Commonwealth Superannuation Corporation is trustee of PSSap and licensed under the Corporations Act 2001 and regulated by the Superannuation Industry (Supervision) Act 1993 (SIS Act). Commonwealth Superannuation Corporation provides superannuation services and products to Australian Government employees and employers. Your trustee understands your employment conditions and aims to deliver consistent returns and useful superannuation services, all at a competitive cost to you.
Commonwealth Superannuation Corporation is trustee of nine schemes:
- Public Sector Superannuation accumulation plan (PSSap)
- Commonwealth Superannuation Scheme (CSS)
- Military Superannuation and Benefits Scheme (MilitarySuper)
- Public Sector Superannuation Scheme (PSS)
- 1922 Scheme
- DFRB Scheme
- Defence Force Retirement and Death Benefits Scheme (DFRDB Scheme)
- Papua New Guinea Scheme (PNG Scheme)
Commonwealth Superannuation Corporation was established by the Governance of Australian Government Superannuation Schemes Act 2011 and is a body corporate, subject to the Commonwealth Authorities and Companies Act 1997. Directors are appointed by the Minister for Finance and Deregulation, in accordance with the Governance of Australian Government Superannuation Schemes Act 2011.
Three Directors are nominated by the President of the Australian Council of Trade Unions; two Directors are nominated by the Chief of the Defence Force; and all remaining Directors chosen by the Minister.
Commonwealth Superannuation Corporation is responsible for all aspects of PSSap, including investment strategy, administration, keeping you informed through provision of regular communications, and responding to enquiries, complaints and claims.
All responsibilities to you as a PSSap member are set out in your PSSap Product Disclosure Statement, Superannuation Act 2005 and other relevant legislation.
To provide you with a high quality service, Commonwealth Superannuation Corporation is supported by an administrator, a custodian and other specialist providers, including leading Australian and international investment managers.