Leslie Massey
A SPIN number, or Super Product Identifier Number, is used to identify a superannuation fund and its product, which an employee contributes to. The Australian Prudential Regulation Authority (APRA) is largely responsible for managing SPIN numbers and offers a directory where users can look up spin codes. While SPIN numbers were introduced as part of the SuperStream system, they have now been largely replaced by the Unique Superannuation Identifier (USI) number.
| Characteristics | Values |
|---|---|
| Full Form | Super Product Identifier Number |
| Purpose | To identify a superannuation product that an employee (member) is contributing to |
| Introduced By | Super EC Council |
| Managed By | Australian Prudential Regulation Authority (APRA) |
| Replaced By | USI Number |
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What You'll Learn
SPIN numbers are part of the SuperStream system
SPIN numbers, or Super Product Identifier Numbers, were introduced as part of the SuperStream system. They are used to identify the various products of a superfund, which are often referred to as 'superannuation plans'. Each superannuation fund and its products are given a unique SPIN number. The Australian Prudential Regulation Authority (APRA) is responsible for managing SPIN numbers and provides a directory and portal for the public to look up spin codes and superannuation funds.
The Super EC Council first announced the initiative to introduce SPIN numbers, delivering guidelines for the standardisation of the identification number system for superannuation funds and services in Australia. The APIR system was then awarded the contract to produce a portal for end users.
While SPIN numbers were an important part of the SuperStream system, they have now largely been replaced by the Unique Superannuation Identifier (USI) number. The ATO has published a Fund USI and SPIN lookup table to assist employers in obtaining new fund data required to send contributions using SuperStream.
It is worth noting that the ABN, or Australian Business Number, is different from the SPIN number. ABN is a unique identifier for all business entities in Australia, used for taxation and government reporting.
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They are used to identify superannuation funds and their products
SPIN stands for Super Product Identifier Number. They are used to identify superannuation funds and their products, otherwise known as 'superannuation plans'. A superannuation fund may offer multiple products, and each of these products is identified by a SPIN number.
The SPIN number was introduced as part of the SuperStream system, but it has now been largely replaced by the USI number (Unique Superannuation Identifier). The Australian Prudential Regulation Authority (APRA) is largely responsible for managing SPIN numbers and has a directory available to look up spin codes.
The ATO has published a Fund USI and SPIN lookup table to help employers obtain new fund data required to send contributions using SuperStream.
It is important to note that SMSF funds are not regulated by APRA and are instead regulated by the ATO, so they are not issued with an SFN (Super Fund Number).
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Australian Prudential Regulation Authority (APRA) manages SPIN numbers
The Australian Prudential Regulation Authority (APRA) is a statutory authority of the Australian Government. It was established on 1 July 1998 in response to the recommendations of the Wallis Inquiry. APRA's predecessor regulators were the Insurance and Superannuation Commission, the Reserve Bank of Australia, and the Australian Financial Institutions Commission (AFIC). The Insurance and Superannuation Commission was formally established on 23 November 1987 and was absorbed into APRA on 1 July 1998. APRA's authority and scope are determined by the Australian Prudential Regulation Authority Act, 1998 (Cth).
APRA is the prudential regulator of the Australian financial services industry. It oversees banks, credit unions, building societies, friendly societies, general insurance, health insurance, reinsurance, and life insurance companies, and most members of the superannuation industry. APRA ensures that these institutions keep their financial promises and remain financially sound. It currently supervises institutions holding A$8.6 trillion in assets for Australian depositors, policyholders, and superannuation fund members.
APRA is governed by an Executive Group, typically consisting of four people, all of whom are statutory appointees. The current Chair of APRA is John Lonsdale, and the Deputy Chair is Margaret Cole. Suzanne Smith and Therese McCarthy Hockey are the other APRA Members.
APRA's prudential standards, such as CPS 220, 232, and 234, mandate traceable risk management, tested business continuity, and verifiable information security. Compliance failures at the executive level can prompt direct APRA intervention, including leadership changes or business restrictions. APRA can restrict new business, enforce capital penalties, or require management changes if risk controls falter.
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The Unique Superannuation Identifier (USI) has replaced SPIN numbers
The Unique Superannuation Identifier (USI) has replaced SPIN (Super Product Identifier Number) numbers. The Australian Prudential Regulation Authority (APRA) was largely responsible for managing SPIN numbers, which were introduced as part of the SuperStream system. SPIN numbers were used to identify the superannuation fund and/or product that an employee was contributing to.
The Super EC Council first announced the initiative to introduce SPIN numbers, delivering a set of guidelines for the standardisation of the identification number system used for superannuation funds and services in Australia. The APIR system was then awarded the contract to produce a portal that made the new identification system available to end users (the Australian public).
However, the newly introduced USI number has largely replaced the need for SPIN numbers. The USI is used in SuperStream to uniquely identify an APRA fund and/or its superannuation product, which an employee (member) is contributing to. The ATO has published a Fund USI and SPIN lookup table to assist employers in obtaining new fund data required to send contributions using SuperStream.
The MySuper Product number identifies a superannuation fund that complies with MySuper legislation. This number is different from the USI and SPIN numbers, which are used to identify specific products within a superannuation fund.
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ABN stands for Australian Business Number
In Australia, ABN stands for Australian Business Number. It is a unique 11-digit number that identifies a business to the government, other businesses, and the public. The Australian Taxation Office (ATO) manages the Australian Business Register (ABR), where ABN registration is processed for free.
Not everyone needs an ABN or is entitled to one. To be eligible for an ABN, one must be running a business or enterprise. When a business undergoes structural changes, a new ABN may be required. ABN details must be kept up-to-date, and the ABN Lookup tool can be used to check if an ABN application has been successfully processed.
The ABN Lookup is a free public view of the ABR. It provides access to publicly available information supplied by businesses when they register for an ABN. The ABN Lookup tool may assist with multiple searches and will display trading names until 31 October 2025.
To apply for an ABN, one must provide evidence of commencing a business or enterprise, and the application will be processed faster if the applicant can be identified from the information provided, such as their tax file number. It is possible to start an application and save progress before submitting all the required information, but this may delay the issuing of the ABN.
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Frequently asked questions
SPIN stands for Super Product Identifier Number. It was introduced as part of the SuperStream system to identify a superannuation fund and/or product that an employee contributes to.
SPIN numbers have largely been replaced by the Unique Superannuation Identifier (USI) number. You should check whether you need a SPIN or a USI number.
The Australian Prudential Regulation Authority (APRA) manages SPIN numbers. You can look up spin codes using their directory, which is available to the public via their website.
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