We’re committed to providing members with peace of mind.
Working with a wide range of stakeholders, we create meaningful value for members and our communities. Our diverse workforce of highly-competent and highly-motivated employees are supported by our Executive Team and Board of Directors.
Meet our Executive Team
Led by Ian Silk, the Executive team ensures that our business strategy is implemented effectively so we can achieve our goal of providing the best possible outcome for members.
'Providing members with the best possible retirement is all that matters.'
Ian Silk was appointed Chief Executive of
AustralianSuper on 1 July 2006 and is responsible for the leadership and
strategic direction of the fund and the provision of advice to the board. Ian is a Director and President of the
Australian Council of Superannuation Investors (ACSI), a Director of Industry
Super Australia and a Director of Basketball Australia. He holds a Bachelor of Economics, a Diploma
of Financial Services (Financial Planning) and a Post-Graduate Diploma in
Labour Relations Law.
Deputy Chief Executive and Chief Investment Officer
'Making sure we deliver strong long term returns to members is our goal.'
Mark is the Deputy Chief Executive and Chief Investments Officer of AustralianSuper, acting as an advisor to the board, developing and implementing investment strategies, and managing the work of AustralianSuper's investment advisers. Mark was the Chief Executive of the Superannuation Trust of Australia (STA) for three years before the merger with ARF to form AustralianSuper. Prior to AustralianSuper, Mark worked for 14 years at National Mutual/AXA, moving his way through the company from Economist to Senior Manager of Investment Services. He previously spent four years working as an economist in the Federal Department of Treasury. He is currently a Director on the IFM Investor Advisory Board. Mark has a Bachelor of Economics (Hons) and holds the Chartered Financial Analyst (CFA) designation. Mark started in the role of Deputy Chief Executive and Chief Investment Officer of AustralianSuper on 1 July 2006.
Group Executive, Corporate Services
'The right checks and balances are the solid foundations for us to build trust.'
Tony is responsible for all legal, compliance risk, financial and accounting matters for AustralianSuper covering statutory lodgements, budgetary and expense control, and policies and procedures. He is also responsible for all external and internal audit matters, and tax lodgement and compliance. He is responsible for relationships with key regulators (e.g. APRA and ASIC) as well as risk and compliance matters. He has responsibility for the fund’s risk framework and approach including the Funds Risk Appetite, Risk Management Plan and Strategy and ongoing maintenance and compliance. He is also responsible for legislated compliance of the fund. Tony has a Bachelor of Economics and is a qualified Chartered Accountant with more than 30 years’ experience in accounting and finance. He has been involved in providing consulting services to superannuation funds for more than 20 years when he held senior positions with PricewaterhouseCoopers and Arthur Andersen. He has previously been a director of a financial services software company and a financial planning licensee. Tony started at AustralianSuper in January 2007 as the General Manager - Finance and Risk. He was appointed to the role of Group Executive Corporate Services on 1 July 2013.
Group Executive, Membership
'We're leveraging our size and scale to deliver a future that really matters to members.'
Rose is responsible for AustralianSuper's Membership group, which manages relationships with businesses and unions and develops the right strategies to effectively attract members today and into the future. Rose is also responsible for ensuring members have access to the most cost effective life insurance possible to help them secure their futures. Rose joined AustralianSuper in 2010 and became the State Manager of Western Australia, managing the merger with Westscheme in 2011. She was then appointed to the position of General Manager Growth in August 2013 before moving to her current role on 5 December 2016. She was previously a National Director at the Finance Sector Union of Australia. Rose holds a Bachelor of Economics (Social Sciences) from the University of Sydney, a Diploma of Financial Planning and is a Graduate of the Australian Institute of Company Directors (Company Directors CourseTM). Rose has also completed an Executive Leadership course at the University of Melbourne.
Group Executive, Member Experience
''We care about our members and employers and we’re here to help and make things easy for them."
In this role, Shawn oversees the provision of super, retirement and insurance services to members and employers with the aim of delivering the highest quality experience through all our channels. In addition to the management of the Fund’s operations function, his team is responsible for the management of AustralianSuper’s customer platforms and project delivery. These platforms help members, employers and advisers to easily access the Fund’s products and services. Prior to this role, Shawn held the position of General Manager of Operations at AustralianSuper. Shawn also has more than 18 years financial services experience with roles in operations, product, administration and sales for companies including BT Financial Group, Perpetual and has worked at the Australian Prudential Regulation Authority. Shawn holds a Bachelor of Economics, and a Graduate Diploma of Applied Finance & Investment. Shawn was appointed a Group Executive on 1 July 2013.
Group Executive, People and Culture
'Our aim is to have an engaged workforce which consistently delivers outstanding results for members.'
