Super eUpdate - anz.com.au · Super eUpdate December 2009 Highly rated ANZ Super Advantage is a market leading employer superannuation solution and highly rated in the super industry.

Super eUpdateDecember 2009

Highly ratedANZ Super Advantage is a market leading employer superannuation solution and highly rated in the super industry. It has received the following ratings and awards.

• ‘Five Quality Star Rating’ 2009/10, by The Heron Partnership

• ‘5 apples’ from Chant West for ING’s OptiMix Manage the Managers process

• ‘AAA Selecting Super Quality Rating’.

ANZ acquisition of ING AustraliaAs you are probably aware, since 2002, ING Australia has operated as a joint venture, owned 49% by ANZ and 51% by ING. The trustee of ANZ Super Advantage is ING Custodians Pty Limited, which is a subsidiary of ING Australia. In late September, it was announced that ANZ would buy ING’s share of ING Australia. This transaction was recently finalised and ANZ now owns 100% of ING Australia.

The aquisition of ING Australia significantly strengthens ANZ’s position in wealth management and provides opportunities to pursue future growth.

Importantly, there will be no change to the service and policy commitments we currently have in place with you and we look forward to continuing to provide you with market-leading super solutions.

You’re in good company

Multi-Manager

For more information visit www.heronpartners.com.au, www.chantwest.com.au and www.selectingsuper.com.au

1

Allan Hansell, Senior Manager of Government and Regulatory Affairs with ING Australia, discusses ING’s involvement in Modern Awards and other developments from Canberra.

Modern Awards – what does it mean for super?You may be aware that, as part of its industrial relations reforms, the Federal Government has requested that the Australian Industrial Relations Commission establish a set of Modern Awards (approximately 150) to replace thousands of existing awards. The Modern Awards will take effect from 1 January 2010.

As well as covering wages and conditions of employment, the Modern Awards specify a selected range of superannuation funds, one of which the employer must use as its default superannuation fund if its workers are covered by a Modern Award. A default fund established after 12 September 2008 will not comply with the Modern Award specifications, unless the former super fund you used ceased to exist and the new fund was established by successor fund transfer.

The Modern Awards also require that any voluntary member contributions which you remit for employees who are covered by a Modern Award be paid within 28 days of the end of the month in which the deduction from the employee’s after-tax wages was authorised.

ING Australia has taken a strong interest in the Australian Industrial Relations Commission’s (AIRC) processes around the setting of default fund arrangements in Modern Awards. In particular, we’ve tried to influence the process so that the new superannuation provisions of the Modern Awards make life as easy as possible for employers with workers on Modern Awards.

Cooper Review of Australia’s superannuation system – an opportunity for improvement for employers?The Federal Government’s long awaited review of the superannuation system has commenced with the Chair of the Review, former ASIC Deputy Chair Jeremy Cooper, announcing a three phased approach to the review of the system. Phase one is underway and will consider issues of superannuation fund governance. Phase two which commenced in October 2009 will consider issues of operation and efficiency, and the third phase – on superannuation fund structure – commences on 14 December.

ING Australia will be using phase two of the review, along with the government’s consideration of a superannuation clearing house, to suggest ways of streamlining employers’ contributions to superannuation funds on behalf of their employees. We will also be submitting that default funds nominated in Modern Awards should be the subject of a rigorous selection process so that employers and employees can reasonably expect their fund to perform for them.

ING Australia has already completed its phase one submission which can be accessed at www.supersystemreview.gov.au > content > submissions, should you or any of your employees be interested.

Intra fund adviceASIC has recently granted relief to trustees, enabling them to provide limited-scope advice where the advice is sought by superannuation members on switching investment funds within the fund.

ING Australia already provides factual information and some limited general advice to customers. We are working through the detail of the ASIC relief to understand what it means for ING Australia and our customers.

We are constantly exploring ways and implementing measures to relieve the need for employers to have to address the superannuation concerns of their employees.

What’s happening in Canberra A regulatory snapshot

Modern AwardsAre your default super fund arrangements affected?As your employer super plan was established with ANZ Super Advantage prior to 12 September 2008, it is not impacted by the Modern Award super requirements and you may continue to make Superannuation Guarantee (SG) contributions for all of your current and future employees.

