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  • Determine your employer-nominated fund (default fund)

    Before you offer your employee the option to choose a super fund, you must nominate a fund that you will pay their super into if they can't or don't choose their own fund.

    This fund is your employer-nominated fund (also known as a default fund).

    The super fund you nominate must:

    • be a complying fund (one that meets specific requirements and obligations under super law)
    • be registered by the Australian Prudential Regulation Authority (APRA) to offer a MySuper product.

    To make sure your fund meets these requirements, check with the trustee or an authorised representative of the fund, or check on our register of complying super funds at Superfund LookupExternal Link.

    You should contact the fund you have chosen before offering it as a default fund on the standard choice form.

    You give your employee the details of this fund in section B of the Standard choice form.

    On this page:

    MySuper products

    MySuper products are superannuation products that have a simple set of product features, irrespective of who provides them. This enables comparison of funds based on a few key differences.

    Contact your fund to make sure that your default fund is a MySuper product.

    See also:

    Participating employer

    Some super funds may ask that you become a 'participating employer' before you can pay contributions to them. If you agree, you may have to make super payments more regularly – such as monthly, instead of quarterly.

    If you don't want to become a participating employer, talk with your nominated fund (or with the fund your employee chooses instead) to find out how best to make super contributions for your employee.

    Incentives

    It is illegal for a super fund to give you benefits – for example, a free holiday, as an incentive to use their fund as your nominated fund.

    It's not illegal for a super fund to give benefits to your employees – such as financial literacy seminars or preferential death benefits, as an incentive for them to choose their fund.

    Next step:

    Last modified: 10 Oct 2017QC 33736