Responsible for the oversight of the People and Culture function, Michele and her team are key enablers of the fund’s business strategy. AustralianSuper has grown significantly in size and complexity since its formation in 2006. Over that time, the People & Culture team has evolved to support the increasingly sophisticated people and organisational needs across the fund. Michele joined AustralianSuper on 25 July 2018 from her former position as People and Culture Leader, Pacific at Mercer - a leading financial services organisation employing over 2,000 staff. Michele has been directly involved in and led work in all areas of People and Culture at Mercer, with a focus on employee engagement initiatives, acquisitions, business partnerships and diversity. As a member of the Pacific leadership team at Mercer, as well as an Executive Director on some of Mercer’s boards, Michele has been involved in the development and monitoring of the business strategy of the organisation. Prior to Mercer, Michele was a Principal Consultant at Cullen Egan Dell. Michele holds a Graduate Diploma in Industrial Relations and Human Resource Management from RMIT.
Group Executive, Product Brand & Reputation
'We're focused on meeting member needs and building community confidence.'
Paul is responsible for understanding and meeting member needs, delivering value and building confidence. He leads a team of reputation, product, research, engagement, marketing, public policy and external relations professionals. His team use data and insights to deliver the best possible outcome for members and the businesses and advisers who support them. Paul joined AustralianSuper in 2007 and was Group Executive - Membership from July 2013. He was appointed to this current role on 5 December 2016. Prior to joining AustralianSuper he was the National Secretary of the Finance Sector Union of Australia. He is a Director of SuperFriend – the industry fund Mental Health Foundation. Paul holds a Bachelor of Commerce from the University of Melbourne and was awarded the Shell exhibition prize for Labour economics. He also holds a diploma in Financial Planning.
Group Executive, Technology Services
'A seamless technology service helps our people deliver great outcomes for members.’
Felicia is responsible for the IT strategy and technology platforms that support and facilitate the business strategy of AustralianSuper. Her significant commercial experience is complemented by extensive technology, innovation and leadership skills. Felicia has spent over two decades working across the globe in senior roles with Deloitte, Microsoft, and Accenture, and most recently at ANZ in Melbourne. Felicia's roles at ANZ have included General Manager (Technology Australia), Global Head of Technology (Corporate Commercial Banking), Head of Strategy and Business Optimisation (Corporate Commercial Banking), and Head of Emerging Technology Labs. Her qualifications include a Bachelor of Economics from the Australian National University and post graduate studies at the University of New South Wales, Cranfield School of Management (UK) and MIT (US). Felicia joined AustralianSuper as the Group Executive Technology Services on 23 July 2018.
Meet our Board of Directors
Our Board is responsible for the overall governance and strategic direction of AustralianSuper. It’s their role to ensure that we meet our obligations to members, employers and shareholders – and comply with super legislation.
Chair, Employer Director
Heather Ridout is an Employer Director appointed by the Ai Group. She joined the AustralianSuper Board on 1 July 2007 and was appointed Chair in April 2013. Heather is a company director with a long history as a leading figure in the public policy debate in Australia. She is a Director of Sims Metal Management and ASX Ltd. Other appointments include member of the Boards of: the Australian Chamber Orchestra and the Advance Australia Advisory Board. Heather has been a delegate to the B20, the key business advisory body to the international economic forum which includes business leaders from all G20 economies. Her previous appointments include: board member of the Reserve Bank of Australia, member of the Henry Tax Review panel, board member of Infrastructure Australia, Australian Workforce and Productivity Agency, Climate Change Authority, member of the National Workplace Relations Consultative Committee, and the Prime Minister’s Taskforce on Manufacturing. In 2014, Heather was made an Officer in the general division of the Order of Australia. She holds a Bachelor of Economics (honours) from the University of Sydney and has been awarded an honorary Doctor of Business from Macquarie University and the University of Ballarat.
Deputy Chair, Member Director
Dave Oliver is a Member Director appointed by ACTU Super
Shareholding Pty Ltd. He joined the AustralianSuper Board on 1 July 2007 and
was appointed Deputy Chair in August 2014. Previous roles include Secretary of
the ACTU from 2012-2017, after serving the Australian Manufacturing Workers’
Union (AMWU) for more than 20 years, including holding the position of National
Secretary. Dave established, and is
Chair of the National Entitlement Security Trust (NEST). He has been a director
of Industry Super Australia Pty Ltd, Union Education Foundation Limited and is
a past member of the Defence Industry Innovation Board, the Future
Manufacturing Industry Innovation Council, the National Economic Reform Panel,
the National Resource Sector Employment Taskforce, the National Workplace
Relations Consultative Council and the Resources Sector Skills Taskforce Sub
Julia Angrisano is a Member Director appointed by
ACTU Super Shareholding Pty Ltd as a Director of the Board on 30 August 2017.
