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AustralianSuper is an Australian superannuation fund headquartered in Melbourne, Victoria.It is an industry super fund, and so operates through a mutual fund structure.. With over A$ 340 billion of retirement savings under management and more than 3.4 million members, AustralianSuper is the largest superannuation fund in Australia and the sixteenth largest pension fund in the world.
The Australian Business Number (ABN) is a unique 11-digit identifier issued by the Australian Business Register (ABR) which is operated by the Australian Taxation Office (ATO). The ABN was introduced on 1 July 2000 by John Howard 's Liberal government as part of a major tax reform, which included the introduction of a GST .
Superannuation in Australia, or "super", is a savings system for workplace pensions in retirement.It involves money earned by an employee being placed into an investment fund to be made legally available to members upon retirement.
The ABN facilitates and streamlines many Australian business-to-government and government-to-business processes, such as Australian Tax Office transactions involving the collection and remittance of GST. If a company has an ABN, it may use the ABN in place of the ACN on documents, preceded by the letters ABN.
Examples include: Wayne Swan (Chair of CBUS), Greg Combet (Chair of Industry Super Australia), and Paul Schroder (AustralianSuper). [5] [6] Members of the Liberal Party and aligned conservative political commentators have criticised the relationship. [7]
The Australian Retirement Trust was founded on 28 February 2022 following the merger between Sunsuper and QSuper. [4] It was the largest superannuation fund merger in Australian history.
Hostplus is an Australian industry superannuation fund. [2] The fourth largest superannuation fund in Australia as of 2023, [3] it is 'giant' with around 1.7 million members (2023) and over $100b funds under management.
A tax file number (TFN) is a unique identifier issued by the Australian Taxation Office (ATO) to each taxpaying entity—an individual, company, superannuation fund, partnership, or trust. [1]