Superannuation funds

This section gives guidance about ASIC's role in super, the Stronger Super reforms and compliance requirements for superannuation trustees.

ASIC's role in super    

ASIC is principally responsible for the enforcement of the Corporations Act 2001 (Corporations Act) which regulates the conduct and disclosure obligations of financial services providers (including superannuation trustees that hold an Australian financial services (AFS) licence).

As the conduct and disclosure regulator, ASIC’s role primarily concerns the relationship between trustees and individual consumers. ASIC aims to look after consumers ensuring they receive proper disclosure, are dealt with fairly by qualified people, continue to receive useful information about their investment or product and can access proper complaints-handling procedures. Promoting investor and financial consumer trust and confidence is one of ASIC's strategic priorities.

More about ASIC's role in super (including the role of co-regulators and the Superannuation Complaints Tribunal)

Stronger Super reforms

The purpose of the Government's Stronger Super reforms is to make the Australian superannuation system stronger and more efficient, and to help maximise retirement income for superannuants.

More about the Stronger Super reforms

Shorter PDS regime

The shorter PDS disclosure regime commenced fully on 22 June 2012 and ASIC has recently issued further guidance, and provided interim class order relief, to issuers of some products.

More about the shorter PDS regime

Super switching advice

This information sheet provides general information and compliance tips for financial advisers who provide super switching advice.

Read the information sheet

Related information

What's new

ASIC seeks improved compliance by responsible entities and superannuation trustees

ASIC has provided an overview of some compliance issues identified during its proactive surveillance of responsible entities and superannuation trustees that are also holders of an Australian financial services (AFS) licence. 15-251MR. 15 September

ASIC reviews transparency information on super websites

ASIC has recently surveyed superannuation websites to check industry compliance with the new executive officer remuneration and systemic transparency disclosure requirements introduced as part of the Stronger Super reforms. 15-245MR. 7 September

ASIC Insights

Attend a session about ASIC's work in the superannuation and managed investments sectors

Media releases on superannuation

Last updated: 02/02/2015 05:21