Julia had previously been appointed as an Alternate Director in December 2016.
Julia is the National Secretary of the Finance Sector Union, where she has held
various roles for over 15 years, and is a member of the ACTU Executive. Other
directorships that Julia currently holds include FSU Property Trust Pty Ltd,
ACTU Member Connect and is a member of the Industry Reference Committee for
Financial Services. Julia holds a Bachelor of Arts, Political Economy, from the
University of Sydney.
Paul Bastian is a Member Director appointed by ACTU Super Shareholding Pty Ltd. He joined the AustralianSuper Board on 5 April 2013. Paul was elected to the position of National Secretary of the Australian Manufacturing Workers’ Union (AMWU) in 2012, having previously held the position of National President since 2009. From 1997 to 2009 Paul was State Secretary of the AMWU NSW Branch. Paul is a shipwright by trade and holds a Bachelor of Law (Honours) from the University of Technology, Sydney.
Gabrielle Coyne is an Employer Director appointed by the Ai Group as a
Director of the Board on 30 August 2017. Gabrielle was most recently the Chief
Executive of Penguin Random House Asia Pacific. Other directorships that
Gabrielle currently holds include Cool Australia and the Aēsop Foundation and
consults in the Policy and Impact team at RMIT University. Previous
directorships include the Wheeler Centre, Pearson Education Australia,
Australian Industry Group Graduate Employment Service, Australian Publishers
Association, Melbourne Writers Festival and the Australian Book Review.
Gabrielle holds a Bachelor of Arts in Public Relations from RMIT University,
Melbourne; and has completed a Trustee Director Course with AIST.
Jim Craig was jointly appointed by ACTU Super
Shareholding Pty Ltd and the Ai Group as Independent Director of the Board, and
Chair of the Investment Committee, on 2 March 2017. Jim has been a member of
the Investment Committee since 15 June 2016. Previously, Jim has held a number
of senior roles within Macquarie Group Limited in the resources, infrastructure
and fund management areas, including leading Macquarie’s businesses in Europe
from 2003–2008. He was Chairman of Macquarie Capital (Melbourne) from
2008-2014. Since retiring from Macquarie, Jim has taken up a number of
directorships including Australian United Investment Company Limited, Cellcare
Australia Pty Ltd and River Capital Pty. Jim holds a Bachelor of Economics and
a Bachelor of Laws (Honours) from Adelaide University and a Master of Laws from
the University of Melbourne.
Brian Daley is a Member Director appointed by ACTU Super Shareholding Pty Ltd. He joined AustralianSuper’s Board on 1 July 2006 and was previously a Director of one of AustralianSuper’s predecessor funds, the Australian Retirement Fund (ARF), from 1991-2006. Brian has served as an Official for United Voice from 1985-2015 including in capacities of the Union’s Victorian Secretary, National President and National Officer (Superannuation). United Voice is a long-term supporter of AustralianSuper and many of its members, including in industries like the cleaning and security, are members of AustralianSuper. Brian has been actively involved in industry superannuation since the recognition of superannuation as an industrial issue in the 1980’s. Brian is a Director of ISPT and is on the Industry Superannuation Australia Advisory Council. His industry involvement has included service as a former Director of Host Plus (1990-2015), IFS (1996-2006), AIST and ASFA. Brian holds a Bachelor of Mathematics from the University of Newcastle.
Lucio Di Bartolomeo
Lucio Di Bartolomeo is an Employer Director appointed
by the Ai Group. He joined the AustralianSuper Board on 31 March 2008. Lucio is currently Chair of Australian Naval Infrastructure
Pty Ltd, Chair of Northwest Rapid Transit, Chair of Health Infrastructure NSW
and is a director of Frontier Advisors and the Moorebank Intermodal
Company. His previous experience includes Chair of Macquarie Generation,
Managing Director of ADI Limited and Country Director of Thales Australia.
Lucio has held several senior positions within the transport industry including
Managing Director of FreightCorp and President of the Australasian Railway
Association. Lucio is a qualified civil engineer and has a Master's degree in
Engineering Science from the University of NSW.
