The QSuper Board is responsible for managing the QSuper Fund. That includes creating and implementing its strategic plan, formulating and overseeing its investment strategy, and developing and delivering its products and services. 

The Board delegates day-to-day administration of QSuper to the Chief Executive Officer and Executive management team. The Board does however retain responsibility for the operation of QSuper and receives regular reports from QSuper’s management. The Board has procedures in place to make sure the Executive management team is appropriately qualified and experienced to discharge its responsibilities. 

The QSuper Group undertakes the daily administration and investment of QSuper, employing around 1,000 staff around Queensland to provide the following services: 

  • Member information and education services (including a Contact Centre, the website, publications, and a seminar program). 
  • Administering member services (including processing member and employer contributions, maintaining member account records, assessing benefit claims, and processing benefit payments).
  • Developing the membership offer.
  • Complete scheme financial reporting. 
  • Investment capability (including but not limited to unit pricing, managing custody arrangements and external investment mandates, developing and implementing investment strategy to actively manage the overall asset allocation of funds under management). 
  • Providing secretariat services to the Boards.

The Board is established under the Superannuation (State Public Sector) Act 1990 (the QSuper Act), and is currently made up of nine Trustees, including equal employer and member entity representation, as well as one additional independent Board member. 

The four employer representatives are nominated by the Queensland Government, while the four member entity representatives are nominated by the Queensland Police Union, Queensland Nurses & Midwives' Union, Queensland Teachers' Union and Together Queensland. More detail on the nomination and removal process for Trustees can be found in Sections 5 and 6 of the QSuper Act (link above), as well as Sections 2B - 2L of the Superannuation (State Public Sector) Regulation 2006.

Trustees serve on the Board for a term of up to three years, after which they may be nominated to accept reappointment, generally up to a maximum tenure of nine years.

The current Trustees/Directors are:

Mr Don Luke

BSc, BA (Econ), FAIM, MAICD
Chair
Appointed: 1 January 2020
  • Bachelor of Science (Maths and Physics)
  • Bachelor of Arts (Economics and Psychology)
  • Fellow, Australian Institute of Management
  • Member, Australian Institute of Company Directors
 Don luke

Mr Luke is currently Non-Executive Chair of the private equity manager M.H. Carnegie & Co. and For Purpose Investment Partners.

Mr Luke was previously Chair of the Queensland Investment Corporation for five years until March 2019, a Non-Executive Director of AMP Capital Investors Limited and AMP Capital Holdings for seven years until March 2014, and the Executive Director of the Community Services Commission for the Anglican Church in South Queensland for five years until August 2012. Prior to this role, Mr Luke was CEO of Sunsuper for ten years until May 2007, and prior to that AMP Qld Manager.

Mr Luke is currently a member of the Audit & Risk, Investment and Remuneration Committees.

Mr Walter Ivessa

B.Ec
Trustee
Former Assistant Under Treasurer, Queensland Treasury
Appointed: 1 June 2009
  • Bachelor of Economics
  • RG146 Superannuation
 bio
 

Mr Ivessa joined Queensland Treasury in 1981 and was an Assistant Under Treasurer from 1996 until his retirement in December 2014. During his career as a senior executive with Queensland Treasury, Mr Ivessa’s areas of responsibility included budget strategy and management, economic reform and regulation, government owned corporations and inter-governmental relations. Mr Ivessa is also a former member of the Public Trust Office Investment Board.

Mr Ivessa is currently Chair of the Investment Committee and a member of the Audit & Risk and Remuneration Committees.


Ms Mary-Anne Curtis

B.Comm, LLB, GAICD
Trustee
Director-General, Department of Employment, Small Business and Training
Appointed: 1 July 2018
  • Bachelor of Laws
  • Bachelor of Commerce
 bio
 

Ms Mary-Anne Curtis is currently the Director-General of the Department of Employment, Small Business and Training.

She was previously a Deputy Under Treasurer within Queensland Treasury, providing advice and analysis to the Queensland Government on public policy, fiscal and economic issues particularly in relation to social policy portfolios and inter-governmental financial relations.

Ms Curtis is a member of the Australian Institute of Company Directors and holds a Bachelor of Laws and Bachelor of Commerce from QUT and the University of Southern Queensland respectively.

Ms Curtis is currently Chair of the Audit & Risk Committee and a member of the Remuneration Committee.


