SUPER SA

In reply to the Hon. I.F. EVANS (Davenport) (28 June 2013).

The Hon. M.F. O'BRIEN (Napier—Minister for Finance, Minister for Police, Minister for Correctional Services, Minister for Emergency Services, Minister for Road Safety): The value of assets under management of the Super SA pension and lump sum schemes declined by $135,236,000 during the 2011-12 year.

The corresponding figure for the 2012-13 year is an increase in the value of assets under management of $465,567,000.

The increase was due to investment earnings exceeding net cash flows and serves to counteract the decline of the previous year.