In other words, you do not need to do anything.ANZ Super Advantage will continue to provide you with a flexible super solution to suit the needs of you and your employees. By keeping your default super plan with ANZ Super Advantage, you and your employees will continue to have access to:

• a highly rated super solution

• a wide range of investment funds

• comprehensive insurance options

• competitive fees

• online education and transaction services

• an exclusive package of discounted banking benefits, fee savings, bonus interest and rewards through anz@work.

For information on the non-superannuation effects of Modern Awards, visit www.fwa.gov.au

2

Super update

There have been a number of regulatory changes to super in 2009. These are important changes for both you and your employees to be aware of, as they may impact an individual’s retirement savings. Some of the key changes are outlined below.

Superannuation Guarantee Ordinary Time EarningsThe definition of what constitutes Ordinary Time Earnings (OTE) has undergone a number of revisions in recent times. OTE are used to calculate the amount of SG contributions to be made to your employees’ accounts.

Key clarifications include:

• Overtime is not included in OTE

• Parental leave is not currently included in OTE (review to be completed in 2013).

It is important that you are up-to-date with the correct OTE definition to ensure you are meeting your employer super obligations and avoiding penalties.

OTE can include bonuses, provided they are not solely related to working overtime, but does not include items such as leave payments paid as a lump sum upon termination of employment, payments relating to overtime, redundancy payments, jury duty and maternity or paternity leave.

Reportable Employer Super ContributionsFrom 1 July 2009, employers are required to track and report the ’Reportable Employer Superannuation Contributions’ (RESC) they make for an employee. RESC include all employer contributions made for the employee for which the employee had the ability to influence the amount. These include salary sacrifice contributions but not SG contributions.

RESC are required to be reported in your payment summary reporting.

RESC are included as income when calculating an individual’s eligibility for certain government payments and programs including the government co-contribution, income support payments, family assistance, child support and certain tax offsets.

Delayed super co-contribution payments for 2008/09Due to system problems within the Australian Taxation Office (ATO), some super co-contributions were not paid to super funds before the end of the 2008/09 financial year.

The bulk of the backlog has been cleared.

Those affected will receive co-contribution credit interest on any payment that has been delayed, at the rate specified by the Reserve Bank of Australia. This interest will be paid as an additional co-contribution to their super fund.

For more information, you or your employees can visit the ATO website at www.ato.gov.au

A note from Customer ServicesContribution tips for members aged 65 or over It’s important to make sure you’re aware of how your employer super obligations change when an employee turns 65. Please ensure any contributions you make to ANZ Super Advantage follow the rules outlined below.

Aged at least 65 but under 70 Contributions can be made by you, your employee and their spouse provided that the member has met the ’Work Test’. If the employee has not met the ‘Work Test’ for that financial year, then a contribution can only be accepted if it is a mandated employer contribution*.

Aged at least 70 but under 75 Contributions can be made by you and your employee provided that the member has met the ’Work Test’.

After an employee turns 70, you are not mandated to make SG contributions (one kind of ‘mandated employer contribution’), but may do so if the payment relates to a period when the employee was under age 70. Contributions need to be received within 28 days of the end of the month in which the employee turns 75.

If the employee has not met the ‘Work Test’ for that financial year, then a contribution can only be accepted if it is a mandated employer contribution*.

Aged 75 and over If an employee is 75 years of age and over, only mandated employer contributions* can be made, unless the contribution is made within 28 days of the end of the month in which the employee turned 75.

The Work TestThe ‘Work Test’ means the employee has been gainfully employed (employed or self-employed for gain or reward in any business, trade profession, vocation, calling, occupation or employment) for at least 40 hours during any 30 consecutive day period in that financial year. * A ‘mandated employer contribution’ is one made by, or on behalf of, an employee which:

– reduces the employer’s potential liability for the Superannuation Guarantee Charge – is a payment of a shortfall component – is a contribution to satisfy the employer’s obligation under an agreement certified, or an award

made, on or after 1 July 1986 by an industrial authority.

For a complete overview of the 2009/10 Federal Budget changes and how they affect superannuation, visit www.anz.com/wealth/super

3

ANZ Super Advantage – supporting you and your employeesYour employees have access to a range of tools and resources to help them understand and take control of their super. By making the following available directly to your employees we aim to support you as their employer with your superannuation obligations:

• Member Update – containing superannuation and investment tips as well as market and economic analysis, topical articles and overviews of legislative changes affecting super.

