiscurrentlybetweenage55and60dependingonwhenyouwereborn.Therearesomecircumstanceswhereyoumayapplyforpaymentpriortoearlyretirement.PleaserefertotheAMIST Super SuperannuationPaymentsFactSheetontheJoinuspageofourwebsiteformoredetails.

YoushouldreadtheimportantinformationaboutinvestmentriskscontainedintheAMISTSuperInvestmentGuidebeforemakingadecisionregardingthe investmentofyoursuperannuation.Goto

www.amist.com.au>Super>Joinusorcontactuson1800 808 614toobtainacopy.

ThismaterialmaychangebetweenthetimewhenyoureadthisStatementandthedaywhenyouacquirethisproduct.

3. BenefitsofinvestingwithAMIST Super

AMISTSuperwillhelpyoumaximiseyourretirementsavingsbecausewehave:• flexiblemembership,soyoucanstaywithAMISTSuper

whenyouchangejobs;• onlineaccesstoyouraccount;• optiontotransferallorpartofyoursupertoAMIST

Pensiononceyoureachearlyretirementage;• superannuationplanningadvice;and• insuranceoptionstolookafteryouandyourfamily,

includingAutomaticInsuranceCoverforeligiblemembers.

4. RisksinsuperAllinvestmentshavesomelevelofrisk.Superfundsinvestinarangeofassetclasses–forexample,cash,fixedinterest,propertyandshares(equities).Alloftheseassetclasseshavedifferentlevelsofriskwiththeexpectationthatahigherriskoptionmayproduceahigherreturn.Thelikelyinvestmentreturnandthelevelofriskoflosingmoneyisdifferentforeachinvestmentoptiondependingontheunderlyingmixofassets.Thoseassetswithpotentiallythehighestreturnoverthelongerterm(suchasequities)alsohavethehighestriskoflosingmoneyoverashorterterm.Theappropriatelevelofriskforyouwilldependonyourage,investmenttimeframe,whereotherpartsofyoursavingsareinvested,andyourrisktolerance.Whenconsideringyourinvestmentinsuper,itisimportanttounderstandthat:• thevalueofyourinvestmentislikelytogoupanddown

overtime;• returnsarenotguaranteedandyoumayevenlosesome

ofyourmoney;• thelevelofreturnswillvaryandpastreturnsarenot

necessarilyanindicationoffuturereturns;• superannuationlawsmaychangeinthefuture;and• yourfuturesuperannuationsavings(including

contributionsandreturns)maynotbeenoughtoprovideadequatelyforyourretirement.

AMISTSuper,viaourfinancialplanningpartner,LinkAdvice,canhelpyouunderstandinvestmentriskanddesignaninvestmentstrategythatisrightforyou.AMISTSuperwantsmemberstoplanfortheirretirementcorrectlyandsoweoffersingleissuesimplesuperannuationadviceatnoextracostonyourAMISTSuperaccount.LinkAdvicecanbecontactedviatheAMIST Super Hotline on 1800 808 614.

FordetailsofwhenyoucanreceivepaymentofabenefitfromAMISTSuperyoushouldreadtheimportantinformationthatiscontainedintheAMISTSuper

SuperannuationPaymentsFactSheetbeforemakingadecision.Gotowww.amist.com.au>Super>Joinusor contact us on 1800 808 614toobtainacopy.

ThismaterialmaychangebetweenthetimewhenyoureadthisStatementandthedaywhenyouacquirethisproduct.

Want to know more?YoucanfindfurtherinformationaboutsuperannuationontheAustralianSecuritiesandInvestmentsCommission(ASIC)websitewww.moneysmart.gov.auortheAustralianTaxationOffice(ATO)websitewww.ato.gov.au/super.

AMIST Super Hotline 1800 808 614 | [email protected] | www.amist.com.au Page | 3

5. HowweinvestyourmoneyAMISTSuperhaseightinvestmentoptions,Secure, Capital Stable, Balanced, Growth, Shares (previously known as High Growth), Property, Alternatives and MySuper.Eachonehasadifferentlevelofriskandpotentiallevelofreturns.Youshouldconsiderthelikelyinvestmentreturn,riskandyourinvestmenttimeframewhenchoosingwhichoptiontoinvestin.Youcanchooseoneoptionoracombinationofdifferentoptions.

