The QSuper Board and Sunsuper Pty Ltd announced that they had signed a Heads of Agreement to merge and create an AUD 200 billion (US$ 154 billion) superannuation fund, servicing two million members and open to all Australians. Under the Heads of Agreement, both organisations will continue to work together to agree the merged organisation's structure and how operations will deliver material benefits to each fund's membership, with details to be shared with members of each fund during the coming months.

The merger is planned to proceed in September 2021.