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Choice of Fund

Choice of Superannuation fund legislation took effect on 1 July 2005, giving many Australian employees the option to choose their super fund.

 

As an employer, you need to:

 

  • Determine whether some of all of your employees are eligible for Choice of Fund.
  • Nominate a default fund (or funds if necessary for different groups of employees).
  • Provide eligible employees with a Standard Choice form.
  • Maintain records showing your compliance with the legislation.

 

Click here to obtain more detailed information.