Why Cbus?

Built by workers, for workers

With a history of strong long-term performance, we’re the leading Industry Super Fund for the building, construction and allied industries.

We’re a long-standing superannuation fund that helps our members build a secure future. Year after year, our default investment option, Growth (Cbus MySuper) has performed better than the industry average.

Our wholly-owned property development company, Cbus Property, invests in property developments across Australia, creating jobs for the building, construction and allied industries.

Average return^ per annum
9.16%
over the last 32 years
Members
742,000
As at 31 March 2017
Cbus Property has created over
75,000
direct jobs*
Employers
128,000
As at 31 March 2017

Cbus benefits

1. Choose how you invest

Tailor your investment options with a risk level that suits you

2. Value for money

Maximise your super with strong, long-term performance, and competitive fees

3. Insurance for financial security

Our flexible insurance options will help keep you covered, for life and disability.

See how we stack up

See what independent research house SuperRatings has to say about Cbus. 

The SuperRatings’ Fundamentals Report* includes an overall assessment on our:

  • Cbus’ investment performance
  • fees and charges
  • insurance covers and costs
  • member servicing
  • administration
  • governance.

Cbus MySuper - SuperRatings Fundamentals report (PDF)

Cbus Industry Super - SuperRatings Fundamentals report (PDF)

Cbus Sole Trader Super - SuperRatings Fundamentals report (PDF)

Cbus Personal Super - SuperRatings Fundamentals report (PDF)

*While Cbus has a commercial relationship with SuperRatings, Cbus has no influence over the research results and overall ratings and does not accept responsibility for any loss or damage caused by this report.

SuperRatings does not issue, sell, guarantee or underwrite this product. Go to www.superratings.com.au for details of its ratings criteria.

We’ve got you covered

As a Cbus member you can access discounted health insurance with HCF, Australia's largest not-for-profit health fund.

With HCF health insurance you’ll enjoy:

  • flexibility to mix and match your hospital and extras cover to suit your needs
  • further 5% discount off the already reduced corporate premiums
  • 100% back on certain claims for dental, optical, physiotherapy, chiropractic and podiatry*
  • immediate claims on extras^ - two and six months waiting periods waived for new members
  • no additional waiting periods for equivalent levels of cover when switching to HCF (excludes hearing aids)
  • no excess for children on any plan
  • no excess for same day procedures on top hospital

HCF's experienced health cover advisers can help you choose the right level of cover for your needs. 

Call 1800 880 049 or visit the HCF website.

*Available at over 10,000 participating HCF providers on selected extras covers. Annual limits apply.
^Available when you take hospital and extras cover. Some longer waiting periods and conditions apply. Excludes all hospital services including the same day excess and ambulance cover.

This information has been provided by Hospitals Contribution Fund of Australia Ltd ABN 68 000 026 746 AFSL 241414 (HCF) and is of a general nature only. Before making a decision regarding HCF products and services, you should read the relevant disclosure documents and any other terms and conditions.  Applications for health cover is subject to HCF terms and conditions, Cbus does not have any authority or influence on the outcome of any application made. Cbus does not recommend, endorse or accept any responsibility for the products and services offered by HCF. The information is correct and accurate as at 6 December 2016.

Male construction worker using his phone

Help wherever you need it

A Cbus Coordinator can visit your work place to provide information and general advice, at no extra cost.

Cbus Coordinators

 

We’re here to help

Call our Cbus Advice Team on 1300 361 784

Press 4 to be connected

8am to 8pm Monday to Friday AEST/AEDT

Email: advice@cbussuper.com.au

Or use our online form to book a time for our Advice Team to call you.

Compare my super growth

See the difference to your account balance of being with Cbus, instead of the average retail super fund, for the past ten years.

Compare Cbus

My investment options

Read more about how you can choose to invest your superannuation with Cbus to make the most of your super for retirement.

Investment options

Check your super anywhere, anytime with Cbus mobile app

Transactions

Check your super is being paid on time.

Account balance

Track your account balance and see your super grow.

Update your details

Keep your details up to date, including a change of address

Site tickets

Store your site tickets to make it easier to check in on site.

RDOs

Add your RDOs to your phone calendar.

Weather

You'll always be one step ahead of the weather.

Get the Cbus app 

Apple and Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

 

Google Play is a trademark of Google Inc.

 

Join Cbus

Together, let's build a better future

 

Superannuation fees and charges

The information on this page was updated on 14 February 2017 and forms part of the following Product Disclosure Statements:

As a fund built to benefit members, Cbus works to keep all fees and costs as low as possible.

