AustralianSuper's merger with AUST (Q) adds to industry consolidaiton AUSTRALIA'S biggest super fund, Melbourne-based AustralianSuper, has announced a planned merger with Queensland based AUST (Q) Super, adding to the wave of consolidation in the sector. AustralianSuper, which now has about $62 billion in funds under management and has more than two million members, will be joining forces with a state-based operation that has about 17,000 members and $204 million under management.