Bank of Melbourne branches across the state are putting on a free lunch for visitors and customers this week, while at the same time helping reunite Victorians with their lost super.
Branch staff are keen to help you search for any lost superannuation, something they can do in around the time it takes to order lunch. The Bank is responding to figures released by the Australian Tax Office that show Australians have $18.1 billion in lost super1, with Victorians accounting for more than $4.5 billion2.
People passing by selected Bank of Melbourne branches on Friday July 26 or Saturday July 27 are invited to drop in for a quick bite to eat while the branch staff help them chase down their lost super. All they need to bring is their Tax File Number.
“We are amazed by the amount of lost superannuation Victorians may have,” said Bank of Melbourne head of retail and business banking Gavan Thompson. “Bank of Melbourne’s people are passionate about helping the community. We’re keen to assist Victorians by reuniting them with their lost super.”
Mr Thompson said Bank of Melbourne staff were well equipped to help Victorians find and combine their lost super into one account.
The following branches will be offering “soup and super” lunches on Friday, July 26: 114 William St, 100, 233 and 325 Collins St, Bourke and Elizabeth St corner, Melbourne Central, Hawthorn, and Ballarat while many other branches will be sharing sandwiches.
On Saturday July 27, customers and friends are invited to the following branches for a free lunch: Abbotsford, Airport West, Brimbank, Broadmeadows, Burwood East, Corio, Doncaster, Epping, Fitzroy, Forest Hill, Fountain Gate, Hampton, Oakleigh, Plenty Valley, Point Cook, Richmond, Southland and Werribee Plaza.
The lost super initiative comes in the same week Bank of Melbourne celebrates its second anniversary. Since launching in July 2011, Bank of Melbourne has more than doubled its branch network. It has welcomed more than 100,000 additional customers and doubled its workforce to more than 900. The bank is on track to achieve its five-year target of more than 100 branches and over 1,000 employees.
1. Source: Australian Taxation Office, internal data as at 31 December 2012
2. Victoria’s estimated share of lost super is based on calculating the proportion of total working Australians that reside in Victorian postcodes (Source: ABS Census 2011), and applying this proportion to the total Australian lost super figure referenced above. Assumptions may change and this may alter the outcome. Calculations provided by Rice Warner Actuaries. Information provided by Rice Warner Actuaries has not been independently verified and Westpac Banking Corporation or its related entities is in no way responsible for the accuracy of such information.
The information does not take into account your personal objectives, financial or tax situation or needs and so you should consider its appropriateness having regard to these factors before acting on it.