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Treasury & financeStatutory authority

Australian Reward Investment Alliance

ARIA

1 July 2006 – 1 July 2011

Previously PSS Board (1990–2006). Renamed Commonwealth Superannuation Corporation in 2011.

Single trustee and investment manager for the Commonwealth's civilian superannuation schemes: the CSS, the PSS and the PSSap.

Names over time

  1. PSS Board1990–2006
  2. Australian Reward Investment Alliance2006–2011
  3. Commonwealth Superannuation Corporation2011–present

How it came into existence

Formed on 1 July 2006 when the PSS Board, a statutory corporation under the Superannuation Act 1990, was renamed and took over the trusteeship of the CSS and PSSap from the CSS Board and the PSSap Board, consolidating governance of the three schemes after the Uhrig review of statutory authority governance.

  • Renamed from PSS Board · 1 July 2006
    • Trusteeship of the PSS
  • Merged from CSS Board · 1 July 2006
    • Trusteeship of the CSS
  • Merged from PSSap Board · 1 July 2006
    • Trusteeship of the PSSap

Legislation: Superannuation Act 1990

How it ended

Renamed the Commonwealth Superannuation Corporation on 1 July 2011 under the Governance of Australian Government Superannuation Schemes Act 2011, which also merged the military superannuation trustees into it.

Main functions

  • Trustee of the Commonwealth Superannuation Scheme
  • Trustee of the Public Sector Superannuation Scheme
  • Trustee of the PSSap
  • Investment of scheme assets

Where it sits

Last in the portfolio of Department of Finance and Deregulation.

Lineage

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Sources