From 12 May 2018, Kinetic Super is merging with Sunsuper - one of Australia's largest and fastest growing profit-for-members super funds.
Information for members
In addition to solid long-term investment performance, competitive fees and greater investment choice, Sunsuper helps make the hard things easy through^:
24/7 access to your account through the Sunsuper App
Discounts and benefits through Sunsuper's exclusive Dream Rewards program
Award-winning customer service and over-the-phone advice at no-extra cost*
The transfer of your account to Sunsuper will happen automatically, however it's important you read the relevent Significant Event Notice to understand what it means for you and any actions you may need to take before and after the merger.
^ Past performance is not a reliable indicator of future performance.
* Awards and ratings are only one factor to consider when choosing a super fund.
Make sure you’re ‘good to grow’ when we merge
Making sure your account is ‘good to grow’ when we merge with Sunsuper is as easy as 1, 2, 3…4.
After the merger we’ll be sending you an Exit Statement from Kinetic Super and information about your new account with Sunsuper. Make sure you don’t miss out by updating your details, including your tax file number if you haven’t already provided it, through Member Online BEFORE 4 May 2018.
Your binding beneficiary nomination with Kinetic Super will lapse on 11 May 2018. To make a new Binding beneficiary nomination with Sunsuper, visit the Sunsuper website, complete the Binding beneficiary form and return it to Sunsuper AFTER 12 May 2018.
If you have a direct debit or BPAY in place to make personal contributions, you’ll need to cancel your current BPAY arrangements in Kinetic Super BEFORE 8 May 2018 and redirect them to Sunsuper AFTER 12 May 2018. We’ll automatically stop direct debiting your account after 8 May 2018.
If you have a third-party authority on your account it will lapse on 11 May 2018. To make a new third-party authority nomination with Sunsuper, visit the Sunsuper website, complete the Third-party authority form and return it to Sunsuper AFTER 12 May 2018.
Member Online will become read-only from 4 May and closed from 12 May, so make sure you download any required statements ahead of this time. If you want to keep a records of certain transactions, simply follow the handy steps below.
The merger will create one of Australia’s largest profit-for-members super funds, meaning you’ll benefit from the increased scale, size and capabilities, including:
An easy and efficient online contribution payment process
Continual product and process innovation
An in-house payroll support team, also available during transition
For more details about Sunsuper and how they’ll support you, please refer to the documents below.
The following documents are prepared and issued by Sunsuper Pty Ltd ABN 88 010 720 840, AFSL No. 228975, as the Trustee and issuer of the Sunsuper Superannuation Fund ABN 98 503 137 921 (Sunsuper). Kinetic Superannuation Ltd (KSL), the Trustee of Kinetic Superannuation Fund (Kinetic Super), is separate to Sunsuper and are not responsible for the products or services offered by Sunsuper. Individuals and employers should use their own judgment before taking up any product or service offered by Sunsuper and consider the relevant Product Disclosure Statement.
Important information about Employer online and Super Clearing House
From 4 May 2018, you will be unable to make any further contributions through Employer Online or Super Clearing House (SCH Online).
Between 4-11 May, there will be read-only access to Employer Online and SCH Online, with the ability to download payment history summaries.
From 12 May 2018, your Employer Online and SCH Online account will no longer be available.
It’s important that you download any payment history summaries you may need for your records, as well as membership details for your choice employees by 11 May. Choice employee details will not be transferred over to the new platform. For those employers not using file upload, you will need to re-add them into Sunsuper Employer Online. Please refer to the handy instructions below.