Your home for profit-to-member Super
Join the leading voice in profit-to-member super
Our full list of member super funds
View the upcoming courses in your city
AIST's flagship educational program
Keep up your industry knowledge and professional development - at your own pace and when it’s convenient for you
Listing of all upcoming events
The premier idea sharing and networking event for Australia’s $1.5 trillion profit-to-member super sector
AIST's annual Superannuation Investment conference
Research, insights and advocacy on the most pressing topics in super
Our response to changes in the political and policy environment
From AIST's governance code to practical guidance and toolkits
Industry news, latest resources and event updates
Stay connected to the latest policy news
Photo, audio and video content
Our mission, vision and values
Meet our team
Our board of directors, constitution and committees
News, insights and resources as they unfold.
Stay up-to-date with the issues affecting super.
Australia’s profit-to-member superannuation funds – which include industry, public-sector and corporate funds - have demonstrated a strong commitment to the high standards of corporate governance set by AIST’s Governance Code in their reports against the Code for fiscal year 2019.
The Governance Code consists of 8 principles and 21 reporting requirements to protect and improve outcomes for superannuation fund members. The independent Governance Monitoring Panel’s Report assesses fund reporting against the Code and is publicly available as of this morning.
In the first year of reporting against the AIST Governance Code Monitoring Panel, 84.9% of 41 AIST member funds reported fully meeting Code’s 21 reporting requirements for the fiscal year 2019.
Funds reported partially meeting 12.1% of requirements while 3% of requirements were reported as not being met. Of the funds that had partially met some of the reporting requirements, most were public sector funds which have restrictions in their governing legislation, meaning that full compliance with the Governance Code is not possible.
The Chair of the independent Governance Code Monitoring Panel, Greg Brunner, said the Panel was pleased to see that the reporting standard was strong for the first year of reporting and funds recognised further opportunities for improvement.
“It’s pleasing to see that funds voluntarily reported 143 improvement activities that they will undertake over the next 12 months to continually improve governance practices,which shows the Governance Code is achieving its objective of improving governance standards from an already sound base.”
The AIST Governance Code became mandatory for AIST member funds on 1 July 2018 and fiscal year 2019 was the first full year of reporting. Further details are available in the Report on 2019 Compliance with the AIST Governance Code.
Media enquiries: AIST Senior Media Manager, Janet de Silva 0448 000 499
AIST is the peak body for the $1.4 trillion profit-to-member superannuation sector which includes industry, corporate and public sector funds
23 March 2020