Superannuation funds

This section contains information for superannuation trustees and their advisers, including:

  • guidance for superannuation trustees about their legal obligations
  • publications by ASIC in relation to superannuation and
  • other regulatory resources.

ASIC's role in super

ASIC is the regulator responsible for the Corporations Act 2001 and the ASIC Act 2001. These acts regulate the conduct and disclosure obligations of financial services providers (including superannuation trustees). ASIC is also responsible for administering parts of the Superannuation Industry (Supervision) Act 1993.

As the conduct and disclosure regulator, ASIC is focused on the behaviours of trustees impacting consumers.

Read more about ASIC's role in super, including co-regulators and industry funding.

Superannuation for consumers

Are you a consumer looking for information to help you understand superannuation? ASIC’s Moneysmart website offers free, independent guidance so you can make the most of your money.

See also superannuation for consumers including:

  • ASIC’s role in superannuation
  • professional registers
  • SMSFs
  • complaining about your super fund.

The YourSuper comparison tool is a simple way to compare MySuper products and help you choose a super fund that meets your needs. It is hosted by the Australian Taxation Office (ATO).

Guidance, relief and instruments

ASIC issues guidance, regulatory relief, legislative instruments, information sheets and other documentation to guide and assist the superannuation industry.

Current projects and consultations

Browse and download information about ASIC’s current projects and consultations relevant to superannuation.

Super news and reports

Read ASIC’s publications, including media releases, letters to trustees, reports, speeches and articles about superannuation.

Further resources on superannuation

This page contains useful links for further information about superannuation, including APRA, the ATO and other ASIC resources.

Financial services

Find information about ASIC’s regulatory guidance on compliance with the financial services regime, including links to legislation and media releases about financial services.

Regulatory index

Download regulatory documents and class orders relating to financial services.

What's new

AustralianSuper fined $27 million after ASIC investigation into failing to merge multiple superannuation accounts

21 February 2025

AustralianSuper, the trustee of Australia’s largest superannuation fund, will pay a $27 million penalty after the Federal Court today found that it failed to merge multiple member accounts.

Read the release

Delivering a step-change in superannuation

30 January 2025

Joint keynote speech by ASIC Commissioner Simone Constant at the Conexus Financial Super Chair Forum.

Read the speech

ASIC calls out superannuation trustees for weak scam and fraud practices

30 January 2025

ASIC has written to superannuation trustees urging them to strengthen anti-scam practices, or risk exposing members to harm.

Read the release

ASIC and APRA host Superannuation CEO Roundtables to discuss climate risk

20 January 2025

APRA and ASIC have released public notes from the latest Roundtables. The theme of these Roundtables were key issues related to climate and nature risk.

Read the notes

End-to-end accountability: Remarks to ASFA Conference 2024

20 November 2024

Remarks by ASIC Commissioner Simone Constant at Association of Superannuation Funds of Australia Conference 2024 in Sydney on 20 November 2024.

Read the speech

ASIC writes to superannuation trustees to drive improvement to death benefit claims handling

19 November 2024

ASIC has written to the CEOs of superannuation trustees, urging them to assess their death benefit claims handling practices and address any identified deficiencies.

Read the release

ASIC sues Cbus alleging systemic claims handling failures

12 November 2024

More than 10,000 members and claimants of the Construction and Building Unions Superannuation Fund (Cbus) were impacted by death benefits and total and permanent disability (TPD) insurance claims taking more than 90 days to be processed, according to allegations contained in documents lodged by ASIC in the Federal Court.

Read the release

Last updated: 21/02/2025 01:08