As to how Super(annuation) actually has an impact on share ownership here it’s a bit more complicated.
A lot of self employed choose not to have Super. Not all but some .
However it is compulsory if you are an employee. If you are an employee your employer must pay a minimum of 10.5% of your gross salary (i.e. before tax) every quarter into the Superfund you have chosen.
Overwhelmingly this would generally be a Superfund managed by a major financial institution which carries a licence and is strictly regulated by the federal government body called APRA.
Within the fund you have chosen are generally 3 asset classes of Cash (usually government bonds), Balanced Growth (usually commercial property, plus a bit of Cash plus Shares) or Aggressive (usually commercial property, plus a bit of Cash plus Australian and Overseas Shares). You could put a bit of money into all 3 if you wish plus some give you the option to use a limited % of your funds to invest directly into certain shares (they stipulate who) which they hold in your fund. Talga being speculative would unlikely to be an option.
Then there are people like me who cannot stand the thought of giving control of my funds to a pimple faced 20 something with a $200 per week cocaine habit who has a girlfriend with cosmetically altered lips that resemble the Hindenburg who both wake up around 1pm on a Saturday wondering what happened last night.
So I have a Self Managed Super Fund where my money accumulates (I am self employed). I can pretty much invest in any shares I wish, or property, or antiques, works of art, rare coins, stamps etc.
The antiques,art, coins, stamps cannot be in my custody they must be held by a third party. So I cant decorate my house with them.
So my Super Fund is also overseen by APRA and I must have it audited each year plus lodge an income tax return for it and keep all its documentation upto date. Many people think they need to pay $5,000 per annum to their accountants to do this. They don’t do any research to do it cheaper
I get a company based in Melbourne to do everything online and pay around $900 pa as they appear to outsource a lot of the data collation overseas. I’m satisfied with their cyber security and have never heard of any problems with this.
So I have a broker account (CommSec) and a bank account that they monitor throughout the year to ensure I’m not doing anything illegal (like investing in overseas shares). Its only illegal because super funds are not recognised as legal entities in other jurisdictions. Except for the Big Boys (see above) that is
So each year they send me a checklist of transactions they might not be able to identify and I “fill in the blanks”. So that takes care of my audit, tax return and any other documents that need to be altered or generated
So that’s it for $900 per year I’m happy