Members can only invest in the term deposits specified in our Self Invest Investment Menu available at the relevant time. More detail about each term deposit is available in the product disclosure documents issued by each term deposit provider. This information is available on our website
We are not responsible for the reliability, accuracy, completeness or timeliness of any information provided by term deposit providers, including interest rate information and product disclosure documents issued by term deposit providers.
We will not be responsible or liable for any loss or damage for any delay in processing any term deposit orders.
Information relating to the rates available from each nominated term deposit provider will be available on the transaction pages when you access Self Invest through Member Online, and we require these providers to update the rates weekly by 11.59pm (Sydney time ) each Thursday.
Term deposit orders will be processed by QSuper each working day. Orders placed after 11.59pm on any day will be processed on the next working day.
A member may cancel an order to purchase a term deposit up to 11.59pm (Sydney time) on the day of placement of the order, through logging on to Member Online and navigating to the Self Invest open orders page.
Term deposits are not redeemable before maturity, except at the sole discretion of QSuper, where members satisfy one of the following conditions:
- total and permanent incapacity
- death or suffer a terminal medical condition
- severe financial hardship
- compassionate grounds
- to satisfy a family law order under the Family Law Act 1975 (Cth) on divorce or separation.
Provided you meet one of these conditions, you can apply for early redemption by calling QSuper.
At maturity or early redemption of a term deposit the capital amount and all accrued earnings (less an allocation for tax) will be credited to your transaction account, unless we are instructed to reinvest these amounts in a new term deposit on your behalf.
Minimum and maximum investment limits apply to the purchase of term deposits, and these limits are outlined in this Guide.
Term deposit instruments available via Self Invest are not covered by the Federal Government's financial claims scheme under the Banking Act 1959 (Cth) as they are not held on separate trust for each member. This financial claims scheme will only apply to superannuation fund members if the trustee holds bank deposits with an approved authorised deposit-taking institution (ADI) on separate trust, which it treats as different 'account-holders'.