Joining HESTA

as an individual
HESTA personal super product disclosure statement

1 July 2022

what's inside?
1. about HESTA 2

2. how super works 3

3. benefits of investing with HESTA 4

4. risks of super 5

5. how we invest your money 6

6. fees and costs 8

7. how super is taxed 10

8. insurance in your super 11

9. how to open an account 15

10. other information 15

how to join HESTA forms section

1. about HESTA
HESTA is the fund people in health and community services
choose for their super.
HESTA has more than 930,000 members and $67 billion in assets. Health Employees
Superannuation Trust Australia (HESTA) is run by people like you. Founded in 1987, our Trustee
H.E.S.T. Australia Ltd is made up of an equal number of directors appointed by industry
employer and employee organisations, and two independent directors.
Information about Trustee and Executive remuneration can be found online at hesta.com.au/
disclosure To see the product dashboard for Balanced Growth, the HESTA
MySuper-authorised default investment option, go to hesta.com.au/dashboard The target
market determination that applies to this product can be found at hesta.com.au/tmd
This Product Disclosure Statement (PDS) is
for people joining HESTA as self-employed, This PDS is a summary of significant
or work in your own business, or if your information and other references to
employer will not contribute to HESTA for important information (each of which
you. If otherwise, do not use this PDS. forms part of this PDS). You can access
Download a copy of the HESTA PDS from this information via the links referred to
hesta.com.au/pds or contact us for a copy. throughout the PDS. You should read the
relevant PDS before making a decision
Information in this PDS is current at the date about products (call 1800 813 327 or visit
of preparation 1 June 2022. Information in this hesta.com.au/pds for a copy), and
PDS that is not materially adverse may consider any relevant risks (hesta.com.au/
change from time to time and can be found understandingrisk).
anytime on our website hesta.com.au
The information provided in this PDS is
A paper or electronic copy of the updated general information only and does not
information will be made available to you take account your personal financial
upon request, without charge, by calling situation or needs. You should obtain
1800 813 327. We may from time to time issue financial advice tailored to your personal
a new PDS which will be available on our circumstances. This PDS does not
website or by calling 1800 813 327. constitute an offer in any jurisdiction other
than Australia.

This document does not relate to the HESTA

Income Stream. Refer to the HESTA Income
Stream PDS available online at
hesta.com.au/ispds

Product ratings are only one factor to be Issued by H.E.S.T. Australia Ltd ABN 66 006
considered when making a decision. See 818 695 AFSL No. 235249 Trustee of HESTA
hesta.com.au/ratings for more information. ABN 64 971 749 321.

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2. how super works
Super is a means of saving for your retirement Annual statements, significant event notices
that is, in part, compulsory. To encourage you and other legislated disclosures will be
to save for your retirement, the Federal available to you digitally rather than
Government provides a range of incentives sending them to your nominated contact
for savings in super. This means super is taxed address. This means we may publish the
differently to other investments and there can notification on our website or other digital
be significant tax advantages (see page 10 facilities.
for more about how super is taxed).
We’ll still contact you at your nominated
Most people have the right to choose which contact details whenever we do this to let
superannuation fund their employer should you know how to access the information
pay their superannuation guarantee available. If you’d prefer us to send
contributions to. information by post to your nominated
contact address, you can opt-out of each
The contributions available to a member
type of digital disclosure by updating your
include:
preferences in your online account. You can
employer contributions also go into your online account to see
voluntary after-tax contributions transactions such as contributions.
voluntary before-tax contributions (salary Investment of the money in your super
sacrifice) account is based on the investment strategy
government contributions of your choice, or the default option if you
have not made a choice (see pages 6-7).
There are some limitations on contributions,
including the amount you can contribute, the Withdrawal of money from super is generally
age at which you can continue making used for retirement and may be taken either
contributions, and whether your existing as a lump-sum or as an income stream. You
account balance may impact your ability to can only withdraw your super in limited
make certain types of contributions in the circumstances before reaching your
future. preservation age. Your preservation age
depends on when you were born.

You should read the important information

about how super works before making a
decision. Go to hesta.com.au/pds and
read How super works. The material
relating to how super works may change
between the time when you read this PDS
and when you acquire the product.

HESTA | 3 |
3. benefits of investing
with HESTA
Strength in numbers
HESTA has more than 930,000 members and $67 billion in assets and is the only
industry super fund dedicated to health and community services. Our size means
we can keep our fees down and provide education and advice to members
about their super. Find out more at hesta.com.au

History of strong long term investment performance

Since its inception in 1987, our default investment option Balanced Growth, has
delivered above its long-term investment objective.* For information on the
current and historical performance of all HESTA investment options, visit
hesta.com.au/returns

Investing for positive outcomes

HESTA leads by example and advocates with influence to make a real difference
to our members’ financial future, and to the world into which they’ll retire. We
think of this as the HESTA Impact. Find out more at hesta.com.au/impact

A truly national fund

Our team of Business Relationship Managers, Member Education Managers,
Superannuation Advisers and Financial Planners support HESTA members and
employers throughout Australia. Find out more at hesta.com.au/service

Low-cost standard insurance

Members can access low-cost standard insurance to protect their income and
their family. Find out more by reading Insurance options at hesta.com.au/pds

24/7 access to your account

Update and check your HESTA account online 24/7. Register for online access
today at hesta.com.au/register

The recognition you deserve - We work with key organisations to present awards to
Australia’s top nurses and midwives, early childhood educators and people working in
aged care and the community sector. Visit hestaawards.com.au for more information on
the programs we run to support your industry.

*Past performance is not a reliable indicator of future performance.

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4. risks of super
Super allows you to save for your retirement in a low-cost, tax-effective way. However, it’s
important to note that the amount of your super benefit at retirement may not meet your
expectations due to the impact of risk factors.
Investment risk
You should read the important information
All investments carry risk. Different investment
about risks of super before making a
options may carry different levels of risk,
decision. Go to hesta.com.au/pds and
depending on the assets that make up the
read Risks of super. The material relating
option. Investments with the highest targeted
to risks of super may change between the
long-term returns may also carry the highest
time when you read this PDS and when
level of short-term risk. It is important to
you acquire the product.
understand:
the value of investments will vary
the level of returns will vary and future
returns may differ from past returns
returns are not guaranteed and you may
lose some of your money.
Other risks
Superannuation is savings for your retirement.
You should also be aware of the risk that:
superannuation and tax laws may change
in the future
the amount of your super benefit at
retirement (including contributions and
returns) may not be enough to provide
adequately for your retirement.
Risk and you
How these risks may affect you will vary
depending on a range of factors including:
your age
your investment timeframe
where other parts of your wealth are
invested
your risk tolerance.

HESTA | 5 |
5. how we invest your money
This section provides a summary of how we invest your money.
Investment choices
You can choose one or more of the following types of investment strategies, including
combining Ready-Made Options with Your Choice Options.

