Fill - Free fillable INVESTMENT GROWTH BOND PLAN FOR A BRIGHTER FUTURE. (Commonwealth Bank of Australia) PDF form

INVESTMENT

GROWTH BOND

PLAN FOR A BRIGHTER FUTURE.

Product Disclosure Statement

Issue date: 1 November 2019

Issued by The Colonial Mutual Life Assurance Society Limited

ABN 12 004 021 809 AFSL 235035 (CMLA) which is a wholly

owned non-guaranteed subsidiary of the Commonwealth Bank

of Australia ABN 48 123 123 124 AFSL 234945 (CBA).

In September 2017 the CBA announced the sale of its

CommInsure life insurance business in Australia to the AIA

Group. The sale includes CMLA. While the sale of CMLA is

expected to complete in calendar year 2020, CMLA has entered

into a Joint Cooperation Agreement with AIA Australia Limited

(AIA) and CBA for the joint operation of the CMLA and AIA

businesses. AIA is part of the AIA Group, the largest publicly

listed life insurance group in the Asia Paciﬁc region with a

presence in 18 markets. Whilst CBA will remain the ultimate

shareholder of CMLA, under the terms of the Joint Cooperation

Agreement AIA will have an appropriate level of direct

management and oversight of the CMLA business.

‘CommInsure’ is used under licence by CMLA.

Contact details for CMLA are:

Postal address: PO Box 320, Silverwater NSW 2128

Telephone: 1800 624 100

Neither the AIA Group nor the Commonwealth Bank of Australia

Group (excluding CMLA) nor their subsidiaries, guarantee the

performance of the Investment Growth Bond or the repayment

of capital or interest by CMLA. Investments in the Investment

Growth Bond are not deposits or other liabilities of the AIA

Group nor the Commonwealth Bank of Australia Group

(excluding CMLA) nor their subsidiaries. Investment products are

subject to investment risk including loss of income and principal

invested as described in the PDS. CMLA as product issuer does

not guarantee the performance of the Investment Growth Bond

except as expressly stated in the PDS.

You can only apply for this product by completing the

Application attached to this PDS.

In this PDS, ‘CommInsure’, ‘we’, ‘us’ and ‘our’ refer to CMLA and

‘you’ or ‘your’ mean the Policy Owner and/or where applicable

the person to be insured. Where we use the term

‘Life Insured’ we mean the person whose life is to be insured

under the policy.

While every effort has been made to ensure the information in this

PDS is reliable, the Policy Document (including the Policy

Schedule) between us and the Policy Owner forms the basis of the

product and should be read carefully. The examples and

illustrations provided in this PDS are only intended to illustrate how

certain beneﬁts are calculated. All beneﬁts will be calculated in

accordance with relevant policy conditions. No beneﬁts are

payable unless the relevant policy conditions are satisﬁed. All

references to monetary amounts in the PDS are references to

Australian dollars.

The offer under this PDS does not constitute an offer in any

jurisdiction other than Australia. This PDS is not an offer to any

person or an offer in any place, to which it is unlawful to make

such an offer.

The information in this PDS is only a guide. It does not take into

account your particular objectives, ﬁnancial situation or needs.

Before acting on information in this PDS you should consider the

appropriateness of the information having regard to your

particular objectives, ﬁnancial situations or needs. We

recommend that you speak with a ﬁnancial adviser.

All taxation information is current as at the date of this PDS.

Taxation considerations are general and based on present

taxation laws and may be subject to change. You should seek

independent, professional tax advice before making any

decision based on this information.

The level of tax beneﬁts or tax effectiveness may vary depending

on your individual circumstances.

CommInsure is also not a registered tax (ﬁnancial) adviser under

the Tax Agent Services Act 2009 and you should seek tax advice

from a registered tax agent or a registered tax (ﬁnancial) adviser

if you intend to rely on this information to satisfy the liabilities or

obligations or claim entitlements that arise, or could arise, under a

taxation law.

Welcome to CommInsure’s Investment Growth Bond 3

What is the Investment Growth Bond? 4

Who is it suitable for? 5

A quick overview 6-7

Tax beneﬁts 8-9

You’re investing in safe hands 10-13

How do Iinvest? 14-15

Ownership, Lives Insured and

Nominating Beneﬁciaries 16-17

Investment matters 18

Your investment strategy 19

Investment risks 20

Single-sector investment options 22-23

Multi-sector investmentoptions 24-25

Fees and other costs 26-27

Additional information 28-33

So you’ve decided to invest 34

Forms 35-46

Contents.

2 Investment Growth Bond

Why CommInsure?

CommInsure is one of Australia’s leading insurance and

investment bond providers.

We have a long history of ﬁnancial strength and security

dating back over 140 years.

We are committed to meeting the insurance, retirement

and investment needs of individual Australians. We do

this by making our wide range of award winning products

and services, such as the Investment Growth Bond, more

affordable, more accessible and easier to understand.

Our fresh approach to straightforward insurance and

investment solutions combines innovation and simplicity

with competitive products and responsive service.

CommInsure Investment

Growth Bond

Welcome to CommInsure’s

Investment Growth Bond.

Grow your investment with condence.

A tax-effective investment with the

exibility to achieve your life goals,

supported by a strong 140-year history.

Awards

Association of Financial Advisers (AFA), Investment bond, award winner eleven years running (2008 through to 2018).

3Investment Growth Bond

What is the

Investment

Growth Bond?

It’s a tax-paid product that’s exible

enough to suit a wide range of needs

and different situations.

The Investment Growth Bond (Bond) is

an insurance bond that has simple

tax benets

It combines many of the features of other investments such

as a managed fund with the security and tax beneﬁts of a life

insurance policy.

You can select from investment options that invest in assets

such as shares, property, ﬁxed interest and cash.

No personal tax is payable on the Bond once you’ve held

it for 10 years and satisfy the 125% rule.

Did you know?

There is no obligation to withdraw after the 10 year

period, you are still able to continue your investment.

Retirees, pensioners, grandparents, mums, dads, children,

grandchildren, high income earners and businesses can all

beneﬁt in different ways.

If you withdraw before 10 years, you may be able to take

advantage of the 30 per cent tax offset, which may help offset

your tax on any proﬁt elements of the withdrawal as well as

tax on income from other sources.

The Bond is issued by The Colonial Mutual Life Assurance

Society Limited which is a life insurance company.

4 Investment Growth Bond

Who is it suitable for?

The Bond is suitable for a broad range of people. From young children to

grandparents, high income earners to pensioners, the Bond suits a variety

of investors’ needs.

Investor need Beneﬁts for you

Want certainty in estate planning and

distributing your wealth?

◆

Ability to nominate one or more beneﬁciaries

◆

Beneﬁciaries receive the proceeds tax free

◆

The Death Beneﬁt Guarantee (where applicable) can provide certainty around

the minimum amount that your beneﬁciaries will receive.

Looking for a simple, tax-effective

investment that can lower your tax

liability, with little or no annual tax

reporting and paperwork?

◆

Earnings are taxed at 30% in the life insurance company

◆

No personal tax on withdrawals if the Bond is held for 10 years (“10 year rule”)

◆

You can also contribute each year, up to 125% of the previous year’s contribution

(“125% rule”) and still satisfy the 10 year rule.

◆

No annual tax reporting unless you make a withdrawal.

Looking for an investment with growth

potential but some capital protection?

◆

Four of the investment options available have different guarantees included.

Seeking a long-term investment for your

children or grandchildren?

◆

Able to set up a Child Advancement Policy and within limits nominate when

ownership transfers to a child

◆

A range of investment options to choose from

◆

You are able to access money at any time.

Restricted by super rules?

◆

No work test applies for contributions

◆

No contribution or lifetime caps apply

◆

Able to access money at any time.

Want a tax-effective income stream

in retirement?

◆

A 30% tax offset applies on the tax payable on any proﬁt element of your

withdrawal.

Exploring smart investment alternatives

to suit your business needs?

◆

Funds available when you need them

◆

Little or no annual paperwork.

High income earners

◆

maximise tax beneﬁts

Retirees

◆

tax-effective income stream

Families

◆

Child Advancement Policy

People looking for alternatives

to super

People looking for certainty in estate

planning and distributing wealth

People looking for simplicity

with little or no tax reporting

B C

5Investment Growth Bond

Here’s a quick overview of the main features – each is explained in more detail later on

Tax beneﬁts

(refer to page 8-9)

Assuming you hold the investment for more than 10 years and comply with the 125% rule, it

is considered a “tax paid” investment as CommInsure pays the tax on bond earnings at the

current company tax rate of 30% and this can be reduced further by the use of imputation credits.

Investment earnings on the Bond generally don’t have to be declared in your tax return, unless

you make a withdrawal within the ﬁrst 10 years of holding the policy.

If you do make a withdrawal in the ﬁrst 10 years, some or all of the earnings should be included

in your assessable income for taxation purposes. You may however, be able to take advantage

of the 30% tax offset.

Additional contributions which satisfy the 125% rule don’t have to be invested for the full 10

years to acquire the tax-paid status.

Investment switches and withdrawals from the Bond can be made without the worry of personal

capital gains tax.

Investments held for children can be invested in a favourable tax environment given that the

earnings within the Bond are taxed at the current company tax rate of 30%.

The 125% rule

(refer to page 9)

Any contributions made after the ﬁrst 10 years can be withdrawn tax free regardless of when

the contribution was actually made. Each year simply invest up to 125% of the previous year’s

contribution to take full advantage of this beneﬁt.

Choice of

investment options

(refer to pages 22 - 25)

Once you and your ﬁnancial adviser select your investment option(s) your money will be invested

according to your selection.

The Bond offers the potential for competitive after-tax returns through a choice of nine

investment options:

◆

four multi-sector investment options that invest in a range of asset classes

◆

ﬁve single-sector investment options.

You can tailor your own diversiﬁed investment portfolio by investing in a number of single-sector

investment options.

Investment option

guarantees

(refer to page 13)

The investment option guarantees are designed to provide certainty around the minimum value

of your holdings in an investment option.

Investment option guarantees are currently available for four of the investment options.

Investing for a child

(refer to page 17)

You can invest for a child in the following ways:

1. With parental/guardian consent

Children as young as 10 years of age can invest.

2. Child Advancement Policy

An adult can set up a Child Advancement Policy on behalf of a child under 16 years of age

with the ownership of the Bond transferred to the child at a set age.

Estate planning

(refer to page 16)

You can nominate to have one or more beneﬁciaries receive the proceeds of your investment in

the Bond tax free upon the death of the last surviving Life Insured.

A quick overview.

6 Investment Growth Bond

Death Beneﬁt Guarantee

(refer to page 10-11)

The Death Beneﬁt Guarantee provides certainty around the minimum amount that will be paid

on the death of the last surviving Life Insured, which can be particularly important during times

of market uncertainty.

This means that in the case of the death of the last Life Insured there is a guaranteed amount

that will be paid on withdrawal of this investment.

Under the terms of the Death Beneﬁt Guarantee, we guarantee to pay the higher of:

a) the cash value of the Bond, or

b) the lesser of the Net Contribution Value and the Maximum Amount.

The Net Contribution Value is the total value of all deposits less any withdrawals that have

occurred during the life of the policy and less any Switching fees, Withdrawal fees and Adviser

Service Fees deducted during the life of the policy.

The Maximum Amount is limited to $1 million per Life Insured (or such other amount we advise

you in writing). Where multiple Investment Growth Bond policies have the same Life Insured

nominated, CMLA will guarantee a total of the Maximum Amount across all policies. Any

decrease in the guarantee to the Maximum Amount would only apply to new policies from the

date of the change.

To qualify for the Death Beneﬁt Guarantee, the younger Life Insured on the policy must be less

than 85 years of age at the policy commencement. While the policy remains in force, the Death

Beneﬁt Guarantee will continue to apply until the 99th birthday of the last surviving Life Insured.

Minimum amounts

(refer to page 14)

Minimum Payment method

Initial investment $1,000 BPAY

/cheque/direct credit

Additional contributions $200 B

PAY

/cheque/direct credit

Balance per investment option $200 N/A

Investment option switches $200 N/A

Partial withdrawals $1,000 Direct credit

Automatic regular withdrawals $500 Direct credit

Automatic regular

withdrawals

(refer to page 15)

You can access your money at any time and where the cash value of your Bond is greater than

$10,000 you can set up an automatic withdrawal facility, where money can be paid into your

bank account on a monthly, quarterly, half-yearly oryearly basis.

Automatic regular

contributions

(refer to page 14)

Can be established via B

PAY

Fees

(refer to page 26)

Management fee 0.85% p.a. to 1.50% p.a.

(depends on the investment option(s) you select)

Switching fee Nil

Withdrawal fee Nil

Adviser Service Fee Deducted using the amount agreed between you and

your ﬁnancial adviser(s)

7Investment Growth Bond

Tax benets.

Simple tax-effective investing

Tax on investment earnings is paid by CommInsure at the

current company rate of 30%.

If you hold the investment for 10 years and satisfy the 125%

rule, the Bond is a ‘tax-paid’ investment and there is no

further tax payable by you.

Although the current life company tax rate for insurance bonds

is 30 per cent, the effective tax rate of the Bond may be lower

depending on the level of imputation credits generated from

the underlying investments and applied at that time.

If you don’t make a withdrawal within the ﬁrst 10 years of

holding your policy, your investment in the Bond will not affect

your personal income tax or your annual tax return obligations.

No tax-paid after 10 years

If you hold your investment for 10 years from the original

investment date (subject to the 125% rule – see following

page), there is no personal tax payable on any withdrawals

made after this time. If you do make a withdrawal within

10 years from the original investment date, some or all

of the earnings component of your withdrawal should be

included as assessable income for tax purposes.

At all times, the capital component of your withdrawal

(i.e. any contributions you have made to the Bond) is free

from personal income tax.

These are only general comments on taxation. As your

individual circumstances may be quite different, you

should discuss any taxation issues with your tax adviser.

This graph highlights the tax treatment of withdrawals over 10 years

If you withdraw within 8 years

Your proﬁt is taxed in full at your marginal tax rate*.

