Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Markets
29 August 2025 by Maja Garaca Djurdjevic

Investors drawn to private markets for genuine ESG exposure, says manager

Federation Asset Management has experienced growing interest from investors seeking to invest responsibly through private market opportunities
icon

Manager overhauls tech ETF to target Nasdaq’s top players

BlackRock is repositioning its iShares Future Tech Innovators ETF to focus on the top 30 Nasdaq non-financial firms, ...

icon

Dixon Advisory inquiry no longer going ahead as Senate committee opts out

The inquiry into collapsed financial services firm Dixon Advisory will no longer go ahead, with the Senate economics ...

icon

Latest performance test results prompt further calls for test overhaul

APRA’s latest superannuation performance test results raise critical questions around how effective the test currently ...

icon

HESTA, ART to challenge ATO’s position on imputation credits in Federal Court

Industry fund HESTA has filed an appeal against an ATO decision on tax offsets from franking credits, with the ...

icon

Net flows, Altius acquisition push Australian Ethical FUM to record high

The ethical investment manager has reported record funds under management of $13.94 billion following positive net ...

VIEW ALL

Prof services sector pays largest super bill

  •  
By Nicki Bourlioufas
  •  
4 minute read

Professional services sector contributes most to super, ABS data shows.

The professional services sector leads all others when it comes to the size of its superannuation bill, closely followed by the manufacturing sector and well in front of the mining sector, according to data released by the Australian Bureau of Statistics (ABS).

Employers in the professional, scientific and technical services sector paid $4.97 billion in super contributions in 2010-11, according to the ABS's Australian Industry publication released last week.

Those contributions were up 2 per cent from $4.88 billion in 2009-10 and totalled 9 per cent of the industry's total wages and salary bill of $56.56 billion in 2010-11.

In the manufacturing sector, employers paid $4.72 billion into super during 2010-11, down slightly from $4.73 billion a year earlier. That was also around 9 per cent of a total wages and salary bill of $53.12 billion in 2010-11.

 
 

The construction industry comes in third, where employers paid $4.60 billion into super, a jump in contributions of 17 per cent from $3.92 billion in 2009-10.

Those contributions amounted to 10 per cent of the construction sector's total salary and wages bill of $47.43 billion.

Other industries with a big super bill include the retail sector, where employers paid $3.28 billion into super in 2010-11, or 9 per cent of a total wages and salary bill of $37.21 billion.

Those contributions represented a 9 per cent jump from $3.0 billion in 2009-10.

In the health sector, employers paid $3.14 billion into super, representing 9 per cent of a total salary and wages bill of $34.87 billion in 2010-11.

Those contributions jumped 18 per cent from $2.67 billion in contributions a year earlier.

In the wholesale trade sector, employers paid $2.99 billion into super, also 9 per cent of a total wages and salary bill of $32.50 billion, and up 5 per cent from $2.84 billion in 2009-10.

In the mining industry, in contrast, employers paid only $1.62 billion into super, amounting to 8 per cent of a total salary and wages bill of $19.14 billion.  The value of contributions, however, jumped 23 per cent from $1.32 billion in the previous financial year.