Millennium Master Trust - millennium3 …

1 P. PO Box 3528, Tingalpa DC Qld 4173 t. 07 3899 7200 or 1800 336 911 f. 07 3899 7299 e. w. Millennium Master Plan A sub plan of EmPlus Super ABN 18 838 658 991 RSE Registration Number R1067880 Issued by the trustee: Equity Trustees Limited ABN 46 004 031 298 AFS Licence No 240975 RSE Licence No L0003094 Product Disclosure Statement For Members transferred from the Millennium Master Trust on 30/11/2013 Prepared 25/02/2014 Things you should know: This PDS applies to members of the Millennium Master Plan (Plan) who were transferred from the Millennium Master Trust ABN 22 439 141 985 on 30/11/2013 This PDS is a summary of significant information about the Plan and contains a number of references to important information which is contained in the Plan s Member Guide.

2 The information contained in the Member Guide forms part of the PDS; You should consider both the information in this PDS and Member Guide before making a decision about the product; This PDS and the Member Guide can be obtained from or free of charge on request by phoning 1800 336 911 The information provided in this PDS is general information only and does not take into account your personal financial situation or needs; and You should obtain financial advice tailored to your personal circumstances. Contents: 1: About the Millennium Master Plan Page 1 2: How super works Page 2 3: Benefits of investing with the Millennium Master Plan Page 2 4: Risks of super Page 3 5: How we invest your money Page 3 6: Fees and costs Page 5 7: How super is taxed Page 6 8: Insurance in your super Page 7 9: How to open an account?

3 Page 8 Administrator: millennium3 Financial Services Pty Ltd, ABN 61 094 529 987, AFSL No. 244252 Unit 7, 50 Borthwick Avenue, Murarrie QLD 4172 PO Box 3528, Tingalpa DC Qld 4173 Phone: 1800 336 911 (Toll Free) or 07 3899 7200 Fax: 07 3899 7299 Email: Section 1: About the Millennium Master Plan The Millennium Master Plan (Plan) was established as a division of the EmPlus Superannuation Fund (Fund) on 30/11/2013, following a successor fund transfer from the Millennium Master Trust (which was established on the 01/01/1999). The Millennium Master Plan provides superannuation products for employer sponsored members (who have joined the Plan through their employer) and personal superannuation members.

4 The Fund has more than $150 million of assets under management. The Fund s superannuation products include accumulation accounts only for individuals who apply to join the Fund (Personal Members) and employees who join through their employer (Employer Sponsored Members). The Fund is authorised to offer a MySuper product (Authorisation Number:18838658991615) and can accept superannuation guarantee contributions from employers. This PDS is for all Millennium Master Plan members. The Trustee of the Fund is Equity Trustees Limited (EQT). EQT was established by a special act of the Victorian Parliament in 1888 as a licensed trustee.

5 The Plan was developed by millennium3 Financial Services Pty Ltd (ABN 61 094 529 987, AFSL No 244252) to meet the superannuation needs of their clients. As Plan Sponsor, millennium3 s role includes the general marketing and sales functions for the Fund and advising the Trustee in respect of the ongoing management and public promotion of the Fund. millennium3 is also the administrator and asset consultant for the Fund. millennium3 is ultimately owned by the ANZ Banking Group. Insurance cover is provided to eligible Fund members by OnePath Life Limited ABN 33 009 657 176. p.

6 PO Box 3528, Tingalpa DC Qld 4173 t. 07 3899 7200 or 1800 336 911 f. 07 3899 7299 e. w. Section 2: How super works Superannuation is a means of saving for retirement which is, in part, compulsory. Most Australian employers are required by Government legislation to contribute (increasing to 12% in future years) of an employee s ordinary time earnings to a superannuation fund nominated by the employee or, if an employee does not nominate a fund, to the employer s default fund. These compulsory contributions are referred to as Superannuation Guarantee (SG) contributions.

7 You can also make contributions towards superannuation. There are different types of contributions available to a person including SG contributions, additional employer contributions (for example, salary sacrifice contributions), voluntary member contributions and government co-contributions. There are limitations on the contributions to, and withdrawals from superannuation. These limitations apply to all superannuation funds. The Fund does not apply any additional limitations. Superannuation receives concessional tax treatment, that is, tax savings are provided by the Government. Refer to Section 7 of this PDS for more information.

8 As most people have a right to choose into which fund their employer should direct their SG contributions (called Choice of Fund ), it s important you take an interest in your super and help it grow into a healthy retirement nest egg. Contact your employer to check whether you can make a Choice of Fund. Further information about Choice of Fund is available from You can access your superannuation savings once you retire on or after reaching your preservation age or in other circumstances permitted by law (for example, death, permanent incapacity and financial hardship), called conditions of release.

9 The conditions of release for temporary residents vary from those applicable to Australian citizens, New Zealand citizens or permanent residents of Australia. There are certain circumstances in which superannuation benefits must be transferred by the Trustee to the Tax Office (for example, small or unidentifiable lost accounts, unclaimed benefits on or after age 65 and unclaimed benefits of former temporary residents). General information about super is available from You should read the important information about how super works before making a decision. For more information about how super works, go to Part 1 of the Member Guide which is available by going to the Forms page at or on request by phoning 1800 336 911.

10 The information relating to how super works may change between the time you read this PDS and the day when you acquire this product. Section 3: Benefits of investing with the Millennium Master Plan The Millennium Master Plan is a division of the Fund ( a public offer superannuation fund ) available to: Employers, as a way of providing superannuation for their employees; Self-Employed people, as an inexpensive and easy way of providing for their retirement; Employees wishing to plan for a more prosperous retirement; People who have a rollover or eligible redundancy payment and are looking for a low cost and flexible investment; Spouses of members who wish to make contributions towards their retirement.