During the 9th year

2/3 of your proﬁt is included in your assessable income*.

The remainder is tax free.

During the 10th year

1/3 of your proﬁt is included in your assessable income*.

The remainder is tax free.

After the 10th year

None of your proﬁt is subject to personal tax.

1 2 3 4 5 6 7 8 9 10 10+

The above tax treatment of withdrawals assumes the 125% rule has been met.

*A life insurance policy tax offset may apply to any potential tax liability from any proﬁt element of the withdrawal to compensate for the tax CMLA has paid. If your

personal tax rate is less than 30 per cent, any excess (unused) tax offset may be used to reduce tax on other income.

8 Investment Growth Bond

$10,000

$12,500

$15,625

$19,531

$24,414

$30,518

$38,147

$47,684

$59,605

125% contribution per year

Years

$74,506

The 125% rule

Additional contributions made each year may be considered

as part of your initial investment. In other words not every

contribution has to be invested for 10 years for your proﬁts to

receive the tax-paid status.

As long as contributions in each policy year don’t total

more than 125% of the previous year’s contributions, the

start date of the 10 year tax period will remain unchanged.

This means that some contributions don’t have to be

invested for the full 10 years for your proﬁt to acquire the

tax-paid status.

However, if contributions in a policy year exceed 125% of the

previous year’s contributions, the start date of the 10 year tax

period will change to the start of the policy year in which the

excess contributions were made.

Your policy year is based on when your policy initially

commenced.

An example of the maximum annual contributions you can

make while complying with the 125% rule is illustrated in

the graph below. (Note: this assumes an initial investment of

$10,000 and the maximum amount allowable under the 125%

rule is contributed each year.)

If no further contributions are made in any one policy year, any

contributions received in a subsequent year would be treated

as exceeding the 125% limit. This would result in a re-start of

the 10 year tax period.

If you know a contribution will exceed the 125% rule and you

want to preserve your original 10 year tax proﬁle, it may be more

appropriate to start a new policy. If you start a new policy it means

the start date of your existing policy remains unchanged under

the tax rules. You should discuss this with your ﬁnancial adviser.

We will keep you informed of your previous year’s

contributions by sending you an annual statement for the

period ended 30 June every year.

9Investment Growth Bond

Guarantees that can offer capital protection

Safety and security are important considerations for many people, especially when the market is volatile. The issuer of the Bond,

CMLA, offers a number of guarantees to protect your capital.

You’re investing in safe hands.

There are a number of guarantees within the Bond that offer capital protection.

Should the last surviving Life Insured reach their 99th birthday,

the Policy Owner may request a full withdrawal of the Bond

and the Death Beneﬁt Guarantee would still apply. As such, we

would pay the greater of the two amounts described above.

In this circumstance, the withdrawal documentation (see page

15) must be received at least 10 working days prior to the

last surviving Life Insured’s 99th birthday. The effective date

of the Death Beneﬁt Guarantee calculation will be the date of

the 99th birthday of the last surviving Life Insured. If the full

withdrawal request is not received by us within this required

time, the Death Beneﬁt Guarantee does not apply.

Once the beneﬁt has been paid under the Death Beneﬁt

Guarantee the Bond comes to an end. Where the last

surviving Life Insured dies after their 99th birthday the

cash value of the Bond will be payable. The Death Beneﬁt

Guarantee does not apply.

1. The Death Beneﬁt Guarantee (DBG)

The Death Beneﬁt Guarantee offers you knowledge that we can help protect your investment with us regardless of market

conditions.

CommInsure guarantees that if the last surviving Life Insured (see page 16) dies on or prior to their 99th birthday, we will pay the

greater of the following amounts as at the day all our claim requirements are met (see page 15):

a) the cash value of the Bond.

The cash value is the number of units held in the Bond multiplied by the unit price applicable at the relevant date.

b) the lesser of the Net Contribution Value and the Maximum Amount.

The Net Contribution Value is the total value of all deposits less any withdrawals that have occurred during the life of the policy,

less any Switching fees, Withdrawal fees and Adviser Service Fees deducted during the life of the policy (see page 26).

The Maximum Amount is limited to $1 million per Life Insured (or such other amount we advise you in writing). Where multiple

Investment Growth Bond policies have the same Life Insured nominated, CMLA will guarantee a total of the Maximum Amount

across all policies. Any decrease in the guarantee to the Maximum Amount would only apply to new policies from the date of

the change.

Your deposits are the initial contribution plus any subsequent contributions that you’ve made.

To qualify for the Death Beneﬁt Guarantee, the younger Life Insured on the policy must be aged less than 85 years of age at

policy commencement.

Example 1 - See illustration on following page

On the death of the last surviving life insured we will pay the

greater of:

a) the cash value

◆

Cash value = 50,000 units x $2.50 unit price = $125,000

b) the lesser of the Net Contribution Value and the

Maximum Amount

◆

Net Contribution Value = $120,000 (initial contribution) +

$50,000 (additional contributions) – $9,000 (withdrawals)

- $1,000 (Adviser Service Fees) = $160,000

◆

Maximum Amount = $1,000,000

In this example we would pay $160,000. The $35,000

difference between this amount and the cash value

represents the Death Beneﬁt Guarantee.

Example 2

On the death of the last surviving life insured we will pay the

greater of:

a) the cash value

◆

Cash value = 650,000 units x $1.36 unit price = $884,000

b) the lesser of the Net Contribution Value and the

Maximum Amount

◆

Net Contribution Value = $800,000 (initial contribution) +

$250,000 (additional contributions) – $10,000 (withdrawals)

= $1,040,000

◆

Maximum Amount = $1,000,000

In this example we would pay $1,000,000. The $116,000

difference between this amount and the cash value represents

the Death Beneﬁt Guarantee.

10 Investment Growth Bond

Example 1 - How the Death Benet Guarantee works

DBG

$35k

On the death of the last surviving life insured we will pay the greater of a) or b)

a) The cash value

50,000 units x $2.50 unit price = $125,000

b) The lesser of the Net Contribution Value and the

Maximum Amount

$120,000 (initial contribution) + $50,000

(additional contributions) - $9,000 (withdrawals) -

$1,000 (Adviser Service Fees) = $160,000

In this example we would pay $160,000. The $35,000 difference between this amount and the cash value represents the Death

Beneﬁt Guarantee.

01/01/17

Cash Value Net Contribution Value

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

01/01/21 01/01/25

01/01/19 01/01/23 01/01/27

01/01/18 01/01/22 01/01/26

01/01/20 01/01/24

Initial

contribution

$120k

Less Adviser

Service Fee

$1k

Additional

contribution

$50k

Withdraw

$9k

On death of the last surviving Life

Insured, the Estate would receive the

Net Contribution Value of $160k

11Investment Growth Bond

12 Investment Growth Bond

How the investment option guarantees work

2. Investment Option Guarantees

Guarantees are also provided by us for four investment options.

NC – Cash What is guaranteed?

The unit price will never fall.

This means any rise in the unit price since the units were purchased is also guaranteed.

NC – Global Fixed Interest What is guaranteed?

If you withdraw or switch units out of this investment option after they’ve been held by you

for at least two years, the unit price used to calculate the value of your withdrawal or switch

will be at least equal to the price at the time you were allocated those units or switched into

this option.*

NC – Conservative What is guaranteed?

If you withdraw or switch units out of this investment option after they’ve been held by you

for at least three years, the unit price used to calculate the value of your withdrawal or switch

will be at least equal to the price at the time you were allocated those units or switched into

this option.*

NC – Diversiﬁed What is guaranteed?

If you withdraw or switch units out of this investment option after they’ve been held by you

for at least three years, the unit price used to calculate the value of your withdrawal or switch

will be at least equal to the price at the time you were allocated those units or switched into

this option.*

Except to the extent that has just been stated:

◆

your investment with us is not guaranteed

◆

the value of your investment can rise and fall on a day-to-day basis.

*Withdrawals or switches out of these investment options before the number of years mentioned above will use the unit price calculated for the day on which the

withdrawal or switch occurs.

Application date 4 years date 6 years date

Unit Prices

Dates

Scenario 1: John invested $100,000 in the NC-Diversiﬁed

option and the unit price at application was $1.00. After four

years he withdraws 50,000 units, the unit price at the date of

withdrawal is $0.78.

This withdrawal is after the guarantee period of at least three

years, so John receives 50,000 x $1.000 = $50,000 rather

than the current unit price of $0.78 which would have been

$39,000. The guarantee has protected him against market risk.

Scenario 2: John after six years withdraws the balance of units

(50,000 units), the unit price at date of withdrawal is $1.50 per

unit. As the unit price is higher than the guaranteed unit price

the withdrawal amount is 50,000 units x $1.50 = $75,000.

Note: These scenarios do not take into account any personal

tax implications.

These scenarios demonstrate the advantage of the investment option guarantees,

protecting a client’s portfolio against market risk.

$1.50

$1.00

$0.00

$0.78

13Investment Growth Bond

How do Iinvest?

Investing in the Bond is easy.

Investment maximum and minimum

Minimum initial investment $1,000

Minimum investment and balance per

investment option

$200

Minimum additional contribution $200

Maximum B

PAY

per contribution $100,000

If you wish to invest in the Bond you’ll need to complete

the Application Form at the back of this PDS and any of our

required Anti-Money Laundering Identiﬁcation forms.

You can pay the initial investment by:

◆

cheque – attach a cheque to your Application Form and

make it payable to ‘CMLA – Investment Growth Bond’; or

◆

BPAY

, which is a secure and convenient way to make

payments by phone or internet from your bank, building

society or credit union. We cannot accept BPAY

payments

from your credit or debit card.

If you indicate payment by B

PAY

on your Application

Form we’ll contact your ﬁnancial adviser (or you, if you

do not have an adviser) and provide you with your unique

Customer Reference Number (CRN). To make the payment,

you’ll need to use your CRN along with our Biller Code

303156.

◆

direct credit investment using recipient reference

‘IGB <insert your account name>’ into the following

bank account:

Account name: CMLA No 1 account, BSB: 062 000,

Account number: 1085 2246

Request a receipt for the deposit. Attach a copy of

the deposit receipt to your application and forward to

us by post.

Please note:

◆

we cannot process your Application until we:

• receive your completed Application Form

• verify your identity

• receive any other documents we may require, and

• receive your initial investment payment at our

registry ofﬁce.

◆

it’s also important to read ‘How are unit prices calculated?’

on page 28 to understand how your Application will be

processed.

When you invest in the Bond you’ll receive:

◆

a policy document, which tells you more about your

investment and sets out the terms of your policy, and

◆

a policy schedule giving details of the amount you’ve

invested and the investment options you have chosen.

Making transactions

Topping up your Bond

You can increase your investment in the Bond by making

additional contributions (see the 125% rule on page 9).

You’ll need to choose a payment method and provide us

with written instructions on how you’d like your contribution

to be invested. You can do this by sending a covering letter

or completing the Change of Details form available online at

commbank.com.au/igb

You can pay your additional contribution by:

◆

cheque – attach a cheque to your instruction and make it

payable to ‘CMLA – Investment Growth Bond’, or

◆

to use BPAY

, you’ll need your unique Customer Reference

Number (CRN) and our Biller Code 303156. If you don’t

have a CRN call us on 1800 624 100 from 8.30 am to 6 pm

(Sydney time), Monday to Friday.

BPAY

payments can be made by phone or internet from

your bank, building society or credit union. B

PAY

is an easy

way to make additional contributions. We do not accept

BPAY

payments from your credit or debit card. Any BPAY

payments from credit or debit cards will be returned to you.

The Colonial Mutual Life Assurance Society Limited (CMLA)

will not be responsible for any losses, delays or costs

associated with returning the contribution payment.

®Registered to BPAY

Pty Ltd ABN 69 079 137 518

Did you know?

You are able to make regular investments to your

Bond by setting up a regular BPAY

payment with your

ﬁnancial institution.

Please note:

◆

Unless advised otherwise, your additional contribution will

be invested according to your current investment option

instructions with us.

◆

If we receive any new investment option instructions

after we’ve allocated your contribution we’ll switch your

investment into the investment allocation you want.

◆

It’s important to read the section ‘How are unit prices

calculated?’ on page 28 to understand how your

contribution will be processed.

◆

You can keep track of your contributions and the 125%

rule (see page 9) by calling us.

◆

Additional contribution forms are available online at

commbank.com.au/igb or by calling us on 1800 624 100.

Switching between investment options

A switch is when you withdraw from one investment option and

invest into another in that bond. These two transactions will

be completed on the same day (see page 28). The minimum

amount you can switch is $200.

You have the ﬂexibility to switch investments at any time, with

no current switching fee (see page 26). All you need to do is

complete the Change of Details form available online at

commbank.com.au/igb

14 Investment Growth Bond

Before you switch, you need to check the risk and return

proﬁles of the different investment options to make sure they

suit your needs. Your ﬁnancial adviser can assist you with this.

We may add, close or remove any of the investment options

at any time. If either of the last two happens, we may switch

you to an alternative investment option that we consider

appropriate.

Making a withdrawal

Full or partial withdrawals

Although the Bond is designed for you to invest over the long

term, you can access your money at any time.

Minimum partial

withdrawal

Minimum automatic

regular withdrawal

$1,000 $500 (conditions apply)

Please note:

◆

When you make a full withdrawal, you’ll need to return your

Policy Schedule and Policy Document to us.

◆

For partial withdrawals, when redeeming units for the

purpose of calculating the withdrawal value we will start

with those units with the oldest date of issue.

◆

There may be tax implications for withdrawals made within

the 10 year tax period (see page 8).

◆

There are currently no withdrawal fees (see page 26).

◆

Withdrawal forms are available online at

commbank.com.au/igb or by calling us on 1800 624 100.

Automatic regular withdrawals

If you’d like to receive regular withdrawals from your Bond,

and you’ve invested at least $10,000, you can set up an

automatic withdrawal facility:

◆

you can choose monthly, quarterly, half-yearly, or yearly

regular payments, and the date the payments start and

ﬁnish

◆

you can increase your payments by a percentage

each year

◆

the minimum automatic withdrawal is $500.

