Fund Governance & Transparency Information
The primary purpose of NSF Super is to maximise the retirement benefits of its members. To achieve this, the Trustee must ensure that NSF Super is well governed.
The Trustee of NSF Super is NSF Nominees Pty Limited. The Trustee holds a Registrable Superannuation Entity (RSE) licence from the Australian Prudential Regulation Authority (APRA) and an Australian Financial Services (AFS) licence issued by the Australian Securities and Investments Commission (ASIC).
NSF Super is governed by a Trust Deed, which is a legal document that sets out the rules for running a superannuation fund, and what the Trustee can and can’t do.
The Trustee also has a Constitution, which along with the Trust Deed, forms the governing rules for NSF Super and the Trustee. You can find the rules relating to the nomination, appointment and removal of Trustee Directors in the Constitution.
Trustee Directors and Executive Officers must have appropriate qualifications and demonstrated experience to hold a position with NSF Super.
All Trustee Directors are actively involved in the management of NSF Super and attend regular Board meetings.
Trustee Directors and Executive Officers receive remuneration for their role in managing and governing NSF Super.
The Trustee maintains a Register of Relevant Duties and Interests for itself, its responsible persons and associates to ensure that any potential conflicts of interest are identified.
The Trustee engages specialist professional advisers and service providers to assist in managing NSF Super. The following entities provide services affecting the material business activities of NSF Super (as at 1 July 2014).
|Service provider name||ABN||Service provided|
|Ernst & Young||75 288 172 749||Internal audit|
|Mercer Investments (Australia) Ltd||66 008 612 397||Asset consultancy|
|NAB Asset Servicing||12 004 044 937||Custodian|
|PSI Superannuation Management Pty Limited||93 003 422 320||Administration|
The Trustee Directors of NSF Super do not vote on listed shares as all equity investments are managed via investment trusts
Super funds have a responsibility to keep members informed of material changes and significant events that may affect member accounts. NSF Super communicates significant changes affecting members through Significant Event Notices mailed to affected members and made available to download from the News area of this website. NSF Super has issued the following Significant Event Notices in the last 2 years:
|Significant event||Date of issue of Notice|
|Changes to insurance from 1 July 2016||May 2016|
|Changes to Trust Deed from 1 July 2016||May 2016|
|Changes to insurance premiums and terms from 1 July 2015||May 2015|
|Review of investment options, fee arrangements and insurance from 1 July 2015||May 2015|
|Review of fee arrangements applying from 1 July 2013||May 2013|
|General advice changes – Pacific Custodians (Member Newsletter)||May 2013|