Cbus Self Managed investment platform terms and conditions

Effective 30 November 2023
 

The Cbus Self Managed Investment Platform (Cbus Self Managed) is an investment option provided via an internet facility that Cbus members may use to invest in individual Managed Investments, Australian shares, Exchange Traded Funds (ETFs) and other listed securities approved by us, and term deposits.

The following terms and conditions govern how you may use Cbus Self Managed to buy and sell the investments available on it. You should read them in conjunction with the:

• Cbus Self Managed Investment Guide; and
• Cbus Investment handbook; and
• Cbus Product Disclosure Statement (relevant to your membership type).

We recommend you get advice before making changes to how your retirement savings are invested. Knowing your investment profile is a key part to selecting investments appropriate to you and your own circumstances.

The decisions you make now can have an impact on how much money you will have later in life. We can assist in arranging an appointment for you with an accredited Certified Financial Planner®.

Definitions

The following definitions apply to these Terms and Conditions:

1.  ’We’, ‘our’ and ’us‘ mean United Super Pty Ltd (ABN 46 006 261 623 AFSL 233792) as the trustee for Construction and Building Unions Superannuation Fund ABN 75 493 363 262 (Cbus)
2. 'You' and 'your' mean Eligible and / or Registered Users;
3. 'UBS' means UBS Securities Australia Limited (ABN 62 008 586 481) and holder of Australian Financial Services Licence No. 231098;
4. ‘Morningstar’ means Morningstar Australasia Pty Ltd (ABN 95 090 655 544);
5. 'Data' means market and Exchange data provided by Morningstar;
6. 'Exchange' means the Australian Securities Exchange (ASX) and Cboe Australia (formerly Chi-X Australia);
7. 'Member' means a member of Cbus;
8. CTA means Cash Transaction Account;
9. Eligible or Registered Users means members who have met the criteria to join Cbus Self Managed and who have actively registered to open a Cbus Self Managed account online.

The singular means the plural and the plural means the singular.

1.0 Cbus Self Managed Investment Platform Terms and Conditions

After your registration is accepted, you will need to transfer funds into a CTA which can take up to 10 business days.

1.1 Your access to Cbus Self Managed is subject to these Terms and Conditions, the Cbus Privacy Policy, the Cbus Personal Information Collection Statement, disclaimers and any additional terms and conditions or statements about Cbus Self Managed (referred to collectively as the Terms and Conditions). By accessing, viewing, using any of the online functionality or otherwise using this website and Cbus Self Managed, you agree to be bound by these Terms and Conditions.

1.2 These Terms and Conditions apply in addition to the Terms and Conditions associated with the Member Online Account Logins for Cbus Super accounts and Income Stream login for Cbus Super Income Stream accounts (collectively referred to as ‘Member Online Account Logins’).

1.3 You are responsible for investment decisions and the ongoing monitoring of your investments in Cbus Self-Managed. Neither we nor our service providers will be responsible for monitoring or communicating with you in relation to the suitability, frequency, volume, monitoring or quality of the investment decisions you make and any loss or gain because of your selected investment.

1.4 We or our service providers may refuse to process any order you submit and will not be liable for any loss this may incur. This may occur to comply with laws, regulations or for the purposes of equity.

1.5 We reserve the right to deny you access to or refuse your registration at our discretion.

1.6 You understand that your access and use of Cbus Self-Managed may be suspended without prior notice to you if you breach these Terms and Conditions.

1.7 We may monitor any or all your Cbus Self Managed use and activity.

1.8 We reserve the right to change these Terms and Conditions at any time at our discretion. If there is a change, we will post a notice about the changes for a period of 30 days on the Cbus Self Managed platform. You will find this information in the Actions and alerts section of the platform. Your access and use of Cbus Self Managed after this time will constitute your acceptance even if you don’t access the information provided.

1.9 Any change to fees or charges will be notified to you separately and in advance.

1.10 If you wish to cancel your Cbus Self-Managed registration you can do so at any time by notifying us in writing or selecting the closure option online. This may take up to five business days from receiving your instructions. Your request to close your Cbus Self Managed account cannot be processed until you have disposed of all investments you hold in Cbus Self Managed.

1.11 We will use reasonable endeavours to provide access to Cbus Self-Managed on a 24-hour basis.

1.12 You acknowledge and understand that from time to time there will however be interruptions to Cbus Self Managed to allow for maintenance or some other reason.

1.13 We reserve the right, at any time to update the platform functionality or amend the information provided. Wherever possible, we will use our best endeavours to inform you through the Cbus Self Managed platform before any changes or updates come into effect.