Ms Sandra McCullagh

BSc., MBA, GAICD
Trustee
Principal and Director, About Energy
Appointed: 25 February 2019
  • Bachelor of Science in Computer Science and Maths
  • Bachelor of Arts in Computer Science
  • Master of Business Administration
  • Graduate of Australian Institute of Company Directors
 Sandra McCullagh
 

Ms Sandra McCullagh is currently the Principal and Director of About Energy, a consulting firm in the areas of energy, environment, social and governance issues. Ms McCullagh is also currently a member of the Queensland Government’s Climate Advisory Council and she was previously both a Director - Equities Research, and Head of Environmental, Social & Governance Equities Research at Credit Suisse.

Ms McCullagh has held senior positions at several energy companies and she currently serves as a Councillor at Clayfield College and is on the Capital Campaign Working Group of the Sydney Dance Company.

Ms McCullagh is a graduate of the Australian Institute of Company Directors and holds a Bachelor of Science in Computer Science and Maths, a Bachelor of Arts in Computer Science, both from the University of Queensland and an MBA from Adelaide University.

Ms McCullagh is currently a member of the Investment and Remuneration Committee.


Professor Michael E. Drew

BEcon, MEconSt, PhD, FAICD
Trustee
Director and Chief Investment Officer MGD Private
Appointed: 1 January 2020
  • Bachelor of Economics
  • Master of Economic Studies
  • Doctor of Philosophy (in the field of Economics)
  • Accredited Investment Fiduciary Analyst®
  • Fellow, Australian Institute of Company Directors
  • Fellow, The Chartered Governance Institute
  • Fellow, Institute of Managers and Leaders
  • Fellow, Governance Institute of Australia
  • Fellow, Queensland Academy of Arts and Sciences
  • Master Member, Stockbrokers and Financial Advisors Association
  • Senior Fellow (Life Member), FINSIA
 Michael drew
 

Professor Drew is a consulting financial economist specialising in the areas of investment governance, asset allocation and outcome-oriented investing. Professor Drew is a Director of MGD Private, where he is the Chief Investment Officer, and a Professor of Finance at Griffith University.

Concurrently, he serves as a member of the Investment Advisory Board of the Petroleum Fund of Timor-Leste, a Trustee of Mary Aikenhead Ministries, and a member of the Academic Advisory Council of the Defined Contribution Institutional Investment Association’s Retirement Research Centre in Washington, D.C.

Professor Drew is currently a member of the Investment and Remuneration Committees.

Ms Beth Mohle

B.Arts., GradCert (Health Economics), RN.
Trustee
Secretary, Queensland Nurses' and Midwives Union
Appointed: 1 December 2013
  • Bachelor of Arts
  • Certificate in General Nursing – Registered Nurse
  • Postgraduate Certificate in Health Economics
  • Certificate in Superannuation Management
  • Certificate of Trusteeship (Superannuation)
  • Fellow of the Australian Institute of Superannuation Trustees (FAIST)
 bio
 

Ms Mohle is currently the Secretary of the Queensland Nurses' and Midwives Union (QNMU) where she has worked since 1990. She is also Senior Vice President of the Queensland Council of Unions (QCU). Prior to commencing work at the QNMU, Ms Mohle worked as a registered nurse at the Royal Brisbane Hospital.

Ms Mohle was previously a board member of HESTA, including a term as both Chair and Deputy Chair. In 2008, the Australian Institute of Superannuation Trustees (AIST), named Ms Mohle Trustee of the Year.

Ms Mohle is currently Chair of the Remuneration Committee and a member of the Investment Committee.


Mr Shayne Maxwell

Trustee
Assistant General Secretary, Queensland Police Union of Employees
Appointed: 1 June 2018
  • Member of Australian Institute of Company Directors
bio

Mr Maxwell is Assistant General Secretary of the Queensland Police Union of Employees.

He is also an Executive Member of the Queensland Council of Unions and a Director of the Queensland Police Legacy Scheme. Mr Maxwell is an experienced law enforcement officer, having served in the Queensland Police Service between 1981 and 2018.

Mr Maxwell is currently a member of the Audit & Risk and Remuneration Committees.


Ms Kate Ruttiman

BA, GradDipEd
Trustee
Deputy General Secretary, Queensland Teachers' Union
Appointed: 1 December 2018
  • Bachelor of Arts
  • Graduate Diploma of Education (Secondary)
  • Certificate in Super Essentials (ASFA)
Kate Ruttiman

Ms Ruttiman has been Queensland Teachers’ Union (QTU) Deputy General Secretary since 2010 and is QTU’s lead enterprise bargaining negotiator, having worked on the performance review models, joint statements and basic guides. Ms Ruttiman is also a member of the Queensland Work Health and Safety Board and has previously been a board member of Teachers’ Union Health and the Southbank Institute of TAFE. Ms Ruttiman is also a Member of the Australian Institute of Company Directors and a member of the Queensland Council of Unions Executive.

