More information - Superannuation
Australian Securities and Investments Commission
Australian Taxation Office
National Information Centre on Retirement Investments
The Investment and Financial Services Association
Association of Superannuation Funds of Australia
Choosing a superannuation fund
You can find out more about choosing a superannuation fund at the Australian Government's Super Choice website.
A plan to simplify and streamline superannuation
The Government has announced a number of proposals to simplify the superannuation system.
If you have a problem
If you have a problem with your superannuation, contact your fund and explain the issue.
If you're not able to resolve the problem directly with your fund, the Superannuation Complaints Tribunal provides an independent and free conciliation and resolution service.
What kind of fund do you belong to?
There are five main types of superannuation funds.
| Retail funds |
Open to the general public and run by financial institutions. |
| Industry funds |
Open to people in a particular industry or under a particular industrial award. Some industry funds are open to the general public. |
| Corporate funds |
Open to people working for a particular employer or corporation. Many of the costs of operating the fund typically are covered by the employer. Corporate funds generally are not open to the public. |
| Public sector funds |
Open to government employees, or are schemes established by law. |
| Self managed superannuation funds |
Must have fewer than 5 members. All members must be trustees of the fund and responsible for its management. |
Superannuation contributions may also be deposited into retirement savings accounts. These are special accounts offered by banks, building societies, credit unions, life insurance companies and certain financial institutions.