You can choose to access ASX 300 shares, selected Exchange Traded Funds (ETFs), term deposits and a cash account.
We’ve recently made some big changes to Member Direct, so now could be a great time to discover your options.
Different investment types have different costs. We’ve recently introduced tiered pricing to Member Direct, which means you pay based on the type of investment you select. Here’s how it works:
Cash Account option Term deposits option Shares & ETFs option What asset types can you invest in using the option? Cash account Includes the cash account plus Term deposits Includes the ﬁrst two options plus the ability to buy and sell shares and ETFs Cash account fee* 0.12% pa of the balance in the cash account Portfolio administration fee (PAF)*† Nil $150 pa $395 pa Additional fees and costs that may apply^ Term deposit costs Nil If you redeem your term deposit(s) prior to their maturity date penalties will apply. Brokerage costs Nil Nil If you choose to trade in shares and ETFs brokerage fees will apply. Other fees You will also pay an AustralianSuper administration fee and investment fees for investment options that are managed by AustralianSuper for you (e.g. PreMixed or DIY Mix options).
* All fees are GST inclusive. They are calculated daily and automatically deducted from your cash account on the ﬁrst business day of each month.
† The PAF is determined by the option you select and not by the type of assets you hold. If you no longer hold the core asset type of the option, e.g. you’re in the Term deposits option and don’t hold Term deposits or you’re in the Shares & ETFs option and don’t hold Shares/ETFs, you can reduce the PAF you pay by moving to a lower fee option. To do this you must change your option online.
^ For full details of additional fees and costs see our Fees and costs guide.
How do the cash options in Member Direct compare with DIY Cash?
Take a look at how the DIY Cash option compares with the Cash account and Term deposits options in Member Direct over 12 months.
To invest in Member Direct, simply:
Log into your account online and click the Member Direct button (on the right).
Choose an option to invest in e.g. Cash, Term deposits, Shares etc.
Transfer the amount you wish to invest into the Cash account.
Follow instructions to direct your investments.