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Home Investments Direct investments Direct Investment menu

Direct Investment menu

The approved investment menu provides details of the investments that members may select from when invested in Direct Investments. The document includes general investment rules and limits that apply.

The approved investment menu is not a recommendation.

All responsibility for the investment decisions in the DIO rests with the member. The inclusion of a share, ETF, LIC or term deposit as an allowable investment within the DIO is not an endorsement or recommendation by the Trustee as to the quality or suitability of that investment. The rules for investing in the DIO should not be considered as a recommendation by the Trustee as to the manner in which members should approach their investments in the DIO. Investment decisions regarding the diversification of assets rest with the member. 

The Trustee does not review any trades that members make in the DIO, and members should consider obtaining investment advice from a licensed financial adviser before investing in the DIO. 

Menu – Securities

The following companies and Trusts were included in the S&P/ASX300 as at July 2019:

Menu 1: Securities in S&P/ASX300

The following companies and Trusts were included in the S&P/ASX300 dated 7 August 2019.
Note that securities will change from time to time as the composition of the S&P/ASX300 Index changes.

#CodeCompany 
1A2M a2 Milk Co Ltd
2AAC Australian Agricultural Co Ltd
3ABC Adelaide Brighton Ltd
4ABP Abacus Property Group
5ADI APN Industria REIT
6AGL AGL Energy Ltd
7AHG Automotive Holdings Group Ltd
8AHY Asaleo Care Ltd
9AIA Auckland International Airport Ltd
10AJM Altura Mining Ltd
11ALG Ardent Leisure Group Ltd
12ALL Aristocrat Leisure Ltd
13ALQ ALS Ltd
14ALU Altium Ltd
15ALX Atlas Arteria Ltd
16AMA AMA Group Ltd
17AMC Amcor Ltd/Australia
18AMI Aurelia Metals Ltd
19AMP AMP Ltd
20ANN Ansell Ltd
21ANZ Australia & New Zealand Banking Group Lt
22AOG Aveo Group
23APA APA Group
24API Australian Pharmaceutical Industries Ltd
25APT Afterpay Touch Group Ltd
26APX Appen Ltd
27ARB ARB Corp Ltd
28ARF Arena REIT
29ARQ ARQ Group Ltd
30ASB Austal Ltd
31ASL Ausdrill Ltd
32AST AusNet Services
33ASX ASX Ltd
34AUB AUB Group Ltd
35AVN Aventus Group
36AWC Alumina Ltd
37AX1 Accent Group Ltd
38AYS Amaysim Australia Ltd
39AZJ Aurizon Holdings Ltd
40BAL Bellamy's Australia Ltd
41BAP Bapcor Ltd
42BBN Baby Bunting Group Ltd
43BEN Bendigo & Adelaide Bank Ltd
44BGA Bega Cheese Ltd
45BHP BHP Group Ltd
46BIN Bingo Industries Ltd
47BKL Blackmores Ltd
48BKW Brickworks Ltd
49BLD Boral Ltd
50BOQ Bank of Queensland Ltd
51BPT Beach Energy Ltd
52BRG Breville Group Ltd
53BSL BlueScope Steel Ltd
54BVS Bravura Solutions Ltd
55BWP BWP Trust
56BWX BWX Ltd
57BXB Brambles Ltd
58CAR carsales.com Ltd
59CBA Commonwealth Bank of Australia
60CCL Coca-Cola Amatil Ltd
61CCP Credit Corp Group Ltd
62CDD Cardno Ltd
63CGC Costa Group Holdings Ltd
64CGF Challenger Ltd
65CHC Charter Hall Group
66CIM CIMIC Group Ltd
67CIP Centuria Industrial REIT
