State/Territory

Name of super fund manager

Date for full funding

How does the government make contributions to the fund?

New South Wales

Liability Management Fund (LMF)

2030

Government makes monthly contribution to the LMF. Contribution based on tri-annual actuarial assessment aimed at offsetting unfunded component of liability.

Queensland

QIC

Fully funded

Superannuation liability fully funded by government through employer contributions.

Victoria

Government Superannuation Office (GSO)

2035

Annual appropriation based on actuarial advice that is consistent with the aim of 100 per cent funding of the unfunded superannuation liabilities by 2035.

Western Australia

Government Employee Superannuation Board (GESB)

2025
(approx)

Standard appropriation each year to the GESB reflecting employer contributions and to meet unfunded component of two closed WA schemes. West State Super only open scheme but is fully funded.

South Australia

Funds S.A.

2034

Annual appropriation to Funds S.A. each year representing funding for unfunded component and employee contributions.

Northern Territory

Commissioner of Superannuation

2060

All schemes unfunded, except for Parliamentary scheme. Liabilities for all unfunded schemes met with re-current revenue directly from the budget each year.

Tasmania

Retirement Benefits Fund

2018

Government makes employer contributions to the Fund. Additional contributions also made to offset unfunded component of liability.

Australian Capital Territory

Superannuation Provision Account (SPA)/Comsuper

90% funded
by 2040

Standard appropriation from SPA each year in line with actuarial assessment of unfunded liability.