20 September 2023

1320022011002111212011220201000000010000120100212002323021131212113
Mr Val Giffin
34 Almondbark Rd
WORRIGEE NSW 2540

Dear Val

I'm pleased to enclose your AustralianSuper annual statement for the year to 30 June 2023.

Positive investment returns in 2022/23

This year our flagship Balanced investment option, where most members invest, delivered a solid return of 8.22%.
It's a top performer over the long-term, ranking second over 10 and 20 years1 with an average return each year of
8.6% over 10 years and 8.12% over 20 years2.

With expected weaker economic growth in the short to medium term and continued investment market volatility,
we're likely to see modest returns over the next few years. Our experienced, global team of professionals actively
invests your super with a singular focus on achieving strong, long-term returns for you.

The Balanced option is a diversified portfolio and, as we move through market cycles, this diversification helps
cushion the impact of downturns and benefits from growth as markets recover. Super is a long-term investment
and by staying invested in a diversified portfolio your super has more opportunity to grow over time. For more
information about investment performance and the market outlook, visit australiansuper.com/investments

Using our size to benefit you

This year we welcomed 514,000 new members and now we manage over $300 billion of super savings on behalf
of more than three million members.

As Australia’s largest superannuation fund, we use our size to benefit members. We're focused on delivering strong
long-term investment performance and lower fees. In the past year we maintained or reduced administration fees
for more than 2.3 million members. In addition, insurance premiums decreased by an average of 11% for almost all
insured members.

Improving our offer for you

We're regularly reviewing our products and services to help us meet the diverse needs of members. This year we
expanded our comprehensive range of webinars and seminars and upgraded the secure member portal and mobile
app to make it easier for you to access and manage your account. Over 850,000 members used the app last year
to keep track of their super.

We remain committed to helping members like you achieve their best financial position in retirement. For more
information or to contact us if you have any questions, please visit australiansuper.com

Yours sincerely
603 ur 81 E-1 S-1 I-1 100000

Paul Schroder
Chief Executive
1
SuperRatings Fund Crediting Rate Survey, SR50 Balanced (60-76) Index to 30 June 2023.
2
Past performance isn’t a reliable indicator of future returns. Returns from equivalent investment options of the ARF and STA super funds are used for periods before 1 July 2006.

T 1300 300 273 This information may be general financial advice which doesn’t take into account your personal objectives,
financial situation or needs. Before making a decision about AustralianSuper, you should think about your financial
F 1300 366 273
requirements and refer to the relevant Product Disclosure Statement available at australiansuper.com/pds
GPO Box 1901 Melbourne VIC 3001 Australia or by calling 1300 300 273. A Target Market Determination (TMD) is a document that outlines the target market a
product has been designed for. Find the TMDs at australiansuper.com/tmd. AustralianSuper Pty Ltd, ABN
australiansuper.com/email
94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898.
australiansuper.com

INDUSTRY 1263.9 02/22 ISS3

 Annual super statement
For 1 July 2022 to 30 June 2023

1320022011002111212011220201000000010000120100212002323021131212113
Mr Val Giffin Your super balance
34 Almondbark Rd
at 30 June 2023
WORRIGEE NSW 2540

$1,298.06
Member number: 1075002585
Plan: AustralianSuper
Date joined Fund: 28 July 2022

Your account history Your account summary

$1,298 Opening balance at 1 July 2022 $0.00

Plus
Contributions from your employer(s) $1,525.03
$0 $0 Investment returns $30.30
Less
Government taxes -$228.77
2021 2022 2023 Fees1 -$28.50
Closing balance at 30 June 2023 $1,298.06
Increase in balance $1,298.06
1
Includes administration fees and associated tax benefits and other
fees that are deducted directly from your account but does not
include fees and costs deducted from your investment. See Your
Take control of your super fees and costs summary for details.

Use our super projection calculator to work Your insurance cover summary at
out how much money you could have in 30 June 2023
retirement.
Visit australiansuper.com/SuperProjection Your cover hasn’t started yet. See the Your insurance cover
section for more information.

123
603 ur 81 E-1 S-2 I-2 100000

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 Member number: 1075002585

Your investment summary

Investment return ($) How your account is invested Your future contributions
Investment options
at 30 June 2023 ($) strategy (%)
Balanced 30.30 1,298.06 100.00
Total 30.30 1,298.06 100.00

Investment option performance

Crediting rates to 30 June 2023

1 year % 5 years % p.a. 10 years % p.a. Since

inception %
Name of investment
p.a.
option AusSuper Benchmark AusSuper Benchmark AusSuper Benchmark

Balanced 8.22 9.05 6.72 5.88 8.60 7.32 9.28 (Aug 85)

Benchmarks
Balanced – SR50 Balanced (60-76) Index.

