Superannuation Default Fund

Choosing a default fund is a very important decision as it can play a key part in the quality of retirement for some of your new staff.

Modern Awards (made by the Fair Work Commission) specify the super fund/s that an employer can choose from to nominate as their company’s default fund.

You might find this tool useful if you’re:

understanding your obligations as an employer.
checking which super funds are covering your industry.

All employers must ensure that their default fund is 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.

Find the super funds that are covering your industry

Fund finder

Disclaimer

This tool provides information in relation to Modern Awards as varied from time to time by the Fair Work Commission 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.

How to use our default super fund finder

Select your industry from more than 100 options.
Select your relevant occupation.
Review the results. You’ll see which Award covers that sector and which Industry SuperFunds apply to it.

How our finder works and what it shows

We base this finder on Modern Awards (made by the Fair Work Commission) that specify the super fund/s that an employer can choose from to nominate as their company’s default fund.

How do you set up a default super fund for your employees?

In short, the steps are as follows:

Offer your employee a Standard Choice Form within 28 days of starting employment.
If the employee does not choose a fund, check with the ATO to determine whether a stapled super fund exists for the employee.
If the ATO provides stapled fund details, pay contributions into that fund.
If no stapled super fund exists, pay contributions into your nominated default super fund.
As mentioned, always ensure your default fund offers a MySuper product and complies with any applicable award or enterprise agreement requirements.

FAQS

What is a default super fund?

A default super fund is the super fund nominated by the employer to receive contributions when an employee has not chosen their own fund and does not have a stapled super fund associated.
Why do employers need to check for a stapled super fund first?

Employers must check for a stapled super fund to comply with ATO requirements. A stapled fund is an existing account linked to an employee and follows them from job to job.
As mentioned, if an employee does not choose a fund, the employer must request stapled fund details from the ATO before using a default super fund.
What is the Superannuation Standard Choice Form?

Employees use this form to nominate their preferred super fund, and employers must provide this document within 28 days of an eligible employee’s start date.
Note: It can also include details of the employer’s default fund.

How our finder works and what it shows

How do you set up a default super fund for your employees?

FAQS

Thank you for your enquiry

An error has occurred

How our finder works and what it shows

How do you set up a default super fund for your employees?

FAQS

What's your question?

Talk to someone who knows how to help

Thank you for your enquiry

An error has occurred