Changes to the law mean new workplace determinations and enterprise agreements made on or after 1 January 2021 must offer employees the right to choose the super fund to which you pay their compulsory super contributions.
Once a new determination or agreement is in place, you’ll need to offer choice of super fund to:
- existing employees who request to choose their super fund
- all new employees.
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 to complete.
You must then pay the employee’s compulsory super to their nominated fund.
If an employee doesn’t nominate a fund, you can continue to pay their super to the same fund you previously contributed to, or into your default fund.