Direct Investment option
At a glance
Members can select their own mix from Cash (including term deposits) and Australian shares.
The minimum suggested timeframe will depend on the investments selected by individual members.
- For term deposits: very short term (1 year or less)
- For S&P/ASX 300 Index-listed securities: very long term (7 to 10 years)
- For ETFs and LICs: very long term (7 to 10 years)
$25 per month, plus brokerage which will either be added to the cost on purchase, or deducted from the sale proceeds, of any listed security transactions.
Brokerage and other service fees which may apply to this option are outlined below. Direct Investment option fees are charged in addition to CareSuper’s general member fees.
Likelihood of negative return
Variable - depending on each member’s allocation to listed securities and term deposits and the performance of the investments selected by individual members.
This depends on the mix of investments selected by individual members.
- Term deposits: very low risk – risk band 1#
- The securities that form part of the S&P/ASX 300 Index: very high risk – risk band 7
- ETFs and LICs: very high risk – risk band 7
About the option
CareSuper’s Direct Investment option allows members to invest a proportion of their super in their choice of:
- the securities that form part of the S&P/ASX 300 Index
- a range of exchange-traded funds (ETFs)
- a range of listed investment companies (LICs)
- a range of term deposits.
With a wide variety of available investments, sophisticated online access and up to date market information, the Direct Investment option gives you the flexibility to become more actively involved in managing your super.
When you select the Direct Investment option, a cash account will be created, where transactions will be settled, brokerage charged and any interest, the relevant dividends, distributions, franking credits, capital gains or losses and tax liability paid.
Most suitable for
The Direct Investment option is suitable for members who are comfortable taking an active role managing their super investment.
This option aims to provide members with the choice and flexibility to manage part of their super.
To be eligible to invest in the Direct Investment option, you must have a minimum of $10,000 in your CareSuper account and observe certain rules relating to minimum and maximum investment levels. You should read the Investment Guide for details and decide whether this investment option is right for you before investing in this option.
How to open an account in the Direct Investment option
- Log in to MemberOnline. If you don’t have an account yet, register here. You will need your member number to register.
- Click on the link to the ‘Investments’ page. Follow the instructions on how to register for the Direct Investment option.
- Once you have successfully registered, you will be provided with instructions on how to access your account. You can transact in the Direct Investment option once you have transferred enough money to your cash account (minimum $500). If your request to transfer funds into your cash account is received before midnight Friday (AEST), it will usually be processed on the following Wednesday.
Here’s the full list of investments available through the Direct Investment option:
To view a current list of the securities listed on the S&P/ASX 300 Index, visit the official S&P/ASX 300 Index page where you can find the full constituents list.
To buy and sell listed securities in Direct Investment Online, simply search for the company name or ASX code of the security you want to trade.
|Listed Investment Company||Asset class||ASX code|
|Australian Foundation Investment Company Ltd||Australian shares||AFI|
|Future Generation Global Investment Company Ltd||International shares||FGG|
|Future Generation Investment Company Ltd||Australian shares||FGX|
|Hunter Hall Global Value Ltd||
(with an ethical overlay)
|MFF Capital Investments Ltd||International shares||MFF|
|Milton Corporation Ltd||Australian shares||MLT|
|Mirrabooka Investments Ltd||Australian shares (small caps)||MIR|
|Platinum Capital Ltd||International shares||PMC|
|WAM Capital Ltd||Australian shares||WAM|
|1 month||3 months||6 months||12 months|
^Interest rates current at 26 June 2017. These rates are subject to change - please log into Direct Investment Online to view the latest rates. Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments.
Before you invest - register for MemberOnline and provide us with your email address
Transactions in the Direct Investment option are made through Direct Investment Online - a sophisticated online portal that connects from CareSuper MemberOnline, allowing you to manage your investment in this option at the click of a button.
$25 per month. The fee is calculated and deducted from your account monthly on the last Friday of every month for members registered in the Direct Investment option. Please note that this fee will be applicable as soon as you register for the Direct Investment option and not once you commence investing in this option. It is payable monthly as long as your cash account is open, even if your cash account balance is zero.
Brokerage will either be added to the cost on purchase, or deducted from the sale proceeds, of each transaction.
|Trade amount||Brokerage fees^ (including GST)|
|$0 – $4,167||$13.75|
|$4,168 – $10,000||0.33%|
|$10,001 – $30,000||0.22%|
|$30,001 – $50,000||0.20%|
|$50,001 – $100,000||0.17%|
|$100,001 – $10,000,000||0.11%|
^ Brokerage fees in the above table have been rounded up to 2 decimal places.
Other service fees
|Type of fee or cost||Amount and frequency|
|Direct Investment option tax calculation fee||$150 one-off fee applies if you request that CareSuper calculates any tax adjustments you are owed when you sell your investments and leave CareSuper before the end of financial year tax adjustment.|
|Fee for breaking a term deposit prior to maturity||
If you hold a term deposit in the Direct Investment option and you request to break it before it matures, the term deposit provider may charge a fee or reduce the interest you receive.
Contact CareSuper to find out more about the specific fee or interest reduction that may be charged by a particular term deposit provider.
A request to break a term deposit prior to maturity is subject to the approval of the term deposit provider and the Term Deposit Terms and Conditions (available online through Direct Investment Online). Any request to break a term deposit before the agreed maturity date must be made directly to CareSuper in writing 45 days in advance.
|Investment fees applicable to ETFs and LICs||0.07% - 1.77%. The fees paid will depend on the ETF(s) or LIC(s) selected by individual members. These fees are not deducted directly from your account and are reflected in the value of the ETF or LIC investment or the ETF's or LIC's returns.|
Find out more
Before deciding to invest in this option, read the CareSuper Investment Guide available here.
As with any investment decision, you should consult a financial planner before investing in this option. The financial planners can give you advice about your overall risk profile, however they cannot give you advice about individual securities or term deposits available via the Direct Investment option. Before investing in a listed security you should obtain and consider the product disclosure statement or other disclosure document available from the website of the security issuer.
*Financial planning is offered through CareSuper's relationship with Industry Fund Financial Planning, a division of Industry Fund services Pty Ltd (IFS), ABN 54 007 016 195, IFS's AFSL 232514. Advice is provided under the authority of IFS's AFS Licence. Please note: an Industry Fund Financial Planner cannot give you advice about individual stocks.
#It can take up to 45 days to break a term deposit before its pre-determined maturity date, which has the potential to increase the liquidity risk of this type of investment.