Governance and reporting

As you'd expect, we take managing your super very seriously

We’re open and transparent about how we operate, with rigorous standards, policies and procedures to make sure everything is managed according to the law.  CareSuper is a public offer super fund established by a Trust Deed which sets out the structure of the fund, rules of its operation, and the powers and duties of CareSuper.

CareSuper is a resident regulated super fund under the Superannuation Industry (Supervision) Act 1993. Our activities are regulated by the Australian Prudential Regulation Authority (APRA), Australian Securities and Investment Commission (ASIC), Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Tax Office (ATO).

How we operate

Our Trustee

The trustee of CareSuper (ABN 74 559 365 913) is CareSuper Pty Ltd (ABN 14 008 650 628, AFSL 238 718).

The rules about the internal management of the trustee (including for example, how directors are appointed) are set out in the Trustee Constitution.

License Information

The trustee of CareSuper (ABN 74 559 365 913) is CareSuper Pty Ltd (ABN 14 008 650 628, AFSL 238718).

CareSuper is registered by APRA as a registrable superannuation entity (R1004373).

The trustee also holds an Australian Financial Services Licence (AFSL 238718) issued by ASIC on 31 January 2004. The licence authorises the trustee to provide a super trustee service and to deal in and provide financial advice about super products.

Managing conflicts of interest

The Conflicts management framework enables the trustee of CareSuper to appropriately manage relevant conflicts of interest and duties that may arise.
The Conflicts management framework operates to protect the integrity and quality of decision-making by responsible persons associated with CareSuper, by ensuring they’re not compromised by actual or potential conflicts. responsible persons include all Directors, the CEO, members of the Executive Team and the external auditor.

A relevant interest or duty is one that might reasonably be considered to have the potential to have a significant impact on the capacity of the holder to act in a manner that's consistent with the best interests of CareSupers beneficiaries.

The Conflicts management framework requires that all responsible persons disclose any potential or actual conflicts of interests or duties. All responsible persons have an obligation under the Conflicts management framework to notify the trustee of potential conflicts as they arise and annually. Any disclosures made are assessed by the Conflicts Officer and if necessary, appropriate conflict management measures are put in place – this will normally involve disclosure, control or avoidance of the relevant conflict. The trustee Board must also evaluate and approve the effectiveness of the conflict management processes under the Conflicts management framework. The conflicts management process is required to be monitored and is subject to review (internally and independently).

Consistent with increased transparency requirements, the Conflicts Officer is also required to record all relevant conflicts in the relevant register.
View the Register of Relevant Interests and Duties.

Annual trustee determination and member outcomes assessment

Each year the trustee is required to determine whether the financial interests of members are being promoted by the trustee having regard to a comparison with other similar products and specified benchmarks and factors. The annual determination, and a summary of the assessments and comparisons on which the determination is based is available here.

Insurance in Superannuation Voluntary Code of Practice

CareSuper previously stated its intent to adopt the Insurance in Superannuation Voluntary Code of Practice (the Code). The Code was scheduled to come into effect on 1 January 2022.Since the development of the Code, the majority of the requirements have been overtaken by legislative and regulatory reforms. In addition, many of the elements of the Code have already been implemented by CareSuper to improve member benefits and experience.

The Code Owners announced on 30 June 2021 that the Code has been replaced with guidance on issues not covered by legislation. This guidance aims to improve outcomes for vulnerable members and claims handling for members with insurance in their super accounts.

The guidance has been developed by the Code Owners and CareSuper will consider it in our interactions with members.

Note: The Code Owners are The Association of Superannuation Funds of Australia (ASFA), the Australian Institute of Superannuation Trustees (AIST) and the Financial Services Council (FSC).


How our Board members are appointed

There are rules about how our Board members are nominated, appointed and removed. The process varies depending on the type of Director role on the Board.

Find out how the process works for board appointments.

Remuneration of our Directors and Executive Officers

Our remuneration structure is designed to attract and retain the experts we need to get the best outcomes for our members.

View the most recent remuneration information for our Directors and Executive Officers: Spirit Super audited financial report 2023-24 

Board Committees

The trustee Board has established committees to oversee certain business areas within Spirit Super. These committees are made up of Board members and regularly report to the Board.

Committee Members
Governance, Remuneration and Culture Committee

Jeremy Johnson (Chair)

Linda Scott

Tom Lynch

Rebecca Girard

Risk and Compliance Committee

 

Nola Watson (Chair)

Jeremy Johnson

Andrew Dettmer

Jessica Munday

Maria Wilton

Michael Drew

Finance and Audit Committee

Andrew Dettmer

John Mazengarb

Nola Watson

Tom Lynch

Investment Committee

Michael Drew (Chair)

Geoffrey Lowe

Maria Wilton

Peter Savige

Rebecca Girard

Anthony Cavanagh

Technology Committee

Anthony Cavanagh (Chair)

Geoffrey Lowe

John Mazengarb

Maria Wilton

Member, Employer Services, Retirement, Insurance Committee

Jessica Munday (Chair)

Geoffrey Lowe

Peter Savige

Tom Lynch

Rebecca Girard

Benefit Payment Claims Sub-Committee

Geoffrey Lowe

Jessica Munday

Peter Savige

Tom Lynch

Rebecca Girard

Governance, Remuneration and Culture Committee

Jessica Munday

Nola Watson

Tom Lynch

Board meeting and committee attendance

Historical Board meeting attendance

Significant event notices 

Notice of date Nature of event or change
30 August 2024 Information for accumulation members about merger to become CareSuper.
30 August 2024 Information for pension members about merger to become CareSuper.
30 August 2024 Information for transition to retirement (TTR) members about merger to become CareSuper.
30 August 2024 Information for defined benefit members about merger to become CareSuper.

