Your home for profit-to-member Super
Join the leading voice in profit-to-member super
Our full list of member super funds
View the upcoming courses in your city
AIST's flagship educational program
Explore the history, rules and regulations of superannuation and how it fits into Australia’s economic landscape – and become RG146 compliant.
Listing of all upcoming events
The premier idea sharing and networking event for Australia’s $1.5 trillion profit-to-member super sector
AIST's annual Superannuation Investment conference
Research, insights and advocacy on the most pressing topics in super
Our response to changes in the political and policy environment
From AIST's governance code to practical guidance and toolkits
Industry news, latest resources and event updates
Stay connected to the latest policy news
Photo, audio and video content
Our mission, vision and values
Meet our team
Our board of directors, constitution and committees
News, insights and resources as they unfold.
Stay up-to-date with the issues affecting super.
On the eve of National Reconciliation Week, the Australian Institute of Superannuation Institute (AIST) is calling for jobs through the Federal Government’s Community Development Program (CDP) to be replaced with jobs that pay superannuation.
AIST is concerned that the CDP – which operates across regional Australia with an estimated 80% of participants identifying as First Australians - denies participants workplace rights, including superannuation.
Participants in the program do not receive superannuation nor other employment protections while they are employed in the program. These participants are required to work up to 20 hours per week without receiving super on their salary, while others working in non-CDP jobs doing similar work in the same communities do receive superannuation and are building their retirement nest eggs.
AIST CEO Eva Scheerlinck who is the chair of the Indigenous Superannuation Working Group (ISWG), said First Australians, like all Australians, should have access to jobs at Award rates of pay, with employment protections and superannuation on every dollar.
“The Australian Aboriginal and Torres Strait Islander population is already among the most disadvantaged people in Australia,” Ms Scheerlinck said. “It’s been estimated that indigenous men have an average super balance just half that of non-Indigenous men while the average super balance of Indigenous women is more than a third less than non-Indigenous women.”
AIST modelling has revealed that every year the total amount of super lost to CDP participants is around $67 million.
If CDP participants received super, they would end up with around $79,745 more in retirement.
Media enquiries: AIST Senior Media Manager, Janet de Silva 0448 000 499
AIST is the peak body for the $1.5 trillion profit-to-member superannuation sector which includes industry, corporate and public sector funds
26 May 2021