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  • Securing retirement income


    We administer aspects of Australia's superannuation system to help secure retirement income. This includes helping reunite people with their lost or unclaimed superannuation accounts, making co-contribution payments, following up on unpaid superannuation guarantee, managing contribution limits and regulating self-managed superannuation funds.

    Highlights

    • Over 1.3 million searches were undertaken through SuperSeeker, with around 390,000 searches successfully identifying nearly $1.9 billion in superannuation accounts
    • Developed the superannuation data and payments standards and from 1 July 2013, all Australian Prudential Regulation Authority (APRA) regulated funds and retirement savings account providers must use this standard to receive rollovers
    • Launched the Super – your money, your future advertising campaign

    Looking ahead

    • Improve the online tool, SuperSeeker and implement other changes to help people locate and manage their superannuation accounts
    • Help funds and employers understand new data payment standards for electronic rollovers and contributions
    • Focus on self-managed superannuation funds (SMSFs) misusing the concessional tax environment
    • Consult and co-design with stakeholders on the administrative design of superannuation measures, research and communication strategies

    100 people and their super

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    Last modified: 10 Oct 2014QC 42717