Which Industry SuperFund can I choose?

If you are an employer, you must offer all employees that are eligible for superannuation a choice of which fund their payments are made into^. On 1 January 2010, new Modern Awards came into force. In most cases, these awards specify the super fund/s that an employer must make contributions to if an eligible employee fails to choose a fund. These are called default funds.

The tool below helps employers find the fund/s listed in your industry's Modern Award that carry the Industry SuperFunds' symbol.

By choosing a fund that carries the Industry SuperFunds' symbol as your workplace default fund, you can be sure the fund is run only to benefit members. It could mean tens of thousands of dollars more for your employees' retirement.*

To find out which Industry SuperFunds are listed within a Modern Award as a default fund for a particular industry and/or occupation; first choose the appropriate industry then the relevant occupation.

Fund Finder

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It's important to note that the industries listed are those to which Modern Awards apply and in many instances the occupations are described in a generic way. Not all employees and occupations within an industry are subject to a Modern Award, so you should confirm that the Modern Award applies. If you are not sure if the Modern Award applies to your circumstance, we suggest you visit the Fair Work Australia website to investigate further.

DISCLAIMER

* Based on projected outcomes applying today's average fees for samples of Industry SuperFunds and Retail Super Funds (retail master trusts). Differences in fees may change in the future affecting the outcome. Comparison by SuperRatings, commissioned by ISN Pty Ltd ABN 72 158 563 270 Corporate Authorised Representative No. 426006 of Industry Fund Services Ltd ABN 54 007 016 195 AFSL 232514. Consider a fund’s PDS and your objectives, financial situation and needs which are not accounted for in this information before making an investment decision.

^This tool provides information in relation to Modern Awards as varied from time to time by Fair Work Australia and does not take into account any overriding workplace agreement or other industrial instrument that may apply. It is intended as a guide only.

The content of this default fund finder tool and this website should be used as a general guide only. Precautions have been taken to ensure the information is accurate, but the publisher does not guarantee, and accepts no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency or completeness of any material contained on this site or on any linked site.

The information provided is not a substitute for independent professional advice and users should obtain any appropriate professional advice relevant to their particular circumstances.

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