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Unformatted text preview: erannuation and how to compare funds. This MUST NOT GIVE FINANCIAL ADVICE UNLESS
LICENSED TO DO SO free booklet is available by calling 13 28 64 or can be
downloaded from the website www.superchoice.gov.au Some employees may ask their employers for advice
they receive the Standard choice form. This might include ARRANGE TO BECOME A MEMBER OF
THEIR CHOSEN FUND advice about: If they are not already a member of the fund they wish to ■ joining or making contributions to a superannuation choose, an employee must arrange to become a member. about choice of superannuation fund, particularly when fund (including the employer fund)
■ consolidating superannuation accounts, or
■ selecting investment or insurance options within a fund. GIVE THEIR EMPLOYER A CORRECTLY
COMPLETED STANDARD CHOICE FORM
If an employee wishes to choose a superannuation fund,
they should provide their employer with the following Most employers are not licensed or authorised to give information: ﬁnancial product advice and therefore should not answer ■ the fund’s full name and contact details these types of questions. They can only give factual
information to employees about superannuation. ■ the fund’s Australian business number (if it has one)
■ the employee’s membership details, including their If an employee wants more than factual information, or account name in the fund and the number or other information about how to compare funds, their employer unique identiﬁer (if any) the fund uses to refer to their should refer them to the website www.superchoice.gov.au account and to the free booklet Super Choices which is available on
the website or by calling 13 28 64.
The employer could also suggest that the employee seek
advice from a licensed ﬁnancial adviser. Questions about
the employer fund should be referred to the fund’s trustee.
For more information, refer to ASIC’s frequently asked
questions about If I am an employer – what can I tell my
employees about making a choice of super...
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This note was uploaded on 03/25/2014 for the course FOBE 302 taught by Professor X during the One '13 term at Macquarie.
- One '13