Keeping you informed

Yes. For the year ended 30 June 2026, the Balanced Growth (MySuper) investment option delivered a positive return of 5.89%. This was over 2% above inflation (CPI) of 3.8% over the same period.

BUSSQ continues to operate as normal.

The annual performance test result relates to the performance of the Balanced Growth (MySuper) investment option and does not affect BUSSQ's ability to accept new members or support current members.

BUSSQ’s Balanced Growth (MySuper) product did not pass the performance test by 0.022 percentage points. However, regardless of the margin, BUSSQ takes the performance test result seriously and is focused on the actions already undertaken to improve outcomes for members.

The annual performance test assesses a super product’s investment performance after fees over a period of time, in this case the last 10 years.

Effectively, the test is in two-parts:

• investment performance relative to a benchmark portfolio based on the investment option’s strategic asset allocation set by BUSSQ; and

• administration fees charged in the last financial year relative to the median fee charged by superannuation funds for the same category of investment option.

Products that deliver investment returns after fees more than 0.5% below the combined benchmarks over the last 10 years are classified as underperforming.

The test aims to measure how well BUSSQ has implemented the strategic asset allocation that it has set, by comparing the product’s investment return to a passively invested benchmark (hypothetical product) with the same strategic asset allocation.

The test does not measure the overall level of investment returns and does not directly measure the performance of a product against the products of other super funds.

BUSSQ’s Balanced Growth (MySuper) investment option did not meet the required level of investment returns after fees as determined under that test. This means that BUSSQ is required to notify all members invested in this option that the test was not met. A notice will be sent to these members by 24 September 2026. This will explain to these members what their options are.

The benchmark is made up of different indices to reflect the different assets the portfolio is invested in and the median fees and costs of similar products. Market indices track how different parts of the investment market perform.

APRA calculates the benchmark using recognised market indices for each asset class. For example, Australian shares are measured against the S&P/ASX 300 Total Return Index. For BUSSQ’s Balanced Growth (MySuper) investment option, this figure is then applied as the benchmark for the percentage of the portfolio that is invested in Australian shares, with other asset classes measured against similar market indices. Those indices, and their allocation to the portfolio, form the investment performance benchmark used in APRA’s annual performance test assessment.

The performance test also assesses a product’s administrations fees and costs against a benchmark that represents the median administration fees and costs for comparable super products. APRA’s assessment of the fund’s performance against these various benchmarks makes up the performance test each year.

If you would like to learn more about APRA's annual performance test, including how the benchmark is calculated and the published 2026 results, you can visit APRA's Comprehensive Product Performance Package 2026 webpages on the APRA website. These resources include information about the performance test methodology, industry results and product performance measures.

We provide members with quarterly updates on BUSSQ’s Balanced Growth (MySuper) investment performance, and monthly investment performance results for all investment options are published to the website at Investment performance - see how your super is growing.

We made changes to our investment strategy in December 2025 to improve the way the Balanced Growth (MySuper) investment option is managed. These changes are intended to improve our performance outcomes. We’ll continue to monitor our investment portfolio closely and make further changes where needed, with a focus on ensuring the approach is fit for purpose for our members.

There is no impact on the security of your account balance.

Members can switch investment options at any time. We have a range of investment options to choose from. Investment options - choose the best option for you.

Yes. This communication is genuine. BUSSQ is required to notify members invested in the Balanced Growth (MySuper) investment option when the option does not meet the annual performance test requirements. Notifications are being issued by post, and email.

You have done the right thing, if you are ever unsure whether a communication (call, text, email or letter) is legitimate:

• Contact us directly on 1800 692 877 before clicking links, opening attachments or providing personal information.

Members should consider all available information when deciding whether any changes are appropriate for their circumstances.

You can change funds at any time. Switching super funds is easy and there are no exit fees. The YourSuper comparison tool can be found on the Australian Tax Office (ATO) website.

If you’re considering a change, you should take into account the benefits of any insurance cover you hold with BUSSQ. If you decide to change your super fund, any cover you have with BUSSQ may cease.

If you are considering making changes to your super in BUSSQ, there are other investment options available in the BUSSQ Investment Option menu, which you can view at Investment options - choose the best option for you or in the Product Disclosure Statement.