Change to Cash investment option

From 4 April 2018, the Cash investment option will be invested solely into a bank account with ANZ Bank.

This change will mean a slightly higher rate of return compared to historical returns generated by the Cash investment option.  ANZ will pay interest on the cash held in the account at a rate equal to the Reserve Bank of Australia rate plus 0.75% p.a.


Quitting investment in tobacco

Effective immediately, Qantas Super will no longer invest in tobacco manufacturers. We are currently selling the small holdings we own.

In announcing the decision, Chief Investment Officer Andrew Spence said: “Given the negative social costs and health problems associated with smoking, tobacco is at risk of becoming obsolete with growing acknowledgement globally that there is no safe level of usage of the product.


Gateway: Change in exit fee in line with AWOTE

In line with the change in the private sector average weekly ordinary time earnings (AWOTE) for the 12 months to 30 November 2017, the exit fee paid by members in Qantas Super Gateway will change from 1 April 2018.