Preparation date 5 December 2014 Issued by The Trustee MLC Nominees Pty Limited (MLC) ABN 93 002 814 959 AFSL 230702 The Fund The Universal Super Scheme ABN 44 928 361 101 This application form is valid from 5 December 2014 and should be read with the current Product Disclosure Statement available online on mlc.com.au/pds/mkbs Name of Plan Commencement date (DD/MM/YYYY) Business/Company name Associated business/company name (if applicable) Postal address Postcode Please nominate your contact for all correspondence Name Contact phone number (business hours) Mobile Number of employees to join Australian Business Number Business address Role/Title Facsimile Email Postcode Please select your contribution method As part of the Government s Stronger Super reforms, by 1 July 2015, all employers will be required to follow data and e-commerce standards when making super contributions. MLC SuperEzy has been designed to help you meet these obligations. A MLC SuperEzy Complete the MLC SuperEzy application form B BPAY Once your employee s accounts have been established, please contact the MLC Service Centre to organise BPAY payments. Preparation date: MLC Nominees Pty Limited The Universal Super Scheme 5 December 2014 (MLC) ABN 93 002 814 959 ABN 44 928 361 101 R1056778 AFSL 230702 RSE L0002998 Superannuation Fund Number 281 440 344 MLC MasterKey Business Super Employer Application Form 1 of 8 Preparation date 1 October 2014 Issued by MLC Limited ABN 90 000 000 402 AFSL 230694 This application form is valid from 1 October 2014 and should be read with the Product Disclosure Statement dated 1 October 2014. 1 Plan details Name of Plan Plan number (if known) Employer name (company, individual (s), or partnership) 2 How would you prefer to load data into MLC SuperEzy? Manual data entry Input from a payroll file 3 Who is the main MLC SuperEzy contact for your business? This person has a high level of security access and we ll email all MLC SuperEzy user ID s and passwords to them. First name Surname Position Contact telephone (business hours) Email 4 Payment method Select your payment method Employer initiated direct debit Direct credit (EFT) How would you like to authorise the payments? Single password (requires one person to authorise the payment) Dual password (requires two people to authorise the payment) Mobile number MLC Limited ABN 90 000 000 402 AFSL 230694 MLC SuperEzy Application Form 1 of 4 ABN We recommend employer initiated direct debit as a payment method as this will only be initiated when you submit an online instruction to do so. Keeping you in full control of your financial transactions with MLC. MLC MasterKey Business Super Information you need to decide whether MLC MasterKey Business Super is right for you and your employees. MLC MasterKey Business Super Employer Guide Employer Application Form MLC MasterKey Business Super MLC SuperEzy Product Disclosure Statement Application Form MLC SuperEzy 1. Employer details 2. Contributions 1. Employer Guide Information about MLC MasterKey Business Super. 2. Application Form Application Form for MLC MasterKey Business Super. 3. Product Disclosure Statement Information on MLC SuperEzy, an online administration and contribution processing service. 4. Application Form Application Form for MLC SuperEzy. Contact us For more information visit mlc.com.au or call us from anywhere in Australia on 132 652 or contact your adviser. Postal address PO Box 200 North Sydney, NSW 2059 653230M1214 (Kit 85268M1214)
MLC MasterKey Business Super Employer Guide Preparation date 5 December 2014 Issued by The Trustee MLC Nominees Pty Limited (MLC) ABN 93 002 814 959 AFSL 230702 The Fund The Universal Super Scheme ABN 44 928 361 101
The purpose of this guide is to give you the information you need to decide whether MLC MasterKey Business Super is right for you and your employees. Important information Any advice in this communication has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on any advice in this communication, consider whether it is appropriate to your objectives, financial situation and needs. You should obtain a Product Disclosure Statement relating to MLC MasterKey Business Super and MLC SuperEzy and consider them before making any decision about whether to acquire or continue to hold either product.
Contents Setting up your Plan About MLC 4 About MLC MasterKey Business Super 5 Options for your Plan 6 Setting up your Plan 8 Additional features of your Plan 9 Keeping you informed 10 In addition to this Employer Guide you should receive the Employer Application form and the current Product Disclosure Statement (PDS) available on mlc.com.au/pds/mkbs. The PDS includes the Investment Menu, Fee Definitions Flyer and the Insurance Guide. Information you need to know 11 Fees and costs 12 For more information please contact your Plan adviser, or go to the online copy of this document on mlc.com.au/emp/mkbs References to mlc.com.au in the online copy link directly to the additional information available. MLC MasterKey Business Super Employer Guide 3
About MLC At MLC we ve been looking after Australians investment and insurance needs for over 125 years. This experience has taught us the right solution for each business and investor is different. That s why we specialise in creating a diverse range of super, investment and insurance solutions. We know good outcomes rely on good advice, so we work with financial advisers who put you and your employees needs first. And, because your business and employees needs will change over time, we continually enhance our products and services so you get the best out of your experience with us. Investing with us Our portfolios make sophisticated investing straightforward. We re experts in putting together portfolios for people. We structure our portfolios to deliver more reliable returns in many potential market environments. And, as our view of market environments changes, we evolve our portfolios to manage new risks and capture new opportunities. We have both internal investment management expertise, and the experience and resources to find some of the world s best investment managers. We also offer a wide range of portfolios managed by other investment managers. If your employees don t make their own investment choice, their super will be invested in MLC MySuper. More information about MLC MySuper can be found on page 6. How investment managers invest in derivatives is included in their PDS on mlc.com.au The MLC group of companies is the wealth management division of National Australia Bank (NAB). We provide investment, superannuation and insurance solutions and work closely with you and your Plan adviser to help grow and protect your employees wealth. 4 MLC MasterKey Business Super Employer Guide
About MLC MasterKey Business Super With MLC you can structure your Plan the way you and your employees want. We help you take care of your business needs and give you the support to comfortably manage your super obligations. And we look out for your employees through our investment and insurance offers, to help them grow and protect their wealth for the long term. Taking care of business needs We work with you and the way you do business by providing: easy Plan set up and flexible ways to make contributions support from a dedicated transition manager ongoing support from our customer service team online contribution and reporting services, and additional features to help grow and protect your employees savings. Taking care of your employees No matter where your employees are in their working life, we can help them structure their super how they want it. With MLC your employees can: choose from a comprehensive range of investments to suit the way they want to invest protect their lifestyle with insurance make contributions and grow their savings get a little extra with special lifestyle, health and banking product offers through our Member Rewards program benefit from fee rebates get account details when they need them on mlc.com.au, and have access to the medical advice service offered by Best Doctors. MLC MasterKey Business Super Employer Guide 5
