ClickSuper Guide for funds using the ClickSuper eRollover calculator

ClickSuper Calculator guide The ClickSuper Calculator is designed to be a quick and easy-to-use tool that will give you indicative cost implications when considering the ClickSuper solution for your fund. You can access the calculator here: This Guide will take you through: 1.The purpose of the Calculator 2.How to use the Calculator 3.The key assumptions that are used within the Calculator 4.How to interpret the results 5.Factors to consider when using the Calculator 6.Who to contact for further assistance Disclaimer: This model was developed by Cuscal merely as a general indicative guide and does not take into account individual circumstances and commercial considerations of the user. The results of the model will vary depending on the information used. Cuscal has exercised due care in relation to the data and assumptions used but makes no warranty of any kind regarding their accuracy, completeness, currency or reliability. Except for liability which by law cannot be excluded, Cuscal disclaims (and you release Cuscal in relation to) all liability whatsoever for any loss or expense suffered directly or indirectly due to reliance on the information or the model.

Purpose of the Calculator What does the Calculator do? 1.Analyses the current cost structure of your rollover and contribution processes in terms of: – Consumable costs – Staff costs – Disinvestment costs 2.Calculates the indicative costs for your fund when you implement the ClickSuper solution by considering: – Setup and implementation fees – Transaction fees – Disinvestment costs 3.Contrasts the costs of your current processes to the ClickSuper solution and compares the cost savings gained from ClickSuper using a cost breakdown graph and a net present value (NPV) comparison.

How to use the Calculator Steps: 1.Fund return per annum, over the past three quarters 2.Cost to produce a cheque 3.Cost for an average printed page/ETF 4.Average staff salary 5.Time required to prepare cheques for dispatching 6.Setup cost estimate 7.Implementation cost estimate To use the Calculator, simply key in the required inputs in the yellow cells on the “Inputs” sheet which are relevant to your business:

➔ Your assumptions Specific inputs you provide for your fund will form the basis of the model assumptions as detailed in the “Assumptions” sheet. There are some other generic model assumptions which we have supplied “base case” estimates for including: – Average rollover amount of $36k is the amount stated from the Cooper review – Rate of return for funds currently set at 4.75% (cash rate) – Average contribution amount of $480 – Staff loading costs of 23% – Discount rate of 15% – These should be used as a guide only, and actual data should be incorporated into the model where appropriate. ➔ Volume of rollovers The key factors driving the result is the volume of rollovers per year. ➔ Other assumptions to note: – Exceptions processing have been excluded for demonstration purposes – Disinvestment time frame (money out of market) has been assumed to be the same when processing rollovers and contributions – Rollover calculator is on a ‘per rollover per member’ basis per year – The calculator assumes the same cost base for rollovers and contributions Assumptions

How to interpret the results Once your inputs have been keyed in, the Calculator automatically calculates and breaks down the individual cost components of your current processes and compares these to the ClickSuper solution. For Rollovers: – Fund savings arise largely from the reduction in consumables and staff costs – Member savings arise from reducing the disinvestment period

How to interpret the results The net present value of this investment is a gain of $582k over a five year period. The Calculator compares the cost savings gained from using ClickSuper with the setup and implementation costs of the product to determine the net present value (NPV) and payback period. ➔ The NPV represents the net worth of gains/losses of the investment over a five year period (in today’s money terms) ➔ The payback period represents the time it takes to recoup the initial investment costs. In this example: The payback period for the $30,000 investment is 3 months. ClickSuper Evaluation Net present value $582,242 Payback period 0.3 years

For more information For more information, please contact: Dean Martin Telephone: