Governance

The Board of legalsuper is responsible for the overall strategic direction.

Our Board includes respected members of the legal community. A rigorous governance structure and set of processes ensures we maintain thoroughness and accuracy. We operate with full transparency and are committed to maintaining the quality of our offering.

Our Board has 10 Directors including an Independent Chair who is appointed by the Board. The other nine Directors are nominated by the following organisations. For detailed information regarding the process for the nomination, appointment, renewal and removal of Directors please refer to the Constitution of Legal Super:

• Constitution of Legal Super Pty Limited (PDF 260.87 KB)

As at 10 June 2025, the following persons are Directors of Legal Super Pty Ltd as trustee for legalsuper:

The following appointments, retirements or resignations occurred for 2024/2025 financial year:

• Michael Donelly was appointed as a director, effective 10 June 2025
• Ronan MacSweeney was appointed as a director, effective 27 May 2025
• Kamal Farouque retired as a member director, effective 14 March 2025
•  Andrew Boog retired as an employer director, effective 31 March 2025

The following appointments, retirements or resignations occurred for 2022/2023 financial year:

• Anastasia Polites retired as Member Director, effective 29 July 2022
• Carita Kazakoff retired as Member Director, effective 2 September 2022
• Kamal Farouque was appointed as Member Director, effective 21 September 2022
• Nikhil Mishra retired as Member Director, effective 13 October 2022
• Daniel Papps was appointed Member Director, effective 11 October 2022
• Mary Macken was appointed Member Director, effective 17 October 2022

The following appointments, retirements or resignations occurred during 2020/21:

• Emma Maiden retired as Member Director, effective 20 September 2020
• Anastasia Polites was appointed as Member Director, effective 21 September 2020
• Geoff Hone retired as Employer Director, effective 31 March 2021
• Adam Awty was appointed as Employer Director, effective 31 March 2021
• Phil Kennon QC retired as Member Director, effective 09 June 2021
• James Peters AM KC was appointed as Member Director, effective 30 June 2021

The following appointments, retirements or resignations occurred during 2019/20:

• Chris Joyce retired as Member Director effective on 31 March 2020
• Nikhil Mishra was appointed as Member Director effective on 31 March 2020

The following appointments, retirements or resignations occurred during 2018/19:

• Vicki Rogers retired as Member Director effective on 31 March 2019
• Coralie Kenny retired as Employer Director effective on 31 March 2019
• Richard Flitcroft was appointed as Employer Director effective on 31 March 2019
• Imogen Sturni was appointed as Member Director effective on 31 March 2019

The following persons are members of the Executive Management team of Legal Super Pty Ltd as trustee for legalsuper:

The following appointments, retirements or resignations occurred for 2025/2026 financial year

• Christine Nguyen was appointed as Chief Risk Officer on 11 August 2025

The following appointments, retirements or resignations occurred during 2024/25:

• Andrew Lill was appointed as Chief Investment Officer on 11 March 2025
• Jennifer Abraham was appointed as Office of the CEO & Strategy on 20 December 2024
• Paul Murray ceased employment as Chief Investment Officer effective on 20 December 2024  

The following appointments, retirements or resignations occurred during 2023/24:

• Trevin Erichsen ceased employment as Chief Operating Officer effective on 16 August 2023
• Michael Gogorosis was appointed Chief Financial Officer effective on 27 November 2023
• Norman Zhang ceased employment as Chief Investment Officer effective on 7 December 2023
• Carrie Norman ceased employment as Chief Member Officer effective on 13 December 2023
• John Robinson was appointed Executive Manager, Business Enablement & Risk effective on 13 December 2023
• Colin Adamson was appointed Chief Commercial Officer effective on 15 January 2024
• Jessica Lancashire ceased employment as Executive Manager, People & Culture effective on 12 January 2024
• Paul Murray was appointed Chief Investment Officer effective on 11 March 2024
• Louise Eyres was appointed Chief Marketing Officer effective on 14 May 2024

