AustralianSuper is the largest Australian superannuation and pension fund, with approximately one in every ten Australian workers as members.AustralianSuper is an industry superannuation fund run only to profit members. AustralianSuper has a MySuper authority, meaning it can accept default contributions from an employer on behalf of employees who have not nominated a superannuation fund. AustralianSuper is owned by the Australian Council of Trade Unions (ACTU) and employer peak body the Australian Industry Group (Ai Group).
As of 2017, AustralianSuper had more than A$120 billion assets invested around the world, including shares, transport infrastructure, office blocks, and shopping centres; including two-thirds of London's Kings Cross Central development.
As of June 2018, AustralianSuper was managing approximately A$140 billion for 2.2 million members, growing to A$155 billion in May 2019.AustralianSuper also offers a 'Member Direct' option, allowing users greater control in selecting a portfolio of Australian shares, ETF's, term deposits and cash.
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