Dr Don Russell
Dr Don Russell was jointly appointed by ACTU Super
Shareholding Pty Ltd and the Ai Group as an Independent Director of the Board
on 2 May 2019. Since June
2018 Dr Russell has been a director of the Centre for Policy Development.
Previous directorships include with CSIRO and Chair of State Super. Until 2018
Dr Russell was the Chief Executive of the South Australian Department of the
Premier and Cabinet. Prior to that he was the Chief Executive of the Department
of State Development, a role he commenced in 2014. Previous roles include
Secretary of the Federal Department of Industry, Innovation, Climate Change,
Science, Research and Tertiary Education; senior roles at BNY Mellon Asset
Management Australia and Sanford C Bernstein, as well as a consultant to the
World Bank, Bankers Trust, Westpac and as a Counsellor in the Australian
delegation to the OECD in Paris. Between 1993 and 1995 Don served as
Australia's Ambassador to the USA in Washington and between 1985 and 1993, and
again in 1996, he was Principal Adviser to the Hon Paul Keating both during his
time as Treasurer and Prime Minister. Don has a PhD from the London School of
Economics, a MEc from ANU and a BEc (Hons) (First) from Flinders University as
well as the Charted Financial Analyst designation.
Daniel Walton is a Member Director appointed by ACTU
Super Shareholding Pty Ltd as a Director of the Board on 15 December 2016.
Daniel was elected to the position of National Secretary of the Australian
Workers’ Union (AWU) in November 2016, having previously held the positions of
Assistant National Secretary, National Vice President and the National
Campaigns and Organising Coordinator. The AWU is Australia’s oldest and largest
blue-collar trade union representing over 85,000 working men and women and
their families. He is currently a director of Chifley Financial Services and
The McKell Institute. Daniel is currently studying for an MBA at the AGSM, UNSW
Grahame Willis is an Employer Director appointed by the Ai Group. He joined the AustralianSuper Board on 1 July 2006 and was previously an Employer Director of STA from 1988 and ARF from 2002. Grahame has extensive experience in general management, financial management, legal issues and superannuation. He was the Executive Director of Finance, Administration and Superannuation at Ai Group with whom he was employed for 42 years. In 1997 Grahame received the Trustee of the Year Award at the Conference of Major Superannuation Funds (CMSF) and is a foundation Fellow of the Australian Institute of Superannuation Trustees. Grahame holds a bachelor of Commerce degree from Melbourne University and has completed a PS146 for the Superannuation Industry course.
Innes Willox is an Employer Director appointed by the Ai Group
as a Director of the Board on 9 December 2014.
Innes is Chief Executive of the Ai Group, a leading industry
organisation, representing businesses in a broad range of sectors including
manufacturing, construction and transport. Innes was appointed Chief Executive
in May 2012. His current board appointments include - Director of Australian
Super, Director of the Innovative Manufacturing Co-operative Research Centre,
Chair of the Migration Council of Australia, Chair of the Ministerial Advisory
Committee on Skilled Migration and Chair of the RMIT College of Business
Industry Advisory Board. Innes served as the Australian Consul General to Los
Angeles from 2006 to 2008. He was Chief of Staff to the Australian Minister for
Foreign Affairs, Alexander Downer, from 2004 to 2006. Earlier, Innes held a
number of private sector and government positions including Manager of Global
Public Affairs for Singapore Airlines based in Singapore (2000-04). Innes began
his working career as a journalist. His positions included Chief of Staff at
The Age newspaper in Melbourne and Chief Political Correspondent for The Age in
the Canberra Parliamentary Press Gallery. Innes was educated at Melbourne High
School; Monash University (BA History and Politics); and Edinburgh Business
Nixon Apple was appointed by ACTU Super Shareholding
Pty Ltd as Alternate Director to Paul Bastian on 27 August 2013 and has been a
Member of the Investment Committee since 1 July 2006. Nixon has served on the
AustralianSuper Board as a Director and Alternate Director since 1 July 2006.
Prior to that he served on the Board of STA and its Investment Committee from
1998. He brings a wealth of experience to the Investment Committee having
worked as a Director at the Australian Trade Commission and the National
Institute of Economic and Industry Research, along with a depth of experience
with the ACTU including roles as the Industry and Investment Policy Adviser and
as a research officer. Nixon is a strong advocate of industry superannuation
funds. He has also been published widely on economic and industry development
issues. Nixon holds a Bachelor of Arts degree (with Honours) and a Masters in
Arts both from Carleton University Ottawa Ontario Canada.
Dr Peter Burn
Peter Burn was appointed by the Ai Group as Alternate Director
for Innes Willox on 23 February 2015 and has been a member of AustralianSuper's
Investment Committee since 29 May 2009. Peter
is Director – Public Policy at the Ai Group. His responsibilities range across
Ai Group’s public policy interests including environment and climate policy;
taxation; innovation; infrastructure; industry policy and business regulation.
Prior to joining Ai Group Peter was a Policy Director at the Business Council
of Australia. He has also held a number of academic posts after beginning his
professional career in the Commonwealth Treasury. Peter has a Bachelor of
Economics from the University of New England and completed a PhD in Economics
at the University of New South Wales.
