Cross Fund Matching (XFM)

What is XFM?

A no cost service which returns inactive superannuation held with AUSfund to the active accounts of participating fund members.

How often is XFM available?

Annually, with invitations to participate sent in November/December and the matching process occurring in March/April.

How much does it cost to be involved?

XFM is a no cost service provided by AUSfund to participating funds. Your administrator may charge a fee relating to the extraction of relevant files, however, AUSfund covers the cost of the actual XFM exercise.

Is it worth participating?

As a result of the 2007/08 XFM exercise, AUSfund transferred 102,042 members, totalling $39.36 million, to participating funds.

Do I have to fill out volumes of paperwork?

No, participating is easy and simply requires execution of a Successor Fund Transfer Deed and a Participation Agreement. The Transfer Deed allows members to be transferred between funds.

What administration is involved?

AUSfund provides you with the file specification which, with approval, you pass onto your administrator enabling them to provide membership data to AUSfund.

I want to be involved, what now?

Contact the AUSfund Trustee Office on (03) 9657 4303 to arrange a presentation, obtain further information or request the documents required to participate.

Click here to download the Cross Fund Matching Fact Sheet.