Home' Australian Ageing Agenda : AAA Mar-Apl 2013 Contents This material is issued by H.E.S.T. Australia Ltd ABN 66 006 818 695 AFSL No. 235249, the Trustee of Health Employees Superannuation Trust Australia (HESTA)
ABN 64 971 749 321. Information provided is of a general nature. It does not take into account your objectives, financial situation or specific needs.
You should look at your own financial position and requirements before making a decision and may wish to consult an adviser when doing this. This
information contains H.E.S.T. Australia Ltd's interpretation of the law but should not be relied upon as advice. For more information, free call 1800 813 327
or visit hesta.com.au for a copy of a Product Disclosure Statement which should be considered when making a decision about HESTA products.
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
ato.gov.au/superseeker and unclaimedsuper.com.au
if you've ever had more than one job, changed your
name or address.
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 account details.
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 rollover form at 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 your request.
Details about acceptable ID and those people who
are authorised to certify documents are outlined in
the rollover form.
For more information on HESTA, your health and
community services industry super fund, visit
hesta.com.au or free call 1800 813 327.
Don't give your money away, roll over!
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 nest egg.
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.
Agency and other compliance
authorities have not yet worked
out what to do when an older
person wants to make their own
decisions and take reasonable
risks each day to live the way they
want to. This is why older people
fear residential care so much. They
fear it is a controlling institution
involving loss of their dignity and
right to live as free people.
Unless this attitude on the part
of the authorities can change,
all the countless audit reports
received by Warrigal Care and
other providers in the industry
-- following on from the regular
devaluing and disempowering
unannounced audit visits of every
aged care home in Australia
each year -- will bear little actual
relevance to the outcome of
improving the enjoyment of life for
THE WISH LIST
The government's establishment
of the new Australian Charities
and Not-for-profits Commission
(ACNC) to regulate non-profit
organisations across Australia
begs the question: will it become
another unfunded regulatory
burden on already lean and
efficient human services?
Hopefully it will not be used
for controlling purposes, but
instead to recognise the millions
of staff and volunteers serving
disadvantaged people, many
across regional and remote areas
I call upon the government to
get serious about its otherwise
excellent aged care reforms
proposed for the aged care
sector and in particular to ensure:
• that there is adequate funding
for the sector to meet the real
costs of providing quality care;
• that providers are permitted
flexibility to meet the needs of
their residents and clients in a
way that suits the customers;
• that the Aged Care Standards
and Accreditation Agency
changes its processes from
hospital style, technical, clinical
auditing to a holistic care model
in keeping with people living well
in a homelike environment with
dignity and reasonable risk, and
• that the new ACNC makes it
easier, not harder, for charities
to meet the needs of their local
If the government can do
these things, we will all be better
off as we all get older! n
Alan Hardy is chairman and
director of Warrigal Care.
"I find it very disappointing
that organisations are
effectively punished for
improving the quality of life
for older people."
www.australianageingagenda.com.au | 17
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