TG advises Club Super on its merger with Host-Plus

30 September 2019

News

Thomson Geer has advised Club Super on its merger with Host-Plus. Club Super’s 22,000 members along with $600 million of Funds Under Management will be transferred to Host-Plus on 1 November 2019. The lead lawyers advising on the deal were Partner, Scott Charaneka and Lawyer, Lincoln Rodgers.

Club Super is a Queensland-based hospitality industry fund with 22,000 members and $600 million of funds under management.

Host-Plus is Australia’s top-performing industry superannuation fund, with 1.2 million members and $42 billion in funds under management.

Both funds believe their combined strengths can provide better outcomes for their members, with Club Super Chair, Sharron Caddie, saying that the merger will “actively help to bring enhanced services and benefits to our members and employees, while continuing to recognise and support the community and sporting clubs they work so tirelessly in.”

This is the latest in a string of Super fund mergers this year in the wake of the Hayne Royal Commission, and with Super Funds seeking to deliver improved member outcomes.