This can be done as part of the Application Form, or once the

Bond has commenced, by completing the Change of Details

form available online at commbank.com.au/igb

Withdrawals on death

The investment, including any Death Beneﬁt Guarantee that

may be applicable (see page 10), will be paid as at the day

all our claim requirements are met.

The claim requirements can include:

◆

the Policy Document and Policy Schedule

◆

satisfactory proof of the claimant’s identity

◆

satisfactory proof of the death, specifying the cause of

death

◆

written instructions for the payment of the monies

◆

any other documents we may reasonably require.

15Investment Growth Bond

Ownership, Lives Insured

andNominating Beneciaries.

Three participants to a Bond

There can be three types of participants to a Bond:

◆

Policy Owner

◆

Life Insured

◆

Beneﬁciaries.

The Policy Owner

The legal owner of the Bond is known as the Policy Owner

(or Policy Holder). The Bond can also have joint owners.

If there is more than one Policy Owner, the Policy Owners

own the Bond as joint tenants.

Who can be a Policy Owner?

◆

anyone aged 16 years or older

◆

a company, trust or other legal entity (such as deceased

estates)

◆

children between the ages of 10 and under 16, with

parental or guardian consent.

Alternatively, an adult may wish to set up a Child Advancement

Policy (refer to the Child Advancement Policy section on the

following page for further information).

If there is only one Policy Owner and they die before the last

surviving Life Insured, ownership of the Bond will transfer to

the Policy Owner’s estate. If the Bond is jointly held, ownership

will pass to any surviving Policy Owners upon the death of a

joint Policy Owner.

The Life Insured

The Policy Owner can nominate one or more natural persons

of any age as a ‘Life Insured’ for the Bond. If you don’t

nominate a Life Insured, you (and any joint owners) will become

the Life/Lives Insured.

The Life Insured cannot be changed once the Bond has started.

If the last surviving Life Insured dies the Bond will cease

and the proceeds will be paid to either the Policy Owner,

nominated beneﬁciary or their estate, as applicable.

Beneﬁciaries

The Policy Owner is able to nominate one or more

beneﬁciaries where the Policy Owner is also the Life Insured.

Where the Bond is jointly held, all owners must be the Lives

Insured to be able to jointly nominate a beneﬁciary.

You can nominate beneﬁciaries by completing the form

at the back of this PDS. It’s important that you read the

rules on the Nomination of Beneﬁciary form before

nominating beneﬁciaries.

A nominated beneﬁciary will receive the proceeds of the

Bond tax free when we receive conﬁrmation of the death of

the last surviving Policy Owner (see page 15). If the Policy

Owner doesn’t nominate a beneﬁciary the proceeds of the

Bond will form part of the Policy Owner’s estate. If jointly held,

ownership passes to the surviving joint owner and existing

beneﬁciary nominations become null and void.

The surviving policy owner will need to advise us of their new

beneﬁciary nominations.

An advantage of nominating beneﬁciaries is that they can

receive the proceeds from the Bond upon the Policy Owner’s

death (in the proportions nominated by the Policy Owner)

without having to deal with issues such as delays in the

granting of probate.

16 Investment Growth Bond

Child Advancement Policy

Child Advancement Policies are designed for anyone,

such as a parent, grandparent, other family members or

friends, who’d like to invest for a child’s future ﬁnancial

needs. Child Advancement Policies cannot be set up in

joint Ownership.

Ownership of the policy will transfer to the child when they

reach the nominated age. This age is known as the ‘vesting

age’. For any one Child Advancement Policy

there can be only one Policy Owner and one Life Insured

(in this case, the child). These are some things you need to

consider before choosing a Child Advancement Policy:

◆

the child must be under the age of 16 at the start

of the policy

◆

the vesting age you stipulate can be any age from 10

to 25 years of age. If no vesting age is nominated then,

under current law, vesting will happen automatically

when the child turns 25 years of age

◆

if ownership vests to the child while the child is under

the age of 16, a parent’s or guardian’s signature is

needed for all contributions and withdrawals while the

child remains under the age of 16

◆

on reaching vesting age, transfer of ownership to the child

happens automatically, without any tax consequences,

and without incurring any fees or charges.

If the owner of a Child Advancement Policy dies before

the child has reached vesting age, ownership will transfer

to the Policy Owner’s estate.

Child Advancement Policy certiﬁcate

If you are giving the Child Advancement Policy as a

gift and would like a certiﬁcate, please indicate on the

Application Form. The certiﬁcate will be issued at no

additional cost to you.

Transfer of ownership

If the Policy Owner is aged 16 or over, they can arrange to

transfer (assign) ownership of the Bond to another party at

any time by completing a Memorandum of Transfer form and

sending it to us. They can contact us for the transfer form

on 1800 624 100 from 8.30 am to 6 pm (Sydney time),

Monday to Friday.

When ownership of the Bond is transferred, any existing

nominated beneﬁciaries become null and void. The new Policy

Owner should provide details of the beneﬁciaries they wish to

nominate (if any) on the Nomination of Beneﬁciary form at the

back of this PDS.

Ownership of a Child Advancement Policy may be transferred

to another person at any time before the child has reached

the vesting age. Please note: you may be required to pay any

applicable stamp duty for the transfer before sending us the

form. Please refer to your local Ofﬁce of State Revenue for

further information.

17Investment Growth Bond

Investment matters.

Your nancial adviser will explain to you the investment options and help

you consider which investment option or mix of investment options is

appropriate for you based on your personal circumstances, attitude to risk

and investment goals.

How your money is invested

Where is your money invested?

Your investment in the Bond is pooled with money from

other investors in the CMLA No. 1L Statutory Fund. The

aim is to improve returns to all investors by using a range of

investments usually unavailable to individual small investors.

Investments into the Bond are used to purchase units in the

selected investment option(s) (refer to pages 22-25). Changes

in the value of these units reﬂect the investment returns.

Selection and review of investment managers

In keeping with our goal to offer competitive investment options,

investment specialists are employed within the business

to manage the selection and ongoing review of appointed

investment managers. Investment managers are carefully

chosen for their expertise in a particular asset class. Selection

of the investment managers is based not just on their individual

merits, but also on their ability to complement each other’s

investment style to provide a more consistent investment

outcome in different market conditions. Once selected, each

investment manager is regularly monitored and evaluated on

a number of criteria, including their ongoing performance,

investment process, service levels and their overall ﬁnancial

stability, to ensure they continue to meet selection standards.

An investment manager for an underlying fund may be added,

or removed, but only after careful consideration. We reserve

the right to add or remove investment managers at any time,

or to change the allocation between investment managers

within an asset class, without notice.

Who manages your investments?

Details of the current investment managers in respect

of the underlying funds for the CommInsure Investment

Growth Bond can be found at any time on our website

at commbank.com.au/igb

Or you can contact us on 1800 624 100 to request details

of the changes in writing which we will send to you free of

charge.

Responsible investing

Environmental, Social and Governance (ESG) factors, can

have a material impact on investment outcomes and therefore

CommInsure considers these factors when determining each

investment option’s strategy. CommInsure is a signatory to the

Principles for Responsible Investment (PRI), which provides a

framework for the mainstream global investment community to

incorporate ESG factors into their investment processes.

CommInsure outsources the implementation of most of

its investment strategies to external investment managers

and it is expected that each investment manager will have

regard to ESG factors, including labour standards and ethical

issues if they believe they will have a meaningful impact on

investment performance. Each investment manager may have

its own policy on the extent to which labour standards or

environmental, social and ethical issues are taken into account

when making investment decisions. When selecting managers,

CommInsure considers the extent to which each manager

incorporates ESG factors into their investment processes.

CommInsure does not have a predetermined approach for

how managers or CommInsure in the case of assets managed

directly by CommInsure, should consider labour standards or

environmental, social or ethical factors when making investment

decisions.

CommInsure’s ESG approach is reﬂected in its PRI ratings,

receiving an A rating in ﬁve out of seven categories in 2019.

18 Investment Growth Bond

Your investment strategy.

There’s a lot to consider when you’re investing. Here are some of the

requirements to discuss and understand with your nancial adviser.

Time horizon

◆

The length of time you expect your money to be invested is

an important consideration when selecting your investment.

◆

If it’s a longer time, you may be able to afford to be more

aggressive as you can ride out the ups and downs of the

investment’s value. This may mean higher returns and

higher risk on your investment.

◆

With a shorter horizon you may want to invest more

conservatively, due to the same possible ups and downs.

Rate of return

◆

Another important consideration is the rate of return.

◆

The temptation may be to invest in the strategy that’s

expected to deliver the highest returns.

◆

Higher returns, however, are normally associated with

higher risks.

◆

Generally, strategies that invest primarily in growth assets

have, over the long-term, delivered the highest returns.

◆

It may not be necessary to take the higher risk to achieve

your investment goals.

Risk tolerance

◆

You also need to be comfortable with the risk level of your

investment. Some people can relax when their investment

goes up and down. Others can worry at the slightest drop

in value.

◆

A longer time horizon may mean that you are not as

concerned about any ﬂuctuations.

19Investment Growth Bond

Investment risks.

What is risk?

All investments are subject to risk and there are many

different types of risk. You need to know what they are and

consider how comfortable you are with them before choosing

an investment strategy.

Types of risk

Market

Investment returns are inﬂuenced by the performance of the

market as a whole. This means that your investments can

be affected by things like changes in interest rates, investor

sentiment and global events, depending on which markets or

asset classes you invest in.

Economic and political

Some countries or regions are often affected by situations

such as economic breakdown or political unrest. This

can have a negative impact on the returns and value of

investments in those areas.

Security speciﬁc

Some investments have their own inherent risks, e.g. the

value of a company’s shares can change due to changes in

management, business environment, economic market and

level of debt or proﬁtability.

Currency

Returns from unhedged international investments are

affected by exchange rates. When foreign currencies rise in

value relative to the Australian dollar there can be a positive

impact on returns. The opposite can happen when foreign

currencies fall.

Inﬂation

Ideally, you want your investments to perform at a level equal

to or greater than the inﬂation rate. Otherwise, in real terms,

your investment is falling.

Credit

Generally associated with cash and ﬁxed interest investments,

this is the risk that the borrower will default on the repayment

of the loan.

Interest rate

Also associated with ﬁxed interest investments, this is the risk

that interest rates will rise, resulting in capital loss.

Liquidity

Some investments, such as property and infrastructure may

be difﬁcult to liquidate. If an asset needs to be realised quickly,

it may have to be sold at a discount.

Management

Each investment option in the PDS has an investment manager

to manage your investments on your behalf. There is a risk that

the investment manager will not perform to expectation.

Ways to manage risk

Asset diversiﬁcation

The different types of risk have a different impact on the

performance of each asset class during a given period of time.

By diversifying your investments across several asset classes,

several geographic regions or even many different investments

of the same type, you reduce the risk that your investments

will perform badly if one asset class, region or investment

performs poorly during a given period of time.

Financial derivatives

In managing your investment, ﬁnancial derivatives such as

futures, options and forward rate agreements may be used.

Where ﬁnancial derivatives are used, controls are in place to

ensure derivatives exposure is managed within speciﬁed limits.

Ways to measure risk

Standard Risk Measure (SRM)

We have adopted the Standard Risk Measure (SRM), which

is based on industry guidance, to allow investors to compare

investment options that are expected to deliver a similar

number of negative annual returns over any 20-year period

(as outlined in the table below). The SRM for each option

is also a measure of the risk objective of the option. It is a

measure of the expected variability of the return of the option.

The SRM is not a complete assessment of all forms of

investment risk; for instance, it does not detail what the size of

a negative return could be or the potential for a positive return

to be less than an investor may require to meet their objectives.

Further, it does not take into account the impact of the

proportion of the management fee attributable to administration

costs and tax on the likelihood of a negative return.

Investors should still ensure that they are comfortable

with the risks and potential losses associated with their

chosen investment option(s). The SRM should not be

considered personal advice. Investors should regularly

review their investment decision with their ﬁnancial adviser.

Risk label

Estimated number of

negative annual returns

over any 20-year period

Very Low Less than 0.5

Low 0.5 to less than 1

Low to medium 1 to less than 2

Medium 2 to less than 3

Medium to high 3 to less than 4

High 4 to less than 6

Very high 6 or greater

20 Investment Growth Bond

21Investment Growth Bond

Fund NC* – Cash NC* – Global Fixed Interest NC* – Global Property NC* – Australian Shares NC* – International Shares

Investment objective To provide the highest level of security

with income from investments in

money marketsecurities.

To provide relatively stable returns

by investing in Australian and global

ﬁxed interestsecurities.

To provide long-term capital growth

and income from a diversiﬁed portfolio

of global listed property investments.

To provide long-term capital growth

through investment in Australian listed

company shares. This option may have

a high level of short-to-medium-term

volatility.

To provide long-term capital growth

through investment in global

listed company shares. This option

may have a high level of short-to-

medium-term volatility.

Risk/return proﬁle This option is suited to investors who

want a high degree of security.

This option is suited to investors who

want a reasonable level of security with

the potential to provide higher returns

than cash options.

This option is suited to investors

seeking the potential of high long-

term growth with some volatility over

shorter time periods.

This option is suited to investors

seeking high returns who are

prepared to accept volatility of

returns.

This option is suited to investors

seeking high returns who are prepared

to accept volatility of returns.

Recommended minimum

investment period

No minimum 3 years 7 years 7 years 7 years

Standard Risk Measure Very Low Medium Very high Very high Very high

Guarantees Yes. See page 13. Yes. See page 13. N/A N/A N/A

Asset allocation benchmarks

and ranges

Global shares 0% 0%

Australian shares 0% 0%

Global listed property 0% 0%

Alternatives 0% 0%

Fixed interest 0% 0%

Cash 100% 100%

Benchmark Range

100%

Global shares 0% 0%

Australian shares 0% 0%

Global listed property 0% 0%

Alternatives 0% 0%

Fixed interest 100% 80-100%

Cash 0% 0-20%

Benchmark Range

100%

Global shares 0% 0%

Australian shares 0% 0%

Global listed property 100% 95-100%

Alternatives 0% 0%

Fixed interest 0% 0%

Cash 0% 0-5%

Benchmark Range

100%

Global shares 0% 0%

Australian shares

100% 90-100%

Global listed property 0% 0%

Alternatives 0% 0%

Fixed interest 0% 0%

Cash 0% 0-10%

Benchmark Range

100%

Global shares 100% 90-100%

Australian shares 0% 0%

Global listed property 0% 0%

Alternatives 0% 0%

Fixed interest 0% 0%

Cash 0% 0-10%

Benchmark Range

100%

Date fund commenced in product 18 March 2013 18 March 2013 18 March 2013 18 March 2013 18 March 2013

Single-sector

investment options.

