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Eligibility
Choice of Fund legislation is designed to give most working Australians control over where their superannuation contributions are made.
The legislation applies to Superannuation Guarantee contributions, which are the amounts paid by employers on behalf of their employees.
Can I choose my own superannuation fund?
Your employment conditions will determine if you are eligible for Choice of Fund. Generally, you will be able to choose the fund into which your employer contributes on your behalf if:
- you are covered by a Federal award
- you are not covered by any award or registered agreement
- you are covered by a State award and your employer is a constitutional corporation
If you do not know whether you are covered by an award, or the name and details of the award, your employer or union representative should be able to tell you.
The following flowchart makes it easy to work out whether or not you are eligible.
Please click the image for a bigger view.
What if I don't make a choice?
You do not have to choose a superannuation fund.
Generally, if you do not make a choice, your employer will have selected a default fund – also known as an employer fund – into which your superannuation will be paid.
If you are employed under an award, your conditions of employment will name your default fund.
What if I am not eligible?
If you are not eligible for Choice of Fund, your employer will determine your default fund.
Because Choice of Fund legislation only applies to Superannuation Guarantee payments made by employers, you can still choose to pay personal contributions or transfer your superannuation to the fund of your choice.
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