FIRSTSUPER is an Australian industry superannuation fund named on 1 July 2008 after the amalgamation of 3 separate industry funds:
Furniture Industry
Retirement Superannuation Trust
30 June 2007:
36,570 Members $522 million Members’ Funds
FIRST 2007
Annual Report
Timber Industry
Super Fund
30 June 2007: 36,817 Members $608 millionMembers’ Funds
TISS 2007
Annual Report
Pulp & Paper Workers'
Superannuation Fund
30 June 2007:
4,067 Members $389 millionMembers’ Funds
PPWSF 2007
Annual Report
FIRSTSUPERis a Public Offer Fund, so membership is open to all Australians.
Members in the sponsoring industries who move to other industries can stay in the Fund.
New Members can be employed or self-employed in any business.
See our Member Guide (Product Disclosure Statement
Effective 31 October 2009)
Based on these numbers, FIRSTSUPER is expected to have over 77,000 Members and more than $1.5 billion in assets at inception on 1 July 2008.
FIRSTSUPER brings together a collective 78 years experience in super.
Under superannuation successor fund regulations, first and ppwsf Members became members of TISS as of 1 July 2008 and TISS
changed its name to FIRSTSUPER. The regulations ensured that members of all three entities retained all their accumulated funds and at least their prior benefits following the transfer.
The increase in Fund membership and funds under management gives FIRSTSUPER access to leading investment managers and should lead to better deals and greater cost efficiencies than each of the funds could negotiate individually, resulting in an even stronger fund
See the official 