The Superannuation System

The ATO has a major role in the administration of various aspects of the super system. This section contains the following tables:

Table 43: Superannuation guarantee charge (SGC), 2010–11 to 2012–13 financial years
Table 44: Superannuation holding accounts special account, 2010–11 to 2012–13 financial years
Table 45: Superannuation lost members register account, 2010–11 to 2012–13 financial years
Table 46: Superannuation unclaimed, 2010–11 to 2012–13 financial years
Table 47: Superannuation self-managed super funds, 2010–11 to 2012–13 financial years
Table 48: Superannuation co-contribution entitlements determined and paid, 2010–11 to 2012–13 financial years
Table 49: Superannuation excess contributions tax, 2010–11 to 2012–13 financial years
Table 50: Superannuation surcharge, 2010–11 to 2012–13 financial years

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Superannuation

Table 43: Superannuation guarantee charge (SGC), 2010–11 to 2012–13 financial years
	2010–11	2011–12	2012–13
SGC net cash collections ($m)	269	323	338
Entitlements distributed ($m)	258	295	312

Note- Entitlements distributed: this includes amounts transferred to the superannuation holding accounts special account.

Table 44: Superannuation holding accounts special account, 2010–11 to 2012–13 financial years
	2010–11	2011–12	2012–13
Value of deposits ($m)	4.1	9.1	10.3
Number of accounts > $0	175,770	164,615	160,210
Total value of accounts ($m)	71.8	68.3	62.1

Table 45: Superannuation lost members register account, 2010–11 to 2012–13 financial years
	2010–11	2011–12	2012–13
Total accounts at 30 June (m)	5.0	3.4	2.5
Uncontactable accounts (m)	3.5	2.0	1.4
Inactive accounts (m)	1.5	1.4	1.1
Closing value at 30 June ($b)	20.2	16.8	16.8
Value of uncontactable accounts ($b)	12.1	9.0	8.4
Value of inactive accounts ($b)	8.1	7.8	8.4

Table 46: Superannuation unclaimed, 2010–11 to 2012–13 financial years
	2010–11	2011–12	2012–13
Accounts at 30 June (m)	2.3	2.8	3.6
Closing value at 30 June ($m)	730	887	2,086

Table 47: Superannuation self-managed super funds, 2010–11 to 2012–13 financial years
	2010–11	2011–12	2012–13
Funds (no.)	442,985	478,265	509,360
Members (no.)	846,225	913,550	963,850
Assets ($m)	423,232	438,995	505,542

Note-Members and assets: these are estimates based on ATO data. All 2010–11 and 2011–12 figures have been updated.

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More detailed statistics relating to self-managed super funds are available on the Super section of our website SMSF – detailed statistics

Table 48: Superannuation co-contribution entitlements determined and paid, 2010–11 to 2012–13 financial years
	2010–11	2011–12	2012–13
Number	1,097,135	1,035,795	922,100
Amount ($m)	679	602	526

Note-Number and amount: these relate to personal contributions made in previous income years. The amount figures refer to payments of original entitlements and do not include credit amendments or interest.

Table 49: Superannuation excess contributions tax, 2010–11 to 2012–13 financial years
	2010–11	2011–12	2012–13
Net liabilities raised ($m)	243.6	174.3	30.1

Note-Net liabilities raised: this relates to excess contributions tax liabilities raised in respect of previous income years.

Table 50: Superannuation surcharge, 2010–11 to 2012–13 financial years
	2010–11	2011–12	2012–13
Surcharge assessments issued (no.)	18,680	13,660	6,950
Surcharge collected ($m)	42	37.5	35

Notes-Surcharge assessments issued: this relates to assessments in respect of 2004–05 and previous years.Surcharge collected: this does not relate to assessments issued; the individual is not liable for surcharge until they access their benefits or roll the benefit into another fund.