The following appointments, retirements or resignations occurred during 2022/23:

• Trevin Erichsen was appointed Chief Operating Officer effective on 12 September 2022
• Andrew Proebstl ceased employment as Chief Executive Officer on 23 November 2022
• Luke Symons was appointed Chief Executive Officer effective on 11 April 2023

The following appointments, retirements or resignations occurred during 2021/22:

• Jessica Lancashire's title changed from Manager, People & Culture to Executive Manager, People & Culture effective 31 August 2021
• Carrie Norman was appointed Chief Member Officer effective on 29 March 2022
• David Eastwood ceased employment as Executive Manager, Operations and Member Services effective on 8 April 2022

The following appointments, retirements or resignations occurred during 2020/21:

• Patsy Mullen-Conolly ceased employment as Executive Manager, Member Experience effective on 16 July 2020
• Carrie Norman was appointed as Executive Manager, Member Experience effective on 14 September 2020

The following appointments, retirements or resignations occurred during 2019/20:

• Edward Smith resigned as Chief Investment Officer effective on 26 September 2019
• Norman Zhang was appointed as Chief Investment Officer effective on 3 March 2020

• Board Charter (160.11 KB)
• Remuneration & Nomination Committee Charter (170.9 KB)

Board Committee membership

Administration and Insurance Committee

Responsible for overseeing the fund administrator, member insurance arrangements, and the operating cost budget.

Chair:

• Adam Awty

Members:

• Daniel Papps
• Michael Donelly

Audit, Risk & Governance Committee

Responsible for the financial reporting framework, both internal and external audit, the Risk Management Framework, and oversight of compliance with the legislative, prudential and regulatory obligations of the Trustee.

Chair:

• Richard Flitcroft

Members:

• Mary Macken
• Imogen Sturni

Investment Committee

Responsible for overseeing implementation of the investment strategy, advising the Board on the design of investment options including the risk and return objectives and strategic asset allocation; investment policy; and the appointment or termination of the Custodian or Asset Consultant.

Chair:

• James Peters AM KC

Members:

• Richard Fleming
• Ronan MacSweeney

External Investment expert:

• Joe Fernandes

Remuneration & Nomination Committee

Responsible for making annual recommendations to the Board on the remuneration of the senior executives and others in accordance with the Board’s Remuneration Policy; and determining the processes for the interview of nominees for the role of Director and making a recommendation to the Board.

Chair:

• Kirsten Mander

Members:

• Adam Awty
• Imogen Sturni

Click here to download the Board Meeting Attendance for the last 7 Financial Years. (Attendance at out of schedule meetings are not included in this table.)

Directors remuneration disclosures

Director performance evaluation & review 

The Board has adopted a number of formal process to review and monitor its ongoing performance, including: 

a) Each Director signs a letter of appointment  which sets out term of appointment, responsibilities and duties.
b) Each year the Independent Chair meets with each Director to discuss the performance and effectiveness of the Board.  
c) The Independent Chair reports her findings from these discussions to the Board.
d) The Board assesses the performance of the Independent Chair. 
e) An external consultant is also retained periodically to independently review the performance of the Board.

Director remuneration

• The Independent Chair’s remuneration is determined by the Board. 
• The remuneration of Directors other than the Chair of the Board is approved by the stakeholders of legalsuper. 
• Remuneration is indexed annually for a cost of living adjustment. 
• Travel, accommodation and other incidental costs associated with the Directors’ roles are paid or reimbursed by legalsuper. 
• The remuneration paid to individual Directors differs, reflecting that some Committees meet more often than others and the Chair of each Committee is paid an additional amount for the extra work involved. 

legalsuper remuneration framework disclosures for the purposes of CPS 511 

APRA Prudential Standard CPS 511 regulates the remuneration arrangements offered by regulated entities such as superannuation funds. Those requirements include an obligation to disclosure certain details on websites.  The following disclosures are made for the purpose of CPS 511. 

