Super (Superannuation)
Australia's compulsory retirement savings system. Employers must pay a percentage (currently 11.5%, rising to 12% in 2025) of your wage into a super fund.
What newcomers get wrong
It's your money — but you can't access it until preservation age (~60). If you leave Australia permanently on a temporary visa, you may be eligible for a Departing Australia Superannuation Payment (DASP) — heavily taxed, but recoverable.