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Back to Employer obligations

Offering your employees choice of super fund

For employers, superannuation is an essential part of business, but for your employees, it’s one of the most important financial investments they’ll ever have. You have an opportunity to give your team a strong start on their retirement, and it starts with choice.

Your role as an employer

Under Choice of Fund legislation, employers must give eligible employees the right to choose which super fund they’d like their Super Guarantee (SG) contributions paid into.

Here’s a breakdown of what you need to do:

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1. Offer up front choice

You must give employees a Standard Choice Form within 28 days of their start date, so they can nominate their preferred super fund. 

Download our standard choice form
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2. Check for stapled fund

If they do not nominate a fund, you must check with the ATO for a stapled fund. The ATO’s stapled fund search will find any existing super accounts that might already be assigned or ‘stapled’ to them, so that you can pay super into this account.

Learn more about stapled funds
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3. Use your default fund

If after the stapled fund search, the ATO tells you that no pre-existing account exists, and your employee doesn’t choose a preferred fund, you can pay into your default fund.

Set up your default fund

Employees can generally choose their fund if they:

  • Aren’t covered by a specific industrial agreement that mandates a particular fund
  • Are employed under newer enterprise agreements or workplace determinations
  • Are contractors paid mainly for their labour
Some employees may not be eligible due to legacy agreements or defined benefit arrangements.
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Why choice matters 

Giving your team choice helps them select a fund that aligns with their values, investment goals, and encourages early engagement to grow their balance over time.  Meet your obligations with ease - Share Rest’s Choice of Fund form

Download our choice of fund form

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