Type Description Investment choices

Default If you don’t make a choice, all your super Balanced Growth
is invested in the default option. Your super
will stay in the default option unless you
decide to change.
Ready-Made Choose from five different Ready-Made Conservative
Options. The options are invested in a Balanced Growth
carefully selected mix of asset classes, each Indexed Balanced Growth
with a different performance goal and risk
profile. Sustainable Growth
High Growth
Your Choice Design your own asset mix by choosing how Cash and Term Deposits
much you want invested in one or more of Diversified Bonds
five Your Choice Options. Property and Infrastructure
International Shares
Australian Shares

You must consider the likely investment return, risk and your investment timeframe when
choosing a default product or other investment options to invest in.
Investment switching
You should read the important information
You can switch investment options by using
that includes more detail about how we
your online account. Go to hesta.com.au/
invest your money before making a
login to log in or register. There is no fee to
decision. Go to hesta.com.au/pds and
switch investment options. For more
read Investment choices. The material
information about investment options with
relating to the detail about how we invest
HESTA, go to hesta.com.au/pds and read
your money may change between the time
Investment choices. We strongly recommend
when you read this PDS and when you
you seek financial advice before changing
acquire the product.
your investment choice.
Changes we make to investment MySuper
options
MySuper is a superannuation initiative by the
Investment options may change at any time Australian Government requiring default
in accordance with the HESTA investment super products to meet certain prescribed
strategy. conditions. HESTA MySuper members are
Responsible investment members who do not make a choice where
Environmental, social and governance (ESG) to invest their money or actively choose to
factors are considered across most asset invest all their money in Balanced Growth.
classes. Our responsible investment policy All other members are not HESTA MySuper
outlines our principles and commitments to members.
incorporating ESG considerations into our
investment processes and decision-making.

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Default option: Balanced Growth
(MySuper-authorised) You should read the important information
that includes details of all investment
Balanced Growth is designed to provide a
options, including the risk levels of each
diversified portfolio across a range of asset
investment option before making a
classes including shares, private equity,
decision. Go to hesta.com.au/pds and
alternatives, property, and infrastructure, with
read Investment choices. The material
some debt and cash investments. Below are
relating to the detail of all investment
the strategic asset allocation and investment
options may change between the time
return objectives for Balanced Growth.
when you read this PDS and when you
For details of all investment options, read acquire the product.
Investment choices at hesta.com.au/pds
Investment details for Balanced Growth
Mix of assets Strategic asset allocation and range
Allocation Range
Australian shares 24% 15 - 40%
International shares 30% 15 - 45%
Private equity 4% 0 - 15%
Alternatives 2% 0 - 15%
Infrastructure 10% 5 - 25%
Property 6% 0 - 20%
Global debt 19% 0 - 35%
Cash 5% 0 - 30%
Long-term (10 years) objective CPI + 3%
Minimum suggested timeframe 5-7 years
Probable number of negative annual returns
4 to less than 6
over any 20 year period
Risk level1 High
Typical investor type Ambitious

1 The risk level relates to the Standard Risk Measure. This allows you to compare investment
options that are expected to deliver a similar number of negative annual returns over any
20-year period.

HESTA | 7 |
6. fees and costs
Did you know?
Small differences in both investment performance and fees and costs can have a
substantial impact on your long term returns. For example, total annual fees and costs
of 2% of your account balance, rather than 1%, could reduce your final return by up to
20% over a 30-year period (for example, reduce it from $100,000 to $80,000). You should
consider whether features such as superior investment performance or the provision of
better member services justify higher fees and costs. You or your employer, as applicable,
may be able to negotiate to pay lower fees. Ask the fund or your financial adviser.
To find out more
If you would like to find out more, or see the impact of fees based on your own
circumstances, the Australian Securities and Investments Commission (ASIC) MoneySmart
website (www.moneysmart.gov.au) has a superannuation calculator to help you check
out different fee options.

Fees and costs summary

The information in this Fees and Costs Summary relates to Balanced Growth and can be
used to compare costs between different superannuation products. Fees and costs may be
paid directly from your account or deducted from investment returns.
Balanced Growth (HESTA MySuper)
Type of fee or cost Amount How and when paid
Ongoing annual fees and costs1
Administration $1.25 per week Deducted from your account at the end of each
fees and costs plus 0.08% p.a. month and when you close your account.
(subject to fee *The percentage-based administration fees and
cap)* costs is not charged on any amount of your
account balance in excess of $350,000.
plus 0.06% p.a. Additional administration costs may be paid from
fund assets, not your account. The amount shown
is an estimate of the costs deducted for the 12
months to 30 June 2022.
Investment 0.71% p.a. Deducted from the valuation of investments before
fees and costs2 daily unit prices are calculated.
Transaction costs 0.06% p.a. Deducted from the valuation of investments before
daily unit prices are calculated.
Member activity related fees and costs
Buy-sell spread $0 N/A
Switching fee $0 N/A
Other fees and costs3 Activity fees, advice fees for personal advice and insurance fees
may apply.

1 If your account balance for a product offered by HESTA is less than $6,000 at the end of
the HESTA income year, certain fees and costs charged to you in relation to administration
and investment are capped at 3% of the account balance. Any amount charged in excess
of that cap must be refunded.

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2 Investment fees and costs includes an amount of 0.30% for performance fees. The
calculation basis for this amount is set out under ‘Additional explanation of fees and costs’.
3 See ‘Additional explanation of fees and costs’ in Fees and costs at hesta.com.au/pds for
more information about these fees.
Example of annual fees and costs of a superannuation product
This table gives an example of how the ongoing annual fees and costs for Balanced Growth
(HESTA MySuper) for this superannuation product can affect your superannuation investment
over a 1-year period. You should use this table to compare this superannuation product with
other superannuation products.

EXAMPLE BALANCE of $50,000

Balanced Growth (HESTA MySuper)
Administration fees $65 p.a. For every $50,000 you have in Balanced
and costs plus 0.08% p.a. of Growth, you will be charged or have
your account deducted from your investment $701 in
balance administration fees and costs, plus $65
plus 0.06% p.a. paid regardless of your balance
from fund assets
PLUS 0.71% p.a. And, you will be charged or have deducted
Investment fees and from your investment $355 in investment fees
costs and costs

PLUS 0.06% p.a. And, you will be charged or have deducted

Transaction costs from your investment $30 in transaction costs

EQUALS If your balance was $50,000, at the beginning

Cost of product of the year, then for that year you will be
charged fees and costs of $5202 for Balanced
Growth

1 This amount includes $30 that was paid from fund assets and not your account.
2 Additional fees may apply.

Use the Superannuation calculator on the ASIC MoneySmart website to show the effect
of fees and costs on your account balance. Go to moneysmart.gov.au

Additional explanation of fees and costs

Administration fees and costs deducted from your account are paid into the Fund’s
Development Reserve. The fund pays its administration costs (including a trustee fee) from
this Development Reserve. We reserve the right to change fees and costs at any time without
members’ consent. Where there is an increase in fees, we will notify you 30 days in advance
of fee changes.
Investment fees and costs, transaction costs, and administration fees and costs paid from
fund assets are indicative only and are based on costs for the year ended 30 June 2022,
including several components which are estimates. The actual amount you will be charged
in subsequent financial years will depend on the actual costs incurred in those years. Past
costs may not necessarily be an indicator of future costs. The definitions for each fee type
is set out in Fees and costs available at hesta.com.au/pds

HESTA | 9 |
 HESTA members have access to the HESTA Education and Advice service. By agreement,
a fee may be paid from your account for advice services. The amount of the fee will
vary depending on the nature of the advice, and will be disclosed in the Statement of
Advice provided to you.

You should read the important information about fees and costs for all investment options
before making a decision. Go to hesta.com.au/pds and read Fees and costs. The material
relating to fees and costs for all investment options may change between the time when
you read this PDS and when you acquire the product.