Your nancial adviser should talk you through the investment options

and help you consider which investment option or mix of investment

options will best suit you, your situation and your goals.

*NC - Nil Commission

1 For assets held outside of Australia, we have target levels of currency hedging. For Global Fixed Interest and Global Listed Property, we target a 100 per cent hedged currency position. For International

Shares, we target a 0 per cent hedged currency position. For Alternatives the targeted hedged currency position varies depending on the underlying Alternatives strategy. We reserve the right to change the

target levels of currency hedging at any time without prior notice to you. Actual levels of currency hedging may also differ to the target levels of currency hedging over time.

Information on asset allocation is subject to change. For up to date information call 1800 624 100 between 8.30 am and 6 pm (Sydney time) Monday to Friday, or log on to commbank.com.au/igb at any time.

22 Investment Growth Bond

Fund NC* – Cash NC* – Global Fixed Interest NC* – Global Property NC* – Australian Shares NC* – International Shares

Investment objective To provide the highest level of security

with income from investments in

money marketsecurities.

To provide relatively stable returns

by investing in Australian and global

ﬁxed interestsecurities.

To provide long-term capital growth

and income from a diversiﬁed portfolio

of global listed property investments.

To provide long-term capital growth

through investment in Australian listed

company shares. This option may have

a high level of short-to-medium-term

volatility.

To provide long-term capital growth

through investment in global

listed company shares. This option

may have a high level of short-to-

medium-term volatility.

Risk/return proﬁle This option is suited to investors who

want a high degree of security.

This option is suited to investors who

want a reasonable level of security with

the potential to provide higher returns

than cash options.

This option is suited to investors

seeking the potential of high long-

term growth with some volatility over

shorter time periods.

This option is suited to investors

seeking high returns who are

prepared to accept volatility of

returns.

This option is suited to investors

seeking high returns who are prepared

to accept volatility of returns.

Recommended minimum

investment period

No minimum 3 years 7 years 7 years 7 years

Standard Risk Measure Very Low Medium Very high Very high Very high

Guarantees Yes. See page 13. Yes. See page 13. N/A N/A N/A

Asset allocation benchmarks

and ranges

Global shares 0% 0%

Australian shares 0% 0%

Global listed property 0% 0%

Alternatives 0% 0%

Fixed interest 0% 0%

Cash 100% 100%

Benchmark Range

100%

Global shares 0% 0%

Australian shares 0% 0%

Global listed property 0% 0%

Alternatives 0% 0%

Fixed interest 100% 80-100%

Cash 0% 0-20%

Benchmark Range

100%

Global shares 0% 0%

Australian shares 0% 0%

Global listed property 100% 95-100%

Alternatives 0% 0%

Fixed interest 0% 0%

Cash 0% 0-5%

Benchmark Range

100%

Global shares 0% 0%

Australian shares

100% 90-100%

Global listed property 0% 0%

Alternatives 0% 0%

Fixed interest 0% 0%

Cash 0% 0-10%

Benchmark Range

100%

Global shares 100% 90-100%

Australian shares 0% 0%

Global listed property 0% 0%

Alternatives 0% 0%

Fixed interest 0% 0%

Cash 0% 0-10%

Benchmark Range

100%

Date fund commenced in product 18 March 2013 18 March 2013 18 March 2013 18 March 2013 18 March 2013

Up to 4% of the option may be invested in International Shares, with currency hedging at the discretion of the manager.

*NC - Nil Commission

target levels of currency hedging at any time without prior notice to you. Actual levels of currency hedging may also differ to the target levels of currency hedging over time.

23Investment Growth Bond

Multi-sector

investmentoptions.

Your nancial adviser should talk you through the investment options and

help you consider which investment option or mix of investment options will

best suit you, your situation and your goals.

Fund NC* – Conservative NC* – Diversiﬁed NC* – Managed NC* - Growth

Investment objective To invest in a diversiﬁed portfolio of

assets expected to generate a mix

of income and long-term capital

growth with an emphasis on stable

returns and a reasonably high levelof

security.

To invest in a diversiﬁed portfolio of

assets expected to generate a mix of

long-term capital growth and income

with a moderate level of security and

relatively stable returns.

To invest in a diversiﬁed portfolio of

assets expected to generate a mix of

long-term capital growth and income,

but which may be volatile in the short-

to-medium term.

To invest in a diversiﬁed portfolio of

predominantly growth assets expected

to generate a mix of long-term capital

growth and income but which may

be quite volatile inthe short-to-

medium term.

Risk/return proﬁle This option is suited to investors

who want returns that are less volatile

than from options with a greater bias

to growth investments.

This option is suited to investors seeking

long-term growth who are prepared to

accept some volatility of returns.

This option is suited to investors

seeking long-term growth who are

prepared to accept some volatility

of returns.

This option is suited to investors

seeking high returns who are

prepared to accept volatility of

returns.

Recommended minimum

investment period

3 years 5 years 6 years 7 years

Standard Risk Measure Low to medium Medium to high High High

Guarantees Yes. See page 13. Yes. See page 13. N/A N/A

Asset allocation benchmarks

and ranges

Date fund commenced in product 18 March 2013 18 March 2013 18 March 2013 18 March 2013

Global shares 19% 5-25%

Australian shares

19% 5-25%

Benchmark Range

Fixed interest 28% 15-45%

Alternatives 17% 0-25%

Cash 17% 10-35%

Growth Assets

Defensive Assets

55% 35-65%

45% 35-65%

Global shares 10% 4-20%

35% 15-45%

65% 55-85%

Australian shares

10% 4-20%

Benchmark Range

Fixed interest 38% 25-50%

Alternatives 15% 0-25%

Cash 27% 15-45%

Growth Assets

Defensive Assets

Up to 4% of the allocation to Australian Shares may be invested in International Shares, with currency hedging at the discretion of the manager.

*NC - Nil Commission

target levels of currency hedging at any time without prior notice to you. Actual levels of currency hedging may also differ to the target levels of currency hedging over time.

24 Investment Growth Bond

Your nancial adviser should talk you through the investment options and

help you consider which investment option or mix of investment options will

best suit you, your situation and your goals.

Fund NC* – Conservative NC* – Diversiﬁed NC* – Managed NC* - Growth

Investment objective To invest in a diversiﬁed portfolio of

assets expected to generate a mix

of income and long-term capital

growth with an emphasis on stable

returns and a reasonably high levelof

security.

To invest in a diversiﬁed portfolio of

assets expected to generate a mix of

long-term capital growth and income

with a moderate level of security and

relatively stable returns.

To invest in a diversiﬁed portfolio of

assets expected to generate a mix of

long-term capital growth and income,

but which may be volatile in the short-

to-medium term.

To invest in a diversiﬁed portfolio of

predominantly growth assets expected

to generate a mix of long-term capital

growth and income but which may

be quite volatile inthe short-to-

medium term.

Risk/return proﬁle This option is suited to investors

who want returns that are less volatile

than from options with a greater bias

to growth investments.

This option is suited to investors seeking

long-term growth who are prepared to

accept some volatility of returns.

This option is suited to investors

seeking long-term growth who are

prepared to accept some volatility

of returns.

This option is suited to investors

seeking high returns who are

prepared to accept volatility of

returns.

Recommended minimum

investment period

3 years 5 years 6 years 7 years

Standard Risk Measure Low to medium Medium to high High High

Guarantees Yes. See page 13. Yes. See page 13. N/A N/A

Asset allocation benchmarks

and ranges

Date fund commenced in product 18 March 2013 18 March 2013 18 March 2013 18 March 2013

Global shares 28% 15-40%

Australian shares

28% 15-40%

Benchmark Range

Fixed interest 18% 5-35%

Alternatives 19% 0-30%

Cash 7% 0-20%

Growth Assets

Defensive Assets

75% 55-85%

25% 15-45%

Global shares 34% 20-50%

Australian shares

34% 20-50%

Benchmark Range

Fixed interest 7% 0-25%

Alternatives 22% 0-30%

Cash 3% 0-25%

Growth Assets

Defensive Assets

90%

75-100%

10% 0-25%

Up to 4% of the allocation to Australian Shares may be invested in International Shares, with currency hedging at the discretion of the manager.

*NC - Nil Commission

target levels of currency hedging at any time without prior notice to you. Actual levels of currency hedging may also differ to the target levels of currency hedging over time.

25Investment Growth Bond

Type of fee or cost Amount* How and when paid?

Fees when your money moves in or out of the Bond

Establishment fee:

The fee to set up your investment.

Not applicable Not applicable

Contribution fee:

The fee for each contribution to your

investment.

Not applicable Not applicable

Withdrawal fee:

The fee on each withdrawal from your

investment.

Nil This fee is currently not being

charged

Termination fee:

The fee charged to close your

investment.

Not applicable Not applicable

Management fees

Management fee:

Includes investment costs,

administration costs, any premiums

associated with the Death Beneﬁt

Guarantee, and any guarantees

associated with the Bond.

The amount you pay for each

investment option:

NC - Cash 0.85% p.a.

NC - Global Fixed Interest 1.10% p.a.

NC - Conservative 1.20% p.a.

NC - Diversiﬁed 1.30% p.a.

NC - Managed 1.30% p.a.

NC - Growth 1.40% p.a.

NC - Global Property 1.50% p.a.

NC - Australian Shares 1.30% p.a.

NC - International Shares 1.40% p.a.

This fee is calculated as a percentage

of the total assets of the investment

option and is deducted from the

investment option assets before the

unit prices are calculated.

Service fees

Switching fee:

The fee charged for changing

investment.

Nil This fee is currently not being

charged.

Adviser Service Fee Agreed between you and your

ﬁnancial adviser(s)

A one-off Adviser Service Fee will be

deducted on the nominated date.

An ongoing Adviser Service Fee will

be deducted monthly.

Refer to page 27 for more details.

It’s important to understand the various fees and costs, and how they impact

on your investment. These fees may be deducted from your investment.

Fees and other costs.

*All ﬁgures disclosed include any net effect of GST.

Did you know?

Small differences in both investment performance and fees and costs can have a substantial impact on your long term returns.

For example, total annual fees and costs of 2% of your account balance rather than 1% could reduce your ﬁnal return by up to

20% over a 30 year period (for example reduce it from $100 000 to $80 000). You should consider whether features such as

superior investment performance or the provision of better member services justify higher fees and costs. You may be able to

negotiate to pay lower contribution fees and management costs where applicable. Ask the fund or your ﬁnancial adviser.

To ﬁnd out more

If you would like to ﬁnd out more, or see the impact of the fees based on your own circumstances, the Australian Securities and

Investments Commission (ASIC) website (www.moneysmart.gov.au) has a managed investment fee calculator to help you

check out different fee options.

26 Investment Growth Bond

Additional explanation of fees and costs

To explain a little more how the Management fees work,

here is an example.

◆

Management fee (0.85 per cent p.a. to 1.50 per cent

p.a.): if you have an average account balance of $10,000

over the year and you invest in the NC – Managed Fund

you’ll be charged $130. As this amount is deducted via the

unit price it won’t appear on your statements as a separate

transaction. The Management fee covers the costs of

managing your investment option and includes investment

and administration costs for the investment managers and

responsible entities of the underlying trusts in which we

invest. It does not include custody and other operating

expenses (e.g. audit fees) where these have been

deducted from the underlying assets. The management

fee is calculated as a percentage of the total assets of

the investment options and varies from time to time. It is

deducted from the investment option assets before the unit

prices are calculated.

Adviser Service Fees

You may agree with your ﬁnancial adviser to pay a fee

for the services they have provided and/or will provide to

you. This fee is optional and is negotiated by you with your

ﬁnancial adviser.

If you and your ﬁnancial adviser agree to have an Adviser

Service Fee then with your consent this may be deducted

from the Bond as a one-off fee and/or as an ongoing fee.

A one-off Adviser Service Fee must be nominated as a

ﬁxed dollar amount and you can nominate a future date

when it will be deducted. Where no future date is nominated,

we will generally deduct the Adviser Service Fee using the

Unit Price calculated on the business day after your

nomination is received.

An ongoing Adviser Service Fee can be speciﬁed as either

a ﬁxed dollar amount or a percentage based amount. Any

ongoing Adviser Service Fee will be deducted monthly, usually

within the ﬁrst ﬁve business days of a month.

Please note: where an Adviser Service Fee is selected we

do not monitor the amount of that Adviser Service Fee or

the services provided by the adviser. Financial advisers are

responsible for ensuring the set up and renewal notiﬁcation

of the Adviser Service Fee arrangement with you.

Any Adviser Service Fee request should also specify which

investment option(s) the amount should be deducted from.

Where no nomination is made, it will be deducted using a

pro-rata split across the value of the investment options held

at the time of the deduction.

Any ongoing Adviser Service Fee arrangement will continue

until such time that you notify us to cease or vary the

arrangement. We require at least seven business days

advance notice prior to the end of the month to cease or vary

any ongoing Adviser Service Fee arrangement. If we do not

receive your notice of cancellation or variation at least seven

business days before the end of month any ongoing Adviser

Service Fee that was due to be deducted for that month will

be deducted from the Bond. Your revised instructions would

then apply from the following month. You will need to liaise

directly with your ﬁnancial adviser where an amount higher or

lower than intended has been paid to them due to the delay in

receiving the revised instructions from you.

