The industry fund for the people who care
Health Super’s journey.We’re the Australian industry superannuation fund for the people who care. We’ve got over 40 years experience servicing those who work in health and community services.
1966
The Hospitals Superannuation Board was established.
Superannuation was a privilege for the chosen few.
There were a lot less laws regulating superannuation.
Computers weren't common so keeping records was far more intensive!
1977
Our pension option was introduced to supplement lump sum benefit.
New contributors who joined after 1 January 1977 were automatically entitled to pension benefits.
1981
The defined benefit scheme was introduced - members joining after 1 January 1981 were entitled to a lump sum of three times their average final salary.
For existing members the greater of the accumulation or defined benefit was payable.
1988
Compulsory 3% superannuation was introduced under the award system. No member contributions were permitted. This increased our membership from 12,000 members to more than 100,000 members overnight.
1992
The Federal Government introduced compulsory superannuation contributions for most employers.
This became known as the Superannuation Guarantee (SG).
1994
The defined benefit scheme was closed to new members.
1999
Hospitals Superannuation Board became a corporate trustee, Health Super Pty Ltd.
The Fund converted from a public sector superannuation fund to a regulated fund under the Federal Government's Superannuation Industry Supervision Act.
2006
Celebrating 40 years
The Federal Governmen's Choice of Fund legislation was introduced.
The new licensing regime for superannuation funds was introduced by the Australian Prudential Regulation Authority (APRA). Health Super obtained its RSE licence and the Fund obtained its RSE registration.
2007
The Federal Government's Better Super reforms were introduced - resulting in significant changes to superannuation and pension rules and greater tax benefits for superannuation savings.
2011
Health Super and First State Super merge. Health Super is now a division of First State Super.
2001
Health Super Financial Planning was launched.
Our Privileges Program was introduced.
2003
Our Socially Responsible Investment options were introduced.
2004
We were granted our Australian Financial Services Licence (AFSL) from the Australian Securities and Investment Commission (ASIC).
We implemented our Lifecycle strategy and expanded our investment options to nine.
2006
We were granted our Registrable Super Entity (RSE) licence under the Australian Prudential Regulation Authority's (APRA) new licensing regime and the Fund obtained its RSE registration.
Nominated for SuperRatings Fund of the year.
ASFA Communication Awards - award for excellence in member marketing or education communication - 'Don't get burnt' campaign.
2007
ASFA Communication Awards - award for excellence in stakeholder marketing or education communication - Talking Super member magazine.
2008
Awarded a platinum rating by SuperRatings, ranking us among the top 15% of superannuation funds rated by SuperRatings.
Australian Marketing Institute - finalist in marketing excellence 'Co-Contributions campaign' (2008).
2009
Again awarded a platinum rating by SuperRatings for 2009.
2010
AIST Awards for Excellence - winner of the Platinum Communications Award - most successful communications campaign – Student Club.
Rainmaker SelectingSuper Awards - winner of 'Retirement Product of the Year' in the Value Choice category for our Account Based Pension Product.
SuperRatings Awards - finalist for a 'Rising Star' Award - for demonstrating commitment to improving the value of our offering to members over the past 12 months.
Again awarded a platinum rating by SuperRatings for 2010.
Awarded a 5 year platinum performance rating for 2006-2010.
2011
Again awarded a platinum rating by SuperRatings for 2011.
Again awarded a 5 year platinum rating by SuperRatings for 2006-2011.
SuperRatings is an independent ratings agency. For more information about their ratings system,visit SuperRatings.