Used to assess the risk and performance of investment portfolios. This usually represents the broad market for an asset class and the minimum performance standard expected from the managers over the long-term.

The person or persons, usually the members dependant/s, who are eligible to receive a super benefit if the member dies.

The dollar amount of a member's entitlement in the Fund, including, in the event of death or disability, any insured amount or entitlement payable. A benefit payment can generally only be made when the member leaves the Fund and in circumstances allowed by Federal Government legislation.

A fee charged against a member's account to cover costs of processing a benefit payment. HESTA does not charge any benefit payment fees.