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You explain what mean?
If you're employed, there is a compulsory contribution of 10% of your pay which goes into superannuation (retirement savings)
You can also do voluntary contributions which you get a tax benefit on.
The compounded growth over time and the enforced nature of the savings means that every person who works contributes to their own retirement.
Some companies match voluntary contributions up to a threshold. And you get a tax benefit from it.
Because it's compulsory, it isn't really considered part of your remuneration. Companies will talk about total rem but most employees talk about base pay.
Only issue is massive superannuation providers with a huge amount of market clout. But you can be very prescriptive, or you can set up your own super fund.
I appreciate you taking the time to explain, thank you!
This.