I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

What Kind Of Super Fund Can You Enter?

Corporate funds are open to folks working for a particular corporation or employer. (Employers may operate their strategy or work it through a master trust or an investment manager.)

Industry funds are open to folks in a certain industry or under a certain industrial award. A few of such funds are open to anybody.

Retail funds are open to people; operated by financial organizations.

Public sector funds are usually open to the territory, state and Commonwealth government workers. They may provide defined benefits funds as well as CPFs (constitutionally protected funds) to its members.

Self-managed super funds are open only to 1 and up to 3 other individuals.

Who Controls Your Super?

Trustees run funds. By law, they should act prudently and honestly, and make choices for the sake of all members. Trustees determine under the rules of the fund. Trustees frequently hire experts to invest the money and to take care of membership records, fund assets as well as other tasks. Trustees still stay responsible. If they fail, government agencies or courts can eliminate them.

Who Controls The Funds?

Three government agencies regulate and enforce legal standards to protect you and your benefits:
• ASIC (Australian Securities and Investments Commission) controls what super funds tell you as well as how they follow company law
• the APRA (Australian Prudential Regulation Authority) controls how super funds run (excluding self-managed ones) so as to meet their responsibilities to you
• the ATO manages employer contributions (superannuation guarantee), self-managed funds, co-contributions as well as super tax rules.
• Government agencies do not guarantee your super fund's investment or capital earnings.

If you have multiple super funds, and you think you’ve lost some of them. You can locate them through our site at www.australiansuperfinder.com.au

All information on this website is of a general nature only. We have not taken into account your financial situation, needs or objectives. You need to make up your own mind and ascertain yourself if it is right for you. We recommend you read the product disclosure statement(s) and the financial services guide before making any financial decision.

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