7. how super is taxed

Generally, there are three times when your super may be subject to tax.
1. Contributions into your super that are concessions, offsets and credits are
made before tax is taken out of your pay applied. The tax is deducted from
(such as employer contributions and investment earnings before unit prices are
salary sacrifice) are generally taxed at declared.
15%. The tax is deducted from your 3. Withdrawals from your account may be
account. The tax may be different if you taxed if you are less than 60 years old.
are a low or very high-income earner. Tax will be withheld at the time of
payment. Generally, no tax will apply to
Contributions into your super that are withdrawals once you turn 60.
made from your after-tax savings are not
taxed. You may be able to claim a tax There is a cap on the amount of
deduction on personal contributions made contributions that can be made to your
to HESTA. These contributions will be account at these tax rates. There will be
taxed at 15%. Eligible members claiming tax consequences if you exceed the
a tax deduction for personal contributions contribution caps. See How super is
must lodge an Australian Taxation Office taxed at hesta.com.au/pds for details.
(ATO) Notice of intent to claim or vary a
deduction for personal super contributions You should provide your tax file number
form (NAT 71121) with us by the date you (TFN) when you join HESTA. If you don’t
lodge your tax return, the end of the provide your TFN, you may pay extra
financial year after the contribution was tax on your contributions and you may
made, or before you withdraw your super not be able to make some types of
from HESTA (whichever date is earlier). contributions. Not providing your TFN
will also make it more difficult to trace
For more information and to download different super accounts in your name
the form, visit ato.gov.au/super and you may miss out on some of your
super benefits when you retire. You can
2. Investment earnings in super are taxed
provide us with your TFN on the member
at a maximum rate of 15%. The final tax
application form or online at
rate may be less than 15% after tax
hesta.com.au/tfn

You should read the important information about how super is taxed before making a
decision. Go to hesta.com.au/pds and read How super is taxed. The material relating to
how super is taxed may change between the time when you read this PDS and when you
acquire the product.

| 10 | HESTA
8. insurance in your super
This section provides a summary of insurance available through your super. HESTA gives
you access to three different types of insurance cover, Income Protection (IP), Death, and
Lump-sum Total and Permanent Disablement Cover (TPD). Each type of cover is provided
in ‘units’, with each unit providing an amount of cover, subject to payment of a weekly
insurance fee deducted from your HESTA Personal Super account. Insurance benefits and
how much it costs will depend on your age, occupation insurance fee scale category, type
of cover and the number of units you have.
Gross and net insurance fees
We are legally required to show the gross insurance fee. Generally, members actually pay
the net insurance fee, which is up to 15% less than the gross fee. This is because HESTA is able
to claim a tax deduction for the cost of providing insurance, which we pass on to members,
resulting in a lower net insurance fee. All the insurance fees we show include stamp duty
and taxes. Part of the insurance fee is used to pay insurance administration costs. All fees
shown below are for the standard occupation insurance fee scale.
Standard Cover
Standard Cover is the cover that members can receive when they apply for insurance in
their application to join. See page 12 for further details on insurance commencement. Standard
Cover is two units of Death and IP Cover. Standard IP Cover has a benefit payment period
of up to five years after a 90-day waiting period with cover expiring at age 67.

Age last Gross Income Gross Death Total gross Estimated net
birthday Protection Cover insurance insurance fee insurance fee
insurance fee per fee per week per week $ per week $
week $ (2 units) $ (2 units)
15-24 0.53 0.33 0.86 0.73
25-34 1.37 0.99 2.36 2.01
35-44 4.02 2.45 6.47 5.50
45-54 6.54 2.79 9.32 7.92
55-64 7.79 2.70 10.48 8.91
65-66 0.96 1.41 2.36 2.01
67-74 N/A 1.41 1.41 1.20

Optional Lump-sum TPD Cover fees

Members can also apply for optional Lump-sum TPD cover, which must be combined with
Death Cover. The fees are shown below:

Age last birthday Gross insurance fee per week Estimated net insurance fee per
per unit week per unit
15 - 34 $0.73 $0.62
35 - 69 $1.57 $1.33

Fees shown here are rounded to two decimal places for presentation purposes. Actual fees
deducted from your account may differ slightly from those shown here.

HESTA | 11 |
Unit cover available
Cover type Cover amount Maximum cover
Income Protection Cover $500 per month per unit $25,000 per month,
capped at 85% of
your Pre-Disability Income
Death Cover Varies with age reducing to $3 million for death
$0 at age 75 (see p. 12) or if you are diagnosed
with a terminal illness
Optional Lump-sum TPD $85,000 until age 39, reducing $2 million
Cover to $0 at age 70. See Insurance
options for full details.

How many units of cover you have will depend on whether you have applied for Standard
Cover, or whether you have chosen to vary your cover by applying for extra cover (see page
13).
The table (below) shows the amount of Standard Death Cover at various ages. See the full
tables in Insurance options at hesta.com.au/pds
Standard Death Cover Standard Death Cover
Age last birthday Death Cover (2 units) Age last birthday Death Cover (2 units)
20 $50,000 50 $76,800
30 $134,900 60 $34,200
35 $185,600 70 $8,400
40 $170,000
Standard Cover Changing insurance cover
When cover commences You can cancel or reduce your cover at any
All new members who are eligible for cover time by going online at hesta.com.au/login
and apply for cover in their application to or complete and return the Insurance
join, will receive Standard Cover alteration form available at hesta.com.au/
automatically on the day their first forms or over the phone by calling 1800 813
contribution or rollover is received. In some 327. You may increase or reapply for cover
circumstances, cover will be restricted to New in the future. Applications for cover will be
Events Cover. See below for more subject to a full assessment of your health
information. and approval by the insurer. Exclusions and
fee loadings may apply.
Under legislation, insurance cover cannot be
provided to a member if they are under age New Events Cover
25 or have not had a balance of $6,000 or This means your Standard Cover is limited to
more. By applying for cover you are choosing injuries or illnesses that occur after your cover
cover to start even if you do not meet the commences. New Events Cover will apply
above requirements. until you are in Active Employment1 for 30
If you opt in and receive insurance, the consecutive days unless you are employed
insurance fees are deducted directly from and have been with your employer for more
your account until you cancel the cover, or than 6 months when you join HESTA. In this
cover ceases. circumstance, New Events Cover applies for
24 consecutive months.

| 12 | HESTA
You can apply to remove the New Events Income Protection (IP) Cover
Cover restriction by completing the Short HESTA offers members a number of options
Personal Health Statement in this PDS or for IP Cover.
the Removing new events cover restriction
Standard IP cover ends at age 67 and has a
form at hesta.com.au/forms Removal of this
benefit payment period of up to five years,
restriction is subject to approval by the
insurer. payable after a 90-day waiting period1,
during which you cannot work as a result of
1 For an explanation of Active Employment, injury or illness. However, you may be entitled
see insurance options. to a partial disability benefit at the end of
the waiting period1 if you return to work in a
Management occupation insurance
reduced capacity subject to being totally
fee scale
disabled for a minimum of 7 out of 12
When selecting Standard Cover on joining, consecutive days at the start of the waiting
the cover provided is on the standard period1. Access to partial disability benefits
occupation insurance fee scale. Members are limited to the first 24 months of any claim.
who can satisfy certain occupational criteria
Other IP Cover options are a cover expiry
can apply for management occupation
age of 60, or a benefit payment period to
insurance fee scale which has a lower
insurance fee better reflecting their age 67, to age 60 or up to two years. Waiting
occupational duties. For full details of the periods1 may also be 60 or 30 days. These
criteria, please refer to Insurance options at options will affect the IP Cover fee per unit.
hesta.com.au/pds Members can apply to Full details of the cover options and
convert their occupation insurance fee scale applicable insurance fees can be found in
from standard to management by completing Insurance options at hesta.com.au/pds
the Insurance alteration form at Members with IP Cover may also be eligible
hesta.com.au/forms or by satisfactorily for a lump-sum Permanent Incapacity
completing an application online at Support Benefit of $10,200 after a qualifying
hesta.com.au/login Any change in period provided they satisfy the relevant
occupation fee scale takes effect from when policy definition. Full details of this benefit
your application is approved. can be found in Insurance options at
hesta.com.au/pds
Fixed Cover
You may also choose to fix the amount of 1 Waiting period means the number of
your Death and optional Lump-sum TPD consecutive days you must be disabled
Cover (where you apply for this cover). Fixed before a total disability or partial disability
Death Cover allows you to maintain the same benefit would be payable. The waiting
amount of cover until age 75 (when cover period commences the day after a medical
ceases). Fixed TPD Cover maintains your practitioner has certified you are unable
cover amount until age 60, at which point to work due to sickness, injury or illness. No
cover will decrease in equal amounts of 10% payments are made for the waiting period.
every year from age 61 until age 70 when Payments are made monthly in arrears.
cover ceases. Converting your cover to fixed
cover is subject to approval by the insurer. Extra cover
New and existing members can apply for any
For full details on fixed cover read Insurance
mix of IP Cover, Death Cover or Lump-sum
options at hesta.com.au/pds
TPD Cover, up to the limits shown in the table
on page 11 (subject to approval by the
insurer). You can apply online at
hesta.com.au/login Changes to cover are
subject to approval by the insurer.

