PRODUCT UPDATE – 1 OCTOBER 2025

Key changes at a glance

New BUSSQ Super account 

BUSSQ MySuper and Premium Choice accounts will be combined into the new BUSSQ Super account. For members with BUSSQ MySuper and Premium Choice accounts: 

• The account name will automatically change to a BUSSQ Super account; 
• Former MySuper account holders will have more insurance and investment options; and 
• The fees and costs, account number, and online login details remain the same. 

 Automatic investment in the Cash option 

For all BUSSQ members, we’ll switch a member’s investment to Cash when we’re notified of their death. This change won’t apply to Income accounts that have a valid Reversionary Beneficiary nomination. 

For BUSSQ Super members, when a claim is paid for Terminal Illness (TI) or Total and Permanent Disability (TPD) this money will be automatically invested in the Cash investment option.   

Strategic asset allocation changes 

For all BUSSQ members, some of the strategic asset allocation (SAA) benchmarks and ranges are changing. The investment option changes are different for each type of BUSSQ account. Full details of the changes will be available online from 1 October 2025. 

 Insurance for non-Australian residents 

BUSSQ Super members who permanently leave Australia or become ineligible to work here will be able to keep their Death, Terminal Illness (TI), and Total and Permanent Disability (TPD) insurance (subject to the terms of the policy). 

Next steps 

You don’t need to do anything. The changes will come into effect automatically on 1 October 2025. 

More information will be sent to you soon. It will also be available on the website, along with the new PDS and Handbook(s) for your account(s), from 1 October 2025.  

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