Industry fund serving members across a range of industries including energy, rail, and government.
Equip Super is an industry superannuation fund regulated by APRA. Established in 1931, the fund is headquartered in VIC and operates under RSE Licence L0001880. The trustee responsible for managing the fund is Togethr Trustees Pty Ltd.
| Detail | Value |
|---|---|
| ABN | 64 006 964 049 |
| RSE Licence | L0001880 |
| Trustee | Togethr Trustees Pty Ltd |
| Legal Name | Togethr Trustees Pty Ltd |
| Established | 1931 |
| Headquarters | Level 27, 360 Elizabeth Street, Melbourne VIC 3000 |
| Fund Type | Industry |
| USI | TOG0100AU |
| Member Services Phone | 1800 682 626 |
| Website | https://www.equipsuper.com.au |
Equip Super manages $35 billion in assets under management, serving approximately 100 members across approximately 2,000 employers. This makes it a mid-sized fund in the Australian superannuation landscape.
As a mid-sized fund, Equip Super balances the personalised service that smaller funds offer with sufficient scale to access competitive investment options. While the fund may not match the bargaining power of the largest industry funds, it can still provide a diversified portfolio and competitive fee structure for its members.
Equip Super's MySuper option charges a total fee of $438 per year on a $50,000 balance (0.68% of a $50,000 balance). On a $100,000 balance, annual fees come to $798. The fee structure includes a fixed administration component plus percentage-based investment and indirect cost charges.
| Fee Component | Amount |
|---|---|
| Administration Fee (Flat) | $78 p.a. |
| Administration Fee (%) | 0.16% |
| Investment Fee (MySuper) | 0.50% |
| Indirect Cost Ratio | 0.06% |
| Buy/Sell Spread | 0.10% |
| Performance Fee | Yes |
The table below shows how Equip Super's total annual fees scale with your account balance. Funds with a higher flat fee component tend to be proportionally more expensive at lower balances.
| Balance | $10,000 | $25,000 | $50,000 | $100,000 | $250,000 | $500,000 |
|---|---|---|---|---|---|---|
| Annual Fee ($) | $150 | $258 | $438 | $798 | $1,878 | $3,678 |
| Fee as % of Balance | 1.50% | 1.03% | 0.88% | 0.80% | 0.75% | 0.74% |
The Balanced Growth option has delivered a 10-year annualised return of 7.8%, which is broadly in line with the industry median for MySuper products. This suggests the fund has been a reliable performer without standing out significantly in either direction.
| Period | Return (p.a.) |
|---|---|
| 1 Year | +11.0% |
| 3 Years | +7.8% |
| 5 Years | +8.0% |
| 7 Years | +8.0% |
| 10 Years | +7.8% |
The following table shows the annual returns for Equip Super's Balanced Growth option for each financial year. This allows you to see how the fund performed during both strong market years and downturns, including the COVID-19 sell-off in FY2020 and the inflation-driven correction in FY2022.
| Year | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balanced Growth | +10.0% | +3.8% | +12.0% | +9.8% | +8.0% | -0.2% | +19.0% | -2.8% | +9.8% | +8.5% |
Equip Super offers 9 investment options spanning pre-mixed diversified portfolios and single-sector choices. Each option carries a different risk profile and fee structure. The asset allocation doughnut charts below show the mix of growth and defensive assets within each option.
| Type | Risk Level | Total Fee | 1yr | 5yr | 10yr |
|---|---|---|---|---|---|
| Pre-mixed | 5 — Medium to High | 0.68% | +11.0% | +8.0% | +7.8% |
Equip Super provides default insurance cover through AIA Australia. Most members are automatically enrolled in death and TPD cover when they join, while income protection is typically opt-in. Insurance premiums are deducted directly from your super balance, which means you do not pay out of pocket but your retirement savings are reduced over time.
| Cover Type | Details |
|---|---|
| Insurer | AIA Australia |
| Death Cover | Yes — opt-out |
| TPD Cover | Yes — opt-out |
| Income Protection | Yes — opt-in |
APRA (the Australian Prudential Regulation Authority) publishes an annual MySuper Product Heatmap that assesses each fund across fees, investment returns, and sustainability. The heatmap uses a traffic-light system to flag products that may be underperforming relative to peers. Here is where Equip Super's MySuper option sits on the latest heatmap:
A "Below median" fee rating means the fund's fees are lower than the typical MySuper product — which is positive for members. An "Above median" return rating indicates the fund has delivered stronger returns than the median fund. A "Performing" sustainability rating means APRA has not identified any concerns about the product's long-term viability.
Equip Super is led by CEO Scott Cameron. The board comprises 9 directors, with equal representation of 3 member-elected and 3 employer-appointed directors, plus 3 independent directors. As an APRA-regulated fund, Equip Super must meet strict governance standards including director fitness and propriety requirements, risk management frameworks, and regular independent audits.
| Role | Details |
|---|---|
| CEO | Scott Cameron |
| Member-Elected Directors | 3 |
| Employer-Appointed Directors | 3 |
| Independent Directors | 3 |
Major mergers: Catholic Super (2021); VISSF (2020)
Equip Super maintains a formal ESG policy and has committed to a net-zero emissions target by 2050. As a signatory to the United Nations Principles for Responsible Investment (UN PRI), the fund has committed to incorporating ESG factors into its investment decision-making.
| ESG Criteria | Status |
|---|---|
| ESG Policy | Yes |
| Net Zero Target | 2050 |
| UN PRI Signatory | Yes |
| ACSI Member | N/A |
| Fossil Fuel Exclusion | N/A |
| Tobacco Exclusion | N/A |
| Weapons Exclusion | N/A |
The Equip Super app has solid ratings of 4.3 on iOS and 4.1 on Android, providing members with a functional mobile experience for checking balances, managing investments, and accessing statements.
| Service | Details |
|---|---|
| iOS App Rating | 4.3/5.0 |
| Android App Rating | 4.1/5.0 |
During the Global Financial Crisis in 2008, Equip Super lost 12.8%, roughly in line with the industry average. The GFC remains the most severe market downturn in recent memory and tested every super fund's risk management framework.
In the COVID-19 year (FY2020), Equip Super limited losses to just -0.2%, recovering strongly through the second half of the year.
How a fund performs during market downturns can be as revealing as its long-term returns. Funds that limit losses during crashes tend to have more conservative asset allocations or better risk management, though this can sometimes come at the cost of lower returns during boom periods.
At 4.5 complaints per 10,000 members, Equip Super has a higher-than-average complaint rate. While this does not necessarily indicate poor service, prospective members may want to review the types of complaints lodged.
AFCA is the independent complaints body for financial services in Australia. Members can escalate complaints to AFCA if they are unable to resolve a dispute directly with their super fund. The complaints-per-10,000-members ratio is the most meaningful comparison metric as it adjusts for fund size.
See how Equip Super stacks up against every other fund in our database with a detailed side-by-side comparison.