HESTA | 13 |
 Eligibility for cover
You should read the important information
You are eligible for:
that includes more detailed information
about insurance through your super before IP Cover if you are at least age 15 but less
making a decision. Go to hesta.com.au/ than age 67
pds and read Insurance options. The Death Cover if you are at least age 15 and
material relating to more detailed less than age 75
information about insurance through your
Lump-sum TPD Cover if you are at least
super may change between the time when
age 15 but less than age 70
you read this PDS and when you acquire
the product. and have not previously received a lump-sum
total and permanent disablement benefit or
terminal illness benefit under any insurance
Other information about insurance
policy.
through HESTA
Parental leave Exclusions
If you’re employed by an employer, you may You will not be covered for illnesses and
be eligible for cover to continue insurance injuries as a result of certain events.
fee-free for up to 12 months while you are on
parental leave approved by your employer. Please read Insurance options to obtain
more detailed information regarding
Transferring cover optional cover, cover limits, cover costs,
If you already have IP, Death or Lump-sum eligibility, terms and conditions (including
TPD Cover through another master trust, commencement of cover) and exclusions.
superannuation fund or individual retail This information may affect your
policy you can apply to transfer it to HESTA entitlement to cover and should be
subject to approval by the insurer. You must considered before you decide whether
be under the relevant cover expiry age to the insurance provided through HESTA
transfer cover. Refer to Insurance options at is appropriate for you.
hesta.com.au/pds and Insurance transfer
form at hesta.com.au/forms for more
You should read the important information
information.
about eligibility and exclusions before
Inactivity making a decision. Go to hesta.com.au/
Under legislation, if you do not receive a pds and read Insurance options. The
contribution or rollover for 16 consecutive material relating to eligibility and
months, your account will be considered exclusions may change between the time
‘inactive’ and any insurance cover you have when you read this PDS and when you
will cease unless you choose to maintain acquire the product.
cover if you become inactive.
There is an option in your application form At the date of this publication, insurance
to join HESTA Personal Super to maintain is available to HESTA Personal Super
your insurance cover even if your account members through AIA Australia Ltd ABN
becomes inactive. Please select this option if 79 004 837 861 AFSL No. 230043 (‘HESTA’s
you wish for this to be the case. For further insurer’, ‘the insurer’, ‘our insurer’).
information on insurance and inactivity see
Insurance options.
Multiple accounts
As a member, you are only entitled to
insurance cover on one account — generally
your first account. See Other information for
further details about what will happen if you
have multiple accounts.

| 14 | HESTA
9. how to open an account
To open a HESTA Personal Super account, If your initial payment was a preserved or
complete the New HESTA Personal Super restricted non-preserved sum, it can’t be
member application with this PDS. Once we refunded to you, but must be transferred to
have received your application, your another complying super fund of your choice.
membership with HESTA will begin on the
date an amount is received on your behalf.
Complaints
You can choose your investment options and If at any time after opening your account you
the insurance cover you want on the are not satisfied, you may make a complaint
application form. You should read this PDS by contacting us, refer to hesta.com.au/
carefully before making any choices. complaints for full details. You may also be
able to escalate your complaint to Australian
Cooling off Financial Complaints Authority (AFCA) at
HESTA Personal Super applicants/members afca.org.au Refer to the bottom of this page
have a cooling-off period in which to decide for our contact details.
if HESTA Personal Super is right for them. The
14-day cooling-off period commences on the You should read the important information
end of the fifth day after membership begins. about how to make a complaint before
During this cooling-off period you can cancel making a decision. Go to hesta.com.au/
your membership by writing to, or emailing pds and read How to make a complaint.
us. You won’t have to pay any fees or costs, The material relating to how to make a
but your payment amount may be adjusted complaint may change between the time
for any increase or decrease in investment when you read this PDS and when you
value, the cost of insurance and any tax paid. acquire the product.
In other circumstances, where payments are
returned because they cannot be allocated
to an account, no earnings are applied.

10. other information

See the Other information fact sheet at what happens if we change our rules
hesta.com.au/factsheets for details about:
when we may need to transfer your super what will happen if you have multiple
to the Australian Tax Office (ATO) accounts

when we may be required to release your when we may automatically close your
benefit to a bankruptcy trustee under account or withdraw your application
bankruptcy law when your membership of HESTA
when we may be required to split your commences.
benefit with your spouse under family law The information in the fact sheets does not
what we will do when returning form part of this PDS.
contributions we cannot accept

HESTA | 15 |
contact us
hesta@hesta.com.au | 1800 813 327 | Locked Bag 5136, Parramatta NSW 2124 | hesta.com.au

HS 1130.6 07/22 ISS17

 new HESTA personal super member application
Why paper? Join online at hesta.com.au/join

Are you already a HESTA member?

YES — Do not complete this form.
NO — HESTA Personal Super is for members that don’t have an employer or are self-employed.
If you meet this criterion, complete this form and scan and email all requirements to hesta@hesta.com.au or mail to:
HESTA, Locked Bag 5136, Parramatta NSW 2124

Complete all parts of this form by typing in information or if writing use CAPITAL LETTERS.

1 New member details 2 Tax file number (TFN) (continued)

Title: Ms Mrs Miss Mr Dr Other I authorise the Trustee of HESTA to use my TFN for the purpose of
Given name/s: using the ATO SuperMatch service to locate other superannuation
accounts and reunite any identified ATO held monies with my
Austin HESTA account. My consent will be retained by HESTA for future
Family name: searches unless revoked by me.

Roanne X Yes X No
Date of birth: 3 Initial contribution
0 2 0 2 2 0 0 8 What type of contribution are you making?
Preferred mailing address: PO Box / Unit number / Street number (See section 2 of the PDS for guidance).

