7 7 YR PLATINUM PERFORMANCE Super Stream Product Disclosure Statement [PDS] APPLICATION FOR MEMBERSHIP INC. PREPARED 22 AUGUST 2016

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1 7 7 YR PLATINUM PERFORMANCE Super Stream Product Disclosure Statement [PDS] APPLICATION FOR MEMBERSHIP INC. PREPARED 22 AUGUST 2016

2 En joying retirement is easy now that I know my super is in good hands. Super Stream gives me peace of mind so I can get on with the next chapter of my life.

3 Contents Welcome to Super Stream... 2 Permanent retirement 2 Transition to retirement 2 Managing your Super Stream account Getting started 4 2. Getting money into Super Stream 4 3. Important investment information 4 4. Your income payments 5 5. Nominating beneficiaries 8 6. Finalising your application 9 Investment options Pre-mixed Investment options Sector specific Other important investment information Environmental, social and labour standards 14 Derivatives policy 14 Reserving policy 14 Changing your investment choices 14 Fees and other costs Super Stream Fees and costs 17 Additional explanation of fees and costs...18 Investment management and performance fees 18 Changes to fees 18 Additional fees and costs 18 Defined fees 19 Tax and Centrelink Items that are generally tax-free 20 Tax on income and withdrawals if you are aged 60 and over 20 Tax on income and withdrawals if you are under Tax offsets and tax-free thresholds 21 Tax on death benefits 21 If you fall terminally ill 21 Your Tax File Number [TFN] 22 Age Pension eligibility 22 Automatic Centrelink submission service 22 Other important information Respecting your privacy 23 Trustee Indemnity Insurance 23 Complaints 23 Cooling off period 23 Super Stream application for membership Issued by IS Industry Fund Pty Ltd ABN: AFSL No: RSE Licence No: L Intrust Super ABN USI: RSE Registration No: R IS Financial Planning Pty Ltd ABN trading as Intrust360 is a wholly owned subsidiary of IS Industry Fund. Intrust360 is a corporate authorised representative of Adviser Network Pty Ltd ABN: AFSL: Corporate Authorised Representative Number: About this booklet This booklet is known as a Product Disclosure Statement [PDS] and is dated 22 August It outlines important information about Intrust Super s Super Stream product. You should read and consider this PDS before deciding to invest in Super Stream. Some information, for instance investment returns and unit prices, change frequently. For up to date information please contact us or visit intrust.com.au. If information changes that is materially adverse, we ll update this PDS by issuing a new one or by issuing a Supplementary PDS as quickly as possible. With respect to material changes and significant events, we ll inform members in accordance with legislative requirements. This PDS contains general information only and does not take into account your individual situation or needs. Have you received financial advice? You should carefully assess your personal circumstances and/or engage the services of a qualified financial adviser before investing in Super Stream. If you are seeking personal advice, our Intrust360 team can help. They are able to tailor detailed strategies to specifically address your financial needs. Please contact Intrust360 on or visit intrust360.com.au Getting in touch IN PERSON Level 15, 324 Queen Street, Brisbane QLD 4000 MAIL Locked Bag 5042 Parramatta NSW 2124 PHONE info@intrust.com.au WEBSITE intrust.com.au

4 Welcome to Super Stream Super Stream is our Platinum-rated, Best Value for Money account based pension plan. * There are two ways to take advantage of Super Stream. One way is to fund your permanent retirement. Another way is to use the product to help transition to retirement. Permanent retirement This would involve firstly meeting some legislative conditions [such as age], and then moving the money you ve saved in superannuation, into Super Stream. You can then draw an income from Super Stream to either live off exclusively or to supplement other income such as Centrelink payments or other investments. Transition to retirement This involves moving some of your superannuation into Super Stream, by keeping an accumulation account, such as Intrust Super Core Super, open. You can continue working full time, part time or casual. Income from your work can be salary sacrificed into super which could result in you paying less tax. At the same time, you can maintain your takehome income with payments from Super Stream. This strategy is known as a transition to retirement or TTR strategy. *According to SuperRatings Using Super Stream to provide income in a permanent retirement Using Super Stream to supplement income while still working and building super in a transition to retirement [TTR] Make any final contributions into super Locate all your super funds [ 2 ] intrust.com.au

5 Locate all your super funds Move your super into Super Stream Draw a regular income in retirement Move SOME of your super into Super Stream, leaving one account open [e.g. Core Super] to continue receiving contributions Supplement your income while you continue working Keep contributing superannuation to your Core Super account STREAM PDS August 2016 [ 3 ]

