Treasury is responsible for advising on broad features of retirement income policy, including the objectives, adequacy and overarching framework and design of the superannuation system and proposals for alternative personal savings vehicles.
Additionally, we are responsible for modelling and analysis of the impacts of government policy on household units as well as the public finance consequences of demographic trends and population ageing.
A number of superannuation reforms were announced as part of the 2016 Budget to improve sustainability, flexibility and integrity of the superannuation system.
For further information, visit the Super Reforms page.
In addition, now that these reforms have received royal assent, information about the changes and how they will be administered are available on the ATO's website.
Enacted in 2012, 'MySuper' products will eventually replace existing default superannuation accounts. From 1 January 2014, only funds offering a MySuper product have been eligible to receive contributions from employers on behalf of employees who have not chosen a superannuation fund.
For further information, visit the MySuper page.
Planning for Retirement
ASIC's MoneySmart website is a good source of information for individuals on our Superannuation system and planning for retirement.
As administrators of the super system, the ATO can help individuals understand super and work out how much you are entitled to from your employer. You can also use their online services to check, find and manage your super.
Retirement Income Modelling
RIM provides costings for retirement and personal incomes, distributional and hypothetical analysis and projections, modelling work for personal income and tax related issues and is involved in revenue estimate and tax expenditure calculations.
For further information, visit the Retirement Income Modelling page.
Policies & Initiatives
The Treasury manages a range of programs & initiatives that support the priorities of the Government.