Example of a percentage based ongoing Adviser Service

Fee:

if you agree with your ﬁnancial adviser to pay an ongoing

Adviser Service Fee of 0.40 per cent p.a. and your existing

account balance is 100,000, then the monthly amount

deducted from your policy will be (0.40 per cent x 100,000) x

(31 / 365) = $34. The actual dollar amount paid each month

will vary in line with changes to the value of your policy.

Example of a ﬁxed dollar ongoing Adviser Service Fee:

if you agree with your ﬁnancial adviser to pay an amount of

$100 per month, then $100 will be deducted each month

from your policy.

Other payments

Under arrangements entered into by us prior to 1 July 2012,

the Australian Financial Services Licensee that your ﬁnancial

adviser is an Authorised Representative of, may also receive

payments of up to0.20 per cent based on the volume of

business they generate. Any suchpayments are made by us

and do not represent an additionalcost to you.

Further details on the remuneration received by your adviser

can be found in the Statement of Advice that they provided

to you.

Negotiation of fees

Management fees are not negotiable. You may, however,

advise us at any time in writing to cease or vary the payment

of any ongoing Adviser Service Fee.

Increases or alterations to fees

We reserve the right to increase or alter the following fees:

◆

Management fees may be increased up to the maximum

level stated in your Policy Document.

◆

The Switching fee is currently not being charged.

We are permitted to charge a fee of up to two per cent

of the amount switched.

◆

The Withdrawal fee is currently not being charged.

We are permitted to charge a fee of up to two per cent

of the amount withdrawn.

If we do increase or alter any fees, we’ll notify you at least 30

days before the fees change.

Rebates for large investments

We may from time to time apply rebates (in the form of

additional units) to large investments by you where the

investment is equal to, or in excess of a threshold as

determined by us. Generally speaking, the investment would

need to be at least $1 million to be considered for any rebate,

however we have the discretion to vary this threshold at any

time. Please call us if you would like more information about

whether we are offering a rebate.

Please note that any rebate would be paid by us.

27Investment Growth Bond

Additional information.

The following pages cover the important information youshould know.

How are unit prices calculated?

When you invest in the Bond, you’ll be allocated units in the

investment option(s) you selected. The value of the Bond is

made up of these units multiplied by the unit price for the

relevant investment option on that day.

The unit price is calculated by dividing the value of the

investment option by the total number of units in that option.

Unit prices are rounded by us to a set number of decimal

places.

The value of an investment option is based on the current

market value of the underlying assets of that option, less

management fees and an allowance for tax. Unit prices

ﬂuctuate with changes in the value of the investments of each

of the investment options.

There may be transaction costs associated with buying and

selling the underlying assets within options, such as brokerage

and stamp duty. These are built in to unit prices.

We must receive your request to invest, withdraw, or

switch at our ofﬁce of administration by 5 pm Sydney

time on any Sydney business day in order to process

your request as described below. Requests received

after 5 pm Sydney time will be treated as though they

were received on the following Sydney business day.

Established investments

We usually calculate unit prices based on market valuations

at the close of business each business day. The unit price

allocated for a business day is generally calculated on the

following business day.

New investments

The unit price that applies to any new investment will generally

be the unit price allocated for the business day on which your

completed Application Form (including your initial payment)

isreceived.

Please note: we can only process your Bond application

when we’ve received your initial investment, a completed

Application Form and our other required forms at our

ofﬁce of administration.

Additional contributions

The unit price that applies for additional contributions will

generally be the unit price allocated for the business day on

which your payment is received.

Withdrawals

The unit price for withdrawals is calculated as follows:

◆

full or partial withdrawals – the unit price will generally be

the unit price allocated for the business day on which your

completed withdrawal request is received

◆

regular withdrawals – the unit price will generally be the unit

price allocated for the business day the regular withdrawal

is scheduled to be withdrawn.

Switching

The respective withdrawal and deposit prices will generally be

the unit prices allocated for the business day on which your

completed switch instruction is received.

Please note: in unusual circumstances we are able to

delay processing withdrawals and switches for up to

one month.

Investment options

We may add, close, terminate or vary the investment options.

If we close or terminate an investment option, no further

investments or switches can be made into that option and

your current holding in that option may be switched to another

option as we consider appropriate. If we decide to make

these changes to the investment options we will give you one

month’s notice or any other period as permitted by law.

Unit pricing policies and procedures

We have unit pricing policies and procedures in place to

manage the unit pricing of your investment.

These policies ensure:

◆

your investment is appropriately valued in all circumstances,

and

◆

investors are treated consistently and equitably.

Suspension policy

Under extraordinary circumstances, such as during periods

of market disruption or other signiﬁcant events, we may need

to temporarily stop calculating unit prices and/or processing

transactions.

The types of events include, but are not limited to:

◆

where there is a signiﬁcant disruption to the data, systems

or other applications necessary to establish a reliable

estimate of the value of assets, liabilities or unit prices

◆

where unforeseen events mean that the valuation of assets

cannot in good faith be estimated

◆

where there is a signiﬁcant market movement and/or cash

inﬂows/outﬂows which are large relative to the value of the

investment option.

The calculation of unit prices and transaction processing will

resume when the risk to investor interests as a whole has

abated or been mitigated to a level acceptable to us based on

the consideration of the interests of our investors.

During such events, information and updates will be available

to you. Simply call us on 1800 624 100 between 8.30 am and

6 pm (Sydney time), Monday to Friday.

Backdating and other events

Backdating happens when a transaction needs to be

processed with an old unit price rather than the current unit

price. For example, to meet the obligations under a policy, a

unit price at the date the instruction is received may be used

rather than at the date the instruction is processed.

28 Investment Growth Bond

We will:

◆

backdate transactions where necessary to ensure that

transacting investors receive the appropriate unit prices

required by the relevant policy obligations

◆

make appropriate adjustments to the unit price of

affected investment options to mitigate the impacts of

the backdating and ensure that investors are not unduly

affected.

We may also:

◆

need to make adjustments to unit prices to ensure they

reﬂect the ‘best estimate’ of the net value of the investment

option and its units; and

◆

adjust the calculation of its unit prices, rather than suspend

unit pricing, in circumstances where:

• errors are known to have occurred in calculating a unit

price before it was released, or

• there are reasonable grounds to suspect an error

has occurred, which could not have been corrected

immediately or would have taken time to investigate

further, or

• where we believe the available asset valuations do not

reﬂect the true or fair value of those assets, or

• there are inconsistencies between the value of assets

and liabilities.

Automatic Exchange Of Information (AEOI)

Australia is one of many countries that has passed laws

and entered into international agreements for the automatic

exchange of account information to assist in making sure

everyone pays the right amount of tax. As a result, Financial

Institutions are required to identify foreign tax residents and

report their details and relevant ﬁnancial account information

to their local tax authority (in Australia, this is the Australian

Taxation Ofﬁce). Tax authorities will then exchange this

information with other countries who have passed similar laws.

There are two AEOI laws that may affect you, Foreign Account

Tax Compliance Act and the Common Reporting Standard.

Foreign Account Tax Compliance Act

(FATCA)

FATCA is the United States (US) Government’s legislative

framework to improve compliance with US tax laws. FATCA

imposes certain requirements including the provision of

information to the Internal Revenue Service (IRS) on foreign

(non-US) ﬁnancial institutions, including Australianinstitutions.

The Australian Government has in place an intergovernmental

agreement (IGA) with the US Government. Under the terms

of the IGA, we will provide the Australian Taxation Ofﬁce (ATO)

with any required information which would otherwise be

required to be submitted to the IRS.

Financial institutions are required to review customer accounts

to determine whether they are reportable accounts (accounts

held by US citizens or US tax residents) and report this

information periodically to the ATO. The information will only

relate to investors who are identiﬁed as US residents or those

whose residency cannot be identiﬁed due to insufﬁcient

29Investment Growth Bond

Additional information (continued)

information being provided (‘non-compliant accountholders’).

Non-compliant account holders may be subject to a 30 per

cent withholding tax on part or all of the payments received

from USsources.

Common Reporting Standard (CRS)

The CRS is a global standard for the collection and exchange

of account information. You will be required to certify your

residence for tax purposes and if you are a foreign tax resident,

to supply your tax identiﬁcation number or equivalent if you have

one. Where the account holder is an entity, we may also require

this information from certain individuals associated with the

entity, such as owners or controllers.

Once you have an account, we may also contact you from

time to time to conﬁrm your tax residency and may request

additional documentation in support.

Where you are a foreign tax resident, or we have information

in our records that indicate you may be a foreign tax resident

but you have failed to respond to any request for clariﬁcation,

we are obliged to report certain account information annually

to the ATO, who will then exchange this information with the

tax authority in the appropriate country.

How do I access information?

Simply call us on 1800 624 100 between 8.30 am and 6 pm,

Monday to Friday (Sydney time).

You can:

◆

get your investment balance

◆

get the latest unit prices

◆

get up-to-date investment performance information, and

◆

change your address details.

What information will I receive?

You should keep this PDS for future reference. When you

invest in the Bond you’ll receive:

◆

a Policy Document, which tells you more about your

investment and sets out the terms of your policy with

CMLA

◆

a Policy Schedule giving details of the amount you’ve

invested and the investment options you’ve chosen, and

◆

an Annual Statement that keeps you informed about

yourinvestment.

We may also provide you with conﬁrmation notices after

processing any transaction requests received from you.

Policy variation

CommInsure has the right to vary any of the terms and

conditions, or any beneﬁts provided under the Bond, which

CommInsure considers necessary if the law changes and

as a result:

◆

our investment rights and powers are restricted or removed

◆

it becomes impossible or impracticable to carry out our

valuation procedures in the way they’re speciﬁed in the

Policy

◆

the basis of taxation for us or the Bond is changed, or

◆

government levies or taxes are imposed or changed.

We may also change the way we calculate the unit prices,

or any other Policy provisions, for any other reason. We’ll

give you one month’s written notice of these changes (or any

greater period required by law).

Changes to this PDS

The information in this PDS is up-to-date as at the issue date

on the front cover, but may change from time to time. We may

update information that is not materially adverse to you and

make it available at commbank.com.au/igb. Alternatively,

you can call us on 1800 624 100 between 8.30am and 6pm

Monday to Friday for a free paper copy of the information.

If we make a change that is materially adverse, it will be

communicated in writing by way of a Supplementary Product

Disclosure Statement (SPDS) or a new PDS. We will generally

notify you in advance of any material change to your policy

before it occurs, and in any event as soon as practicable after

the change.

Effective date of your policy

The effective date of your policy is the date that all application

requirements, including your investment amount, are received

and accepted by us. Your policy will generally be processed

using the unit price calculated as at the close of business on

the same business day that your policy commences.

Any money received is held in a suspense account until all

requirements are ﬁnalised and does not attract interest. Where

all requirements have not been received within 28 days, your

money will be returned.

Cooling-off period

A 14 day ‘cooling-off period’ will apply to your initial

investment in the Bond under certain circumstances.

If, during the 14 day cooling-off period, you decide that

the investment does not meet your needs, then simply

advise us in writing.

The 14 day period starts when your transaction conﬁrmation

is received by you or ﬁve days after units are issued,

whichever is earlier. We will refund your investment, reduced

or increased for market movements. This means that

the amount returned to you may differ from your original

investment. If an amount has been deducted for an Adviser

Service Fee during the cooling-off period, this will also be

refunded.

30 Investment Growth Bond

Complaints handling procedures

Most enquiries can be resolved quickly by simply talking with

us. You can call us on 1800 624 100 between 8.30 am and 6

pm (Sydney time), Monday to Friday, so we can help.

If your enquiry is not resolved to your satisfaction, you may

lodge a complaint by talking with us. Alternatively, you may

lodge your complaint in writing by sending your complaint to:

Customer Relations

PO Box 234

PARRAMAT TA NSW 2124

Or via email to:

CMLAcustomerrelations@cba.com.au

Please mark your letter ‘Notice of Complaint’

When you make a complaint we will:

◆

acknowledge your complaint

◆

give you a reference number and contact details so that

you can follow up if you want to

◆

make sure we understand the issues and investigate the

cause of your concern

◆

do everything we can to ﬁx the problem

◆

respond to you as quickly as possible

◆

keep you informed of our progress if the matter can’t be

resolved quickly

◆

keep a record of your complaint.

Australian Financial Complaints Authority (AFCA)

If you’re not satisﬁed with our handling of your complaint or

our decision, you may refer your complaint to the Australian

Financial Complaints Authority (AFCA). AFCA offers a free

independent dispute resolution service for consumer and

small business complaints.

You can contact AFCA on 1800 931 678 between 9 am

and 5 pm (Sydney time), Monday to Friday from anywhere in

Australia, online at www.afca.org.au, or by writing to:

Australian Financial Complaints Authority

GPO Box 3

Melbourne VIC 3001

Anti-Money Laundering and

Counter-Terrorism Financing laws

& Sanctions laws

We are required to comply with these laws, including the

need to establish your identity (and, if relevant, the identity of

other persons associated with your account). Instructions for

completing the identiﬁcation process are included with the

Application Form in this PDS.

Additionally, from time to time, we may require additional

information to assist with this process. We may be required

to report information about you to the relevant authorities.

We may not be able to tell you when this occurs.

We may not be able to transact with you or other persons.

Thismay include delaying, blocking, freezing or refusing

to process a transaction or ceasing to provide you with a

product or service. This may impact on your investment and

could result in a loss of income and principal invested.

Identication and Verication form

All clients applying for a new Bond must complete the

identiﬁcation procedures for the purposes of Anti-Money

Laundering and Counter-Terrorism Financing laws.

We have included the Individuals and Sole Traders

Identiﬁcation and Veriﬁcation form within the Application

Form. If you are making an Application for a non-individual

(for example, a company or trust) you will be required to

complete different forms to establish your identity, which can

be obtained from our forms library at commbank.com.au/igb

or by calling us on 1800 624 100. Advisers can also access

these forms through the CommInsure adviser’s website.

A list of the parties who can certify copies of the documents

is set out in the Application Form. To be correctly certiﬁed we

need the ID documents to be clearly noted ‘True and correct

copy of the original document’. The party certifying the ID

documents will also need to print their name, state what

position they hold and sign and date the certiﬁed documents.

