Group Salary Continuance Policy 1 July 2014 30 June 2015

Group Salary Continuance Policy 1 July 2014 30 June 2015 This Group Insurance Plan has been in place since 1995 and has been mutually beneficial to all parties. New Practice staff members are welcome to participate in the GSC Scheme. Details RI Advice Group maintains the Salary Continuance policy outside the Superannuation regime. Premiums are paid by individuals and are fully tax deductible. Amounts received as benefits represent income and are subject to income tax. Salary Continuance - Key Features A summary of the features of this policy is listed below. Benefits payable are 75% of pre-disability income, payable in monthly instalments to a maximum of age 65. Once a claim has been accepted by OnePath Life, benefit levels increase each year automatically by the lesser of 5% or the CPI (Consumer Price Indexation) The policy will not pay any benefit for the first 30 days of disability. For salaried personnel, the benefit payable will be based on the salary advised at the time of entry or the salary advised at the last annual review, whichever is later. The annual review date for this plan is 1st July. For personnel receiving brokerage, the benefit will be based on the average annual income from all business placed through RI Advice Group over the three years prior to the claim A schedule of premiums that applies is set out with an example on page 6. Note the premium will be determined by your age next birthday as at 1 st July each year. It is important that intending members carefully calculate their likely income (on joining and at annual reviews) to avoid paying premiums for benefits which may not be payable at claim time. It is important to note that the RI Advice Group Salary Continuance plan does not offer any level of Automatic Acceptance cover upon joining the plan. All cover must be satisfactorily underwritten by OnePath prior to cover commencing. RI Advice Group Pty Ltd ABN 23 001 774 125 AFSL 238429 Registered office Level 13, 347 Kent Street Sydney NSW 2000 www.riadvice.com.au

of 6 How Do You Pay for the Cover? All premiums payable for Salary Continuance will be invoiced to the member or Practice directly. As RI Advice Group will not be claiming a tax deduction for the premiums paid, payment against RI Advice Group s invoice should be satisfactory evidence for persons intending to claim a tax deduction. Proprietors must agree to this invoicing method by signing the application form. Proprietors will need to make their own arrangements with their staff for reimbursement, where this is appropriate. Please note: the initial premium payment will be pro-rated based on the time remaining for the current plan year. Thereafter, premiums will be payable for the full plan year i.e. 1 July to 30 June. What Do You Need To Do? 1. Complete your personal details on the Application Form on page 4. 2. Complete the attached OnePath Group Risk Personal Statement in full, including appropriate signatures and, if advised later in the application process, any supplementary questionnaires where appropriate. 3. Calculate and record the 2014/2015 annual premium for the cover required using the premium rate chart attached (page 6). 4. Obtain the signature of your Proprietor on the RI Advice Group Insurance Application Form. 5. Forward all documents to INPRO Australia By mail to: Attention: Office Manager INPRO Australia Pty Ltd PO Box 631 North Sydney NSW 2059. or By Fax to: (02) 9955 4377 or By scan/email to: admin@inpro.com.au

of 6 What INPRO Australia will do for you once your application form is received? 1. Acknowledge your application and where appropriate, advise if any additional information is required. 2. Forward your Personal Statement to OnePath for underwriting 3. Follow-Up an additional requirements. INPRO Australia is the authorised servicing adviser for the plan. INPRO Australia is a Millennium3 Corporate Authorised Representative. Should there be any questions regarding the application or policy, please contact the Office Manager at INPRO Australia by fax on (02) 9955 4377; by phone on (02) 9955 4366 or by e-mail to admin@inpro.com.au What will RI Advice do once your application has been submitted? 3. RI Advice will arrange for the issue of an invoice for premiums related to Salary Continuance cover. (Upon Underwriting acceptance, OnePath will advise RI Advice Group the premium amount payable for the broken period in the first year of membership) Should there be any questions regarding premium invoicing, please contact the Brokerage Team by phone on 1300 369 293 or by email brokerage@riadvice.com.au What happens when you leave RI Advice Group? The RI Advice Group Salary Continuance policy contains a Continuation Option for persons leaving RI Advice Group, provided they are aged less than 60. Departing members for Group Salary Continuance must formally exercise their Continuation Option by notifying INPRO Australia and submitting the relevant OnePath application within 60 days of departure. If you would like to continue with this Income cover you need to forward the completed Continuation form on page 5 to INPRO Australia as soon as possible after departure. Please Note: It is important that the person within RI Advice Group administering the plan be notified as soon as possible when a person covered under these arrangements leaves RI Advice Group, irrespective of whether or not a Continuation Option is exercised. OnePath Life will not refund premiums for any period when it has not been promptly notified of a member s departure that results in the discontinuance of cover. Provided timely notification of member departures is received by RI Advice Group and OnePath, (see form on page 5) premiums will be adjusted. However, please also note that as group insurance plans are only reviewed annually (ie: as at 1 July for this plan), any premium refund that may be calculated and made, may not be available until the annual Plan Review has been finalised. Important note about existing cover you may have: While it is permissible to insure your income under multiple policies, it is not permissible to insure your income for more than 75% in total. In obtaining full cover under the RI Advice Group Salary Continuance plan, any existing income protection or Salary Continuance policies should be cancelled after you have been advised that the RI Advice Group plan cover has commenced.

