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  • Giving your employees information and advice

    You can give your employees factual information about:

    • what choosing a super fund is about
    • the process of choosing a super fund
    • your obligations
    • what they can do to nominate a super fund as their chosen fund.

    But unless you're licensed by the Australian Securities & Investments Commission (ASIC) to provide financial advice, you must not make comments, recommendations or give advice to employees about:

    • the super fund they should choose
    • the level of their super contributions
    • whether they should consolidate their super.

    You can suggest your employees contact ASIC directly to find out more about comparing and choosing super funds:

    Last modified: 01 Jun 2015QC 33740