The Australian Prudential Regulation Authority - or APRA - is the Australian Government body that oversees and regulates finance businesses such as banks, insurers, and most superannuation funds. Not all funds need to be registered or regulated by APRA, although the major super funds in Australia generally will be.
An APRA fund, or more correctly, an APRA-regulated fund, is a super fund that's registered by APRA and agrees to follow its rules and requirements. This registration is designed to reassure members that their super fund will manage accounts responsibly and that the fund's trustees are required to make decisions in the best interests of the members of the fund.
Non-APRA-regulated funds include self-managed super funds, retirement savings accounts (RSAs) offered by banks and credit unions etc, and some public sector super funds.
No. A company or organisation that wants to set up a complying super fund must apply to APRA for a licence. The application and assessment process is pretty rigorous, and there are high standards of management, reporting, governance and risk management that must be achieved to be successful.
In short, to be licenced, a super fund needs to be responsible, well-managed and trustworthy with the trustees of the fund agreeing to act in the best interests of the members and be bound by strict regulations.
Yes. All 7 Industry SuperFunds are registered by APRA and are bound by its rules, so you can be confident that they follow Australia's superannuation laws and can be seen as trustworthy and well-managed.
AustralianSuper is an APRA-regulated fund and complies with the government's superannuation rules. APRA, the Australian Prudential Regulation Authority, has licenced AustralianSuper Pty Ltd, the trustee of AustralianSuper, and has assigned two unique identifiers: RSE (Registered Superannuation Entity) number R1001693, and RSEL (Registered Superannuation Entity Licence) number L0000796.
Cbus is an APRA-regulated fund and complies with the government's superannuation rules. APRA, the Australian Prudential Regulation Authority, has licenced United Super Pty Ltd, the trustee of Cbus, and has assigned two unique identifiers: RSE (Registered Superannuation Entity) number R1000979, and RSEL (Registered Superannuation Entity Licence) number L0000604.
Hesta is an APRA-regulated fund and complies with the government's superannuation rules. APRA, the Australian Prudential Regulation Authority, has licenced HEST Australia Ltd, the trustee of Hesta, and has assigned two unique identifiers: RSE (Registered Superannuation Entity) number R1004489, and RSEL (Registered Superannuation Entity Licence) number L0000109.
Hostplus is an APRA-regulated fund and complies with the government's superannuation rules. APRA, the Australian Prudential Regulation Authority, has licenced Host-Plus Pty Ltd, the trustee of Hostplus, and has assigned two unique identifiers: RSE (Registered Superannuation Entity) number R1000054 and RSEL (Registered Superannuation Entity Licence) number L0000093.
CareSuper is an APRA-regulated fund and complies with the government's superannuation rules. APRA, the Australian Prudential Regulation Authority, has licenced CARE Super Pty Ltd, the trustee of CareSuper, and has assigned two unique identifiers: RSE (Registered Superannuation Entity) number R1004120 and RSEL (Registered Superannuation Entity Licence) L0000956.
TWUSUPER is an APRA-regulated fund and complies with the government's superannuation rules. APRA, the Australian Prudential Regulation Authority, has licenced T W U Nominees Pty Ltd, the trustee of TWUSUPER, and has assigned two unique identifiers: RSE (Registered Superannuation Entity) number: R1000283, and RSEL (Registered Superannuation Entity Licence) number L0000246.
Yes, First Super is an APRA-regulated fund and complies with the government's superannuation rules. APRA, the Australian Prudential Regulation Authority, has licenced First Super Pty Ltd, the trustee of First Super, and has assigned two unique identifiers: RSE (Registered Superannuation Entity) number R1067385 and RSEL (Registered Superannuation Entity Licence) number L0003049.
Your question will be sent directly to the fund you select
Your question will be sent directly to the fund you select
Thank you for contacting AustralianSuper.
They will be in touch shortly
Thank you for contacting Hostplus.
They will be in touch shortly
Thank you for contacting HESTA.
They will be in touch shortly
Thank you for contacting Cbus.
They will be in touch shortly
Thank you for contacting CareSuper.
They will be in touch shortly
Thank you for contacting TWUSUPER.
They will be in touch shortly
Thank you for contacting First Super.
They will be in touch shortly
Due to a technical fault we are unable to to submit your form at the moment. Please try again later.
Additional details:
