By Wiki there is over 500 super funds in Australia and close to 600, 000 SMFS. Over 50 % retirees, still after 29 years of introducing super relying 100% on government pension. Combine 500 supers to 50, billions of saving, SMFS with less than million cancelled-transfered . ( over 60% funds smaller balance than $ 1 million)) 50% of retirees no super, just collect pension ( I read statistics even in 2050 it will still 40% relying 100% on government).
