The State Public Sector Superannuation Scheme is also known as the QSuper Fund. It’s managed by the Board of Trustees of the State Public Sector Superannuation Scheme (the Board). 


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. 

The QSuper Board was established under the Superannuation (State Public Sector) Act 1990 (the QSuper Act). The QSuper Act includes rules relating to nominating and appointing and also established the Superannuation (State Public Sector) Deed 1990 (the QSuper Deed). The QSuper Deed provides the governing rules of the scheme under which we administer the provision of services to members.
Our Annual reports provide information on the governance and operation of the Fund, as well as financial statements, including Key Management Personnelremuneration.

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.

The Investments Proxy Voting Policy contains information on how we delegate the exercise of proxy votes to our equity managers in Australia and overseas.
Find out more about the QSuper Board and Trustee meeting attendance.
The QSuper Board uses outsourced service providers to help manage the QSuper Fund.

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.


Date  Topic Summary
May
2017
The following product, service and legislative updates will be taking place on 1 July 2017:
  • Investment option group names to change
  • Standard Risk measure Changes
  • Changes to Aggressive option asset allocation
  • Changes to the Self Invest option
  • Changes to existing order or priority for Income account payments
  • Introduction of Commonwealth Government superannuation reforms
  • Changes to Transition to Retirement Income account due to superannuation reforms
  • Closure of Self Invest within the Transition to Retirement Income account

Additionally the asset allocation ranges for the Socially Responsible investment option have changed, effective 21 November 2016.

You can find more information in the Important information from the QSuper Board of Trustees (pdf).
May 
2016
From 1 July 2016 QSuper is changing the insurance offered through the Accumulation account.  You can find more information in the Important information from the QSuper Board of Trustees (pdf).
March 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.

You’ll find more information in the Important information from the QSuper Board of Trustees (pdf).
March 2016 

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.

You’ll find more information in the Important information from the QSuper Board of Trustees (pdf).
March 2016

From 1 December 2015 the Diversified Bonds investment option now has exposure to foreign currency.

You’ll find more information in the Important information from the QSuper Board of Trustees (pdf).
March 2016 From 1 January 2016 if you’re entitled to Defined Benefit salary reduction this can now be paid when you make a partial withdrawal from your Defined Benefit account.
You’ll find more information in the Important information from the QSuper Board of Trustees (pdf).
March 2016

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.

You’ll find more information in the Important information from the QSuper Board of Trustees (pdf).
March 2016 From 1 July 2016 we’ll be making some changes to the asset allocation ranges for some investment options.

Accumulation account members will find more information in the Important information from the QSuper Board of Trustees - Accumulation (pdf).

Income account members will find more information in Important information from the QSuper Board of Trustees - Income (pdf).
October 2015 On 4 November 2015, there will be an increase to premiums for OnePath death insurance, additional death insurance and salary continuance cover available to some QAS employees who transferred to the Accumulation account in 2001. You’ll find more information in the Changes to insurance premiums for QAS employees Important Notice.
August 2015 There has been a change to the early release conditions for Defined Benefit accounts. These account members are now able to apply to withdraw funds directly from their Defined Benefit account without having to open an Accumulation account first. You'll find more information in the August 2015 edition of Super Scoop.
March 2015 On 1 January 2015 the QSuper Board of Trustees made some changes to the asset allocation ranges of six of the eight groups in the QSuper Lifetime investment option. You can find more information in the March 2015 edition of Super Scoop.
March 2015 The QSuper Board has made a change to QSuper's Socially Responsible Investment Policy. From 30 June 2015 QSuper will no longer invest in tobacco. You can find more information in the March 2015 edition of Super Scoop.
September 2014 On 1 January 2015, QSuper will be increasing premiums for death and TPD insurance cover available through an Accumulation account. You can find more information in the Insurance Important Notice
July 2014 In September 2014, QSuper will be launching Self Invest, a new direct investment option for members seeking greater control over their super investments. Find out more in the Self Invest Important Notice
July 2014 QSuper has updated the standard risk measure rating for the Moderate investment option and for the Focus 1 and Sustain 1 groups in the QSuper Lifetime investment option. Moderate changed from the risk band 3 (low to medium) to risk band 2 (low), Focus 1 changed from risk band 5 (medium to high) to 4 (medium), and Sustain 1 changed from risk band 1 (very low) to 2 (low). You can find more information in the August 2014 edition of Super Scoop.
July 2014 From 1 September 2014, QSuper will be changing the deadline for the receipt of an investment switch application from 5.00pm to 3.00pm. QSuper now also offers members the ability to withdraw a switch application before the cut-off time on the Brisbane working day it is received. You can find more information in the August 2014 edition of Super Scoop.
March 2014 QSuper is introducing an annual cap on our administration fee. This fee cap will be administered by way of a rebate in July of the following financial year. You can find more Information in the March 2014 edition of Super Scoop.
March 2014 On 26 May 2014, QSuper will expand the Lifetime option to eight groups and change the investment objectives for some groups. The introduction of new groups means the investment fees will change for most members invested in Lifetime. You can find more information in the Lifetime Important notice.
August 2013

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.

You can find more information in:
July 2013 On 1 July 2013 the QSuper Board introduced changes which allow QSuper members to make a binding death benefit nomination for their QSuper account/s. You can find more information in the August 2013 edition of Super Scoop.
1 July 2013 From 1 July 2013, the QSuper Board has implemented changes to the rules around transfers out of the Accumulation account for Queensland Government and related entity employees. You can find more information in the August 2013 edition of Super Scoop.