Terms

The Terms of this License Agreement (Agreement) govern your use of the App. If you do not agree to be bound by the Terms, you must not use this App.

Licence

Subject to the Terms, Russell Investments grants you a limited, non-exclusive, non-transferable, and non-sub licensable license to use the App solely as outlined in this Agreement. All rights not expressly granted herein are reserved by Russell Investments.

General

1. This App is created by and owned by Russell Investments Employee Benefits Pty Ltd ABN 70 099 865 013 AFSL 220705 (Russell Investments, we or us). The App is provided to current Russell Investments Master Trust (Fund) members, which can include iQ Super members, Resource Super members, Nationwide Super members and Salaam superannuation members.
2. Subject to the law, Russell Investments may change the Terms at any time without notice. We may require you to confirm your acceptance of changes to continue using the App.
3. You should regularly check the Terms for any changes. If you do not agree to the updated Terms, you must not use the App.
4. The Fund rules as per the relevant Product Disclosure Statements (PDS) and Trust Deed apply to transactions you complete in the App.
5. The Terms are governed by the laws of New South Wales, Australia and you submit to the non-exclusive jurisdiction of the courts exercising jurisdiction in New South Wales.
6. If the whole or any part of a provision in the Terms is void, unenforceable or illegal in a jurisdiction, it is severed for that jurisdiction. The remainder of the Terms will remain valid and enforceable in that jurisdiction.
   

   
   Disclaimer

   
   
7. With the exception of GoalTracker Plus personal financial product advice provided to you by Russell Investments Financial Solutions Pty Ltd (ABN 84 010 799 041 AFSL 229850) during the use of this App, this App provides general financial product advice only and does not take into account your objectives, financial situation or needs.
8. Any projections or calculations provided in the App are estimates only and are not predictions or guarantees of actual results. The actual amounts achieved may be higher or lower.
9. The projections, calculations, services and any transactions performed in the App use the information we currently hold on file for you, the inputs you provide and may include data sourced from a third party. We believe the information to be accurate and reliable at the time it was sourced but if any of your information is incorrect it can impact the result/outcome/information displayed for you. You should update any incorrect information promptly. Where you cannot change the information yourself, please contact us to make the changes for you. Russell Investments is not liable for any Loss incurred where incorrect information provided to the Fund has been used in projections, calculations, the performance of services or the completion of transactions. We believe the assumptions detailed in the Terms are reasonable overall and meet the purpose of this App. We have received actuarial advice that the assumptions used in the calculations are appropriate.
10. Superannuation benefits can be impacted by sudden changes, including changes to your individual circumstances, legislation, investment earnings, tax and inflation.
11. Before making an investment decision, you need to consider whether it is appropriate to your objectives, financial situation and needs.Further information about the Fund is available in the relevant PDS, which can be accessed for iQ Super, iQ Retirement and Resource Super members at russellinvestments.com.au or by calling 1800 555 667, for Nationwide Super members at nationwidesuper.com.au or by calling 1800 025 241 and for Salaam superannuation members at salaam.com.au/super or by calling 1300 926 626.
12. Neither the Fund, Russell Investments nor any of its affiliates guarantees the security of this App, gives any warranty of reliability or accuracy, nor accepts any responsibility arising in any other way, including by reason of negligence for, errors in, or omissions from, the information contained in this App, and does not accept any liability for any Loss, however caused, as a result of any person relying on any information provided via the App or being unable to access the App. Please also refer to the Liability section.
    
    

    Fees and charges

13. Any fees and charges that apply to your superannuation account in the Fund continue to apply where you request transactions and services via the App. Please read the relevant PDS for the latest fees and charges for the Fund.
    

