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Changes to the Community Reward Account

July 2014
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Changes to the Community Reward Account

The Community Reward Account supports eligible community groups and not-for-profit organisations through the Community Bonus Payment, which is an annual donation made by us to participating organisations.

The Community Bonus Payment is calculated at the end of 30 June by multiplying the Community Bonus Payment percentage by the average annual balance held in the Community Reward Accounts of all account holders who have nominated the same organisation.

The Community Bonus Payment percentage is based on the number of supporters a community organisation has at 30 June each year. We review the Community Bonus Payment percentage annually. The percentage used to calculate the 2014/15 payment will be as follows:

Number of Supporters
Community Bonus Payment Percentage p.a.
Less than 10 0.75%
10-49 1.00%
50 plus 1.25%

These changes will be included in our updated version of the Product Guide, available from us and on our website from 1 August 2014.


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