ID hindering indigenous Aussies from accessing super

Lack of identification documents is a key complex issue facing indigenous Australians in accessing their super, a summit has found.

The Indigenous Superannuation Summit, held last month, was attended by over 90 stakeholders including representatives from the superannuation and banking industries, Indigenous and Government agencies, and consumer groups.

During the summit, the Australian Securities and Investments Commission's (ASIC) Indigenous Outreach Program (IOP) highlighted the practical ways the industry could improve engagement with its indigenous members through a co-ordinated outreach effort.

ASIC's IOP senior manager, Cathy Binnington, said the summit successfully identified complex issues facing indigenous Australians.

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"ASIC welcomes the enthusiasm and commitment of the working group, and in particular, it's Chair, Eva Scheerlink to tackle issues facing Indigenous Australians and superannuation," she said.

Working Group member First Nations Foundation's chief executive, Trevor Pearce, said "The indigenous community is keenly watching what is unfolding within the superannuation industry and government policy development."

"Many Australians share the same challenges when dealing with their superannuation," he said.