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:
Ai Group members receive unlimited access to Ai Group Resource Centres by simply logging into our website. If you are a member and do not have log in credentials then please email us at info@aigroup.com.au
Our members enjoy access to the highest quality workplace relations, health & safety, and business advice, resources and support. They are represented by a powerful voice that influences the policy changes needed for Australian industry to thrive.
To become a member of Ai Group and get access to Ai Group Resource Centres and countless other services to help your business. please contact us or call 1300 55 66 77. To learn more about the benefits of membership visit our Why Join page.