The Annual Member Meeting took place on Thursday 16 February 2023 at 6pm

While financial year 2021-22 has seen significant volatility in investment markets and negative returns experienced across the industry, our fund remains strong and growing, delivering top quartile returns over the long-term.
The Annual Member Meeting allowed us to hear from the leaders of your super fund about how Cbus is performing, and what’s planned in the next 12 months.

Some highlights included:


  • Welcoming Media Super members following the successful completion of a merger in 2022 and preparing for further consolidation with EISS Super expected in 2023, both delivering benefits of scale for all members
  • Acquiring a 10 per cent interest in Star of the South, Australia’s most progressed offshore wind project, located off the south coast of Gippsland in Victoria
  • 845,000 members and over $70 billion in funds under management (FUM) as at 30 June 2022.

Read our AMM minutes

At the Annual Members’ Meeting there was a question asked by a Media Super member in relation to the Media Super pension product. The member wanted to know why they were in the Cbus pension product and not the Media Super one. The response was that Media Super did not have a pension product and that’s why they are in the Cbus pension product. During the course of the Annual Member Meeting, several members correctly pointed out that Media Super did have a pension product.

It’s important we provide clarification on this issue. Media Super did have a pension product, but as a result of the merger with Cbus and in members’ best financial interests, it was considered more viable that all members go into the Cbus pension (Super Income Stream). Media Super members received a Significant Event Notice that outlined the transfer to the Cbus Super Income Stream. So all former Media Super pension members are now in the Cbus Super Income Stream as the Media Super pension no longer exists.

Cbus has reached out to members who asked about this and commented at the meeting to provide clarification. We apologise for any confusion caused.

View our Annual Member presentation

Additional information

Alongside your invitation to the meeting, we are required under superannuation regulations to provide the following additional information.

Summary of payments made by the fund

The following table provides a summary of remuneration and certain payments made by the fund from 1 July 2021 to 30 June 2022.

Expenses Amount
Aggregate remuneration expenditure $8,260,229
Aggregate promotion, marketing and sponsorship expenditure $21,849,572
Aggregate political donations $0
Aggregate industrial body payments $1,700,675
Aggregate related party payments

Some payments are required by government regulations to be disclosed in more than one category. More information about each category is listed below.


Remuneration includes salaries for our CEO and all Group Executives, as well as fees for directors, alternate directors and other board committee members. More detail is available on our website and in our Annual Integrated Report.

Promotion, marketing and sponsorship

Promotion, marketing and sponsorship includes expenses for all promotional and educational material, advertising, media, sponsorship and partnership arrangements. This marketing spend helps to grow our fund and increase scale, which means lower fees for members.

Donations to political organisations

Cbus does not make political donations.

Payments to industry bodies or trade associations

Payments to industry bodies or trade associations includes partnership arrangements – which may include advertising, marketing and education services – to help grow our fund. More detail is available in our Annual Integrated Report.

Payments to related parties

Payments to related parties includes payments made to our subsidiary entities for business operations, or for services from an organisation in which we also invest, or when a director is an employee of an organisation which provides services to us.

Payments also include promotional and marketing services, directors’ fees and board committee fees. More detail on payments to related parties is available in our Annual Integrated Report.

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