Brad Crofts was appointed by ACTU Super Shareholding Pty Ltd as
an Alternate Director for Daniel Walton on 26 August 2014. He is a member of AustralianSuper's
Investment Committee and Audit, Compliance and Risk Management Committee. He
served as AWU’s nominee to the board of Prime Super between 2010 and 2013 as
both deputy chairman and chair of its Investment Committee. Prior to this Brad
spent many years as a policy maker with both the Victorian and Commonwealth
Governments and as economist with the AWU. Brad completed a first class honours
degree in economics at the University of Queensland. Brad has an established
consultancy practice. In 2015 Brad became a Graduate Member of the Australian
Institute of Company Directors.
Anne Flanagan was appointed by the Ai Group as an Alternate Director for Lucio Di Bartolomeo on 26 October 2015. She is a member of the Audit Compliance & Risk Management Committee. Anne is a Chartered Accountant with over 20 years’ experience in accounting and financial and general management both in the UK with KPMG and Price Waterhouse, and in Australia with ANZ Banking Group and RACV. Previously Anne was a Superpartners Director and Chair of the Audit, Risk and Compliance Committee from 2006 to 2010. She was the Chief Financial Officer of RACV from 2001 to 2019 and a Trustee Director of the RACV Superannuation Fund from 2006 to 2009. Anne is a member of the National Executive of the GlOO, the peak body for CFO's. She holds a Bachelor of Science from the London School of Economics.
Sheena was appointed by the Ai Group
as Alternate Director for Gabrielle Coyne and member of the Audit, Compliance
& Risk Management Committee on 25 January 2018. Sheena is a chartered
accountant and chartered tax advisor with almost 30 years’ experience in the
financial services industry with a particular focus on the superannuation and
funds management sectors. Her expertise includes financial governance and risk
management and an understanding of superannuation member engagement and
international investment. She was previously a senior partner of KPMG Australia
until 2014 and a Director of MannaCare Inc until April 2019. Sheena holds a
Bachelor of Accountancy and a Higher Diploma in Tax Law, both from the
University of the Witwatersrand. Sheena is a graduate of the Australian
Institute of Superannuation Trustees and holds an RG146 for the Superannuation
Robert (Bob) Lewtas
Bob Lewtas was appointed by ACTU Super Shareholding Pty Ltd as
Alternate Director for Brian Daley on 15 December 2016 and is a member of the
Budget Review Committee. Bob is the former Finance and Administration Manager
of United Voice in Western Australia, having held this role from 2005 to 2018.
Bob’s former directorships on superannuation fund boards include HESTA from
February to December 2015 and GESB from 2006 to 2015. Other former
directorships include the South Coast Business Development Organisation and
Rockingham Community Bank – a Bendigo Bank franchise. Previous memberships
include the Polytechnic West Governing Council and Rockingham & South Coast
Regional Chambers of Commerce. Bob has completed an AICD directors’ course.
Michele O’Neil was appointed by ACTU Super Shareholding Pty Ltd as Alternate Director for Dave Oliver on 27 August 2013. Michele was appointed President of the ACTU in July 2018 and is a member of the ACTU Executive. Other current roles include Executive Member of the Global Union Federation IndustriALL and is Co-chair of the Asia Pacific Region and the Global Women's Committee. She is Director of Manufacturing Skills Australia, and Secretary and committee member of the national joint Union/Industry body, Ethical Clothing Australia. Michele was formerly the CFMEU Vice President and TCF National Secretary of the CFMEU Manufacturing Division. She had also been appointed by Government to represent the industry and Union on a variety of Government bodies including the National TCF Innovation Council and the Victorian Industry Manufacturing Council which advise Government on manufacturing policy.
Carmen Pace was appointed by ACTU Super Shareholding
Pty Ltd as Alternate Director for Julia Angrisano on 30 August 2017. Carmen is
currently the Operations Director at the Australian Council of Trade Unions.
She is currently a Councillor on the Eastern Metropolitan Regional Council
Adult & Community Further Education Advisory Board. Previous board positions
include Melbourne Organisation for Business and Enterprise. Carmen holds a
Masters of Business Administration from Swinburne University.
George Stamas was appointed by the Ai Group as Alternate
Director for Grahame Willis on 11 February 2012. He has over 40 years’ experience in corporate
governance, corporate social responsibility, financial management, large scale
business development and expansion. He has held senior corporate roles with Mayne
Nickless, Electrolux & Tempo services. He is a Fellow of the Australian
Institute of Management, Board Director of Facility Management Association of
Australia, National President of Building Service Contractors Association of
Australia and Member of the Australian Institute of Company Directors. Since
1987 George has held the position of Managing Director at GJK Facility Services
and Director of GJK Indigenous Solutions. He is also a member of numerous
community and charitable organisations. George holds a Diploma of Marketing
from the Australian Institute of Management.
