TelstraSuper’s member services have ended today as the fund’s merger with Aware Super takes effect, marking the final day members can access TelstraSuper before being moved into one of the country’s largest profit-to-member funds.
The successor fund transfer on 30 April will shift TelstraSuper members into Aware Super automatically, with the combined fund set to manage about $237 billion in retirement savings for around 1.3 million members based on figures disclosed by both funds at 31 December 2025.
The move closes the curtain on TelstraSuper as a standalone super fund, at least from a member-facing perspective, with the fund telling members its services would cease on 30 April as accounts are transferred across to Aware Super.
TelstraSuper had advised members they could continue using SuperOnline and the TelstraSuper app until 5.30pm today, after which member access through TelstraSuper channels would end as part of the transition.
A phased limited-service period began on 17 April and is scheduled to continue until 11 May, when transferred members are expected to begin accessing Aware Super’s broader suite of services.
That transition window means today is not just the legal transfer date for the merger, but also the practical endpoint for TelstraSuper’s direct member servicing, with account access, transactions and support shifting into Aware Super’s systems over the coming days.
Aware Super and TelstraSuper signed the successor fund transfer deed on 16 March, which was the final major milestone needed to complete the transfer within the following two months.
The broader merger process began in July last year, when the two funds signed a non-binding memorandum of understanding to explore a tie-up, before locking in a binding heads of agreement in October and then finalising the successor fund transfer deed in March.
Under the successor fund transfer structure, members did not need to take action for the move to proceed, with balances and benefits transferring automatically on 30 April.
TelstraSuper had also issued Significant Event Notices to members setting out key details of the move, including changes to fees, insurance and investment arrangements.
The transaction follows TelstraSuper’s abandoned merger with Equip Super, which was called off in May 2025 after TelstraSuper’s board determined the expected member benefits were no longer achievable.
Aware Super CEO Deanne Stewart said in March that the signing of the successor fund transfer deed had marked a significant step in the process.
“We have passed a significant milestone in the merger process and are looking forward to welcoming TelstraSuper members to Aware Super.”
“Uniting two of Australia’s foremost retirement experts helps us keep costs low and deliver market leading retirement solutions and investment performance. Together, we will set a new benchmark in retirement outcomes for our members.”