6 Managing your Super Stream account 1. Getting started By law, you must be an Australian resident and meet a condition of release to invest in Super Stream. Conditions of release include: reaching preservation age and retiring, reaching preservation age and commening a transition to retirement income stream, ceasing employment on or after the age of 60, being 65 years of age or over, or meeting some other condition of release such as being assessed as unable to work due to a total and permanent disablement. Have you reached preservation age? Table 1 will help determine your preservation age the age at which you may be able to access some of your super. Table 1: Your preservation age depends on when you were born. 1 SECTION If you were born Before 30 June July June July June July June July June After 30 June Your preservation age is: Use Section 1 of the application form to tell us about yourself, and to indicate your condition of release. 2. Getting money into Super Stream You must have at least $20,000 in superannuation to invest in Super Stream. This money can be rolled over from another Intrust Super product or from other super funds. 2 SECTION Use Section 2 of the application form to tell us where you d like us to transfer your initial investment from. 3. Important investment information How you choose to invest your account balance is important because it will impact how long your account will last. Risky assets such as shares have more potential to grow over the long term, than cash. If the investment options you select produce higher returns, your account balance will grow and therefore last longer. However, risky assets such as shares can fall in value too. If the investment options you choose fall in value, so too will your account balance. A low risk option such as cash may protect you from capital loss. However, that strategy will also have the least potential for growth. Please also be aware that even Government bonds fall in value and that during an extreme crisis like the Great Depression or the Global Financial Crisis, it is possible for almost all types of investments to fall in value. As an investor you should consider how comfortable you are with the idea that your investment could fall in value, and how long you would be willing to wait for your investment to recover. For instance, if an investment fell in value today, but the investor held on for 20 more years, then there are 20 years in which that asset might recover, and exceed, its original value. An investor who plans to remain invested for a short period of time might not see a recovery in the investment s value. A large portion of your account balance could remain invested for a long time. However, you will also be drawing an income from your account every year, which could mean crystallising losses. Individuals have different investment timeframes. Therefore it is critical to seek advice from a qualified financial adviser. If a change occurs that may have a materially adverse impact, the Trustee will inform members of the change. The Trustee may not be able to control certain operational risks such as legislation, however it can and does implement internal processes to ensure ongoing compliance with laws and regulations. You should consider obtaining professional financial advice and developing an investment risk management strategy with the help of your adviser. One popular strategy is diversification. If you invest in any individual Super Stream investment option, your money will be managed by more than one investment manager. [ 4 ] intrust.com.au

7 This level of diversification ensures that any underperformance of one manager may be offset by another. Pre-mixed investment options diversify across more than one asset class such as cash, bonds, property and shares. This means, for example, that poor returns driven by a negative sharemarket shock could be offset by returns in the property part of the portfolio. These premixed options offer asset class and manager diversification. There is more information about investment options on pages Super Stream offers ten investment options. Each option entails a different level of risk. You can choose any combination of these options in which to invest your account balance, and you can also choose to have your income payments taken from any combination of these options. 3 SECTION Choosing investment options Use Section 3 of the application form to indicate what percentage of your portfolio you would like to invest in each option. Different types of risk Some of the risks to consider when selecting investment options include: Economic risk: In a recession, assets like shares and property can be depressed for long periods of time. Market risk: Entire markets, such as sharemarkets, can rise or fall, sometimes driven purely by sentiment. Price volatility: Values of certain assets such as shares and property can go up and down unpredictably. Inflation risk: If the rate of inflation is greater than the returns on an investment, then the real value or purchasing power of the money invested falls over time. Other risks to consider more broadly include: Liquidity and other investment risk: Liquidity risk is the risk that an investment asset cannot easily be converted to cash. Our investment managers actively manage this, and other types of investment risk. Currency risk: Investments in international assets may be impacted by currency fluctuations. Superannuation tax: Unexpected changes can occur in the way the Government taxes products like Super Stream. Legal risk: unexpected changes can occur in the legislation that governs and regulates the operation of products like Super Stream. Fund changes: changes could occur to the Fund s Board or its service providers. 4. Your income payments You can change the amount and frequency of your income payments, or the bank account to which they are paid, by notifying us in writing. In addition, we will send you a form each year that you can use to confirm or change your payment details. If you don t specify how much income you d like to receive in a financial year, we will pay you the amount selected in the previous year. However, if that amount is below the Government stipulated minimum amount, we will adjust the amount upwards so that the minimum is met. We may also revise the amount downwards if you don t have enough in your account balance to cover the same payment level as the previous year or if the amount is more than 10 of your account balance for TTR pension. The minimum amount stipulated by the Government, that you must be paid as income in a financial year, is a percentage of your account balance, based on your age. Table 2 lists the percentage for each age group. Table 2: Minimum annual pension income per age group, as a percentage of account balance Your age Under and older 14 Percentage of account that must be taken as income each year: The minimum amounts are recalculated every financial year, based on your age and your account balance at the beginning of the financial year. For transition to retirement [TTR] pensions, there is also a Government-mandated maximum amount which is 10 of your account balance. STREAM PDS August 2016 [ 5 ]

