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.

We are always looking to improve our superannuation information and would like to know what’s important to you. Please leave us some feedback.

Note: This address is not for general enquiries about our services or advice. We suggest asking us a question online instead.

What's new

ASIC releases guidance for superannuation calculators and retirement estimates

5 July 2022

ASIC has released Regulatory Guide 276 Superannuation forecasts: Calculators and retirement estimates (RG 276) and a new legislative instrument updating the relief which facilitates the provision of superannuation calculators and retirement estimates.

Read the media release

ASIC warns super trustees to be transparent in their underperformance communications to members

24 June 2022

ASIC has released the findings from its review of superannuation trustees’ communications with their members following the first annual performance test for MySuper products.

Read the media release

Read the report

Avanteos Investments penalised $1.7 million for defective disclosure statements

15 June 2022

Avanteos Investments Limited, a former subsidiary of the Commonwealth Bank, has been convicted and penalised $1,710,000 by the County Court of Victoria for failing to update defective disclosure statements to superannuation members.

Read the media release

ASIC remakes relief on PDSs, superannuation dashboards and FSGs

14 June 2022

ASIC has remade and combined seven legislative instruments relating to specific financial services disclosure requirements.

Read the media release

How to avoid ‘greenwashing’ for superannuation and managed funds

14 June 2022

ASIC has released information sheet to help trustees avoid ‘greenwashing’ when offering or promoting sustainability-related products. The publication will also assist trustees to provide investors with the information they should have to make informed decisions.

Read the media release 

Read the information sheet

Infringement notices issued to Maritime Super for member fee statements

27 April 2022

Maritime Super Pty Ltd has paid $26,640 to comply with two infringement notices issued by ASIC. The notices concerned alleged misleading statements made to members about Maritime’s investment partnership with Host-Plus Pty Ltd.

Read the media release

 

Last updated: 01/07/2021 01:06