Russell Maddox has been a member of AustralianSuper’s Investment Committee since 15 July 2014. Russell is an experienced investor who has experience across a range of asset classes. Russell was the Chief Investment Officer at Merrill Lynch/BlackRock Investment Management (Australia) Ltd from 2004 to 2012 responsible for managing multi-asset portfolios within BlackRock. He joined BlackRock in 2000 as the Head of Australian Fixed Income and moved to London in 2001 to head up the Global Fixed Income team for Merrill Lynch. Prior to this Russell worked at Macquarie Investment Management in various investment roles and Credit Suisse First Boston as the Head of Fixed Interest Research. He also worked as an economist for various banking institutions before moving into investment related roles with fund managers. Russell began his career with the Australian Commonwealth Treasury in Canberra after obtaining an Honours Degree in Economics from Monash University.
Mike Nicolaides was appointed as a member of the Member and
Employer Services Committee on 25 August 2008. Previously he was an alternate
Member Director of the AustralianSuper Board and a Director on the STA Board.
Mike is currently an Assistant National Secretary of the Australian
Manufacturing Workers’ Union (AMWU), where he represents white and blue-collar
members employed within Australian engineering and science. Mike is a Bachelor
of Economics, a Master of Environmental Science and a Master of Workplace and
Stephanie Weston was appointed as a member of the Investment Committee on 19 May 2015. Stephanie has wide ranging experience in the Australian financial market, with a career spanning central banking, investment consulting and the financial services sector. Stephanie has held senior roles at AMP Financial Services and Mercer. A large part of her early career was spent at the Reserve Bank of Australia, where, among other roles, she was the Deputy Chief Representative of the Bank’s European Office managing the foreign currency reserves portfolio. Stephanie holds a Bachelor of Economics (Honours) and a Graduate Diploma in Accounting.
Careers at AustralianSuper
Join a talented and dedicated team as our organisation continues to grow.
Our story began more than 30 years ago, with the creation of universal superannuation for all Australians. Since then, we’ve grown into Australia’s largest industry super fund – an advantage we use on behalf of our members every day.
The AustralianSuper Board operates within an appropriate governance framework that is well maintained.
Nomination, appointment and removal of Directors
Our Board is made up of equal numbers of Directors representing members and employers. Independent Directors may also be appointed. Our Member and Employer Directors are appointed by the Trustee’s shareholders. The shareholders are the Australian Council of Trade Unions (ACTU) (through ACTU Super Shareholding Pty Ltd) and the Australian Industry Group (Ai Group). The ACTU is Australia’s peak union body and the Ai Group is Australia’s peak employer association. All appointments are subject to board ratification. Directors are appointed for a term of no more than three years, but can be reappointed at the end of the three-year term.
A number of Alternate Directors are also appointed. The Alternate Directors can represent a Director who can’t attend a Board meeting and they may also be a member of Board Committees. Each Director must meet the propriety and fitness standards outlined in the Fit and Proper Policy before their appointment is finalised and on an ongoing basis.
Directors can be removed if they no longer satisfy
legislative or other requirements. This may occur if the director is convicted
of a dishonesty offence, is insolvent or disqualified under applicable
More information on
the rules of appointment and removal of Directors can be found in the
Governing rules/Trust Deed
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. You can read more about our governing rules in the AustralianSuper Trust Deed.
Audit, compliance and risk management committee
Chair: Grahame Willis
Members: Paul Bastian, Brad Crofts, Anne Flanagan, Sheena Kay
Chair: Jim Craig
Members: Nixon Apple, Peter Burn, Brad Crofts, Brian Daley, Russell Maddox, Heather Ridout, Stephanie Weston
Member and employer services committee
Chair: Brian Daley
Members: Lucio Di Bartolomeo, Mike Nicolaides, Michele O'Neil, Gabrielle Coyne George Stamas
People and culture committee
Chair: Innes Willox
Members: Brian Daley, Dave Oliver, Heather Ridout Budget review committee
Chair: Dave Oliver
Members: Bob Lewtas, Grahame Willis, Innes Willox
Policies and disclosures
The following policies and disclosures assist in managing our governance responsibilities.