3 X A Sole Trader or after-tax contribution

(member voluntary/spouse contribution).
Street name
Amount paid: $ 0
Hendon Court
Please complete ‘After-tax contributions’ below
Suburb
X B Transfer of funds from another super fund (please
Boronia Heights complete the Combining your super form with this PDS).
State /Terr. Postcode
After-tax contributions
QLD 4 1 2 4 Under superannuation law, we can only accept your after-tax
contributions if you have supplied your TFN and are able to
Telephone number (home):
answer ‘Yes’ to the following question below.
4 5 0 5 9 1 7 3 7
1. I am aged under 75 years. X Yes X No
Mobile:
0 4 5 0 5 9 1 7 3 7 Please answer ‘Yes’ to one of the following if this contribution is
Email: made by your spouse:
austin_roanne@hotmail.com 1. I am aged under 75 years X Yes X No
By providing my email address and/or phone number, I consent Spouse family name (last name):
to HESTA communicating with me electronically and agree to
receive information about disclosures, products, services and
opportunities available to me as a HESTA member. I understand For more information on spouse contributions read the
I can change my communication preferences in my online Spouse contribution form available at hesta.com.au/forms
account.
4 Future contributions
2 Tax file number (TFN)
There are several options available if you choose to make future
We are authorised by law to ask for your TFN. You do not have contributions to your super:
to provide it, but if you don’t, you may end up paying more tax
than you need to. You must supply your TFN to enable your 1. BPAY (log in to hesta.com.au/login to access your BPAY details)
HESTA Personal Super account to accept after-tax contributions. 2. direct debit (download the form at hesta.com.au/forms)
Visit hesta.com.au/tax-file-number for more information about 3. electronic funds transfer (EFT) go to hesta.com.au/login
providing your tax file number.
In addition to future contributions, you can also find and
combine any other super online at hesta.com.au/login
My tax file number is: 3 3 3 3 3 3 3 3 3
We can help you find any super you may have with other super
funds or that has been transferred to the Australian Taxation
Office (ATO), using the ATO’s SuperMatch service. To do this,
we need your consent to search using your TFN. By providing
consent, if we find any super money held with the ATO we’ll
transfer it to your HESTA account. Don’t worry, we won’t transfer
any money held by other super accounts unless you tell us to.
HS 1130.6 07/22 ISS17

This consent remains in place until you tell us otherwise. You can
withdraw your consent at any time in the future by contacting us
on 1800 813 327.

Page 1 of 4
5 Insurance 5 Insurance (continued)
Application eligibility PART A: Your Standard Cover (see page 12 of the PDS)
All members who want insurance cover must answer the If you do not make an election you will not receive any cover.
following question:
X I want Standard Cover
Have you ever received a lump-sum TPD X Yes X No
or terminal illness benefit from any X I do not want Standard Cover
insurance policy?
By applying for cover you agree to being provided with cover
(If you answer ‘yes’ to this question, or do not answer this even if you are not age 25 or more and have not had an
question, you will not be eligible for cover). account balance of $6,000 or more.
You will receive Standard Cover of two units of Death Cover
Your duty to take reasonable care
and two units of Income Protection (IP) Cover. Standard IP
Please read the following information before you complete Cover has a benefit payment period of up to five years after
the insurance section of the New HESTA Personal Super a 90-day waiting period. IP Cover ends at age 67. Cover will
member application form. be restricted to ‘New Events Cover’ until you are in Active
HESTA has taken out a contract of insurance with an insurer to Employment for 30 consecutive days unless you are employed
provide the insurance benefits in the Fund. On becoming an and have been with your employer for more than 6 months
insured member, you are bound by the terms and conditions when you join HESTA Personal Super. In this circumstance, New
of this contract of insurance. When applying for insurance, Events Cover applies for 24 consecutive months. You can apply
you have a legal duty to take reasonable care not to make a to remove the New Events Cover restriction in Part B.
misrepresentation to the insurer before the contract of insurance
Standard Cover will start on the date your first contribution
is entered into.
or rollover is received. Please refer to the Insurance options
A misrepresentation is a false answer, an answer that is only booklet at hesta.com.au/pds for more information.
partially true, or an answer which does not fairly reflect the truth.
This duty applies to a new contract of insurance and also PART B: Short Personal Health Statement
applies when you’re extending or making changes to existing
insurance, and reinstating insurance. Complete this section if you want to apply to have the ‘New
Events Cover’ restriction removed.
If you do not meet your duty
At the date of signing this application:
Not meeting your legal duty can have serious impacts on your
insurance. There are different actions the insurer can take as (a) Are you currently working reduced hours X Yes X No
set out in the Insurance Contracts Act 1984 (Cth). These are or performing fewer tasks at work because
intended to put them in the position they would have been in if you are sick or injured?
the duty had been met.
(b) In the last two years have you worked X Yes X No
reduced hours or performed fewer tasks
These actions include your cover being avoided (treated as if
at work because you are sick or injured?
it never existed), or changing its terms. Not meeting your legal
duty may also result in a claim being declined or a benefit being (c) Have you been paid or lodged a claim for
reduced. terminal illness or disability benefits from

Before the insurer takes any of these actions, they will explain i. superannuation fund? X Yes X No
their reasons and what you can do if you disagree.
ii. life insurance company? X Yes X No
Please note there may be circumstances where they later iii. any state or federal government body X Yes X No
investigate whether the information you gave them was true. For such as workers compensation, social
example, when a claim is made. security, veterans affairs or motor
accident scheme?

(d) are you eligible to be paid a terminal X Yes X No

illness or disability benefit?

(e) Other than a cold or flu and oral X Yes X No

contraceptives, in the last 12 months
have you been advised to start or
increase any treatment or medication?

(f) are you currently in the process of X Yes X No

applying for insurance cover through
an insurance company or
superannuation fund?

(g) Have you had any insurance X Yes X No

applications previously declined
through a life insurance company
or any superannuation fund?
Other insurance changes
You can apply to change your cover or remove the
New Events Cover Restriction later by completing the ‘Removing
New Events Cover Restriction’ form which you can download
from hesta.com.au/forms

Part C: Reduce cover

If you wish to reduce insurance cover through HESTA, you can do
so in your online account.
Page 2 of 4
 5 Insurance (continued) You are applying to enter into a contract of insurance.
Part D: Occupation insurance fee scale As such, you have a duty to take reasonable care to not make
a misrepresentation to the insurer of all relevant information.
If your occupation is considered to be management, you Failing to provide the insurer with full and accurate information
may be eligible to reduce the insurance fee you pay. If your could result in your insurance cover being cancelled and any
application is accepted, the terms and conditions that apply claim for benefits could be denied, so it is vital you answer all
to your current insurance will continue. Any change takes effect questions fully and accurately.
from when it is approved by the insurer.
Although we ask you specific questions via a personal
X I wish to apply for the management insurance fee scale. statement, you should also tell us about any other information
Please answer the following statements: that will impact on the insurer’s decision to offer you insurance
cover, regardless of whether you deem it to be material or
1. I work in a white collar occupation. X Yes X No important. This includes current medical issues that require
2. I earn at least $100,000 per annum X Yes X No investigation, medication or treatment, even if a diagnosis has
(pro rata for part time)^ including not been made.
Reportable Fringe Benefits but This obligation applies to all insurance cover relating to this
excluding any superannuation application, including amounts transferred from another fund
guarantee contributions. or insurance arrangement. This means you could be placed in
3. The duties of my occupation are limited X Yes X No a position where you have no insurance cover if we later find
to professional or managerial duties. you have not answered all questions fully and accurately.
Your duty to take reasonable care continues until you receive
4. I perform administrative type duties X Yes X No
80% or more of my time in an office written confirmation your application has been accepted.
based environment. You must contact the insurer if there is any change in your
health or circumstances that are relevant to the insurer’s
5. I hold a degree which is necessary for X Yes X No decision on your application.
performing my occupation, or I have
Before your cover starts, the insurer may ask about any
10 years’ service in a senior management
or executive role, or I am a member of a changes to your situation that mean you would now answer
professional body or government institute their questions differently. As any changes might require
which is necessary to perform my occupation. further assessment or investigation, it could save time if you
let us know about any changes when they happen.
^
For example, if you work 3 days per week and earn $63,000
per annum, your full time equivalent would be $105,000, The full duty to take reasonable care is contained within this
which is more than the minimum amount. document and it is important you read it carefully.