Options for your Plan Your Plan When deciding on a Plan for your employees, you want to make sure you ve got it right. That s why we make it easy for you. Your employees will automatically have their super invested in MLC MySuper as the default investment option. They will also automatically be provided with MLC Lifestage insurance. You can, however, tailor an insurance design to suit your employees range of needs. We recognise some employees may want a more active role in selecting their investments and insurance. They can choose any investment option on our Investment Menu. Your employees can also change their insurance to suit their specific needs. MLC MySuper MLC MySuper is the option your employees contributions will be invested in if they don t make an investment choice. It s managed by MLC with investment advice from JANA. JANA is MLC s investment consulting business for large corporate superannuation funds. It s one of Australia s most highly regarded investment consultants with over $42 billion under advice as at 31 March 2014. MLC MySuper is diversified across many asset classes and is invested approximately 70% in growth assets and 30% in defensive assets. A combination of active and passive investment managers select the investments. With its bias towards growth assets, MLC MySuper may be suited to your employees if they: want long-term capital growth, and understand and accept there can be moderate to high fluctuations in the value of their investment. MLC Lifestage insurance We ll automatically provide your employees with MLC Lifestage insurance, a combination of Death and Total and Permanent Disablement (TPD) insurance designed to cater to your employees needs through different life stages. Your employees will have more insurance when they re younger, when they re most likely to have a high mortgage or children at home, and lower insurance when they re older and most likely to be financially secure. Your employees are generally eligible for this insurance if they re aged between 15 and 64 for TPD insurance, and 15 and 69 for Death insurance. MLC Lifestage sum insured is increased each year by Average Weekly Ordinary Time Earnings (AWOTE). The latest MLC Lifestage sum insured amounts and standard premiums are available on mlc.com.au/mkbs/insurancerates. Their premiums will depend on their age, gender and occupation. We ll adjust the level of insurance each year on your employee s birthday and each year we ll confirm the level of insurance and premiums paid by your employees in their annual statement. For further information speak to your Plan adviser, refer to the Insurance Guide or visit mlc.com.au 6 MLC MasterKey Business Super Employer Guide
MLC Tailored insurance All eligible employees in your Plan must be provided with Death and TPD insurance. However, you can vary the amount of insurance for different groups of employees, and you can choose to provide them with Income Protection insurance. Generally you can choose from the following alternative arrangements for Death and TPD insurance. Our offer Minimum Maximum Fixed premium per week $1.35 per week $18 per week Fixed insurance amount Death $65,000 Amount of insurance = multiple of annual salary Amount of insurance = percent of annual salary x years of future service TPD $65,000 Death $1,000,000 TPD $1,000,000 2 x annual salary 8 x annual salary 8% of annual salary x years of future service 30% of annual salary x years of future service For further details on the insurance we offer and employee eligibility, please see the Insurance Guide. Automatic acceptance If you select an insurance package for 75% or more of eligible employees in your Plan, and they accept the insurance, they ll qualify for automatic acceptance limits. This means they ll be covered up to this limit, and won t need to give any medical evidence. They can also cancel their insurance or apply for more insurance than you ve chosen. The automatic acceptance limits for the number of eligible employees in your Plan are as follows: Number Death and TPD < 5 Not applicable 5 9 $200,000 10 19 $400,000 20 29 $500,000 30 49 $600,000 50 99 $800,000 > 100 as agreed with MLC see Note below Number Income Protection (per month) < 10 Not applicable 10 19 $5,500 20 29 $7,500 30 49 $7,500 50 99 $9,000 > 100 as agreed with MLC see Note below Note: If you have more than 100 eligible employees in your Plan, we will work with you to determine your requirements and confirm the automatic acceptance limits that will apply. MLC MasterKey Business Super Employer Guide 7
Setting up your Plan Starting your Plan All you need to do to start a Plan is complete the Employer Application form and provide details on your employees so an account can be set up for each employee. We ll then confirm your Plan by sending a Welcome Kit to you and your employees. A smooth transition We make moving your Plan to MLC easy because we do it all for you. You ll be assigned a transition manager who ll arrange all the details of the transfer and keep you and your employees well informed. Ongoing support Once you ve joined us, we ll make sure the day-to-day operation of your Plan runs smoothly. Our CSIA accredited MLC Service Centre will also be there to support you and your administrative team. Administering your employees super MLC SuperEzy is an electronic administration and contribution processing service designed to help you easily meet your super obligations. MLC SuperEzy integrates your payroll system with MLC MasterKey Business Super. You can make contributions to your employees accounts with MLC MasterKey Business Super or to other super providers they have chosen. Here are just some of the benefits you ll get through MLC SuperEzy : a broad range of online servicing and transaction functions increased efficiency and reduced handling lower costs greater control through reporting, and reduced paperwork and time spent. This service is free if you nominate MLC MasterKey Business Super as your default fund and half of your employees have their contributions paid to that fund. Please see the MLC SuperEzy PDS for more information. Employer MLC SuperEzy Contributions to MLC MasterKey Business Super Contributions to other super accounts 8 MLC MasterKey Business Super Employer Guide
Additional features of your Plan Support the way your employees want to work As your employees get closer to retirement, they may want to use a transition to retirement strategy. This means your employees can continue to build their savings in super and receive a tax-effective income from a pension. MLC offers products that allow your employees to take advantage of a transition to retirement strategy. Your employees can link their MLC MasterKey Pension Fundamentals account with their MLC MasterKey Business Super account. Family Member accounts Members of your employees families can join your Plan so they can enjoy our great benefits too. This can also increase the value of your Plan. For further information, please refer to the How To Guide. Employee benefits MLC Member Rewards MLC Member Rewards gives your employees a range of great deals on financial and lifestyle products. There s something for everyone, including great deals on banking products, health insurance, gym memberships and accommodation worldwide, as well as gift cards and movie tickets. They can access MLC Member Rewards at mlc.com.au/memberrewards Best Doctors If you select Income Protection insurance for your employees or your employees apply for income protection insurance, they have access to the medical advice service offered by Best Doctors. Best Doctors was established to achieve one specific goal: to connect ill people to a network of peer-nominated, leading specialists from around the globe. These doctors provide confidence, clarity and certainty to the patient s diagnosis and treatment plan. For more information go to mlc.com.au/bestdoctorsinfo Consolidate insurance If your employees have insurance with another provider, they can apply to consolidate it with the insurance they have with us and may even save on premiums in the process. Increases without medical evidence Your employees can apply to increase their Death and TPD insurance without further medical evidence when they: adopt or have a child get married or divorced complete a first undergraduate degree at a Government recognised institution have a child who starts secondary school, or take out, or increase, a mortgage. The increase can be up to 25% of their original insurance amount, but it can t be more than $200,000. Your employees must apply within 90 days of the event occurring. Your employees can use this feature once in any 12-month period, and up to three times in total. MLC MasterKey Business Super Employer Guide 9
