What kind of fund is Australian super?

AustralianSuper is an industry super fund, and is Australia’s largest super fund, with over 2 million members. The Fund isn’t linked to any specific industry, which means anyone working in Australia can join, whatever you do for a job.

Is AustralianSuper an APRA fund or SMSF?

List of APRA-regulated superannuation funds

Fund name ABN Number of investment options
Australian Eligible Rollover Fund 81932639940 1
Australian Ethical Retail Superannuation Fund 49633667743 14
Australian Meat Industry Superannuation Trust 28342064803 6
AustralianSuper 65714394898 12

Is AustralianSuper an APRA or RSA fund?

Your employee has chosen to have their super contributions paid into AustralianSuper. This letter confirms AustralianSuper is a complying super fund. AustralianSuper is a complying, resident and regulated super fund within the meaning of the Superannuation Industry (Supervision) Act 1993 (SIS Act).

Is AustralianSuper fund an APRA fund?

While professional super funds are regulated by the Australian Prudential Regulation Authority (APRA), SMSFs are regulated by the Australian Tax Office (ATO).

Is AustralianSuper a union fund?

The union movement and AustralianSuper

AustralianSuper was created on 1 July 2006 through the merger of Australian Retirement Fund (ARF) and the Superannuation Trust of Australia (STA). … Our purpose is to help members achieve the best possible retirement outcome.

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What is APRA super fund?

The Australian Prudential Regulation Authority (APRA) supervises regulated superannuation funds (other than SMSFs), Approved Deposit Funds and Pooled Superannuation Trusts, all of which are regulated under the Superannuation Industry (Supervision) Act 1993. (SISA).

Is Essential Super An APRA fund?

Commonwealth Essential Super ABN Number:

An RSE Licensee is provided to entity to denote that it has attained a RSE Licence granted by APRA under section 29D of the SIS Act.

What is AustralianSuper fund ESA?

What’s an ESA? An electronic service address (ESA) is a special internet address of a messaging provider that is used by a SMSF. It is different to an e-mail address. An ESA can be obtained from a SMSF messaging provider or through a SMSF administrator, tax agent, accountant or bank at no cost or low cost.

How do I find my super fund ESA?

You can get an ESA from an SMSF messaging provider or through your SMSF intermediary such as SMSF administrator, tax agent, accountant or some banks. Many of these options are no cost or low cost. Once you have obtained or updated your ESA, you need to notify us.

What is APRA or RSA fund?

If you’ve got an account with a retail or industry super fund, you should put an X in the first box where it says ‘The APRA fund or retirement savings account (RSA)’. All superannuation funds are regulated under APRA, and therefore called an ‘APRA fund’. … RSAs are grouped together with APRA funds on this form.

What does the APRA do?

The role of APRA

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The Australian Prudential Regulation Authority (APRA) is Australia’s financial system prudential regulator. It is responsible for promoting the prudent management of regulated institutions so that they can meet their financial obligations under all reasonable circumstances.

Is AustralianSuper Australian owned?

AustralianSuper is the largest Australian superannuation and pension fund, with approximately one in every ten Australian workers as members. … AustralianSuper is owned by the Australian Council of Trade Unions (ACTU) and employer peak body the Australian Industry Group (Ai Group).

Is aware super an industry fund?

We’re one of Australia’s largest industry funds providing superannuation, advice and retirement solutions to those who teach, nurse, care, respond and help others in our communities.

What bank does AustralianSuper use?

The Trustee of the Fund is AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788. * QuickSuper is managed by Westpac and isn’t the responsibility of AustralianSuper. QuickSuper is a registered trademark and a product owned and operated by Westpac Banking Corporation ABN 33 007 457 141.