8 Example 1: Calculating the minimum and maximum annual income amount If you were 62 years old and had an account balance of $100,000 at the beginning of this financial year, then you would be required to draw the minimum amount of 4 x $100,000 = $4,000.00, during the course of the current financial year. If you were implementing a TTR pension then the maximum amount of income you could draw over the course of the financial year would be 10 x $100,000 = $10, Your first income payment If you open your Super Stream account on or after 1 June in a particular financial year, you can choose not to receive a payment in that financial year. You will, however need to comply with the minimum income amounts [as explained above] in the next financial year. If you open your account before 1 June in a financial year, then at least one payment must be made to you before 30 June of the same financial year, and the Government minimum amounts will apply. The minimum would be calculated in proportion to the fraction of the financial year left. For instance, if there were 40 days left in the financial year, the annual minimum would be multiplied by 40/365. See Example 2. Example 2: Calculating the minimum amount of your first payment If, on 21 May, you were 62 years old and you opened your Super Stream account with $100,000, then there are 40 days left in the financial year. In total, there are 365 days in a year so you would calculate the minimum required first payment by multiplying your minimum annual amount by 40/365. Before 30 June, you must receive payments totalling at least 40/365 x 4 x $100,000 = 40/365 x $4,000 = $ Extra withdrawals You can request withdrawals, over and above your income payments, provided you have not opted for a TTR pension. You must have enough money in your account to cover the withdrawal, and the minimum withdrawal amount is the lesser of $1,000 or your account balance. See Fees and costs on page 17. When making withdrawals you will be asked to indicate which investment option[s] your withdrawal will be taken from, and in what proportions. If you don t indicate this, the withdrawal will be taken from your investment options in the same proportions as indicated by the investment mix you elected either on application, or in the same proportions as indicated by your most recent change to your investments. To request an extra [lump sum] withdrawal, please call us on We endeavour to pay withdrawals within three working days. Please allow one to two additional working days for your bank or credit union to process the transaction. If you have opted for a TTR pension, then extra withdrawals are only allowed if: you have unrestricted non-preserved amounts as a result of a condition of release; you need to pay a superannuation surcharge debt or you need to divide your account due to a family law split. Keeping up to date with important information Each year you ll receive a member statement to update you on your account s progress. You can also see information about your account online through Member Access. An Annual Report is produced every year and made available online. Information such as our Trust Deed and our Privacy Policy are available by phoning the Super Stream Hotline on You can also visit intrust.com.au for unit prices, performance and other information about Intrust Super and our products, including Super Stream. You will be notified in writing of any significant, changes to this product, as per applicable Superannuation Law. [ 6 ] intrust.com.au

9 How your account balance is calculated Each investment option in Super Stream has a unit price that goes up and down with the value of the underlying assets in those options. When you invest in one of the investment options, you purchase a number of units equal to the amount you invest, divided by the unit price at the time of purchase. Example 3: Calculating how many units held in an investment option Investment amount Unit price # units held $100,000 $ ,000 When you take money out of an investment option, the amount withdrawn is divided by the unit price at the time of withdrawal to determine how many units you are selling. This will result in the number of units you hold, which is reduced by the number of units you sell to fund the withdrawal. Example 4: the impact that withdrawing has on number of units and account balance # units held Withdrawal amount Unit price # units sold New # units New account balance 50,000 $20,000 $ ,000 40,000 $80,000 The amount of money you have invested in each investment option you hold is equal to the number of units you hold in the option, multiplied by the latest unit price for that option. Your total account balance is the sum of all the money you have in each investment option: Your account balance = number of units you hold in Option A x unit price of Option A + number of units you hold in Option B x unit price of Option B + number of units you hold in Option J x unit price of Option J Unit prices are calculated weekly, reflecting the performance of the investment option during the week. They are available online at intrust.com.au or by calling the Super Stream Hotline on How long your account will last Your account will last as long as there is enough money in it to fund your income payments, or until you close it. Factors that influence the movements in your account balance over time include: How much you opened the account with. What investment options you chose. The investment performance of the investment options you chose. The size and frequency of your income payments. The size and number of any extra withdrawals you made. There is no guarantee your account will last for the rest of your life and this is one reason why we recommend you speak with a financial adviser. See Nominating beneficiaries on page 8 for information regarding what happens to your account in the event of your death. If you change your mind You can transfer the balance of your Super Stream account into an Intrust Select Super account, or into any super fund. You can open a new Super Stream account at a later date. These transfers don t impact the restricted, unrestricted, preserved or non-preserved status of any components of your savings. Your account balance will be influenced by your opening balance, the earnings or returns on your investment options, any regular income or other withdrawals you take from your account and any taxes or fees paid. STREAM PDS August 2016 [ 7 ]

