A default fund is the super fund that you pay an employee's super contributions into if they don’t nominate their own fund or have a stapled fund (an employee’s existing super fund that is ‘stapled’ to them for the duration of their career, unless they choose another fund).

By law, all employers must select a default super fund that offers a MySuper product. Employers are required to pay all contributions made for employees who have not exercised choice of fund and do not have a stapled fund to the selected default fund. These default superannuation contributions will be invested in the MySuper product of the default fund.

MySuper is a type of super product designed to have simple features and low-cost. These products were introduced by the Government to help employers compare MySuper products more easily irrespective of which fund provides them based on a few key features. Rest’s MySuper product is the Growth investment option.