    
    App calculations and assumptions

14. The assumptions used in the App, the GoalTracker Plus terms of service, and the GoalTracker Plus methodology are clearly identified and are accessible within the App.
15. Account Balance.
    All account balances shown are estimates only based on the information currently held on file, including the estimated value of your account at each 30 June. If any of the information held on file is incorrect it may impact your account balance. Your current account balance does not include transactions yet to be processed.
16. Investment Earnings.
    The % p.a. investment earnings displayed for your account on the dashboard/home screen and on the investment earnings screen are only applicable to you, and reflect the timing and size of cash flows to your account. The investment earnings are net of investment fees and applicable investment taxes and indicative only. You should not use these figures in isolation to directly compare the performance of your account to other investments or products, because published returns of other products will not take into account the same cash flows. The earnings have been calculated on a money weighted basis and are based on a starting date, the associated balance at that date (which may be zero), an ending date and the associated balance at that date. The calculation includes the credits and debits to your account between those dates and their investment earnings. If the period between the start and end date is greater than a year, the earnings are annualised. These indicative investment earnings have been calculated with respect to your account only. Please note if you have had an unusual transaction on your account, the investment earnings are likely to be inaccurate for you. To compare investment earnings of different investment options you should not use these rates, but should refer to the information available on russellinvestments.com.au
17. How your balance compares.
    The information used for this comparison has been gathered from the Fund membership. It is important to note that how you compare to other members of the Fund does not indicate whether you will have sufficient funds in your retirement. It is for information purposes only. You can use the My Tracker calculator within the App to help inform you whether you are on track to your retirement income goal.
18. Contributions & Contribution Limits.
    There are annual limits, also known as caps, which apply to the amount of money that can be contributed to superannuation. The dollar limits are applicable to the total combined contributions made across all of your superannuation accounts in any superannuation funds (where you have more than one account). We can only track the contributions you have made to the superannuation account you are logged into via the App. If you make contributions to other superannuation accounts, those contributions will NOT be reflected in the App. You will need to separately include them in your own calculations to decide whether you can make further contributions to your superannuation without incurring additional tax liabilities. For details of the current limits refer to the Australian Taxation Office website.
19. Search for My Super & Combine My Super.
    Where you consent for us to search for your super, we will use your Tax File Number and the databases made available by the Australian Taxation Office to obtain details of your other superannuation accounts (i.e. both lost and active accounts). We do not transfer your other superannuation accounts to the Fund unless you instruct us to do so. Note the data held by the Australian Taxation Office is based on the official names of superannuation funds and their Australian Business Numbers (ABNs). Therefore, the name of a superannuation fund we find for you may be different to the name you know it by (e.g. a marketing name). Before you consent to combine/consolidate/transfer your superannuation to your Fund account, you should compare the fees you pay and consider the impacts on any insurance arrangements you may have. We will not be held responsible or liable for any Loss incurred where you have instructed us to combine/consolidate/transfer another superannuation account to your account with the Fund.
    
    

    Use of the App

20. You must provide your own internet access and Mobile Device in order to download, install and use the App. You are solely responsible for all internet access, data download and other network charges arising from your downloading, installation or use of the App (including any global roaming charges where you use the App overseas) and you acknowledge and agree that Russell Investments has no responsibility or liability for those charges.
21. Where another person is liable to pay those charges under the relevant internet service, mobile data or mobile telephone account used by your Mobile Device, you warrant and represent that you have obtained the required consent for your downloading, installation and use of the App.
22. You are responsible for the operation and maintenance of your Mobile Device and for ensuring the App operates correctly on your Mobile Device.
23. You must keep your password for the App confidential, and not disclose it to any person, or authorise or permit any other person to use the App on your Mobile Device. If you breach your obligations under this paragraph and another person:
    1. uses the App on your Mobile Device; or
    2. uses your password for the App,
       
       You are responsible and liable for that use of the App or password, as if that use was performed by you.
       
24. You should keep your Mobile Device safe. You should ensure that the Mobile Device is not breached, misused, lost, stolen or otherwise compromised.
25. Russell Investments has the right to monitor and, where applicable, refuse to transmit or post any transmissions made using the App.
26. To use the App and its features, you must grant the App the permissions and access to your Mobile Device and other applications that it requires. If you do not grant these permissions and this access, you may be unable to use the App or some of its features.
27. The App uses the internet to provide services and information. By using the App, you acknowledge and agree to accept all risks associated with using the internet, including the potential exposure to viruses and harmful code which may affect your Mobile Device.
28. Russell Investments does not warrant or guarantee the security of the App. You are solely responsible for the security of your Mobile Device (including any data stored on that device) and for using appropriate and up-to-date software on your Mobile Device to detect and manage the threat posed by viruses and other harmful code.
29. You should only install approved applications on your Mobile Device and never override the software lockdown (i.e. "jailbreak" your Mobile Device).
30. All software has security vulnerabilities. Russell Investments may from time to time identify vulnerabilities in the App and make available updates to help address these vulnerabilities, but is under no obligation to do so. You acknowledge and agree that you will use the most up-to-date version of the App, and will check regularly for updates to the App including updates to the Terms.



Reporting unauthorised transactions or if your password is compromised.

31. You must notify us if:
1. You suspect that your password has become known to someone else;
2. You suspect any unauthorised use of your account; or
3. Your Mobile Device is lost or stolen.
   Upon receiving such notice, Russell Investments will, as soon as reasonably practicable, act to block any further unauthorised use of your account.
32. Russell Investments will use reasonable endeavours to make the services available in the App 24 hours a day, seven days a week. Some transactions are limited to business days and business hours in Sydney, New South Wales. There will also be times where maintenance is required and the App or some of the services will not be available. Russell Investments does not warrant or guarantee:
1. that you will be able to use the App at any time;
2. that your use of the App will be continuous, uninterrupted, secure or error-free; or
3. a particular transmission speed, or the reliability or other performance of the App.



