Choice of fund means that nominated classes of employees can elect to have their superannuation guarantee contributions paid by their employer to a superannuation fund chosen by the employee.
Employers are required to provide eligible employees with the prescribed standard choice form as well as any other details required by the Regulations.
Where an employee does not exercise their right to choose a superannuation fund, the superannuation legislation provides that an employer must make superannuation contributions to an employee’s ‘stapled’ fund or an employer-nominated default fund.
Helpful tools and information
AustralianSuper partners with organisations of all sizes to simplify superannuation management and make it a seamless part of the business process. Employers can access information, tools, forms and more at AustralianSuper including the following:
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