USI number is short for Unique Superannuation Identifier number. It was introduced as part of the SuperStream system, which came into effect in July 2014. The SuperStream system was introduced as a result of the Australian Federal Governments ‘Stronger Super’ reforms. The Stronger Super review was conducted between 2007 & 2013 and focused on the operation of Australia’s superannuation scheme, it’s structure and it’s efficiency.
USI Numbers and Self Managed Superfunds (SMSF’s):
SMSF funds are not issued a USI number, instead they use their ABN number as an identifier. SMSF’s have a number of additional identifiers that may be requested by an employer. An SMSF will have an Electronic Service Address (ESA) and bank account details, which may be required to make contributions to an SMSF.
This website assist you to find the USI of your superannuation fund. To begin, find your superannuation fund here.