Choice of fund

Managing Choice of Fund

Many working Australians are able to choose their own super fund and, as an employer, you will need to ensure that you meet your obligations.

The following information will help you to:

  • Determine if your employees are eligible for Choice of Fund
  • Select your default fund
  • Provide eligible employees a Standard Choice Form - download this form to see how to complete Part B if you choose AustralianSuper as your default fund.

Useful resources

AustralianSuper has developed a range of resources to help you with Choice of Fund. They are designed to explain the Choice of Fund legislation and help ensure you meet your obligations.

Clearing House Services

clearing house facility allows you to make just one payment and have it distributed to all of your employees' different superannuation funds. It is provided free of charge to eligible participating employers.

Comparing super funds

Use Super AppleCheck to compare AustralianSuper’s benefits and services with more than 100 super funds.

Standard Choice Form

This is the Australian Tax Office form that must be provided by you to all employees eligible for Choice of Fund on request once a year or when commencing employment.

Letter of Compliance

This letter from AustralianSuper confirms the Fund's eligibility to be selected as your employer (or default) fund, and to receive contributions on behalf of your employees. AustralianSuper is fully regulated, is a complying fund within the meaning of the Superannuation Industry (Supervision) Act 1993, and is MySuper Authorised 65714394898856. It is able to receive contributions that you make for your employees and offers insurance cover under the Choice of Fund requirements under the SG legislation.

Important note

Unless you hold an Australian Financial Services Licence (AFSL), or are an authorised representative of an organisation that holds an AFSL, you cannot recommend any financial products or give advice about any superannuation funds.

Breaches of the relevant legislation could expose employers to hefty fines and/or imprisonment.

Any person wanting advice about financial products should seek advice from an Australian Financial Services licensee or an authorised representative of a Licensee.

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