What is superannuation?
Superannuation is an investment designed to provide money for your retirement. Most people start superannuation when they start work because their employer has to pay contributions. You are free to choose to top up the funds out of your own pocket, but it’s not mandatory.
As an employer, they need to at least contribute minumum 9% amount of the earning base for each eligible employee.
As an employee, they need to pass their Tax File Number to the employer for their super fund.
You can apply for Tax File Number online thru ATO (Australian Taxation Office).
URL: http://www.ato.gov.au/individuals/content.asp?doc=/content/38760.htm
