Australians continue to invest in the production of nuclear weapons through their superannuation. In 2023, major superannuation funds invested at least $3.4 billion in companies that produce the worst weapons of mass destruction.

In January 2021, the UN Treaty on the Prohibition of Nuclear Weapons (TPNW) entered into force, finally making nuclear weapons illegal under international law. This report examines the policies of the largest Australian superannuation funds, highlighting their investments in companies involved in nuclear weapons development, production and maintenance (nuclear weapons companies).