Qantas was but a small organisation with big ambitions when its staff pension scheme, now known as Qantas Super, was launched in mid-1939.
Only a year earlier, the company had packed the entire contents of its head office into two Empire flying boats and moved its headquarters from Brisbane to Sydney. At the time, Qantas staff numbered just over 200, with the company relying on a small group of highly skilled and experienced technical staff to support its grand vision.
Deciding it made sense to offer its valued staff an incentive to both accompany Qantas in its move to Sydney and stay on board for the long term, the board of directors launched a staff pension plan.
Officially launching the Qantas Staff Pension Scheme on 1 June 1939, Qantas chairman Fergus McMaster said:
“The company has always recognised the value of its Employees’ services by endeavouring to make working conditions as congenial and remunerative as possible…now…this recognition goes beyond the field of active service to provide for your years of retirement.”
The launch was the culmination of an idea several years in the making.
Qantas founder and managing director Hudson Fysh had first floated the concept of a pension scheme back in 1935, when Qantas joined with Britain’s Imperial Airways to operate the air service between Australia and Singapore.
With Imperial Airways announcing plans for a staff pension scheme, Fysh felt Qantas staff should not be left at a disadvantage.
Though it may have taken a few years, the launch of the scheme came just in time. With war in Europe declared on 3 September 1939, Qantas too went on a war footing.
Gone were the luxurious cabin services and cargoes of oysters on the Empire flying boats to Singapore; two of the six Empire boats and a number of Qantas pilots went to the RAAF, while military and government officials had priority on reduced services.
The protections offered by the Qantas Staff Pension Scheme were the saving grace for a number of Qantas employees and their families in this time.
Despite a long campaign by Fysh, Qantas staff and their dependants weren’t covered by war service benefits or payments, like those provided to merchant sailors. Instead, the Qantas Staff Pension Scheme provided support to a number of the families of the 17 Qantas staff who died by enemy action or accidents between 1939 and 1945.
The lessons learned in those impossible times have helped ensure the continued growth of Qantas Super. As it did through the war, the scheme has helped support Qantas employees through a multitude of changes over the last 80 years.
From Qantas entering government ownership under the nationalisation agenda of the post-war Chifley Government, to its privatisation and float in the 1990s, and onto the great technological change of the 21st century, Qantas Super has always been there.
Qantas Super held our 2022/23 Annual Member Meeting on 15 February 2024. .If you were unable to attend, you can catch up by reading a recap, or by watching a recording, or by listening to the meeting as a podcast.
In September 2023, Qantas Super’s Trustee announced that we would be exploring options to merge Qantas Super with other superannuation funds. As we embark on this process, we want to keep you informed at each stage of the process and answer your questions.
Here at Qantas Super, our purpose is to go above and beyond to help our members, so you can look forward. We know this is a value all of our members live and breathe in their own lives, so we wanted to recognise you and the work you do.