Spirit Super historic documentation

Annual reports

On 1 April 2021, MTAA Super and Tasplan Super merged to become Spirit Super. For annual reports and financial statement before 2021, call us on 1800 005 166.

Financial statements

On 1 April 2021, MTAA Super and Tasplan Super merged to become Spirit Super. For annual reports and financial statement before 2021, call us on 1800 005 166.

Significant event notices
Previous member outcomes assessment 2022/23

 

Defined benefit funds

 


Former CareSuper historic documentation

Annual reports
Financial statements
Significant event notices

Previous member outcomes assessment 2022/23

 

Service providers

Service Providers
Actuary Deloitte Consulting Pty Ltd (ABN 86 611 750 648)
External Auditor Ernst & Young (ABN 75 288 172 749)
Cloud service provider  VMware Australia Pty Ltd (ABN 77 122 677 089)
Gateway and clearing house  Westpac Banking Corporation (ABN 33 007 457 141)
Group life insurer  MetLife Insurance Limited (ABN 75 004 274 882)
Internal auditor  Deloitte Touche Tohmatsu (ABN 74 490 121 060)
Investment adviser  JANA Investment Advisers Pty Ltd (ABN 97 006 717 568)
Material Outsourced Investment Managers

Alphinity Investment Management Pty Ltd (ABN 12 140 833 709)
Adams Street Partners LLC 
Ausbil Investment Management Limited (ABN 26 076 316 473)
Antipodes Partners Limited (ABN 29 602 042 035)
Baillie Gifford Overseas Limited
Barings LLC 
Bennbridge Limited
BlackRock Investment Management (Australia) Limited (ABN 13 006 165 975)
Brandywine Global Investment Management, LLC 
Celeste Funds Management Limited (ABN 78 098 628 605)
Coolabah Capital Institutional Investments Pty Ltd (ABN 85 605 806 059)
DNR Capital Pty Ltd (ABN 72 099 071 637)
Fermat Capital Management, LLC

GQG Partners LLC
HSBC Global Asset Management (UK) Limited (ABN 633 929 718)
Hyperion Asset Management Limited (ABN 80 080 135 897)
IFM Investors Pty Ltd (ABN 67 107 247 727)
Impax Asset Management Limited (ABN 145 453 327)
Intermede Investment Partners Limited 
Jamieson Coote Bonds Pty Ltd (ABN 12 165 890 282)
Janus Henderson Investors (Australia) Institutional Funds Management Ltd (ABN 16 165 119 531)
JGS Private Capital Pty Ltd (ABN 20 602 602 595)
JPMorgan Asset Management (Australia) Limited (ABN 55 143 832 080)
Lennox Capital Partners Pty Ltd (ABN 19 617 001 966)
Longview Partners (Guernsey) Limited 
Magellan Asset Management Limited (ABN 31 120 593 946)
Ninety One Pty Ltd (ABN 122 579 113)
Ophir Asset Management Pty Ltd (ABN 88 156 146 717)
Optar Pty Ltd (ABN 86 606 486 917)
Paradice Investment Management Pty Ltd (ABN 64 090 148 619)
Patrizia Pty Ltd (ABN 68 008 636 717)
PIMCO Australia Pty Ltd (ABN 54 084 280 508)
Pzena Investment Management Pty Ltd (ABN 141 153 086)
QIC Limited (ABN 95 942 373 762)
Robeco Hong Kong Limited (ABN na)
ROC Capital Pty Limited (ABN 37 167 858 764)
Schroder Investment Management Australia (ABN 22 000 443 274)
Shenkman Capital Management, Inc (ABN na)
State Street Global Advisors, Australia Limited (ABN 42 003 914 225)
TCW Australia Pty Ltd (ABN 86 630 943 609)
Ubique Asset Management Pty Ltd (ABN 36 150 100 557)
UBS Asset Management (Australia) Ltd (ABN 31 003 146 290)
Wasatch Advisors, Inc (ABN 60 5031 909)
WaveStone Capital Pty Limited (ABN 80 120 179 419)
Wellington Management Australia Pty Ltd (ABN 19 167 091 090)
Western Asset Management Company Pty Ltd (ABN 41 117 767 923)

Master custodian  JPMORGAN Chase Bank, National association, Sydney Branch (ABN 43 074 112 011) ("J.P. Morgan")