1.14 You agree that where we are required by law or otherwise to provide you with a document, statement, information or other communication (Communication) we may issue these to you electronically whether provided on or through links on the Cbus Self Managed platform or via email.

1.15 By accepting these Terms and Conditions you agree not to dispute the validity or enforceability of electronic communications and you will be taken to have received such Communications whether or not you access the Communications via the Cbus Self Managed platform or otherwise.

1.16 We do not guarantee the delivery of internet Communications as electronic communications including electronic mail are vulnerable to third party interception nor do we guarantee the security of these Communications or the security of the platform.

1.17 You agree to nominate and maintain a valid email address at all times and inform us of any change to your email address or update your information directly through the Member Account Logins.

1.18 You acknowledge and confirm that by accepting these Terms and Conditions and providing an electronic mail address you permit us to use this information to communicate with you electronically and that all information that you provide to us is correct.

1.19 You understand that when you register for Cbus Self Managed you will be required to log in with the Cbus Member Number and Password you provided to us at the time of your registration.

1.20 You understand that you must not provide your log in details to any other person to enable them to access Cbus Self Managed and that you are liable for anything done via Cbus Self Managed using your log in details. Once access is granted, any actions by that Member Number and Password will be deemed to be made by you or with your authority.

1.21 You agree to indemnify us against all liabilities incurred directly or indirectly by us arising from your use of Cbus Self Managed or by anyone using your login details to access Cbus Self Managed.

1.22 We do not represent or warrant that Cbus Self Managed or the information contained on Cbus Self Managed will not be subject to unauthorised access.

1.23 We reserve the right to deny your access to Cbus Self Managed or account details including where:

a) You fail to keep your Member Number and Password secure; and
b) In our opinion, there are concerns regarding unreasonable use, security or unauthorised access.

1.24 Cbus is responsible for providing you with the Cbus Self Managed investment option. Whilst we contract other service providers for the provision of Cbus Self Managed, any query or complaint should be directed to Cbus.

1.25 To the extent permitted by law we exclude liability for any loss you may suffer directly or indirectly by you arising from

a) Your use of Cbus Self Managed; or
b) Any processing delays; or
c) Cbus Self Managed being unavailable for any period of time; or
d) Any errors or omissions in any Cbus Self Managed information.

1.26 Where our liability cannot be excluded under the law our liability is limited to the resupply of the relevant service.

1.27 Information available on Cbus Self Managed is provided by UBS and Morningstar and/or links to other third parties. We accept no responsibility for the accuracy, reliability, timeliness or completeness of the information available on Cbus Self Managed.

1.28 You must not distribute or publish any information made available on this site by UBS or Morningstar whichever is the relevant provider.

1.29 All copyright, rights, title, and interest in and to the content on Cbus Self Managed are owned, licensed or controlled by Cbus, UBS or Morningstar. You obtain a nonexclusive, non-transferrable, revocable licence to use the software in accordance with these Terms and Conditions on becoming a user of Cbus Self Managed.

1.30 You acknowledge that we and our service providers always retain control over providing permission, access to and dissemination of data to Cbus Self Managed Registered Users and the website, and your access to the data can be altered or revoked at our sole discretion and without notice.

1.31 You acknowledge that orders and information that you provide through the service are true and correct and that your Cbus Self Managed investment instructions and transaction activities are conducted lawfully and without breach of any laws governing investment trading including the Anti- Money Laundering and Counter-Terrorism Financing Act (Cth) 2006 and the Anti-Money Laundering and Counter-Terrorism Financing Regulations 2008 (Cth) and the Corporations Act 2001 (Cth) and Corporations Regulations 2008 (Cth) prohibiting:

• Market manipulation (section 1041A);
• False trading and market rigging (sections 1041B and 1041C)
• Misleading and deceptive conduct (section 1041H)
• Insider trading (Section 1043A)
• Short selling (section 1020B).

1.32 You agree that where an investment instruction or transaction activity has or is likely to occur in breach of the relevant law or product design (as outlined in section 3.0 of these Terms and Conditions) or without sufficient proceeds you must comply with requests to rectify the situation. You understand that we may also report any such activity suspected or identified to the appropriate regulatory authority where required to do so without your knowledge or consent. You also understand that we may also report any such activity suspected or identified to the appropriate regulatory authority where required to do so without your knowledge or consent.

1.33 As with any service that is based on technology, there is always some risk that the administration system’s hardware and software may fail or contain errors or omission for example causing a delay in processing and reporting for your account.

1.34 We do not accept responsibility if any of the circumstances in clause 1.33 occur including responsibility for any subsequent investment loss or gain. We have prepared for this risk by implementing a disaster recovery plan and business continuity arrangements. This includes backups of systems and data.

