House of Assembly Fifty-Fifth Parliament, First Session (55-1) 55 1 Parliament of South Australia House of Assembly published Estimates Replies Super SA Super SA In reply to Mr COWDREY House of Assembly Colton Super SA In reply to Mr COWDREY (Colton) (29 June 2023). (Estimates Committee B) The Hon. S.C. MULLIGHAN House of Assembly Lee Treasurer Minister for Defence and Space Industries Super SA The Hon. S.C. MULLIGHAN (Lee—Treasurer): I have been advised the following: 1.	As of 16 July 2023: 1,936 members have made a fund selection; and $118.68 million has been transferred out of Triple S by members still employed by the South Australian government. 2.	The cost of implementing fund selection is projected to be $4,231,168. 3.	Super SA does not collect specific data relating to the funds that members are selecting/moving to or their reason for moving. However, from roll-over information the following is known: 27 per cent transferred to self-managed superannuation fund schemes. 30 per cent transferred to wrap accounts (typically managed by financial advisers) 13 per cent transferred to Australian Super; and 30 per cent transferred to other retail and industry funds. 4.	The average age of members who made a fund selection is 39 years of age.