Keeping you informed Employer Central makes it simple to find out how to set up, customise and manage your Plan. Please visit mlc.com.au/employercentral to find out more. We ll also give you access to: Employer communications Employer Welcome Kit MLC MasterKey Business Super Employer News MLC SuperEzy reporting Confirms the Plan has been opened and the investment and insurance details for your Plan. You ll also receive a copy of the employee Welcome Kit. Email news providing updates and product enhancements with a link to the latest MLC News & Insights quarterly employee email. Provides a summary of any contributions you ve made for your employees during the financial year. Your employees can login to mlc.com.au to view account details, produce reports, switch between investment options, and find out about any product and investment enhancements. We also provide your employees with: Employee communications Employee Welcome Kit MLC News & Insights Annual statement Annual report Contains important information for your employees including the Plan details and the PDS. Quarterly email giving market updates, product enhancements and educational information. Provides a summary of all transactions and investment details for the financial year. Provides an overview of the market and industry activity that may affect your employees investments, including product changes and MLC updates. 10 MLC MasterKey Business Super Employer Guide
Information you need to know Your responsibility to keep us informed We need you to tell us about any changes so your employees accounts are up to date, by: Adding or enrolling new employees: Let us know when new employees are joining the Plan. If we don t receive their details from you within 28 days, any contribution relating to them will be refunded to you. Keeping details up to date: Update personal details of employees in your Plan regularly so that we can keep them updated about their super. Telling us when employees leave you: We need to know as soon as possible so we can process any final contributions owing. Once we re notified of the date an employee leaves, and have received their final contribution, we ll transfer their account balance to: MLC MasterKey Personal Super, or another super fund of their choice. Policy committee If you have 50 or more employees in your Plan, you re required by law to take reasonable steps to establish a policy committee. If you have less than 50, you can still establish one. The committee meets regularly and provides your employees an avenue to enquire and express their views about the running and performance of your Plan and super in general. We can provide you with information to assist you in running your committee. For further information, please speak with your transition manager. Want to change your mind? You have 14 days to check that MLC MasterKey Business Super meets your employees needs. The 14 days start from the earlier of: your first employee receiving their Welcome Kit, or five days after we accept the first contribution for your first employee. You can mail, fax or email us to close your Plan within the 14-day period. We ll then transfer your Plan to another eligible super fund of your choice. If your employees have made individual contributions, we ll transfer their account balance to: MLC MasterKey Personal Super, or another super fund of their choice. Employee account balances may be adjusted for any: increase or decrease in the unit prices payments made to your employee tax payable, and administration costs incurred in establishing or closing their account. Accounts with nil balances If we don t receive contributions from you or your employees within the first 130 days of joining, we may close their account. MLC MasterKey Business Super Employer Guide 11
Fees and costs At MLC we re transparent about the fees your employees pay. We believe in looking after you and your employees. This is why we: reduce fees for large Plan balances, and offer extra benefits when employees or their family members hold more than one MLC MasterKey account. A tax benefit may apply to fees charged to your employees super accounts. All fees shown in the table and on pages 12 and 13 are shown before the tax benefit. We charge the fees shown and then pass the tax benefit back to your employees super account as a credit, which reduces the fees shown by approximately 15%. Standard fees your employees will pay For more information on fees and costs please refer to the PDS on mlc.com.au Type of fee or cost Administration fee Indicative Investment fee Amount MLC MySuper This has two parts: Up to 0.40% pa of an employee s account balance, based on the size of your MLC MasterKey Business Super Plan plus Other investment options This has two parts: Up to 1.05% pa of an employee s account balance, based on the size of your MLC MasterKey Business Super Plan or their MLC MasterKey Personal Super account a fixed fee of up to $1.50 per week (or $2.00 per week for MLC MasterKey Personal Super). If you have a balance held in MLC MySuper, this fee will be deducted from that balance. Otherwise, this fee will only apply to you if your account balance is less than $50,000. 0.61% 1 pa Range from 0.25% pa to 7.35% 1 pa How and when paid The actual Administration fee that applies to an employee s account is included in their Welcome Kit. The Administration fee is deducted monthly from their account. The percentage fee is calculated using their average account balance in the previous month. There s no maximum Administration fee on an employee s balance held in MLC MySuper. However, if the Administration fee on their balance in MLC MySuper is more than $3,500 pa, the Administration fee on their balance held in other investment options is nil. If the Administration fee on their balance in MLC MySuper is less than $3,500 pa, the Administration fee on their balance held in other investment options is capped so that their total Administration fee does not exceed $3,500 pa. Reflected in the daily unit price for each investment option. The Investment fee for MLC MySuper is fixed, but for other investment options it varies daily as investment costs change. No Maximum. A performance fee may be charged. The amount you pay for a specific investment option is shown in the Investment Menu. Exit fee $75.00 Deducted from the amount paid when an employee makes a full withdrawal. Insurance premiums Varies according to the type of insurance held, an employee s occupation, age and gender. Deducted monthly in arrears from an employee s account. The actual premium they pay is included in their Welcome Kit. 1 A performance fee may be charged. 12 MLC MasterKey Business Super Employer Guide