Investment option returns shown above do not reflect your personal return over the same period due to the timings of
transactions on your account.
Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns. A copy of the
latest product dashboard for our MySuper Balanced option can be found at australiansuper.com/MySuperDashboard

How investment returns are calculated

For all investment options other than Member Direct, AustralianSuper declares a daily crediting rate based on the
performance of each option (after allowing for investment fees and costs, transaction costs and taxes, and the
percentage-based administration fee deducted from returns from 1 April 2020 to 2 September 2022). Returns are
determined daily and applied to your account balance:
• at 30 June each year
• when you change investment options, or
• when you make a partial withdrawal, or
• when you close your account.
If you’d like to know the crediting rates that applied for each day of the period, or for more information about all
investment options, visit australiansuper.com/investments
You can view an estimate of your current balance at any time, taking into account all transactions and investment
returns, by logging into your account at australiansuper.com
603 ur 81 E-1 S-3 I-3 100000

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 Member number: 1075002585

Your insurance cover

As at 30 June 2023, you don't have any insurance cover.
To see any cover that may have started since 30 June 2023, use the app or log into your account and go to
Insurance.

Learn more
• Find out more about insurance in the Insurance in • If you’re not sure how much (if any) cover is right
your super guide for your division. It details terms for you, you can use our insurance calculator to
and conditions about insurance, including costs, work out how much you might need and what it
your eligibility for cover, how much you can apply might cost, based on your age as well as other
for, what you’re covered for, when it starts and personal and financial details. Go to
stops, active employment, limited cover and australiansuper.com/InsuranceCalculator
exclusions, and your insurance options. Visit
australiansuper.com/InsuranceGuide
603 ur 81 E-1 S-4 I-4 100000

AustralianSuper insurance is provided by TAL Life Limited (the Insurer) ABN 70 050 109 450 AFSL 237848.

Questions? 1300 300 273 (8am to 8pm AEST/AEDT weekdays) australiansuper.com Page 3 of 8
 Member number: 1075002585

Access to your super

Unrestricted non-preserved (available now) $0.00
Restricted non-preserved (available when you change employers) $0.00
Preserved (available when you retire from the workforce or after reaching 60, which is
$1,298.06
your preservation age determined by your date of birth)1
The value of your benefit is at 30 June 2023 and is subject to change. Before withdrawing
from the fund, you should seek information from AustralianSuper about your withdrawal
benefit at the time.
1
You may be able to access your super in other circumstances, see australiansuper.com/AccessSuper for details.

Your beneficiaries
You haven’t nominated any beneficiaries, so we don’t know who you’d like us to pay your super to if
you die.
To nominate beneficiaries, log into your account at australiansuper.com
Or to make a binding nomination, download the appropriate form at australiansuper.com/forms or
call us on 1300 300 273.
Changes made to details of beneficiaries after 30 June 2023, will appear on next year’s statement.
To learn more about who you can nominate as a beneficiary see australiansuper.com/beneficiaries

Your personal details

Name: Val Giffin
Email: valwork011@gmail.com
Mobile: Provided
Home: Please provide
TFN: Provided

Please check your personal details are correct. If any information is incorrect or missing, please log into your online
account at australiansuper.com and update the details as necessary. To update or provide your mobile number please
call us on 1300 300 273.
Your privacy is important to us. When your personal details are provided to us they are securely stored and are
accessible only to authorised personnel for approved purposes. To find out more visit australiansuper.com/privacy

Top up your super with BPAY®

Biller Code: 58602

Ref: 3 000 110 750 025 851
603 ur 81 E-1 S-5 I-5 100000

Contribute to your super direct from your bank via BPAY. Before adding to your super, consider your financial
circumstances, contribution caps that may apply, and tax issues. We recommend you consider seeking financial advice.
You can also find details about how to make a contribution by logging into your online account at australiansuper.com
® Registered to BPAY Pty Ltd (ABN 69079 137 518). Visit bpay.com.au

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 Member number: 1075002585

Your transaction summary

A summary of the transactions on your account for the period from 1 July 2022 to 30 June 2023 are provided below.