1.35 If any term or condition in these Terms and Conditions is unlawful or unenforceable for any reason that term or condition is severed from these terms and conditions and does not affect the enforceability of the remaining Terms and Conditions.

1.36 Subject to those provisions of the Competition and Consumer Act 2010 and the Australian Securities and Investment Commission Act (both as amended) and any other rights implied by law which cannot be excluded by agreement between the parties we exclude all liability in contract, tort including negligence or otherwise relating to or resulting from use of Cbus Self Managed and for any loss incurred by you directly or indirectly resulting from or arising out of:

a) Any interception by a third party of any electronic communication from us to you;
b) Any theft, alteration addition or loss by third parties;
c) Any unauthorised use of your passwords or security identifications;
d) Any loss arising from the acts or omissions of third parties including for example persons associated with the maintenance of your computer systems, service providers, UBS and Morningstar
e) Any inaccuracies, failures or delays in the transmission of Cbus Self Managed or the services provided by UBS or Morningstar or any other service providers or transmission of your instructions or orders or confirmations or any other communications.

1.37 We make no warranties express or implied as to the merchantability, fitness for purpose including but not limited to the accuracy, currency, availability, quality or completeness or otherwise relating to the provision of Cbus Self Managed and the services provided to you by UBS, Morningstar or any other service providers.

1.38 We warrant that we will use reasonable efforts to ensure the information provided on or through Cbus Self Managed is accurate, current and complete. The sole remedy for breach of warranty is the rectification of any inaccurate information upon notice by you of the inaccuracy or error. We do not represent or warrant that the Cbus Self Managed platform will be free from:

a) Any omission, error or inaccuracy in information provided on or through Cbus Self Managed, including information provided by third parties;
b) Downtime or periods where Cbus Self Managed is unavailable or the failure, in whole or in part, of any function on Cbus Self Managed to perform an Action; or
c) Any unauthorised access to Cbus Self Managed or the information (including account information) retained on Cbus Self Managed, except where the unauthorised access is the direct result of our negligence or fraud.

1.39 You agree that the tax information disclosed on Cbus Self Managed is for your information only and should not be relied on (and is not relevant in) determining your personal tax liability. You understand that amounts disclosed in the relevant tax reports may be estimates and subject to change based on the availability of final information.

1.40 Despite any other provision in these Terms and Conditions if we are unable to perform or are delayed in performing an obligation under these Terms and Conditions by reason of a Force Majeure Event and notice has been given to you as soon as reasonably practicable:

a) That obligation is suspended by only so far and for so long as it is affected by the Force Majeure event;
b) We will not be responsible for any loss or expense suffered or incurred by any other party as a result of, and to the extent that, it is unable to perform or is delayed in performing its obligations because of the Force Majeure Event;
c) The time for performing that obligation is extended by the duration of the Force Majeure Event; and
d) We will take all reasonable steps to avoid, remove or limit the effects of the Force Majeure Event on our performance of the suspended obligations as quickly as possible (however this does not require us to settle any strike or other labour difficulty on terms contrary to our wishes).

1.41 These terms and conditions are governed by the laws of Victoria.

2.0 General Investment Terms and Conditions

All Cbus Self-Managed investments will be registered in the name of JP Morgan Asset Management, as custodian, for United Super Pty Ltd as Trustee of the Construction and Building Unions Superannuation Fund.

2.1 Industry, Sole Trader, Corporate Super or Personal Accumulation Account Holders

To be eligible to register and invest in Cbus Self Managed you must:

• Have a Cbus online account; and
• Have a minimum $20,000 in your Cbus accumulation account; and
• Maintain a minimum balance of $500 in your Cash Transaction Account (CTA) when you hold investments within Cbus Self Managed; and
• Retain a minimum of $10,000 in standard Cbus investment options; and
• Register and agree to the Terms and Conditions for use of the Cbus Self Managed investment option and platform; and
• Provide Cbus with your tax file number for superannuation members; and
• Not have a pending Family Law payment split in process; and
• Nominate and maintain an email address; and
• Be an Australian resident.

2.2 Superannuation Income Stream (Fully Retired) Account Holders

To be eligible to register and invest in Cbus Self Managed you must:

• Have a minimum of $40,000 or more in your Cbus Super Income Stream (SIS) account; and
• Once you have made investments into CSM, you must maintain a minimum balance of $500 in your CTA ; and
• Retain the greater of either:
            - $10,000 in one or more standard Cbus Super Income Stream investment options at the time of commencement; or
            - The equivalent of your minimum annual pension payment* amount at any point throughout the year.

