Australian Retirement Trust launches Reconciliation Action Plan
01 June 2023
5
min read
Australian Retirement Trust (ART) has underlined its commitment to reconciliation with the launch of a ‘Reflect’ Reconciliation Action Plan (RAP).
Australian Retirement Trust is the super fund formed through the merger of QSuper and Sunsuper to create one of Australia’s largest super funds. We are proud to take care of over $240 billion in retirement savings for more than 2.2 million members.
The launch of our Reflect RAP comes just over a year since the merger and continues the legacy and passion for reconciliation of both QSuper and Sunsuper.
Our Reflect RAP delivers a commitment to Australia’s reconciliation journey and identifies actions ART can take that will make a measurable difference for Indigenous Australians.
About the RAP framework
Reconciliation Australia’s RAP framework gives organisations, such as ART, a structured way to advance reconciliation.
Four RAP types – Reflect, Innovate, Stretch and Elevate – enable organisations to keep developing their reconciliation commitments with each RAP type designed to suit an organisation at different stages of its reconciliation journey.
A Reflect RAP sets out the steps to get ready for reconciliation initiatives in following RAPs. As a new superannuation fund, we worked with First Nations Advisory to assess our current state and aspirations and through this process, decided that a Reflect RAP suited us best.
Looking ahead to building relationships
Over the next 12 months, ART will spend time developing and strengthening relationships with Aboriginal and Torres Strait Islander peoples so that we can build the foundations for reconciliation as an organisation.
ART Chief Executive Officer Bernard Reilly said our Reflect RAP was a first commitment to help remove barriers in the superannuation sector and within ART, so that more Aboriginal and Torres Strait Islander peoples could grow and protect their super.
As one of Australia’s largest superannuation funds, we have a responsibility to purposefully contribute to reconciliation in Australia, and we believe we can do this by addressing the challenges faced by First Nations people in preparing for retirement, and in the pursuit of socio-economic equity,” Mr Reilly said.
“We’re very proud of the legacy and shared commitment that we have brought together in our Reflect RAP. As a fund that is only a year old, we now have a great opportunity to ensure that reconciliation is embedded in our culture from the very start.”