If you don’t make a choice, your super will go into the Fund’s default product, MySuper, which is summarised in the table below.

TheriskmeasuresareproducedinaccordancewiththeStandardRiskMeasureguidanceissuedjointlybytheAssociationofSuperannuationFundsofAustralia(ASFA)andtheFinancialServicesCouncil(FSC).Thesearecalculatedusinganumberofassumptionsabouthowinvestmentmarketsareforecasttoperform,howmuchvolatilitythereislikelytobeandhowdifferentassetclassesarerelated.Theseassumptionsarenotguaranteed.

Theoutputisproducedonthebasisoftheprobabilityofanegativereturn(e.g.theaveragenumberofyearsina20yearperiodwherethereturncouldbenegative).Theexpectedchanceoflossisonagrossoftaxbasisexcludingimputationcredits,andisbeforeadministrationfeesthoughaftertakingaccountofinvestmentmanagementfees.Aconservativeapproachtoincorporatingexpectationsforinvestmentmanageroutperformancehasbeentaken.Theseareestimatesonlyandarenotguaranteed.Actualoutcomesmaydiffersignificantlyfromtheestimates.Atechnicaldescriptionofthemethodologycanbeprovideduponrequest.

AMIST MySuper

Investment return objective Inflationplus3%overrollingtenyearperiods

Description Investsinamixofgrowthanddefensiveassetstoprovideabalancebetweenriskandreturn.Therewillbesomefluctuationsofreturnsfromyeartoyear.

Suggested minimum timeframe 5years(mediumtohighterm)

Risk/return profile Thereislikelytobevolatilityinreturnsintheshorttomediumtermhowevervolatilitytendstodeclineoverlongerperiods.Volatilitymeansthevalueoftheinvestmentsmayriseandfallsharplyandregularly.

Strategic asset allocation (benchmarks are shown, hence actual allocations may vary)

AustraliansharesInternationalsharesDirectpropertyAlternativeinvestmentsAust.andoverseasfixedinterestCash

20%20%15%20%21%4%

Investment strategy 75%ingrowthassets,25%indefensiveassets

Standard risk measure (described below) Mediumtohigh-Theestimatedprobabilityofanegativereturnis4.1outofevery20years.

Suitable for Memberswhoseekhighergrowthoverthemediumtolongtermandarewillingtoacceptfluctuationsinreturns,includingnegativereturnsoccasionally.

Youcanswitchyourmoney(oraskthatfuturecontributionsbepaidintoadifferentoption)monthlybysimplyloggingontoyouraccountonlineorcall1800 808 614.Wemaychangethetypesofinvestmentsincludedineachinvestmentoption,addanoptionorremoveoneofourinvestmentoptionsatanystage.Wewillcommunicatethisviaourwebsiteifwedothis.

YoushouldreadtheimportantinformationaboutinvestmentscontainedintheAMISTSuperInvestmentGuidebeforemakinganydecisionregardingthemannerinwhichyoursuperannuationis

invested.Gotowww.amist.com.au>Super>Joinusor contact us on 1800 808 614toobtainacopy.

ThismaterialmaychangebetweenthetimewhenyoureadthisStatementandthedaywhenyouacquirethisproduct.

Thissectionshowsfeesandothercoststhatyoumaybecharged.Thesefeesandothercostsmaybedeductedfromyouraccount,fromthereturnsonyourinvestmentorfromtheassetsofthesuperannuationentityasawhole.

Other fees and costsOtherfees,suchasactivityfees,familylawfees,advicefeesforpersonaladviceandinsurancefees,mayalsobecharged,butthesewilldependonthenatureoftheactivity,adviceorinsurancechosenbyyou.Entryfeesandexitfeescannot becharged.

Taxes,insurancefeesandothercostsrelatingtoinsurancearesetoutinanotherpartofthisdocument.

Youshouldreadalltheinformationaboutfeesandothercostsbecauseitisimportanttounderstandtheirimpactonyourinvestment.

How fees are charged to your accountTheweeklyadministrationfeeandtheexpenserecoveryfeearededucteddirectlyfromyourmemberaccountandappearsonyourmemberstatement.

InvestmentCostsaredeductedfromtheFundandinvestmentreturnsarenetofthesefees.Anestimateoftheamountofthesefeesappearsonyourmemberstatementas“OtherCosts”.Thesefeesare notdeductedfromyouraccount balance.