10 5. Nominating beneficiaries A beneficiary is someone who gets the benefit of your Super Stream account in the event of your death. If you don t indicate who the beneficiaries of your account should be, the Trustee will pay the benefit to one or more of your dependants [if you have dependants] or to your legal personal representative, or elsewhere, in accordance with the Trust Deed and with applicable Superannuation Law. You can indicate how your Super Stream account should be distributed in the event of your death by: 1. nominating a Reversionary Beneficiary; 2. nominating one or more Preferred Beneficiaries; or 3. nominating one or more Beneficiaries in a Binding Death Benefit Notice to the Trustee. Each of the three approaches has advantages and disadvantages described below. In all three cases, any Beneficiary nominated must be a dependant. A dependant is someone who: 1. is your spouse [including opposite or same gender de facto partner]; 2. is your child of any age [including your step child, your adopted child, your ex-nuptial child or your child of any other kind as defined by the Family Law Act 1975] for the purposes of Preferred Beneficiaries and Binding Death Notices. For Reversionary Beneficiaries, a child must either be under 18, aged and financially dependent on you, or have a disability as described in section 8 [1] of the Disability Services Act 1986; or 3. you are in an interdependent relationship with, which includes someone who: a. you have a close personal relationship with; b. you provide with financial support or receive financial support from; and c. you provide with domestic support and personal care or you receive domestic support and personal care from. 5 SECTION Use Section 5 of the application form to indicate how you would like to nominate your beneficiaries. If you choose Binding Death Notice, make sure you have witnesses sign the declarations. Your choices Reversionary Beneficiary Nominate to receive income payments. Only one Beneficiary can be nominated. To nominate your child, they must meet stricter age, financial dependence or disability criteria as described earlier in this section. Trustee is bound to act in accordance with a valid nomination. Your nomination is irrevocable. You can nominate a beneficiary without a witness. OR Preferred Beneficiaries Nominate to receive lump sums. More than one Beneficiary can be nominated but proportions MUST sum to 100. Your children of any age can be nominated. Trustee will generally act in accordance with a valid nomination but is not bound by it. Your nomination remains in place until changed or revoked by you. You can nominate, revoke or change nominations without a witness. OR Binding Death Benefit Notice Beneficiaries Nominate to receive lump sums. More than one Beneficiary can be nominated but proportions MUST sum to 100. Your children of any age can be nominated. Trustee is bound to act in accordance with a valid Notice. Your nomination expires three years after it is first signed or last confirmed or amended by you. Notices, amendments to Notices and revocations of Notices must be witnessed. [ 8 ] intrust.com.au

11 6. Finalising your application 6 SECTION Sign and date the form under the declarations in Section 6. We ll also need certified copies of your ID. The instructions below outline how to do this. A qualified person such as a Justice of the Peace must certify that the copy and original are identical by writing or stamping all pages with certified true copy, followed by their signature, printed name and qualification. 1 Copy of the driver s licence [front & back] of the individual wishing to transfer the superannuation entitlement. Please attach certified copies of documentation with your application to prove you are the person to whom the super entitlements belong. EITHER: One of the following documents only: A current driver s licence or permit issued under the law of a State or Territory; or A passport issued by the Commonwealth which can be up to two years out of date; that contains a photograph of the person in whose name the document is issued. OR One of the following documents: birth certificate or birth extract citizenship certificate issued by the Commonwealth pension card issued by Centrelink that entitles you to financial benefits. AND letter from Centrelink regarding a Government assistance payment notice issued by Commonwealth, State or Territory Government within the past 12 months, containing your name and residential address For example: > Tax Office Notice of Assessment > Rates notice from local council If you are unable to provide accepted certified documents, please phone Drivers Licence SMITH JANE 270 ADELAIDE STREET BRISBANE 4000 Certification and signature of authorised person DOB 01 Jan 80 Sex F Height 172 Class Type Effective Expiry C O Authorised person s stamp and registration number [if applicable] DCD DCD Card Card number Number Name of authorised person Qualification of authorised person Phone number of authorised person Date of authorisation Mr. Sam Sample Justice of the Peace st December 2015 LICENCE NO STREAM PDS August 2016 [ 9 ]