• Online – at www.anz.com/wealth/super where your employees can learn more about their ANZ Super Advantage account.

• ANZ website – stay up to date with the latest information on investing at www.anz.com > Investments & Advice > Education > Investing.

• Financial advice – ANZ Super Advantage members have access to quality financial planners who can provide advice appropriate to your employees’ personal situation.

Do your employees know what’s available to them through their super? They can manage their account online, access superannuation news, tools and resources. All they need to do is login to Investor Access at www.anz.com/wealth/super

They can also access an exclusive package of discounted banking benefits, fee savings, bonus interest and rewards through anz@work.

What’s new?Enhancements to benefit you and your employeesANZ Super Advantage enjoys excellent ratings from independent research houses. This is a testament to our commitment to provide you and your employees with a market-leading super solution.

During the course of 2009, a number of enhancements have been made to ANZ Super Advantage:

• Four new investment funds for members to choose from, were added in late April 2009

• New insurance arrangements and improved terms and conditions have been available to members since January 2009, including:

– higher amounts of maximum cover:

• unlimited amount of Death Cover

• Total and Permanent Disablement (TPD) Cover up to $3 million

• Group Salary Continuance (GSC) Cover of up to $25,000 per month

– superior TPD definitions

– TPD Continuation Option

– reduction in minimum working hours requirement in order to qualify for GSC cover.

And, depending upon your plan’s insurer, some members may have experienced premium rate reductions since April 2009. This would have been evident from this year’s Annual Statement.

4

ING Australian Shares ING Balanced ING Blue Chip Imputation ING Capital Guaranteed

ING Capital Stable ING Cash ING Diversified Fixed Interest ING Global Emerging Markets

● Australian shares 12.10● International shares 0.10● Australian fixed interest 32.40● International fixed interest 18.50● Property 0.00● Cash 36.90● Other 0.00

● Australian shares 0.00● International shares 0.00● Australian fixed interest 15.60● International fixed interest 0.00● Property 0.00● Cash 84.40● Other 0.00

3 months 5.926 months 8.091 year (%) p.a 3.112 years (%) p.a 0.603 years (%) p.a 3.005 years (%) p.a 5.14

3 months 0.676 months 1.071 year (%) p.a 2.962 years (%) p.a 4.223 years (%) p.a 4.595 years (%) p.a 4.59

ING Global Property Securites ING Global Shares ING High Growth ING Managed Growth

● Australian shares 53.00● International shares 46.80● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.20● Other 0.00

3 months 14.106 months 23.361 year (%) p.a -2.962 years (%) p.a -12.453 years (%) p.a -4.345 years (%) p.a 3.70

ANZ Super Advantage asset allocation and fund performanceOpen funds – as at 30 September 2009

● Australian shares 0.00● International shares 0.00● Australian fixed interest 45.20● International fixed interest 54.40● Property 0.00● Cash 0.40● Other 0.00

3 months 2.956 months 3.171 year (%) p.a -0.192 years (%) p.a 1.573 years (%) p.a 1.665 years (%) p.a 3.70

● Australian shares 0.00● International shares 99.60● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.40● Other 0.00

3 months 11.246 months 26.311 year (%) p.a -0.232 years (%) p.a -13.973 years (%) p.a -1.675 years (%) p.a 8.97

● Australian shares 0.00● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 92.00● Cash 8.00● Other 0.00

3 months 28.696 months -1 year (%) p.a -2 years (%) p.a -3 years (%) p.a -5 years (%) p.a -

● Australian shares 0.00● International shares 99.20● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.80● Other 0.00

3 months 10.036 months 16.581 year (%) p.a -8.782 years (%) p.a -14.713 years (%) p.a -10.295 years (%) p.a -1.60

● Australian shares 38.30● International shares 24.40● Australian fixed interest 12.80● International fixed interest 7.70● Property 9.30● Cash 6.20● Other 1.30

3 months 13.396 months 20.121 year (%) p.a -2.222 years (%) p.a -8.463 years (%) p.a -1.615 years (%) p.a 4.89

● Australian shares 41.60● International shares 22.40● Australian fixed interest 16.70● International fixed interest 0.50● Property 5.20● Cash 12.20● Other 1.40

