UniSuper
| Company type | Non-Profit |
|---|---|
| Industry | Industry superannuation |
| Headquarters | Level 1, 385 Bourke Street, Melbourne, Victoria, Australia |
Key people | Kevin O'Sullivan, CEO Ian Martin, Chairman |
| Products | Superannuation |
| Revenue | A$65 billion (funds under management) |
| Members | 400,000 + |
| Website | unisuper |
UniSuper is an Australian superannuation fund that provides superannuation services to employees of Australia's higher education and research sector. The fund has over 400,000 members and $65 billion in assets (funds under management and total member accounts at 31 December 2017).[1]
UniSuper is a not-for-profit company whose shareholders are 37 Australian universities and is governed by a corporate Trustee, UniSuper Limited. All the universities have representation on the Consultative Committee.
UniSuper has been granted a MySuper authority, enabling it to continue to receive default superannuation contributions from 1 January 2014.
Fund History
UniSuper was founded in October 2000, as a result of a merger between the Superannuation Scheme for Australian Universities (SSAU) and the Tertiary Education Superannuation Scheme (TESS). Prior to the merger, UniSuper had been the trustee for the SSAU.[2]
Fund Governance
UniSuper's day-to-day administration is managed by a wholly owned company, UniSuper Management Pty Ltd (UniSuper Management)
UniSuper's Chief Executive Officer is Kevin O'Sullivan.[3]
Board of Directors
UniSuper’s Board of Directors governs the operations of UniSuper to ensure the Fund is administered in accordance with the Trust Deed, and determines the strategic direction of the Fund. The Board represents, and is accountable to, the members of UniSuper and the Fund’s participating employers.
The directors of UniSuper as of 2017 are:[4]
- Directors representing employers
- Nominated by shareholder universities
- Professor Peter Dawkins (Vice-Chancellor and President, Victoria University)
- Professor Jane den Hollander (Vice Chancellor, Deakin University)
- Nominated by the Consultative Committee employer representatives
- Nicole Gower
- Stephen Somogyi
- Directors representing members
- Nominated by the Consultative Committee member representatives
- Professor Lelia Green
- Keith Tull
- Nominated by national unions
- Grahame McCulloch - National Tertiary Education Union
- Neville Kitchin - Community and Public Sector Union
- Independent Directors
- Ian Martin AM (Chairman)
- Nicolette Rubinsztein
- Mark Amour
Consultative Committee
The Consultative Committee reviews and approves changes to the Trust Deed and is responsible for nominating four directors to the Board of Directors.
Shareholder universities each appoint up to four members to the Consultative Committee. Half the members represent the employers, the other half represents, equally, academic staff and general staff.
As at 24 March 2017, the Consultative Committee had 145 members and there were four vacant positions.[5]
References
- ^ "Who we are - UniSuper". www.unisuper.com.au. Archived from the original on 18 September 2017. Retrieved 8 July 2018.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Fund Profile - UniSuper". www.unisuper.com.au. Archived from the original on 27 March 2018. Retrieved 8 July 2018.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Executive leadership team - UniSuper". www.unisuper.com.au. Archived from the original on 7 March 2017. Retrieved 8 March 2018.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "The Board". UniSuper. Archived from the original on 3 February 2017. Retrieved 12 October 2016.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Committees - UniSuper". www.unisuper.com.au. Archived from the original on 27 March 2018. Retrieved 8 July 2018.
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