Superannuation choice rules will change from 1 November

You’ll have an extra step to take if you have new employees starting after 1 November 2021 and they don’t provide you details of their chosen superannuation fund.

You will now need to request their ‘stapled super fund’ details from the ATO.

A stapled superannuation fund is an existing superannuation account of an employee that follows them as they change jobs. This change aims to stop your new employees paying extra account fees for unintended superannuation accounts set up when they start a new job.

You will need to request stapled super fund details when:

  • your new employee starts on or after 1 November 2021
  • you need to make superannuation guarantee payments for that employee, and
  • your employee is eligible to choose a superannuation fund but doesn’t

You may still need to request stapled superannuation fund details for some employees even though you don’t need to offer them a choice of superannuation fund. This includes if your employees are temporary residents or they’re covered by an Enterprise Agreement or Workplace Determination made before 1 January 2021.

You can request stapled super fund details for your employees if you have full access to ATO Online services for business. Remember, you must meet your choice of superannuation fund requirements and any stapled super fund obligations by the quarterly due date or you may face penalties.

For more information view the ATO Stapled Super webpage

For some more employee and superannuation info check out our FAQs & Resources page

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