Senate debates Questions on Notice

Superannuation Complaints Tribunal (Question No. 600)


Mathias Cormann

Mathias Cormann WA, Liberal Party, Shadow Assistant Treasurer

asked the Minister representing the Minister for Financial Services and Superannuation, upon notice, on 15 April 2011:

In each of the 2007-08, 2008-09, 2009-10 and 2010-11 (to date) financial years, how many complaints did the Superannuation Complaints Tribunal receive relating to superannuation funds that were:

(a) industry superannuation funds;(b) self-managed superannuation funds; and(c) other types of funds.

Nick Sherry

Nick Sherry Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism

The Minister for Financial Services and Superannuation has provided the following answer to the honourable senator's question:

(a) Industry superannuation funds:

For the purposes of providing a response to this question, the Tribunal has adopted the classification of fund type made by the Australian Prudential Regulation Authority in its statistical reports.

2007-08: 504

2008-09: 617

2009-10: 613

2010-11 (to 29 April 2011): 590

(b) The Tribunal does not have jurisdiction over complaints relating to superannuation funds that are self-managed superannuation funds.

(c) Other types of funds (all other complaints):

2007-08: 1,994

2008-09: 1,929

2009-10: 1,868

2010-11 (to 29 April 2011): 1,426