Member Declaration for CFS Edge Super

If you submit a completed application request to participate in CFS Edge Super and Pension, you acknowledge that your membership in the relevant product is subject to the terms of the Trust Deed of the Avanteos Superannuation Trust, Product Disclosure Statement (PDS), Other Important Information brochure and this application, each as amended from time to time. The Trustee may alter the Trust Deed, subject to any limitations and conditions imposed by relevant law and the provisions of the Trust Deed.

In this section, all references to ‘we’ and ‘us’ are intended to include a reference to the Trustee and any service provider appointed by us from time to time. We’ll hold the benefit of (and may enforce) the above representations, declarations, releases and indemnities in this section for our own benefit and for the benefit of any such service provider.

• the statements, answers, declarations and all information supplied by you or on your behalf are true and correct.

• your entitlements are set out in the Trust Deed and PDS (and any relevant Supplementary PDS), as amended from time to time.

• understand that information contained or referred to in the PDS may change from time to time and acknowledge you can obtain updated information by asking your adviser or contacting us. This information will be available online via the website specified in the PDS. If the change to the information is materially adverse, we’ll re-issue the PDS or issue a Supplementary PDS and notify you as required by law.

• an offer made within the PDS only constitutes an offer to persons receiving the PDS within Australia and accepting the offer within Australia.

• that investments in CFS Edge Super and Pension are not investments, deposits or other liabilities of AIL, CFS or any of its respective subsidiaries and are subject to investment and other risks, including possible delays in repayment and the loss of income and capital invested.

• neither AIL, CFS nor any of its respective subsidiaries guarantee the repayment of capital, performance, or any particular rate of return from the investment options.

• that the Target Market Determination (TMD) for CFS Edge Super issued by AIL is publicly available free of charge on our website or available from your adviser for you to review at any time.

• you elect to receive any periodic statements we are required to send you by law, by accessing the CFS Edge investor portal. A copy can be provided to you by asking your adviser or contacting us.

• CFS Edge communicates with you electronically and you will ensure your email and mobile number are up to date in our records.

• you elect to confirm transactions by accessing the CFS Edge investor portal or any other channel that CFS provides.

• have had an opportunity to obtain advice in respect of the product from an adviser licensed or authorised under the Corporations Act 2001 (Cth) to give such advice.    
• have received, read and understood the PDS (and any relevant Supplementary PDS), the Other Important Information brochure, the Investment List, the insurer’s PDS and policy documents (if applicable), the relevant Financial Services Guide, and the disclosure documents in respect of each investment selected by you and your adviser. You’re required to receive disclosure documents for all new investments selected by you and your adviser in the future. If you invest further into the same investment, you understand that at the time of investing, you may not have the current disclosure document for those investments or information about any material adverse change or significant events.
• consent to your information being used in accordance with the CFS privacy policy which can be accessed online at cfs.com.au/privacy

• consent and agree to receive notification electronically of material changes or significant events, that the Trustee is required by law to give you that affect investments held in your account.

• acknowledge that product information is updated online on a regular basis and it is your responsibility to check the website outlined in the PDS regularly for product updates. You agree you will be taken to have received the relevant information whether or not you access the information on the website.

• by providing your tax file number (TFN), you give consent to its use and disclosure as set out in the PDS (and any relevant Supplementary PDS).

• consent to your TFN being shared with related CFS entities where you or your adviser seek to open additional accounts for you within CFS Edge and use of the TFN is authorised by taxation, personal assistance or superannuation law.

• agree to have all contributions invested in cash until alternative investment instructions are provided.

• understand we may at any time vary the investment strategies or investments available and, in such circumstances, we may, without reference to you or your adviser, and without taking into account any taxation or other potential costs to you, sell any investments held in respect of your account which have ceased to be offered.

• understand, if your account is linked to an automatic model portfolio, transactions to re- align your investments to the model portfolio may be placed without prior notice to you or your adviser.

• understand your adviser or the Trustee may defer or cancel transactions where extensive delays are experienced under an automatic model portfolio rebalance.

• understand there may be unavoidable delays before an investment transaction may be implemented, including but not limited to delays that occur because we exercise a discretion available to us under the Trust Deed and/or to comply with legal requirements.

