In September 2018, ISA arranged a deal by 19 industry super funds to consolidate superannuation accounts of all of their members. Involving half a million inactive accounts containing few funds, it is estimated that it may collectively save its members around a year in what they would otherwise pay in fees and
life insurance premiums. All members of ISA, as well as REST, Equipsuper and First State Super, have signed up to the deal. All inactive accounts containing less than are now automatically rolled into a central pool, managed by a specialist fund called AUSFund. If any active accounts exist for the member in question with any of the funds, the money in the inactive account is automatically transferred into that fund. == Submissions and representations ==