<Li> a better performing superannuation fund . </Li> <P> Where an employee has not elected to choose their own fund, employers must since 1 January 2014 make "default contributions" only into an authorised MySuper product, which is designed to be a simple superannuation fund with few, standardised fees and a single balanced investment option . </P> <P> Superannuation funds are principally regulated under the Superannuation Industry (Supervision) Act 1993 and the Financial Services Reform Act 2002 . Compulsory employer contributions are regulated via the Superannuation Guarantee (Administration) Act 1992 </P> <P> The Superannuation Industry (Supervision) Act sets all the rules that a complying superannuation fund must obey (adherence to these rules is called compliance). The rules cover general areas relating to the trustee, investments, management, fund accounts and administration, enquiries and complaints . </P>

When did the superannuation guarantee start in australia