12 Investment options Pre-mixed Stable Investor profile: This investment option seeks reliable shortterm returns with a certain level of security and potential for some growth. It is likely to suit members seeking short to medium-term growth of their superannuation with low risk. Investment objective: To outperform CPI p.a. over rolling 10-year periods. Investment strategy: A diversified option that invests mainly in defensive assets such as cash and bonds, with a smaller proportion spread across other asset classes. Minimum investment timeframe: Short to medium term: if you choose this investment option, be prepared to stay invested in this option for at least 3 years. Risk band: 2 Low: Estimated number of negative annual returns is 0.5 to 1 over any 20-year period.^ Conservative Investor profile: This investment option seeks to achieve growth above inflation over the longer term with a medium level of risk. It is likely to suit members seeking long-term growth of their superannuation with medium risk. Investment objective: To outperform CPI + 2 p.a. over rolling 10-year periods. Investment strategy: A diversified option that invests across most asset classes, with a large proportion in Australian and international shares, bonds and cash. Minimum investment timeframe: Medium to long term: if you choose this investment option, be prepared to stay invested in this option for at least 4 years. Risk band: 3 Low to medium Estimated number of negative annual returns is 1 to 2 over any 20-year period.^ Balanced [MySuper] Investor profile: This investment option seeks high medium to long-term returns with a medium exposure to risk. It is likely to suit members seeking mid to long-term growth of their superannuation with medium risk. Investment objective: To outperform CPI + 3 p.a. over rolling 10-year periods. Investment strategy: A diversified option that invests across most asset classes, with a large proportion in Australian and international shares, bonds and property investments. Minimum investment timeframe: Medium to long term: if you choose this investment option, be prepared to stay invested in this option for at least 5 years. Risk band: 5 Medium to high Estimated number of negative annual returns is 3 to 4 over any 20-year period.^ LOW MEDIUM HIGH LOW MEDIUM HIGH LOW MEDIUM HIGH Strategic asset allocation Asset Allocation Australian shares International shares Growth opportunities* Benchmark Range Property Bonds Cash Defensive opportunities* Asset Allocation Australian shares International shares Growth opportunities* Benchmark Range Property Bonds Cash Defensive opportunities* Asset Allocation Australian shares International shares Growth opportunities* Benchmark Range Property Bonds Cash Defensive opportunities* [ 10 ] intrust.com.au

13 *Opportunities are investments that don t fit neatly into traditional asset classes because of their risk/return profiles or their structure. Opportunities can be divided into Growth or Defensive styles and may include private equity, hedge funds and infrastructure investments. Growth Investor profile: This investment option seeks significant growth above inflation in the longer term with a high exposure to risk. It is likely to suit members seeking long-term growth of their superannuation with high risk. Investment objective: To outperform CPI p.a. over rolling 10-year periods. Investment strategy: Invests heavily in Australian and international shares, with a smaller investment in property and other investment opportunities. Minimum investment timeframe: Long term: if you choose this investment option, be prepared to stay invested in this option for at least 7 years. Risk band: 6 High: Estimated number of negative annual returns is 4 to 6 over any 20-year period.^ Combined shares Investor profile: This investment option seeks significant growth above inflation in the longer term with a high exposure to risk. It is likely to suit members seeking long-term growth of their superannuation with high risk. Investment objective: To outperform CPI + 4 p.a. over rolling 10-year periods. Investment strategy: Invests in Australian and international shares. Minimum investment timeframe: Long term: if you choose this investment option, be prepared to stay invested in this option for at least 8 years. Risk band: 6 High: Estimated number of negative annual returns is 4 to 6 over any 20-year period.^ LOW MEDIUM HIGH LOW MEDIUM HIGH Strategic asset allocation Asset Allocation Australian shares International shares Growth opportunities* Benchmark Range Property Bonds Cash Defensive opportunities* Asset Allocation Australian shares International shares Benchmark Range Cash STREAM PDS August 2016 [ 11 ]

14 Investment options Sector specific Cash Investor profile: This investment option seeks reliable short-term returns with maximum security, but low potential for growth. It is likely to suit members with a short investment timeframe. Investment objective: To match the Bloomberg AusBond 90 Day Bank Bill Index. It aims to do this by investing in deposits, money market and fixed income securities. Investment strategy: Invests solely in cash using major cash investment manager/s and/or allocation to term deposits. Minimum investment timeframe: Short to medium term: if you choose this investment option, be prepared to stay invested in this option for at least 1 year. Risk band: 1 Very Low: Estimated number of negative annual returns is less than 0.5 over any 20-year period.^ Bonds [fixed interest] Investor profile: This investment option seeks reliable short-term returns with security, but low potential for growth. It is likely to suit members with a short investment timeframe. Investment objective: To outperform the aggregate benchmark of 50 Bloomberg AusBond Composite Bond Index and 50 Barclays Global Aggregate Bond Index [hedged to AUD] over rolling two year periods. Investment strategy: May use index or active bond fund managers which invest in Australian and international bond markets. Minimum investment timeframe: Medium to long term: if you choose this investment option, be prepared to stay invested in this option for at least 3 years. Risk band: 4 Medium: Estimated number of negative annual returns is 2 to 3 over any 20-year period.^ Property Investor profile: This investment option seeks growth above inflation over the medium-term with a medium exposure to risk. It is likely to suit members seeking mid to long-term growth of their superannuation with medium risk. Investment objective: To outperform the Mercer Unlisted Property Trust Index over rolling 4-year periods. Investment strategy: To provide investors with diversified exposure to a range of high-quality properties via unlisted property trusts. Minimum investment timeframe: Medium to long term: if you choose this investment option, be prepared to stay invested in this option for at least 5 years. Risk band: 5 Medium to high: Estimated number of negative annual returns is 3 to 4 over any 20-year period.^ LOW MEDIUM HIGH Strategic asset allocation LOW MEDIUM HIGH LOW MEDIUM HIGH Asset Allocation Range Cash 100 Asset Allocation Benchmark Range Bonds Cash Asset Allocation Benchmark Range Property Cash [ 12 ] intrust.com.au

