Understanding your super responsibilities

Super Guarantee (SG) is a compulsory contribution which all employers need to make on behalf of each of their eligible employees. Employer contributions are paid directly to each employee's nominated super fund, or a default fund on their behalf.

What you need to do

As an employer, the SG legislation requires you to contribute a minimum of 9.5% of an employee’s ordinary time earnings as super. These payments may be claimed as a tax deduction.

Offering employees choice

Choice of Fund legislation allows eligible employees to choose which super fund their contributions are paid into. However if they do not make a choice, you can choose a MySuper compliant product to pay super into on their behalf.

Who is eligible for Choice of Fund?

As an employer you are responsible for identifying which employees are eligible for Choice of Fund.

For those employees who are eligible, you must provide a Standard Choice of Fund Nomination form to them within 28 days of their start date.

Employees can generally choose their super fund if they are:

  • employed under a federal award
  • employed under a former state award, now known as a ‘notional agreement preserving state award’
  • employed under another award or agreement that does not require super contributions, or
  • not employed under any state award or industrial agreement (including contractors paid principally for their labour).

Employees are generally not eligible to choose a super fund if you pay super for them under a:

  • state industrial award
  • preserved state agreement
  • federal industrial agreement such as an Australian Workplace Agreement (AWA)
Or if they are in a defined benefit fund

Enrolling your new employees is easy

Whether your employees are new to Rest or existing Rest members, enrolling new employees online is easy, all you need to do is follow the simple steps below.

This website is provided by Retail Employees Superannuation Pty Limited ABN 39 001 987 739, AFSL 24 0003 (Rest), trustee of Retail Employees Superannuation Trust ABN 62 653 671 394 (Fund), of which Rest Super, Rest Corporate, Rest Pension and Acumen are part. It contains general advice that has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, consider its appropriateness and the relevant Product Disclosure Statement (PDS), which is available on this website. The cost of providing financial services is included in the fees in the Fund as disclosed in the relevant PDS. Rest and the Fund do not charge any additional fees or obtain any commissions for the advice provided. Rest’s employees are paid a salary and do not receive any commissions. They may receive a performance related bonus that takes into account the financial services provided. Super Investment Management Pty Limited (ABN 86 079 706 657, AFSL 240004), a wholly owned subsidiary company of Rest, manages some of the fund’s investments. Apart from this, Rest does not have any relationships or associations with any related body corporate or product issuer that might reasonably be expected to be capable of influencing Rest in providing financial services.

Rest personal advice is provided by Rest Advisers as authorised representatives of Link Advice Pty Ltd ABN 36 105 811 836 AFSL 258145

Awards and ratings are only one factor to consider when deciding how to invest your super. Further information regarding these awards can be found at rest.com.au/about-rest/awards. Past performance is not an indicator of future performance. SuperRatings Pty Limited does not issue, sell, guarantee or underwrite this product. Go to superratings.com.au for details of its ratings criteria. For further information about the methodology used by Chant West, see www.chantwest.com.au