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Superannuation Funds Management Corporation of South Australia

Functional responsibility

The Superannuation Funds Management Corporation of South Australia (Funds SA) is a statutory authority established by the Superannuation Funds Management Corporation of South Australia Act 1995 (the SFMCSA Act).

Funds SA’s main function is to invest and manage the public sector superannuation funds, the nominated funds of approved authorities and other funds (funds under management) pursuant to strategies formulated by Funds SA. For details of Funds SA’s objectives and functions refer note 1 of the financial report.


Financial statistics
Net surplus: $374 000
   
Number of FTEs: 28.8
   
Funds under management: $25.8 billion
   
Net income of assets under management: $2.2 billion

Significant events and transactions
  • Funds SA took on the management of funds for two new clients namely the Lifetime Support Authority of South Australia and the Health Services Charitable Gifts Board. Funds under management as at 30 June 2015 for these two clients were $165 million and $80 million respectively.
  • Motor Accident Commission redeemed $645 million of investment funds.

Financial statement opinion
Unmodified