Rebates and refunds Large Plan Rebate In some cases, a large plan rebate may apply to your employee s account. The actual fees that apply, will be shown in their Welcome Kit. Fee refund The fee refund is based on the combined account balances your employees and any other eligible linked investors have in MLC MasterKey accounts. Investment manager fee rebate Some Investment managers provide a rebate on their investment management fee, which we pass entirely back to your employees. The indicative investment fees in the Investment Menu are shown after allowing for this rebate. Paying for fees and premiums You may be required or want to make additional contributions to meet the cost of the fees and premiums debited from your employee s accounts. If you do this, we ll let you know the amount of fees and premiums debited from your employee s accounts. You can decide the amount of the contributions you need to make for your employees. Your transition manager can provide further information. Other information you should know Adviser service fee Your employees can choose to pay a financial adviser a fee from their account. This is in addition to the other fees described throughout the Fees and costs section. Other Adviser remuneration Advisers may also receive alternative forms of remuneration, such as conferences and professional development seminars that have a genuine education or training purpose. Advisers may also receive payments from MLC to provide financial services to you and your employees. These are paid from the Administration fee and are not an additional cost to your employees. Buy-sell spread When calculating unit prices, MLC may make an allowance for the costs of buying and selling assets. These costs include brokerage and stamp duty. When your employee transacts on their account, they may pay a small proportion of their transaction towards meeting these costs. These may vary in future without prior notice to the employee. Transaction cost allowances are shown in the Investment Menu. Government levies The government applies levies to super funds. To cover these, we ll deduct the appropriate amounts from your employees accounts each year. They ll appear on their accounts in different months each year depending on when they re deducted. Fees paid to NAB group companies MLC may use the services of NAB owned companies where it makes good business sense to do so and will benefit our customers. Amounts paid for these services are always negotiated on an arms-length basis and are included in all the fees detailed on these pages. Varying fees Investment fees may vary slightly from time to time and without prior notice to you or your employees. We ll advise your employees of any significant changes. Some of the other fees described throughout the Fees and costs section may be increased with 30 days notice. Other fees we may charge Fees may be charged if your employees request a service not currently offered. We may charge employees, or the fund generally, with actual or estimated costs of running the fund. These may include costs resulting from government legislation or fees that are charged by third parties. If the actual costs are less than estimated costs we have deducted from the account, the difference may be retained in the fund and used for the general benefit of your employees in the Plan. We may also charge fees where we are required to respond to a request under Family Law. An investment manager may charge a performance fee when its investment returns exceed a specified level. Where applicable, an estimate of this fee is included in the Investment fees shown in the Investment Menu. MLC MasterKey Business Super Employer Guide 13
Your notes 14 MLC MasterKey Business Super Employer Guide
MLC MasterKey Business Super Employer Guide 15
For more information call MLC from anywhere in Australia on 132 652 or contact your financial adviser. Postal address PO Box 200 North Sydney NSW 2059 Registered office Ground Floor, MLC Building 105 153 Miller Street North Sydney NSW 2060 mlc.com.au MLC Nominees Pty Ltd ABN 93 002 814 959 AFSL 230702. Part of the National Australia Bank Group of Companies. An investment with MLC is not a deposit or liability of, and is not guaranteed by, NAB. 50419M1214
Employer Application Form MLC MasterKey Business Super This application form is valid from 5 December 2014 and should be read with the current Product Disclosure Statement available online on mlc.com.au/pds/mkbs 1. Employer details Name of Plan Commencement date (DD/MM/YYYY) Number of employees to join Business/Company name Australian Business Number Associated business/company name (if applicable) Postal address Business address Postcode Postcode Please nominate your contact for all correspondence Name Role/Title Contact phone number (business hours) Facsimile Mobile Email 2. Contributions Please select your contribution method As part of the Government s Stronger Super reforms, by 1 July 2015, all employers will be required to follow data and e-commerce standards when making super contributions. MLC SuperEzy has been designed to help you meet these obligations. A MLC SuperEzy B BPAY Complete the MLC SuperEzy application form Once your employee s accounts have been established, please contact the MLC Service Centre to organise BPAY payments. Preparation date: 5 December 2014 MLC Nominees Pty Limited (MLC) ABN 93 002 814 959 AFSL 230702 RSE L0002998 The Universal Super Scheme ABN 44 928 361 101 R1056778 Superannuation Fund Number 281 440 344 MLC MasterKey Business Super Employer Application Form 1 of 8
3. Member groups for insurance Please refer to the Employer Guide and Insurance Guide for information on your insurance options. Do you wish to provide your employees with MLC Lifestage Insurance, a combination of Death and Total Permanent Disablement (TPD) insurance? Go to Section 4 No Complete this section. Name of Member Group 1 (eg Directors, Executives, Staff) Name of Member Group 2 Name of Member Group 3 Member Group 1 Please tick the box next to the insurance you want to apply. Death and TPD OR MLC Lifestage Insurance For more information on MLC Lifestage insurance refer to the Employer Guide. MLC Tailored Insurance What age do you want Death and TPD insurance to end? 65 years 70 years Do you want to remove TPD tapering 1? No 1 Tapering reduces TPD from age 61 by equal amount each year until the age the TPD insurance ends. Insurance benefit design tailored Death and TPD Choose one of the following for each Member Group. A Fixed premium per week (minimum $1.35) $ B Fixed amount of cover (minimum $65,000) $ C Amount of cover = multiple of annual salary (minimum 2 X annual salary) $ D Amount of cover = percentage of salary X remaining years to the age indicated above (minimum 8% of salary) % Income Protection Do you want to offer Income Protection insurance for this group? No Complete the details below Insurance benefit design Income Protection Percentage of current annual salary? 75% Other % Benefit period 2 years 5 years to age 65 Waiting period (up to a maximum of 75%) 30 days 60 days 90 days 180 days 2 2 Only available for 5 years and to age 65. Are you applying for a Super Contribution benefit? No Complete the details below What percentage of super contributions do you wish to cover? (up to a maximum of 15%) % between 1% and 15% This will provide an additional benefit of up to 15% of members Monthly Income paid into a complying superannuation fund of their choice. E Other: Please attach separate description for Insurance benefit design not listed above. 2 of 8 MLC MasterKey Business Super Employer Application Form
Member Group 2 Please tick the box next to the insurance you want to apply. Death and TPD OR MLC Lifestage Insurance For more information on MLC Lifestage insurance refer to the Employer Guide. MLC Tailored Insurance What age do you want Death and TPD insurance to end? 65 years 70 years Do you want to remove TPD tapering 1? No 1 Tapering reduces TPD from age 61 by equal amount each year until the age the TPD insurance ends. Insurance benefit design tailored Death and TPD Choose one of the following for each Member Group. A Fixed premium per week (minimum $1.35) $ B Fixed amount of cover (minimum $65,000) $ C Amount of cover = multiple of annual salary (minimum 2 X annual salary) D Amount of cover = percentage of salary X remaining years to the age indicated above (minimum 8% of salary) Income Protection Do you want to offer Income Protection insurance for this group? No Complete the details below Insurance benefit design Income Protection Percentage of current annual salary? 75% Other % Benefit period 2 years 5 years to age 65 Waiting period (up to a maximum of 75%) 30 days 60 days 90 days 180 days 2 2 Only available for 5 years and to age 65. Are you applying for a Super Contribution benefit? No Complete the details below What percentage of super contributions do you wish to cover? (up to a maximum of 15%) % between 1% and 15% This will provide an additional benefit of up to 15% of members Monthly Income paid into a complying superannuation fund of their choice. % E Other: Please attach separate description for Insurance benefit design not listed above. MLC MasterKey Business Super Employer Application Form 3 of 8
