financial services
IndustryReferenced in 3 bills
Trusts Bill 2025
This bill replaces Queensland's 50-year-old trust law with modern legislation. It clarifies the powers and duties of trustees, makes it easier to replace trustees who die or become incapacitated, and gives beneficiaries clearer rights to see how their trust is being managed.
State Financial Institutions and Metway Merger Amendment Bill 2024
This bill ensures Suncorp remains headquartered in Queensland after selling its banking business to ANZ. It updates existing legislation to require Suncorp's insurance business to maintain its registered office, head office, key corporate functions, and at least one board director in Queensland.
Superannuation (State Public Sector) (Scheme Administration) Amendment Bill 2021
This bill enables the merger of QSuper and Sunsuper to create Australia's second-largest superannuation fund, managing around $200 billion. It restructures how the fund is governed while protecting existing benefits for Queensland public sector employees.