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  SuperannuationContributionsEmployee Choice      Wednesday, 27 January 2021  

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Employee Choice


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From 1 July 2006

From 1 July 2006, employees working for corporations who previously could not choose a fund because they were employed under a state award are able to choose a fund.  These employees are now covered under a Federal workplace agreement called a ‘notional agreement preserving state awards’. 

Employee choice

Choice of superannuation fund started on 1 July 2005. If an employer had eligible employees as at 1 July 2005, they were required to provide the Standard choice form (NAT 13080) to them by 28 July 2005.  For new eligible employees starting after 1 July 2005, they must provide the Standard choice form to them within 28 days of their start date.  (Refer to a copy of the form below).

Employees do not have to choose a new fund even if they are eligible to do so. Choice of superannuation fund gives them the right to choose a new fund – it is not compulsory. If an employee does not choose a fund, the employer must pay their superannuation guarantee contributions into the employer fund nominated on the Standard choice form.

Eligibility

An employee’s eligibility to choose a superannuation fund generally depends on the type of award or industrial agreement under which they are employed. 


This page was last edited on 7 January 2021

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