Member Group 3 Please tick the box next to the insurance you want to apply. Death and TPD OR MLC Lifestage Insurance For more information on MLC Lifestage insurance refer to the Employer Guide. MLC Tailored Insurance What age do you want Death and TPD insurance to end? 65 years 70 years Do you want to remove TPD tapering 1? No 1 Tapering reduces TPD from age 61 by equal amount each year until the age the TPD insurance ends. Insurance benefit design tailored Death and TPD Choose one of the following for each Member Group. A Fixed premium per week (minimum $1.35) $ B Fixed amount of cover (minimum $65,000) $ C Amount of cover = multiple of annual salary (minimum 2 X annual salary) D Amount of cover = percentage of salary X remaining years to the age indicated above (minimum 8% of salary) Income Protection Do you want to offer Income Protection insurance for this group? No Complete the details below Insurance benefit design Income Protection Percentage of current annual salary? 75% Other % Benefit period 2 years 5 years to age 65 Waiting period (up to a maximum of 75%) 30 days 60 days 90 days 180 days 2 2 Only available for 5 years and to age 65. Are you applying for a Super Contribution benefit? No Complete the details below What percentage of super contributions do you wish to cover? (up to a maximum of 15%) % between 1% and 15% This will provide an additional benefit of up to 15% of members Monthly Income paid into a complying superannuation fund of their choice. % E Other: Please attach separate description for Insurance benefit design not listed above. 4 of 8 MLC MasterKey Business Super Employer Application Form
4. Paying for fees and premiums Are you required, or do you want to make additional contributions to meet the cost of your employees fees and premiums? No Go to Section 5 Complete the details below Death and TPD premium Administration fee (%) Income Protection premium Administration fee ($) 5. At work on the date insurance commenced Were all employees At Work on the commencement date of the Plan? Go to Section 6 No Complete the details below At Work means that the employee is actively performing, or capable of actively performing all of the duties and work hours (for at least 30 hours per week) of their usual occupation with their employer free from any limitation due to Illness or injury. For more information on At Work, please refer to the Insurance Guide. Employee name Reason for absence 6. Maintain/Takeover existing insurance arrangements Are you transferring your Plan insurance from another provider? No Go to Section 7 Complete the details below Please select: maintain existing insurance 1, or takeover existing insurance 2 Name of existing insurer Policy number Name of contact person Phone number Address of existing insurer Email Postcode 1 IMPORTANT You ll need approval from us before completing this application. 2 Takeover terms may be offered at our discretion provided your previous insurance policy is similar. We will require an additional At Work certificate dated the day before the takeover. Please speak with your Plan adviser for assistance. MLC MasterKey Business Super Employer Application Form 5 of 8
7. Replacement of an existing superannuation fund Are you transferring your Plan from another super provider? No Go to Section 8 Complete the details below Existing plan name Name of super provider Approximate value of plan $ 8. Policy committee details If there are 50 or more employees in your Plan, you must establish a Policy Committee. Do you require a Policy Committee? No Go to Section 9 Complete the details below Please refer to the Employer Guide for more information. Employer representatives Name Employee representatives Name Name Name Name Name Name Name 6 of 8 MLC MasterKey Business Super Employer Application Form
9. Duty of disclosure and declaration Your Duty of Disclosure Before you enter into a contract of life insurance with the Insurer, you have a duty, under the Insurance Contracts Act, 1984, to disclose to the Insurer every matter that you know, or could reasonably be expected to know, is relevant to the Insurer s decision whether to accept the risk of the insurance and, if so, on what terms. You have the same duty to disclose those matters to the Insurer before such a contract of life insurance is extended, varied or reinstated. Your duty, however, does not require a disclosure of a matter: that diminishes the risk to be undertaken by the Insurer that is of common knowledge that the Insurer knows, or in the ordinary course of business ought to know, or for which your duty of compliance is waived by the Insurer. If you take out a contract of life insurance through MLC MasterKey Business Super, the Trustee obtains life insurance from the Insurer on behalf of your employees. Because the Trustee is taking out a life insurance policy at your request, the Trustee requires you to make a full disclosure to it on the same basis. Non-Disclosure If you fail to comply with your Duty of Disclosure and the Insurer would not have entered into the contract on any terms if the failure had not occurred, the Insurer may avoid the contract within three years of entering into it. If your non-disclosure is fraudulent, the Insurer may avoid the contract at any time. Even if the Insurer is entitled to avoid the contract of life insurance, the Insurer may, within three years of entering into it, elect not to avoid it but reduce the sum that your employees have been insured for in accordance with a formula that takes into account the premium that would have been payable if you or your employees had disclosed all relevant matters to the Insurer. Your Duty of Disclosure continues until the contract of life insurance has been accepted by the Insurer and a policy is issued. It also applies if the contract is extended, varied or reinstated. Applicant Declarations Application is made by the Employer on its own behalf and on behalf of its current employees in respect of whom it will from time to time contribute to MLC MasterKey Business Super. The application consists of this form (in the case of the Employer) and the employee details provided in the Initial Contribution Remittance Advice together with the initial contribution (in case of Employees). The application is accepted and admission to MLC MasterKey Business Super commences when the initial contribution is accepted. I/We wish to apply to become a standard employer sponsor under The Universal Super Scheme and agree to be bound by the trust deed governing this scheme, as amended from time to time, and for MLC Nominees Pty Limited to act as trustee of MLC MasterKey Business Super. I/We have read and understood the MLC MasterKey Business Super Employer Guide and the MLC MasterKey Business Super Product Disclosure Statement. I/We will notify MLC of changes in salary, occupation and employment status, for my employees, within a reasonable time period. I/We have read and understood the Duty of Disclosure and Declaration contained in this application form. Name Position Signature Authorised person(s) (if appropriate) Date (DD/MM/YY) I/We authorise MLC Limited and MLC Nominees Pty Limited to accept the signature or instructions, for the purposes of administering the Plan, from any of those authorised persons whose signature appear below. Name Position Phone number Facsimile number Signature Date (DD/MM/YY) MLC MasterKey Business Super Employer Application Form 7 of 8