Member
Transaction Employer Employer Member
before-tax Total
Payment period Description date contributions extra after-tax
(salary ($)
($) ($) ($)
sacrifice)($)
01/07/22 Opening balance 0.00
01/08/22 - 31/08/22 Bunnings Group Hawthorn 13/09/22 15.50 0.00 0.00 0.00 15.50
01/09/22 - 30/09/22 Bunnings Group Hawthorn 12/10/22 22.76 0.00 0.00 0.00 22.76
01/10/22 - 31/10/22 Bunnings Group Hawthorn 15/11/22 107.21 0.00 0.00 0.00 107.21
01/11/22 - 30/11/22 Bunnings Group Hawthorn 08/12/22 57.99 0.00 0.00 0.00 57.99
01/12/22 - 31/12/22 Bunnings Group Hawthorn 10/01/23 227.64 0.00 0.00 0.00 227.64
01/01/23 - 31/01/23 Bunnings Group Hawthorn 07/02/23 133.32 0.00 0.00 0.00 133.32
01/02/23 - 28/02/23 Bunnings Group Hawthorn 09/03/23 318.87 0.00 0.00 0.00 318.87
01/03/23 - 31/03/23 Bunnings Group Hawthorn 14/04/23 379.04 0.00 0.00 0.00 379.04
01/04/23 - 30/04/23 Bunnings Group Hawthorn 11/05/23 175.70 0.00 0.00 0.00 175.70
01/05/23 - 31/05/23 Bunnings Group Hawthorn 09/06/23 87.00 0.00 0.00 0.00 87.00
1
Flat administration fees -56.50
2
Asset-based administration fees -0.45
Tax benefit – Flat administration 6.45
fees
Tax benefit – Asset-based 0.06
administration fees
Low Balance Fee Cap Refund 21.94
3
Government contribution tax -228.77
Investment returns 30.30
30/06/23 Closing balance 1,298.06

1
Flat administration fees are calculated weekly and deducted monthly from your account. The weekly amount changed from $2.25 per week to $1 per week on 3
September 2022.
2
An Asset-based administration fee of 0.10% pa of your account balance applies from 3 September 2022 and is deducted monthly from your account (capped at $350
pa and applied monthly). Excludes the variable administration fee deducted from investment returns up to 2 September 2022 – see Your fees and costs summary for
details.
3
Government contribution tax includes any contributions tax paid less the tax benefit on any insurance costs passed to you if you have paid insurance premiums.

Contributions to your account

Under Superannuation Guarantee (SG) laws, for the year ended 30 June 2023 employers must pay at least 10.5% of
an eligible employee’s salary for ordinary hours of work into super. You can also make extra contributions to your
account, from either your before-tax or after-tax salary.
603 ur 81 E-1 S-6 I-6 100000

Contributions made from your after-tax salary generally won’t be taxed again, either when paid into your super
account or withdrawn on retirement. Contributions made from your before-tax salary (salary sacrifice contributions)
are usually subject to 15% contributions tax.
Government taxes shown in Your transaction summary, comprise contributions tax paid less the benefit of any tax
deduction received on insurance costs (if applicable).

Outstanding contribution payments

When super payments from participating employers are overdue, AustralianSuper issues written communication to
employers. If these contributions are not received following written communication, we may refer the matter for
debt collection.

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 Member number: 1075002585

Your fees and costs summary

Fees deducted directly from your account -$35.01
This amount has been deducted directly from your account (reflected in the transactions listed on this
statement).

Fees and costs deducted from your investment -$2.02

This approximate amount has been deducted from your investment and covers amounts
that have reduced the return on your investment and that are not reflected as transactions
listed on this statement.
This amount comprises:
Investment fees and costs and Transaction costs -$2.02
Administration costs paid from reserves $0.00

Total fees and costs you paid -$37.03

This approximate amount includes all fees and costs that affected your investment during the period.

If your account balance for a product is less than $6,000 at the end of the current financial year (or at account
closure), certain fees and costs charged to you in relation to the administration and investment of your account are
capped at 3% of the account balance. Any amount charged in excess of that cap is refunded and shown in Your
transaction summary as a Low balance fee cap refund which has reduced the amount of fees deducted directly
from your account.
603 ur 81 E-1 S-7 I-7 100000

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 Member number: 1075002585

Additional explanation of fees and costs

Fees deducted directly from your account
This amount includes flat administration fees, asset based administration fees from 3 September 2022 and any fees
and costs you paid for additional services which may include:
• Advice fees – fees for financial advice relating to your AustralianSuper account. Deducted directly from your account
when your fee consent is processed, or from your Member Direct Cash account in arrears on the first business day
following the end of the month or quarter.
• Contribution splitting fee – a fee applied when processing a contribution split with your spouse. From 1 September
2022, this fee is no longer charged.
• Family law information request – a fee charged to the person asking for the information under the Family Law act.
From 1 September 2022, this fee is no longer charged.
• Family law splitting fee – a fee for splitting an account following a family law order or agreement. From 1 September
2022, this fee is no longer charged.
• Insurance fees – insurance costs will apply if you have insurance cover as part of your super.

