IMPORTANT INFORMATION

It is important for you to consider your own personal objectives, financial situation and needs (your needs). We do not consider your needs. If you would like someone to help consider your needs before you decide to consolidate your super you should speak with a licensed financial adviser. If you don’t have your own financial adviser, we can put you in touch with one.

Consent to use your TFN for the purposes of matching your superannuation

If you have instructed us to 'Find My Super', you have consented to us searching for any accounts using the ATO’s SuperMatch. SuperMatch is an electronic search facility which reunites members with their super. If you have not already provided consent for us to ‘Find My Super’ and you would like to, you can provide consent on the personal details page.

Fees

There's no contribution for charged by Qantas Super for money rolled into your account from other funds, but you should check with your other fund/s to see if they charge withdrawal fees.

Before you submit your rollover request you should check whether your other fund will deduct any fees or charges and if you'll lose any insurance cover as a result of the rollover. This information can generally be found on the other fund's website, or on a recent statement.

Consolidate

If you decide to consolidate your super, you understand and agree by submitting this request you:

  • authorise a transfer of the specified value held in respect of you for the selected super funds or policies
  • understand that on payment by your previous super fund(s), you discharge that super fund(s) from any further liability in respect of the amount transferred.
  • understand that information contained in this request will be handled by the trustee(s) to process your rollover.
  • understand some rollovers received will be subject to 15% tax. This will apply to all rollovers from untaxed sources, for example rollovers from some Government sector funds and Superannuation Guarantee Contributions forwarded via the Australian Taxation Office.
  • understand that, generally there's no charge for receiving money rolled in from other funds, but you should check with your other fund/s to see if they charge withdrawal fees.
  • consent to your Tax File Number being disclosed for the purposes of consolidating your account.
  • understand that you will receive confirmation once your money has been received from your previous fund/s
  • understand that all amounts transferred from your previous fund/s will be credited to your Qantas Super account and accumulate with investment returns (both positive and negative) based on the investment option that applies to future contributions made to your account
  • understand that by completing this request you may lose any insurance entitlement you have in your previous fund/s. Your insurance cover can generally be found on the other fund’s website, or on a recent statement. You may be able to apply for additional insurance cover in this superannuation account, but you understand it might need to be assessed and approved by the insurer. For further information about your current level of insurance cover and the options available, you can contact us or where applicable, visit the Dashboard and the documents and forms pages.
  • understand that you have the right to ask your previous super fund for information that you reasonably require for the purpose of understanding any super entitlements you may have in that fund/s, including information about any fees and charges that may apply to the transfer and information about the effect of the transfer of any entitlements you have in your previous fund super fund. You confirm that you do not require such information from your previous fund (or you already have that information).

Tax

If you have super with more than one other fund, you’ll need to complete a separate rollover request for each amount.

Some rollovers received will be subject to 15% tax. This will apply to all rollovers from untaxed sources, for example rollovers from some Government sector funds and Superannuation Guarantee contributions forwarded via the Australian Taxation Office.

Confirmation of your request

We will only initiate your rollover request with your other super fund if a Receipt Number is displayed on your screen after you have submitted your request. You should write down this Receipt Number for future reference. If a Receipt Number is not displayed, please contact us.