15 ^The Standard Risk Measure is based on industry guidance to allow members to compare investment options that are expected to deliver a similar number of negative annual returns over any 20-year period. The Standard Risk Measure is not a complete assessment of all forms of investment risk, for instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than a member may require to meet their objectives. Further, it does not take into account the impact of administration fees and tax on the likelihood of a negative return. Members should still ensure they are comfortable with the risks and potential losses associated with their chosen investment option[s]. Australian shares Investor profile: This investment option seeks significant growth above inflation in the longer term with a high exposure to risk. It is likely to suit members seeking long-term growth of their superannuation with high risk. Investment objective: To outperform the S&P/ASX 300 Accumulation Index over rolling 3-year periods. The S&P/ASX 300 Index includes the largest 300 companies listed on the Australian Securities Exchange. Investment strategy: Invests predominantly in Australian shares. Minimum investment timeframe: Long term: if you choose this investment option, be prepared to stay invested in this option for at least 8 years. Risk band: 6 High Estimated number of negative annual returns is 4 to 6 over any 20-year period.^ International shares Investor profile: This investment option seeks significant growth above inflation in the longer term with a high exposure to risk. It is likely to suit members seeking long-term growth of their superannuation with high risk. Investment objective: To outperform the aggregate benchmark of 50 MSCI World Index ex-australia Unhedged and 50 MSCI World Index ex- Australia Hedged over rolling three year periods. Investment strategy: Invests solely in international shares. Minimum investment timeframe: Long term: if you choose this investment option, be prepared to stay invested in this option for at least 8 years. Risk band: 6 High: Estimated number of negative annual returns is 4 to 6 over any 20-year period.^ LOW MEDIUM HIGH LOW MEDIUM HIGH Strategic asset allocation Asset Allocation Australian shares International shares Benchmark Range Cash Asset Allocation International shares Benchmark Range Cash STREAM PDS August 2016 [ 13 ]

16 Other important investment information End of financial year and compound annualised returns for Super Stream investment options as at 30 June 2016 Stable Conservative Balanced Growth Combined Shares Cash Bonds [fixed interest] Property Australian Shares International Shares 1 year years years years years As investment markets move up and down over time, it is important to remember that past performance is not an indication of future returns. Please note that the investment returns shown above have been rounded. This means there may be minor discrepancies when adding to achieve the compound return. For up to date returns please visit intrust.com.au Environmental, social and labour standards Decisions about the selection, retention or disposal of investments by the Fund are driven primarily by economic factors. We do not take into account labour standards, environmental, social or ethical factors although sometimes these matters do impact economic factors, which in turn impact investments. Derivatives policy Intrust Super does not use derivatives directly, however our underlying investment managers may use derivatives such as options and futures. Derivatives are used to protect portfolio values against major falls in market prices or to change a portfolio s exposure to a market more quickly and efficiently than can be achieved through the purchase or sale of physical assets. Reserving policy A reserve is maintained to enable the Fund to issue Member Statements and an Annual report as soon as possible after the financial year end. This reserve is invested in accordance with the Balanced option investment strategy. We aim to keep this reserve at less than 0.5 of Fund assets. The reserve value is published annually in the Annual Report. The Fund also maintains a reserve in accordance with the Australian Prudential Authority s Operational Risk Financial Requirement. Changing your investment choices You can change your investment choices at any time. Log-in to Member Access via intrust.com.au, and switch your investments online. For assistance please call us on You can also download a Change of investment form: Super Stream. A switch lodged online or made using a form that is received by Intrust Super by 11.59pm AEST on a Friday, will be processed using the next unit price available the following Thursday. [ 14 ] intrust.com.au

17 Retirement has been one adventure after another! Our savings are being managed very well, and it is very easy to get access to our money when we are on the go!

