Maritime Super division

Accumulation Advantage

Accumulation Advantage provides superannuation for employees working for a Participating Employer of the Seafarers division or the Maritime Super division of the Fund.

Who can join?

To qualify for membership of the Accumulation Advantage category, you must:

• be a master, ship or deck officer, mate, engineer, electrician, radio operator, shipwright or purser or work on-shore in administration or management for a Participating Employer of the Maritime Super division or the Seafarers division of the Fund
• be nominated for membership by your Participating Employer; and
• have the option to choose the superannuation fund into which your Participating Employer will make contributions on your behalf (known as ‘Choice of Fund’).

If you have Choice of Fund, your Participating Employer must also nominate Maritime Super as the default fund for you. You must also not have selected another superannuation fund into which your Participating Employer will make contributions on your behalf.

Benefits at a glance

• Automatic 2 units of Basic Death and Total and Permanent Disablement insurance cover
• Additional Voluntary insurance options on death and disablement
• All profits helping members
• No contribution, establishment or exit fees
• Access to investment options with sound long-term performance history
• Access to superannuation and retirement products that can take you through your working life and into retirement
• Member Services and an education program designed to help you make informed choices about your superannuation and retirement savings
• Affordable, quality advice from licensed financial planners
• The opportunity for your spouse and children to join the Fund
• Added benefits through associated providers, such as home loans and other banking products

Teekay Accumulation

Teekay Accumulation provides superannuation for permanent employees working for Teekay Shipping (Australia) Pty Ltd (known as 'Teekay').

Who can join?

To qualify for membership of the Teekay Accumulation category you must:

• be a permanent (full-time or part-time) employee of Teekay; and
• be nominated for membership by Teekay; and
• not have selected another superannuation fund into which Teekay will make contributions on your behalf.

Casual employees of Teekay, however, are eligible to join the Accumulation Advantage category of the Maritime Super division.

Benefits at a glance

• All profits helping members
• Administration costs paid by Teekay
• No contribution, establishment or exit fees
• Access to investment options with sound long-term performance history
• Basic Death and Total and Permanent Disablement (TPD) and Total and Temporary Disablement (TTD) insurance cover for employees funded by Teekay
• Additional Voluntary insurance options for Death only or Death and TPD
• Access to superannuation and retirement products that can take you through your working life and into retirement.
• Member Services and an education program designed to help you make informed choices about your superannuation and retirement savings
• Affordable, quality advice from licensed financial planners
• The opportunity for your spouse and children to join the Fund
• Added benefits through associated providers such as home loans and other banking products

Learn more about Teekay Accumulation in the Member Guide .

Trident Accumulation

Trident Accumulation provides superannuation for permanent employees working for Trident LNG Shipping Services Pty Ltd (known as Trident).

Who can join?

To qualify for membership of the Trident Accumulation category you must:

• be a permanent (full-time or part-time) employee of Trident; and
• be nominated for membership by Trident; and
• not have selected another superannuation fund into which Trident will make contributions on your behalf.

Casual employees of Trident, however, are eligible to join the Accumulation Advantage category of the Maritime Super division.

Benefits at a glance

• All profits helping members
• Administration costs paid by Trident
• No contribution, establishment or exit fees
• Access to investment options with sound long-term performance history
• Basic Death and Total and Permanent Disablement (TPD) and Total and Temporary Disablement (TTD) insurance cover for employees funded by Trident
• Additional Voluntary insurance options for Death only or Death and TPD
• Access to superannuation and retirement products that can take you through your working life and into retirement
• Member Services and an education program designed to help you make informed choices about your superannuation and retirement savings
• Affordable, quality advice from licensed financial planners
• The opportunity for your spouse and children to join the Fund
• Added benefits through associated providers such as home loans and other banking products

Learn more about Trident Accumulation in the Member Guide .

Retained Benefits

The Retained Benefits category allows members to keep investing their superannuation savings with Maritime Super after leaving the maritime industry. This category does not require any form of regular contribution yet contributions and withdrawals can be made at any time (provided you meet the legislative requirements for withdrawing super money).

As a member of Maritime Super, you can keep your benefit with us throughout your working life and into retirement.

Who can join?