Wereservetherighttochangeourfeesinthefuture.Changeswillbenotifiedtomembers30daysinadvance.

YoushouldreadtheimportantadditionalexplanationaboutAMISTSuper’sFeesandCostsbeforemakingadecision. Goto www.amist.com.au>Super>Joinusor contact us on 1800 808 614toobtain

acopy.ThismaterialmaychangebetweenthetimewhenyoureadthisStatementandthedaywhenyouacquire thisproduct.

AMIST MySuperType of Fee Amount How and when paid

Investment cost1 0.56%ofassets (0.46%investmentmanagementfee,otherinvestmentcosts0.07%,and0.03%performancefee)

Notdirectlydeductedfrommembers’accounts.ThiscostispaidfromtheFundandearningstomemberaccountsarenetofthisfee.Performancefeesarepayabletosomeinvestmentmanagerswheretheirperformanceexceedsapredefinedtarget.Thepercentageshownhereisanestimateofwhatmightbepayabletothosemanagers.Theinvestmentcostsincludecostsofinvestmentmanagers,assetconsultant,custodian,andthecostsassociatedwithsomeunderlyinginvestments(interposedvehicles).

Administration fee2 $1.701 WeeklyfeedeductedfrommemberaccountatthelastFridayofeachmonth.Buy-sell spread Nil Anybuy-sellcostsincurredarepaidfromtheFundandincludedin

theInvestmentfee.Switching fee NilAdvice fee Nil ThecostofsimpleadviceiscoveredbytheAdministrationFee.Other fees and costs - Expense Recovery Fee2

0.07%1 ThisisanExpenseRecoveryFeeandisdeductedfrommemberaccountsmonthly onthelastFridayofeachmonth.

Indirect cost ratio1 0.56%ofaccountbalance

ThisiscomprisedoftheInvestmentcost(above).

1. If your account balance is less than $6,000 at the end of the financial year, the total combined amount of administration fees, investment costs and indirect costs charged to you is capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded. Accounts closed during the year will have the cap applied on a pro-rata basis. The investment cost (indirect costs) are based on reasonable estimates of fees and costs based on recent experience and our current long-term expectations. These may change each year following the finalisation of the end of year accounts.

2. The Fund claims a tax deduction for the administration costs each year. The amount of the deduction is paid into the administration reserve which is used to meet the Trustee’s operating costs.

AMIST Super | Product Disclosure Statement | 1 July 2021Page | 4

6. Fees and costsDid you know?Smalldifferencesinbothinvestmentperformanceandfeesandcostscanhaveasubstantialimpactonyourlong-termreturns.Forexample,totalannualfeesandcostsof2%ofyouraccountbalanceratherthan1%couldreduceyourfinalreturnbyupto20%overa30yearperiod(forexample,reduceitfrom$100,000to$80,000).Youshouldconsiderwhetherfeaturessuchassuperiorinvestmentperformanceortheprovisionofbettermemberservicesjustifyhigherfeesandcosts.Askthefundoryourfinancialadviser.

To find out moreIfyouwouldliketofindoutmoreorseetheimpactof feesbasedonyourowncircumstances,theAustralianSecuritiesandInvestmentCommission(ASIC)website (www.moneysmart.gov.au)hasasuperannuationcalculatortohelpyoucheckoutdifferentfeeoptions.

AMIST Super Hotline 1800 808 614 | [email protected] | www.amist.com.au Page | 5

Example of annual fees and costsEXAMPLE – AMIST MySuper BALANCE OF $50,000

Investment costs 0.56%(0.46%investmentmanagementfee,otherinvestmentcosts0.07%,and0.03%performancefee)

Forevery$50,000youhaveintheFund$280.00p.a.willbedeductedfromyourinvestmentreturn.

PLUS Administration fees

$88.70($1.70perweek) Youwillbecharged$88.70p.a.inadministrationfeesregardlessofyourbalance.

PLUS an Expense Recovery Fee

0.07% And,forevery$50,000youhaveintheFund$35.00p.a.willbedeductedfromyouraccountbalance.

EQUALS Cost of Product Ifyourbalancewas$50,000,thenforthatyearyouwillbechargedfeesandcostsof$403.70p.a.fortheMySuperProduct.

