Industry super funds are a type of superannuation fund that is established and run by a particular industry or group of employers. These funds are run for the benefit of their members, who are typically employees in the industry, and are designed to provide retirement savings and other benefits to members.
Industry super funds are often run as non-profit organizations, and are typically managed by a board of directors or trustees who are elected by the members. These funds are regulated by the Australian Prudential Regulation Authority (APRA), and must comply with the same rules and standards as other superannuation funds.
Industry super funds are typically known for their low fees, strong investment performance, and member services, and are often considered a good option for employees in the relevant industries. Some examples of industry super funds in Australia include Australian Super and CBUS
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