*Minimum pension payment amount is calculated when you commence a Cbus Super Income Stream account and 1 July each year thereafter as a percentage of your Super Income Stream account balance. Refer to the Cbus website for the minimum payment amounts and any adjustments to minimum drawdown amounts.

You can find out more in the ‘Maintaining Cbus Self Managed eligibility’ section of these Terms and Conditions.

2.3 Maintaining Cbus Self Managed Eligibility

2.3.1 You must always maintain a minimum balance of $500 in the Cbus Self Managed CTA when you are invested in Cbus Self Managed investments as this is the account through which all Cbus Self Managed transactions including fees, taxes, purchases will be undertaken. If you need to add funds into your Cbus Self Managed CTA, funds can be transferred to and from your CTA from another investment option within Cbus Self Managed. Transaction must be requested before 4pm (AEST/AEDT) time so that the funds are available on a Trade + 2 day basis. This means your request will be processed effective two national business days later. If your request is made at or after 4pm (or on a weekend or public holiday) it will take an extra national business day to process.

2.3.2 We will invest your CTA balance in an omnibus account with ME Bank. We will not withdraw money from your CTA except on your instruction.

2.3.3 Any interest earned on your CTA is subject to change. For the current interest rate refer to our Cbus Self Managed page.

2.3.4 Super contributions cannot be credited directly to your CTA.

2.3.5 If your account falls below the minimum balance threshold we will firstly notify you via your nominated email address. If you fail take appropriate action, we reserve the right to dispose of the Cbus Self Managed investments or standard Cbus investment options held to ensure adequate liquid funds are available. The timing of any disposal of investments in Cbus Self Managed will be completed at our discretion and in the following order:

a) From available funds in your CTA or from investments in your standard Cbus investment options;
b) From listed securities starting with the listed security with the highest market value; and
c) Through the early redemption of any term deposits which will result in a reduction to your effective rate of interest reduced in accordance with the discount factors contained in the Cbus Self Managed Investment Guide; and
d) From Managed Investments (Cbus Self Managed Property followed by Cbus Self Managed Infrastructure).

2.3.6 If you make a partial claim or request for an income stream commutation on your Cbus Super or SIS account, it will be drawn from your standard Cbus investment option/s before your Cbus Self Managed investment. You are responsible for ensuring funds are available in your Cbus account to meet your partial claim which may require you to dispose of some or all of your Cbus Self Managed investments.

2.3.7 Following a partial withdrawal, you must retain at least $10,000 of your total account balance in the standard Cbus investment option to remain eligible to invest in Cbus Self Managed.

Fees and Costs

2.3.8 If you hold more than one Cbus account subject to meeting the eligibility criteria in paragraphs 2.1 and 2.2 you can choose to invest in Cbus Self Managed within each account.

2.3.9 You will need to register separately for Cbus Self Managed for each Cbus account you hold, and you will have a separate Cbus Self Managed transaction account for each. Cbus Self Managed eligibility requirements, terms and conditions and fees and costs apply to each account you hold. You acknowledge that this includes maintaining a minimum of $500 in each CTA.

2.3.10 Fees and costs associated with Cbus Self Managed include:

• A fixed Portfolio Administration Fee; and
• An Asset-Based Fee; and
• Transaction/brokerage fees based on the value of the transaction and may be a fixed dollar amount or a percentage of the trade.

2.3.11 The Portfolio Administration Fee and Asset-Based Fee are calculated daily, are deducted monthly from your CTA and apply in addition to the fees and costs that apply to your Cbus membership. Read the Cbus Self Managed Investment Guide (PDF) for further information on fees and charges you may be charged for investing in Cbus Self Managed.

2.3.12 For a full explanation of fees and costs, refer to the relevant Cbus Product Disclosure Statement on the Cbus website.

2.3.13 You understand and acknowledge that brokerage will be deducted from your CTA at settlement (usually two business days following the trade).

2.3.14 We reserve the right to charge brokerage to your CTA even if the sale proceed is less than the applicable brokerage fee. You will be advised the brokerage fee for each trade prior to you confirming the trade order.

3.0 Investment Terms and Conditions for each Investment Option

The Cbus Self Managed investment option allows you to invest in Listed securities, Term Deposits and Managed Investments. Each has specific rules for investing which are set out below.

3.1 Listed Securities

3.1.1 You must place all orders to buy or sell listed securities, receive and give all instructions regarding dividend reinvestment and corporate action elections and give all other instructions relating to listed securities in your account online using Cbus Self Managed. Written applications will not be accepted under any circumstances.

3.1.2 If your employer is a stock broker, you must have a Referral Agreement signed by your employer and submitted to Cbus in order to comply with section 991F(3) of the Corporations Act 2001.