Financial adviser use only Plan adviser name 1 Division NAFP FI/FN number Financial adviser number Contact telephone (business hours) Plan adviser checklist Before sending this application, please check your client has answered all relevant questions and signed the form. Insurance Does the Plan meet the criteria for the provision of an Automatic Acceptance Limit? (see page 7 of the Employer Guide) Your Client s NAB Customer MEID (if known) Financial adviser s stamp No Are there clear rules that define: the amount of insurance (ie no choice) No the eligibility for insurance (ie compulsory) Email Plan adviser name 2 Division Financial adviser number No a consistent benefit design (Plan or Member Group) No If the Plan has more than 99 members have tailored insurance rates been quoted? NAFP FI/FN number Contact telephone (business hours) No Attach copy of the quote to application A tailored quotation must be completed Your Client s NAB Customer MEID (if known) Financial adviser s stamp Is there a Policy Committee? No Contact MLC for information on setting up a Policy Committee. If assets are transferring from an existing super fund, please ensure each member signs a Consolidate your super form to transfer their existing superannuation benefits. These can be obtained from MLC. (Special arrangements may be available for larger funds.) Email Special instructions 8 of 8 MLC MasterKey Business Super Employer Application Form
New enrolment details MLC MasterKey Business Super This form may be copied and completed for each employee enrolling in your Plan. Alternatively you can enrol new employees online with MLC SuperEzy. To register, all you need to do is complete the MLC SuperEzy Application form available at mlc.com.au 1. Employer to complete This section is compulsory for completion of the enrolment. Please ensure information is correct or your employees insurance may be modified or cancelled. Plan number (if known) Plan name Employer name Member group Employee s details Title Mr Mrs Miss Ms Other Middle name First name Family name Date of birth (DD/MM/YYYY) Email Gender Male Female Date joined company (DD/MM/YY) Tax File Number (TFN) Occupation Penalties can apply to you if you fail to quote an employee s TFN to us within 14 days of them providing it to you. Current annual salary OR Hourly rate (if casual) Estimated hours per week (if casual) $ $ hours Please note: Annual salary is your employee s income derived from their occupation, excluding super, director s fee, overtime payments, penalty or shift allowances, investment income etc. Refer to our Occupation Guide for more information available at mlc.com.au/forms_and_brochures Preparation date: 5 December 2014 MLC Nominees Pty Limited (MLC) ABN 93 002 814 959 AFSL 230702 RSE L0002998 The Universal Super Scheme ABN 44 928 361 101 R1056778 Superannuation Fund Number 281 440 344 MLC MasterKey New enrolment details 1 of 4
1. Employer to complete continued Residential address Residential address can t be a PO Box. Unit number Street number Street name Suburb State Postcode Country Postal address (if different to your employees residential address) Unit number Street number Street name Suburb State Postcode Country Basis of employment Full time Permanent part time Permanent part time (more than 15 hours per week) (less than 15 hours per week) Fixed term employment* Casual* Seasonal or Contract* * Refer to the Insurance Guide for definitions of these employment types. Was the new employee actively At Work on the day insurance cover first commenced (usually date joined Plan)? No If no, state the reason Refer to the At Work definition in the Insurance Guide. 2. Employer declaration This application is made by the Employer on its own behalf and on behalf of its current employees in respect of whom it will from time to time contribute. I/We have received and read the current Product Disclosure Statement available on mlc.com.au, and apply to have my/our employees become members of The Universal Super Scheme. I/We understand that following the enrolment of the employee, he/she will be able to nominate dependants, select investment options and supply additional personal information as required to operate their MLC MasterKey Business Super account. Employer signature Date (DD/MM/YY) 3. Send us your form Please mail your completed, signed and dated form to: MLC PO Box 200 North Sydney NSW 2059 If you have any questions, please speak with your financial adviser, call us on 132 652 Monday to Friday between 8 am and 6 pm (AEST/AEDT) or visit mlc.com.au 2 of 4 MLC MasterKey New enrolment details
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MLC SuperEzy Product Disclosure Statement Preparation date 1 October 2014 Issued by MLC Limited ABN 90 000 000 402 AFSL 230694
MLC SuperEzy MLC Who you go through life with makes all the difference. At MLC, we ve been looking after Australians investment and insurance needs for over 125 years. This experience has taught us that the right solution for each business and investor is as unique as you are. That s why we specialise in creating a diverse range of super, investment and insurance solutions. And, as your business and employees needs will change over time, we ll continually enhance our products and services so you get the best out of your experience with us. The MLC group of companies is the wealth management division of the National Australia Bank (NAB). How to register: All you need to do is complete the MLC SuperEzy Application form. We ll then send you your unique user ID and password, and be on hand to support you. The MLC SuperEzy solution Using our online service to make contributions is an efficient way to manage your super obligations. You can make contributions for employees within your MLC MasterKey Business Super Plan, and for those who have chosen another super account. Some of the benefits available through MLC SuperEzy include: a broad range of online servicing and transaction functions increased efficiency and reduced handling lower costs data security a range of support tools, and a dedicated support team. Managing your employees super MLC SuperEzy is an online administration and contribution processing service designed to help you easily meet your super obligations. MLC SuperEzy can work with your payroll system so you can: enrol new employees, update salaries and change personal details reduce data entry while making it easier to keep your employee details up to date eliminate the need for paper and cheques, and automatically reconcile payments. Employer MLC SuperEzy Contributions to MLC MasterKey Business Super Contributions to other super accounts 2 MLC SuperEzy Product Disclosure Statement
Our security MLC SuperEzy system automatically reconciles your contributions and reduces your processing times. Payment type How it works How we process contributions MLC MasterKey Business Super accounts All other super accounts Plus, you can control who in your company can authorise online payments. As an extra level of security, you can even nominate one person to send us employee contribution details, and another person to verify and authorise the payment. You can make this even more secure by selecting dual password authorisation of payments. With data security like digital certificate safety and 128-bit information encryption, you can be confident we re looking out for your employees and their super. While we re confident your information is very safe as we have strong security processes and systems in MLC SuperEzy, we can t guarantee it won t be subject to unauthorised access. Some things you can do to maintain integrity of your and your employees information include: only let authorised people use MLC SuperEzy put password and process controls in place and check the information being sent to us report any unauthorised transactions to us as soon as you become aware of them let us know if you think your user IDs and passwords have been compromised, and let us know if an MLC SuperEzy user has left your company. Employer Initiated Direct Debit Direct Credit (EFT) You send us your employees contribution details and authorise payments from your nominated bank account: one for employees with MLC MasterKey Business Super, and one for employees who have chosen another super account. After you send us your employees contribution details, we ll give you a