The current situation is my employer pays 9% of my gross income into a superannuation fund. The government takes out a 15% contribution tax, thanks very much.  Eg $300.00 per month paid by my employer into the fund and the government takes out $45.00.

i am talking about self funded SF,s not those that your employer contributes for you. This is money I have put  away in my SF run by me not a SF institution.