Departures

Leaving the Plan

On leaving the Company service you have 90 days from the date of termination to confirm what you wish to do with your benefit.

To advise where you want your benefit paid please complete the Estimated Superannuation Benefit provided to you and return to the Plan immediately.

If you have not reached your preservation age you are required to rollover your preserved benefit to a complying superannuation plan or an approved deposit fund such as Division 8 – Retained Benefits. Any unpreserved benefits can be taken as cash less any applicable tax if you wish.

If you have reached your preservation age you can take your entire benefit in cash less any applicable tax if you wish or rollover all or part of your benefit to a complying superannuation plan or an approved deposit fund such as Division 8 – Retained Benefits.

If the Plan does not hear from you within 90 days your benefit will be transferred to:

• Division 8 – Retained Benefits if it meets the minimum account balance requirement or
• Transferred to AUSfund, the Plan's nominated Eligible Rollover Fund (ERF).

The information provided to you is not advice, we do recommend you seek financial advice from a qualified independent financial adviser before making your decision.