A "superannuation fund" is a type of retirement fund. It is a way for people to save money throughout their working life, so they can have enough money to support themselves after they retire. Full definition
This Practical Compliance Guideline sets out a practical administrative approach to assist self - managed superannuation funds comply with the Superannuation Industry (Supervision) Regulations 1994. (ato.gov.au)
According to the peak body for superannuation in Australia, the Association of Superannuation Funds of Australia (ASFA), longer life expectancies mean many people now spend over a third of their lives in retirement — but often do not plan accordingly. (educationmattersmag.com.au)
A pooled superannuation trust may have a relevant exempt proportion for the 2016 - 17 income year (refer to paragraph 68B of this Guideline) of 100 % (for example, because all of the units owned by complying superannuation funds in the trust are segregated current pension assets of the funds at all times). (ato.gov.au)