3 months 11.386 months 15.881 year (%) p.a -0.982 years (%) p.a -6.253 years (%) p.a -0.175 years (%) p.a 5.27

● Australian shares 99.50● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.50● Other 0.00

3 months 22.826 months 34.821 year (%) p.a 7.072 years (%) p.a -8.913 years (%) p.a 2.945 years (%) p.a 10.51

● Australian shares 99.20● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.80● Other 0.00

● Australian shares 0.00● International shares 0.00● Australian fixed interest 38.60● International fixed interest 0.00● Property 0.00● Cash 61.40● Other 0.00

3 months 19.756 months 29.011 year (%) p.a 6.832 years (%) p.a -9.993 years (%) p.a 2.255 years (%) p.a 9.50

3 months 0.626 months 1.391 year (%) p.a 3.782 years (%) p.a 4.653 years (%) p.a 4.905 years (%) p.a 5.07

5

ING Mortgages* ING Property Securities ING Select Leaders ING Sustainable Investments

– Australian Shares

OptiMix Australian Fixed Interest OptiMix Australian Shares OptiMix Balanced OptiMix Conservative

● Australian shares 0.00● International shares 0.00● Australian fixed interest 64.41● International fixed interest 0.00● Property 0.00● Cash 35.59● Other 0.00

● Australian shares 98.23● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 1.77● Other 0.00

3 months 2.736 months 2.721 year (%) p.a 7.602 years (%) p.a 6.403 years (%) p.a 4.925 years (%) p.a 4.56

3 months 21.366 months 35.011 year (%) p.a 7.052 years (%) p.a -9.273 years (%) p.a 2.225 years (%) p.a 9.65

OptiMix Geared Australian Shares

OptiMix Global Emerging OptiMix Global Shares

OptiMix Global Smaller Markets Shares Companies

● Australian shares 0.00● International shares 98.20● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 1.80● Other 0.00

3 months 10.316 months 14.051 year (%) p.a -12.342 years (%) p.a -15.593 years (%) p.a -9.365 years (%) p.a -0.67

● Australian shares 34.99● International shares 25.32● Australian fixed interest 8.83● International fixed interest 7.59● Property 8.00● Cash 13.24● Other 2.03

3 months 13.786 months 21.181 year (%) p.a 2.212 years (%) p.a -6.953 years (%) p.a -0.175 years (%) p.a 5.55

● Australian shares 14.91● International shares 14.75● Australian fixed interest 27.02● International fixed interest 10.88● Property 5.49● Cash 26.95● Other 0.00

3 months 8.056 months 11.391 year (%) p.a 5.312 years (%) p.a -0.433 years (%) p.a 2.325 years (%) p.a 4.80

● Australian shares 98.23● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 1.77● Other 0.00

3 months 43.826 months 88.771 year (%) p.a -1.592 years (%) p.a -26.533 years (%) p.a -5 years (%) p.a -

● Australian shares 0.00● International shares 93.40● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 6.60● Other 0.00

3 months 9.976 months -1 year (%) p.a -2 years (%) p.a -3 years (%) p.a -5 years (%) p.a -

● Australian shares 0.00● International shares 97.34● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 2.66● Other 0.00

3 months 11.996 months 21.031 year (%) p.a -10.172 years (%) p.a - 15.323 years (%) p.a -8.015 years (%) p.a 0.67

● Australian shares 0.00● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 99.50● Cash 0.50● Other 0.00

3 months 26.786 months 54.251 year (%) p.a -11.622 years (%) p.a -23.843 years (%) p.a -11.835 years (%) p.a -0.46

● Australian shares 0.00● International shares 0.00● Australian fixed interest 73.70● International fixed interest 0.00● Property 0.00● Cash 26.30● Other 0.00

3 months 0.706 months 1.381 year (%) p.a 3.462 years (%) p.a 4.663 years (%) p.a 4.865 years (%) p.a -

● Australian shares 99.30● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.70● Other 0.00

● Australian shares 99.10● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.90● Other 0.00

3 months 21.716 months 36.791 year (%) p.a 19.212 years (%) p.a -1.393 years (%) p.a 9.935 years (%) p.a 16.46

