Enterprise Agreement Superannuation: Everything You Need to Know

Superannuation is one of the most important components of the Australian retirement system. It is a way to save money during the working years so that employees can enjoy a comfortable retirement. As an employee, it`s important to understand how superannuation works, and what your entitlements are under your enterprise agreement.

What is an Enterprise Agreement?

An enterprise agreement is a legally binding agreement between an employer and their employees. It outlines the terms and conditions of employment, including pay rates, working hours, leave entitlements, and other provisions. Enterprise agreements are negotiated between employers and employee representatives, usually unions.

What is Superannuation?

Superannuation is a retirement savings scheme in Australia that is compulsory for most employees. It is designed to provide a source of income for individuals in their retirement years. Employers are required to contribute a percentage of an employee`s earnings to a superannuation fund, which is chosen by the employee.

What Are Enterprise Agreement Superannuation Entitlements?

Under an enterprise agreement, employees may receive additional superannuation contributions above the mandatory 9.5% of their earnings. These additional contributions are negotiated between the employer and employee representatives, and are often referred to as “above-award superannuation”.

Enterprise agreement superannuation entitlements can vary depending on the industry, occupation and employer. For example, in the mining industry, enterprise agreements may include a higher superannuation contribution rate as a way to attract and retain employees.

How to Check Your Enterprise Agreement Superannuation Entitlements

To find out what superannuation entitlements you have under your enterprise agreement, you can check the document itself, talk to your union representative or HR department. If you are unsure which fund your super is going into, you can log on to the Australian Taxation Office (ATO) website and check your superannuation account details.

It`s important to stay informed and aware of your superannuation entitlements to ensure you are receiving the correct amount of contributions. This can have a significant impact on your retirement savings, and ultimately your quality of life in retirement.


Superannuation is a crucial part of the Australian retirement system, and enterprise agreements can provide additional entitlements to employees. Make sure you are aware of your superannuation entitlements under your enterprise agreement, and keep track of your contributions to maximise your retirement savings.