AC9HE10K04 Year 10 Humanities and Social Sciences

Content descriptor the importance of Australia’s superannuation system and how this system affects consumer and financial decision-making

Elaborations

• • Elaboration explaining the importance of Australia’s superannuation system in relation to human and financial wellbeing in retirement and the government’s ability to maintain a welfare payment system for the common good
• • Elaboration identifying why individuals make decisions about superannuation investment options and how their circumstances, such as age, employment status, dependents and anticipated retirement age, affect these decisions
• • Elaboration explaining how individuals manage a personal superannuation fund; for example, who contributes, taxation, consolidating superannuation funds, finding lost superannuation and tracking the performance of a superannuation account