New employees from 1 November 2021

January 4, 2022

From 1 November 2021, where no choice is made of a superannuation fund by a new employee, the employer can no longer use their default employer super fund. Instead, there is a requirement that the employer must use the employee’s 'stapled super fund'.

A 'stapled super fund' is an existing super account of an employee that follows them as they change jobs. The employer will be required to source the name of the superannuation fund from the Australian Taxation Office (ATO).

What you need to do from 1 November 2021

Step 1: Offer your new employees a choice of super fund

You need to give your new employees a Super standard choice form and pay their super into the account they tell you on the form. There is no change to this step of your super obligations.

If your employee doesn’t choose a super fund:

  • Request stapled super fund details

You may need to log into the ATO’s online services and go to ‘Employee Super Accounts’ to request their stapled super fund details. Your accountant can do this for you.

The ATO will provide your employee’s stapled super fund details after they have confirmed that you are their employer.

  • If no stapled super fund, pay super into a default fund

You can pay into a default fund if your employee doesn’t choose a super fund and the ATO has advised you that they don’t have a stapled super fund.

Please contact us if you’d like to know more or if you have any questions.

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