Important changes to the Operational Risk Financial Reserve (ORFR) Levy

This notice provides you with the required 30 days’ notice and sets out the key changes that may impact your account. Please refer to the Mason Stevens Super Product Disclosure Document (PDS) masonstevens.com.au/superpds and the Additional Information Guide (AIG) masonstevens.com.au/superaig for further information.

When will the new fee take place?

27 August 2026

Introduction of an Operational Risk Financial Reserve Levy 

Effective 27 August 2026, an Operational Risk Financial Reserve (ORFR) Levy will be applicable to your Mason Stevens Super account.

What is the reason for the change?

The ORFR is a regulatory requirement for all Superannuation funds. It is designed to protect members by ensuring the Fund has sufficient financial resources available if an operational risk event occurs. Ensuring the Fund maintains an appropriate level of protection for all members is at the forefront of this decision.

What is the new ORFR Levy from 27 August 2026?

Effective from 27 August 2026, an ORFR Levy of 0.03% p.a. will apply on all Mason Stevens Super accounts, capped at $300 p.a. per account.

This levy will be reflected in the ongoing fees and costs applicable to your Mason Stevens Super account and will be used solely to build and maintain this reserve.

Impact to your account

The below table provides details on the impact of the ORFR Levy to a range of account balances.

Introducing this levy ensures the Fund continues to meet its obligations and maintains financial resilience in line with regulatory expectations, while safeguarding members’ interests over the long term.

What action is required by you?

You are not required to take any action. This document provides you with the required 30 days’ notice of the above changes that will take place in your account. If you do not wish to proceed as outlined above, you must contact your financial adviser or Mason Stevens Super to discuss the appropriate next steps before 27 August 2026.

Further information

For more information, you can contact:

• your adviser, or
• Mason Stevens via email at admin@mssuper.com.au

For and on behalf of

Diversa Trustees Limited

Trustee of Mason Stevens Super

Important Information 

Current as of 27 July 2026. This is general information only and does not constitute financial product advice. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation and needs. This document provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such. Diversa Trustees Limited ABN 49 006 421 638 AFSL 235153 RSE Licence No. L0000635, is the Trustee of Mason Stevens Super (the “Fund”) an APRA-regulated fund ABN 34 422 545 198. Mason Stevens Pty Limited ABN 91 141 447 207 AFSL 351578 is the Promoter and Custodian of the Fund. Mason Stevens Asset Management Pty Limited ABN 92 141 447 654 is the Investment Manager of the Fund and is a Corporate Authorised Representative of Mason Stevens Pty Limited. FNZ (Australia) Pty Limited ABN 67 138 819 119 is the Administrator of the Fund.