Unformatted text preview: annuation fund?
(QFS No 156). This is available from www.asic.gov.au ■ a statement, provided by or on behalf of the trustee of the fund, that the fund is a resident regulated fund and
is able to accept contributions from the employer
■ the method of payment the employer can use to make the superannuation contributions to the fund
■ the superannuation product identiﬁcation number (if any), and
■ the unique identiﬁer or number (if any) the employer uses to refer to the employee (such as a payroll
number). 8 ■ CHOICE OF SUPERANNUATION FUND If an employee’s chosen fund is a self managed
show that it is a regulated superannuation fund. If the fund SUPERANNUATION FUNDS
AND TRUSTEES’ OBLIGATIONS is less than two years old, this evidence should be the Tax The obligations superannuation funds and their trustees Ofﬁce notice of registration called Advice about regulation must fulﬁl under choice of superannuation fund are listed of your self managed fund. If the fund is more than two in this section. However, these obligations are explained in superannuation fund, evidence must also be provided to years old, this evidence should be the Tax Ofﬁce letter of more detail on ASIC’s website www.asic.gov.au compliance called Notice of complying fund status – self
managed superannuation fund.
If an employee does not provide all the information ADVISE EMPLOYEES IF THEIR EMPLOYER
CAN MAKE CONTRIBUTIONS TO THE FUND required, their employer can continue to make If requested, a trustee of a superannuation fund that contributions to the employer fund. wishes to accept new choice of superannaution fund An employee should keep a copy of the information they members should provide a written statement to an give to their employer and the date the information was employee that their fund is a resident regulated fund provided. The Tax Ofﬁce may contact the employee to and can accept contributions from the employer for the verify that all the required information was provided for a employee. choice to take effect. MUST NOT TAKE MONEY OUT OF THEIR
SUPERANNUATION FUND EARLY GIVE EMPLOYEES INFORMATION TO
COMPLETE THE STANDARD CHOICE FORM
If the superannuation fund is able to accept contributions Employees must not use a self managed superannuation from the employer on behalf of an employee, trustees fund or other scheme to obtain improper early access should provide t...
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- Superannuation in Australia, superannuation fund