The Australian Retirement Trust (ART) is an Australian
superannuation fund
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. The U.S. Government's Social Security Trust Fund, which oversees $2.57 trillion in assets, is the world's ...
headquartered in
Brisbane
Brisbane ( ; ) is the List of Australian capital cities, capital and largest city of the States and territories of Australia, state of Queensland and the list of cities in Australia by population, third-most populous city in Australia, with a ...
,
Queensland
Queensland ( , commonly abbreviated as Qld) is a States and territories of Australia, state in northeastern Australia, and is the second-largest and third-most populous state in Australia. It is bordered by the Northern Territory, South Austr ...
. It has over A$300 billion in retirement savings under management and
2.4 million members, making it Australia's second-largest superannuation fund.
History
The Australian Retirement Trust was founded on 28 February 2022 following the merger between
Sunsuper
Sunsuper Superannuation Fund (Sunsuper) was an Australian public offer industry superannuation fund based in Brisbane, Queensland, Australia. It was established in 1987 as a multi-industry superannuation fund open to all workers and is prof ...
and
QSuper
QSuper was an Australian superannuation fund based in Brisbane, Queensland. The fund was established in 1912 through an Act of Parliament. The State Public Sector Superannuation Scheme was also known as the QSuper Fund. The board of trustees o ...
.
It was the largest superannuation fund merger in Australian history.
[
On 30 April 2022, the Australia Post Superannuation Scheme (APSS) was merged into the Australian Retirement Trust. In May 2022, Woolworths appointed the Australian Retirement Trust to manage its corporate superannuation services.
On 21 February 2023, the ]Commonwealth Bank
The Commonwealth Bank of Australia (CBA), also known as Commonwealth Bank or simply CommBank, is an Australian multinational bank with businesses across New Zealand, Asia, the United States, and the United Kingdom. It provides a variety of fi ...
Group Super announced it had entered into a memorandum of understanding to pursue a merger with the Australian Retirement Trust. In July 2024, Qantas
Qantas ( ), formally Qantas Airways Limited, is the flag carrier of Australia, and the largest airline by fleet size, international flights, and international destinations in Australia and List of largest airlines in Oceania, Oceania. A foundi ...
announced it would merge its superannuation fund with Australian Retirement Trust.Qantas super fund to merge with Australian Retirement Trust
''Sydney Morning Herald
''The Sydney Morning Herald'' (''SMH'') is a daily tabloid newspaper published in Sydney, Australia, and owned by Nine Entertainment. Founded in 1831 as the ''Sydney Herald'', the ''Herald'' is the oldest continuously published newspaper in ...
'' 17 July 2024
See also
*
Superannuation in Australia
Superannuation in Australia, or "super", is a savings system for workplace pensions in retirement. It involves money earned by an employee being placed into an investment fund to be made legally available to members upon retirement. Employers ma ...
References
{{Reflist
External links
Official website
Superannuation funds in Australia
Australian companies established in 2022
Companies based in Brisbane