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The following updates have been made to the terms and conditions for QSuper Member Online since June 2013. For further information on any of the below, please refer to the complete Member Online Terms and Conditions.
Electronic Communications and Privacy
The terms and conditions were updated to better explain our approach to electronic communications. The key points:
You’ll find more information in the Important information from the QSuper Board of Trustees (pdf).
Changes to provide Online Advice in Member Online
Member Online and Online Advice is provided to members by QInvest Limited (ABN 35 063 511 580, AFSL and Australian Credit Licence Number 238274) (QIL). QIL is ultimately owned by the QSuper Board as trustee for the QSuper Fund and is a separate legal entity responsible for the financial services and credit services it provides.
Member Online continues to be owned by the Board of Trustees of the State Public Sector Superannuation Scheme (ABN 32 125 059 006) ('QSuper Board') as trustee for the State Public Sector Superannuation Fund (ABN 60 905 115 063) (‘QSuper Fund’). Unless we tell you otherwise, Member Online and all products are issued by the QSuper Board as trustee for 'QSuper Fund’. More information on our structure and background.
Your use of Member Online and the QSuper website
Effective from 1 September 2014, the cut-off time for investment switches was changed from 5:00PM to 3:00PM AEST (Queensland time).
Switch applications correctly submitted to QSuper after 3.00pm (AEST) on a 'Business Day' (any day that is not a Saturday, Sunday or public holiday in Brisbane, Australia), or at any time on a non-Business Day, will be considered as having been received on the next Business Day. The unit price two Business Days after this date will then be applied. More information about switching.
Withdrawal of Investment Switches
QSuper began to offer our members the ability to withdraw switch requests any time before 3.00pm (AEST) on the Brisbane working day we received the request. After that time, the switch request cannot be withdrawn and the switch will be applied to the account. More information about switching.