The end of the financial year is fast approaching, so we’d like to remind our members and employers of their options for submitting transaction requests at this time.

If you would like your transaction to be processed within the 2008 financial year (and therefore be included in 2008 Annual Statements), please note that we must receive your complete transaction request by 5pm on Monday 30 June 2008 in any Asteron office. This includes processing of contributions, updates to personal details, Tax File Numbers (TFNs), Policy Committee details, withdrawals and transfers to other funds. Please note that switch processing will follow our normal practice.

The following table provides more detail on the cut-off times that will apply for submitting contributions on 30 June 2008:

Payment method	What you need to know	Cut-off time on Monday 30 June 2008
Cheques	Valid cheques must be received in any Asteron office by the cut-off.	5pm (local time)
Electronic Fund Transfers	Transferred funds must be correctly referenced and in our bank account by the cut-off.	5pm (Sydney time)
BPay© Transfers	Transferred funds must be in our bank account by the cut-off.	5pm (Sydney time)

A transaction request received after 5pm on Monday 30 June 2008 will be processed with an effective date of 1 July 2008 or later.

If you have any queries on Asteron’s year-end processes and timing, please call your adviser or Asteron Client Services on one of the numbers at the bottom of this page.

Members - Do we have your Tax File Number (TFN)?

From 1 July 2008, if you have not provided us with your TFN, you will pay an additional 31.5% tax on all your concessional super contributions made since 1 July 2007 - including any future contributions. This means you could pay 46.5% tax on certain contributions. To avoid paying more tax than necessary, provide us with your TFN by no later than 5pm on Monday 30 June 2008.

Find out more on the implications of not providing your TFN. Providing your TFN is voluntary, and declining to quote your TFN is not an offence.

Supplying your TFN is easy. Just complete the online form.

Alternatively, you can call Asteron Client Services on one of the numbers at the bottom of this page or email us your TFN to super@asteron.com.au

Employers - Do we have your employees' TFNs?

It is very important that you provide us with an employee’s TFN by 5pm on Monday 30 June 2008, unless they have specifically requested that it be withheld. Otherwise you may be subject to penalties by the Commissioner of Taxation. Additionally, the employee will pay an additional 31.5% tax on concessional contributions made since 1 July 2007. This is in addition to the normal 15% contributions tax.

It’s easy to provide us with an employee’s TFN. You can:

Call Asteron Client Services on one of the numbers at the bottom of this page with the TFN and member number handy or
If you would prefer to provide the TFNs electronically, please call Asteron Client Services or email us at super@asteron.com.au

Asteron Client Services phone numbers

Optimum (Corporate, Personal, Professional, PST or Allocated Annuity) - 1800 819 499
Optimum Corporate for Standard Pacific - 1800 232 001
Wealthstar - 1800 819 499
Connelly Temple, Partnership or Workforce - 1300 361 755