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15 Superannuation system

OVERVIEW

During the 2011-12 financial year:

  • the lost members register reduced significantly, with the number of lost accounts decreasing by 32% and the total value of lost accounts decreasing by 17%
  • the number of self–managed super funds grew by 8.0%, while the total value of assets held by these funds grew by an estimated 3.7%
  • there were approximately 1.04 million co–contribution entitlements determined and paid, totalling $602 million.

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