ATO
In addition to our other revenue collection and taxation responsibilities, the Australian Taxation Office (ATO) plays a big part in the super system.
We can help you with:
- compulsory employer contributions
- other contributions and co-contributions
- keeping track of your super
- accessing your super benefits.
We have a regulatory role in relation to self-managed super funds (SMSFs). This is a parallel role to the regulation of other funds by APRA.
Super funds also have important reporting and administrative obligations to us.
For more information, refer to:
APRA
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the Australian financial services industry, including super funds. It supervises all regulated funds other than self-managed super funds. These funds are known as APRA funds.
APRA identifies actual or potential problems that may threaten a fund member's benefits. It reviews the operation of funds and their trustees, and requires funds to lodge annual returns for compliance with legislative requirements. It also takes an active role in educating fund trustees.
ASIC
The Australian Securities & Investments Commission (ASIC) enforces and regulates company and financial services laws to protect consumers, investors and creditors.
ASIC ensures you receive adequate information to make informed decisions about super products and services. Their MoneySmart website provides free, independent guidance so you can make the best choices for your money.
Human Services
The Department of Human Services delivers a number of super and retirement related functions:
- government pensions, including the age pension - you may qualify for a partial age pension in addition to your own self-funded super
- the Small business superannuation clearing house - a free online super payments service that helps small businesses with 19 or fewer employees meet their super guarantee obligations
- assessing applications on compassionate grounds for the early release of super.
DVA
The Department of Veterans' Affairs (DVA) administers government pensions, allowances and benefits to entitled veterans. You may qualify for a pension paid by the DVA in addition to your own self-funded super.
Last Modified: Monday, 3 September 2012