Skip to content
Mogged
Treasury & financeStatutory authorityExists today

Commonwealth Superannuation Corporation

CSC

1 July 2011 – present

Previously Australian Reward Investment Alliance (2006–2011).

Trustee of the Australian Government's civilian and military superannuation schemes, including the CSS, PSS, PSSap, MSBS, ADF Super and the closed DFRDB and DFRB schemes; it invests scheme assets and, since 2015, also administers the schemes.

Names over time

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

How it came into existence

Established on 1 July 2011 by section 5 of the Governance of Australian Government Superannuation Schemes Act 2011, which renamed the Australian Reward Investment Alliance and merged into it the Military Superannuation and Benefits Board of Trustees No. 1 and the Defence Force Retirement and Death Benefits Authority.

Legislation: Governance of Australian Government Superannuation Schemes Act 2011

Changes during its life

  1. 1 July 2016Became trustee of ADF Super and ADF Cover, the new arrangements for Australian Defence Force members joining from 1 July 2016.
  • Absorbed ComSuper · 1 July 2015
    • Administration of Commonwealth superannuation schemes
    • Member records and benefit payments

Main functions

  • Trustee of Commonwealth civilian superannuation schemes
  • Trustee of military superannuation schemes, including ADF Super
  • Investment of scheme assets
  • Administration of member accounts and benefit payments
  • Member education and financial advice services

Where it sits

In the portfolio of Department of Finance.

Type of body
Corporate Commonwealth entity
Portfolio
Finance
Accountable authority
The Board – Governance of Australian Government Superannuation Schemes Act 2011 section 5 and 9, with reference to section 17(4) note (membership section 11(1))
ABN
48 882 817 243

Lineage

Loading lineage…

Sources