Our Product Disclosure Statement (PDS) contains important information about the features, benefits and costs of Kinetic Super’s products.

Within the PDS are references to Incorporated Information which is important to read with the PDS as it provides further detail. 

If you have any questions about the PDS and Incorporated Information, or would like to have a printed copy sent to you please contact us.

Incorporated information – additional product information

Below is the Incorporated Information which has been referred to in the PDS. This information can be viewed and downloaded separately below or download all the Incorporated Information below.

If you have any questions about the Incorporated Information or you would like to have a printed copy sent to you (or want previous versions of the PDS or Incorporated Information), please contact us.

Incorporated information Size
Incorporated Information (IBR) 2.2MB
Contributions, features & benefits
Learn more about how super works and the significant features and benefits of having your super with Kinetic Super.
164KB
Risks
Learn more about general risks of super and managing risk, basics about investing, derivatives and insurance risks.
91KB
Investments
Learn more about investment options and performance, making investment choices and changing options.
177KB
Fees & costs
Learn more about the fees and costs that you may be charged.
122KB
Insurance
Learn more about what insurance cover is available and the terms and conditions applicable
256KB

Significant event notices

12 July 2017

Nature of event or change Impact of the change Division Category Document

This is for your information only.  Members will be given this notice individually with their annual statement for the year ended 30 June 2017.

Notification of legislative changes from 1 July 2017 to taxation of pensions and other pension changes including the introduction of a Transfer balance cap, changes to lump-sum withdrawals and removal of anti-detriment payments.

The notice also contains information on changes made to Kinetic Smart Pension’s products; including fees and costs calculations from 9 March 2017.

From 1 July 2017 the Government introduced a Transfer balance cap limiting the amount of money an individual can hold in ‘retirement phase’ pensions. From 1 July 2017, investment earnings on assets held within TTR pension accounts, which are currently exempt from tax, will become taxable with up to 15% tax applied to any investment earnings inside a TTR account. Additionally, it will no longer be possible to treat cash withdrawals from your TTR Pension account as lump sum benefits for taxation purposes and the removal on anti-detriment payments.

From 9 March 2017, we updated the Kinetic Smart Pension Product Disclosure Statement (PDS) to comply with new fees and costs disclosure requirements and how fees and costs information must be calculated and presented.

Kinetic Smart Pension

All Download document

12 July 2017

Nature of event or change Impact of the change Division Category Document

This is for your information only.  Members will be given this notice individually with their annual statement for the year ended 30 June 2017.

Notification of legislative changes from 1 July 2017 to contribution rules and taxation of super. The notice also contains information on changes made to Kinetic Super’s products from March 2017; including insurance cover and fees and costs calculations.

From 1 July 2017 there have been changes to contribution rules and tax; including removal of anti-detriment payments, concessional contribution cap reduction and introduction of carry-forward rule, access to deductible member contributions, changes to bring-forward arrangements for non-concessional contributions and the introduction of the total superannuation balance.

From 1 March 2017 there has been a 20% premium reduction for Income Protection insurance cover and a 12 month timeframe extension on Terminal Illness benefit insurance claims.

From 9 March 2017, we updated the Kinetic Super Product Disclosure Statement (PDS) to comply with new fees and costs disclosure requirements and how fees and costs information must be calculated and presented.

Kinetic Super

All Download document

8 June 2017

Nature of event or change Impact of the change Division Category Document

Notification of legislative changes from 1 July 2017 that will impact the tax treatment of Transition to Retirement (TTR) pension accounts.

From 1 July 2017, investment earnings on assets held within TTR pension accounts, which are currently exempt from tax, will become taxable with up to 15% tax applied to any investment earnings inside a TTR account. Additionally, it will no longer be possible to treat cash withdrawals from your TTR Pension account as lump sum benefits for taxation purposes.

Kinetic Smart Pension

Members with a Transition to Retirement Account Download document

 

1 March 2017

Nature of event or change Impact of the change Division Category Document

Notification of a change to the maximum amount of Income Protection (IP) cover for specific members from 1 March 2017. A reduction in IP premiums of 20% for the whole member base from 1 March 2017.

A change in the maximum insured benefit applied for IP cover from 100% to 85% of pre-disability income. This change only applies to a select group of members who held a policy with Lumley Insurance prior to 15 June 2013. A decrease in IP premiums of 20% for the whole member base.

