The Bank made key acquisitions during this time, most notably Colonial Limited (more commonly known as Colonial First State) in 2000. This had a significant and positive effect on our fund, boosting membership to a total of 48,015 with the transfer of the Colonial Group Staff Superannuation Scheme. Similarly, a further 6,000 members joined our fund in 2013, following the Bank's acquisition of Bankwest and the merger of the Bankwest Staff Superannuation Scheme into our fund.
Australian workers were granted greater control over where their super was paid with the introduction of choice of fund laws in 2005. Our fund adapted with enhanced product flexibility and member services to ensure we remained competitive with other funds and continued to offer our members a value-for-money fund.
2012 was another milestone for our fund, rebranding from the Officers' Superannuation Fund to Commonwealth Bank Group Super.
Changing our fund name and logo to more closely align with the strong Commonwealth Bank brand were key elements of our rebranding. But more importantly the rebrand opened up opportunities for us to better engage with our members and provide the right information and tools to help them make the most of their savings for the future.