18 Fees and other costs Did you know? Small differences in both investment performance and fees and costs can have a substantial impact on your long term returns. For example, total annual fees and costs of 2 of your account balance rather than 1 could reduce your final return by up to 20 over a 30 year period [for example, reduce it from $ to $80 000]. You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs. Your employer may be able to negotiate to pay lower administration fees. Ask the Fund or your financial adviser. The Government requires that the warning to the left is printed in all PDSs. In actual fact, a 1 difference in fees could have a much bigger impact over 30 years than what is described in the example above. Which is why you should know that as a 100 Industry Super Fund, Intrust Super pays no commissions to advisers and no dividends to shareholders. This means that the fees we charge go only into covering the operational costs of the Fund and its products and all our profits go back to you, the Member. This document shows fees and other costs that you may be charged. These fees and other costs may be deducted from your money, from the returns on your investment or from the assets of the superannuation entity as a whole. Other fees, such as activity fees and advice fees for personal advice may also be charged, but these will depend on the nature of the activity or advice chosen by you. Taxes are set out in another part of this document. You should read all the information about fees and other costs because it is important to understand their impact on your investment. To find out more If you would like to find out more, or see the impact of the fees based on your own circumstances, the Australian Securities and Investments Commission [ASIC] website [www. moneysmart.gov.au] has a superannuation fee calculator to help you check out different fee options. [ 16 ] intrust.com.au

19 Super Stream Fees and costs FEES THAT APPLY WHEN YOUR MONEY MOVES INTO OR OUT OF THE PRODUCT: Type of fee Amount How and when paid Establishment fee The fee to open your account Nil n/a Withdrawal fee The fee on each amount you take out of your account Termination [exit] fee The fee to close your account $25 Deducted from your account when a withdrawal is made, unless you are exiting the Fund. Does NOT apply to regular income payments. $100 Deducted from your Super Stream account at the time of your request. MANAGEMENT COSTS: Type of fee Amount How and when paid Administration fee The fee you pay for the management of your account. Indirect Cost Ratio The amount you pay for specific investment options is shown on the following page. $3.00 per week This weekly fee is deducted from your account on a monthly basis Ranges from 0.04 to 0.65 plus a performance fee, depending on the Investment option plus 0.15 per annum. This fee is deducted from investment returns before they are applied to your account. This percentage fee is deducted from investment returns before they are applied to your account. SERVICE COSTS: Type of fee Amount How and when paid Investment switching fee The fee charged when you change Investment options. Nil n/a Family law payment split fee The fee charged for splitting payments. Family law additional information The fee for providing additional information to assist in Family Law matters. $100 [each spouse pays a fee of $50] This fee is deducted from your account and from the amount being transferred to the non-member spouse at the time the payment split is implemented. $25 Deducted from your account at the time you request the information. STREAM PDS August 2016 [ 17 ]

20 Additional explanation of fees and costs Investment Management and Performance Fees Performance fees are fees paid to the Fund s Investment Managers when their returns exceed agreed benchmarks. Performance fees may be charged in addition to the Investment Management Fee for some investment options outlined below and deducted from the investment returns before they are credited [or debited] to your account. Performance fees can be hard to predict because the level of outperformance by the Investment Managers is not known in advance. An Investment Manager will not be paid a performance fee for any period where they underperform the stated benchmark, ensuring any payments made are fair and reasonable. The following table details investment management fees and performance fees as at 30 June It s important to note that performance fees may exceed or be lower than those shown here: Investment Option Investment Management Fee [] as at 30 June 2016 [excludes perf. fees] Per $10,000 invested [$] as at 30 June 2016 [excludes perf. fees] Performance Fee [] for 2015/16 financial year Balanced 0.59 $ Growth 0.65 $ Stable 0.39 $ Conservative 0.44 $ Australian shares 0.63 $ International shares 0.57 $ Combined shares 0.59 $ Property 0.61 $ Bonds 0.19 $ Cash 0.04 $ The investment management fees shown are based on the asset values as at 30 June Changes to fees The fees quoted may change from time to time. You will be notified of any increase in the administration fees at least 30 days before the increase is applied. Additional fees and costs If you choose to receive personal financial advice from Intrust360 or from another provider, then you may negotiate fees for that advice. Those fees are for you and your adviser to negotiate. We can, on written instruction from you, remit to your adviser the fees you have negotiated, using funds from your account balance. In line with legislation, we can only remit to an adviser fees that are being paid in return for advice regarding your superannuation. Table 3: Example of annual fees and costs for the Balanced option This table gives an example of how the fees and costs for the Balanced option for this product can affect your investment over a one year period. You should use this table to compare this product with other products. Example Balanced option Balance of $50,000 Investment Fees Nil For every $50,000 you have in the Balanced option you will be charged $0 each year. $ PLUS Administration Fees [$3.00 per And, you will be charged $156 in administration fees regardless of your balance. week] PLUS Indirect Costs for the Balanced option EQUALS Cost of product And, Indirect Costs of $445 each year will be deducted from your investment p.a. This fee consists of: Investment Management fee of 0.59 p.a. ; Performance Fee* of 0.15 p.a.; Indirect Administration Fee of 0.15 p.a. as at 30 June 2016 $ If your balance was $50,000, then for that year you will be charged fees of $601 for the Balanced option. [ 18 ] intrust.com.au