If this certiﬁcation does not appear, you may be asked to send

in new certiﬁed documents.

Electronic communication

If you’ve given us your electronic contact details, we may

use these details to provide information to you electronically,

for example, sending reminders via SMS or email. You may

also receive information on AIA Group products and services

electronically.

If you prefer to receive paper forms of communication from

us and want to opt out of electronic forms of communication,

you can tell us by calling 1800 624 100 between 8.30 am and

6 pm (Sydney time), Monday to Friday.

Privacy of your personal information

CMLA’s Privacy Policy

In this section, ‘we’, ‘our’ and ‘us’ means The Colonial Mutual

Life Assurance Society Limited.

CMLA has entered into a Joint Cooperation Agreement with

AIA Australia Limited (AIA) and Commonwealth Bank of

Australia (CBA) for the joint operation of the CMLA and AIA

businesses. As part of operationalising the Joint Cooperation

Agreement, CMLA has adopted the AIA Australia Group

about how we, and the AIA Australia Group, handle personal

information. More information can be found in the full version

of the AIA Australia Group Privacy Policy which can be found

at aia.com.au/privacy. The AIA Australia Group comprises

CMLA, CMLA Services Pty Ltd ABN 88 622 557 251,

Jacques Martin Pty Ltd ABN 55 006 100 830 and Jacques

Martin Administration and Consulting Pty Ltd ABN 24 006

787 748 AFSL 235037 as well as AIA, AIA Financial Services

Limited ABN 68 008 540 252 AFSL 231109 and their related

bodies corporate.

Collecting information

The information we collect about you as a customer includes

information such as your identity and contact details, other

personal details such as age, gender and ﬁnancial information.

We will not be able to administer this product for you without

this information.

31Investment Growth Bond

How we collect it

We collect this information directly from you and from others

such as service providers, agents, advisers, brokers, employers

or family members. Where you provide CMLA with information

about someone else you must have their consent to provide

their information to us as described in the AIA Australia Group

The law may require us to identify our customers. We do this by

collecting and verifying information about you and persons who

act on your behalf. The collection and veriﬁcation of information

helps to protect against identity theft, money-laundering

and other illegal activities. We may disclose your personal

information in carrying out veriﬁcation, e.g. we may refer to

public records to verify information and documentation or we

may verify with an employer that the information that you have

given is accurate.

What we collect

Depending on whether you are an individual, trustee, company

or other type of organisation, the information we collect may vary.

In some instances, we may collect medical and lifestyle

information. Where we need to obtain lifestyle and medical

information from health professionals or other parties, we will

ask for your consent, except where otherwise permitted by law.

If you’re commonly known by two or more different names,

you must give us full details of your other name or names.

Where it is necessary to do so, we also collect information on

individuals such as company directors and ofﬁcers (where the

company is our customer), as well as customers’ agents and

persons dealing with us on a ‘one-off’ basis.

Also, during your relationship with us we may also seek and

collect further information about you and about your dealings

with us.

Accuracy

It’s important you provide us with accurate and complete

information. If you don’t, you may be in breach of the law and

we may not be able to provide you with products and services

that best suit your needs.

CBA Group Companies

CBA has agreed to distribute our and AIA Australia Group

products and services. For some AIA Australia Group

members, CBA provides services that support our products

and services or those of other AIA Australia Group members.

Accordingly the AIA Australia Group will disclose personal

information to CBA to help it distribute products or to enable

it to provide services to AIA Australia Group members. For

AIA Australia Group members who rely on CBA to provide

services, some personal information (but not sensitive

information) may be visible on CBA systems. For more

information on how information relating to CBA Group

Companies is managed please refer to our full privacy policy

at aia.com.au/privacy.

We may also share information for identity veriﬁcation and

foreign tax compliance reporting in respect of which we and

the CBA have agreed to act on each other’s behalf. This

allows us to both use the same customer information for these

purposes without needing to each ask for the information

separately. The information shared may include, for example,

names, contact details, date of birth, product details and

identity numbers such as foreign tax identiﬁcation or driver’s

licence numbers.

How do we use your personal information?

We collect, use and exchange your customer information so

that we can:

◆

establish and verify your identity and assess applications

for products and services

◆

price and design our products and services

◆

administer our products and services

◆

manage our relationship with you

◆

manage our risks and help identify and investigate illegal

activity, such as fraud

◆

contact you, for example if we need to tell you something

important

◆

conduct and improve our businesses and improve your

customer experience

◆

comply with our legal obligations and assist government

and law enforcement agencies or regulators

◆

identify and tell you about other products or services that

we think may be of interest to you

◆

to manage and administer our and our Afﬁliates’ and

partners’ business activities, products and services,

including the AIA Vitality program.

We may also collect, use and exchange your information in

other ways permitted by law.

Direct marketing

If you don’t want to receive direct marketing from us or want

to update your direct marketing preferences, you can tell us

by calling 1800 624 100 between 8.30 am and 6 pm (Sydney

time), Monday to Friday.

Gathering and combining data to get insights

Improvements in technology enable organisations, like us, to

collect and use information to get a more integrated view of

customers and provide better products and services.

The AIA Australia Group may combine customer information

it has with information available from a wide variety of external

sources (for example census or Australian Bureau of Statistics

data). We are able to analyse the data in order to gain useful

insights which can be used as mentioned above.

In addition, AIA Australia Group members may provide data

insights or related reports to others, for example to help

them understand their customers better. These are based on

aggregated information and do not contain any information

that identiﬁes you.

Protecting your information

We comply with the Australian Privacy Principles as

incorporated into the Privacy Act 1988 (Cth). The Privacy Act

protects your sensitive information.

Additional information (continued)

32 Investment Growth Bond

Who do we exchange your information with?

We may exchange your personal information with members of

the AIA Australia Group, so that the AIA Australia Group may

adopt an integrated approach to its customers. AIA Australia

Group members may use this customer information in the

same way we use your information (see ‘How do we use your

personal information?’).

Third parties

We may exchange your information with third parties where

this is permitted by law or for any of the purposes we use your

information.

Third parties include:

◆

those who refer your business to us

◆

any person acting on your behalf, including your ﬁnancial

adviser, solicitor, accountant, executor, administrator,

trustee, guardian or attorney

◆

external product providers into which you might direct

some of your investment or other product providers to

which your investment might be transferred

◆

where we are required to under domestic or foreign law

◆

medical practitioners (to verify or clarify, if necessary, any

health information you may provide)

◆

reinsurers and auditors

◆

organisations to whom we may outsource certain functions

◆

government and law enforcement agencies or regulators

◆

entities established to help identify illegal activities and

prevent fraud

◆

the life insured, policy owner or beneﬁciaries of a policy

issued by us.

In all circumstances where our contractors, agents and

outsourced service providers become aware of customer

information, conﬁdentiality arrangements apply. Customer

information may only be used by our agents, contractors and

outsourced service providers for our purposes.

We may be required to disclose customer information by

law, e.g. under Court Orders or Statutory Notices pursuant

to taxation or social security laws or under laws relating to

sanctions, anti-money laundering or counter terrorism ﬁnancing.

Sending information overseas

From time to time we may send your information overseas,

including to other AIA Group members and to service

providers or other third parties who operate or hold data

outside Australia. Where we do this, we make sure that

appropriate data handling and security arrangements are in

place. Please note that Australian law may not apply to some

of these entities.

Information may also be sent overseas to complete certain

transactions, or where this is required by law and regulation

of Australia or another country. Other overseas parties can

include reinsurers, medical or rehabilitation practitioners.

For more information about which countries we may send

your information to, see below under ‘Further information’.

Viewing your personal information

You can (subject to permitted exceptions) request access

to your personal information by contacting us on

1800 624 100 between 8.30 am and 6.00 pm (Sydney time),

Monday to Friday.

We may charge you for providing access. For more

information about our privacy and information handling

practices, please refer to the AIA Australia Group Privacy

Policy, which is available through aia.com.au/privacy.

Making a privacy complaint

We accept that sometimes we can get things wrong. If you

have a concern about your privacy you have a right to make a

complaint and we’ll do everything we can to put matters right.

For information on how to make a complaint, see below under

‘Further information’.

Further information

The AIA Australia Group Privacy Policy contains a more

detailed explanation of how we collect, use and share your

personal information, as well as the privacy complaints

process. Please read this by visiting aia.com.au/privacy or

(Sydney time), Monday to Friday.

How do you make changes?

To change your investment details, all you need to do is

complete the Change of Details form available online at

commbank.com.au/igb. You may wish to contact us on

1800 624 100 for assistance.

33Investment Growth Bond

®Registered to BPAY

Pty Ltd ABN 69 079 137 518

Checklist



Read this PDS carefully.



Complete each section of the application as required.



If you want to invest through a Child Advancement Policy,

complete section 3.

Please note that there can only be one Bond Owner and

one Life Insured when setting up a Child Advancement

Policy.

The Bond Owner should provide their details in Section 1,

and the details of the child should be provided in Sections

2 and 3.



Where the investment is being made by a child between

the ages of 10 and 16 – please complete Section 4

Parental/Guardian consent statement.



For individual/joint investors and sole traders, you or your

ﬁnancial adviser must also complete the Identiﬁcation and

Veriﬁcation Section 9 of the Application Form.



 For companies, partnerships, superannuation funds and

other entity types, you or your ﬁnancial adviser must also

complete the appropriate identiﬁcation form which can be

found in our forms library at commbank.com.au/igb or

by calling us on 1800 624 100.



Methods of payment

• Cheque (make payable to ‘CMLA – Investment

Growth Bond’)

• B

PAY

, you’ll need to use your Customer Reference

Number (CRN). We will contact you or your ﬁnancial

adviser to provide your unique CRN, if you nominate

BPAY

on your Application Form. To make the payment

you will need to use your CRN along with our Biller

Code 303156.

BPAY

payments can be made by phone or internet

from your bank, building society or credit union. We do

not accept BPAY

payments from your credit or debit

card. Any BPAY

payments from credit or debit cards will

be returned to you and CMLA will not be responsible

for any losses, delays or costs associated with returning

the payment.

• Direct credit investment using recipient reference

‘IGB <insert your account name>’ into the following

bank account:

Account name: CMLA No 1 account

BSB: 062 000

Account number: 1085 2246

Request a receipt for the deposit. Attach a copy of the

deposit receipt to your application and forward to us.

Where to send

Please send your Application Form, cheque or direct deposit

receipt (if applicable), and certiﬁed ID, to:

Post Investment Growth Bond

New Business

PO Box 320

Silverwater NSW 2128

Adviser use only

eProcess Scan and email forms to:

NewBusinessIGB@cba.com.au

Fax 1300 852 094

If you do not have a ﬁnancial adviser, please ensure you

send your application and applicable documents via post

only. We cannot accept email or fax.

So you’ve decided to invest.

Investment Growth Bond34

INVESTMENT GROWTH BOND APPLICATION FORM

Before you sign this Application, you must read the Product Disclosure Statement

(PDS) dated 1 November 2019. The PDS will help you to understand the product and

decide whether it’s appropriate to your needs.

Policy No:

Ofﬁce Use Only

◆

All Applicants need to complete this section and Section 5.

◆

If there is more than one Applicant, they will own the policy as joint tenants.

◆

If the Applicant is a child between 10 and 16 years old then please ensure Section 4 is completed.

◆

If this Application is for a Child Advancement Policy then please ensure both Sections 2 and 3 are completed.

SECTION 1 - APPLICANT(S) DETAILS

Please write in BLOCK letters and use a black ballpoint pen. Fields marked with an asterisk (*) must be completed for the purposes of

Anti-Money Laundering and Counter-Terrorism Financing laws and the Foreign Account Tax Compliance Act (FATCA). In this Application,

‘you’ and ‘I/we’ refers to the proposed Applicant(s) or Life/Lives Insured or both as indicated.

Issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA).

‘CommInsure’ is used under licence by CMLA.

INVESTMENT GROWTH BOND

APPLICATION FORM.

1. For Company, Fund or Trust applications, please complete the appropriate Anti-Money Laundering and Counter Terrorism Financing form that can be

downloaded from commbank.com.au/igb or contact us on 1800 624 100 to request a copy.

003-886 011119 (BRC25)

Is the investor an individual?

Is this a Child Advancement Policy?

Yes

Complete below or

Complete only one Bond Owner in Section 1 and one Life Insured in Section 2.

Go to Company, Fund or Trust details on page 36

Given name(s)* Given name(s)*

For sole trader, full business name* (where applicable) For sole trader, full business name* (where applicable)

Surname* Surname*

Home phone number Home phone number

Mobile Mobile

Email address Email address

Date of birth* Date of birth*Gender Gender

/ / / /

Female FemaleMale Male

Occupation and position title (please specify if retired)* Occupation and position title (please specify if retired)*

For sole traders, ABN (if any)* For sole traders, ABN (if any)*

Residential/Business address* (PO Box is not acceptable) Residential/Business address* (PO Box is not acceptable)

State StatePostcode PostcodeCountry Country

Mailing address Mailing address

State StatePostcode PostcodeCountry Country

Other OtherMr MrMs MsMrs MrsMiss Miss

Bond Owner 1 (‘Applicant 1’)

Bond Owner 2 (‘Applicant 2’) (N/A for Child Advancement Policy)

Source of funds* (e.g sale of property, accumulated savings) Source of funds* (e.g sale of property, accumulated savings)

35Investment Growth Bond

Bond Owner 1 (‘Applicant 1’) Bond Owner 2 (‘Applicant 2’)

Investor – Company, Fund or Trust

Company/Fund/Trust name* Company/Fund/Trust name*

Type of Investor* Type of Investor*

Company Fund Trust Company Fund Trust

Principal business/trust activity* Principal business/trust activity*

Country established, if not Australia*

Source of funds* (e.g sale of property, accumulated savings) Source of funds* (e.g sale of property, accumulated savings)

Country established, if not Australia*

Phone number Phone numberABN* ABN*

Are you a charity?* No

Yes Are you a charity?* No Yes

Business address* (PO Box is not acceptable) Business address* (PO Box is not acceptable)

Mailing address Mailing address

State StatePostcode PostcodeCountry Country

Given name(s)* Given name(s)*

Contact Person Contact Person

Home phone number Home phone number

Mobile Mobile

Email address Email address

Surname* Surname*

SECTION 1 - APPLICANT(S) DETAILS

1. For Company, Fund or Trust applications, please complete the appropriate Anti-Money Laundering and Counter Terrorism Financing form that can be downloaded from

commbank.com.au/igb or contact us on 1800 624 100 to request a copy.

