Brighter Super will back Queensland with additional $500 million in new investments

30 May 2024

Brighter Super is proud to announce our Queensland Investment Strategy to support our members where they live and work with new investments to underpin jobs and drive growth in our home state, while delivering strong returns for members.

Brighter Super will invest an additional $500 million in Queensland on top of the $1 billion we already hold in assets in the state as part of our commitment to be right by our members’ sides.

Driving economic growth
Brighter Super Chief Executive Officer Kate Farrar said the Queensland Investment Strategy would help support creation of jobs and add to economic growth at an exciting time when Queensland was gearing up to host the Brisbane 2032 Olympic Games.

“We will be investing for impact to support Queensland industries in co-operation with investment partners,’’ Ms Farrar said. “We have the capacity to engage on a large range of real assets in Queensland, and help grow the regions,’ Ms Farrar said.

More than 70% of Brighter Super’s 230,000* members live in Queensland which has a population growth above the national average and significant economic opportunities in the leadup to the 2032 Brisbane Olympic Games and beyond. 

Brighter Super is the fourth largest non-government financial institution^ in Queensland, with $32 billion in funds under management and 85% held by Queenslanders*. Which is why we are committed to investing in Queensland to drive sustainable growth and create lasting positive impacts for our members and our communities.
‘Our ambition is to build on our almost 60-years of heritage supporting Queenslanders in their journey to retirement, particularly in the local government, energy and finance sectors,’ Ms Farrar said.

Brighter Super CEO, Kate Farrar visits a major regional investment - the Central Queensland Livestock Exchange

Rigorous investment process
Brighter Super is selecting fund managers for the Queensland Investment Strategy which will acquire assets ranging from listed equities through to infrastructure, including energy and renewables, housing, property, and agriculture.

The investments will be subject to a rigorous process. Investments will need to satisfy a test that they are in members’ best financial interests, diversify the Brighter Super portfolio and drive the economies in south-east and regional Queensland.

Major investments
Brighter Super’s existing $1 billion in assets in Queensland already underpin regional economies through investments such as the Sunshine Coast Airport and the Central Queensland Livestock Exchange.

Our stake in the Cooper’s Gap Wind Farm in the Western Downs and South Burnett is helping drive the energy transition.

In Brisbane, through our investment in the Dexus Wholesale Property Fund, Brighter Super is backing the giant $2.5 billion Waterfront Brisbane project in the heart of Brisbane’s CBD. 

Preparations for the 2032 Olympics could create opportunities for Brighter Super to invest in infrastructure assets which will be crucial to Queensland’s future.

‘We are focused on growing Queensland as we deliver great returns year on year to our members,’ Ms Farrar said.

Dynamic portfolio management
Ms Farrar said at the same time as Brighter Super planned to grow its investment in the state, its portfolio would remain dynamic, to provide the strongest returns to members.

*as at 31 March 2024
^based on assets under management non-government financial institutions in Queensland

Frequently asked questions

*as at 31 March 2024
^based on assets under management non-government financial institutions in Queensland