Code of Conduct summary
AustralianSuper has a Code of Conduct for Employees
and a Code of Conduct for Directors which articulate the standards of behaviour
expected of staff and Directors. Employees and Directors of
AustralianSuper are expected to carry out their duties and responsibilities
professionally and ethically. Our Code of Conduct Summary provides a
brief overview of the standards of conduct expected from our employees and
Directors including but not limited to those on:
confidential, restricted and proprietary information
conflicts of interest
health and safety
discrimination, harassment and bullying
Conflicts of interests management
AustralianSuper’s Conflicts Management Policy addresses the
identification, disclosure, recording and management of conflicts. Conflicts of interest (actual, potential or
perceived) may arise where our employees, Directors or Responsible Persons hold
interests in or owe duties to other entities in addition to those owed to the
Trustee, AustralianSuper and its members. Our Conflicts Management Policy sets out how
we manage conflicts of interests, ensuring that we act in the best interests of
our members and beneficiaries. As part
of our conflicts management processes, we also maintain a Relevant Interests
and Relevant Duties register and a Gifts &
Entertainment register. Read a summary of our Conflicts Management policy.
Remuneration policy and disclosures
As an industry superannuation fund, AustralianSuper is run only to benefit members. Our remuneration practices reflect our members-first core value and the need to resource the fund to provide quality benefits and services to members. You can read a summary of our remuneration policy and disclosures in our Annual Report.
Board diversity policy
Trustee of AustralianSuper has approved a Board Diversity Policy which sets out
how it will achieve an appropriately diverse Board, including the establishment
of measurable objectives for achieving gender diversity. This Policy is consistent with the AustralianSuper
5 Year Diversity and Inclusion Strategy for staff which seeks to support the
2020 vision of having ‘an engaged workforce which consistently delivers high
AustralianSuper recognises the benefits of having a diverse
Board. A diverse Board membership will include and make good use of differences
in the skills, experience, background and other characteristics of Directors and
thereby facilitate the consideration of a broader range of opinions in
decision-making and enhancing Board performance.
Board is conscious of the need to increase the number of female Directors on
the Board and has targeted this as its current diversity focus at Board level. The Board will use its best endeavours to comprise
at least 40% of each gender on the Board by 2020.
Details of gender balance at Board, Executive and
Management level at AustralianSuper are provided in the Annual Report to members. Reporting made by AustralianSuper to the
Workplace Gender Equality Agency under the Workplace Gender Equality Act 2012
is also available here.
Board evaluation policy
The Trustee of AustralianSuper recognises that Board
evaluation is an important governance tool which fosters discussion on whether
the Board is meeting its objectives, is performing well overall and is
continuing to successfully deliver on its primary objective of maximising members’
Our Board Evaluation Policy requires the Board to formally
consider whether it is meeting the objectives that it has set for itself collectively. Part of this process includes consideration
of the Board’s overall skills and culture.
The evaluation process also includes an assessment of how individual Directors
have performed each year. An internal evaluation
process is undertaken annually under the leadership of the Board Chair and an
external independent review is undertaken every third year (at a minimum). The process for assessing the performance of
the Board and Directors may include face to face meetings between Directors and
the Chair (and the external consultant where an independent review is
undertaken), the completion and evaluation of self-assessment questionnaires,
group discussions and meetings with the Chairs of each Committee and the Chair
of the Board (or a combination of these processes).
Board evaluation at AustralianSuper gives all Directors the
opportunity for constructive feedback which assists the Board as a whole and Directors
individually to improve their ability to contribute to the work of the Board. The Board discusses the outcomes of each performance
review and uses this information as the basis for considering how it can add
further value to the performance of the Board. The Board evaluation process also
allows the Board to identify opportunities to address knowledge gaps in broad
and specific areas and to identify skill and experience requirements it may
need in the future.
Board evaluations for the reporting period ending 30 June 2018 have been completed. Performance evaluations for senior management for 2018 have also been completed..
For our related party disclosures refer to our Financial Statements under the "Reports" tab above.
Continuing Professional Development (CPD) Standard
This CPD Standard sets out AustralianSuper’s overall approach to meeting CPD obligations and the CPD obligations of relevant representatives for whom we are the responsible licensee. The purpose of the CPD Standard is to maintain professional knowledge and skills of relevant representatives in the provision of personal financial advice.
The Ethics Centre
In 2016, The Ethics Centre conducted a review of our culture. The primary objective was testing whether our policies, procedures and day-to-day practices align with our purpose, values and principles.
Pleasingly, the review found a positive and constructive culture, aligned to our purpose, values and principles. They also found our overarching principle - ‘members first’ - is well understood, powerful and practical in guiding our organisation.
Male Champions of Change
We’re working to embed Male Champions of Change insights into our culture, with practical actions to identify and eliminate everyday sexism and create a better workplace for all.
