We're working for a better future

We've played a major role in shaping the super system, especially industry super funds, something we’re extremely proud of.

The primary purpose of LUCRF Super (also referred to as the Fund) is to maximise the retirement benefits of its members.

To achieve this, the Trustee must ensure the Fund is well governed.

Read our Governance Statement

The Trustee

The Trustee of LUCRF Super is L.U.C.R.F Pty Ltd. The Trustee holds a Registrable Superannuation Entity (RSE) licence from the Australian Prudential Regulation Authority (APRA) and an Australian Financial Services Licence (AFSL) issued by the Australian Securities and Investment Commission (ASIC).

This allows the Trustee to provide financial product advice to its members. The Trustee also holds indemnity insurance to protect the Fund from legal action.

LUCRF Super is governed by a Trust Deed, which is a legal document that sets out the rules for running a super fund, and what the Trustee can and can’t do. 

Read our Trust Deed.

Board of Directors

The Board Charter describes the process and the procedures applied by Directors to meet their accountabilities and ensure the Fund is well managed and is in the best interests of its members.

Read our Board Charter.

Register of relevant duties and interests

The Trustee maintains a Register of Relevant Duties and Relevant Interests for itself, its responsible persons and associates.

A relevant duty is, for example, other Directorships or employment that an individual may hold, and a relevant interest is, for example, major shareholdings.

Relevant duties and relevant interests will be disclosed in the register for as long as the Trustee, responsible person or associate has the relevant duty or interest.

Read our Relevant Duties and Relevant Interests Table.

Conflicts management policy

LUCRF Super has developed a conflicts managements framework that identifies, avoids and manages conflicts of duty and interest. A policy is in place which reflects the Trustee’s legal and regulatory obligations and the Trustee’s commitment to the interests of beneficiaries. It applies to the entirety of its business operations. The policy includes examples of conflict situations, the process if a conflict does arise, declarations which are made on an annual basis and details of determining a relevant duty and interest.

Read our Conflicts Management Policy.

Whistleblower policy

LUCRF Super recognises the value in developing and fostering a culture of corporate compliance, ethical decision-making and protecting eligible whistleblowers.

Read our Whistleblower Protection Policy.

Annual Report & Financial Statement

As an industry fund, our sole purpose is to look after members' interests. We don't have shareholders that we have to share profits with, therefore more profit goes to our members.

Read our latest Annual Report and Financial Statement.

Member Outcomes Assessment

We're proud to provide our member outcomes assessment for 2020. This report demonstrates how our MySuper Balanced and other investment options, products and services have promoted the financial interests of members and are expected to continue to do so going forward. To read the report, click here.

Annual Performance Assessment

Our MySuper Balanced (default) product has not met the performance requirement in the APRA Annual Performance Assessment for the period ending 30 June 2021.

The Australian Prudential Regulation Authority (APRA) has given L.U.C.R.F Pty Ltd ABN 18 005 502 090 as trustee for Labour Union Co-operative Retirement Fund a notification of a determination under subsection 60C(2) of the Superannuation Industry (Supervision) Act 1993 that the requirement in subsection 60D(1) of the Act relating to performance has not been met for the MySuper product offered by L.U.C.R.F Pty Ltd, in relation to the financial year ending 30 June 2021.

APRA had not given L.U.C.R.F Pty Ltd a notification of another determination under subsection 60C(2) of the Superannuation Industry (Supervision) Act 1993 that that requirement had not been met for the MySuper product offered by L.U.C.R.F Pty Ltd, in relation to the previous financial year.

Learn more.

Our service providers

We delegate some of the specialist work in administration and financial management to reputable organisations with expertise in their field.


JP Morgan Chase Bank
JP Morgan Chase Bank
Commonwealth Bank of Australia
Group Life Insurer
OnePath Life
Asset Consultant
Frontier Advisors
Tax Advisor
Legal Advisors
HWL Ebsworth Lawyers
Legal Advisors
Holding Redlich
Legal Advisors
Arnold Bloch Leibler
Eligible Rollover Fund

Significant Event Notices

We have a responsibility to tell our members about material changes to the Fund that may affect their account.

