Is Rest an industry super fund?

Yes, Rest is an industry super fund. While Rest doesn’t pay for a symbol that reflects being an industry super fund, this is in our members’ best financial interest. As a profit-for-member fund, Rest believes this money is better directed towards our members.  

What is an industry super fund?

An industry super fund is a type of fund that aims to give profits back to members, not shareholders.

There are a range of different fund types in Australia, such as retail funds, corporate funds and self-managed-super-funds (SMSFs). Industry super funds differ by:

1. Having profit-for-member structures
2. Offering competitive fees
3. Providing helpful member services

For example, Rest doesn’t pay commissions to financial advisers and offers competitive fees. This could mean more money for you when you retire. Rest can do this because we put those profits back to perks and services that benefit you (and not shareholders).

Remember, there is more to an industry super fund than paying for a symbol that identifies it as one. 

If Rest started for workers in the retail industry, does that make it a retail fund?

Put simply, no - Rest is not a retail fund. Rest is an industry super fund that was first created in 1988 to service workers in the retail industry. This is where some confusion comes from.

Originally, some industry super funds were created by industry groups and trade unions. Only workers in these industries were allowed to join. This includes Rest Super and workers in the retail industry back in 1988.

Nowadays, anyone can join our growing 2 million member base (as of September 2024). 

Why choose Rest super?

As an industry super fund, Rest offers a range of benefits to its members, including:

• Competitive long-term performance*
• Award-winning super fund**
• Keeping track of your super with the handy Rest App
• Access to simple personal advice online or over the phone via Rest Advice^ at no additional cost
• Contributing to a more sustainable future. 

Want to join our growing 2 million members and choose a leading industry super fund? Signing up takes only a matter of minutes.