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MySuper

Legislation providing for default superannuation products called 'MySuper' was enacted in 2012. MySuper products will eventually replace existing default superannuation accounts.

From 1 January 2014, only funds offering a MySuper product have been eligible to receive contributions from employers on behalf of employees who have not chosen a superannuation fund.

MySuper products have a simple set of product features which enable members, employers and market analysts to compare funds more easily based on a few key differences.

The below links provide assistance in understanding MySuper policy and law. For details on a specific MySuper product, approach your superannuation fund.

Moneysmart website - MySuper

APRA website – registrable superannuation entities

Australian Taxation Office website - MySuper

ASIC website – Stronger Super

Legislation

Comlaw website - Superannuation Legislation Amendment (MySuper Core Provisions) Act 2012

Comlaw website - Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Act 2012

Comlaw website - Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Act 2012

Comlaw website - Superannuation Legislation Amendment (Service Providers and Other Governance Measures) Act 2013

Regulations

Comlaw website - Superannuation Legislation Amendment (MySuper Measures) Regulation 2013

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Contact the Treasury

Telephone +61 2 6263 2111 or
1800 020 008 (Switchboard, 8.00 am to 5.30pm AEST)
Facsimile: + 61 2 6263 2869
Email Us
ABN: 92 802 414 793