Commonwealth Superannuation Corporation Annual Report 2024–25

Annual report 2024-25 · Commonwealth Superannuation Corporation (CSC) · Commonwealth · Published 20 November 2025

Total expenses: $194.9 million
Ongoing staff: 586

Official source

Transparency Portal data for this report (JSON)

transparency.gov.au

Published headline figures

Income statement extract

Total expenses: $194.9 million (194,857 in $'000)
Employee benefits: $102.2 million (102,206 in $'000)
Suppliers: $84 million (84,043 in $'000)
Revenue from government: $0 (0 in $'000)
Own-source income: $195 million (195,037 in $'000)

Income statement table on the Transparency Portal (JSON)

Staff

Ongoing staff: 586 people
Ongoing staff table on the Transparency Portal (JSON)

Staff numbers are headcounts as published in the all ongoing and all non-ongoing employee tables, not full-time equivalents.

Published disclosure tables 3

Information about remuneration for key management personnel19 rows · Unit: dollars; band averages are per person in the band

Source table on the Transparency Portal: Information about remuneration for key management personnel · Licence entity-copyright

Key management personnel remuneration is reported on an accrual basis for the period each person held the role, so part-year amounts are not annual salaries.

Name	Position	Base salary	Bonuses	Other benefits	Superannuation	Long service leave	Termination	Total
Ariane Barker	Director	74,796	0	0	8,611	0	0	83,407
Juliet Brown	Director	83,871	0	0	9,658	0	0	93,529
Melissa Donnelly	Director	83,871	0	0	12,916	0	0	96,787
Lee Goddard	Director	82,947	0	0	9,550	0	0	92,497
Andrea Hall	Director	92,936	0	0	10,702	0	0	103,638
Jacqueline Hey	Director	74,796	0	0	8,613	0	0	83,409
Garry Hounsell	Chair (until 31 December 2024)	79,078	0	0	9,094	0	0	88,172
David Mulhall	Director	89,948	0	0	10,357	0	0	100,305
Janet Torney	Chair (from 31 March 2025)	39,539	0	0	4,571	0	0	44,110
Alistair Waters	Director	74,796	0	0	11,519	0	0	86,315
Paul Abraham	Executive Manager, Investment Operations (until 27 April 2025)	274,772	91,085	0	24,808	12,159	0	402,824
Catharina Armitage	Executive Manager, People (until 27 April 2025) Chief People Officer (from 28 April 2025)	352,625	104,504	0	30,115	18,119	0	505,363
Robert Firth	Chief Risk Officer	389,187	0	0	30,892	17,256	418,350	855,685
Damian Hill	Chief Executive Officer	993,233	210,494	108,189	30,115	31,772	0	1,373,803
Andrew Matuszczak	Chief Transformation and Information Officer	482,817	131,720	0	30,115	16,621	0	661,273
Adam Nettheim	Chief Customer Officer	409,927	117,320	0	30,115	16,334	0	573,696
Alana Scheiffers	General Counsel (until 27 May 2025)	358,590	0	0	29,192	13,962	469,594	871,338
Alison Tarditi	Chief Investment Officer	881,349	940,435	174,480	30,115	63,449	0	2,089,828
Andy Young	Chief Operating Officer	520,481	146,847	29,700	30,115	33,559	0	760,702

Information about remuneration for senior executives9 rows · Unit: dollars; band averages are per person in the band

Source table on the Transparency Portal: Information about remuneration for senior executives · Licence entity-copyright

Senior executive and other highly paid staff rows are bands with a count and averages, not individuals. Never multiply or add averages across bands, bodies or years.

Pay band	People	Average base salary	Average bonuses	Average other benefits	Average superannuation	Average long service leave	Average termination	Average total
395001 - 420000	1	274,772	91,085	0	24,808	12,159	0	402,824
495001 - 520000	1	352,625	104,504	0	30,115	18,119	0	505,363
570001 - 595000	1	409,927	117,320	0	30,115	16,334	0	573,696
645001 - 670000	1	482,817	131,720	0	30,115	16,621	0	661,273
745001 - 770000	1	520,481	146,847	29,700	30,115	33,559	0	760,702
845001 - 870000	1	389,187	0	0	30,892	17,256	418,350	855,685
870001 - 895000	1	358,590	0	0	29,192	13,962	469,594	871,338
1370001 - 1395000	1	993,233	210,494	108,189	30,115	31,772	0	1,373,803
2070001 - 2095000	1	881,349	940,435	174,480	30,115	63,449	0	2,089,828

Information about remuneration for other highly paid staff19 rows · Unit: dollars; band averages are per person in the band

Source table on the Transparency Portal: Information about remuneration for other highly paid staff · Licence entity-copyright

Senior executive and other highly paid staff rows are bands with a count and averages, not individuals. Never multiply or add averages across bands, bodies or years.

Pay band	People	Average base salary	Average bonuses	Average other benefits	Average superannuation	Average long service leave	Average termination	Average total
260000 - 270000	6	190,718	39,741	0	29,134	4,533	0	Not stated
270001 - 295000	15	197,048	28,481	4,517	29,680	8,705	11,736	Not stated
295001 - 320000	7	231,924	34,624	0	32,534	7,669	0	Not stated
320001 - 345000	4	223,076	57,061	0	39,428	9,068	0	Not stated
345001 - 370000	3	273,582	41,838	0	29,849	5,531	0	Not stated
370001 - 395000	6	256,404	69,472	11,150	36,828	10,784	0	Not stated
395001 - 420000	1	287,185	59,332	12,199	30,115	11,596	0	Not stated
420001 - 445000	1	225,436	153,962	0	42,042	7,383	0	Not stated
445001 - 470000	1	348,162	70,128	0	30,115	11,521	0	Not stated
470001 - 495000	4	346,940	81,480	0	37,641	18,367	0	Not stated
620001 - 645000	3	298,145	297,066	0	30,115	13,238	0	Not stated
645001 - 670000	1	324,540	279,626	0	40,348	12,856	0	Not stated
670001 - 695000	1	301,683	319,739	0	58,427	11,237	0	Not stated
695001 - 720000	1	347,952	323,400	0	30,115	12,155	0	Not stated
745001 - 770000	2	362,547	352,038	0	30,115	13,076	0	Not stated
820001 - 845000	1	380,383	409,080	0	30,115	19,710	0	Not stated
870001 - 895000	2	410,411	417,810	0	30,115	29,196	0	Not stated
970001 - 995000	1	469,843	468,930	0	30,115	17,577	0	Not stated
1020001 - 1045000	1	509,652	468,930	0	30,115	23,368	0	Not stated