3 months 21.186 months 34.841 year (%) p.a 11.682 years (%) p.a -6.403 years (%) p.a 6.075 years (%) p.a 11.81

ANZ Super Advantage asset allocation and fund performanceOpen funds – as at 30 September 2009

6

OptiMix Growth OptiMix High Growth OptiMix Moderate OptiMix Property Securities

AXA Global Equity Value Barclays Global Investors Barclays Global Investors Barclays Global Investors

Australian Shares Diversified Growth International Shares

● Australian shares 0.00● International shares 98.20● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 1.80● Other 0.00

● Australian shares 100.00● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.00● Other 0.00

3 months 13.616 months 19.281 year (%) p.a -14.692 years (%) p.a -22.813 years (%) p.a -14.505 years (%) p.a -

3 months 21.136 months 35.821 year (%) p.a 7.222 years (%) p.a -11.333 years (%) p.a 1.405 years (%) p.a -

BlackRock Asset Allocation Alpha Capital International Global

Colonial First State Diversified Colonial First State Imputation

Equities (Hedged)†

● Australian shares 36.50● International shares 26.40● Australian fixed interest 13.40● International fixed interest 11.80● Property 7.40● Cash 4.50● Other 0.00

3 months 14.386 months 19.231 year (%) p.a -0.592 years (%) p.a -10.053 years (%) p.a -6.215 years (%) p.a 0.78

ANZ Super Advantage asset allocation and fund performanceOpen funds – as at 30 September 2009

● Australian shares 33.80● International shares 27.50● Australian fixed interest 16.00● International fixed interest 3.00● Property 5.00● Cash 6.80● Other 7.90

3 months 12.136 months 19.401 year (%) p.a -2.422 years (%) p.a -9.383 years (%) p.a -2.165 years (%) p.a -

● Australian shares 0.00● International shares 100.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.00● Other 0.00

3 months 8.316 months 12.941 year (%) p.a -14.002 years (%) p.a -16.083 years (%) p.a -11.175 years (%) p.a -

● Australian shares 0.00● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.00● Other 100.00

3 months 3.636 months -1 year (%) p.a -2 years (%) p.a -3 years (%) p.a -5 years (%) p.a -

● Australian shares 0.00● International shares 96.20● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 3.80● Other 0.00

3 months 21.586 months 35.551 year (%) p.a 16.582 years (%) p.a -6.683 years (%) p.a 2.895 years (%) p.a 10.60

● Australian shares 98.80● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 1.20● Other 0.00

3 months 14.576 months 25.841 year (%) p.a 5.132 years (%) p.a -5.903 years (%) p.a -0.265 years (%) p.a 5.40

● Australian shares 52.80● International shares 45.07● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 2.13● Other 0.00

3 months 16.406 months 25.851 year (%) p.a -0.752 years (%) p.a -11.073 years (%) p.a -2.195 years (%) p.a 5.18

● Australian shares 43.42● International shares 27.27● Australian fixed interest 5.56● International fixed interest 5.64● Property 8.01● Cash 8.09● Other 2.01

3 months 15.586 months 24.001 year (%) p.a 1.982 years (%) p.a -8.543 years (%) p.a -0.745 years (%) p.a 5.64

● Australian shares 25.04● International shares 17.44● Australian fixed interest 18.95● International fixed interest 10.79● Property 7.03● Cash 18.72● Other 2.03

● Australian shares 0.00● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 98.19● Cash 1.81● Other 0.00

3 months 10.996 months 15.571 year (%) p.a 3.432 years (%) p.a -3.543 years (%) p.a 1.055 years (%) p.a 5.20

3 months 27.096 months 49.781 year (%) p.a -16.852 years (%) p.a -28.893 years (%) p.a -16.365 years (%) p.a -3.87

7

Credit Suisse Property Investors Mutual Australian

MFS Global Equity Perennial Value Shares Shares

Perpetual Australian Shares Perpetual Balanced Growth Perpetual Conservative Growth Perpetual International Shares

● Australian shares 94.30● International shares 2.50● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 3.20● Other 0.00

● Australian shares 34.40● International shares 26.60● Australian fixed interest 15.20● International fixed interest 0.00● Property 3.00● Cash 12.20● Other 8.60

3 months 21.236 months 35.231 year (%) p.a 8.912 years (%) p.a -6.363 years (%) p.a 3.775 years (%) p.a 10.75

