Home' Australian Ageing Agenda : AAA Jul-Aug 2012 Contents Issued by H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249, Trustee of Health Employees Superannuation Trust Australia (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 so you
should look at your own financial position and requirements before making a decision. You may wish to consult an adviser when doing this. Consider
a Product Disclosure Statement before making a decision about HESTA products. Free call 1800 813 327 or visit hesta.com.au for copies.
You've earned your super so, when the time
comes, make sure that you get to enjoy every
cent of it. This means making the most of
what you have.
One of the ways you can do this is to make
sure you have only one super account. That's
because super funds charge fees. So, the
more accounts you have, the more fees
you're likely to be paying.
And if like the average working Australian,
you have extra super accounts, the multiple
fees could be eroding your retirement
Plus, you're losing the chance to earn future
compound interest (interest earned on
interest) on any fees saved, which helps grow
your super over time.
So, rolling over -- or consolidating -- your
super into one account makes sense and it
could mean more money to retire on. Simply
follow these simple steps!
1. Find your lost super
One in two Australians have lost super with
billions of dollars just waiting to be claimed.
It's worth doing a quick check at
www.unclaimedsuper.com.au if you've ever
had more than one job, changed your name
2. Gather your super account details
Find statements for all your super accounts
or call each of the funds you're with
and ask for your member number and
3. Know your benefits
While you're talking to each fund ask them
what benefits -- such as insurance -- you're
receiving through them. Compare the
benefits and fees to work out which fund
suits your needs best.
4. Fill in the form
Download a transfer form from
hesta.com.au/consolidate or free call
1800 813 327 for a copy.
Complete one form for each account you'd
like to roll into HESTA, along with a copy of
certified identification (ID) documents for
each fund you want to rollover. We'll get
things moving, although your other fund(s)
may contact you to confirm the rollover.
5. Get your ID certified
All copied pages of original proof of ID
documents need to be certified as true
and correct copies. This is very important
to protect your super account(s) and to
ensure that there isn't a delay in processing
Details about acceptable ID and those people
who are authorised to certify documents are
outlined in Your rollover guide.
For more information on HESTA, your health
and community services super fund, visit
hesta.com.au or free call 1800 813 327.
Don't give your money away, roll over!
THE FORMER CHIEF of the
Defence Force and 2011
Australian of the Year, General
Peter Cosgrove, has just taken
his seat at the Leading Age
Services Australia (LASA) table
as the inaugural chair of the new
peak body's board of directors.
General Cosgrove, who
officially began his new role on
1 July, will bring his leadership
expertise, network of contacts,
and a personal experience of
navigating the aged care system
to LASA at a crucial point in the
new organisation's existence.
Having only officially launched
in late-May, LASA now faces the
challenge of attracting members and
providing one unified voice for both
private and not-for-profit providers.
"The creation of LASA comes
at a most critical time for our
nation, not just for the current older
Australians, but for all generations
in our society," General Cosgrove
stated, in a speech he wrote that
LASA founding board member,
Marcus Riley, read at the LASA
launch in Canberra in May.
"I assure you of my absolute
personal commitment to
working for better outcomes for
older Australians, and strongly
representing the interests of the
organisations who provide care,
services and accommodation to
them. Such representation will
be for all members of our sector,
regardless of organisation type."
According to the general, he
was "immediately impressed with
the strategic objectives of those
who founded LASA, as well as
their values, commitment and
passion for the aged care sector,
and to whom they serve".
"These providers and those to
whom they offer services deserve
a better aged care system to work
within and LASA, by our effective
collaboration with all industry
stakeholders -- both government
and non-government -- will strive
to deliver that enhanced system."
The address also cited his
"extensive personal experience
with the aged care industry,
from a family perspective and
professionally" leading to his
having "long maintained a high
admiration for providers of aged
LASA was formed by Aged
and Community Care Victoria
(ACCV), Aged Care Association
Australia (ACAA) and Aged Care
Queensland (ACQ) earlier this
year with the aim of providing one
unified voice for both private and
ACAA President and LASA
founding board member, Bryan
Dorman, said the appointment was
a coup for the new organisation.
"We are very fortunate General
Cosgrove accepted the position as
chair of our board," Mr Dorman said.
"He was a prime candidate
for his knowledge of the industry
landscape and his demonstrated
ability to advocate on behalf of
numerous noteworthy organisations
throughout the country."
ACCV president, Valerie Lyons
also commented that General
Cosgrove was ideal to chair the
new LASA Board, as he was an
exceptional leader with a proven
record of success.
"I am very confident he will be
able to replicate the success he has
achieved throughout his career, and
that he will be a powerful advocate
for Australia's age services sector in
this new role," Ms Lyons said. n
By Stephen Easton
General Peter Cosgrove
When the general talks...
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