Some examples of these actions include:
Asking people to listen to and respect women’s voices in meetings
Expecting that men and women equally share in cleaning work areas, taking notes in meetings, getting coffee
Normalising flexible working to enable men to share in parenting
Removing assumptions and judgements about how women and men value or prioritise their career and family
The Male Champions of Change (MCC) initiative, established in 2010, brings together groups of male leaders to achieve change on gender equality issues in their organisations and communities.
To us, membership means more than an annual statement. We’re here to help you get the most from your money — today and tomorrow. We’re committed to giving you the peace of mind you need to enjoy life today, knowing your savings are being managed by a super fund that delivers.
We’re also committed to keeping members up to date, sharing our knowledge and connecting with the wider community. We communicate through a variety of communication channels, offering annual member briefings across the country and education seminars.
AustralianSuper seeks to advocate sustainable and equitable public policy in superannuation and financial services. To this end we engage in advocacy liaison and write public submissions to Government and Regulators such as APRA, ASIC and the ATO. We also work in industry associations such as Industry Super Australia, Australian Institute of Superannuation Trustees, Association of Superannuation Funds of Australia, and on occasion the Financial Services Council and the SMSF Association.
From time to time, we run TV ads to communicate with members and the public. It’s a cost effective way for us to communicate with hundreds of thousands of people at the same time. Advertising helps us to inform people about our product and service offerings, retain our current members and attract new ones. When we attract new members, we grow. This allows us to keep our fees as low as possible. Low fees mean less money coming out of our members’ accounts and more money accumulating for their retirement. We think it’s a win-win situation!
When you join AustralianSuper, you’re not just a member – you’re a part owner in more than $142 billion worth of investments all around the world. Watch our latest TV ad or check out our YouTube channel.
Each year we set aside a modest budget for sponsorship opportunities that resonate with our values and objectives. We’ve already allocated our sponsorship spend for this year. Check out some of the things we’re involved in.
Financial Literacy Australia Awards
The Financial Literacy Australia (FLA) Awards celebrate the outstanding achievements of organisations and individuals working to improve Australia’s financial literacy. FLA’s focus is on encouraging people to change their behaviour to achieve a better outcome. It’s a theme that’s close our hearts! We’re a category sponsor of the FLA awards.
Big super day out
Super is a hot topic in the Aboriginal and Torres Strait Islander community. Financial literacy is a major cause of social exclusion for Aboriginal and Torres Strait Islanders and it’s estimated that one in four members of the community are either fully or severely financially excluded. The Big Super Day Out, held in Sydney and Melbourne each year, is a fun day of entertainment, free BBQ, activities, giveaways and an opportunity to help the Aboriginal and Torres Strait Islander community to sort out their super by providing support and advice. Not only do our staff volunteer at the events but we’re the official sponsor of the onsite café as well.
Women in super
Australian women are still earning less than men — and the difference adds up. On average, Australian women retire with half the amount of savings that men do. Women in Super (WIS) is a not for profit national organisation founded by women working in the all-profit-to-members super sector. We’re a proud partner of WIS, who shares our commitment to improving retirement outcomes for women. WIS works towards this goal through research projects and advocacy campaigns.
Foundation for Young Australians
The Foundation for Young Australians (FYA) is an organisation that works with young people across Australia to help them unlock their potential. The FYA team believe that young people aren’t a problem to be helped or solved, but rather a generation with a social conscience, who are also ambitious, creative and capable of rethinking the world and solving tomorrow’s problems today. We’re pleased to support the FYA in the work they’re doing to build a better tomorrow for young Australians.
Reconciliation and AustralianSuper(1)
As Australia’s largest Industry super fund, we acknowledge our role in supporting an inclusive and diverse nation, where the cultural backgrounds of all peoples are recognised and respected.
We understand that financial literacy is a major cause of social exclusion for Aboriginal and Torres Strait Islander Australians, and are committed to making a difference in this space.
AustralianSuper’s Reflect Reconciliation Action Plan (RAP) was our first step in the journey towards building a tomorrow we can all be proud of.
The report below provides an overview of the initiatives that have been introduced as part of our Reflect RAP, to support our ATSI members and build relationships with the ATSI business community and service providers.
We look forward to embarking on the next phase of our Reconciliation journey with the introduction of the Innovate RAP in 2019.
For media enquiries please contact:
Stephen McMahon, Head of External Relations
Ph: 03 8648 3828 | Mobile: 0407 507 415
For all other enquiries, contact us via email.
Our latest media releases
Another great year of returns for AustralianSuper members
- pdf, 270KB
To investigate the mounting evidence surrounding the gender gap in superannuation, AustralianSuper has commissioned research by Monash University, resulting in a report entitled, ‘The Future Face of Poverty is Female: The stories behind women’s superannuation poverty in retirement’.