3 months 11.436 months 17.461 year (%) p.a -1.002 years (%) p.a -5.123 years (%) p.a -0.635 years (%) p.a 5.35

Platinum International Russell Balanced Russell Capital Stable Russell Diversified 50

● Australian shares 14.80● International shares 8.00● Australian fixed interest 17.90● International fixed interest 28.60● Property 6.80● Cash 23.90● Other 0.00

3 months 8.096 months 15.951 year (%) p.a 6.482 years (%) p.a 0.023 years (%) p.a 2.475 years (%) p.a 4.80

● Australian shares 19.70● International shares 8.40● Australian fixed interest 39.70● International fixed interest 0.00● Property 0.00● Cash 32.20● Other 0.00

3 months 6.536 months 10.201 year (%) p.a 3.892 years (%) p.a 1.403 years (%) p.a 3.265 years (%) p.a 5.49

● Australian shares 0.00● International shares 95.50● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 4.50● Other 0.00

3 months 5.776 months 7.421 year (%) p.a -14.022 years (%) p.a -11.223 years (%) p.a -8.445 years (%) p.a -0.50

● Australian shares 0.00● International shares 85.90● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 14.10● Other 0.00

3 months 7.966 months 17.741 year (%) p.a 16.682 years (%) p.a 3.353 years (%) p.a 3.205 years (%) p.a -

● Australian shares 33.20● International shares 27.10● Australian fixed interest 10.10● International fixed interest 16.70● Property 2.20● Cash 4.10● Other 6.60

3 months 14.506 months 27.451 year (%) p.a 2.512 years (%) p.a -6.843 years (%) p.a -0.985 years (%) p.a 5.10

● Australian shares 22.80● International shares 19.50● Australian fixed interest 15.00● International fixed interest 22.10● Property 2.40● Cash 13.40● Other 4.80

3 months 9.826 months 37.291 year (%) p.a -3.482 years (%) p.a -6.903 years (%) p.a -1.955 years (%) p.a 3.18

● Australian shares 95.10● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 4.90● Other 0.00

3 months 19.036 months 28.501 year (%) p.a 7.922 years (%) p.a -6.493 years (%) p.a 2.465 years (%) p.a -

● Australian shares 0.00● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 98.20● Cash 1.80● Other 0.00

3 months 23.856 months 50.091 year (%) p.a -22.312 years (%) p.a -29.373 years (%) p.a -16.405 years (%) p.a -

● Australian shares 0.00● International shares 97.90● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 2.10● Other 0.00

● Australian shares 96.80● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 3.20● Other 0.00

3 months 9.186 months 12.781 year (%) p.a -7.662 years (%) p.a -8.593 years (%) p.a -5.905 years (%) p.a -

3 months 21.676 months 41.361 year (%) p.a 17.222 years (%) p.a -4.303 years (%) p.a 5.505 years (%) p.a -

ANZ Super Advantage asset allocation and fund performanceOpen funds – as at 30 September 2009

8

Russell Growth Schroder Australian Equity Schroder Balanced UBS Balanced

UBS Defensive Investment UBS Diversified Fixed Interest Vanguard Australian Shares Vanguard International Shares

Index Index

● Australian shares 15.40● International shares 15.40● Australian fixed interest 16.10● International fixed interest 6.40● Property 4.60● Cash 29.50● Other 12.60

● Australian shares 0.00● International shares 0.00● Australian fixed interest 63.00● International fixed interest 37.00● Property 0.00● Cash 0.00● Other 0.00

3 months 7.406 months 13.961 year (%) p.a 3.772 years (%) p.a -0.273 years (%) p.a 1.495 years (%) p.a 4.44

3 months 4.126 months 4.851 year (%) p.a 8.982 years (%) p.a 5.983 years (%) p.a 4.775 years (%) p.a 4.78

Vanguard International Shares Vanguard Property Securities Zurich Investments Global Zurich Investments Managed Index (Hedged) Index Thematic Shares Growth

● Australian shares 0.00● International shares 92.90● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 7.10● Other 0.00

3 months 3.196 months 8.501 year (%) p.a -2.842 years (%) p.a -8.393 years (%) p.a -3.015 years (%) p.a -