This could be a change to fees and costs, a change to insurance cover or premiums, or where a member’s benefit may be transferred without their consent. The message sent out to affected members, telling them about the decision and its impact, is called a significant event notice. We usually communicate these notices via our LUCRF Super newsletters.

Timing of significant event notices:

  • Change or event that does not relate to an increase to a fee or charge will be sent as soon as possible, but not later than three months after the change or event occurs, or
  • Change or event that does increase a fee or charge will be sent at least 30 days before it occurs.

September 2021 - Contribution Rules

Changes to contribution rules

The limits of how much you can contribute or transfer into super have increased, and the eligibility criteria for the government co-contribution have changed.

View the SEN here

September 2021 - Jockeys Super

From 1 October 2021, licensed jockeys will now be part of LUCRF Super’s main accumulation product, provided under Super Member Guide – Product Disclosure Statement (PDS).
View the SEN here

September 2021 - Woolworths NSW Super

From 1 October 2021, Woolworths NSW members will now be part of LUCRF Super’s main accumulation product, provided under Super Member Guide – Product Disclosure Statement (PDS).
View the SEN here

April 2021 - Pension Bonus

Introducing the Pension Bonus

From 1 April 2021, eligible members who open a new Retirement Pension account could receive a pension bonus amount credited to their opening balance.

View the SEN here.

April 2021 - Insurance cover

Changes to our insurance 

From 1 April 2021, we'll be making changes to our insurance cover.

View the SEN here.

October 2020 - Investment options

Our investment options are changing

We're making some important changes to our range of investment options on 8 October 2020 to give you greater choice, flexibility and more lower-cost ways to help grow your retirement savings.

To view the SEN click here.

March 2020 - Insurance cover

Putting Members’ Interests First

From 1 April 2020, the Federal Government’s new Putting Members’ Interests First (PMIF) legislation will be introduced into Australia’s superannuation system. The changes have been made to encourage super members to consider whether the insurance they have with their super fund is right for their needs. To view the SEN, click here.


Individual correspondence to all active members as at 19 March 2020.

September 2019 - Insurance cover

LUCRF Super Insurance Significant Event Notice

This Significant Event Notice (SEN) explains the changes we have made to the insurance we offer members, which includes how members who have their insurance cancelled due to 16 months of inactivity can recommence their insurance with us.

To view the SEN, click here


Individual correspondence to all members as at 1 July 2019 including:

  • Active members
  • Exited members
  • Deceased members
  • Members who do not have any insurance with LUCRF Super

June 2019 - Insurance cover

Correcting Insurance SEN and General Insurance SEN

To acknowledge and correct a mistake that was made in a SEN that was sent to members dated 13 April 2019 and provide further information regarding changes to LUCRF Super’s insurance cover from 1 July 2019, we’re sending members two SENs. To see the SENs and the changes read more here.

May 2019 - Insurance cover

Amending information previously provided

For members over 50 whose Death Only cover will be reduced and premiums increased from 1 July 2019, we’re offering two new options. To read the options and SEN click here

May 2019 - Insurance cover

Changes to Death & Total and Permanent Disablement (TPD) and Death Only Fixed Amount insurance cover – regardless of age. Read the change here.

May 2019 - Insurance cover

Changes to Death & Total and Permanent Disablement (TPD) and Death Only Fixed Premium insurance cover – under 33 with Death & TPD, and under 26 with Death Only. Read more.

April 2019 - Insurance cover

Cancellation of your Insurance Cover on your superannuation account. Read more.

April 2019 - Inactive accounts

Eligible rollover fund. Read more.

October 2018 - Fee reduction

Our variable administration fee reduced from 0.22% to 0.18% per annum of your account balance. Read more.

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