Super News
A must-read for any employers that pay super on behalf of their employees
From 1 November, the super choice rules will change with the introduction of the stapled super fund. A stapled super fund is an existing account that is linked or 'stapled' to an individual employee, so it follows them as they change jobs. This change aims to reduce the number of additional super accounts opened each time someone starts a new job.
What do you need to do from 1 November 2021?
When you take on new employees and they don't choose a specific super fund, you should check to see if they have a stapled super fund by requesting their 'stapled super fund' details from the ATO. You can do this by logging in to Online Services and going to ‘Employee Super Accounts’. More information about Online Services is available by clicking the button below.
If there is a stapled fund result for the employee, details will then be provided to you, and you must pay the super to the details provided. If your employee doesn’t choose a fund AND you receive advice that they do not have a stapled super fund, then you can pay the funds to your default fund.
Click the button below for more information about how to request the fund details for employees.