Prime Super is an independent super fund run to benefit members. Our corporate governance is designed to protect the interests of members, while also taking into account the interests of other stakeholders, including employers and the community.
Prime Super Pty Ltd (ABN 81 067 241 016 AFSL No. 219723) is the Trustee of Prime Super and Prime Super is governed and managed by the Trustee Board.
The Board represents the interests of members in accordance with the Trust Deed and superannuation law. The Board is also responsible for the overall governance and strategic direction of Prime Super with the financial growth and security of our members' super savings.
Prime Super is governed by a number of documents that set out the rules relating to how the Fund operates and is run. These include:
Prime Super Pty Ltd has a constitution which, along with the Trust Deed, forms the governing rules for the Fund and the Trustee. Among other things, the constitution sets out the rules for the appointment and removal of directors and the filling of casual vacancies on the Board.
Prime Super has a majority independent board and keeps a register of relevant interests and duties for each of our directors. The Fund has procedures in place for the nomination, appointment, and removal of Trustee directors. The Board also has the following committees to which have particular areas of focus.
View our board's committees
Gerard Parlevliet (Chair)
Audit, compliance & risk committee (ACRC)
Allison Harker (Chair)
Remuneration & nominations committee
Jacqueline Kelly (Chair)
Matthew Scholten (Chair)
Prime Super outsources a number of functions including administration of member accounts and insurance to third parties.
View our key service providers
Outsourced Service Service provider ABN Actuary Mercer (Australia) Pty Ltd 32 005 315 917 Administrator Australian Administration Services Pty Ltd 62 003 429 114 Custodian National Australia Bank Limited 12 004 044 937 External auditor Ernst & Young 75 288 172 749 Insurer TAL Life Limited 70 050 109 450 Internal auditor PricewaterhouseCoopers (PwC) 52 780 433 757 Investment advisors Patrizia 68 008 636 717
- Defined Benefits Policy
- Pensions Policy
- Education, Health and Prime Divisions Policy
- MySuper Policy
- Whistleblower Policy
Conflicts management policy
The Trustee's Conflicts Management policy sets out procedures to identify and deal with potential and actual conflicts of interest that may arise in relation to Prime Super. View our summary of the Conflicts Management policy.
Prime Super has a duty to act in the best interests of members and believes that considering Environmental, Social and Governance (ESG) factors as part of investment decision-making on behalf of members is consistent with this responsibility. View our ESG policy.
Prime Super takes a strong interest in the corporate governance practices within the companies in which it invests members' funds. Accordingly Prime Super, as a shareholder, actively exercises the right to vote on various company-related matters for those companies in which shares are held directly. The process is governed by the Proxy voting policy developed by the Fund.
Proxy voting enables shareholders to vote on proposals influencing a company's operations including changes that are aimed at generating better financial outcomes, the election of directors, governance matters, and the remuneration of directors and executives.
The Fund Trustee votes on all company resolutions of the Fund's Australian shares. The Trustee will vote on these resolutions through a combination of votes cast directly by the Trustee, and votes cast by Investment Managers on behalf of the Trustee. Where votes are cast by an Investment Manager on behalf of the Trustee, the Trustee ensures that its voting intentions are appropriately registered, including by overriding the voting instruction of the Investment Manager if required. View a summary of our recent votes.