21 Defined fees Activity fees A fee is an activity fee if: [a] the fee relates to costs incurred by the trustee [OR the trustees] of the superannuation entity that are directly related to an activity of the trustee [OR the trustees]: [i] that is engaged in at the request, or with the consent, of a member; or [ii] that relates to a member and is required by law; and [b] those costs are not otherwise charged as an administration fee, an investment fee, a buysell spread, a switching fee, an exit fee, an advice fee or an insurance fee. Administration fees An administration fee is a fee that relates to the administration or operation of the superannuation entity and includes costs incurred by the trustee [OR the trustees] of the entity that: [a] relate to the administration or operation of the entity; and [b] are not otherwise charged as an investment fee, a buy-sell spread, a switching fee, an exit fee, an activity fee, an advice fee or an insurance fee. Advice fees A fee is an advice fee if: [a] the fee relates directly to costs incurred by the trustee [OR the trustees] of the superannuation entity because of the provision of financial product advice to a member by: [i] a trustee of the entity; or [ii] another person acting as an employee of, or under an arrangement with, the trustee [OR the trustees] of the entity; and [b] those costs are not otherwise charged as an administration fee, an investment fee, a switching fee, an exit fee, an activity fee or an insurance fee. Buy-sell spreads A buy-sell spread is a fee to recover transaction costs incurred by the trustee [OR the trustees] of the superannuation entity in relation to the sale and purchase of assets of the entity. Exit fees An exit fee is a fee to recover the costs of disposing of all or part of members interests in the superannuation entity. Indirect cost ratio The indirect cost ratio [ICR], for a MySuper product or an investment option offered by a superannuation entity, is the ratio of the total of the indirect costs for the MySuper product or investment option, to the total average net assets of the superannuation entity attributed to the MySuper product or investment option. Note: A dollar-based fee deducted directly from a member s account is not included in the indirect cost ratio. Investment fees An investment fee is a fee that relates to the investment of the assets of a superannuation entity and includes: [a] fees in payment for the exercise of care and expertise in the investment of those assets [including performance fees]; and [b] costs incurred by the trustee [OR the trustees] of the entity that: [i] relate to the investment of assets of the entity; and [ii] are not otherwise charged as an administration fee, a buy-sell spread, a switching fee, an exit fee, an activity fee, an advice fee or an insurance fee. Switching fees A switching fee is a fee to recover the costs of switching all or part of a member s interest in the superannuation entity from one class of beneficial interest in the entity to another. STREAM PDS August 2016 [ 19 ]

22 Tax and Centrelink You should seek independent professional advice in relation to the tax and Centrelink implications of your decisions, based on your specific circumstances. The information in this section is based on current taxation law and Centrelink provisions, as at the date of publication, and is general information only. Items that are generally tax-free Your initial investment: If you are starting your account with the proceeds of complying super funds, you ve already paid any applicable contributions tax on those funds and therefore there is no tax payable on rolling them into your Super Stream account. In the rare case that your super has an untaxed element [this is the case with some older funds for Government workers], then the amount rolled over up to the untaxed plan cap will be taxed. Any amount greater than the untaxed plan cap will be taxed at 49. Your investment returns: The returns generated by your investments in Super Stream are tax-free. This is different to superannuation and deferred annuity type products, where investment earnings are taxed at up to 15, and investments outside super, where returns would be taxed at your marginal tax rate. Tax on income and withdrawals if you are aged 60 and over If you are 60 years of age or older, no tax is payable on any part of your Super Stream income payments or lump sum withdrawals. Tax on income and withdrawals if you are under 60 If you are under 60, your payments and withdrawals from Super Stream may contain both tax-free and taxable components. The tax-free component is made up of money that has come from: personal voluntary contributions for which a deduction hasn t been claimed; Government co-contributions; spouse contributions, and the proportional amount of Super Stream investment earnings in pension phase [based on tax free proportion when pension started]. The taxable component is made up of money that has come from: employer contributions; salary sacrifice contributions; personal contributions where a tax deduction has been claimed; investment earnings in accumulation phase, and the proportional amount of Super Stream investment earnings in pension phase [based on taxable proportion when pension started]. The tax-free vs taxable portions of your withdrawals and income payments will reflect the ratio of tax-free vs taxable portions in your Super Stream account balance. All applicable taxes will be deducted from your withdrawals and income payments prior to the payments being made to your bank account. If you are under preservation age, the taxable component is taxed as follows: Type of payment Income payments Lump sum payments Maximum rate of tax Taxed at your marginal tax rate Taxed element: 20 # Untaxed element up to untaxed plan cap^: the lesser of your marginal tax rate or 30 # Untaxed element above untaxed plan cap^: 47 # ^The untaxed plan cap in 2015/16 is $1,395,000. This cap will change. Visit # Plus Medicare Levy [ 20 ] intrust.com.au