3.1.3 Only applications to invest in listed securities within the S&P/ASX 300 Index and Exchange Traded Funds (Investible Universe) as selected by Cbus from time to time will be implemented. Listed securities that have reduced in market capitalisation and are no longer in the S&P/ASX 300 Index will not be available for investment. However, you can continue to hold or sell your investment but you will not be able to invest in more of the same security. We reserve the right to add or remove listed securities at any time.

3.1.4 You must comply with the investment limits, order rules, dividend reinvestment plan and corporate action requirements and other listed security information which is set out in the Cbus Self Managed Investment Guide.

3.1.5 Orders to buy or sell listed securities must first be validated by us and will ordinarily be passed on to our broker upon successful validation. We reserve the right to reject, amend or modify any order.

3.1.6 You must instruct us to purchase or sell a specified number of securities at either a specified price (known as at limit) or at the market price (known as at market). We will quarantine funds in your Cbus Self Managed transaction account based on the order attributes to ensure the trade can be settled and fees and charges paid. These funds will remain quarantined until the order is either settled or cancelled.

3.1.7 In the event of an at market instruction, the buy or sell price of a stock will be that which is confirmed by the relevant exchange.

3.1.8 The online listed securities trading facility in Cbus Self Managed to place orders and give instructions regarding any listed securities to be acquired or in your account may not be always available to you and we may notify you of outages from time to time.

3.1.9 In the case of intraday suspensions of any listed security, instructions will be implemented when trading resumes, subject to trading resuming within the designated longevity of the order as instructed by you. Instructions will automatically lapse if trade resumes outside of the designated order longevity period (either Good for Day or Good for Month). Orders which take place, whether over a single day or over several days, will lock up equity or cash until they are completed. Multiple brokerage fees will apply if executed in parcels over multiple days.

3.1.10 We will not be responsible for any delay in processing orders or any other instructions relating to listed securities in your account.

3.1.11 Cbus’ custodian is appointed as proxy in relation to the exercise of votes attached to the shares and units selected by you and this proxy will be a standing proxy under the Corporations Act 2001 and may be required to provide details of your membership in order to implement your instructions.

3.1.12 You will generally be able to participate in corporate actions which could affect the number of listed securities you hold. Examples include off market share buy backs, rights issues (renounceable and non-renounceable), entitlement offers and capital reconstructions which provide mixtures of cash and scrip alternatives. Where you hold a listed security through Cbus Self Managed which is affected by a corporate action, we may review the nature of the corporate action and determine, at our sole discretion, whether you can make an election in relation to that action. If you are permitted to make an election and you do so, the custodian is appointed to give all relevant instructions on your behalf.

3.1.13 If as a result of a corporate action you are entitled to a fraction of a security, we will round that fraction down to the nearest whole number.

3.1.14 A corporate action resulting in the overseas takeover of an Australian domiciled listed security will be processed as a mandatory takeover and sold on the relevant exchange. The proceeds (minus brokerage) will be converted to Australian dollars based upon the relevant foreign exchange rate at the point of settlement and credited to your transaction account.

3.1.15 As part of your Cbus Self Managed registration we make broker research material available to you. No part of these reports is to be construed as a solicitation or advice to buy or sell any stock. The broker, in preparing these reports, has not considered your specific investment objectives, financial situation and particular needs. Before making an investment decision based on these reports, you need to consider, with or without the assistance of an independent investment adviser, whether this investment is appropriate considering your particular investment needs, objectives and financial circumstances.

3.1.16 For all research material provided by UBS, you agree with us (in the context of this clause acting on behalf of UBS) that UBS may give you its Financial Services Guide (‘FSG’) by making its FSG available on a website. This clause also constitutes notice by UBS to you that its FSG is available at www.ubs.com/researchfsg, and you agree that you have or will have read the FSG prior to accessing any research material provided by UBS.

3.1.17 You agree that you will not reproduce, modify, adapt, extract from, or distribute to any other person, any research material made available to you. You acknowledge that the research material is made available for your own personal use subject to clause 15 and any other disclaimers or disclosures contained in the research material.

3.1.18 Cash dividends or distributions will only be paid where investment in the shares or units occurred prior to the ex-dividend date, as determined by the relevant registry. Upon receipt, any dividends and distributions will be paid into your transaction account.

3.1.19 You may make an election to participate in Dividend Reinvestment Plan (‘DRP’) any time. Any such election will apply to any and all stocks that you hold in your account that offer DRP.

3.1.20 Any request to exit Cbus Self Managed will not be processed until you have disposed of any listed securities and any pending settlements, dividends or distributions have been received and credited to your transaction account. If at the time of your request you hold an entitlement in a listed security that is suspended from trading you may request the forfeiture of that entitlement to us.