• understand and accept the fees and costs described in the PDS (and any relevant Supplementary PDS).

• understand, if your cash account doesn’t meet the specified minimum requirements, investments may be sold by the Trustee without prior notice to you or your adviser as contained or referred to in the PDS.    

• understand the Trustee may provide, transmit or make available to you, your adviser and/or an adviser authorised third party, reports, statements, confirmations, notices, investment instructions and other information from CFS Edge Super and Pension by any means including, but not limited to, email, the CFS Edge investor portal or the internet. It is the member’s responsibility to ensure their email, mobile and address are up to date.
• If you’re applying for a third party access request:
  • understand that if this declaration is consented to, I/we are authorising the third party user named in my/our application to access my/our account(s).

• agree to authorise your adviser to undertake the following on your behalf:    

  • issue investment instructions        

  • prepare, sign and lodge or otherwise communicate a request to sell an investment, to buy another investment or to move money to your cash account

  • obtain information about your account and investments

  • act as your agent to receive information and reports required or allowed by law, contract or otherwise, to be provided to you under the terms of the PDS. The receipt of information and reports by your adviser is deemed to be receipt of the information and reports by you.

• acknowledge and agree we will not be liable to you for any loss you suffer (including consequential loss) caused by the fact that:

  • we may delay, block, freeze or refuse to process a transaction

  • we may refuse to provide you any (initial or ongoing) services, including in circumstances where:

    • we have a legal obligation to refuse to provide those services

    • your transaction may cause us or you to breach any Australian laws or the laws of another country

• declare that you aren’t a European Union citizen residing in the European Union

• acknowledge and agree that if you no longer have an adviser attached to your account who’s authorised to use CFS Edge, we may terminate your participation in CFS Edge or provide you with limited direct services.

• are eligible under superannuation law to make contributions to CFS Edge Super and Pension if applicable.

• should you already have a CFS Edge Super and Pension account, by consenting to this application you’ll be requesting that a second account is established and that these accounts should not be consolidated.

• acknowledge the Model portfolio fee is determined based on the model portfolio selected.

• consent and accept if you invest in an illiquid investment as explained in the PDS, a period greater than 30 days may be required to process a rollover or transfer request due to the illiquid nature of the investment, and ongoing administration fees will continue to be deducted while your account remains open.
• understand that if this declaration is consented to under Power of Attorney, you acknowledge that you haven’t received notice of revocation of that power.
• in an application by a guardian on behalf of a minor or other beneficiary, a reference to “you” or “your” in the context of understanding and consent applies to the guardian and in the context of the account, applies to the interest of the beneficiary.

• acknowledge and agree we may rely on communications that purport to be from you which relate to information of a kind that we’ll accept from time to time.

• acknowledge and agree to supply us with any information we may request from time to time in order to comply with the requirements of a foreign authority.

• acknowledge if you give personal information about another person, you’re authorised to do so and have informed them of the contents of this document.

• consent and agree that information disclosed by you in this application form and any identification forms, including personal information about yourself and others, may be provided to AIL, CFS or its respective subsidiaries or to another party in order to verify this information which may include verification using electronic methods.

• consent to have your personal details and account information sent to external software providers where your adviser or nominated representative has requested this information.

• understand that the Trustee may have to redeem your investment if the Trustee has to comply with a Commutation Authority or Release Authority issued by the ATO.

• are aware of any fees and charges that may apply to a full rollover of benefits from or to any other complying fund, including the effect of the rollover on any benefit entitlements (including insurance).

• you agree and consent to pay,

• you authorise AIL to deduct and pay the fees detailed in this application, from your CFS Edge account, to your adviser and/or their licensee, and

• the fees are in line with the terms of the agreement you have entered into with your adviser and/or their licensee.

• the fees are of a reasonable amount and are only for financial advice and advice services provided to you in relation to your investment in this account.

• to this information being shared with related entities of AIL.

• that AIL has the discretion to decline a request to pay the fees requested on this application.

• that where the rights of your adviser and/or their licensee have been assigned or novated to another person or entity, the agreed fees and payments of these fees, may transfer to that person or entity.

• that in the event that your account balance is transferred, (for example a successor fund transfer/intra-fund transfer) the fee and consent may transfer to the new account.