Your super account

Your super account is an accumulation style account. This means employer and member contributions and rollovers are deposited into your account, while any taxes, applicable insurance premiums, fees and other costs are deducted from your account.

Each business day we calculate the value of your account using a daily unit price. This daily unit price reflects the value of the assets your investment option has invested in.

The value of your account depends on the number of units allocated to you and the unit price of the investment options you are invested in. Unit prices are calculated each business day by dividing the value of the assets held in the investment option (after allowing for certain fees, taxes and expenses) by the total number of units on issue for that investment option. The unit price can move up and down in line with the changes in the value of the assets.

When you make a withdrawal, units are deducted from your account by dividing the amount you are withdrawing by the unit price applicable on the date you do the withdrawal.

Your benefit entitlement will be the amount of money in your super account plus any insurance payable in the event of your death or if you are approved for a total and permanent disablement benefit in accordance with the Trust Deed.

For more information about fees and costs and insurance

See the Insurance and Fees & Costs sections of the website or our Product Disclosure Statement for more information about the costs that may be deducted from your account.

You can stay with AUSCOAL Super even if you leave your current employer

If you start working for a new employer, you can ask them to pay your super into your AUSCOAL Super account by joining as a Participating Employer. If they are not already a Participating Employer with AUSCOAL Super they will have to apply and be approved by the Trustee before they can start paying contributions for you.

There are restrictions on when you can withdraw your money

Superannuation savings are intended for retirement. Any part of your account that is preserved cannot be paid out in cash until you meet a condition of release. Please refer to the Product Disclosure Statement for further details

Any amount shown on your Member Statement as unrestricted non-preserved can be withdrawn from AUSCOAL Super at any time by completing a Withdrawal Application Form.

Important information for temporary residents

If you are a temporary resident and it has been at least six months since both of the following occurred:

• you departed Australia, and


• your visa was cancelled or expired,

the Trustee, upon receipt of a notice from the Australian Taxation Office (ATO), will be required to pay your unclaimed super to the ATO. The Trustee is not required to notify you about this or provide you with an exit statement, as it relies on relief from the Australian Securities and Investments Commission (ASIC).  You can apply to the ATO directly for payment of your unclaimed super.