Structure and background

Structure

The State Public Sector Superannuation Scheme is commonly known as QSuper. The QSuper Board of Trustees is responsible for the management of QSuper.

QSuper is a leading fund within the Australian superannuation industry, and the Board is committed to helping Queensland public sector employees and their dependants achieve their retirement goals by providing quality products and services.

The Commonwealth Government has classified QSuper as an exempt public sector scheme under the Superannuation Industry (Supervision) Act 1993 (pdf). While technically exempt from this legislation, QSuper – as the Queensland Government's superannuation fund – complies with the Commonwealth Government's retirement incomes policy through a Heads of Government Agreement.

QSuper Limited is a wholly owned subsidiary of QSuper and provides administrative services to QSuper. Members of the Board of QSuper are also Directors of QSuper Limited, thereby retaining control of the services provided to QSuper members, and ensuring an ongoing commitment to providing a contribution to the quality of each member's life through low fees, real service, better knowledge, and solid returns.

Background

The QSuper Board and management are committed to high standards of corporate governance. The governance of QSuper is driven by the Board's desire to act in good faith, with foresight, and in the best interests of members and their dependants as a profit for members superannuation fund.

The QSuper Board has confirmed its commitment to members and their dependants through the identification of goals it aims to achieve through its organisational performance and the delivery of its products and services. These goals guide the development of programs of strategic change, which are realised through the operation of the fund.