How secure is super?

A range of laws and mechanisms ensure that super funds are managed to a required standard. Superannuation trustees must meet legal standards designed to protect your benefits against fraud or gross mismanagement.
Super guardians: meet the regulators
APRA
Australian Prudential Regulation Authority. Government body which ensures that super funds (except self-managed funds) are managed prudently.
ASIC
Australian Securities and Investment Commission. Regulates the industry in the interests of consumers.
ATO
Australian Taxation Office. Regulates self-managed super funds (SMSFs).
SCT
Superannuation Complaints Tribunal. Available to review trustee decisions and complaints.

 
Keep your eye on the ball
By law in most cases, your employer must contribute to your super fund. If you think that's not happening, you can take action. If you think you're not receiving your entitlements, you can ask the ATO to investigate. You may have grounds for action. If your employer doesn't contribute, the ATO can conduct an audit and issue fines. To keep an eye on your investment, check your member statement, which is sent either annually or six-monthly. You can also read the auditor's reports in your fund's annual report.
Find out more about investment
Find a financial adviser using BT's Adviser Referral Program.
Learn about BT's super funds.