Commonwealth Superannuation Corporation

Chief Investment Officer Alison Tarditi leads the investment team and reports to CEO Damian Hill. The Board — chaired by Janet Torney as of March 2025 — sets the strategic asset allocation and risk appetite, but direct and co-investment decisions are executed by the internal investment team rather than outsourced to consultants.

CSC sources direct infrastructure through co-investment partnerships, most notably alongside the Future Fund and Infratil. The CDC and Amplitel deals followed this pattern — CSC enters as a long-term equity partner in assets where another institution has led the investment process, then retains ownership over multi-decade horizons without pressure to exit.

No. CSC serves a closed pool of Australian federal public servants, military personnel, and certain statutory office holders. It cannot accept new members from outside those defined groups, which means its asset base grows only through investment returns and existing member contributions — not market-share expansion.

CSC is a corporate Commonwealth entity — wholly government-owned but operationally independent. The government appoints its Board and sets the legislative framework, but day-to-day investment decisions are made internally. The relationship is more akin to a statutory authority than a government department.

Yes. While infrastructure and real estate dominate the portfolio, CSC has a venture capital allocation strategy. The specific venture portfolio is less publicly disclosed than the direct infrastructure positions, reflecting the fund's broader pattern of opacity where commercial sensitivity permits.

Both are government-linked pools of Australian capital that co-invest in infrastructure. The Future Fund was established to meet future public sector superannuation liabilities for unfunded schemes, while CSC directly manages the assets of existing funded defined-benefit and accumulation schemes. The Future Fund has a more diversified, globally liquid mandate; CSC runs a heavier allocation to directly held Australian infrastructure and property.

None. As a statutory pension trustee, CSC's sole mandate is to serve member retirement outcomes. There is no associated foundation, grant-making arm, or impact-investing carve-out beyond what might be embedded in its renewable energy positions like the Macarthur Wind Farm.