We make it easy to meet your Choice of Fund obligations
You must nominate a default fund for your employees under the Choice of Fund legislation.
This ensures that for any employees who do not make a choice or their choice cannot be implemented, you can pay SG contributions for them into the default fund.
Many employees are eligible to choose their own super fund. However, if any of your employees are employed under a certain industrial award or agreement, they may not be eligible. You should check the relevant industrial award or agreement for more details as to whether your employees’ are able to exercise this choice.
What you need to do
If your employees are eligible for Choice of Fund you must:
provide new employees with a Standard Choice Form within 28 days of starting employment with you
pay SG contributions by the cut off dates
pay super contributions on their behalf into your default fund (if your employee does not make a choice)
start paying into their nominated super fund within two months of receiving the written request (if your employee makes a choice), and
accept one change of fund per employee every 12 months.
Is your default fund MySuper compliant?
Since 1 January 2014, if you make contributions into a default fund for an employee, you need to make sure you pay into a default fund that is compliant with the Government’s MySuper rules.
Choose us as your default fund
MTAA Super is MySuper authorised and eligible to be your default fund. We offer a range of great benefits for members, including competitive default insurance on joining.