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' 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, up to a maximum tenure of nine years.

The current Trustees/Directors are:

Mr Karl Morris

B.Com, SF FINSIA, FAICD, MSAA
Chairman
Appointed: 10 December 2013 (Trustee), 1 January 2014 (Chairman)
  • Bachelor of Commerce
  • Diploma of Applied Finance and Investments
  • Fellow, Australian Institute of Company Directors
  • Senior Fellow, Financial Services Institute of Australasia
  • Master, Stockbrokers Association of Australia
 Karl Morriss
 

Mr Morris was CEO and Managing Director of Ord Minnett Ltd from 2004 until his appointment as Executive Chairman in 2009. He holds a Commerce Degree and Post Graduate Diploma from the Stockbrokers Association, Institute of Company Directors and FINSIA.

Mr Morris is on the Boards of the Stockbrokers Association of Australia of which he is also a Master Member, the RACQ and the Catholic Foundation of the Archdiocese of Brisbane. Mr Morris is also a Governor of the University of Notre Dame Australia and Patron of Bravehearts Inc.

Mr Morris is a member of the Remuneration and Investment Committees.

Mr Walter Ivessa

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

Mr Ivessa joined Queensland Treasury in 1981 and was an Assistant Under Treasurer from 1996 until 2014. As Assistant Under Treasurer, Mr Ivessa’s primary responsibilities included working with various Government departments in relation to policy development, budget management, performance and risk assessment, and major infrastructure development.

Prior to joining Treasury, Mr Ivessa worked for several Commonwealth Government departments in the Australian Capital Territory. He was formerly a member of the Public Trust Office Investment Board.

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


Mr Bede King

MAICD
Trustee
Partner, Tobin King Lateef
Appointed: 6 February 2013
  • Solicitor of the Supreme Court of Queensland
  • Associate, Financial Services Institute of Australasia
  • Fellow, Australian College of Community Association Lawyers
  • Member, Australian Institute of Company Directors
 Bede King
 

Mr King is currently a partner of Tobin King Lateef Solicitors and Notaries and was admitted as a solicitor of the Supreme Court of Queensland in 1979. He has extensive commercial law experience, particularly in commercial property, finance and corporate law.

Mr King is a director of Silver Chef Limited, FirstMac Limited and St Aidan’s Foundation Limited. He is also a member of various compliance committees of managed investment schemes involved in the property, equities and mortgage sectors. He is a director of several non-listed companies, and was the former National Chairman of YHA Australia for more than 10 years.

Mr King is Vice President of the Australian College of Community Association Lawyers (ACCAL) and an Associate of the Financial Services Institute of Australasia (FINSIA).

Mr King is currently Chairman of the Product, Services & Advice Committee and a member of the Remuneration Committee.


Dr Steve Christie

BComm LLB(Hons) LLM MAppFin PhD MAICD
Trustee
Financial Services Professional
Appointed: 1 December 2014
  • Certified financial planner
  • PhD in Applied Finance
  • Master of Applied Finance
  • Master of Laws
  • Bachelor of Laws (Honours)
  • Bachelor of Commerce
  • Member, Australian Institute of Company Directors
 Steve Christie
 

Dr Christie is currently a Director and Principal of ACD Financial, where he is a financial and investment adviser. He is an experienced financial services professional who has worked in the investment and finance industry since 1995 and previous to that as a banking, finance and taxation lawyer.

Dr Christie has held a number of senior positions including Head of Private Wealth Management at Ord Minnett, as well as Head of Asset Allocation and Senior Portfolio Manager at Goldman Sachs JBWere Private. He was previously a Director and Member of the Investment Committee of the Australian Catholic Superannuation & Retirement Fund, and sits on the Investment Committees of the Catholic Archdiocese of Sydney and Providence Wealth Advisory Group.

Dr Christie was previously an Associate Professor in Applied Finance at Macquarie University. He remains an Honorary Fellow at Macquarie University, teaching private wealth management at Masters level. He is also an Adjunct Professor in the School of Business, University of Notre Dame Australia, Sydney.

Dr Christie is currently Chairman of the Investment Committee and a member of the Remuneration Committee.


Mr Terry Mackenroth

Trustee
Former Deputy Premier and Treasurer of Queensland
Appointed: 22 April 2016
 Terry Mackenroth
 

Mr Mackenroth had a notable parliamentary career that spanned nearly 28 years and included him holding a number of ministerial roles including Treasurer and Deputy Premier. Mr Mackenroth was responsible for setting up the Office of Urban Management and overseeing the South East Queensland Regional Plan and the South East Queensland Infrastructure Plan. He retired from politics in 2005 and was subsequently appointed as a director of Devine Ltd until his recent resignation in late 2015. Mr Mackenroth has also previously served as Chairman of Lenard's Pty Ltd, Gold Coast Events Company and the Cyclone Larry Appeal Committee. He is a current director at the Queensland Rugby League and has previously served on the Board of the Australian Rugby League.

