The Woodside Superannuation Fund, which has around $305 million in assets and 2,200 members, is running a tender to outsource its administration and trusteeship.
Fund secretary Ian Thewlis says tender documents were sent to 16 providers, including master trusts and industry funds, in the first week of June. Responses were due by June 30 and according to Thewlis, a short-list is expected to be announced by mid-July.
The fund will notify the chosen party by August after visiting the short-listed candidates.
Super funds are strengthening systems and modelling member benefits ahead of payday super.
The Australian Taxation Office (ATO) has approved real-time payments for superannuation, removing a major hurdle ahead of payday super reforms.
The responsible investment body has emphasised the importance of clear communication as ART takes a substantial shareholding in Tabcorp.
Australian super funds have posted early gains in FY26, driven by strong share market performance and resilient long-term returns.