Members of the Maritime Super division or Seafarers division may be transferred to the Retained Benefits category if they;

• are a current employer-sponsored member of the Seafarers division or Maritime Super division and have ceased working for a Participating Employer in the Maritime Super division or Seafarers division of the Fund or;
• have retired and wish to leave their benefit in Maritime Super

Members of Contributory Accumulation or Accumulation categories, must also have permanently left the seafaring industry to be transferred to this category of the Fund.

Current Maritime Super pensioners who are former members of the Maritime Super division or Seafarers division of the Fund (or SRF) are also eligible to apply for Retained Benefits membership in certain circumstances.

You may also become a Retained Benefits member if you are the spouse or de facto partner (or former spouse or former de facto partner) of a current member of the Maritime Super division or Seafarers division and receive a benefit under a payment split under the Family Law Act.

Benefits at a glance

• Access to superannuation and retirement products that can take you through your working life and into retirement
• All profits helping members
• No contribution, establishment or exit fees
• Affordable insurance options
• Quick, easy payment options for non-preserved monies
• Access to investment options with sound long-term performance history
• Employer contributions can be made by a Non-participating Employer
• Member services and an education program designed to help you make informed choices about your superannuation and retirement savings
• Affordable, quality advice from licensed financial planners
• Added benefits through associated providers such as home loans and other banking products

Learn more about Retained Benefit in the Member Guide.

Spouse Account

A Spouse Account provides a member's spouse with access to Maritime Super, whether they are working or not. Members may also be entitled to receive a tax offset when making contributions on behalf of their spouse. Additionally, spouses can make voluntary contributions or may be able to arrange for their employer to contribute to this account.

As a Spouse Account member of Maritime Super, you can keep your benefit with us throughout your working life and into retirement

Who can join?

To become a Spouse Account member, you must be married or in a de facto relationship (including a same sex relationship) with:

• a current employer-sponsored member of the Maritime Super division or Seafarers division of the Fund; or
• a Maritime Super Retained Benefits, Allocated Pension or Working Income Support member (who is a former employer-sponsored member of the Maritime Super division or Seafarers division of the Fund or SRF).

Your spouse or de facto partner must also not be, or have not been, a Spouse Account or Children’s Account member of the Fund or a Retained Benefits member whose benefit arose under a Family Law payment split of the Fund.

Please note, if you divorce or your de facto relationship breaks down, you can remain a Spouse Account member but you cannot introduce a new spouse or de facto partner to Maritime Super.

Benefits at a glance

• Save for retirement within the tax-effective super environment as a Spouse Account member of the Fund, even if you are not working
• Access to retirement products
• All profits helping members
• No contribution, establishment or exit fees
• Access to investment options with sound long-term performance history
• Affordable insurance options
• Partners can contribute to a Spouse Account on behalf of their spouse by regular payment, by lump sum spouse contributions or by nominating to split contributions
• Partners may be eligible for a tax–offset on contributions paid if you are a low income earner or non-working spouse
• Employer contributions by a Non-participating Employer can be made
• Member services and an education program designed to help you make informed choices about your superannuation and retirement savings
• Affordable, quality advice from licensed financial planners
• Added benefits through associated providers such as home loans and other banking products

Learn more about Spouse Accounts in the Member Guide.

Children's Account

A Children's Account is an easy and convenient way to establish a superannuation benefit for your children. You can open a Children's Account for each of your children and make contributions on their behalf. Your child can also make voluntary contributions may be able to arrange for their employer to contribute to this account.

As a Children's Account member of Maritime Super, you can keep your benefit with us throughout your working life and into retirement.

Who can join?

You can start a Children's Account for your child if you are:

• a current employer-sponsored member of the Maritime Super division or Seafarers division of the Fund; or
• a Maritime Super Retained Benefits, Allocated Pension or Working Income Support member (who is a former employer-sponsored member of the Maritime Super division or Seafarers division of the Fund or SRF).

Your spouse or de facto partner must also not be, or have not been, a Spouse Account or Children’s Account member of the Maritime Super division or Seafarers division of the Fund or SRF.

Your children include your natural born children, adopted children, step children and children of a de facto partner.

Benefits at a glance

• Access to retirement products
• All profits helping members
• No contribution, establishment or exit fees
• Access to investment options with sound long-term performance history
• Affordable insurance options
• Employer contributions by a Non-participating Employer can be made
• Member services and an education program designed to help you make informed choices about your superannuation and retirement savings
• Affordable, quality advice from licensed financial planners
• Added benefits through associated providers such as home loans and other banking products

Learn more about Children's Account in the Member Guide.