What is "sunsuper"

Sunsuper is a public offer super fund company based in Brisbane, Queensland, Australia. It was set up in 1987 as a multi-industry superannuation fund to cater for virtually all workers. With over one million members, Sunsuper is the largest superannuation fund by membership in Queensland, and is one of the top ten in Australia. Over 67,000 employers pay money into Sunsuper funds.

As a ‘profit-for-members’ fund, Sunsuper exists solely for the benefit of its members. It does not pay dividends to its shareholders. Sunsuper’s shareholders and sponsors are Chamber of Commerce & Industry Queensland, the Queensland Council of Unions, and the Australian Workers' Union of Employees, Qld.

Sunsuper Pty Ltd is the Trustee of the Sunsuper Superannuation Fund and is managed by a Board of Directors with equal employer/member representation. Three Directors are appointed by Commerce Queensland; two by the Queensland Council of Unions and one by the Australian Workers' Union of Employees, Qld. The Chairman of the Board is appointed for a two-year term and this position is rotated between the employer and the member representative directors. The current Chairman is Graham Heilbronn.

On 14 February 2013, Sunsuper was announced as the first superannuation fund in Australia to be awarded a MySuper authority. The Minister for Financial Services and Superannuation Bill Shorten said he congratulated Sunsuper for being an industry leader.