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Change of ownership for Colonial First State

On 1 December 2021, Kohlberg Kravis Roberts & Co. L.P (KKR), became the majority shareholder of
Colonial First State Investments Limited (CFSIL) acquiring 55% ownership. Commonwealth Bank of Australia (CBA) ABN 48 123 123 124 AFSL 234945 has retained 45% ownership.

This change of ownership does not impact how you deal with us or where or how your money is invested. We will continue to be governed by our majority independent Board under Australia’s robust superannuation legislation, and its regulators.

How is your personal information dealt with?

CFSIL and CBA will continue to work closely with each other to help to transition the CFSIL business and information, perform their respective roles relating to your products and to continue to offer you an integrated customer experience.

As part of that agreement, CFSIL and CBA may share some customer information and systems with each other. For example, CBA will continue to enable many CFSIL members to have access to their CFSIL account balances via NetBank and other CBA customer service channels.

This sharing may be for purposes including providing you with customer service, administering your product, handling complaints, updating your details, reporting, aggregated research and analysis, product development, and updating you on products and offers. The sharing helps CFSIL and CBA to understand you better and continue servicing your needs during and following the transition of the CFSIL business.

Sharing information also allows CFSIL and CBA (in some cases each acting as agent for each other) to collect, share and use customer information to meet regulatory requirements such as Anti-Money Laundering requirements so you don’t have to go through the same checks twice.

As the transition of the CFSIL business progresses post separation, CFSIL and CBA will move towards greater separation of their operations, and updates to your information may no longer automatically update across both businesses. Please check when you are updating your details if the updates do or do not carry across to particular CFSIL and CBA products.

CFSIL has a new privacy policy which is available at CBA’s privacy policy continues to be available at


Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the issuer of the FirstChoice range of super and pension products from the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557. CFSIL also issues interests in products made available under FirstChoice Investments and FirstChoice Wholesale Investments. This document may include general advice but does not take into account your individual objectives, financial situation or needs. The Target Market Determinations (TMD) for our financial products can be found at and include a description of who a financial product is appropriate for.  You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. The PDS and FSG can be obtained from or by calling us on 13 13 36.