Fees and costs deducted from your investments

Some fees and costs do not appear in Your transaction summary as they are not deducted directly from your account.
These include:
• Investment fees and costs and Transaction costs, which are deducted from pre-tax investment returns and reflected
in the daily crediting rate of the relevant PreMixed or DIY Mix investment option.
• The variable component of administration fees deducted from pre-tax investment returns up to 2 September 2022
inclusive, and reflected in the daily crediting rate. From 3 September 2022, there is no variable administration fee
deducted from your investment returns.
• The tax benefit the Fund claims on its administration costs in the form of a reduced Administration fee up to 2
September 2022 inclusive.
• Administration costs paid from reserves that are not otherwise charged as administration fees which have reduced
the reserve balance held by the Fund to cover future administration costs.

Total fees and costs you paid

This is the total of Fees deducted directly from your account and Fees and costs deducted from your investment.

Tax deductions
When AustralianSuper has claimed a tax deduction, you may have benefited as follows:
• Flat and Asset-based administration fees: From 3 September 2022, a 15% tax benefit was paid directly into your
account on the last Friday of each month. Prior to 3 September 2022, any tax deductions the Fund claims for
administration costs were paid into the administration reserve.
• Investment fees and costs and Transaction costs: Claimed as a deduction against taxable investment income and
included in the daily crediting rate for the relevant investment option.
For further details about fees and costs including the latest rates, go to australiansuper.com/FeesandCostsGuide
603 ur 81 E-1 S-8 I-8 100000

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 Member number: 1075002585

Find out more

Do you have any questions about your statement? AustralianSuper must provide you with any
information you reasonably require to understand your benefit entitlement contained in this statement.
Call 1300 300 273 (8am to 8pm AEST/AEDT weekdays)
Email australiansuper.com/email
Web australiansuper.com
Mail AustralianSuper
GPO Box 1901
Melbourne VIC 3001
Translation & Interpreting Services 131 450 (24 hours/7 days a week)

If you have a complaint

The simplest way to resolve a complaint can be to discuss it with us by calling 1300 300 273
(8am to 8pm AEST/AEDT weekdays).
If you would prefer not to discuss the complaint or your concern is not satisfactorily resolved, you
can email your complaint to us via our website at australiansuper.com/email or
complaints@australiansuper.com or you can write to us at:
The Complaints Officer
AustralianSuper
GPO Box 1901
Melbourne VIC 3001
We’ll acknowledge and investigate your complaint and address your concerns generally within 45
days of receiving your complaint. We'll write to you accordingly if there are any exceptions.
At any stage you’re welcome to contact your assigned Complaint Officer for an update on the
progress of your complaint.

What happens next?

If you don’t receive a response to your complaint within the required timeframe, or if you’re not
satisfied with AustralianSuper’s response to your complaint, you may be eligible to take your
complaint to an external complaints body.
AFCA provides fair and independent financial services complaint resolution that is free to consumers.
Australian Financial Complaints Authority
GPO Box 3
Melbourne VIC 3001
Call: 1800 931 678 (free call)
Online: afca.org.au
If your complaint relates to the handling of your personal information, you are able to escalate your
complaint to the Office of Australian Information Commissioner (OAIC).
603 ur 81 E-1 S-9 I-9 100000

Office of the Australian Information Commissioner

GPO Box 5288
Sydney NSW 2001
Call: 1300 363 992
Online: oaic.gov.au

This statement was prepared in July 2023 by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898, and may
contain general financial advice which doesn’t take into account your personal objectives, financial situation or needs. Before making a decision about
AustralianSuper, you should think about your financial requirements and refer to the relevant Product Disclosure Statement available at australiansuper.com/pds or
by calling 1300 300 273. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at
australiansuper.com/tmd
While all care is taken to ensure the accuracy of the information contained in this Statement, the Trustee will not be liable for any error or misprint. Please check your
online account or talk to the Fund before making any decisions about your superannuation.

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