Rolling out your benefit
Transferring your super to another complying super fund.
Fund rules differ
Select your fund to view the details
- CSS
- DFRDB
- MilitarySuper
- PSS
What is rolling out?
A rollover is a transfer of existing superannuation from one fund to another, without the money leaving the superannuation environment. Rolling out means transferring your super from CSS to another complying super fund.
Why can’t I roll out my entire benefit?
Specific legislation sets out how CSS operates, including which components of your benefit can be rolled out and when. Because of this legislation, you may not be permitted to roll out your benefit as you wish. Commonwealth Superannuation Corporation (CSC) does not have discretion to roll out your benefit if doing so is against this legislation.
What can I roll out?
Depending on your circumstances, you may be eligible to roll out some, or all of your CSS benefit. The following table sets out what can be rolled out and when.
| Membership | Circumstances | Can roll out | Conditions |
|---|---|---|---|
| CSS contributor | Claiming your final benefit | Transferred Amounts Excess contributions lump sum Productivity component Member and productivity component |
Will depend on your benefit choice |
| CSS contributor | Transferring your entire benefit | Entire benefit as a transfer value to one of 9 eligible super schemes | Must be a member due to ‘public employment’, the fund must be the employer’s default fund and be receiving contributions from the employer |
| CSS deferred | Claiming your final benefit | Transferred amounts Productivity component Member and productivity component |
Will depend on your benefit choice |
| CSS postponed or DUP | Claiming your final benefit | Transferred amounts Excess contributions lump sum Productivity component Member and productivity component |
Will depend on your benefit choice |
| CSS associate | Claiming your final benefit | Funded component | Must meet a condition of release |
Won’t my benefit be eroded by fees and charges?
CSC does not deduct fees from CSS customers’ accounts. We deduct the indirect costs of investing your super from overall investment returns before determining earning rates. For more information about fees and charges, please refer to our Fees and Other Costs booklet.
Can I get special consideration?
As the Trustee of CSS, CSC does not have discretion in this matter. CSC can’t authorise the release of your funds unless your circumstances satisfy the requirements of the scheme legislation and you meet a relevant condition of release. Common conditions of release include reaching age 65, retiring from the workforce, invalidity retirement, and early release due to invalidity or financial hardship, or on compassionate grounds.
If you’re not satisfied with the information we have provided about rolling out, you may lodge a complaint by sending an email to [email protected] or by contacting the Australian Financial Complaints Authority (AFCA). AFCA will investigate your complaint, but if CSC’s refusal to rollout your benefit is due to the relevant scheme rules, your complaint may be dismissed. AFCA cannot direct a super fund trustee to rollout a benefit if the member is not yet entitled to that benefit under the scheme rules.