SMF Eligible Rollover Fund

The SMF Eligible Rollover Fund (Fund or SMF ERF) has been designed as a temporary repository, to accept the benefits of members:

  • with low account balances
  • who are leaving or changing employment
  • who have become uncontactable.

You become a member of the Fund when your superannuation is transferred from another super fund (such as your previous employer's super facility). Your account balance will consist of the amount transferred to the Fund, less any fees and charges which may apply, together with any investment earnings credited to your benefit.

If you are a member of the Fund, you have the following options:

The SMF ERF is not intended as a permanent place to hold super. We strongly recommend that SMF ERF members consolidate their ERF account with their main super fund.

An easy way to transfer to another super fund is to use the Australian Government's myGov website to link to the ATO to:

  • see details of all your super accounts, including any you have lost track of or forgotten about
  • find ATO-held super – if the government, your super fund or your employer can't find an account to transfer your super to, we hold it on your behalf
  • combine multiple super accounts by transferring your super into your preferred super account; if this is a fund-to-fund transfer it will generally be actioned within three working days.

Alternatively, you can download and print a Withdrawal form and send it to us together with identification details.

Once you have used the online rollover tool or sent us a Withdrawal form, we will transfer your SMF ERF account balance directly to your active super account at no cost to you.

Why should you transfer your super out of the SMF ERF?

  • You may be able to cease paying multiple administration fees.
  • If you have all of your super is in one place, it makes it easy to check and keep track of.
  • The SMF ERF is an Eligible Rollover Fund (ERF) and differs from other super funds. For example, we don't offer investment choice or insurance.

Generally, super can only be claimed when you retire. However, if you were previously classified as a lost member and your SMF ERF account balance is under $200, it can be claimed as a cash payment, where you meet certain conditions. Simply download and print a Withdrawal form and send it to us together with identification details.

If you are a temporary resident leaving Australia permanently, please contact us for instructions on how to claim your super held in your SMF ERF account. You cannot claim your benefits if you are still living in Australia.

If you do not claim your benefit within six months of the date you depart Australia, we are required by law to transfer the amount to the Australian Taxation Office (ATO). You may claim your benefit at any time by applying directly to the ATO.

If you have permanently moved to New Zealand and you have a KiwiSaver account, you can apply to transfer the whole balance of your superannuation benefit to that account. For more information, view the PDS, forms and documents or contact us.