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Superannuation Funds Management Corporation of South Australia (Funds SA)

Financial statistics
Net surplus: $1.2 million
   
Number of FTEs: 29.2
   
Funds under management: $27 billion
   
Net income of assets under management: $1 billion

Significant events and transactions
  • Funds SA took on the management of funds for a new client, The University of Adelaide Endowment Trust. Funds under management as at 30 June 2016 were $156 million.
  • Funds SA moved into new leased premises. The cost of the leasehold improvements was $936 000.
  • The Motor Accident Commission redeemed $460 million of investment funds.
  • A new Chairman was appointed to the Funds SA Board in December 2015.

Financial statement opinion
Unmodified