10 November 2020
A change to the law means that you may need to offer employees more choice in relation to the super fund that you pay their compulsory superannuation (super) contributions to.
All workplace determinations and enterprise agreements made on or after 1 January 2021 must give employees the right to choose their super fund.
Once a new determination or agreement is in place, you'll need to give a Superannuation (super) standard choice form to:
You must then pay employees' compulsory super to their nominated fund.
If an employee doesn't nominate a fund, you can continue to pay their super into the same fund you previously contributed to, or into your default fund.
All employees can nominate their chosen fund by completing the standard choice form through ATO online services linked to their myGov account.
Alternatively, you can give your employees a Superannuation (super) standard choice form.
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