Default fund finder
The rules have changed. Has your default fund?
Choosing a default fund is a very important decision as it will play a key part in the quality of retirement for many of your staff. However, there are some important rules in place when it comes to selecting a default fund.
Modern Awards (made by Fair Work Australia) specify the super fund/s that an employer can choose from to nominate as their company’s default fund. This ruling has been in place for some time now. But from January 1 2014, the rules changed slightly and all employers must ensure that their default fund is now a MySuper product.
The good news is all Industry SuperFunds already have a MySuper product so it’s easy to find a quality super fund for your employees. The tool below will help you find the Industry SuperFund/s listed in your industry’s Modern Award.
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.