Choice of Superannuation Fund

You may be aware of the new legislation that requires employers to offer employees a choice as to where their superannuation contributions are placed.

The new rules apply from 1 July 2005 and the purpose of this package is to provide you with information to deal with the new law.

Click on this link to view the documents listed:

1. A checklist of things to do; ....here!

2. A Question and Answer sheet explaining the main things you need to know; ....here!

3. A sample letter to employees setting out some information concerning the new law and asking them to complete the “Standard choice” form; ....here!  and

4. A blank copy of a “Choice of superannuation fund – Standard choice form”. An electronic copy of this form can be downloaded from the following website address: www.superchoice.gov.au;

5. An example of a “Choice of superannuation fund – Standard choice form” to refer to; ....here!  and

6. A spreadsheet that you may able to use to assist you in the administration of the choice form. ....here!

It is important you address this matter over the next few weeks and amend your procedures to ensure you comply with the new law.

Significant penalties will be imposed where employers fail to comply with the new law. Accordingly, we strongly suggest you start addressing the matters now so as to avoid the likelihood of penalties being imposed.

If I can assist you with any further information about the new law, please contact me on 9509 6633 or by e-mail.