Rest realises your investment needs may change over time, so you have the option to switch your investment choice at any time.

You may invest in a single option, or in a mix of the Core Strategy, Structured and Member-tailored options. If you’ve decided to change your investment option, you will also need to decide if you want to switch:

  • your current account balance only
  • the way future transactions are applied, or
  • both.

How you can switch your investments

Mobile phone with a tick symbol on the screen

Rest App

Go to My Investments in the Menu and select Manage investments

Online

Log into MemberAccess - go to Investment and select Change investments 

Abacus

Check your investment choice is right for you

You can spend just 7 minutes using our online Investment Choice Solution that will ask you some simple questions to help you learn more about your investment risk profile and assist you in making a decision on which Rest investment options may be right for you.


Get digital advice

What else do you need to know?

How your switch is processed


If we receive your switch request:

  • before 4pm AEST/AEDT (Sydney time) on a business day, your switch will take effect two business days later.
  • at or after 4pm AEST/AEDT (Sydney time) on a business day or receive your request on a weekend or public holiday, your switch will take effect three business days later.

AEST/AEDT (Sydney) time means Australian Eastern Standard Time and Australian Eastern Daylight Time observed in Sydney.

Other information

  • There is a separate buy and sell unit price for each option. When money is invested in an option it will generally use the buy price. When money is withdrawn from an option it will generally use the sell price.
  • When you switch out of an investment option, the unit price used is the sell unit price of your existing option and the buy unit price of your new option.
  • If your switch request is received before 4pm AEST/AEDT (Sydney time), the unit price that will apply is the unit price declared two business days later.
  • If your switch request is received at or after 4pm AEST/AEDT (Sydney time) on a business day, weekend or public holiday, the unit price that will apply is the unit price declared three business days later.
  • This means the dollar amount of your switch may differ from the day you submit your request, due to the change in unit price of the investment option between the date of your request and the date your switch takes effect.
  • Your current balance also includes any transfers and contributions received prior to the date the switch becomes effective. Any transfers and contributions received after that date will be considered a future transaction, so you should check your account balance before you switch, as it may change by the time the switch becomes effective.
  • Your switch will be confirmed in writing once processed. If you switch online, you will receive a printable confirmation.

Switches may be delayed


We may delay or suspend switches from your account if:

  • there are delays by third parties in processing our requests
  • an underlying fund delays or suspends issuing unit prices
  • a switch or withdrawal would adversely affect the fund
  • we cannot realise sufficient assets to satisfy your payment due to circumstances outside our control for example, markets have been restricted or suspended.

The delays or suspension could be significant. We are not responsible for any losses caused by these delays.

Switching to the Property option


If you choose to invest in the Property option, there are certain conditions that you need to know about. Please refer to the Investment Guide for further information. For Rest Pension members, please refer to the Rest Pension PDS.

Switching and your insurance


  • If you receive any Death, Total and Permanent Disability or Terminal Illness insurance benefits these will always be invested in the Cash investment option.
  • However the super component of any Income Protection benefit you receive will be invested in the option you nominate for future transactions. If a new Rest account has been set up to receive the super component, the investment option will be set to Cash. You can switch to another Rest investment option at any time.

MySuper and Choice


If you are a member of Rest Super or Rest Corporate, switching investments will determine whether you are in the MySuper product, or the Choice product.

  • If you choose to invest all your super in the Core Strategy or don’t make an investment choice you will be in the MySuper product. The MySuper product has a single diversified investment option (Rest’s Core Strategy) and simple features to help keep costs low.
  • If you make an investment choice and choose not to invest all your super in the Core Strategy you will be in the Choice product.