Board policies and disclosures

The AustralianSuper Board has endorsed the following policies and disclosures in relation to Fund Governance.

• Governance policy
• Sustainability report
• Code of conduct
• Conflicts of interest
• Remuneration policy
• Remuneration disclosures
• Related party disclosures

Governance policy

AustralianSuper seeks to maintain the highest standards of fund governance and control.  Good governance requires strong control mechanisms that encourage good decision-making, accurate and timely execution of decisions, clear and effective accountability, regular review and assessment of governance policies and procedures and transparency.

Download the Governance Policy which outlines AustralianSuper’s current processes and structures that are in place to ensure a high level of trustee oversight.

Sustainability report

Sustainability for AustralianSuper means aligning our sole purpose of providing the best possible retirement outcomes for members with meeting the economic, social and environmental responsibilities of our operation.We have prepared a report that outlines AustralianSuper's position on these matters. The Sustainability Report aims to provide members, employers, employees and other stakeholders with straightforward information about the many considerations which shape our investment decisions, member relations and relationship with employees.

Download the report now.

AustralianSuper has developed a Code of Conduct policy that covers decision-making by the Board, compliance with the Governing Rules and all legal requirements and sets out standards of behaviour that are expected from all Directors, Alternate Directors and Committee Members and trustee staff including:

• responsibility to members of the Fund
• integrity and fair dealing
• confidentiality and privacy
• conflicts of interest
• gifts and entertainment
• equal opportunity
• legal compliance.

Conflicts of Interest

AustralianSuper’s Conflicts of Interest Policy sets out a framework to identify, assess and manage any actual or potential conflicts that Directors, Alternate Directors and Committee Members and trustee staff may have. It contains specific potential conflict examples and suggestions on how these are to be managed.

Directors are required to be well informed about the management of the Fund’s investments, administration and compliance responsibilities, to avoid conflicts of interests and to comply with the AustralianSuper confidentiality policy.

As an industry superannuation fund, AustralianSuper is run only to benefit members. The Fund’s remuneration practices reflects its core value of Members First and the need to resource the Fund in order to provide quality benefits and services to members. 
Download a summary of AustralianSuper’s remuneration policy which outlines its policy and practices on remunerating staff which reflect the members-first orientation of the Fund.

Remuneration disclosures

For the Financial Year Ending 30 June 2011 download a copy of AustralianSuper’s Financial Statements and Remuneration disclosures. 

Related Party disclosures

For the Financial Year Ending 30 June 2011 download a copy of AustralianSuper’s Related Party disclosures.