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About us

Our History

ASG has been supporting the education aspirations of Australian and New Zealand parents and their children for more than 40 years.
ASG is a member-owned mutual organisation that strives to enhance the opportunity for children to gain a complete education. ASG is regulated by the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC).
Today, ASG has more than $A1.48 billion in funds under management and has enrolled more than 520,000 children.

Investment Returns

ASG invests with a range of professional and experienced investment managers for different asset classes and use external asset consultants to implement a conservative, balanced approach designed to provide long-term growth and security.
ASG’s investment of member funds performed particularly well in the 2016-2017 financial year when compared to other balanced funds, term deposits and cash investments. The bonus rate return was 5.70% for The Education Fund (TEF) and 5.40% for the Supplementary Education Program (SEP) members. The bonus rate return for the Pathway Education Fund (PEF) in Australia was annualised at 4.75%.
During the year, ASG paid out $260 million in education benefits and scholarship payments to our members.


ASG is committed to supporting a range of education and community initiatives for children, parents, teachers and educators.
ASG is a proud partner with Monash University’s Faculty of Education and The Smith Family and has developed a number of community initiatives, including the ASG National Excellence in Teaching Awards.
ASG also provides the opportunity for our member’s children to experience life as an astronaut at NASA’s space camp in the USA, and get creative with ASG’s Junior Art Awards and Literary Achievement Awards.

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ABN 21 087 648 879 – Australian Financial Services License No 236665
Australian Credit License 236665
Copyright 2017 Australian Scholarships Group Friendly Society Limited
Registered Office: 23-35 Hanover Street Oakleigh