Governance of our remuneration framework 

Our Board is ultimately responsible for approving and overseeing our remuneration framework, which includes our Consequence Management Framework. The Board meets approximately six times each financial year.  

Our senior management team in turn performs a key role in implementing and monitoring our remuneration framework in practice. 

Governance around remuneration in the ordinary course 

Ordinarily, the performance of all staff is reviewed and evaluated annually. Each staff member has a discussion with their manager as part of that process. In the case of responsible officers (which includes key Executives), the Remuneration and Nomination Committee reviews their performance and remuneration, based on recommendations by the Chief Executive Officer, and then makes a recommendation to the Board. That committee meets approximately three times each financial year. Ultimately, the Board determines the outcome of any remuneration reviews for these responsible officers. 

Governance around consequence management  

Our personnel are not entitled to variable remuneration. This means no decisions need to be made to approve the payment of payment of variable remuneration and there is no risk of variable remuneration arrangements indirectly contributing to the risk of misconduct or other risk management failures. 

Nevertheless, under our remuneration framework, there are consequences if any misconduct or risk management failures occur, as outlined further below. If this was to occur, the Executive Manager, Governance is required to be notified. Our Head of People & Culture is required to notify any issues identified through culture and engagement surveys. Investigations are carried out and investigation findings are then taken into account by the relevant decision-maker to determine the appropriate consequence.  

The decision-makers are different depending on which individual the consequences would relate to. For example, issues regarding directors are determined by the Chair, issues relating to the CEO or the Chair are determined by the Board, issues relating to Executives are determined by the CEO and issues relating to other personnel are determined by the relevant Executive. All outcomes relating to Executives are required to be reported to the Board, so the Board can take these matters into account when it reviews the remuneration of responsible officers. 

Design of our remuneration framework 

Our remuneration framework has been designed:

• to be consistent with our business plan, strategic objectives, risk management framework and best financial interests duty;
• to support the prevention and mitigation of conduct risk;
• to promote effective risk management in relation to financial and non-financial risks, sustainable performance and long-term soundness. 

A key pillar is that our remuneration framework does not include variable remuneration, which avoids the risks arising from variable remuneration structures. For example, the absence of variable remuneration protects our members from the risk of variable remuneration inadvertently incentivising inappropriate risk-taking behaviour or other behaviours which are inconsistent with the above areas of focus. 

Remuneration is set consistently with our sense of cost-discipline, our conservative annual budgets, and our strategic objective for our fees to be competitive with peer funds. This approach to remuneration helps to support our fund’s performance and long-term soundness. At the same time, our approach to remuneration is designed to attract and retain staff with the expertise needed to execute on our business plan and strategic objectives. 

Consequence management 

Our staff are not entitled to variable remuneration, so there are other consequences where misconduct or inappropriate risk-taking behaviour is found to occur.  

The potential consequences can range from counselling, warnings, suspension through to termination. Other consequences can include being ineligible for promotion opportunities or remuneration reviews, or restrictions on their delegated authority.  

The appropriate consequence is determined based on accountability principles, which take into account factors such as the severity of the event, the impact on members and the fund, the degree of knowledge, involvement, intention or carelessness on the part of the individual and their response after the issue was detected. 

Decision-making responsibilities are outlined above in the sections outlining governance. 

APRA regulates aspects of variable remuneration payable to persons in “specified roles” but since we do not offer variable remuneration, there are no persons holding “specified roles” who receive variable remuneration.  

A rigorous governance structure and set of processes ensures we maintain thoroughness and accuracy. You can read more about our governing rules in the legalsuper Trust deed and the Constitution of Legal Super Pty Ltd. 