68CKF Collins Foods Ltd
69CL1 Class Ltd
70CLQ Clean TeQ Holdings Ltd
71CLW Charter Hall Long Wale REIT
72CMA Centuria Metropolitan REIT
73CMW Cromwell Property Group
74CNU Chorus Ltd
75COE Cooper Energy Ltd
76COH Cochlear Ltd
77COL Coles Group Ltd
78CPU Computershare Ltd
79CQE Charter Hall Education Trust
80CQR Charter Hall Retail REIT
81CSL CSL Ltd
82CSR CSR Ltd
83CTD Corporate Travel Management Ltd
84CTX Caltex Australia Ltd
85CUV Clinuvel Pharmaceuticals Ltd
86CVN Carnarvon Petroleum Ltd
87CWN Crown Resorts Ltd
88CWP Cedar Woods Properties Ltd
89CWY Cleanaway Waste Management Ltd
90CYB CYBG PLC
91DCN Dacian Gold Ltd
92DHG Domain Holdings Australia Ltd
93DLX DuluxGroup Ltd
94DMP Domino's Pizza Enterprises Ltd
95DOW Downer EDI Ltd
96DXS Dexus
97ECX Eclipx Group Ltd
98EHE Estia Health Ltd
99EHL Emeco Holdings Ltd
100ELD Elders Ltd
101EML EML Payments Ltd
102EPW ERM Power Ltd
103EVN Evolution Mining Ltd
104FAR FAR Ltd
105FBU Fletcher Building Ltd
106FLT Flight Centre Travel Group Ltd
107FMG Fortescue Metals Group Ltd
108FNP Freedom Foods Group Ltd
109FPH Fisher & Paykel Healthcare Corp Ltd
110FXL FlexiGroup Ltd/Australia
111GDI GDI Property Group
112GEM G8 Education Ltd
113GMA Genworth Mortgage Insurance Australia Lt
114GMG Goodman Group
115GNC GrainCorp Ltd
116GOR Gold Road Resources Ltd
117GOZ Growthpoint Properties Australia Ltd
118GPT GPT Group/The
119GUD GUD Holdings Ltd
120GWA GWA Group Ltd
121GXY Galaxy Resources Ltd
122HLS Healius Ltd
123HPI Hotel Property Investments
124HSN Hansen Technologies Ltd
125HSO Healthscope Ltd
126HT1 HT&E Ltd
127HUB HUB24 Ltd
128HVN Harvey Norman Holdings Ltd
129IAG Insurance Australia Group Ltd
130IEL IDP Education Ltd
131IFL IOOF Holdings Ltd
132IFM Infomedia Ltd
133IFN Infigen Energy
134IGL IVE Group Ltd
135IGO Independence Group NL
136ILU Iluka Resources Ltd
137IMD Imdex Ltd
138IMF IMF Bentham Ltd
139INA Ingenia Communities Group
140ING Inghams Group Ltd
141INR ioneer Ltd
142IPH IPH Ltd
143IPL Incitec Pivot Ltd
144IRE IRESS Ltd
145IRI Integrated Research Ltd
146IVC InvoCare Ltd
147JBH JB Hi-Fi Ltd
148JHC Japara Healthcare Ltd
149JHG Janus Henderson Group PLC
150JHX James Hardie Industries PLC
151JIN Jumbo Interactive Ltd
152JMS Jupiter Mines Ltd
153KAR Karoon Energy Ltd
154KDR Kidman Resources Ltd
155KGN Kogan.com Ltd
156LLC Lendlease Group
157LNG Liquefied Natural Gas Ltd
158LNK Link Administration Holdings Ltd
159LOV Lovisa Holdings Ltd
160LYC Lynas Corp Ltd
161MAH Macmahon Holdings Ltd
162MFG Magellan Financial Group Ltd
163MGR Mirvac Group
164MGX Mount Gibson Iron Ltd
165MIN Mineral Resources Ltd
166MLD MACA Ltd
167MLX Metals X Ltd
168MMS McMillan Shakespeare Ltd
169MND Monadelphous Group Ltd
170MNY Money3 Corp Ltd
171MP1 Megaport Ltd
172MPL Medibank Pvt Ltd
173MQG Macquarie Group Ltd
174MSB Mesoblast Ltd
175MTS Metcash Ltd
176MVF Monash IVF Group Ltd
177MYO MYOB Group Ltd
178MYR Myer Holdings Ltd
179MYS MyState Ltd
180MYX Mayne Pharma Group Ltd
181NAB National Australia Bank Ltd
182NAN Nanosonics Ltd
183NCK Nick Scali Ltd
184NCM Newcrest Mining Ltd
185NCZ New Century Resources Ltd