Suspension or termination of the App License

33. Russell Investments reserves the right to suspend or block access to the App or terminate this Agreement, including your use of the App, the services provided through it and/or any of its features or components at any time and for any reason, without notice to you. If requested by Russell Investments, you must immediately cease use of the App and remove it (and all associated data) from your Mobile Device.
    
    

Intellectual Property and Licence

34. All copyright and other intellectual property rights in the App are owned by Russell Investments and/or its licensors.
35. Russell Investments grants you a revocable, non-transferable, non-exclusive licence to download, install and use the software for the App on your Mobile Device for your own purposes. This licence is subject to any limitations or restrictions on the permitted use of this App contained in the App Distributor Terms. You must not (and must not attempt to):
    1. copy, distribute, translate, modify, tamper with, disassemble, decompile, reverse engineer the App or derive the App’s source code from its object code;
    2. sell, rent, lease, sub-license, assign, exchange or otherwise transfer the App or your rights under the Terms;
    3. create derivative works of or from the App;
    4. use the App in a manner which would contravene the App Distributor Terms; or
    5. permit or assist any person to engage in any act described in paragraphs (1) to (4) above.
       
       

Your obligations

36. You must not use (or attempt to use) the App:
    1. for any unlawful or dishonest activity;
    2. to access, transmit, publish or communicate material which is defamatory, offensive, unsuitable for minors, abusive, indecent, menacing, or otherwise unlawful, or which contains a virus or other harmful code;
    3. to obtain unauthorised access to (or damage, disrupt or interfere with the operation of) any computer, system, application, network or service;
    4. to transmit, publish or communicate bulk and/or unsolicited messages;
    5. in any way that may bring negative exposure or harm to Russell Investments, the Fund, or any of the Fund’s or Russell Investments’ affiliates, service providers, suppliers or other users of the App; or
    6. in any way that may cause Russell Investments, its affiliates, its clients, its service providers, suppliers, the Fund or other users of the App to incur liability to a third party.
37. Russell Investments may ask you to cease any conduct which it believes is contrary to your obligations under the Terms. You must immediately comply with any such request.
    
    

Indemnity

38. You agree to indemnify Russell Investments and keep it indemnified against all Losses arising in any manner from a breach by you of the Terms.
    
    

Privacy

39. Russell Investments is the superannuation administrator of the Fund.
40. Russell Investments, as part of its administration services, will collect, use and store your personal information in accordance with the Terms, the Fund’s Privacy Policy and applicable legislation, including for the purposes of delivering the services provided through the App, optimising the App's usage and user experience. Russell Investments may also use your personal information for related purposes, including identifying services that may be useful for your financial needs and providing you with information about these services.
41. Your personal information may be shared with the service providers of the Fund, as per the Fund’s Privacy Policy. The Fund may also disclose personal information to courts, tribunals and dispute resolution bodies, government agencies and other bodies where requested or required under the law.
42. If you use the App, the information that Russell Investments may collect and store includes, without limitation:
    1. the type of operating system and/or other software or firmware used by your Mobile Device;
1. the data you send and receive using the App, and the type and quantity of that data;
2. the dates on which and times at which you use the App; and
3. the IP and MAC address of your Mobile Device.

Definitions

"App Distributor Terms" means the terms applying to the website or online store from which you downloaded the App, as may be updated from time to time.

"Fund" means the Russell Investments Master Trust (ABN 89 384 753 567). iQ Super, iQ Retirement, Resource Super, Nationwide Super and Salaam superannuation are all divisions of the Russell Investments Master Trust. The trustee of the Fund is Total Risk Management Pty Ltd (ABN 62 008 644 353, AFSL 238790).

"Losses" means any liabilities, losses, damages, costs and expenses (including legal costs and expenses, regardless of whether incurred or awarded) arising in contract, tort (including negligence) or otherwise.

"Mobile Device" means an internet-enabled device for cellular or wireless connection or an equivalent device that is compatible with the App and has (or may have) a current and working internet connection.

"Fund’s Privacy Policy" means the TRM Privacy Policy which is the privacy policy of the Fund’s trustee (Total Risk Management Pty Ltd). The policy may be amended from time to time and is available from https://russellinvestments.com/au/legal/trm-privacy-policy  (or any replacement web page).

"Russell Investments"means Russell Investments Employee Benefits Pty Ltd (ABN 70 099 865 013, AFSL 220705), the superannuation administrator of the Fund and creator of the App.