ANZ Super Advantage asset allocation and fund performanceOpen funds – as at 30 September 2009

● Australian shares 100.00● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.00● Other 0.00

3 months 21.016 months 34.461 year (%) p.a 7.432 years (%) p.a -9.713 years (%) p.a 2.135 years (%) p.a 9.83

● Australian shares 0.00● International shares 100.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.00● Other 0.00

3 months 7.886 months 11.861 year (%) p.a -12.022 years (%) p.a -13.523 years (%) p.a -8.825 years (%) p.a -0.22

● Australian shares 0.00● International shares 100.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.00● Other 0.00

3 months 16.056 months -1 year (%) p.a -2 years (%) p.a -3 years (%) p.a -5 years (%) p.a -

● Australian shares 0.00● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 100.00● Cash 0.00● Other 0.00

3 months 30.186 months 52.231 year (%) p.a -20.162 years (%) p.a -29.553 years (%) p.a -16.405 years (%) p.a -

● Australian shares 37.90● International shares 27.90● Australian fixed interest 13.80● International fixed interest 4.80● Property 9.50● Cash 6.10● Other 0.00

3 months 12.016 months 20.411 year (%) p.a 4.022 years (%) p.a -5.433 years (%) p.a 0.715 years (%) p.a -

● Australian shares 97.40● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 2.60● Other 0.00

3 months 25.956 months 41.951 year (%) p.a 16.732 years (%) p.a -4.443 years (%) p.a 4.995 years (%) p.a -

● Australian shares 41.60● International shares 37.40● Australian fixed interest 2.10● International fixed interest 7.30● Property 2.40● Cash 1.20● Other 8.00

3 months 17.576 months 31.871 year (%) p.a 0.672 years (%) p.a -9.993 years (%) p.a -2.245 years (%) p.a 5.15

● Australian shares 38.30● International shares 18.70● Australian fixed interest 21.40● International fixed interest 8.60● Property 0.00● Cash 6.00● Other 7.00

● Australian shares 31.00● International shares 30.30● Australian fixed interest 7.90● International fixed interest 5.50● Property 9.40● Cash 3.60● Other 12.30

3 months 13.296 months 23.921 year (%) p.a 5.952 years (%) p.a -1.323 years (%) p.a 3.175 years (%) p.a -

3 months 12.706 months 28.591 year (%) p.a 3.492 years (%) p.a -4.293 years (%) p.a -0.255 years (%) p.a 5.13

* This fund is currently suspended and not accepting transactions.

† Formerly Credit Suisse International Shares.

9

ING European Shares‡ ING Global Sector‡ ING Protected Growth§ ING Wholesale Australian Shares‡

Advance Imputation‡ AMP Capital Equity‡ ANZ Wholesale Diversified

ANZ Superannuation Pool –

Stable‡ Australian Fixed Interest‡

● Australian shares 95.40● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 4.60● Other 0.00

● Australian shares 100.00● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.00● Other 0.00

3 months 21.246 months 38.861 year (%) p.a 9.842 years (%) p.a -4.043 years (%) p.a 3.705 years (%) p.a 9.65

3 months 22.456 months 36.271 year (%) p.a 9.382 years (%) p.a -6.933 years (%) p.a 3.545 years (%) p.a -

ANZ Superannuation Pool - BT Wholesale Asian Share‡ Rothschild Smaller Companies Russell International Bond

Diversified Stable‡ Wholesale‡ - $A Hedged Fund ‡

● Australian shares 97.30● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 2.70● Other 0.00

3 months 25.076 months 50.851 year (%) p.a 9.132 years (%) p.a -10.013 years (%) p.a 2.945 years (%) p.a 12.12

● Australian shares 16.10● International shares 10.90● Australian fixed interest 33.20● International fixed interest 8.90● Property 4.80● Cash 25.20● Other 0.90

3 months 7.066 months 10.561 year (%) p.a 1.432 years (%) p.a -1.413 years (%) p.a 1.505 years (%) p.a 4.52

● Australian shares 0.00● International shares 0.00● Australian fixed interest 99.70● International fixed interest 0.00● Property 0.00● Cash 0.30● Other 0.00

3 months 1.806 months 1.611 year (%) p.a 5.812 years (%) p.a 5.763 years (%) p.a 4.675 years (%) p.a 4.69