186NEA nearmap Ltd
187NEC Nine Entertainment Co Holdings Ltd
188NGI Navigator Global Investments Ltd
189NHC New Hope Corp Ltd
190NHF nib holdings Ltd/Australia
191NSR National Storage REIT
192NST Northern Star Resources Ltd
193NUF Nufarm Ltd/Australia
194NVT Navitas Ltd
195NWH NRW Holdings Ltd
196NWL Netwealth Group Ltd
197NWS News Corp
198NXT NEXTDC Ltd
199OFX OFX Group Ltd
200OGC OceanaGold Corp
201OMH OM Holdings Ltd
202OML oOh!media Ltd
203ORA Orora Ltd
204ORE Orocobre Ltd
205ORG Origin Energy Ltd
206ORI Orica Ltd
207OSH Oil Search Ltd
208OZL OZ Minerals Ltd
209PDL Pendal Group Ltd
210PDN Paladin Energy Ltd
211PGH Pact Group Holdings Ltd
212PLS Pilbara Minerals Ltd
213PME Pro Medicus Ltd
214PMV Premier Investments Ltd
215PNI Pinnacle Investment Management Group Ltd
216PNV PolyNovo Ltd
217PPS Praemium Ltd
218PPT Perpetual Ltd
219PRU Perseus Mining Ltd
220PTM Platinum Asset Management Ltd
221QAN Qantas Airways Ltd
222QBE QBE Insurance Group Ltd
223QUB Qube Holdings Ltd
224RDC Redcape Hotel Group
225REA REA Group Ltd
226REG Regis Healthcare Ltd
227RFF Rural Funds Group
228RHC Ramsay Health Care Ltd
229RIC Ridley Corp Ltd
230RIO Rio Tinto Ltd
231RMD ResMed Inc
232RMS Ramelius Resources Ltd
233RRL Regis Resources Ltd
234RSG Resolute Mining Ltd
235RWC Reliance Worldwide Corp Ltd
236S32 South32 Ltd
237SAR Saracen Mineral Holdings Ltd
238SBM St Barbara Ltd
239SCG Scentre Group
240SCP Shopping Centres Australasia Property Gr
241SDA SpeedCast International Ltd
242SDF Steadfast Group Ltd
243SEA Sundance Energy Australia Ltd
244SEK SEEK Ltd
245SFR Sandfire Resources NL
246SGF SG Fleet Group Ltd
247SGM Sims Metal Management Ltd
248SGP Stockland
249SGR Star Entertainment Grp Ltd/The
250SHL Sonic Healthcare Ltd
251SHV Select Harvests Ltd
252SIG Sigma Healthcare Ltd
253SIQ SmartGroup Corp Ltd
254SKC SKYCITY Entertainment Group Ltd
255SKI Spark Infrastructure Group
256SLC Superloop Ltd
257SLK SeaLink Travel Group Ltd
258SLR Silver Lake Resources Ltd
259SOL Washington H Soul Pattinson & Co Ltd
260SPK Spark New Zealand Ltd
261SPL Starpharma Holdings Ltd
262SSM Service Stream Ltd
263STO Santos Ltd
264SUL Super Retail Group Ltd
265SUN Suncorp Group Ltd
266SVW Seven Group Holdings Ltd
267SWM Seven West Media Ltd
268SXL Southern Cross Media Group Ltd
269SXY Senex Energy Ltd
270SYD Sydney Airport
271SYR Syrah Resources Ltd
272TAH Tabcorp Holdings Ltd
273TCL Transurban Group
274TGR Tassal Group Ltd
275TLS Telstra Corp Ltd
276TME Trade Me Group Ltd
277TNE Technology One Ltd
278TPM TPG Telecom Ltd
279TWE Treasury Wine Estates Ltd
280URW Unibail-Rodamco-Westfield
281VCX Vicinity Centres
282VEA Viva Energy Group Ltd
283VLW Villa World Ltd
284VOC Vocus Group Ltd
285VRL Village Roadshow Ltd
286VRT Virtus Health Ltd
287VVR Viva Energy REIT
288WBC Westpac Banking Corp
289WEB Webjet Ltd
290WES Wesfarmers Ltd
291WGN Wagners Holding Co Ltd
292WGX Westgold Resources Ltd
293WHC Whitehaven Coal Ltd
294WOR WorleyParsons Ltd
295WOW Woolworths Group Ltd
296WPL Woodside Petroleum Ltd
297WPP WPP AUNZ Ltd
298WSA Western Areas Ltd
299WTC WiseTech Global Ltd
300XRO Xero Ltd

