Who looks after the PSS

The PSS was established under the Superannuation Act 1990 to provide superannuation services and products to employees of the Australian Government and participating employers.

The PSS is managed by the Australian Reward Investment Alliance (ARIA), which was established under the Superannuation Legislation Amendment (Trustee Board and Other Measures) Act 2006.

ARIA is licensed under the Corporations Act 2001 and regulated by the Superannuation Industry (Supervision) Act 1993 (SIS Act). ARIA also manages the Commonwealth Superannuation Scheme (CSS), which was closed to members on 30 June 1990, and the Public Sector Superannuation Scheme accumulation plan (PSSap) which opened to new members as of 30 June 2005.

The seven Trustees of ARIA are appointed by the Minister for Finance and Administration to look after the best interests of members. Three are nominated by the Australian Council of Trade Unions (ACTU) and the Chairman is independent.

ARIA is responsible for all aspects of the PSS, including investment strategy, administration and member communications.

ARIA and its staff are supported by an administrator, a custodian and other specialist service providers, including leading Australian and international investment managers.