APRA-regulated superannuation entities accounted for $970.1 billion of total assets, and SMSFs assets accounted for $506 billion.
The remaining $142.9 billion consisted of exempt public sector superannuation schemes with $97.5 billion in assets and the balance of life office statuary funds with $45.4 billion in assets.
During the 12-month period, industry fund assets increased by 21.5 per cent, small fund assets including SMSFs, single-member approved deposit funds and small APRA fund assets, increased by 15.4 per cent, while retail funds increased by 13.9 per cent.
Public sector fund assets rose by 15.4 per cent, small APRA fund assets increased by 15.5 per cent and corporate fund assets increased by 9.1 per cent.
The number of SMSFs rose by 7.1 per cent to 509,362 funds during the 2013 financial year, while APRA-regulated entities with more than four numbers fell by 8.4 per cent.
The industry-wide rate of return for all superannuation funds with four or more members was 13.7 per cent for the financial year.
The average rate of return in the 10 years up to June 2013 was six per cent per annum.
The total number of member accounts decreased by 3.4 per cent to 30.7 million.
Public sector fund accounts fell by 1.2 per cent, retail fund accounts decreased by 6.1 per cent, industry funds declined by 1.2 per cent and corporate fund accounts fell by 6.9 per cent.
Small fund members held the largest average account balance at $524,905, followed by corporate fund members with an average balance of $119,711.
The average account balance for public sector fund members was $76,978, while the average account balance for retail and industry fund members was $29,370 and $28,172 respectively.
Superannuation contributions for the 12 months totalled $115.3 billion, with employers contributing $77.5 billion and members contributing $36.5 billion.
Other contributions including spouse and government contributions accounted for $1.3 billion.
Retail funds offer the greatest number of investment choices to members out of all funds with four or more members, with an average of 265 options per fund.
Industry funds offered members on average of 11 investment options, public sectors on average offered nine, and corporate funds offered seven options per fund on average.
In terms of retirement benefits 83.6 per cent of all assets of funds with more than four members were allocated to accumulation benefits and 16.4 per cent of assets were allocated to defined benefits.
