background for Terms & Conditions

Terms & Conditions

Terms & Conditions

Terms & Conditions

The website www.vervesuper.com.au (‘this website’) is owned and operated Verve Superannuation Pty Ltd (ABN 65 628 675 169, AFS Representative No. 001268903), which is a Corporate Authorised Representative of True Oak Investments Ltd (ABN 81 002 558 956, AFSL 238184). By accessing this website, you agree to the following terms and conditions.

General information only

This website provides you with general information only and does not take account of your individual investment objectives, financial situation or needs. Before acting on any information contained herein, consider its appropriateness to your circumstances. Our Financial Services Guide and the Product Disclosure Statement for Verve Super should be considered before making an investment decision.

We recommend that you seek professional financial advice before deciding whether to acquire, or continue to hold, interests in Verve Super.

Liability

The information contained within this website is believed to be accurate at the time of compilation and is provided by Verve Superannuation Pty Ltd in good faith. However, the use of this website is at your sole risk.

Verve Superannuation Pty Ltd does not expressly or impliedly warrant the accuracy, adequacy or completeness of the information contained in this website. We accept no liability for any direct, indirect, special, incidental or consequential damages from decisions taken on the basis of the information shown on or omitted from this website.

Your responsibilities for using this website

You are responsible for ensuring that your use of this website is lawful, does not infringe any third party’s rights and does not breach any standards, content requirements or codes promulgated by any relevant authority (including relevant internet industry codes of practice).

Copyright

© Copyright in these web pages is owned by Verve Superannuation Pty Ltd.

Privacy

Verve Superannuation Pty Ltd is committed to maintaining the privacy of any personal data it holds about you, and does so in accordance with the Australian Privacy Principles and the Privacy Act 1998. Please read our Privacy Policy to understand how your personal information will be treated when you use this website.

Website links

This website provides links to other websites operated by independent third parties. Verve Superannuation Pty Ltd does not control or endorse, and is not responsible for, the content of these linked third-party websites, and provides hyperlinks to other websites for your convenience and information only. Any information, opinions, representations or offers made in those linked third-party websites are solely the responsibility of the third parties operating those websites and are not made by Verve Superannuation Pty Ltd, which makes no representation or warranty as to accuracy or reliability of the information in those websites.

Third party information and materials

This website may provide information, articles and material that are written and prepared by people who are not employees or representatives of Verve Superannuation Pty Ltd. Such material is provided for your convenience and information only. The material will be clearly identified as the product of an independent third party. Verve Superannuation Pty Ltd is not responsible for the contents or accuracy of this material, and the opinions expressed in the material should not be taken as recommendations or opinions of Verve Superannuation Pty Ltd.

Issuer and promoter details

Interests in Verve Super are issued by Diversa Trustees Limited (ABN 49 006 421 638, AFSL 235153, RSE Licence L0000635) (“the Trustee”) as trustee of the Future Super Fund (ABN 45 960 194 277, RSE Registration No R1072914) (“the Fund”). Verve Super is a sub-plan of the Fund. 

The Fund is administered by OneVue Super Services Pty Limited (ABN 74 006 877 872, AFSL 246883). Insurance cover is provided to eligible members by AIA Australia Limited (ABN 79 004 837 861, AFSL 230043). Investment management is undertaken by Future Super Investment Services Pty Ltd (ABN 55 621 040 702; AFS Representative No. 001271441), which is a Corporate Authorised Representative of Future Superannuation Holdings Pty Ltd (ABN 90 167 800 580; AFSL 482684). 

The Founder and Sub Promoter of Verve Super is Verve Superannuation Pty Ltd (ABN 65 628 675 169, AFS Representative No. 001268903), which is a Corporate Authorised Representative of True Oak Investments Ltd (ABN 81 002 558 956, AFSL 238184). The Trustee does not in any way endorse, warrant or accept responsibility for any services provided by Verve Superannuation Pty Ltd in its own right or directly to members or prospective members.

Legal effect of documentation

The offer to invest in Verve Super is contained in the Product Disclosure Statement (PDS). Anyone wishing to invest in Verve Super will need to read the PDS and complete the relevant join form.

This website does not take the place of the legal document known as the Trust Deed which governs the operation of the Fund. The Trust Deed is binding on the Trustee, the Promoter, the Sub-Promoter and the members of Verve Super. If any dispute arises concerning benefits or any other aspect of Verve Super, the Trust Deed (and the law) will always be the final authority.

About returns performance

Return of capital and the performance of your investment in Verve Super is not guaranteed. Past performance is not a reliable indicator of future performance. Figures showing a period of less than one year have not been adjusted to show an annual total return. Figures for periods of greater than one year are on a per annum compound basis.

Calculating returns for superannuation

Net investment returns are calculated using prescribed standard methods and assumptions, and take into account administration and investment fees, taxes and other costs. The standard calculations are based on a member with an account balance of $50,000, which will not be relevant to all members. The standard calculations do not allow for the effect of contributions to your account, insurance fees or various other matters.

Transacting

Verve Super’s investment option is unitised. The unit price is determined weekly on a forward pricing basis. This means that when processing contributions or withdrawals the price used will be the next price calculated after the contribution or withdrawal request is received.

Buy-sell spread

The buy-sell spread is an adjustment to the unit price to create a difference between the entry and exit price for the investment option. It is designed to cover the transaction costs when you make a contribution or a withdrawal, so that these costs are not passed onto other investors. The buy-sell spread is built into the unit price and therefore does not appear on your member statement. The buy-sell spread is not paid to the Investment Manager. The buy-sell spread for Verve Super’s investment option is reviewed from time to time and may change. If the buy-sell spread is changed, it will be updated on this website.

Applications to invest

Applications to invest in Verve Super can only be accepted if you live in Australia and must be made in Australian Dollars.

For more information please contact hello@vervesuper.com.au.