Please note, AIA (the insurer) has approved a set number Having read the above, I declare the information I have
of professional institutes or bodies. If you don’t hold a degree provided is honest, true and complete.
or work in a management position and are unsure if you Signature:
qualify, contact AIA on 1800 043 782 or for further information
please read Insurance cover for management available at Austin
hesta.com.au/forms
Date:
Part E: Keeping your insurance with HESTA
2 8 0 9 2 0 2 2
If your account becomes inactive we are required to cancel
your insurance. ‘Inactive’ means you have not received a
6 Investment choice
contribution, rollover (to combine super) or other transfer for
16 consecutive months. You can make an election to maintain You will automatically be invested in HESTA MySuper which
cover if you become inactive. If you do choose to keep your invests in Balanced Growth - our MySuper-authorised
insurance with HESTA, you will also be excluded from being investment option. Once your membership is created, you can
transferred to the ATO if you are deemed ‘inactive low-balance’. change your investment options by logging into your online
This occurs when your balance is under $6,000 and you are account – go to hesta.com.au/login
‘inactive’.
See ‘How we invest your money’ on pages 6–7 of this PDS
X I want to keep my insurance cover if I become inactive. and consider seeking financial advice before making a
decision. For more information on investment, read Investment
choices at hesta.com.au/pds
Part F: Insurance declaration
7 Nominating who your benefit goes to
Important: Before you complete this section, read ‘Your
duty to take reasonable care’ on page 2 of this form and If you die before you retire, the HESTA Trustee will determine who
the below declaration. By signing this part of the form, you gets your super benefits, including proceeds from any insurance
will be authorising any medical practitioner you have ever policy. The Trustee has the final decision as to whom benefits
consulted or whom you may consult in the future to provide are paid but will consider the people nominated by you. See
your medical details to HESTA’s Trustee, HESTA’s insurer or to page 4 of this form for details on who you may nominate as your
a court or legal tribunal.
dependant(s).
New HESTA Personal Super members can receive (subject to the
Providing this information is optional but it helps us to make a
policy conditions) Standard Income Protection (IP) and Death
decision in accordance with the Trust Deed. You can split your
Cover, restricted to ‘New Events Cover’ until you are in Active
nomination between different people. If you would like your
Employment for 30 consecutive days unless you are employed
HESTA super benefit divided between more than three people,
and have been with your employer for more than 6 months when
please provide their details on another signed piece of paper.
you join HESTA Personal. In this circumstance New Events Cover
applies for 24 consecutive months. You can apply to remove the You can add, delete or change these details by contacting
New Events Cover restriction by satisfactorily completing Part B HESTA in writing, completing a Change of member details form
of the Short Personal Health Statement.. available at hesta.com.au/forms or using your online account.
Issued by H.E.S.T. Australia Ltd ABN 66 006 818 695 AFSL No. 235249 Trustee of HESTA ABN 64 971 749 321. The information you provide on this form, and any subsequent information
you provide to us or our service providers in relation to this form, is collected in accordance with the HESTA Privacy Collection Statement available at hesta.com.au/privacy or
by calling 1800 813 327. Where you provide us with personal information about another person, it is your responsibility to notify that person about the disclosure of their personal
information to us . Page 3 of 4
 7 Nominating who your benefit goes to (cont.) 8 Declaration and applicant’s signature (cont.)
If I die while a member, I would like HESTA to pay my super to the provisions of the Trust Deed. I understand that once I submit
these people: my application, my membership with HESTA will commence on the
date an amount is received on my behalf.
Given name/s:
Signature:
Robert
Austin
Family name:
Ie Date:
2 8 0 9 2 0 2 2
Relationship of this person to me (e.g. spouse, child, etc.):
Signature of parent or guardian (if under 18 years of age)
Parent
or your application will be deemed incomplete:
% of my super I would like HESTA’s Trustee
to consider paying this person: 1 0 0 %

Given name/s: 9 Additional information - Dependants

Your dependants include:
• your spouse (which includes another person, whether
Family name: of the same sex or a different sex, with whom you are
in a relationship that is registered under a law of a state
or territory, or a person who, although not legally
married to you, lives with you on a genuine domestic basis in
Relationship of this person to me (e.g. spouse, child, etc.): a relationship as a couple)
• your child (which includes an adopted child, a step-child,
an ex-nuptial child, a child of your spouse or someone who is
% of my super I would like HESTA’s Trustee your child within the meaning of the Family Law Act 1975)
to consider paying this person: % • a person who is wholly or partially financially dependent
on you
• a person with whom you have an interdependency relationship.
Given name/s:
For more information about dependants, see How super works
at hesta.com.au/pds

Family name: 10 Financial adviser details (if applicable)

I authorise my financial adviser to obtain relevant
information and/or to monitor my account on my behalf.
Relationship of this person to me (e.g. spouse, child, etc.): This authority continues for a period of 18 months unless
revoked by me.
Financial Adviser’s name:
% of my super I would like HESTA’s Trustee
to consider paying this person: %
Adviser’s Business name:
Total (must add up to 100%) 1 0 0 %

Binding death benefit nominations (BDBN)

ASIC Financial Adviser Register Number:
To provide greater certainty about who receives your benefit
when you die, you can make a BDBN which binds the Trustee
of HESTA to pay your benefit to the person(s) you choose Licensee Name:
(providing you are still a member of HESTA when you die).
To make a BDBN you must complete a Binding death benefit
nomination form found at hesta.com.au/bindingnom or AFSL Number:
attached to this application.

8 Declaration and applicant’s signature Address:

Before you sign this application form, we are obliged to give

you a Product Disclosure Statement (which is a summary Phone number:
of important information relating to HESTA Personal Super).
This material will help you to understand the product and
decide if it is appropriate for your needs.
Email:
Note: if you are under 18 years of age, a parent or guardian
must also sign this form to enable your account to be created.
I have read and understood the Product Disclosure Statement to Adviser stamp:
which this application was attached. I can opt-out at anytime. I
acknowledge that I have read and understood HESTA’s Privacy
Collection Statement and accept that the information requested
on this form (unless otherwise stipulated) is required in order for
HS 1130.6 07/22 ISS17

HESTA’s Trustee to accept my application for membership and

for the ongoing administration of my membership by the fund When you have filled in and signed this form, please scan
administrator and other service providers. In consideration of my and email all requirements to hesta@hesta.com.au or mail
admission to membership, I agree to abide by and be bound by to: HESTA, Locked Bag 5136, Parramatta NSW 2124

Page 4 of 4
binding death benefit nomination Clear form
Before completing the form, read Important information below and overleaf.
Complete all sections by typing in the information or if writing please do so in CAPITAL letters.
Print ‘X’ to mark boxes where applicable. If you make an error, please complete a new form. No alterations accepted.

I would like this binding death benefit nomination to apply to my:

HESTA super account - Member number: HESTA Income Stream - Member number:
HESTA Personal Super - Member number: HESTA Term Allocated Pension - Member number:
HESTA Corporate Super account - Member number:
Note: if you wish to nominate different beneficiaries for each of your HESTA accounts, you will need to complete a separate form for each account.
Cross ONE box to: nominate OR renew OR cancel OR change beneficiaries. If you cross more than one box your request will not be valid.

1 Personal details
Please ensure your personal details provided are as they currently appear on your HESTA account. If your details have changed please
complete a Change of member details form
Title: Ms Mrs Miss Mr Dr Other Given name/s:

Date of Birth: D D M M Y Y Y Y Family name:

Address:

2 Beneficiary details
Each nominated beneficiary must be a dependant as described below or your Legal Personal Representative. Your binding nomination must
be signed by TWO witnesses (other than any of the beneficiaries named) in your presence at the same time and date as your declaration.
Please use whole numbers, not decimals for the benefit percentages. If you have more than six beneficiaries please call us.