The investment cost (indirect costs) are based on reasonable estimates of fees and costs based on recent experience and our current long-term expectations. These may change each year following the finalisation of the end of year accounts. Additional fees may apply. Please refer to the Fees and Costs Fact Sheet for details.

Fees for financial adviceAMISTSuperhasengagedLinkAdvicetoprovidesimplefinancialadviceforallofourmembersoverthephone.ThecostofsimpleadviceisincludedintheweeklyAdministrationFeethatyoupay,thereforethereisnoadditionalchargeforsimpleadviceovertheteplephone.

7. HowsuperistaxedThereareanumberofwaysthatsuperistaxed.Ifyoudon’ttellusyourtaxfilenumber,youmaypayextrataxonyourcontributionsorwhenyoulateraccessyourbenefit,ornotbeabletomakesometypesofcontributions.Itwillalsobemoredifficulttotracedifferentsuperamountsinyournamesothatyoureceiveallyoursuperbenefitswhenyouretire.Thefollowingtaxrulesapplyexceptifyouexceedthebeforeorafter-taxcontributionlimits.Ifyouexceedthecontributionlimitsforsuperyouwillpayextratax.

AMISTSuperwillpaythetaxapplyingtoyouraccountdirectlytotheAustralianTaxOfficeanddeductthistaxfromyouraccountbalance.

• Contributionsintoyoursuperthataremadebeforetaxistakenoutofyourpayaretaxedat15%,30%forpeoplewhoearnmorethan$250,000p.a.(from1July2017),andatthehighestrateifwehavenotbeenprovidedwithyourtaxfilenumber.

• Contributionsintoyoursupermadefromyourafter-taxsavingsarenottaxed.

• Withdrawalsfromyouraccountmaybetaxedifyouareagedlessthan60.Onceyouturn60,generallynotaxwillapplytowithdrawals.

• Investmentearningsaregenerallytaxedat15%. AMISTSupercreditsearningstomembers’accountsafterthedeductionoffeesandtaxes.

If,however,yourequiremorethoroughpersonalfinancialadvice,LinkAdvicewillprovideyouwithafixedpricequoteandanyfeesaresetbyagreementbetweenyouandLinkAdviceandprovidedtoyouinaStatement of Advice. Therearenocommissionscharged.YoucancontactLinkAdviceviatheAMIST Super Hotline on 1800 808 614.

Forinformationabouthowtaxapplies tosupercontributions,investment earningsandwithdrawalsseethe AMISTSuperTaxationFact Sheet. Gotowww.amist.com.au>Super>Join

us or contact us on 1800 808 614toobtainacopy.

ThismaterialmaychangebetweenthetimewhenyoureadthisStatementandthedaywhenyouacquirethisproduct.

ThetablebelowgivesanexampleofhowthefeesandcostsintheMySuperoptioncanaffectyoursuperannuationinvestmentoveraoneyearperiod.YoucanusethistabletocompareAMISTSuperwithothersuperannuationproducts.

AMIST Super | Product Disclosure Statement | 1 July 2021Page | 6

8. InsuranceinyoursuperIfyouareunderage70,yourAMISTSupermembershipallowsyoutoaccessthefollowingtypesofbasiclow-costinsurancecover:

• Life,

• TotalandPermanentDisablement(TPD),and

• IncomeProtection(IP)

Thecostforthisinsurancecoverwilldependonyourageandoccupationandtheamountofcoveryouhave.Thesecosts–knownasinsurancepremiums-aredeductedfromyourAMISTSuperaccountonamonthlybasis.

DependingonyourcircumstancesyoumaybeeligibleforAutomaticInsuranceCover.IfyouarenoteligibleforAutomaticInsuranceCover,youcanstillchoosetoOptIntoturninsurancecoveron.

Youcanalsoreduce,increaseorcancelyourcoveratanytimebywritingtousorcallingus.Therearealsosomesituationsinwhichwewillhavetoturnyourcoverofftomeetourlegislativeobligations–wewillletyouknowbeforehandifthisisthecase.

Is our insurance appropriate for your needs?Eligibilitycriteria,exclusionsandconditionsmayaffectamember’sentitlementtoinsurancecoverandsoshouldbeconsideredbeforedecidingifourinsuranceisappropriate.

Youshouldreadtheimportant informationaboutinsurancecoverwithAMISTSuperthatiscontainedintheAMISTSuperInsuranceGuide-beforemakinga

decision.Gotowww.amist.com.au > Super > Insurance or contact us on 1800 808 614toobtainacopy.