of 6 GROUP SALARY CONTINUANCE INSURANCE 2014/2015 RI Advice Group Insurance Plan Application Form Office: First name: Sex: Date joined or obtained Authorisation: Business Email: Personal Email: Office No: Surname: Date of Birth: Job title: Phone No: Mobile No: Home Address: Please arrange Salary Continuance for 75% of my income Annual income # $ # The amount to be shown is the current level of fixed remuneration (if any) plus the value (if any) of regular commission incomes. Refer to Key Features on Page 1 I confirm the details provided above are correct I acknowledge that the premiums for salary continuance insurance will be invoiced to the above named office. Completed forms are to be forwarded to: Office Manager PO Box 631 North Sydney NSW 2059 Member Name Member Signature Date Office Proprietor Name Office Signature Date Enquiries: (02) 9955 4366

of 6 GROUP SALARY CONTINUANCE INSURANCE RI Advice Group Insurance Plan Continuation Option / Departing Member Form Office: Office no: Surname: First name: Sex: Date joined or obtained Authorisation: Date of Birth: Job Title: Please note: I cease to be associated with RI Advice Group or the above mentioned office from / / I choose the following option: I am leaving RI Advice Group and do not wish to continue my Salary Continuance insurance I wish to consider continuing my Salary Continuance insurance with a personal income protection policy, without health underwriting and want INPRO Australia to contact me in regards to this. I understand that to exercise a Continuation Option, it is necessary for the relevant completed OnePath application form to be received by OnePath within 60 days of ceasing duty. Salary Continuance cover at cessation: $ I confirm the details provided above are correct Signature Date Home Address: Home Phone: Mobile: Personal Email: Completed forms are to be forwarded to: Office Manager PO Box 631 North Sydney NSW 2059 Enquiries: (02) 9955 4366

of 6 Group Salary Continuance Annual Premium Rates per $100 Monthly Benefit* Waiting Period 30 days, Benefit Period To age 65, Lesser of 5% or CPI Indexation Age Next Male Female Age Next Male Female 16 15.29 20.86 41 44.18 68.10 17 15.30 20.87 42 47.30 72.40 18 15.34 20.91 43 50.65 76.86 19 15.35 20.92 44 54.24 81.45 20 15.38 20.95 45 58.05 86.14 21 15.85 21.57 46 62.86 92.04 22 16.34 22.21 47 67.24 96.96 23 16.84 22.86 48 71.89 101.95 24 17.37 23.54 49 76.83 106.99 25 17.91 24.23 50 82.07 112.05 26 18.49 25.53 51 87.70 117.22 27 19.06 26.81 52 93.67 122.37 28 19.79 28.33 53 99.98 127.50 29 20.66 30.06 54 106.64 132.57 30 21.68 32.02 55 113.69 137.57 31 22.86 34.21 56 122.63 144.87 32 24.21 36.64 57 129.73 148.94 33 25.71 39.27 58 136.45 152.12 34 27.36 42.11 59 142.41 154.12 35 29.18 45.17 60 147.09 154.54 36 31.56 49.03 61 148.96 152.01 37 33.71 52.48 62 147.11 145.93 38 36.06 56.13 63 132.77 129.48 39 38.55 59.94 64 96.44 94.71 40 41.27 63.94 65 45.48 46.32 Please note the above premium rates do not include Stamp Duty. Stamp Duty is payable per members state of domicile. Below is an example for calculating the annual premium. An example premium The annual premium for a male aged 45 next birthday, living in NSW whose annual income is $84,000 would be calculated as follows:- Annual Income (refer Key Features on page 1) 84,000 STAMP DUTY Monthly equivalent 7,000 NSW 5% W.A. 10% Benefit level (ie 75%) (A) 5,250 VIC 10% TAS 8% Premium per $100 monthly benefit for relevant age (B) 58.05 QLD 7.5% N.T. 10% Annual base premium (A x B 100) $3,047 S.A. 11% ACT 10% Plus stamp duty at applicable rate (eg. NSW 5%) $152.38 Total Annual Premium $3,199.38