Update to AUSfund fees and asset allocation

The fees and asset allocation for AUSfund (the eligible rollover fund used by First State Super) have been updated since 1 May 2009, the date of the Member Booklet Supplement: AUSfund. The “previous” and “current” figures are highlighted in bold below:

AUSfund may charge members an administration fee (currently $10 pa.), investment fees (previously 0.63% pa; currently 53% pa.), operational costs (previously 0.41% pa; currently 0.27% pa.) and other incidental fees. Contact AUSfund or visit www.unclaimedsuper.com.au for details.

The assets of AUSfund are invested with a number of different investment managers and the strategic asset allocation is currently 61% (previously 70%) growth assets, and currently 39% (previously 30%) income assets.

All other information in the Member Booklet Supplement: AUSfund PDF 464kb dated 1 May 2009 (available on the First State Super website and from First State Super Customer Service) is correct. Please remember, if your benefit is rolled over to AUSfund, any First State Super insurance cover you may have will cease and you will also cease to be a member of First State Super.

30 September 2009