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Financial Assistance Levy

In April 2011, the Federal Government announced its decision to provide a grant of approximately $55 million in financial assistance to benefit the members of four superannuation funds that were formerly under the trusteeship of Trio Capital Limited. The Federal Government recovered the grant from other APRA regulated super entities through the imposition of a special Financial Assistance Levy.

Colonial First State Investments Limited paid the Levy we were charged in 2011 and we recouped the amount from members.

A further grant of financial assistance in relation to Trio resulted in an additional Levy of approximately $19 million in March this year. We paid the Levy we were charged and we recouped the amount with a one-off charge deducted against the unit price for each investment option in the products listed below, on 4 June 2013.

As disclosed in the Product Disclosure Statement, the Levy is considered an abnormal cost which may be recovered from time to time.

The products impacted by the imposition of the Levy and the percentage effect are as follows:

Fund Percentage levy

FirstChoice Personal Super


FirstChoice Wholesale Personal Super


FirstChoice Employer Super


FirstChoice Pension


FirstChoice Wholesale Pension


Rollover and Superannuation Fund


If you have any questions, please call us on 13 13 36, 8am to 7pm, Monday to Friday Sydney time.

Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of super, pension and investment products. This document may include general advice but does not take into account your individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) carefully and assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision. A PDS for Colonial First State’s products are available at or by calling us on 13 13 36.