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Vision Super reviews early learning investment
Fiona Alston
Aug 20, 2025
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Industry super fund Vision Super has confirmed it has divested its $3.3 million stake in early learning provider G8 Education, citing concerns relating to recent abuse allegations, market volatility and increased sector risk.
G8 Education was added to Vision Super’s listed equity exclusions on 27 July 2025, alongside companies involved in tobacco, controversial weapons and other activities deemed inconsistent with the fund’s responsible investment framework.The decision follows charges laid in June against a former G8 employee.
In a statement to media at the time, the company described the allegations as “shocking and distressing”, and confirmed all relevant background checks had been completed during the staff member’s employment. It also undertook two internal investigations.
Vision Super chief investment officer Michael Wyrsch said the divestment reflected a combination of factors, including the impact of the allegations and broader concerns about long-term performance and governance across the sector.
“Our thoughts are with the children and their families,” Mr Wyrsch said. “Our decision to sell the shares reflects the sector’s poor long-term performance, concerns over the implications of the abuse, and heightened regulatory risk.”
The divestment came after a Vision Super member wrote to the fund requesting that it reconsider its investment in G8 Education. The fund confirmed the matter was reviewed and approved by its board, and members have since been notified of the outcome. A G8 Education spokesperson confirmed the company is aware of Vision Super’s decision and understands it followed internal review and board approval.
Vision Super has stated the decision will be formally reviewed after 12 months, consistent with its broader divestment policy. “This does not necessarily mean we will reinvest,” the fund said in its communication to members. “The regulation of the industry would have to have significantly improved for the board to make a decision that the risk was reduced to acceptable levels.”
Other major shareholders in the company include Australian Retirement Trust, Allan Gray and Tanarra Capital. HESTA and several other superannuation funds continue to hold positions in G8 Education, with some confirming they will pursue engagement through the Australian Council of Superannuation Investors.
Vision Super has indicated it will continue to monitor developments in the sector, stating that good governance is “vital in sectors where vulnerable people are being cared for”.
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