003-886 011119 (BRC25)

Issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA).

‘CommInsure’ is used under licence by CMLA.

36 Investment Growth Bond

INVESTMENT GROWTH BOND APPLICATION FORM

SECTION 2 - LIFE/LIVES INSURED

The Investment Growth Bond is a life insurance policy. For Child Advancement Policies the child must be listed as the Life Insured

and only one Life Insured may be nominated.

Life Insured 1 Life Insured 2 (N/A for Child Advancement Policy)

Home phone number Home phone numberMobile Mobile

The Life/Lives insured cannot be altered once the policy has commenced.

The Death Beneﬁt Guarantee is based on the death of the life/lives insured not the Bond owner(s).

Residential address* (PO Box is not acceptable) Residential address* (PO Box is not acceptable)

Mailing address Mailing address

State StatePostcode PostcodeCountry Country

Other OtherMr MrMs MsMrs MrsMiss Miss

Date of birth* Date of birth*

/ / / /

Gender Gender

Female Female

Male Male

Complete this section if you wish to set up a Child Advancement Policy and the child is under 16 years old.

Please note, only one child may be nominated as the Life Insured and only one Bond Owner can apply.

The Bond Owner should also provide details in Section 1.

I declare that the Policy issued on the basis of this Application on the life of

shall be a Child Advancement Policy in accordance with the provisions of the Life Insurance

Act 1995 and on the child’s (10

– 25

)

birthday shall become the absolute property of the child (please note where

no vesting age is nominated, the transfer will occur when the child turns 25).

Please note that this will be shown on the certiﬁcate exactly as it is written above. The certiﬁcate will be issued with the policy

Welcome Letter.

From

Is the Child Advancement Policy a gift, tick (✔) if you would like a certiﬁcate to be issued?

Please provide the following information to be shown on the certiﬁcate (please print clearly):

/ /

Date of birth

SECTION 3 - CHILD ADVANCEMENT POLICY

Given name(s)* Given name(s)*

Surname* Surname*

Email address Email address

Yes

/ /

Date

Signature of Bond Owner

✗

Issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA).

‘CommInsure’ is used under licence by CMLA.

003-886 011119 (BRC25))

37Investment Growth Bond

SECTION 5 - FATCA AND TAX RESIDENCY

This consent is not required for a Child Advancement Policy.

This section must be completed by the parent/guardian if the Bond Owner is age 10 or more, but less than age 16.

as a parent/guardian of

hereby consent to this Application on the life of

SECTION 4 - PARENTAL/GUARDIAN CONSENT STATEMENT

Signature of parent(s)/guardian(s)

/ /

Date

Signature of parent/guardian 1

✗

Signature of parent/guardian 2

✗

Please answer both tax residency questions:

If the individual is a tax resident of a country other than Australia, please provide their tax identiﬁcation number (TIN) or equivalent below. If

they are a tax resident of more than one other country, please list all relevant countries below.

A TIN is the number assigned by each country for the purposes of administering tax laws. This is the equivalent of a Tax File Number in

Australia or a Social Security Number in the US. If a TIN is not provided, please list one of the three reasons speciﬁed (A, B or C) for not

providing a TIN.

If the individual is a tax resident of a country other than Australia, please provide their tax identiﬁcation number (TIN) or equivalent below. If

they are a tax resident of more than one other country, please list all relevant countries below.

A TIN is the number assigned by each country for the purposes of administering tax laws. This is the equivalent of a Tax File Number in

Australia or a Social Security Number in the US. If a TIN is not provided, please list one of the three reasons speciﬁed (A, B or C) for not

providing a TIN.

Bond Owner 1

Bond Owner 2

Is the investor a resident of Australia?*

Yes

Is the individual a tax resident of another country?*

Yes

This Section is mandatory to complete as part of your application, the questions marked with an (*) must be completed.

Tax Residency rules differ by country. Whether an individual is a tax resident of a particular country is often (but not always) based

on the amount of time a person spends in a country, the location of a person’s residence or place of work. For the US, tax residency

can also be as a result of citizenship or residency.

If no TIN list reason:

A. The country of tax residency

does not issue TINs to tax

residents

B. The individual has not been

issued with a TIN

C. The country of tax residency

does not require the TIN to

be disclosed

1. Countr y TIN

If no TIN,

list reason

A, B or C

2. Country TIN

If no TIN,

list reason

A, B or C

3. Country

TIN

If no TIN,

list reason

A, B or C

If there are more countries, provide details on a separate sheet and tick this box

If no TIN list reason:

A. The country of tax residency

does not issue TINs to tax

residents

B. The individual has not been

issued with a TIN

C. The country of tax residency

does not require the TIN to

be disclosed

1. Countr y TIN

If no TIN,

list reason

A, B or C

2. Country TIN

If no TIN,

list reason

A, B or C

3. Country

TIN

If no TIN,

list reason

A, B or C

If there are more countries, provide details on a separate sheet and tick this box

Complete below

Yes

Complete below

003-886 011119 (BRC25)

Issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA).

‘CommInsure’ is used under licence by CMLA.

38 Investment Growth Bond

INVESTMENT GROWTH BOND APPLICATION FORM

SECTION 6 - INVESTMENT OPTIONS (FUNDS)

Minimum is $200 per option. The minimum initial investment is $1,000. Cash deposits will not be accepted.

Investment option Amount %

NC – Cash (3NCS) $

NC – Global Fixed Interest (3NFI) $

NC – Conservative (3NCO) $

NC – Diversified (3NDI) $

NC – Managed (3NBA) $

NC – Growth (3NGR) $

NC – Global Property (3NPR) $

NC – Australian Shares (3NAU) $

NC – International Shares (3NIN) $

Total $ 100%

Cheque (Please attach with this form, made payable to ‘CMLA - Investment Growth Bond’)

Direct credit (Instructions below)

Depos

it the investment using recipient reference ‘IGB <insert your account name>’ into the following bank account:

Account name: CMLA No 1 account, BSB: 0

62 000, Account number: 1085 2246

Reque

st a receipt for the deposit.

Mail th

e original Application documents with a copy of the deposit receipt.

Please note we do not direct debit funds from a client’s bank account.

Please indicate (✔) how will you be paying

SECTION 7 - AUTOMATIC WITHDRAWAL FACILITY DETAILS

Complete this section if you will be investing at least $10,000 and you wish to arrange for regular payments from your investment.

of the value of units at each date (if less

than $500, no amount will be withdrawn)

Amount of each payment (minimum $500)

First withdrawal date

Last withdrawal date (if required)

Frequency

Monthly Quarterly YearlyHalf-yearly

Please complete the banking details to enable funds to be

deposited into an account.

Note: we will not pay automatic regular withdrawals by cheque.

Name of ﬁ

nancial institution

BSB (Branch number) Account number

Account name (must be in the name of the Bond Owner(s))

Initial investment amount

Please tick (✔) to conﬁrm any additional amounts received should be invested as per current investment option

Adviser use only

Attac

h a copy of the deposit receipt and fax all documents to CommInsure Administration on 1300 852 094. No cover

sheet is required OR

Scan al

l documents and attach the ﬁle to an email addressed to NewBusinessIGB@cba.com.au. The subject line

should read ‘New application for <insert clients name>’.

Retai

n the original Application documents in your client ﬁle.

BPAY

(Important: Please refer to page 14 of the PDS before using BPAY

If this is your initial investment then we will contact

your financial adviser (or you, if you do not have a financial adviser) and provide our

BPAY

Biller Code and your unique

Customer Reference Number (CRN). The maximum

BPAY

amount is $100,000.

® Registered to BPAY

Pty Ltd ABN 69 079 137 518

Issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA).

‘CommInsure’ is used under licence by CMLA.

003-886 011119 (BRC25)

39Investment Growth Bond

SECTION 8 - ADVISER SERVICE FEE(S)

Complete this section if you consent for CMLA to pay your ﬁnancial adviser(s) a one-off and/or an ongoing Adviser Service Fee.

One-off Adviser Service Fee

I/We consent for CMLA to deduct a one-off Adviser Service Fee of

(please specify the total dollar amount)

(insert date)*. Any payments to ﬁnancial advisers are in accordance with the arrangements we have with

their dealer group. My ﬁnancial adviser(s) and allocations are noted below.

Name of financial adviser Allocation of dollar or percentage amount**

If this date is prior to the commencement of the policy, we will deduct the one-off Adviser Service Fee one day after the

commencement date.

** Only required if the payment is to be split between two ﬁnancial advisers.

The amount nominated above should be deducted fr

om my chosen investment options as follows:

Investment option One-off Adviser Service Fee

NC – Cash (3NCS) $

NC – Global Fixed Interest (3NFI) $

NC – Conservative (3NCO) $

NC – Diversified (3NDI) $

NC – Managed (3NBA) $

NC – Growth (3NGR) $

NC – Global Property (3NPR) $

NC – Australian Shares (3NAU) $

NC – International Shares (3NIN) $

Please note: where you do not indicate which investment option(s) the one-off Adviser Service Fee is to be paid from, the amount will

be deducted on a pro-rata basis.

Ongoing Adviser Service Fee

I/We consent for CMLA to deduct an ongoing Adviser Service Fee of

each month or

each year. Any payments to ﬁnancial advisers are in accordance with the arrangements we have with their dealer group. My ﬁnancial

adviser(s) and allocations are noted below.

Name of financial adviser Allocation of dollar or percentage amount**

**Only required if the payment is to be split between two ﬁnancial advisers.

Allocation of ongoing Adviser Service Fee to be deducted from each Investment option

Please Note: if no nomination is made the ongoing Adviser Service Fee will be deducted on a pro-rata basis.

Investment option Fixed amount to be paid each month ($) or Allocation of percentage

NC – Cash (3NCS) $ %

NC – Global Fixed Interest (3NFI) $ %

NC – Conservative (3NCO) $ %

NC – Diversified (3NDI) $ %

NC – Managed (3NBA) $ %

NC – Growth (3NGR) $ %

NC – Global Property (3NPR) $ %

NC – Australian Shares (3NAU) $ %

NC – International Shares (3NIN) $ %

Total ongoing Adviser Service Fee $ 100%

003-886 011119 (BRC25)

Issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA).

‘CommInsure’ is used under licence by CMLA.

40 Investment Growth Bond

INVESTMENT GROWTH BOND APPLICATION FORM

Part 1 – Acceptable primary ID documents

Please Select

Part 2 – Acceptable secondary ID documents

Select ONE valid option from this section only

◆

Australian State/Territory driver’s licence containing a photograph of the person

◆

Australian passport (a passport that has expired within the preceding two years is acceptable)

◆

A card issued under a State or Territory law containing your Photograph and proof of age

◆

Foreign passport or similar travel document containing a Photograph and the signature of the person

Complete this section if you do not own a document from Part 1

Select one valid option from this section

◆

Australian birth certificate

◆

Australian citizenship certificate

◆

Pension or Health care card issued by Department of Human Services (previously known as Centrelink)

And one valid option from this section

(this document must contain both your full name and residential address)

◆

A document issued by the Commonwealth or a State or Territory within the preceding 12 months that

records the provision of financial benefits to you (e.g. pension statement)

◆

A document issued by the Australian Taxation Office within the preceding 12 months that records a debt

payable by you to the Commonwealth or a refund by the Commonwealth to you (e.g. notice of assessment)

◆

A document issued by a local government body or utilities provider within the preceding three months

which records the provision of services to you (e.g. electricity bill)

◆

If you are under the age of 18, a notice that was issued to you by a school principal within the preceding

three months and records the period of time that you attended that school

List of persons who can certify documents:

◆

A person who is enrolled on the roll of the Supreme Court of

a State or Territory, or the High Court of Australia, as a legal

practitioner

◆

A judge of a court

◆

A magistrate

◆

A chief executive officer of a Commonwealth court

◆

A registrar or deputy registrar of a court

◆

A Justice of the Peace

◆

A notary public (for the purposes of the Statutory Declaration

Regulations 1993)

◆

A notary public in a foreign country

◆

A police officer

◆

(Postal Agent) An agent of the Australian Postal Corporation who

is in charge of an office supplying postal services to the public

◆

(Post Office) A permanent employee of The Australian Postal

Corporation with two (2) or more years of continuous service who

is employed in an office supplying postal services to the public

◆

An Australian consular officer or an Australian diplomatic officer

(within the meaning of the Consular Fees Act 1955)

◆

An officer with two (2) or more years of service with one or more

financial institutions (for the purposes of the Statutory Declaration

Regulations 1993)

◆

A finance company officer with two (2) or more continuous years

of service with one or more financial companies (for the purposes

of the Statutory Declarations Regulations 1993)

◆

An officer with, or authorised representative of, a holder of an

Australian financial services licence, having two (2) or more

continuous years of service with one or more licensees

◆

A member of the Institute of Chartered Accountants in Australia,

CPA Australia or the National Institute of Accountants with two (2)

or more years of continuous membership

◆

Documents written in a language that is not English must be accompanied by an English translation prepared by an accredited translator.

◆

Documents in a previous name must be accompanied by a change of name certificate (e.g. marriage certificate).

Bond owner 1

Part 3 – Acceptable foreign ID documents

Complete this section if you do not own a document from Part 1

Select either

◆

National ID card issued by a foreign government containing a photograph and signature of the

person in whose name the document is issued

Or select two valid options from this section

◆

Foreign driver’s licence that contains your photograph and date of birth

◆

Foreign citizenship certificate

◆

Foreign government issued birth certificate

Bond owner 2

(Joint Owner)

SECTION 9 - IDENTIFICATION AND VERIFICATION FOR INDIVIDUALS AND SOLE TRADERS ONLY

You are required to complete this section and attach your certified ID documents and, if applicable, certified ID documents of your

Power of Attorney. The certifier must confirm that the photocopy is a true and correct copy of the original ID, followed by their

signature, name, qualification and date.

