History Of Industry Superannuation Funds

The first superannuation funds began shortly before Australia became a nation when New South Wales began a pension of £26 a year culled from the state’s general revenue; Victoria and Queensland soon did likewise. For a long time superannuation was available only to a small number of people, but over the past century they have evolved to become accessible to all Australians. Now everyone can benefit from them in life and in retirement more than ever before. Industry super funds played a pivotal role in bringing about this fundamental shift.