ThismaterialmaychangebetweenthetimewhenyoureadthisStatementandthedaywhenyouacquirethisproduct.

Automatic Insurance Cover When does Automatic Insurance Cover start?

AspartofyourmembershipinAMISTSuperwewillautomaticallyprovideyouwithLife,TPDandIPinsurancecoveronceyouareovertheageof25years(butbelowage70years)providingyouhavehadatleast$6,000inyoursuperannuationaccountatanytimesinceyoujoined.ThisisknownasAutomaticInsuranceCover.

WewillletyouknowyourlevelofcoverandthepremiumpayablewhenyourAutomaticInsuranceCoverstarts.

AllAutomaticInsuranceCover,includinganyadditionalcover,isprovidedonaNewEventsCoverbasis.

If you would like insurance cover before you are eligible for Automatic Insurance Cover please see the section on Opt In Insurance Cover.

How much Automatic Insurance Cover is provided?

And how much does it cost?

IfyouareeligibleforAutomaticInsuranceCover,youwillbeprovidedwith:

• 2unitsofLifeInsurancecoveratacostof$3.46perweek;

• 1unitofTPDInsurancecoveratacostof$2.89perweek;and

• 5unitsofIPinsurancecoveratacostof$2.75perweek(unlessyouletusknowyouareanOfficeWorkerthenthecostis$2.00perweek).

WewillletyouknowwhenyourAutomaticInsuranceCoverstarts.Premiumswillstarttobedeductedfromyouraccountatthistime.

Please note that once you are deemed eligible for Automatic Insurance Cover, unless you advise us in writing or over the phone that you do not wish to have insurance cover, we will automatically be deducting $9.10 per week from your member account for Life, TPD, and Income Protection Insurance cover.

Automatic Life and TPD Insurance Cover

ThetablebelowdetailstheamountofAutomaticLifeandTPDInsuranceCoverprovidedbasedonyourage.

Age last birthday*

Life Insurance (2 units) $3.46 per week

TPD cover (1 unit) $2.89 per week

To age 32 $124,600 $62,300

Age 33 to 45 $103,800 $51,900

Age 46 to 55 $83,100 $41,550

Age 56 to 65 $60,200 $30,100

Age 66 $31,200 $15,600

Age 67 $24,900 $12,450

Age 68 $20,800 $10,400

Age 69 $15,580 $7,790

Age 70 plus Nil Nil

*Agelastbirthdayat30Juneeachyear.Coverceasesonamember’s70thbirthday.Please note that if you advise us that you are an “Office Worker” you will be entitled to 1.5 times the cover in the table above. For example, an Office Worker aged 32 or less would be covered for a Life Insurance benefit of $186,900 and a TPD benefit of $93,450.

TheTrusteeclaimsataxdeductioninrespectofthepremiumsitpaystotheinsurer.ThetaxdeductionisusedbytheTrusteetomeettheoperatingcostsofrunningthefund,whichincludesthecostsincurredinadministeringtheFund’sinsurancearrangements.

AMIST Super Hotline 1800 808 614 | [email protected] | www.amist.com.au Page | 7

Automatic Income Protection Insurance Cover

EachunitofAutomaticIPInsuranceCoverrepresentsupto$500permonthofcover.ThismeanstheAutomaticIPInsuranceCoveramountisupto$2,500permonth.ThemaximumbenefitperiodforIPcoveris2yearsandthemaximumamountofbenefitpayableisthelesserof75%ofyourincome,orthevalueofthenumberofunitsofcoveryouhave.Themaximummonthlycoveryoucanreceivewithoutmedicalreviewis$25,000assumingyourincomevalidatesthatlevelofcover.Youmayapplyforcoverabovethislevel(toamaximumof$50,000permonth),howeveryouwillneedtoundergotherelevantmedicalreviewfortheinsurertothendeterminethelevelofadditionalcovertheygrantyou.Therearetwooccupationalgroupsforincomeprotection.AllmemberswillbeclassifiedasManualWorkers,unlesstheyspecifyotherwise.• Manual Workers -costof$0.55perunitofIPcoverperweekwithaminimumcoverlevelof5units.ThismeansthepremiumsforautomaticIPcoverforManualWorkerswillbe$2.75perweek.