FULL NAME 1 FULL NAME 6

RESIDENTIAL OR EMAIL ADDRESS RESIDENTIAL OR EMAIL ADDRESS
MOBILE NUMBER MOBILE NUMBER
Beneficiary’s relationship to you: % of benefit Beneficiary’s relationship to you: % of benefit
Spouse Child Spouse Child
Financially dependent/Interdependent % Financially dependent/Interdependent %
Legal personal representative (of your estate) TOTAL (the % of all beneficiaries nominated
MUST add up to 100%):
0 %
FULL NAME 2
RESIDENTIAL OR EMAIL ADDRESS Important information
To provide more certainty about who receives your benefit when you
MOBILE NUMBER die, you can make a nomination which binds the Trustee of HESTA to
Beneficiary’s relationship to you: % of benefit pay the person(s) you direct (providing you are still a member of the
Spouse Child Fund when you die).
Financially dependent/Interdependent % The person(s) you nominate must be any one or more of the following:
• your spouse* (including another person, whether of the same sex, or
FULL NAME 3 a different sex with whom you are in a relationship that is registered
under a law of a state or territory, or, a person who, although not
RESIDENTIAL OR EMAIL ADDRESS legally married to you, lives with you on a genuine domestic basis in
a relationship as a couple)
MOBILE NUMBER • your children* (including step, adopted, ex-nuptial, a child of your
Beneficiary’s relationship to you: % of benefit spouse or someone who is your child within the meaning of the
Spouse Child Family Law Act (1975)
Financially dependent/Interdependent % • any person(s) financially dependant* or interdependent* on you
• legal personal representative (LPR) of your estate (you do not need to
FULL NAME 4 provide the name of your LPR on this nomination. HESTA will pay your
benefit to the confirmed executor or administrator of your estate at the
RESIDENTIAL OR EMAIL ADDRESS time of passing, which may differ from the LPR you name.
*Evidence of this relationship will be required to be submitted as part of the
MOBILE NUMBER death claim process. If the person nominated no longer falls within one of
Beneficiary’s relationship to you: % of benefit the aforementioned categories at the time of your passing, your nomination
Spouse Child will be invalid and the Trustee will determine distribution of the benefit.
Financially dependent/Interdependent %
Tax and death benefits
FULL NAME 5 The definition of a dependant under tax law differs from the definition
under superannuation law. Under tax law, children aged 18 and
RESIDENTIAL OR EMAIL ADDRESS over are not generally classed as tax-dependents and therefore
benefits may be subject to tax. Similarly, taxes may be applied where
MOBILE NUMBER you have nominated your legal personal representative.
Beneficiary’s relationship to you: % of benefit
You should consider the options available for binding nominations
Spouse Child carefully. Read the How super works which forms part of the Product
Financially dependent/Interdependent % Disclosure Statement available at hesta.com.au/pds

Please turn over to read and sign member and witness declaration. Page 1 of 2
 At the time of a claim, a beneficiary may be entitled to choose to receive any income stream as a lump-sum payment or opt to continue the income
stream if eligible. We recommend seeking financial advice as the tax treatment of benefits will depend on their personal circumstances.

How long is the nomination valid? Cancelling a binding nomination

A binding nomination is valid for three years from the date it was signed. It is If you want to cancel a current binding nomination and not replace it, you
important to keep your nomination up to date to ensure your wishes are met. must tick the relevant box at the beginning of the form. Please note the form
You can renew, change or cancel your nomination at any time. If your must still be signed, dated and witnessed to cancel a previous nomination.
nomination is valid, we must follow it no matter how your circumstances We will confirm your new or cancelled nomination in writing. We will also
have changed. For example, if you nominate your husband or wife and contact you and seek instructions before the expiry of an existing nomination.
you later separate, but have not yet obtained a divorce, your nomination
remains valid and binds us unless you vary or cancel it, or it expires. You will Default option
be advised of your nomination each time we send your Member Annual If, at the time of your death:
Statement, and you will be provided with the opportunity to update it.
• you have not made a binding death nomination, or
Your dependants may have the right to complain about a decision made by
the Trustee. Visit hesta.com.au/complaints to learn more about disputing the
• your nomination has been cancelled, or
Trustee’s decision. • your nomination is invalid (for example, it is not correctly signed or witnessed,
it is more than three years old and has not been renewed, or if a nominated
What is a valid nomination? beneficiary no longer fall within one of the permitted categories)
To make a nomination valid, your nomination must: the Trustee of HESTA will use its discretion to determine how your benefit
• be made in writing on this form should be paid.
• clearly set out the proportion of the benefit to be paid in full percentages
Privacy
(total must add up to 100%)
• be signed and dated by you in the presence of two witnesses over the The information you provide on this form, and any subsequent information
age of 18 who are not nominated beneficiaries on the form at the same you provide to us or our service providers in relation to this form, is collected
time you make your declaration in accordance with the HESTA Privacy Collection Statement available at
hesta.com.au/privacy or by calling 1800 813 327.
• be sent to us (a nomination will not be valid until we receive it)
• and received by HESTA prior to your passing. Where you provide us with personal information about another person, it is
your responsibility to notify that person about the disclosure of their personal
Making and updating a binding nomination information to us. Scan and email all requirements to hesta@hesta.com.au
or mail to: HESTA, Locked Bag 5136, Parramatta NSW 2124
To renew, change or make a new nomination you must tick the relevant box
at the start of this form and write your chosen beneficiaries’ details in Section
2. The ‘percentage of benefit’ column must total 100%. The form must be
signed by you, dated and witnessed by two people who are not beneficiaries.
Once accepted, this nomination will replace any existing nomination.

3 Member declaration 4 Witness declaration

I understand and declare: Each witness declares that:
• my beneficiary(ies) must be my spouse, child, financial • I am over age 18
dependant and/or interdependent at the time of my death • I am not a beneficiary nominated on this form
or a legal personal representative of my estate • The member signed this binding nomination in my presence
• I have read the information on this form that sets out the terms
Please ensure the member signs the member declaration
upon which this nomination is made and I will be bound by the
(see section 3) in your presence at the same time on the same date
provisions of the HESTA Trust Deed relating to binding death
as this witnesses’ declaration.
benefit nominations
• a binding nomination is only valid for three years from the date Signature of witness one:
it is signed, confirmed or amended
• I may at any time cancel or change a binding nomination notice
by submitting a new binding death benefit nomination Print name:
• if a binding nomination is invalid or has not been received
by the Trustee of HESTA before I die, the death benefit will be
determined by the Trustee of HESTA at its discretion Date:
• this declaration must be signed by me in the presence of
two witnesses over the age of 18, who are not beneficiaries D D M M Y Y Y Y
on this form Phone number:
• this nomination applies to all my investments within the HESTA
account nominated on this form.
• I have read and understood the HESTA Privacy Collection
Statement and consent to the trustee of HESTA collecting, Signature of witness two:
using and disclosing my personal information.
Signature:
Print name:

Date:
Date:
D D M M Y Y Y Y
Please ensure TWO witnesses sign this form at the same
D D M M Y Y Y Y
time on the same date as you sign this (in your presence). Phone number:
Scan and email all requirements to hesta@hesta.com.au
or mail to: HESTA, Locked Bag 5136, Parramatta NSW 2124

contact us
HS 1129.6 07/22 ISS13

hesta@hesta.com.au | 1800 813 327 | Email forms to hesta@hesta.com.au or mail to: HESTA, Locked Bag 5136, Parramatta NSW 2124

Issued by H.E.S.T. Australia Ltd ABN 66 006 818 695 AFSL No. 235249, Trustee of HESTA ABN 64 971 749 321. The information you provide on this form, and any subsequent information you
provide to us or our service providers in relation to this form, is collected in accordance with the HESTA Privacy Collection Statement available at hesta.com.au/privacy or by calling
1800 813 327. Where you provide us with personal information about another person, it’s your responsibility to notify that person about the disclosure of their personal information.

