QSuper, Sunsuper $200b tie up finds support : vimarsana.com

QSuper, Sunsuper $200b tie up finds support


QSuper, Sunsuper $200b tie-up finds support
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The Queensland government has approved QSuper and Sunsuper’s proposal to tie the knot and create a $200 billion superannuation fund manager.
Queensland Treasurer Cameron Dick is expected to announce on Monday that the government would support the proposal if it was to proceed and argue it should boost economic activity.
Queensland Treasurer Cameron Dick.  
Attila Csaszar
The approval is understood to be conditional on the combined entity and its chief executive officer being based in Brisbane, and its use of QIC Ltd’s investments team.
“The Palaszczuk Government supports this proposal because it aligns with our vision to reinforce Queensland’s position as a preferred investment destination,” the Treasurer said in a statement to be released on Monday.

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