Frequently asked questions

Can other members of my family join AUSCOAL Super?

AUSCOAL Super is not a Public Offer Fund which means there are restrictions on who can join. Currently, only your spouse can become a Spouse Member of the Fund. Click here for a guide to Spouse Membership of AUSCOAL Super.

Can I transfer money from another fund into AUSCOAL Super?

Yes.
You can download a Transfer form or phone us on 1300 AUSCOAL and a form will be mailed to you. We will take care of the transfer on your behalf. Before requesting the transfer, we recommend you contact your other fund and ask:

- your current balance of account
- would this be the transfer amount if transferring to another fund?
- the costs involved and any loss of insurance benefits.

Can I leave my super in AUSCOAL once I have left the Industry?

Yes. AUSCOAL Super allows you to keep your super in the Fund. You may also stay in the Fund by commencing an AUSCOAL Super Account-based Pension.

If I commence employment outside the coal industry, can my new employer contribute to AUSCOAL Super?

Yes. The Trust Deed of the Fund allows employers to contribute on behalf of existing members who start work outside the coal industry.
Your new employer will need to complete an application to become a Non-Industry Participating Employer. On approval by the Trustee, your new employer can begin making contributions on your behalf.

How can I increase my salary sacrifice contribution?

Yes, however you will need to speak to your payroll administrator about increasing your salary sacrifice. The arrangements in place with your employer will govern how often you can increase or decrease the amount paid on your behalf.

What happens to my account when I turn 65?

You can stay with AUSCOAL Super as long as you want - even after you retire.

Under the new system you will be able to leave money in super for as long as you want, whether you are working or not. Previously if you were over the age of 65 and not working you had to withdraw your benefit either as a lump sum or pension. The new rules mean that all or even part of the balance in your super account can remain in AUSCOAL Super.

This means from age 65, you can stay with AUSCOAL Super and continue to take advantage of the tax-effective super system for as long as you want and you won't need to search for a new investment if you are not ready to retire.