The fees and charges to your account will include:

  • your investment options
  • your individual insurance cover
  • any administration fees
  • any additional activities to your account.
Type of fee Amount How and when paid
Investment fee Nil n/a. More information about the indirect investment cost for each of Cbus’ investment option is provided in the section 'What it costs to manage your investment option'. 
Administration fee $78 per year ($1.50 per week) Deducted from your account at the end of each month or when you close your account.
Buy/sell spread Nil n/a
Switching fee Nil n/a
Exit fee  $35 Deducted from your account on making a partial or full benefit payment from your superannuation account or partially or full roll over to an external superannuation account. 
Advice fees Nil n/a
Indirect cost ratio

The indirect cost ratio varies for each investment option. 

See section below ‘What it costs to manage your investment option’.

For standard Cbus investment options, it is deducted from the crediting rate applied to your account.  

For the Cbus Self Managed investment option, it is deducted directly from your transaction account. 

Other fees and costs

Type of fee Amount How and when paid
Insurance premiums

Manual

  • Death and TPD premiums per unit: $3.58 per week  
  • Death only premiums per unit: $1.33 per week

Non-manual

  • Death and TPD premiums per unit: $3.58 per week
  • Death only premiums per unit: $1.55 per week

Professional

  • Death and TPD premiums per unit: $3.58 per week
  • Death only premiums per unit: $1.55 per week

Electech (industry only)

  • Death and TPD premiums per unit: $2.62 per week
  • Death only premiums per unit: $1.13 per week 

Note: for the costs of Income Protection Cover in Cbus Industry Super and Cbus Sole Trader Super refer to the relevant Insurance Guide and Insurance Handbook.

These charges are deducted from your account monthly.
Family law requests: These are fees charged for any family law requests for information and family law payment splits.

Requests for information: $100

Payment split: $80

Paid by cheque at the time of request.

Paid from the benefit amount to be split at the time of the payment split.

Dishonoured payments fee: Applied if a dishonoured personal contribution is received. $15 It is deducted from your account at the time of the dishonoured payment.
Contribution splitting fee: For couples who want to split their contributions. $55 It is deducted from your account at the time of the contribution split.
Super retirement drawdown fee (partial withdrawal) $20 Deducted from your account when a partial (lump sum) retirement drawdown is made and only applies when you've reached your preservation age and drawing down a retirement benefit. 
Financial Planner Payment Up to a maximum of $7,000 per financial year as negotiated with your financial planner Deducted from your account after the financial advice is provided. See eligibility criteria below.

Cbus may change the fees and costs or introduce new fees without your consent. You will be given at least 30 days' notice before any changes to fees or charges are applied to your super account.

See our fees factsheet (PDF) for more information.

What it costs to manage your Cbus investments

The costs to manage your Cbus investments, and how they impact your account, depend on the type of investment option you select.

For standard Cbus investments these vary for each option and are paid from the investment earnings before they’re added to your account.

When you invest in the Cbus Self-Managed investment option, specific fees and charges apply.

Standard Cbus investment options

The costs are known as ‘indirect costs’ and comprise the investment costs, trustee operating costs and transfers to fund reserves.

Indirect Cost Ratio (ICR)

ICRs are taken into account in the weekly calculation of crediting rates and therefore reflected in the returns allocated to your account through changes in the crediting rates.

Read the Investment handbook (PDF) for more information about crediting rates and the allocation of returns to member accounts.

The amount of investment expenses paid annually for each investment option is calculated at 30 June and takes into account the expenses that have accrued and/or been paid over the year ending on 30 June.

Investment expenses may change from time to time because of changes in performance and/or other fees from year to year. 

Investment option Indirect cost ratio How and when paid
High Growth 0.88% It is deducted from the gross investment returns before Cbus declares its crediting rates, either at the end of the financial year or when you withdraw your money.
Growth (Cbus MySuper) 0.84%
Conservative 0.45%
Cash Savings 0.29%

Investment costs include fees paid to external and internal investment managers, custodians, asset consultants, property management related expenses and bank fees.

Financial Planner Payment Program

The Financial Planner Payment Program allows eligible Cbus members to have fees for personal financial advice deducted from their Cbus account.

The Financial Planner Payment is only payable for personal financial advice that relates to your Cbus account and the advice must be provided by a CERTIFIED FINANCIAL PLANNER (CFP®) who is part of the Cbus & FPA Member Referral Program.

For a Financial Planner Payment to be authorised, you’ll need a minimum of $10,000 in your Cbus Super or Super Income Stream account.

The following fee limits apply:

  • a maximum of two Financial Planner Payments per financial year
  • a maximum total of $7,000 for the provision of financial advice per financial year.

These limits include combined transaction fees from your Cbus Super and/or Super Income Stream account/s.

If you want to deduct a Financial Planner Payment from your Cbus account, your Certified Financial Planner can discuss your eligibility with you and arrange the required forms.

If you’d like to speak to a CFP® contact our Advice Team.

We’re here to help.

Call our Cbus Advice Team
1300 361 784 (within Australia)
8am to 8pm Monday to Friday AEST/AEDT

Further reading

You can read more about fee definitions by clicking on the links below.