Updated Aug 28, 2026 – 9.33am, first published at 9.25amBUSSQ, the Queensland construction sector’s superannuation fund with $7.5 billion in retirement savings under management, has failed the financial services regulator’s annual performance test and must write to its members acknowledging the poor return of its default option.It is the first time that any superannuation fund has failed the MySuper test since 2023, which tracks the investment performance of the default, most popular options for members in big funds, according to Australian Prudential Regulation Authority chairman John Lonsdale.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Queensland construction super giant fails APRA performance test
This is the first time that any superannuation fund has failed the MySuper test in three years, with a second failure triggering a stop in new member sign-ups.
108 words~1 min read
