Annual Members’ Meeting 2024-25
The Annual Members’ Meeting for the financial year 2024-25 took place on Tuesday 25 November 2025 at 6pm.
Hayley Pope our Executive Manager, Governance hosted the meeting, and Co-chair Mike Radda provided a Fund update. CEO Bill Watson gave a report on investment performance and an update on Fund activities and outlook for the coming year.
Key updates
- Fund membership has grown nearly 13% to 79,000 members, and member funds increased to $5.3bn
- Our Balance option returned 9.00% to super members and 9.83% to retirement members, with our 10-year average returns for our Balanced Accumulation option being 7.52% and 8.00% p.a. for our Balanced Pension option.
- From 1 September 2025, we reduced adminstration fees for both accumulation and pension fees, with fees for super members now $1.65 a week, down from $1.87
Annual Members’ Meeting Minutes 2025
Additional information
We’ve included the following information as required by superannuation.
- Summary of significant event notices and changes for the past 2 years
- Our FY 2024/25 Annual report
- Our FY 2024/25 Annual Financial Report (including the Directors’ report, Remuneration report, financial Statements and Auditor’s report).
- The most recent annual members outcomes assessment
- Your annual statement which is available in firstonline
- Detailed payment listings for FY 2024/25 including promotion, marketing and sponsorship information, political donations, industrial body payments and related party payments.