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Account Closure

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Your account may be closed due to the following:

i.     You roll-out your superannuation to another fund

ii.    You fully withdraw your superannuation, i.e. when you retire

iii.   Your account balance reduces to NIL

iv.   You have not funded your account within 120 days of submitting your application.

v.    Your account balance is rolled over to the Australian Taxation Office due to regulatory requirement.
       By law, ACSuper must transfer lost super accounts with balances under $200, or those that are unidentified and have been
       inactive for more than five years, to the Australian Taxation Office. For more details, please visit www.ato.gov.au

vi.   
Your account balance is rolled over to an Eligible Rollover Fund (ERF) if your balance is under $1,000 and there has been no
      contributions received for 13 months or more. This is to protect your account from being eaten away by administration fees.
      The ERF that ACSuper will roll your account to is Australian Eligible Rollover Fund (AERF).
      AERF contact details are as follows:

          Australian Eligible Rollover Fund
          Locked Bag 5429
          Parramatta  NSW  2124

         Phone:  1800 677 424


When your accout is closed, you will cease to be a member of ACSuper and all insurance cover with ACSuper is terminated.