3.1.21 Tax is payable on trust distributions on a present entitlement basis. Tax will be withheld upon receipt of the distribution. Where estimated trust components are received, tax will be applied to the taxable components. Where no estimates are provided, tax will be applied to the total distribution received for the calendar year. When final distribution trust components are received, these will be applied or adjusted into your Cbus Self Managed transaction account within a reasonable time.

3.1.22 Your investment in listed securities will be eligible for any franking credits, provided your investment in the listed company or trust has been held for at least 47 days including the date the share goes ex-dividend or such longer period as may apply in respect of a particular security. If you have received a franked dividend, but investment in the shareholding has not lasted 47 days (or such longer period as required in respect of a particular security), and you dispose of that stock before the expiration of 47 days, the franking credit entitlement will be reversed from your Cbus Self Managed transaction account.

3.1.23 Upon a Capital Gains Tax (‘CGT’) event, tax parcels will be selected in accordance with a loss maximisation algorithm. All realised CGT is determined at the time of sale according to CGT rules. If the sale has produced a profit, and the investment in the shareholding lasted for less than 12 months, CGT liability is 15%. If it lasted for more than 12 months, CGT liability is 10%. A net CGT liability is calculated daily using a year-to-date position. A physical deduction or refund for CGT will be made at the end of each quarter and will take into account any gains or losses since the previous period and recalculate the financial year to date CGT asset/liability.

3.1.24 Where an investment is sold and the sale has produced a loss (i.e. a realised capital loss), this loss will be carried forward and used to offset any future gains. If you exit the Cbus Self Managed investment option or close your Cbus membership any unused losses will be subject to a credit calculated as 10% of the loss. This amount will be credited to your transaction account. Cbus reserves the right to vary this if the current CGT rules change.

3.1.25 Ancillary benefits such as shareholder or unit holder benefits associated with listed securities are not available.

3.1.26 You will be liable for any calls on stock that are not fully paid at the time of the initial order. For example, a stock that is paid in instalments, if two days prior to the Final Instalment Due Date you do not hold sufficient funds in your transaction account to fund the instalment call, we will sell your instalment receipt at the prevailing market price. The proceeds of the sale less any applicable fees and charges will be credited to your transaction account.

3.1.27 Where you hold securities outside Cbus, you are not currently able to transfer these securities into the Cbus Self Managed investment option. We will inform you should this facility become available.

3.1.28 If your Cbus Self Managed access is revoked you will not be permitted to buy any more listed securities in your account and all instructions you have previously given relating to dividend reinvestment plans or otherwise are automatically revoked. You will not be permitted to give any further instructions or participate in any elective corporate actions in relation to any of your listed securities other than to instruct us to sell them.

3.1.29 The maximum allocation in listed securities and ETFs within Cbus Self Managed is 80% of your total Cbus Super account balance. The maximum allocation to individual ETFs varies for different ETFs. The total that can be invested in any one ETF varies from 10% - 50% of your total account balance depending on the ETFs allocation limit. Your total account balance is the sum of your balances in Cbus Self Managed (including your cash transaction account) and Cbus standard investment options. You will need to read the Cbus Self Managed Investment Guide for information on ETFs and you can visit cbussuper.com.au/cbusselfmanaged for a full listing of ETFs available, including the maximum allocations to individual ETFs.

3.1.30 Listed investment buy trade minimum is $1,500 and the maximum limit is $250,000. There are no limits on selling. There is to be no trading allowable on the same asset in the same day.

3.1.31 Trading in S&P/ASX 300 listed securities is subject to the rules, regulations, customs and practices of ASIC and the ASX (‘Rules’) and that the operation of the service is subject to those Rules.

3.1.32 Execution of orders is subject to a best execution policy. View the UBS policy.

3.2 Term deposits

3.2.1 You must place all orders to buy term deposits using the Cbus Self Managed platform. Written applications will not be accepted under any circumstances. We offer term deposits of varying durations. These terms may not always be exactly 30, 60, 90, 180 or 365 days and will revert to Australian Financial Market Association (‘AFMA’) conventions.

3.2.2 Each term deposit transaction must be $2,000 or more up to a maximum of $5m.

3.2.3 Term deposit rates are published on both www.cbussuper.com.au and Cbus Self Managed platform gross of tax. Any applicable tax treatment and consequent liability will be calculated and deducted from your transaction account at maturity or earlier if your term deposit is redeemed prior to maturity. You should refer to the actual rates on the Cbus Self Managed platform before making any decision to invest.

