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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 Queensland in 2021. [14]
Industry Super Australia (ISA) is peak body for industry super funds in Australia. It has 15 industry super funds as members, [1] which between them hold 5 million accounts. [2] Not every industry super fund is a member of the peak body, but most are, including Australia's largest industry funds such as AustralianSuper, CBUS, HESTA, and ...
AustralianSuper is an Australian superannuation fund headquartered in Melbourne, Victoria.It is an industry super fund, and so operates through a mutual fund structure.. With over A$ 340 billion of retirement savings under management and more than 3.4 million members, AustralianSuper is the largest superannuation fund in Australia and the sixteenth largest pension fund in the world.
Hostplus is an Australian industry superannuation fund. [2] The fourth largest superannuation fund in Australia as of 2023, [3] it is 'giant' with around 1.7 million members (2023) and over $100b funds under management.
Superannuation assets totalled $2.7 trillion at the end of the June 2018 quarter, a new record according to the Association of Superannuation Funds of Australia. [58] There are different types of superannuation funds: Industry Funds are multiemployer funds run by employer associations and/or unions. Unlike Retail/Wholesale funds they are run ...
SYDNEY -- Australia's $1.5 trillion in superannuation assets is now the fourth-largest in the world, according to a new study. It's even bigger than our economy, but sits behind the U.S. with US ...
MTAA Super (Motor Trades Association of Australia Superannuation Fund) is an industry superannuation fund established to serve the motor trades and allied industries. Created in 1989, it has become one of Australia's largest super funds.
ME Bank, also known as ME, is an Australian direct bank based in Melbourne.It became a subsidiary of Bank of Queensland in July 2021.. Founded in 1994 as Super Member Home Loans (SMHL) by Australia's industry superannuation funds, SMHL became Members Equity Bank in 1999, and received a banking licence from the Australian Prudential Regulatory Authority (APRA) in July 2001 and was approved by ...