Australia's superannuation system continued to expand in the March 2026 reporting period, with total assets rising to A$4.44tn ($2.93tn), according to the latest figures released by the Australian Prudential Regulation Authority (APRA). The figures represent a 7.9% year-on-year increase.
APRA-regulated funds, which account for the bulk of the system, saw total assets climb 8.7% to A$3.14tn. Self-managed super funds (SMSFs) also recorded steady growth, with assets increasing 7.0% to A$1.06tn.
Benefit payments also rose significantly over the year, increasing by 12.3% to A$143.5bn in the 12 months ending March 2026. The uptick was driven by higher lump sum withdrawals, which climbed 13.6% to A$79.7bn, alongside pension payments that grew 10.7% to A$63.8bn.