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  The ADF Financial Services Consumer Centre and the Australian Securities and Investments Commission (ASIC) want you to be well-informed and confident about getting financial advice.
  
  By familiarising yourself with this website, you’ll be starting off on the right foot with tips about:
  
  deciding if you need personal advice
  finding the right adviser
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  getting advice that suits you.
  
  You may find that not all the ideas in this website may apply to your particular circumstances.
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YOUR SUPERANNUATION

Learn more about how your superannuation works and how you can make the most of your superannuation entitlements. Here you will find some introductory information on the three ADF superannuation schemes DFRDB, MSBS (or MilitarySuper) and the ADF superannuation arrangement which came into effect from 1 July 2016.

DFDRB

Defence Force Retirement and Death Benefits Scheme or DFRDB was established in 1973 and closed in 1991 when it was replaced by MSBS. DFRDB contributing members were given the option to transfer into MSBS up to 1 October 1992. DFRDB is called a ‘hybrid scheme’ as it has a defined benefit component and a contributory component. It also offers death and invalidity cover to its members. The trustee of, and authority on, DFRDB (and MSBS, ADF Super and ADF Cover) is the Commonwealth Superannuation Corporation (CSC).

Visit CSC's website for more information

MSBS (MilitarySuper)

The Military Superannuation Benefits Scheme (MSBS) also referred to as MilitarySuper opened on 1 October 1991 replacing DFRDB. MSBS was closed to new members from 1 July 2016 from which time all new full time ADF members were obliged to join the new ADF Superannuation Arrangement. MSBS is, like DFRDB, a hybrid scheme with a defined benefit and contribution component, as well as death and invalidity cover.

Visit CSC's website for more information

The ADF Super Arrangement

From 1 July 2016 all new members of the ADF joined the new ADF Superannuation Arrangement (Arrangement). The Arrangement comprises:

Employer contributions of 16.4%
Choice of superannuation fund (members able to join any complying super fund)
A new default accumulation superannuation fund called ADF Super
Death and invalidity cover to age 60 for all members of the Arrangement under ADF Cover.

Importantly the Arrangement does not offer a hybrid superannuation scheme like DFRDB or MSBS; rather it provides employer contributions to an accumulation style fund of the member’s choice.

From 1 November 2021, where a person joins a new employer and the person does not choose a superannuation fund, the employer may have to contribute to the new employee’s previous fund. This change aims to stop new superannuation accounts from being opened every time an employee starts a new job. More details on this at the ATO website.

Visit CSC's website for more information

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