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Potential merger with QSuper update

Discussions continue as both organisations consider whether to sign a Heads of Agreement and proceed with a merger.

As we welcome the start of 2021, merger discussions are continuing with QSuper. While we have made a lot of progress, there are some outstanding requirements that need to be met before we are able to move forward.

If we do sign a Heads of Agreement with QSuper, it will outline the form a merger will take, the intended timing and merger conditions and will only be entered into if it’s in the best interest of our members.

The due diligence process has shown how we could be stronger together with an opportunity to leverage scale and capabilities, and drive efficiencies to generate greater value for our members. And we will continue to progress this thinking as we work towards a decision.