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 combining your super
Complete the rollover initiation request overleaf to transfer your other super funds to HESTA

Before completing this form What happens if I do not quote my tax file number (TFN)?
• Read the important information below. We are authorised to collect your tax file number (TFN)
• Complete the Choice of super fund request form if you would like under the Superannuation Industry (Supervision) Act 1993
HESTA to receive future Superannuation Guarantee contributions. (SIS). Supplying your TFN is voluntary, and it is not an
• You can also find and rollover any other super online at offence if you choose not to provide it.
hesta.com.au/login We are required by law to take the necessary steps to
properly safeguard your TFN, and our intention is to use
When completing this form
it only for lawful superannuation purposes, including to
• Refer to these instructions where a question has this icon: facilitate the search for and consolidation of your
• Type in information or if writing use CAPITAL LETTERS. superannuation accounts, by seeking information from the
Australian Taxation Office (ATO) and/or a superannuation
After completing this form
entity.* A record of your TFN will be made for ongoing
• Sign the authorisation. taxation and superannuation purposes.
• Review the checklist below. We may disclose your TFN to another superannuation
• Scan and email, or mail the request form to your fund. provider if your benefits are transferred, unless you instruct
us in writing not to disclose it to any other fund.
! Important information *Please note: Future legislation may result in changes to these purposes.

This transfer may close your account (you will need to check this with Why should I provide my TFN?
your FROM fund).
• HESTA will be able to accept all permitted types of
This form can not be used to: contributions to your account,
• transfer benefits if you don’t know where your super is • other than the tax that may ordinarily apply, you
• transfer benefits from multiple funds on this one form – a separate will not pay more tax than you need to — this affects
form must be completed for each fund you wish to transfer super from both contributions to your superannuation and
benefit payments when you start drawing down your
• transfer your super to an SMSF
superannuation benefits, and
• change the fund to which your employer pays contributions on your
• it will make it much easier to find different
behalf. The Choice of super fund request form must be used by you to
superannuation accounts in your name so that you
change funds
receive all your superannuation benefits when you retire.
• open a superannuation account, or
Have you changed your name or are you signing
• transfer benefits under certain conditions or circumstances, for
on behalf of another person?
example if there is a super agreement under the Family Law Act 1975
in place. If you have changed your name or are signing on
behalf of the applicant, you will need to provide a certified
linking document. A linking document is a document that
What happens to my future employer contributions?
proves a relationship exists between two (or more) names.
Using this form to transfer your benefits will not change the fund to which The following table contains information about suitable
your employer pays your contributions and may close the account you are linking documents.
transferring your benefits FROM.
Purpose Suitable linking documents
If you wish to change the fund into which your contributions are being paid,
you will need to speak to your employer about choice. Change of name Marriage certificate, deed poll or
change of name certificate from
For the appropriate forms and information about whether you are eligible
the Births, Deaths and Marriages
to choose the fund to which your employer contributions are made,
Registration Office
visit ato.gov.au or call 13 10 20.

Things you need to consider when transferring your super Signed on behalf Guardianship papers
of the applicant or Power of Attorney
When you transfer your super, your entitlements under that fund may cease.
You need to consider all relevant information before you make a decision to
transfer your super. If you ask for information, your super provider must give Checklist
it to you. Some of the points you may consider are: Have you read the important information?
• Differences in fees funds charge can have a significant effect on what you Have you considered where your future employer
will have to retire on. For example, a 1% increase in fees may significantly contributions will be paid?
reduce your final benefit. Have you completed all of the mandatory fields
• Death and disability benefits — your FROM fund may insure you against on the form?
death, illness or an accident which leaves you unable to return to work. Have you signed and dated the form?
If you choose to leave your current fund, you may lose any insurance
entitlements you have. Other funds may not offer insurance or may require Return your completed form
you to pass a medical examination before they cover you. When Scan and email all requirements to hesta@hesta.com.au
considering a new fund, you may wish to check the costs and amount
or mail to: HESTA, Locked Bag 5136, Parramatta NSW 2124
of any cover offered.
HS 1429.7 7/22 ISS8

*Visit ato.gov.au for the most current information on super contributions and tax.
Issued by H.E.S.T. Australia Ltd ABN 66 006 818 695 AFSL No. 235249, the Trustee of HESTA ABN 64 971 749 321. This information is of a general nature. It does not take into account your objectives,
financial situation or specific needs. You should look at your own financial position and requirements before making a decision. You may wish to consult an adviser when doing this. Before
making a decision about HESTA products you should read the relevant Product Disclosure Statement (call 1800 813 327 or visit hesta.com.au for a copy), and consider any relevant risks
(hesta.com.au/understandingrisk). The information you provide on this form, and any subsequent information you provide to us or our service providers in relation to this form, is collected in
accordance with the HESTA Privacy Collection Statement available at hesta.com.au/privacy or by calling 1800 813 327.
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rollover initiation request
Use this form to request a transfer of your super account from another fund to HESTA.
You can also find and rollover any other super online at hesta.com.au/login

COMPLETING THIS FORM AFTER COMPLETING THIS FORM

• Read the important information pages • Sign the authorisation
• Refer to instructions where indicated with:  • Send form to either your FROM (transferring) fund or your TO (receiving) fund

Personal details Current address (residential, no PO. Boxes)

Title Mr Mrs Ms Other *Address

*Family name *Suburb

*Given names

Other/previous names *State/ *Postcode

Territory
*Date of birth
(DD/MM/YYYY)
/ / Email

Tax file number Contact phone number

Under the Superannuation Industry (Supervision) Act 1993, Previous address

you are not obliged to disclose your tax file number,  If you know that the address held by your FROM fund is different to your
but there may be tax consequences. current residential address, give details below.

 See ‘What happens if I do not quote my tax file number?’ Address

*Gender Male Female

Suburb
NB: * Denotes mandatory field. If you do not complete all of the
mandatory fields, there may be a delay in processing your request. State/
Territory Postcode

Fund details
FROM (Transferring Fund) TO (Receiving Fund)

*Fund name *Fund name HESTA

Fund phone number

(if available)
Fund phone number 1800 813 327
*Membership or account number *Membership or account number
Australian Business Number
(if available) Australian Business Number 64 971 749 321
Unique Superannuation identifier
(if available) Unique Superannuation identifier HST0100AU
Type of rollover Full rollover

Partial rollover Transfer amount (only complete

for partial rollovers)
$

 If you have multiple account numbers with this fund, you must complete a separate form for each account you wish to transfer.
You must check with your TO fund to ensure they can accept this transfer.

Authorisation
By signing this request form I am making the following statements:
● I declare I have fully read this form and the information completed *Name (Print in BLOCK LETTERS)
is true and correct.
● I am aware I may ask my superannuation provider for information
about the effect this transfer may have on my benefits, and have
*Signature
obtained or do not require any futher information.
● I consent to my tax file number being disclosed for the purposes
of consolidating my account.
● I discharge the superannuation provider of my FROM fund of
all further liability in respect of the benefits paid and transferred
to my TO fund. *Date (DD/MM/YYY)
● I request and consent to the transfer of superannuation as
described above and authorise the superannuation provider / /
of each fund to give effect to this transfer.

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