STC's governing rules are contained in the Superannuation Administration Act 1996 (the Act), which sets out STC's functions, duties and obligations as well as the requirements for Board member composition and appointments to the Board. The Treasurer of NSW has ministerial responsibility for the Act.

The governing rules for the defined benefit schemes are set out in the legislation establishing each of the schemes.

Organisation structure

State Super's operational arrangements as at 30 June 2019 are set out below.

trustee-organisational-structure

Mission

State Super's mission is to provide high quality superannuation services to members to maximise their superannuation benefits and to support the NSW Government in meeting its funding objective.

Principal functions of STC

STC's principal functions are to:

  • administer the STC schemes
  • invest and manage the STC Pooled Fund
  • provide for the custody of the assets and securities of the STC Pooled Fund
  • ensure scheme benefits are properly paid
  • determine disputes under the schemes.
* Note: State Super Financial Services Australia Limited, trading as StatePlus, is the holder of an Australian Financial Services Licence 238430, ABN 86 003 742 756. StatePlus is a ‘for profit’ financial services organisation which also provides financial planning advice. As of 6 June 2016, StatePlus is wholly owned by FSS Trustee Corporation (ABN 11 118 202 672 and AFSL 293340) as trustee of the First State Superannuation Scheme (ABN 53 226 460 365). StatePlus has its own Board and Management team. State Super does not pay any fees to StatePlus for the financial advice and member seminar services it provides to State Super members. State Super is not a representative of StatePlus and receives no commission when making referrals to StatePlus for financial planning services. Neither State Super nor the New South Wales Government take any responsibility for the services offered by StatePlus, nor do they or StatePlus guarantee the performance of any service or product provided by StatePlus.