Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Superannuation
05 September 2025 by Maja Garaca Djurdjevic

APRA funds, party dissent behind Labor’s alleged Div 296 pause

APRA-regulated funds have reportedly raised concerns with the government over Division 296, as news of potential policy tweaks makes headlines
icon

Fed credibility erosion may propel gold above US$5k/oz, Goldman Sachs says

Goldman Sachs has warned threats to the Fed’s independence could lift gold above forecasts, shattering previous records

icon

Market pundits divided on availability of ‘reliable diversifiers’

While some believe reliable diversifiers are becoming increasingly rare, others disagree – citing several assets that ...

icon

AMP eyes portable alpha expansion as strategy makes quiet comeback

Portable alpha, long considered complex and costly, is experiencing a quiet resurgence as investors navigate ...

icon

Ten Cap remains bullish on equities as RBA eases policy

The investment management firm’s latest monthly update has cited rate cuts, labour strength and China’s recovery as key ...

icon

Super funds can handle tax tweaks, but not political meddling

The CEO of one of Australia’s largest super funds says his outfit has become an expert at rolling with regulatory ...

VIEW ALL

Care Super makes board changes

  •  
By Christine St Anne
  •  
2 minute read

Industry stalwart Sandy Grant heads to the $3.5 billion industry fund.

Care Super has appointed Sandy Grant to the fund's board, following the resignation of one of its directors.

David Purchase resigned from the board due to work commitments. He had held a position on the board since 2000.

Grant has been involved in the industry fund sector since 1997. He has worked for Industry Fund Services as a managing director and was chief executive of the $13 billion fund, Cbus, from 2004 to 2008.

He is also a director of Members Equity and the Australian Institute of Superannuation Trustees.

 
 

"The board is extremely pleased to have secured someone of the calibre of Sandy Grant, who brings a wealth of experience and commercial insight," Care Super's chair Barry Watchorn said.

Grant will serve as an employer representative on the fund's board.

Industry funds are governed by a representative trustee model. Each board is now made up of an equal number of employer and employee (union) representatives.