Mr Mick Barnes

JP (Qual), MAICD
Trustee
General Secretary, Queensland Police Union of Employees
Appointed: 1 June 2009
  • Justice of the Peace (Qualified) Queensland
  • Member, Australian Institute of Company Directors
 Mick Barnes
 

Mr Barnes is General Secretary of the Queensland Police Union of Employees (QPUE). He was formerly an Executive Member of the QPUE for 13 years prior to his current appointment. He has extensive expertise and knowledge in employment and industrial relations. Mr Barnes is an experienced law enforcement officer, having served for more than 25 years with the Queensland Police Service.

Mr Barnes is currently a member of the Audit & Risk, Remuneration and Product, Services & Advice 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)
 Beth Mohle
 

Ms Mohle is currently the Secretary of the Queensland Nurses' and Midwives Union (QNMU) where she has worked since 1990. She is Senior Vice President of the Queensland Council of Unions (QCU) and a member of its Executive. Prior to commencing work at the QNMU, Ms Mohle worked as a registered nurse in a medical ward at the Royal Brisbane Hospital having first started nursing in 1983.

Until recently, Ms Mohle was also a board member of HESTA where she served for over 11 years 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. She is also a Fellow of AIST.

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


Mr Jeff Backen

Dip.T., B.Ed., M.Ed., GAICD
Trustee
Assistant Secretary, Queensland Teachers' Union
Appointed: 1 December 2013
  • Diploma of Teaching (Primary)
  • Bachelor of Education
  • Masters of Education
  • Certificate of Trusteeship (Superannuation)
  • Graduate, Australian Institute of Company Directors
 Jeff Backen
 

Mr Backen is currently an Assistant Secretary of the Queensland Teachers' Union (QTU). After initially working as a primary school teacher in the early 80s, Mr Backen has since held a number of roles in both the QTU and education related organisations including the Queensland College of Teachers and the Department of Education, Training & Employment.

Mr Backen has previously been a director of Teachers Union Health fund (TUH), a trustee of the QTU Staff Superannuation Fund and TUH Staff Superannuation Fund, and also was a deputy QSuper Trustee from 1998 – 2009. Mr Backen holds a Masters of Education, and has completed the ASFA Certificate of Superannuation Trusteeship and the AICD Company Directors Course.

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


Ms Ruth McFarlane

DipMgt.
Trustee
Senior Vice-President, Together Branch of the Australian Services Union
Appointed: 1 December 2013
  • Diploma of Management
  • Certificate IV in Quality Management (General)
  • Foundation Certificate in IT Service Management
  • Certificate IV in Workplace Training
 Ruth Macfarlane
 

Ms McFarlane is currently Senior Vice President of the Together Branch of the Australian Services Union and a life member of Together Queensland. She is also the Systems Implementation Training & Support Officer (Queensland Health) at Rockhampton Hospital. Ms McFarlane has held various administrative and information services roles at Queensland Health since 1986 and has completed a broad spectrum of work related training during this time including a Diploma of Management.

In 2006, Ms McFarlane represented the Queensland Council of Unions (QCU) on its delegation to China and in 2008 was voted the Australian Services Union (ASU) Emma Miller Recipient in recognition of her ongoing commitment to the union movement.

Ms McFarlane is currently a member of both the Remuneration and Product, Services & Advice 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 2010 2011 2012 2013 2014 2015  2016  2017
Karl Morris (appointed December 2013) n/a

n/a

n/a

n/a

6 10 10 10 
Number of board meetings the trustee was eligible to attend  

n/a

n/a

n/a

n/a

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

n/a

n/a

5 10 10 10 
Number of board meetings the trustee was eligible to attend n/a

n/a

n/a

5 12 10 10 10 
Steve Christie n/a n/a n/a n/a n/a 5 9  9
Number of board meetings the trustee was eligible to attend n/a n/a n/a n/a n/a 6 10   10
Mick Barnes (appointed June 2009) 7 10 9 11 9 8 6*
Number of board meetings the trustee was eligible to attend 10 11 10 11 12 10 10   10
Beth Mohle (appointed December 2013) n/a

n/a

n/a

n/a

7 10 10
Number of board meetings the trustee was eligible to attend n/a

n/a

n/a

n/a

7 10 10  10
Jeff Backen (appointed December 2013) n/a

n/a

n/a

n/a

7 10 8  10
Number of board meetings the trustee was eligible to attend n/a

n/a

n/a

n/a 7 10 10 10 
Ruth McFarlane (appointed December 2013) n/a

n/a

n/a

n/a

7

10 10 10 
Number of board meetings the trustee was eligible to attend n/a

n/a

n/a

n/a

7 10 10  10
Terry Mackenroth (appointed April 2016) n/a n/a n/a n/a n/a n/a 3  9
Number of board meetings the trustee was eligible to attend

n/a n/a n/a n/a n/a n/a 3

 10

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

* Due to a motor vehicle accident, Mick Barnes was hospitalised and unable to attend two Board meetings in the 2015/16 financial year.

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.