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Unformatted text preview: nuation fund. Generally, employers must offer choice of superannuation
contributions for that employee under: IDENTIFY AN APPROPRIATE
EMPLOYER FUND ■ a certiﬁed agreement or an Australian workplace An employer must nominate an employer fund that each fund to an employee unless they make superannuation agreement, or
■ a state award or industrial agreement (visit www.superchoice.gov.au for more information).
If an employer is a sponsor of a particular deﬁned
beneﬁt fund, they may not have to offer a choice of
superannuation fund to employees who are members (for
more information, see page six of the booklet Choice of
superannuation fund – guide for employers).
There will also be public servants and individuals working
for government agencies who may not need to be offered
choice of superannuation fund.
If an employee is engaged under a federal award, they
must be offered choice of superannuation fund whether
or not that award requires contributions to be made to a
speciﬁc superannuation fund.
Some state laws also provide for choice of superannuation
fund under state based arrangements. employee’s superannuation contributions will be made
to if the employee does not choose a fund. The employer
fund does not need to be the same fund for each
employee. However, employers can nominate only one
employer fund per employee. The employer fund can be
the fund into which you currently make superannuation
guarantee contributions for an employee.
Regardless of whether employers nominate a current or
new fund as their employer fund, they need to check that
the employer fund:
■ is a complying fund, and
■ meets the insurance requirements for choice of superannuation fund or is covered by the transitional
arrangements for insurance coverage.
Employers can contact the trustee or an authorised
representative of the fund to verify that the superannuation
fund is complying.
The insurance requirements for choice of superannuation
fund – and some exclusions to the insurance
requirements – ar...
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