3.2.4 The cut-off time to request an investment in a term deposit is 11.59pm AEST/AEDT on a Thursday. You may cancel a pending term deposit request at any point prior to this time via Cbus Self Managed. Pending term deposit requests cannot be cancelled after this time.

3.2.5 Investment in term deposits is generally made weekly on a Friday. However offer periods may not always start on Friday due to public holidays or other circumstances, in which case investment may occur on the next business day, or on another day as required by AFMA convention.

3.2.6 Interest earnings commences the day your term deposit starts and is calculated up to the maturity date using term deposit balance at that date multiplied by the annualised rate divided by the number of days you are invested. On maturity at the end of the term deposit period your term deposit balance and interest earnings are credited to your transaction account.

3.2.7 We will not be responsible for any delay in investment relating to term deposits made available on Cbus Self Managed.

3.2.8 There are no brokerage fees associated with investing in term deposits.

3.2.9 Exiting a term deposit prior to maturity is permitted in limited circumstances and subject to you meeting any evidence or eligibility requirements. These include paying a benefit due to your death, permanent incapacity, suffering from a terminal medical condition, your account becoming subject to a family law split notice or you are suffering financial hardship. Upon satisfying a condition to exit prior to maturity the remainder of the term deposit period will be taken over by us. Interest earnings will be calculated on a pro rata basis for the number of days you were invested in the term deposit and will be credited to your transaction account.

3.2.10 Except for the limited circumstances in paragraph 3.2.9 above, any other instructions made to Cbus to transfer or rollover your retirement savings to another account or fund will be made upon the maturity of the term deposit. As a term deposit is considered an illiquid asset (in accordance with superannuation regulations) by accepting these Terms and Conditions you acknowledge these restrictions.

3.2.11 Term deposit investments are not covered by the Government guarantee (‘Financial Claims Scheme’) as they are not held on separate trust for each individual member. The Financial Claims Scheme only applies to super fund members if the trustee holds bank deposits with an approved authorised deposit-taking institution (‘ADI’) on separate trust, which it treats as different ‘account-holders’.

3.3 Managed Investments

3.3.1 Managed Investments allows members to select from a selection of specialist investment options. Information on Managed Investments will be provided by Cbus. Within Managed Investments, there are different investment types you can choose including Cbus Self Managed Property and Cbus Self Managed Infrastructure. You will need to read the Cbus Self Managed Investment Guide for information on each investment type, including fees and costs you may be charged, risks and benefits, and restrictions on how and when you can invest.

3.3.2 We reserve the right to halt applications and redemptions from Managed Investments without notice.

3.3.3 You will only be able to apply for or redeem Managed Investments on a quarterly basis. As these windows will change slightly on a year-by-year basis, the exact application and redemption windows will be updated on www.cbussuper.com.au/super/my-investment-options/cbus-self-managed. Redemptions outside of these windows are only permitted due to death, disability, terminal medical condition, family law splits and financial hardship. Any request you make to transfer your super to another account or fund may be delayed until your investments can be cashed as they are considered an illiquid in accordance with superannuation regulations (SIS Regulation 6.34A). By accepting these Terms and Conditions you acknowledge these restrictions of Managed Investments.

3.3.4 For each Cbus account that you hold, the maximum that you can allocate to Cbus Self Managed Property or Cbus Self Managed Infrastructure is 30% of your total Cbus account balance or 50% in total. Your total account balance is the sum of your balances in Cbus Self Managed and standard Cbus investment options or standard Cbus Super Income Stream investment options for each individual account.

3.3.5 Distributions for units held in Cbus Self Managed Property and Cbus Self Managed Infrastructure are typically made after the end of the six-month period that follows the six-month period to which the distribution relates.

3.3.6 Distributions for units held in Cbus Self Managed Property and Cbus Self Managed Infrastructure are automatically re-invested.

4.0 Cbus Investment Hub

4.1 Cbus Investment Hub combines the investment summary, news and research that you are used to into an easy to access single view. We are also adding new content and giving you the ability to customise the news content and notifications that you see.

A short site tour demonstrating the new features of the Cbus Investment Hub is available when you first access Cbus Self Managed. Should you have any questions please contact us at 1300 361 784.

So that the new functionality can work we have had to update our terms and conditions which you must accept before utilising Cbus Self Managed.

5.0 News and Research

5.1 The information, including but not limited to news articles, research, calculations and tools, provided in the Cbus Investment Hub by Cbus and our service providers is general information only and is not intended to represent financial product advice. The information does not consider your individual objectives, financial situation and needs.

