Departures
ERF
If we do not hear from you within 90 days of ceasing employment, your benefit will be:
- Transferred to Division 8 if it meets the minimum account balance requirements for Division 8; or
- Transferred to AUSfund, the Plan's nominated Eligible Rollover Fund (ERF).
An ERF is a fund specifically approved by the Government to receive superannuation benefits that have remained unpaid for a certain period of time.
Once a benefit is rolled over to an ERF, benefits can be transferred to another superannuation fund or cashed out, dependent on preservation rules .
If your benefit in the Plan is transferred to the ERF, you will cease to be a member of the Plan. The Trustee’s liability to administer and pay your benefits will also cease, as will any rights you have against the Plan.
The contact details for the Plan's nominated ERF are:
The AUSfund Administrator
PO Box 2468
KENT TOWN SA 5071Phone: 1300 361 798 Fax: 1300 366 233
Website: www.unclaimedsuper.com.au