● Australian shares 16.80● International shares 10.90● Australian fixed interest 33.50● International fixed interest 8.00● Property 4.90● Cash 25.20● Other 0.70

3 months 7.196 months 9.941 year (%) p.a 0.942 years (%) p.a -1.813 years (%) p.a 1.215 years (%) p.a 4.27

● Australian shares 0.00● International shares 99.89● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.11● Other 0.00

3 months 8.046 months 2 3.801 year (%) p.a 9.932 years (%) p.a -9.963 years (%) p.a 0.285 years (%) p.a 8.53

● Australian shares 0.00● International shares 0.00● Australian fixed interest 16.00● International fixed interest 84.00● Property 0.00● Cash 0.00● Other 0.00

3 months 5.816 months 12.231 year (%) p.a 9.302 years (%) p.a 5.503 years (%) p.a 4.545 years (%) p.a 4.71

● Australian shares 0.00● International shares 99.50● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.50● Other 0.00

3 months 9.146 months 16.901 year (%) p.a -9.102 years (%) p.a -12.813 years (%) p.a -8.895 years (%) p.a -0.89

● Australian shares 0.00● International shares 99.50● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.50● Other 0.00

3 months 13.496 months 23.971 year (%) p.a -0.522 years (%) p.a -9.443 years (%) p.a -4.595 years (%) p.a 3.12

● Australian shares 10.70● International shares 6.60● Australian fixed interest 6.90● International fixed interest 1.00● Property 2.40● Cash 72.00● Other 0.40

● Australian shares 99.50● International shares 0.00● Australian fixed interest 0.00● International fixed interest 0.00● Property 0.00● Cash 0.50● Other 0.00

3 months 1.806 months 5.311 year (%) p.a -0.112 years (%) p.a -4.323 years (%) p.a -5 years (%) p.a -

3 months 23.176 months 34.711 year (%) p.a 7.132 years (%) p.a -9.343 years (%) p.a 3.175 years (%) p.a 10.56

ANZ Super Advantage asset allocation and fund performanceClosed funds – as at 30 September 2009

10M

1708/1109

anz.com

The Trustee and issuer of ANZ Super Advantage is ING Custodians Pty Limited (ABN 12 008 508 496, AFSL 238346, RSE L0000673) (ING Custodians).

ING Custodians Pty Limited, the issuer of this product, is a subsidiary of Australia and New Zealand Banking Group Limited (ANZ). ANZ is an authorised deposit taking institution (ADI) under the Banking Act 1959. The issuer is not an ADI and an investment in the fund is neither a deposit nor liability of ANZ or any member of the ANZ Group, other than ING Life Limited ABN 33 009 657 176 for any insurance product it issues or ANZ in relation to any ANZ bank account. Neither ANZ nor any member of the ANZ Group stands behind or guarantees the issuer or the capital or performance of any securities issued to, or assets held by, you. Your investment is subject to investment risk, including possible delays in repayment and loss of income and principal invested.

This information is current as at December 2009 and may be subject to change. This information is intended only to provide you with general information and, while the sources for the material are considered reliable, no responsibility is accepted for any inaccuracies, errors or omissions. This information must not be reproduced without ING Custodians’ prior written permission. Before making a decision based on this information, you must consider its appropriateness having regard to your objectives, financial situation and needs and consider the relevant Product Disclosure Statement which is available at www.anz.com/wealth/super or by calling 13 38 63.

Capital is not guaranteed and returns can go up and down. Past performance is not indicative of future performance.

ING Custodians Pty Limited 347 Kent Street Sydney NSW 2000 Phone 13 38 63

ANZ Super Advantage asset allocation and fund performanceClosed funds – as at 30 September 2009

ANZ Wholesale Income‡

● Australian shares 10.90● International shares 2.20● Australian fixed interest 65.00● International fixed interest 0.00● Property 4.50● Cash 17.40● Other 0.00

3 months 5.816 months 8.081 year (%) p.a 1.792 years (%) p.a 0.453 years (%) p.a 2.815 years (%) p.a 5.72

‡ This fund is closed to new members. However, it remains open for members who invested in it prior to 1 October 2003, or where this fund forms part of an employer default investment strategy established prior to 1 October 2003.

§ This fund closed to new investments on 15 January 2009.