Key documents

Virgin Money Super Baby Break – terms & conditions

The offer: Virgin Money Super will discount the asset based administration fee from 0.394% to 0.044% for Virgin Money Super members who are on maternity or paternity leave, for up to 12 months per child. No more than one application per child will be approved.

To be eligible to receive the offer, the applicant must:

• Be a Virgin Money Super customer (either new or existing);
• Be on or about to go on maternity/paternity leave from their employer or self-employment;
• Complete and submit a Baby Break application form; and
• Provide a letter from the employer on company letterhead, including the following details: 

1. Employee name; 
2. HR/Finance contact name, address, telephone number and email address; 
3. Maternity/Paternity leave start and end dates that correlate to the dates on the customer’s Baby Break Application form. 

If self-employed, a letter on company letterhead detailing;

1. Company name, address, ABN; and
2. Maternity/Paternity leave start and end dates that correlate to the dates on the customer’s Baby Break Application Form

Only the Asset Based Administration Fee as defined in the current Virgin Money Super Product Disclosure Statement is discounted under this offer.

Activity Fees, Dollar Based Administration Fees, Investment Management Fees and Insurance premiums are excluded from the offer and will continue as normal.

Following completion of maternity/paternity leave or 12 months (whichever is less), the Asset Based Administration Fees discount will be removed and the fee you pay will recommence as per the current Virgin Money Super Product Disclosure Statement.

The offer only applies to maternity or paternity leave (either paid or unpaid) from an employer, including same sex couples for a period of 12 months or less.

The period to which the offer applies: 

• Concludes no more than 12 months after the baby has first arrived;
• Will not be greater than 12 months per child; and
• Must be declared on the Baby Break Application Form and confirmed in writing by the customer’s employer. 

If the period you apply for is less than 12 months and you later decide to extend your leave period, please complete another Baby Break Application Form and we will extend the offer up to the maximum of 12 months.

Should a customer in receipt of the offer cease to be on maternity/paternity leave prior to the date shown on the Baby Break Application form, they must notify Virgin Money Super immediately.

Please allow 14 business days for Virgin Money Super to receive, process and accept the Baby Break Application Form and the Employer confirmation letter.

Applications cannot be back dated and are not valid until processed and accepted by Virgin Money Super.

Virgin Money Super may contact the employer nominated on the Baby Break Application Form during the period of the offer. If the contact, name, and/or leave periods details cannot be confirmed or are no longer valid, the offer may be withdrawn immediately.

Virgin Money Super reserves the right to amend, vary or withdraw this offer at any time without notice.

Other than is required under consumer protection law, under no circumstances will Virgin Money Financial Services Pty Limited and its related companies be liable for any loss or damage caused directly or indirectly by a user's reliance on information provided.