You should assess whether the information is appropriate to you and consider seeking advice from a financial adviser before making any investment decision.
The relevant Cbus Product Disclosure Statement and Cbus Investment handbook should also be obtained and considered prior to making any investment decision. Copies of these documents are available from our website or by calling 1300 361 784. Please note that all investments carry some risk and past performance is not a reliable indicator of future performance.

6.0 Privacy

6.1 Use of Cbus Self Managed is subject to the Cbus Privacy Policy and the Cbus Personal Information Collection Statement which sets out how we collect and disclose personal information. You can also contact us for a copy.

7.0 Disclaimer

7.1 The information provided by Cbus and our service providers is general information only and is not intended to represent financial product advice. The information does not consider your individual objectives, financial situation and needs.

You should assess whether the information is appropriate to you, having regard to your objectives, financial situation and need, and consider seeking advice from a financial adviser before making any investment decision.

The relevant Cbus Product Disclosure Statement, Cbus Self Managed Investment Guide and Cbus Investment handbook should also be obtained and considered prior to making any investment decision. Copies of these documents are available from our website or by calling 1300 361 784. Please note that all investments carry some risk and past performance is not a reliable indicator of future performance.

This document was prepared on 30 November 2023 by United Super Pty Ltd ABN 46 006 261 623 AFSL 233792, Trustee of the Construction and Building Unions Superannuation Fund ABN 75 493 363 262 offering Media Super products.

Annexure A - Subscription alerts

Last Updated 30 November 2023

The following terms apply where you elect to receive alerts via the Cbus Self Managed platform (Alerts).

1. Information available via Alerts has been prepared without considering any investor’s objectives, financial situation or needs, and investors should, before acting on the information in the Alerts, consider the appropriateness of the information, having regard to their objectives, financial situation and needs. You acknowledge that any information you obtain through any Alert is either factual information or general financial advice and does not constitute personal financial advice.

2. Information contained in or made available via Alerts is prepared by third parties (including Morningstar and UBS) (Alert Content) and is made provided on a “pass through” basis. We do not create or verify any Alert Content and we are not responsible for the accuracy, completeness or timeliness of any Alert Content.

3. Alert Content is either factual information or general financial advice only and does not constitute personal financial advice.

4. Alerts are provided for your information only and should not be relied upon in any way including for taxation, investment or any other advice purposes.

5. Alerts are not sent to you in real time, and you acknowledge and agree that there will be a delay between market movements or other subjects of an Alert, and the time that the Alert is made available to you. As such, you acknowledge and agree that the information contained in an Alert may not be current at the time of receipt.

6. You agree that Cbus is not liable to you for any interruptions to access to Alerts including but not limited to problems with internet service providers; telecommunications services; computer hardware or software; or any problems sending or receiving electronic communications.

7. You acknowledge that your access to Alerts depends on factors outside the control of Cbus, including any disruption, failure or malfunction in the internet service. Access may also be limited or unavailable during periods of peak demand, systems interference, damage or maintenance, or for various other reasons.

8. Cbus reserves the right to suspend or discontinue the Alerts at any time without notice.

9. Subject to any rights implied by law, or which cannot be excluded by agreement, Cbus excludes all liability in contract, tort or otherwise relating to or resulting from use of any Alert and for any loss incurred by you or a third party as a result of or arising out of any inaccuracy, delay in, omission from, or failure of any Alert, or your reliance on information provided via an Alert.

10. If you have requested an Alert to be sent to you by email, it is your responsibility to ensure that the email address you have provided is up to date and able to access the Service. You may update your current email address online at any time.

Cookies

If you visit our website, information will be collected which does not identify you. That information is related to your internet service provider, the date and time of visit and the page(s) visited.

Our website will also collect cookies during your visit. A 'cookie' is a piece of data stored on a computer tied to information about the user.
Cbus and our service providers use cookies on the secure (HTTPS) and unsecured (HTTP) sites to obtain information regarding the use of the website, to enable functionality and to record user preferences. By using this website you agree to Cbus' use of technology of this type.

You can configure your preferences and options in your browser to reject all cookies, however this means you will be unable to view secure pages that require authentication.

How do you access the personal information we hold about you? What if your personal information is inaccurate?

You have the right to request access to the information we hold about you. If your personal information is inaccurate, you have the right to request to have the information corrected.

Requests for access to your information or requests for your information to be corrected should be made to the Customer Service Consultant:

• By phoning the Cbus Service Centre on 1300 361 784
• by emailing cbusenq@cbussuper.com.au
• In writing to Cbus, Locked Bag 5056, Parramatta NSW 2124.

If you believe that your Member Number or Password have been compromised, lost or misplaced please contact us immediately by telephone 1300 361 784 or email csm@cbussuper.com.au