[1][2] AustralianSuper was established on 1 July 2006 through the merger of Australian Retirement Fund (ARF) and Superannuation Trust of Australia (STA).
[5] Also in September, The Australian securities regulator issued a lawsuit against AustralianSuper, claiming the fund failed to uphold appropriate policies for identifying members who had multiple accounts.
This deal would have led to "a big transition, shutting down coal, getting rid of gas, (and) building up 14 gigawatts of wind and storage" which was more than the Commonwealth's renewable energy target.
[9] AustralianSuper offers a 'Member Direct' option, allowing users greater control in selecting a portfolio of Australian shares, ETF's, term deposits and cash.
AustralianSuper's asset portfolio is invested globally, and includes shares, transport infrastructure, office blocks, and shopping centres.