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Setting up your default super fund

As an employer, you must have a nominated default super fund and pay super guarantee (SG) into that fund for employees who don’t choose their own and don’t have a stapled fund.


How to set up your default super fund

Looking to make Rest as your default super fund? Here’s how.

1. Join Rest as an employer

Complete this form to get started. Or for support, contact our contact centre.

2. Select ‘Yes’ for default fund 

Under ‘Basic information’, when asked, “Do you want to make us your ‘default fund’?”, make sure to tick ‘Yes’.

3. Provide the Standard choice form

Share the Rest Standard choice form with your employees who are eligible to choose their super fund. For new employees, you’ll need to give them the form within 28 days of their start date.

Why is your choice of default super fund important?

Even though most employees will either choose a super fund or have a stapled fund, you’ll still need a default fund for those who don’t. This helps you meet the quarterly due dates for super payments and avoid potential penalties.

For compliance, your default super fund must be registered by the Australian Prudential Regulation Authority and offer a MySuper product, so it’s important to choose carefully. For Rest, this is our Growth investment option

Additionally, the default super fund you choose can have a long-term impact on your employees’ retirement savings. Key factors like a fund’s fees, investment performance, available investment options, and insurance cover can make a difference over time. 

Other features such as digital tools, member services, and educational resources can go a long way in shaping your employees’ super experience. Choosing a fund that’s competitive in these areas can help provide better support for their future.

The benefits of choosing Rest Super

Experience and expertise — We’ve been helping businesses with super for more than 35 years. More than 300,000 business owners choose Rest for their super needs.

Specialist support and resources — From a simple setup to easy payments, we’ll look after super while you look after your business.

Competitive performance — Since Rest was founded in 1988, our Growth investment option has returned 8.35% p.a.*

Competitive fees — At Rest we keep our fees competitive, thanks to the scale of our 2 million members.

*Growth's returns are the compound average effective rate of net earnings since inception to 31 December 2024. Past performance is not an indicator of future performance.

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