Kinetic Super

Ex-RecruitmentSuper members with IP cover through Lumley Insurance Download document

 

15 August 2016

Nature of event or change Impact of the change Division Category Document

Notification of changes to the weekly administration fee from 1 January 2016. Notification of changes from 1 August 2016 to the: buy/sell spreads; strategic asset allocations and ranges of several investment options and performance benchmark for the Bonds investment option. How the Fund will communicate with you in the future from early 2017.

A decrease in the weekly administration fee from $1.70 per week to $1.55 per week. A reduction in the buy/sell spreads for the Growth (MySuper), Moderate, Australian Shares and Overseas Shares investment options; changes to the strategic asset allocation and asset allocation ranges to the Growth (MySuper), Aggressive and Moderate investment options; changes to the benchmark used for assessing the performance of the Bonds investment option.  How you will receive important communications from the Fund from early 2017 and how you can opt-out.

Kinetic Super and Kinetic Smart Pension

All Download document

 

1 August 2016

Nature of event or change Impact of the change Division Category Document
Notification of a change to insurance premiums and introduction of a new provision for the termination of insurance cover, effective from 1 August 2016. Insurance premium changes for Death and Total & Permanent Disability (TPD) cover. Introduction of new provisions to cancel insurance for employer-sponsored members with balances below $6,000 and have not received contributions via their employer for 10 months or more. Kinetic Super All Download document

 

1 September 2015

Nature of event or change Impact of the change Division Category Document
Notification of a change to investment risk bands; Changes to the Benchmark for Overseas Shares; Introduction of limited personal financial advice to members.  Investment risk bands updated for several investment options. Revised Benchmark for Overseas Shares. Access to limited personal financial advice for members on their Kinetic Super or Kinetic Smart Pension account. Kinetic Super and Kinetic Smart Pension All Download document

 

25 May 2015

Nature of event or change Impact of the change Division Category Document
Notification of a change to the Bonds investment option buy/sell spread from 1 July 2015. An increase in the Bonds investment option buy/sell spread from 0.07% to 0.11%. Kinetic Super and Kinetic Smart Pension All Download document
 

1 July 2014

Nature of event or change Impact of the change Division Category Document
Notification of a change to the administration fee from 1 July 2014. A decrease in the administration fee from $1.90 per week to $1.70 per week. Kinetic Super All Download document

27 May 2014

Nature of event or change Impact of the change Division Category Document
Confirmation of the changes to the IP policy from 1 July 2014. Reduction in the indexation of benefits for members on claim for a period of greater than 2 years. Kinetic Super All Download document
 

1 September 2013

Nature of event or change Impact of the change Division Category Document
Confirmation of the introduction of MySuper offering from 1 July 2013. No adverse impact to members. Kinetic Super All Download document
 

1 May 2013

Nature of event or change Impact of the change Division Category Document
Notification of new Fund name from 1 July 2013; Information on MySuper offering; New insurance offering from 15 June 2013. All insured members transitioned to new insurance offering from 15 June 2013. Insurance provided to existing RecruitmentSuper members in a Nil insurance category. RecruitmentSuper, Accountants Super, Australian Enterprise Super All Download document
 

1 March 2013

Nature of event or change Impact of the change Division Category Document
Closure of Stable investment option; Introduction of buy/sell spreads; Changes to investment switches; Fee restructure; Trust Deed Amendments. Closing Stable option limiting investment choice.
Increase in dollar based administration fee from 15 April 2013.
Introduction of buy/sell spreads.
Australian Enterprise Super All Download document
 
Closure of Stable investment option;  Changes to investment switches; Fee restructure; Trust Deed Amendments. Closing Stable option limiting investment choice. Accountants Super All Download document
Closure of Stable investment option; Introduction of buy/sell spreads; Changes to investment switches; Fee restructure; Trust Deed Amendments. Closing Stable option limiting investment choice.
Increase in dollar based administration fee from 15 April 2013.
Introduction of an asset based administration fee along with buy/sell spreads.
RecruitmentSuper SelectSuper, SelectPlus Download document
Switch from crediting rates to unit prices; Fee restructure; Trust Deed Amendments.  Increase in dollar based administration fee from 15 April 2013. RecruitmentSuper EasyChoice, EasySuper, PreservedSuper Download document

20 February 2012

Nature of event or change Impact of the change Division Category Document
Increase to insurance premiums. Insured members Death & TPD premiums increased by 42% from 1 April 2012. RecruitmentSuper EasyChoice Download document
 
Increase to insurance premiums. Insured members Death & TPD premiums increased by 42% from 1 April 2012. RecruitmentSuper SelectSuper Download document