Ms Ruttiman is currently a member of the Audit & Risk and Remuneration Committees.

Mr Bruce Cowley

BCom, LLB (Hons), FAICD, JP
Trustee
Appointed: 1 December 2019
  • Bachelor of Commerce
  • Bachelor of Laws (Honours)
  • Fellow of the Australian Institute of Company Directors
  • Justice of the Peace
 Bruce Cowley
 

Mr Cowley was, until 30 June 2019, Chair of one of Australia's largest law firms, MinterEllison, and has practiced as a corporate lawyer for more than 38 years, specialising in directors' duties and corporate governance. He has authored the 'Protecting Your Position' series of publications on director liabilities and has recently co-authored the book entitled 'Duties of Board and Committee Members'.

Mr Cowley is currently a director of a number of not-for-profit and government entities, including Chair of CPL, the Children's Hospital Foundation Queensland and IDEAS Van Partnerships, as well as a member of the Takeovers Panel, the Australian Institute of Company Directors Law Committee and Griffith University’s Strategic Advisory Board.

Mr Cowley is currently a member of the Audit & Risk and Remuneration Committees.

The table below shows how many meetings each Board member attended, as well as the number of meetings each member was eligible to attend during a financial year.

 Financial years ending 30 June

     
Name 2012 2013 2014 2015  2016 2017 2018 2019
Karl Morris (appointed December 2013) n/a n/a 6 10 10 10 9 10
Number of board meetings the trustee was eligible to attend n/a

n/a

6 10 10 10  9 10
Walter Ivessa (appointed June 2009) 10 11 11 8 9  9 8 9
Number of board meetings the trustee was eligible to attend 10 11 12 10  10  10 9 10
Bede King1 (appointed February 2013) n/a
5 10 10 9 10  7 4
Number of board meetings the trustee was eligible to attend n/a

5 12 10 10 10 9 4
Steve Christie n/a n/a n/a 5 9  9 9 10
Number of board meetings the trustee was eligible to attend n/a n/a n/a 6 10  10 9 10
Beth Mohle (appointed December 2013) n/a
n/a
7 10 10 9 9 10
Number of board meetings the trustee was eligible to attend n/a

n/a

7 10 10 10 9 10
Jeff Backen2 (appointed December 2013) n/a

n/a

7 10 8  10 9 4
Number of board meetings the trustee was eligible to attend n/a
n/a 7 10 10 10 9 4
Ruth McFarlane (appointed December 2013) n/a

n/a 7 10 10 10  9 9
Number of board meetings the trustee was eligible to attend n/a
n/a
7 10 10 10 9 10
Shayne Maxwell (appointed June 2018) n/a n/a
n/a
n/a n/a n/a 1 8
Number of board meetings the trustee was eligible to attend n/a n/a
n/a
n/a n/a n/a 1 10
Mary-Anne Curtis (appointed July 2018) n/a n/a n/a n/a n/a n/a n/a 8
Number of board meetings the trustee was eligible to attend n/a
n/a
n/a n/a n/a n/a n/a 10
Sandra McCullagh (appointed February 2019) n/a n/a n/a n/a n/a n/a n/a 3
Number of board meetings the trustee was eligible to attend n/a n/a
n/a
n/a n/a n/a n/a 4
Kate Ruttiman (appointed December 2018) n/a n/a n/a n/a n/a n/a n/a 5
Number of board meetings the trustee was eligible to attend n/a
n/a
n/a n/a n/a n/a n/a 6

Previous Trustees and their Board meeting attendance is available in each year’s Annual Report to Members.


1. Bede King's tenure as a Trustee ended on 30 November 2018
2. Jeff Backen's tenure as a Trustee ended on 30 November 2018

The Board has implemented a process for periodic review and evaluation of its performance (including external review of the Board), and the performance of its committees. Each member of the Board has committed to a comprehensive personal training plan, which will ensure their ongoing compliance with the requirements of the Board's Fit and Proper Policy, and general professional development (in line with best practice).
The Board is remunerated in accordance with rates approved by the Treasurer of Queensland, as Minister, in consultation with the Board. This remuneration represents an all-inclusive fee encompassing all QSuper Board related activities (including committee memberships and Directorships of QSuper Group companies). Board members who are also employees of the Queensland Government aren’t remunerated for their trustee duties.