• Deed of Consolidation (3.44 MB)
• Constitution of Legal Super Pty Limited (260.87 KB)

The proxy voting policy sets out how Legal Super Pty Ltd (the Trustee) manages proxy voting in respect of the publicly listed companies in which it invests.

legalsuper holds Overseas shares through holdings with five investment managers. 

• Proxy voting policy
• Proxy voting report

legalsuper - Audited financial statements for the year ended 30 June 2025

• Audited financial statements 30 June 2025

Legal Super Pty Ltd -  Audited financial statements for the year ended 30 June 2025

• Audited financial statements 30 June 2025

Each year, we are required to determine whether our products promote the financial interests of our members by assessing our performance against various assessment and comparison factors.

This year's evaluation has again determined that our products promote the financial interests of our members.

This document provides a summary of our strategy, which we hope will assist our members in making informed decisions about their retirement.

• Retirement income strategy

More information can be be found on this page.

• Significant Event Notice - Accumulation members - September 2025 (244 KB) 
• Significant Event Notice - Pension members - September 2025 (176 KB)
• Significant Event Notice - February 2025 (109 KB )
• Significant Event Notice – September 2024 (131.07 KB)
• Significant Event Notice - December 2023 (93.99 KB) 
• Significant Event Notice - Accumulation members - April 2023 (132.85 KB)

2024/2025 Annual Report 

Download legalsuper’s most recent Annual Report, for the 2024/25 financial year here:  

• Annual Report 2024/25 (9.23 MB)

Annual Report archive

• Annual Report 2023/24 (7.30 MB)
• Annual Report 2022/23 (8.58 MB)
• Annual Report 2021/22 (3.24 MB) 

• Annual report 2020/21 (2.44 MB)
• Annual report 2019/20 (10.81 MB)

2025 Annual Members’ Meeting 

The Annual Members’ Meeting will be held on Thursday 4 December 2025.

For more information, or to register for the event please click here. 

2024 Annual Members' Meeting 

The Annual Members’ Meeting was held on Thursday, 5 December 2024.

• View a recording of the Annual Members’ Meeting 2024
• Read the minutes from the Annual Members’ Meeting 2024

The Trustee outsources most operations to expert service providers. Regular tenders are undertaken to ensure the best services and products available in the market are delivered to legalsuper's members and employers.

Fund administrator

• Australian Administration Services Pty Limited being a part of MUFG Pension & Market Services Holdings Pty Limited (MUFG). ABN: 62 003 429 114 (all administration enquiries and processing including receipting and allocating of contributions and payment of benefits)

Communications

• The Creative Works Pty Ltd. ABN 56 006 243 027 (develops member and employer communication material)

Custodians

• The Northern Trust Company ABN 62 126 279 918 (custodian for the majority of investments assets) and
• BNP Paribas Securities Services ABN 87 149 440 291 (custodian for a single investment asset class) 

Investment Advisors and Managers

• legalsuper has appointed specialist investment advisors and managers to manage the assets invested with legalsuper. Investment advisors and managers currently appointed are listed here.

Insurer

• The insurer is OnePath Life Limited ABN 33 009 657 176 up until 31 July 2022 and on and from 1 August 2022 will be Zurich Australia Limited ABN 92 000 010 195 (the “Insurer”). (Death, TPD and salary continuance insurance)

Corporate

• PricewaterhouseCoopers ABN 52 780 433 757 (Tax Adviser)
• Deloitte ABN 34 112 958 031 (External auditor)
• PricewaterhouseCoopers ABN  52 780 433 757 (Internal auditor)
• Hall & Wilcox ABN 58 041 376 985
• Holding Redlich ABN 15 364 527 724; and
• Maddocks ABN 63 478 951 337 (legal advisers)

Direct Investment option platform

Provided by FNZ (Australia) Pty Limited ABN 67 138 819 119

IT services

Provided by Nerds on Time ABN 35 619 036 332

The following document contains a list of outsourced Service Providers that legalsuper has deemed as Material Service Providers.

Material Service Providers