AustralianSuper Member Direct

Overview

AustralianSuper Member Direct is an investment option offered by AustralianSuper, providing members with greater control over their superannuation investments. Through this platform, members can invest in shares from the S&P/ASX 300 Index, Exchange Traded Funds (ETFs), Listed Investment Companies (LICs), term deposits, and cash. The platform offers real-time trading, market information, independent research, and investment tools to assist members in making informed investment decisions and managing their portfolios. To utilize Member Direct, members must open a Cash account, which functions similarly to an online bank account and earns a competitive interest rate on the cash held within it. Funds can be transferred from other AustralianSuper investment options into the Cash account, and subsequently used for investments. Conversely, money can also be moved from the Cash account back into AustralianSuper's other investment options. Eligibility criteria apply before members can invest in the Member Direct option, and there are important conditions to comply with when investing. Detailed information is available in the Member Direct investment option guide. The platform is designed for members who prefer an active role in managing their investments. AustralianSuper handles all administration, compliance, and reporting requirements, reducing the burden on members. Additionally, there are no set-up costs, and ongoing fees are lower compared to average operating costs for Self-Managed Super Funds. This structure allows members to tailor their investment strategies while benefiting from the scale and expertise of AustralianSuper.