Menu 2: Listed Investment Companies

#CODECOMPANY
1AFIAustralian Foundation Investment Company Limited
2AMHAMCIL Limited
3ARGArgo Investments Limited
4AUIAustralian United Investment Company Limited
5BKIBKI Investment Company Limited
6BSNBisan Limited
7CAMClime Capital Limited
8CBCCBG Capital Limited
9CDMCadence Capital Limited
10CIEContango Income Generator Limited
11CINCarlton Investments Limited
12CLFConcentrated Leaders Fund
13CVFContrarian Value Fund Limited
14CYACentury Australia Investments Limited
15DJWDjerriwarrh Investments Limited
16DUIDiversified United Investment Limited
17EFFEvans & Partners Australian Flagship Fund
18FGXFuture Generation Investment Company Limited
19FORForager Australian Shares Fund
20FSIFlagship Investments Limited
21IBCIronbark Capital Limited
22MA1Monash Absolute Investment Company Limited
23MIRMirrabooka Investments Limited
24MLTMilton Corporation Limited
25MVTMercantile Investment Company Ltd
26NGENGE Capital Limited
27OEQOrion Equities Limited
28PICPerpetual Equity Investment Company Limited
29WAMWAM Capital Limited
30WHFWhitefield Limited
31WICWestoz Investment Company Limited
32WLEWAM Leaders Limited

Menu 3: Exchange Traded Funds

VANGUARD

#CODENAME OF FUND
1VACFVanguard Australian Corporate Fixed Interest Index ETF
2VAEVanguard FTSE Asia Ex-Japan Shares Index ETF
3VAFVanguard Australian Fixed Interest Index ETF
4VAPVanguard Australian Property Securities Index ETF
5VASVanguard Australian Shares Index ETF
6VBNDVanguard Global Aggregate Bond Index (Hedged) ETF
7VCFVanguard International Credit Securities Index (Hedged) ETF
8VDBAVanguard Diversified Balanced Index ETF
9VDCOVanguard Diversified Conservative Index ETF
10VDGRVanguard Diversified Growth Index ETF
11VDHGVanguard Diversified High Growth Index ETF
12VEQVanguard FTSE Europe Shares ETF
13VEUVanguard All-World ex US Shares Index ETF
14VGADVanguard MSCI Index International Shares (Hedged) ETF
15VGBVanguard Australian Government Bond Index ETF
16VGEVanguard FTSE Emerging Markets Shares ETF
17VGSVanguard MSCI Index International Shares ETF
18VHYVanguard Australian Shares High Yield ETF
19VIFVanguard International Fixed Interest Index (Hedged) ETF
20VLCVanguard MSCI Australian Large Companies Index ETF
21VSOVanguard MSCI Australian Small Companies Index ETF
22VTSVanguard US Total Market Shares Index ETF

iSHARES

 CODENAME OF FUND
1AUMFiShares Edge MSCI Australia Multifactor ETF
2BILLiShares Core Cash ETF
3IAAiShares S&P Asia 50 ETF
4IAFiShares Core Composite Bond ETF
5IEMiShares MSCI Emerging Markets ETF
6IEUiShares S&P Europe ETF
7IGBiShares Treasury ETF
8IHCBiShares Core Global Corporate Bond (AUD Hedged) ETF
9IHDiShares S&P/ASX High Dividend Yield ETF
10IHEBiShares J.P.Morgan USD Emerging Markets Bond (AUD Hedged) ETF
11IHHYiShares Global High Yield Bond (AUD Hedged) ETF
12IHOOiShares Global 100 AUD Hedged ETF
13IHVViShares S&P 500 AUD Hedged ETF
14IHWLiShares Core MSCI World All Cap AUD Hedged ETF
15IJHiShares S&P Midcap ETF
16IJPiShares MSCI Japan ETF
17IJRiShares S&P Small-Cap ETF
18IKOiShares MSCI South Korea Capped Index ETF
19ILBiShares Government Inflation ETF
20ILCiShares S&P/ASX 20 ETF
21IOOiShares S&P Global 100 ETF
22IOZiShares Core S&P/ASX 200 ETF
23ISECiShares Enhanced Cash ETF
24ISOiShares S&P/ASX Small Ordinaries ETF
25ITWiShares MSCI Taiwan ETF
26IVEiShares MSCI EAFE ETF
27IVViShares S&P 500 ETF
28IWLDiShares Core MSCI World All Cap ETF
29IXIiShares S&P Global Consumer Staples ETF
30IXJiShares S&P Global Healthcare ETF
31IZZiShares FTSE China Large-Cap ETF
32MVOLiShares Edge MSCI Australia Minimum Volatility ETF
33WDMFiShares Edge MSCI World Multifactor ETF
34WVOLiShares Edge MSCI World Minimum Volatility ETF

