Superannuation Funds and Employees

8 November 2017 | Business Tips

Do you have an employee that hasn’t nominated their Superannuation fund ?

If your employees haven’t provided their super fund information, you will need to make their super guarantee payments into your employer-nominated or default fund by the required due dates.

As an employer, you must nominate your default fund and make sure that it is:

  • a complying fund that meets requirements and obligations under super law
  • a MySuper product registered by the Australian Prudential Regulation Authority

You should contact the fund you have chosen before offering it as a default fund.