The Australian Prudential Regulation Authority (APRA) approved the QSuper Board's application for a Registrable Superannuation Entity (RSE) Licence on 9 July 2009. At that time, QSuper became a regulated fund, subject to the Commonwealth legislation governing most Australian superannuation funds. The QSuper Fund's RSE Registration number is R1073034, and the Board's RSE Licence number is L0003391.
1. Key Management Personnel includes only those employees who have been appointed, with full decision making capacity, to roles which have responsibility for planning, directing and controlling the activities of the Group.
It’s a requirement of the QSuper Trust Deed that, at least every three years, an actuary investigates and reports on the QSuper defined benefit arrangements. Our Actuarial Report has information on the funding of our defined benefit accounts.
We have two products open to new members – you can find information on these in the QSuper Product Disclosure Statement for Accumulation and Income Accounts.
The QSuper Board has appointed QInvest to provide financial product advice and superannuation account administration services. The Financial Services Guide gives you information about the financial services QInvest Limited offers. It also provides information about QInvest Limited's relationships with third parties and advice about what to do if you have a complaint.
Product dashboards provide information (like return targets, fees and risk) to help you compare QSuper's Lifetime, our MySuper approved option, with other MySuper products. A dashboard is available for each of the eight groups within Lifetime.
You’ll find more about MySuper funds on ASIC's MoneySmart website.
A conflict of duty or interest is a circumstance which may unduly or inappropriately influence the ability of the Board (or one of QSuper's Responsible Persons) to function with the degree of probity and independence their role requires, or with regard to their duty of care to superannuation fund members and their beneficiaries.
Find out more about our conflicts of interest & duty.
We must notify members of all significant changes and events within the fund. We do this using a number of mediums, and information about our previous significant event notices can be found below.
Additionally the asset allocation ranges for the Socially Responsible investment option have changed, effective 21 November 2016.
From 1 July 2015 we reduced our admin fee for Accumulation and Income accounts from 0.22% p.a. to 0.20% p.a. and our admin fee cap has reduced as well.
From 1 July 2015 the legislative timeframe for accessing your super when you have a terminal medical condition has changed from 12 months to 24 months, for Accumulation account members and some exceptions apply.
From 1 December 2015 the Diversified Bonds investment option now has exposure to foreign currency.
From 6 June 2016 when you open a QSuper Income account or a Transition to Retirement (TTR) Income account with money from your Accumulation account, you could get a boost to your super balance.
Accumulation account members will find more information in the Important information from the QSuper Board of Trustees - Accumulation (pdf).
On 16 December 2013, QSuper changed investment objectives for some investment options.
A new lifecycle investment option called QSuper Lifetime became available for Accumulation account members to invest in.
There were also a number of changes to our insurance arrangements for Accumulation account members.