BETASHARES

 CODENAME OF FUND
1A200Betashares Australia 200 ETF
2AAABetashares Australian High Interest Cash ETF
3BEARBetashares Australian equities Bear Fund
4BNKSBetaShares Global Banks ETF - Currency Hedged
5CREDBetaShares Australian Investment Grade Bond ETF
6DRUGBetaShares Global Healthcare ETF - Currency Hedged
7EEUBetaShares Euro ETF
8ETHIBetaShares Global Sustainability Leaders ETF
9EX20BetaShares Australian Ex-20 Portfolio Diversifier ETF
10FAIRBetaShares Australian Sustainability Leaders ETF
11FOODBetaShares Global Agriculture Companies ETF
12FUELBetaShares Global Energy Companies ETF - Currency Hedged
13HACKBetaShares Global Cybersecurity ETF
14HEURBetaShares WisdomTree Europe ETF - Currency Hedged
15HJPNBetaShares WisdomTree Japan ETF - Currency Hedged
16MNRSBetaShares Global Gold Miners ETF - Currency Hedged
17NDQBetaShares NASDAQ 100 ETF
18OOOBetaShares Crude Oil Index ETF-Currency Hedged (Synthetic)
19POUBetaShares British Pound ETF
20QAGBetaShares Agriculture ETF-Currency Hedged (Synthetic)
21QAUBetaShares Gold Bullion ETF (AU$ Hedged)
22QCBBetaShares Commodities Basket ETF-Currency Hedged (Synthetic)
23QFNBetaShares S&P/ASX 200 Financials Sector ETF
24QOZBetaShares FTSE RAFI Australia 200 ETF
25QPONBetaShares Australian Bank Senior Floating Rate Bond ETF
26QREBetaShares S&P/ASX 200 Resources Sector ETF
27QUSBetaShares FTSE RAFI US 1000 ETF
28USDBetaShares U.S Dollar ETF
29YMAXBetaShares Australian Top 20 Equity Yield Maximiser Fund ETF

RUSSEL

 CODENAME OF FUND
1RARIRussell Australian Responsible Investment ETF
2RCBRussell Australian Select Corporate Bond ETF
3RDVRussell High Dividend Australian Shares ETF
4RGBRussell Australian Government Bond ETF
5RSMRussell Australian Semi-Government Bond ETF

STATE STREET


CODENAME OF FUND
1BONDSPDR S&P/ASX Australian Bond Fund
2DJRESPDR Dow Jones Global Select Real Estate Fund
3GOVTSPDR S&P/ASX Australian Government Bond Fund
4OZFSPDR S&P/ASX 200 Financials ex A-REITs Fund
5OZRSPDR S&P/ASX 200 Resource Fund
6QMIXSPDR MSCI World Quality Mix Fund
7SFYSPDR S&P/ASX 50
8SLFSPDR S&P/ASX 200 Listed Property Fund
9SPYSPDR S&P 500 ETF Trust
10SSOSPDR S&P/ASX Small Ordinaries Fund
11STWSPDR S&P/ASX 200
12SYISPDR MSCI Australia Select High Dividend Yield Fund
13WDIVSPDR S&P Global Dividend Fund
14WEMGSPDR S&P Emerging Markets Fund
15WXHGSPDR S&P World ex Australian (Hedged) Fund
16WXOZSPDR S&P World ex Australian Fund


Menu 4: Term Deposits


Term Deposits are issued by the following companies for terms as available:

  • ANZ
  • NAB; and
  • ME Bank.


