Superannuation Stapling

From the 1st of November 2021 the way employers handle employee default super accounts has changed;

  • Employees still have the right to choose their own super fund and you should give them super choice paperwork when they commence working for you.
  • If your employee does not choose a fund within 28 days in most cases you should pay their super to their stapled fund. You can work out which fund this is by contacting the ATO.

The current url for the request isĀ https://www.ato.gov.au/Business/Super-for-employers/Setting-up-super-for-your-business/Offer-employees-a-choice-of-super-fund/Request-stapled-super-fund-details-for-employees/

If you need help implementing this change in your business please get in touch.