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Superannuation

Treasury's policy advice on superannuation issues falls into three broad categories:

Retirement income policy

Treasury is responsible for advising on broad features of retirement income policy, including the objectives, adequacy and overarching framework and design of the superannuation system and proposals for alternative personal savings vehicles. Additionally, it is responsible for modelling and analysis of the impacts of government policy on household units as well as the public finance consequences of demographic trends and population ageing. The Retirement Income Modelling website is http://rim.treasury.gov.au.

Prudential policy

Treasury advises the Government on policy for the prudential regulation of superannuation, as well as for the financial sector as a whole. Treasury works closely with the prudential regulator, the Australian Prudential Regulation Authority (APRA). APRA's role with respect to superannuation is to ensure that trustees are aware of their obligations to members and manage the funds in their care prudently in the interests of members.

Consumer protection

Treasury is responsible for providing advice to the Government on consumer protection for individual members of superannuation entities. Treasury works closely with the financial services consumer protection and market integrity regulator, the Australian Securities and Investments Commission (ASIC). ASIC's role is to promote the confident and informed participation of consumers in the financial system. ASIC also oversights the Superannuation Complaints Tribunal, which provides consumers with access to an effective and expeditious means of redress in the event that they believe that a decision of a trustee or other decision maker is unfair or unreasonable.

Legislation relating to superannuation can be found on this website under Bills, Acts and Legislation.

Superannuation Consultation Papers

Results 1 to 13 of 13
13-04-2005 Superannuation (Financial Assistance Funding) Levy and Collections Regulations 2005
12-01-2005 Choice of Superannuation Fund Regulations — Draft Regulations and Standard Choice Form
03-11-2004 Transition to Retirement Consultation Paper
02-11-2004 Choice of Superannuation Fund Regulations - Consultation Paper
25-05-2004 Consultation on Splitting of Superannuation Contributions regulations
03-05-2004 Draft Amending Superannuation Government Co-contribution for Low Income Earners Regulations
12-12-2003 Draft Government Co-contribution for Low Income Earners Regulations
11-12-2003 Superannuation Safety Amendment Bill 2003 – Consultation on Drafting Instructions for Regulations
14-10-2003 Draft Superannuation Splitting Regulations
03-06-2003 Review of Part 23 of the Superannuation Industry (Supervision) Act 1993
27-05-2003 Draft Portability Regulations
19-09-2002 Portability of Superannuation Benefits
22-07-2002 Splitting of Superannuation Contributions Between Couples - Consultation Paper July 2002

Superannuation Working Group

Results 1 to 6 of 6
28-10-2002 Government Response to SWG Recommendations
28-10-2002 Options for Improving the Safety of Superannuation - Report of the Superannuation Working Group
04-03-2002 Draft Recommendations of the Superannuation Working Group
26-02-2002 Submissions: Superannuation Working Group
27-12-2001 Options for Improving the Safety of Superannuation - Background Paper
02-10-2001 Options for Improving the Safety of Superannuation - Issues Paper

Other Publications

Results 1 to 11 of 11
24-10-2010 Attitudes to Superannuation
13-07-2010 Small Business Superannuation Clearing House
26-02-2009 Fact Sheet - Pension Drawdown Relief for Retirees
03-11-2005 Exposure Draft Regulations - Review of Pensions in Small Superannuation Funds
21-01-2005 Review of the Provision of Pensions in Small Superannuation Funds - Discussion Paper
21-01-2005 Review of the Provision of Pensions in Small Superannuation Funds Website
27-08-2004 Information Sheet - Superannuation Industry (Supervision) Act 1993
07-07-2004 Outcomes of the Review of Part 23 of the Superannuation Industry (Supervision) Act 1993
27-09-2002 A Brief Guide to Super
27-09-2002 Looking at Super... Seeing More
27-09-2002 What's New in Superannuation

Press Releases

Results 1 to 2 of 2
10-10-2000 Press Release No.6 2000 - Family Law Legislation Amendment (Superannuation) Bill 2000
05-02-1999 Press Release No.2 1999 - Memorandum of Understanding Between the Commonwealth Treasury and APRA

Treasury Portfolio Ministers - Link to website MoreSuper  - Link to website Carbon Price Modelling - Link to Website Clean Energy Future  - Link to website Review of compensation arrangements for consumers of financial services - Consultation Paper  - Link to website

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