Fees

There is a $20 per month ‘Portfolio Administration Fee’ (PAF) (also known as the ‘DIO account fee’) legalsuper charges administration fees of $1.30 per week plus 0.29% of total asset value. The amounts invested through the DIO are counted for the calculation of administration fees.
Brokerage fees will apply if you purchase or sell shares in your DIO account. Please note, the $20 per month fee is payable regardless of whether or not you transact. This is calculated daily and deducted from your cash account on the first business day each month.
In addition, a ‘DIO Cash account fee’ of 0.40% is charged by the DIO platform provider (UBS). This fee only applies to funds held in the DIO Cash account, is calculated daily and is deducted monthly from your DIO Cash account. Further details of the ‘Fees and costs’ associated with the DIO are contained in the Employer Sponsored Super & Personal Super Additional Information document, or the Pension Product Disclosure Statement.

Investment limits


SUPER DIO LIMITSPENSION DIO LIMITS*
Minimum legalsuper balance$10,000$10,000
Minimum non–DIO holding requirement$3,000$3,000**
Maximum single S&P/ASX300 security25% of total legalsuper balance25% of total legalsuper balance
DIO Cash account minimum balance$250$250

* Excludes Transition to Retirement (TTR) pensions.

** In addition to the $3,000 shown above, existing or new Pension members who instruct legalsuper to transfer funds into their DIO must be aware of the Minimum Pension Payment Requirement (Requirement). This Requirement is to ensure that Pension members maintain sufficient

money in their non-DIO investment option(s) to meet the legislated annual minimum pension payment. Therefore, the minimum non-DIO holding requirement for Pension members will be the greater of $3,000 or the equivalent of 13 months of the required annual minimum pension payment.


General Rules

ILLIQUID INVESTMENT DECLARATION

  • The DIO has been declared an illiquid investment option in accordance with Superannuation Industry (Supervision) Regulations.
  • Ordinarily, the Superannuation Industry (Supervision) Regulations require the Trustee to transfer or roll over amounts within 3 days of receiving a request or obtaining additional information if required.
  • The 3-day requirement does not apply to amounts invested in the DIO plus the minimum legalsuper holding.
  • Requests to transfer or roll over amounts invested in the DIO plus the minimum legalsuper holding are unable to be transferred until all DIO assets have been sold, the DIO account has been closed and all monies have been transferred to another legalsuper option.

ILLIQUID INVESTMENT CONSENT

  • By requesting a transfer of monies to your DIO Cash account and by issuing investment instructions for the DIO, you are consenting that you understand and accept that all amounts invested in the DIO plus the minimum legalsuper holding amounts are illiquid.

INVESTMENT REDEMPTION INSTRUCTIONS

  • Members must issue their own investment instructions using the online system.
  • legalsuper is unable to pay pensions from the DIO.
  • Members must ensure that the balance held in their other legalsuper investment option(s) is sufficient to meet any required pension payments and, at all times, maintain the minimum holding requirement.
  • The Trustee of legalsuper will only issue investment instructions on behalf of members in the Exceptional Circumstances listed in this Approved Investment Menu.

EXCEPTIONAL CIRCUMSTANCES

  • The Trustee of legalsuper will only issue investment instructions on behalf of you in the following circumstances:
    - to maintain the minimum non-DIO holding requirements;
    - to replenish the DIO Cash account to at least $250;
    - under a court order;
    - if you open a new legalsuper account and then exercise your right to cool-off, and fail to sell down your DIO investments;
    - if you have a Pension account and have insufficient funds in your non-DIO investment option(s) to meet your Minimum Pension Payment Requirement; or
    - following the death of a member (where no reversionary pensioner has been nominated) at the same time that the Trustee approves payment to beneficiaries.
  • The Trustee reserves the right to issue redemption instructions on behalf of legalsuper members in respect of one or more of the underlying assets held by that member in the DIO in each of the above circumstances. 
  • The Trustee will use reasonable endeavours to contact a member prior to taking such action in respect of investments in the DIO. The assets to be redeemed will be determined by the Trustee in its absolute discretion.