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Rest Super (formally Retail Employees Superannuation Trust) [3] is an Australian industry superannuation fund established in 1988. It is one of Australia's largest superannuation funds by membership, with around 1.9 million members as at June 2022. Rest currently manages more than $80 billion in funds. [2] [4] [5]
File information Description This is the logo for Rest (superannuation fund). Further details: This is the new logo for Rest Super (Retail Employees Superannuation Trust) which was published in 2024.
However, employees can nominate an alternative investment fund, called a stapled super fund. [11] The Fair Work Commission determines which superannuation funds are suitable to be industry super funds and adopted by employers as default funds. [12] ME Bank was established and owned by 26 industry super funds. [13] It was sold to Bank of ...
Her previous Board appointments include the Retail Employees Superannuation Trust, Tourism NSW, the NSW Major Events Board, the NSW Police Minister's Advisory Board and NSW State Transit Authority. In addition Osmond chaired the bid and official Organising Committee for the largest non-elite sporting event in the world, the International World ...
Retail fund managers have lobbied for legislative changes that reduce a differential treatment between industry funds and retail funds. One reform that has been advocated for is the de-regulation of workplace default funds; such as by removing certain funds from being a default payment option under Australia's award system .
Feasibility studies were carried out between 2006 and 2008, and planning approval was granted in September 2008. In March 2010, Collgar Wind Farm Pty Ltd was sold to UBS International Infrastructure Fund and Retail Employees Superannuation Trust and in June 2019, Retail Employees Superannuation Trust became the sole shareholder.
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The company was established in 1988 when the State Bank of New South Wales created First State Fund Management as a subsidiary. In 1994, Colonial Mutual acquired the State Bank of New South Wales from the NSW Government, and on 23 September 1996 the merged entity was rebranded as Colonial State Bank, with First State Fund Management being branded as "Colonial First State" (CFS).