unique code reference. You need to use this code when you make a payment from your bank account so we know the payment is from you. If we receive both the contribution details and the payment by 3 pm (AEST/AEDT) on a business day, we ll process contributions effective that day. If we don t receive both of these by 3 pm, we ll process contributions effective the next business day. If we receive both the contribution details and the payment by 3 pm (AEST/AEDT) on a business day, we ll send contributions either electronically or by post within six business days. If payments are posted, contributions may take longer to be processed by the receiving super provider. You need to make sure the information you send us is accurate and you re meeting any legislative and compliance requirements relating to your super obligations. We can process your requests once we receive all the required information. If you don t send us the correct information in time then you might not meet your super obligations to employees. As a result, you may have to pay a superannuation guarantee charge to the Australian Tax Office. We ll contact you if: we find a mistake in the information you provided your payment doesn t match the amount in the contribution details the nominated provider doesn t accept your contribution, or you don t have enough cleared funds in your nominated bank account. At the date you make any necessary changes including additional payments if required, we ll then process your contributions. We ll have to return any payments you ve made within 20 business days, if you don t make these changes. MLC SuperEzy Product Disclosure Statement 3
MLC SuperEzy Fees There are no fees to use MLC SuperEzy if more than half of your employees you re contributing for receive contributions to MLC MasterKey Business Super through MLC SuperEzy. If this isn t the case, a fee of $0.55 (inclusive of GST) may be charged for every contribution made to another super account for each employee. We ll invoice you for this amount if applicable. We may change this fee but we ll let you know at least 30 days before we do. We may pass on any costs we incur including costs resulting from Government legislation or fees which are charged by third parties. Resolving complaints We can usually resolve complaints over the phone, but if we can t, or you re not satisfied with the outcome, please write to us. We ll work to resolve your complaint as soon as possible. If you re not satisfied with our decision, you can get further advice from the Financial Ombudsman Service: Phone: 1300 780 808 Email: info@fos.org.au Web: fos.org.au Cancelling MLC SuperEzy You can write to us at any time to cancel your access. We ll complete any instructions we have at the time and let you know when they ve been finalised. You ll then need to make alternate payment arrangements. We can also cancel your access without notice if you don t comply with the terms outlined in the Application form. In all other circumstances, we ll give you 30 days notice. Changes to MLC SuperEzy Occasionally, we may make some changes to MLC SuperEzy. If this happens, we ll let you know the details through our regular communications. We ll simply update mlc.com.au if the changes aren t materially adverse. If you d like a hard copy of these changes, please call us and we ll send you a copy. Any questions? If you have any questions please call us on 132 652, between 8 am and 6 pm (AEST/AEDT), Monday to Friday. Postal address MLC Limited, PO Box 200 North Sydney NSW 2059 Registered office Ground Floor, MLC Building 105 153 Miller Street North Sydney NSW 2060 mlc.com.au MLC Limited ABN 90 000 000 402 AFSL 230694. Part of the National Australia Bank Group of Companies. An investment with MLC is not a deposit or liability of, and is not guaranteed by, NAB. 4 MLC SuperEzy Product Disclosure Statement 84576M1014
Application Form MLC SuperEzy This application form is valid from 1 October 2014 and should be read with the Product Disclosure Statement dated 1 October 2014. 1 Plan details Name of Plan Plan number (if known) Employer name (company, individual (s), or partnership) ABN 2 How would you prefer to load data into MLC SuperEzy? Manual data entry Input from a payroll file 3 Who is the main MLC SuperEzy contact for your business? This person has a high level of security access and we ll email all MLC SuperEzy user ID s and passwords to them. First name Surname Position Contact telephone (business hours) Mobile number Email 4 Payment method Select your payment method Employer initiated direct debit Direct credit (EFT) How would you like to authorise the payments? We recommend employer initiated direct debit as a payment method as this will only be initiated when you submit an online instruction to do so. Keeping you in full control of your financial transactions with MLC. Single password (requires one person to authorise the payment) Dual password (requires two people to authorise the payment) MLC Limited ABN 90 000 000 402 AFSL 230694 MLC SuperEzy Application Form 1 of 4
5 Bank Account Details We will use your bank account to process direct debit requests and return any contributions if required. Name of financial institution BSB Account number Name of account Signature of bank account authorised signatory First name Surname Signature of bank account authorised signatory First name Surname Date (DD/MM/YY) Date (DD/MM/YY) 6 Please list the additional users who you authorise to have access to MLC SuperEzy and tick the access level required. First name Phone number Surname Email Access level A B C First name Phone number Surname Email Access level A B C Access level A Employee contribution details and submission for processing This level of access allows a user to: view company information (payment method, submission history, user identifications etc) and download reports view and update employee details update and create MLC SuperEzy authorised user details, and create and submit contribution worksheets, contribution data and member data. Access level B Employee contribution details only The same access as level A above but does not allow the authorisation of contributions. Access level C Read only This level of access allows a user to view company or site information only and does not allow the input of any data. 7 Employer declaration The Employer declares that this application is complete and correct and agrees to the service agreement and terms and conditions on pages 3 4 of this form. Name Position Signature of authorised signatory on behalf of Employer Date (DD/MM/YY) 2 of 4 MLC SuperEzy Application Form
Send us your form Please mail your completed, signed and dated form to: MLC PO Box 200 North Sydney NSW 2059 Direct debit request service agreement This Service Agreement and the Schedule in sections 4 and 5 contain the terms and conditions on which you authorise us to debit money from your account and our and your obligations under this agreement. You should read through the Service Agreement and Schedule carefully to make sure you understand these terms and conditions. You should direct all enquiries about your direct debit to us by calling 132 652 between 8 am and 6 pm (AEST/ADST) on any business day. Our commitment to you We ll give you at least 14 days notice in writing if there are changes to the terms of drawing arrangements or if we cancel the drawing arrangements. We ll keep the details of your nominated financial institution account confidential, except if it s necessary to provide your details to our bank for the purpose of conducting direct debits with your bank. Where the due date is not a business day, we will draw from your nominated financial institution account on the business day before or after the due date in accordance with the terms and conditions of your MLC account. Your commitment to us It s your responsibility to: confirm with your financial institution your nominated bank account can accept direct debits confirm with your financial institution there is sufficient money available in the nominated bank account to meet each drawing on the due date let us know