More than $42.2 billion of superannuation contributions were made during the June 2007 quarter, with the record inflows attributed to the Government's super reforms.
Total super assets in Australia now stand at $1.15 trillion, a 25 per cent increase over the year to June 2007, according to figures from the Australian Prudential Regulation Authority (APRA).
Member contributions exceeded employer contributions for the quarter.
Members contributed $22.4 billion while employers paid $18.9 billion into superannuation.
These member contributions were three times higher than the previous records of $7.4 billion in the June 2006 quarter, according to APRA.
"The continuing growth in superannuation assets confirms that the Government's super reforms are being well accepted by the community," Treasurer Peter Costello said.
Retail funds received the largest portion of contributions, taking in $23.1 billion. Industry funds received $9 billion.
Industry funds were the strongest performers for the quarter, generating a return on their assets of 3.9 per cent.
Retail funds delivered a 2.8 per cent return.
This week, research firm SuperRatings released its performance report which showed that nine out of the top 10 performing funds were industry funds.