• Office Worker -costof$0.40perunitofIPcoverperweekwithaminimumcoverlevelof5units.ThismeansthepremiumsforautomaticcoverforOfficeWorkerswillbe$2.00perweek.

Thepremiumsfortheautomaticlevel(5units)ofcoverincludeanamountof$0.32perweekwhichisretainedbytheTrusteetomeetthecostsassociatedwithprovidingIncomeProtectioninsurance.Special Offers

Youwillhave90daysfromthedayweletyouknowyourAutomaticInsuranceCoverhasstartedto:• doubletheamountofLifeandTPDinsurancecoveryou

havewithouttheneedtocompleteamedicalquestionnaire;and/or• IncreaseyourIPinsurancecover(subjecttothemaximum

amountsdetailedabove)withoutbeingsubjecttoanongoingpre-existingsicknessexclusion.

AnyadditionalcoverisprovidedatthesamecostperunitofcoverasyourAutomaticInsuranceCover.YoumayalsobeeligibletoincreaseyourcoverwithouttheneedtocompleteamedicalquestionnaireforotherspecialLifeEvents,suchasgettingmarriedorbuyinganewhome.MoredetailsonLifeEventsandeligibilitycriteriaarecontainedintheAMISTSuperInsuranceGuide–availableatwww.amist.com.au

What is New Events Cover?NewEventscovermeansyouarenotcoveredforpre-existingconditionsuntilyousatisfycertaincriteriaatwhichtimeyourcoverbecomesFullCover.However,youarecoveredforanyneweventthatoccursonceyourcoverstarts.

Opt In Insurance CoverIfyouarenotyetage25oryouraccountbalanceisunder$6,000ifyouwantLife,TPDand/orIPInsuranceCoveryouwillneedtoapply.Thisisknownas“OptingIn”toinsurancecover.

DependingonwhenyouOptIn,differentconditionswillapplytothecoverprovided:

• IfyouchoosetoOptIntoinsurancecoverwithin90daysofreceivingyourWelcomeLetter,youwon’tneedtoansweranyhealthquestions.

• IfyouchoosetoOptIntoinsurancecovermorethan90daysafteryoureceiveyourAMISTSuperWelcomeLetteryouwillneedtoanswersomehealthquestionsbeforecovercanbeprovided.

ToOptIntocoveryouwillneedtocompletetheOptInformincludedwithyourWelcomeLetteroravailableonline.

YouareunabletoOptIntoTPDcoverwithoutalsoOptingIntoLifecover.OtherwiseyoucanOptIntothetype/sofcoverthatsuityourcircumstances.

AllcoverprovidedviathisOptInmechanismisprovidedonaNewEventsCoverbasis.

OnceyouhaveOptedIntocover,youcanincreasethelevelofyourcoveratanytime.TheremaybespecialwindowsavailabletoincreaseyourcoverwithoutneedingtoprovidemedicalevidencewhencertainLifeEventsoccur.SeetheAMISTSuperInsuranceGuide–tofindoutmoreabout LifeEvents.

Cancellation of cover on inactive accountsIfyoudon’treceiveanycontributionsorrolloversintoyourAMISTSuperaccountfor16months,youraccountisconsideredtobe‘inactive’andwearerequiredtoturnyourinsurancecoveroffundersuperannuationlaw.Beforeweturnyourcoveroff,wewillcontactyouwhenyouraccounthasbeeninactivefor12months,13monthsand15months.Atanypointbeforeyouraccountisinactivefor16monthsyoucanletusknowthatyouwishtokeepyourinsurancecover.

Yourinsurancecovermaybecancelledforotherreasons.SeetheAMISTSuperInsuranceGuideforfulldetailsofwhenyourcovermaybecancelled.

SeetheAMISTSuperInsuranceGuide–availableatwww.amist.com.au>Super>InsuranceformoreinformationaboutwhenNewEventsCoverchangestoFull

Coverandforallrelevantdefinitions.

SeetheAMISTSuperInsuranceGuide–availableatwww.amist.com.au>Super>InsuranceformoreinformationaboutOptingintoInsurance.

AMIST Super | Product Disclosure Statement | 1 July 2021Page | 8

Making financial decisions?Ifyouwouldlikeadviceonchoosinginvestmentoptions,decidingoninsuranceorcomparingfinancialproducts,contact Link AdviceviatheAMIST Super Hotline on 1800 808 614formoreinformation.

