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Eligible Rollover Fund

Last Updated : 22 Aug 2011

In accordance with superannuation legislation, AGEST has nominated an Eligible Rollover Fund (ERF) to receive small inactive accounts from AGEST.

Our nominated ERF is AUSfund, Australia’s Unclaimed Super Fund.

We may transfer your benefit to AUSfund if your account balance is less than $800, and either your account has not received any contributions for over 12 months, or we have been unable to contact you for over 24 months. These terms may be altered in the future. However, we will write to you if we intend to transfer your benefit to AUSfund, and outline the full terms of the proposed transfer.

Being transferred to AUSfund may affect your benefits, because:

• you will cease to be a member of AGEST;
• you will become a member of AUSfund and be subject to its governing rules.
  (If AGEST can provide AUSfund with your current contact details, AUSfund will send you its current Product Disclosure Statement);
• AUSfund may levy administration and investment fees which are different to
  those applying in AGEST;
• AUSfund has a different investment strategy to AGEST;
• AUSfund does not offer insured benefits in the event of death or disability.

If your superannuation benefits are transferred to AUSfund, your personal information will be used or disclosed by AUSfund to administer your fund benefits.

AUSfund may conduct cross-fund matching searches (where they use your information to search for an active account in your name in another superannuation fund), and may transfer your AUSfund benefits to the other superannuation fund in the event that AUSfund finds an active superannuation account in your name. AUSfund may also attempt to locate missing superannuation contributions paid to the Tax Office on a member’s behalf.

AUSfund can be contacted by calling 1300 361 798, by writing to PO Box 2468, Kent Town SA 5071, by sending an email to admin@ausfund.net.au or visiting its website at www.unclaimedsuper.com.au