If your financial adviser (if applicable) meets the criteria below to certify your ID documents, your financial adviser must complete

section 10 of this Application Form.

Complete Part 1 (or if the individual does not own a document from Part 1, then complete either Part 2 or Part 3).

Issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA).

‘CommInsure’ is used under licence by CMLA.

003-886 011119 (BRC25)

41Investment Growth Bond

SECTION 10 - FINANCIAL ADVISER USE ONLY

Verify the individual’s full name and date of birth OR residential address.

Receipt of a completed form will constitute your agreement as a reporting entity that you have completed the identification and

verification of the investor for the purposes of Anti-Money Laundering and Counter-Terrorism Financing laws.

Bond Owner 1

ID document details Document 1 Document 2

Document type (eg Passport)

Verified from

Original Certified copy Original Certified copy

Document issuer

Issue date

Expiry date

Document number

Accredited English translation

N/A Sighted N/A Sighted

Bond Owner 2

ID document details Document 1 Document 2

Document type (eg Passport)

Verified from

Original Certified copy Original Certified copy

Document issuer

Issue date

Expiry date

Document number

Accredited English translation

N/A Sighted N/A Sighted

Lodging an Application for a CommInsure Investment Growth Bond via eProcess (fax or email) (adviser use only)

Please read the terms and conditions below carefully before following the eProcess instructions outlined.

eProcess instructions (adviser use only):

Complete all relevant sections of the Application form in the PDS, dated 1 November 2019.

Gather all required documentation, including the completed Application Form, identification and verification schedule, and any

other documentation requested. Refer to the checklist on page 34 of the PDS.

3. Fax all documents to CommInsure Administration on 1300 852 094. No cover sheet is required OR

4. Scan all documents and attach the file to an email addressed to NewBusinessIGB@cba.com.au. The subject line should read

“New application for <insert clients name>.”

Retain the original Application documents in your client file.

Depositing the initial investment via direct credit

When investing the initial investment can be directly deposited into CommInsure Investment Growth Bond bank account instead of

posting a cheque.

Instructions:

Deposit the investment using recipient reference ‘IGB <insert your account name>’into the following bank account:

Account name: CMLA No 1 account, BSB: 062 000, Account number: 1085 2246

Request a receipt for the deposit.

Attach a copy of the deposit receipt to the Application.

*Please note we do not direct debit funds from a client’s bank account.

eProcess terms and conditions (adviser use only):

By using the eProcess, I (the Advisers named in Section 10 of this Application) agree to the following additional terms and conditions:

1. Originals of all documents sent via the eProcess must be retained by me and be made available to CMLA upon request.

Documents sent to the nominated fax number are said to be received by CMLA on the date that they have a record of having

received the documents. However, if the fax is received after 5 pm on a Sydney business day, the fax will not be regarded as

being received until the next Sydney business day. I also understand that where CMLA has no record of receiving a document,

this may mean that I will have to recommence the application process and a new quote may be required.

Documents sent to the nominated email address are said to be received by CMLA on the date we have a record of sending an

acknowledgement back to you that the application has been received. If your original email is received after 5 pm on a Sydney

business day, then we will not view the email until the next Sydney business day.

The following requirements apply to deposits into the CommInsur

e Investment Growth Bond bank account

If you have banked the full amount in relation to any application into the bank account nominated by CommInsure, you must

attach a copy of the deposit receipt.

5. You must bank the full amount in relation to any application into the nominated bank account. Partial payments will mean that

the application process will not be able to commence until we have reconciled such payments.

6. If a payment is made into any bank account other than the one nominated by CommInsure above, CommInsure will not be

accountable for any financial losses incurred.

003-886 011119 (BRC25)

Issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA).

‘CommInsure’ is used under licence by CMLA.

42 Investment Growth Bond

INVESTMENT GROWTH BOND APPLICATION FORM

SECTION 10 - FINANCIAL ADVISER USE ONLY

Customer Contact

No Yes

If required, do you give us permission to contact the Bond Owner(s) direct to clarify any necessary matter?

I certify that I have provided the Bond Owner(s) with the Investment Growth Bond PDS with a date of 1 November 2019.

I certify that the adviser sections of the relevant Identiﬁcation and Veriﬁcation form for all Bond Owner(s) have been completed.

Where any Adviser Service Fee(s) have been noted in Section 8, I certify that I am able to set up this Adviser Service Fee

arrangement with the Bond Owner(s) and that they have agreed to this arrangement and that I have read and understood page 27

of the PDS (Adviser Service Fees).

Financial adviser declaration

✗

Signature of ﬁnancial adviser 1

Date

/ /

✗

Signature of ﬁnancial adviser 2

Date

Date Veriﬁed

/ /

Identiﬁcation and veriﬁcation conducted by

Name of ﬁnancial adviser 1

Name of ﬁnancial adviser 2

Financial adviser’s number

AFS Licensee name

Phone number

AFS Licence number

Before you enter into or become insured under a contract of life insurance with an insurer, you have a duty under the Insurance

Contracts Act 1984, to disclose to the insurer every matter that you know, or could reasonably be expected to know, that is relevant to

the insurer’s decision whether to accept the risk of insurance, and if so, on what terms.

You have the same duty to disclose those matters to the insurer before you renew, extend, vary or reinstate a contract of life insurance.

Your duty, however, does not require disclosure of a matter:

◆

that diminishes the risk to be undertaken by the insurer

◆

that is common knowledge

◆

that your insurer knows or, in the ordinary course of its business, ought to know, or

◆

as to which compliance with your duty is waived by the insurer.

Non disclosure

If you fail to comply with your Duty of Disclosure and the insurer would not have covered you on any terms if the failure had not

occurred, the insurer may void your cover within three years of issuing it. If your non-disclosure is fraudulent, the insurer may void your

cover at any time.

As insurer who has not voided your cover within three years of issuing it may elect to reduce the sum that you have been insured for in

accordance with a formula that takes into account the premium that would have been payable if you had disclosed all relevant matters

to the insurer.

SECTION 11 - DUTY OF DISCLOSURE

Issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA).

‘CommInsure’ is used under licence by CMLA.

003-886 011119 (BRC25)

43Investment Growth Bond

Mail this application to:

Investment Growth Bond – New Business

PO Box 320, Silverwater NSW 2128

I/We wish to apply to The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA) for the life insurance

policy detailed in this Application.

I/We have read and understood:

◆

The Investment Growth Bond PDS. My/Our decision to apply for this policy is based on the material received and my/our understanding of

the information included in the PDS

◆

My/Our ‘Duty of Disclosure’ in Section 11 of this Application. I am/we are aware of the consequences of non-disclosure. I/We understand that

my/our duty to disclose continues after I/we have completed this Application until CMLA has accepted the Application for insurance in writing.

I/We declare that:

◆

The answers to all questions, declarations and all information supplied by me or on my behalf in relation to this application is true and

correct (including those not in my/our own handwriting)

◆

All information supplied by me or on my behalf in relation to this application is true and correct

◆

I will promptly advise CMLA if it changes

◆

Where the applicant is an individual, I certify that I am the named person or am authorised to provide this information on their behalf

◆

Where the applicant is an entity, I am authorised by, and have the consent of, the entity & any Beneﬁcial Owners* to provide the information

◆

The entity and any Beneﬁcial Owners are aware that information about them and the account may be provided to the tax authorities

◆

All the information/documentation required under the Anti-Money Laundering and Counter-Terrorism Financing laws has been completed

◆

The answers given, together with any special conditions, will form the basis of the contract

◆

No information has been withheld which may affect CMLA’s decision to provide insurance.

I/We understand that:

◆

The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (‘CMLA’) is a wholly owned subsidiary of the

Commonwealth Bank of Australia ABN 48 123 123 124.

◆

Neither the AIA Group nor the Commonwealth Bank of Australia Group (excluding CMLA) nor their subsidiaries, guarantee the performance

of the Investment Growth Bond or the repayment of capital or interest by CMLA. Investments in the Investment Growth Bond are not

deposits or other liabilities of the AIA Group nor the Commonwealth Bank of Australia Group (excluding CMLA) nor their subsidiaries.

Investment products are subject to investment risk which may result in loss of income and principal invested. CMLA as product issuer does

not guarantee the performance of the Investment Growth Bond except as expressly stated in the PDS.

◆

I have read and understood the section ‘Privacy of your personal information’ on page 31 of the PDS. I acknowledge and consent to

the use and disclosure of my personal information as detailed in that section.

◆

I declare that if this Application is signed under a Power of Attorney, the Attorney declares that they have not received revocation of

that power (Note: a certiﬁed copy of the Power of Attorney should be submitted with the Application. This must be accompanied

by information/documentation required under Anti-Money Laundering and Counter-Terrorism Financing laws for both the Power of

Attorney and the Bond Owner(s)).

◆

The policy will not commence until CMLA accepts this application in writing, receives the ﬁrst contribution and issues a Policy Document.

◆

I/We have read page 27 of the PDS concerning the Adviser Service Fee and consent for CMLA to deduct the Adviser Service Fee as

indicated in this Application Form.

◆

By ticking (✔) the box beside my signature below I indicate that I do not want to receive marketing information from CMLA.

SECTION 12 - DECLARATION

Position in company (if Bond Owner 1 is a company) Position in company (if Bond Owner 2 is a company)

If the Applicant is a company then this must be signed by an authorised ofﬁcer (e.g. Director, Company Secretary).

* The deﬁnition of Beneﬁcial Owner can vary depending on the nature of the entity structure. Please refer to the appropriate Anti-Money Laundering and Counter-

Terrorism Financing forms, for speciﬁc deﬁnitions. These forms can be downloaded from commbank.com.au/igb or contact 1800 624 100 to request a copy.

✗ ✗

Signature of Bond Owner 1

Date

/ / / /

Signature of Bond Owner 2

Date

Signature of Life Insured 1

Date

Signature of Life Insured 2

Date

✗ ✗

/ / / /

003-886 011119 (BRC25)

Issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA).

‘CommInsure’ is used under licence by CMLA.

44 Investment Growth Bond

NOMINATION OF BENEFICIARY INVESTMENT GROWTH BOND

INVESTMENT GROWTH BOND

NOMINATION OF BENEFICIARY.

Please note: if the policy is established as a Child Advancement Policy, you cannot nominate a beneficiary.

Please provide us with your policy number (if known)

SECTION 1

SECTION 2

Bond Owner 1

What is your address?

State Postcode

SurnameTitle

Entity/company/trust name

Charity, corporation or trust name

Given name(s)

Date of birth

/ /

Date of birth

/ /

Bond Owner 2

What is your address?

State Postcode

SECTION 3

I wish to (please indicate (✔))

Cancel all current beneficiary nominations for this policy

Nominate the following beneficiaries, in addition to any existing beneficiaries

Replace any existing beneficiaries with the following new beneficiaries

SurnameTitle Given name(s)

Nominated beneficiary 1

004-237 310715 (BRC25)

What is your beneﬁciary’s address?

State Postcode

Date of birth

/ /

Split %

Relationship

SurnameTitle Given name(s)

Issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA).

‘CommInsure’ is used under licence by CMLA.

003-886 011119 (BRC25)

45Investment Growth Bond

SECTION 3 (CONTINUED)

SECTION 4

Beneficiary Nomination Rules

Under Section 48A of the Insurance Contracts Act 1984 your

valid nomination will ensure that death beneﬁt proceeds payable

under the policy will be paid in the designated portions directly to

the nominated beneﬁciary/ies, which may include a Life Insured

or his/her estate.

our nomination is subject to the following rules:

• A nominated beneﬁciary can be a natural person, charity,

corporation or trust.

• Conditional nominations cannot be made.

• You may change a nominated beneﬁciary or revoke a previous

nomination at any time prior to a claim event occurring.

• If a nominated beneﬁciary dies before a claim is made under

the policy and no change in nomination has been made, then

any money payable will be paid to the nominated beneﬁciary’s

legal personal representative.

•

If ownership of the policy is assigned to another person

or entity, then any previous nomination is automatically

superseded (i.e. the nomination is revoked).

• A nominated beneﬁciary has no rights under the policy, other

than to receive the nominated policy proceeds after a claim has

been admitted by CMLA. He or she cannot authorise or initiate

any policy transaction.

Date

/ /

SECTION 5

Declaration

I/We have read and understand and accept the beneﬁciary nomination rules on this form and in the PDS.

I/We understand that this nomination;

• will apply to my Policy with CMLA until cancelled by me/us

• where indicated replaces any previous nomination made to CMLA

• may be cancelled at any time by writing to CMLA.

✗

Signature of Bond Owner 1

Date

/ /

✗

Signature of Bond Owner 2

Please mail this application to

Investment Growth Bond - Alterations PO Box 320, Silverwater NSW 2128

Nominated beneficiary 2

What is your beneﬁciary’s address?

State Postcode

Date of birth

/ /

Split %

SurnameTitle Given name(s)

Relationship

Charity, corporation or trust name

Nominated beneficiary 3

SurnameTitle Given name(s)

What is your beneﬁciary’s address?

State Postcode

Date of birth

/ /

Split %

Relationship

Charity, corporation or trust name

Nominated beneficiary 4

SurnameTitle Given name(s)

What is your beneﬁciary’s address?

State Postcode

Date of birth

/ /

Split %

Relationship

Charity, corporation or trust name

003-886 011119 (BRC25)

Issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA).

‘CommInsure’ is used under licence by CMLA.

46 Investment Growth Bond

BPAY® 1800 624 100

Adviser

8.30 am to 6 pm (Sydney time)

Monday to Friday

comminsureadviser.com.au/igb

1800 624 100

Customer

8.30 am to 6 pm (Sydney time)

Monday to Friday

commbank.com.au/igb

CIL392 011119 (B RC25)

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INVESTMENT GROWTH BOND PLAN FOR A BRIGHTER FUTURE. (Commonwealth Bank of Australia)

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