Consolidate your superTotransfersuperfromanotherfund,simplycallthe AMIST Super Hotline on 1800 808 614andwe’lldotherest!

Cooling-off periodYouhavea14daycooling-offperiodtoensurethat AMISTSupersatisfiesyourneeds.The14dayperiodcommencesontheearlierofthedayyoureceiveconfirmationofmembershipor5daysafteryourinterestintheTrustisissued.Withinthisperiodyoumaycancelyourmembership,wewillreturnyourmoney.Arequesttocancelmustbeinwriting.

ComplaintsIfyoufeelwearenotdealingwithyouasyouwouldlike,youcanmakeacomplainttous.Ifyouwishtomakeacomplaintaboutanyaspectofyourmembership,oradecisionoftheTrustee,youshouldprovidedetailsofthematterthatisthesubjectofyourcomplaintto;

In Writing: AMISTSuperComplaints, LockedBag5390, ParramattaNSW.

By email: [email protected]

YoucanalsocontactusbytelephoneusingthephonenumbersfoundonthenextpageunderContactUs.

TheTrusteeaimstoresolveanycomplaintsassoonaspossible.However,insomeinstancesafinalresponsemaybedelayedwhilethematterisinvestigated.Ifyouarenotsatisfiedwithourresponsetoyourcomplaint,youhavetherighttoescalatethemattertotheAustralianFinancialComplaintsAuthority(AFCA).

AFCAisanindependentbodysetupbytheFederalGovernmenttoassistmembersorbeneficiariestoresolvedisputeswithfinancialserviceprovidersincludingsuperannuationfunds.

AFCAmaybeabletoassistyoutoresolveyourcomplaint,howeveritisrecommendedthatthematterisfirstreferredtoAMISTSuper’sowncomplainthandlingprocesssothatwemayattempttoresolvethematter.IfAFCAacceptsyourcomplaintitwillattempttoresolvethematterthroughconciliation.Thisinvolvesassistingthepartiestocometoamutualagreement.IfconciliationisunsuccessfulthecomplaintwillbeformallyreviewedandAFCAwillmakeadetermination.Anydeterminationisbindingonallparties,althoughallpartieshavetherightofappealthroughtheFederal court.

YoucancontactAFCAasfollows:

By telephone: 1800931678

By e-mail: [email protected]

Website: www.afca.org.au

In Writing: AustralianFinancialComplaintsAuthority GPOBox3 MelbourneVIC3001.

9. How to open an accountInordertojoinAMISTSupersimplycompleteandreturntheapplicationform.OnceyouareamemberofAMISTSuperyoucancontinuetobeamemberevenifyouleaveyourcurrentemployerorbecomeself-employed.

YoushouldreadtheimportantinformationaboutAMISTSupercontainedintheGuidesandFactSheetsthatareincorporatedintothisPDSbeforemakingadecisiontojointheFund.Gotowww.amist.com.au >Super>Joinusorcontact us on 1800 808 614 toobtainacopy.

Toapplyformembership,completeandreturntheapplicationformembershipformincludedwiththisPDSoravailableatwww.amist.com.au >Super>Joinusorcontactustosendyouacopy.Youoryouremployercanthenstarttomakeregularand/oradhocpaymentsintoyouraccount.

You can now join AMIST Super online. Visitwww.amist.com.au andclickonthe

yellow‘Joinus’button.

Thenclickonthe‘Joinonlinenow’buttontobegin.

AMIST Super Hotline 1800 808 614 | [email protected] | www.amist.com.au Page | 9

AMIST Super Hotline: 1800808614 (tollfreecallfromfixedlineswithinAustralia)

AMIST Pension Hotline: 1800255521

By mail: AMIST Super LockedBag5390 ParramattaNSW2124

By e-mail: [email protected]

By fax: 1300855378

In person: AustralianAdministrationServices(theFundadministrator)

1AHomebushBayDrive RhodesNSW2138

From overseas: +61 2 8571 5739 (youwillbechargedbyyourserviceproviderfor anoverseascall).

Contact us

AMIST Super | Product Disclosure Statement | 1 July 2021Page | 10

Thispagehasbeenleftblankintentionally.

AM 886.9 07/21 ISS22

AMIST Super Hotline 1800 808 614www.amist.com.au [email protected] Bag 5390 Parramatta NSW 2124


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