Cbus is focused on providing superannuation investment, services & retirement planning for Australian's within the building, construction & allied industries. Cbus serves over 89,000 employers & 722,000 industry & general public members. Cbus is one Australia's largest superannuation funds. Cbus has over $27 billion of members superannuation funds under management.
What is CBUS's USI number? CBU0100AU
USI number stands for Unique Superannuation Identifier number. It was introduced as part of the SuperStream initiative, which was introduced in 2014, July. The SuperStream system was initiated as a result of the Australian Federal Governments 'Stronger Super' policy reforms. The Stronger Super review was conducted between 2007 & 2013 and focused on the operation of Australia's superannuation system, it's structure and it's efficiency. Only superannuation funds (not including SMSF's) are applicable to receive a USI number.
SMSF funds are funds that are self managed by the owner of the funds. Rather than on their behalf by a superannuation fund. These funds are much smaller and operate outside of the traditional superannuation industry. SMSF's are generally used by richer individuals, who have enough investment in their super to warrant managing it independently. There are fees and risk associated with an SMSF that do not make it a suitable choice for all individuals. As an SMSF is more like a business or individual investment vehicle it requires it's own ABN number. The ABN number of an SMSF will act as it's USI number. An SMSF will never be issued it's own USI number.
The USI number is used in the SuperStream system for APRA registered superannuation funds. The USI number is a unique identifier of a fund within the APRA SuperStream system. The Product name of the fund is not required to be unique, and may even be duplicated within a single superannuation providers products. Always use (and provide) the USI number when discussion your superannuation funds to ensure the correct contributions are being made.
Where else can you find a USI number? The annual statement from your superfund should include this number. It should be present on the website of your superannuation fund. Your employer may have a copy of the USI, if you have already provided it to them. The annual report of your superannuation fund will also include the USI number, including details of the performance of the fund.
|CBUS USI Number:||CBU0100AU|
The Super Income Stream USI number for CBUS is 75493363262001
Super Income Stream SPIN number is short for Super Income Stream Unique Superannuation Identifier number. In many cases the Super Income Stream USI number is identical to the superfunds USI number.
|CBUS SIS USI Number:||75493363262001|
More About CBUS
Established in 1984 to provide superannuation services for members of the building, construction and allied industries, their families and employers, Cbus today is one of Australia’s leading industry superannuation funds.
Driven by a core commitment to maximise returns to members, and not profits to shareholders, Cbus has a membership of more than 722,000 industry and general public members, and 89,000 employers.
Cbus has a variety of products and investment options to suit Australians working in the building, construction and allied industries.
Cbus manages $27 billion of members’ funds as at 30 June 2014, and has a history of strong investment performance* over the long-term. Cbus’ advantages include:
no entry fees; no commissions; automatic insurance cover (subject to eligibility); access to low cost health cover; and access to low cost banking. By investing in the building and construction industry through its $2.8 billion property development company, Cbus Property, Cbus creates jobs for our industry by developing significant buildings across Australia.
Cbus values its strong bonds with both its member and employer organisations.