if the nominated financial institution account is transferred or closed, or the account details change. We need a minimum of: 7 working days notice of change for banks and 21 days for Building Societies arrange an alternate payment method acceptable to us if we cancel the drawing arrangements and make sure that all account holders on the nominated financial institution account sign the Schedule in section 6. Your rights You should contact us or your nominated financial institution if you want to change the drawing arrangements. This includes: stopping an individual drawing, deferring a drawing, suspending future drawings, altering the Schedule, and cancelling the Schedule. If you think that a drawing has been initiated incorrectly, you should first contact us on 132 652, or you may contact your nominated financial institution. Other information The details of your drawing arrangements are in sections 4 and 5. We reserve the right to cancel drawing arrangements if drawings are dishonoured by your financial institution. If your drawing is dishonoured, your financial institution may charge you a fee, and you ll also need to resubmit the correct information and make a new payment for the total amount. We don t currently charge for dishonours, but reserve the right to do so in the future. Your drawing arrangements are also governed by the terms and conditions of your MLC account. Terms and conditions of MLC SuperEzy Security We ll issue a user ID and password to the main contact you provide. You may ask for one or more representatives to be given this user ID and password. You authorise us to act on instructions and any information submitted to us using your user ID and password. We may delay, or reject an instruction if we think it s unauthorised. You must: only let authorised users access MLC SuperEzy not give the user ID or password to anyone who isn t an authorised user remember passwords and not write them down make sure the contributions processed through MLC SuperEzy appear in your nominated bank account report any unauthorised transactions to us immediately and let us know if an MLC SuperEzy user has left your company. If you think your user ID or password has been compromised, you must contact us immediately on 132 652. Access to MLC SuperEzy While we ve put in place certain security systems, we can t guarantee in all circumstances that MLC SuperEzy or the information it contains won t be subject to unauthorised access. Employee contribution details and payment stopping or correcting contributions If you ve submitted your employee contribution details and payment, and would like us to stop them being forwarded to the external super fund, you must tell us within 24 hours. If you don t let us know within this time and we ve forwarded the payment and contribution data to the external super fund, it will be your responsibility to recoup these funds from them directly. You ll also need to re-submit the correct information and make a new payment for the total amount. 3 of 4 MLC SuperEzy Application Form
Direct Credit (EFT) You ll need to make the direct credit contribution payments immediately after providing us with contribution information. You must also make sure you have provided the correct payment amount and quote the correct reference on your payment. If not, we won t be able to process your contribution or pass these contributions on to other funds on your behalf. We are not liable for any loss you or any other person incurs as a result of us being unable to process your contribution and payment as a result. Disclaimer We re not liable for any delays, malfunctions or errors relating to the service (including the receipt or processing of contributions) that are outside our control, or that arise because of: weekends or public holidays instructions or information sent after our cut-off times errors or delays by you or other parties, or dishonour of a direct debit or other payment method. We re also not liable for losses or other liabilities suffered by you or any other person relating to: data loss or corruption, or breach of data security or technology system security malfunctions or other difficulties caused to any computer hardware or software or other equipment as a result of your use of the service your use of the service generally, or the temporary or permanent unavailability of the service or any part of it at any time. Your liability You indemnify us for any loss, expenses or other liability we incur as a result of information that was, or wasn t supplied by you, or on your behalf, or if you, your employees or agents breach: these terms and conditions any super, tax, industrial relations, or other legislation Issuer of this service The MLC SuperEzy service is provided by MLC Limited and as such, the trustee of MLC MasterKey Business Super and The Universal Super Scheme has no involvement in or responsibility for the MLC SuperEzy service. We may share your information with other organisations for any purposes for which we use your information. We may disclose your personal information with other National Australia Bank Group members of which we are part, and to parties outside our Group (for example and as relevant to your product and service, to your agent, adviser or employer; to our agents and service providers) including for training staff; development and testing of products, services and systems; risk management, planning, research and analysis. We run our business overseas and we may need to share your information to organisations outside Australia (for example a call centre) a list of those countries is at nab.com.au/privacy/overseas-countries-list To let you know about the products the NAB Group has on offer we and other Group members may use your personal information for marketing activities. You can let us know at any time if you no longer wish to receive direct marketing offers from the Group by contacting us. More information about how we collect, use, share and handle your personal information is in our Privacy Policy, including how you may access or correct information we collect about you and how you may make a complaint about a privacy issue, available on mlc.com.au. Contact us for a paper copy or if you have any questions or comments about our privacy policy or procedures. SuperStream The Government s SuperStream reforms have begun phasing in new compulsory electronic data and payment standards for transactions between employers and super funds. This includes employee super contributions, registering employees for new super accounts and account maintenance. By using MLC SuperEzy, you: agree MLC SuperEzy complies with SuperStream s transitional arrangements as detailed on the mlc.com.au/superezy_ transition website, acknowledge MLC SuperEzy will verify MLC MasterKey Business Super employee tax file numbers (TFNs) with the Australian Taxation Office, and agree to provide the data requested by MLC SuperEzy in addition to the minimum stated in the new SuperStream standards (eg employee data which allows us to set up relevant insurance for your new default super staff members). How to contact us If you have any questions, please contact us on 132 652 any business day between 8 am and 6 pm (AEST/ADST) or visit mlc.com.au Privacy We collect your personal information from you directly wherever we can but in some cases as relevant to you and your product holding we may collect it from third parties such as your agent, adviser, employer, or for example a doctor in the case of a claim. We do this for the purposes of determining your eligibility for and managing and administering the product or service (for example to pay a benefit to a beneficiary). If personal information is not provided to us we may not be able to provide to you the product or service or manage and administer it. We may collect information about you because we are required or authorised by laws, including those affecting financial institutions such as company and tax laws, such as to verify your identity under Commonwealth Anti-Money Laundering law. 83317M1014 4 of 4 MLC SuperEzy Application Form