Superannuation changes for your new employees from 1 November 2021

From 1 November 2021, if you have new employees start and they don’t choose a superannuation fund, you will have an extra step to comply with the new rules.

You will need to request their ‘stapled super fund’ details from the Australian Taxation Office (ATO).

A stapled super fund is an existing super account of an employee that follows them as they change jobs.

What you need to know

You may need to request stapled super fund details when:

• your new employee starts on or after 1 November 2021’
• you need to make super guarantee payments for that employee, and
• your employee is eligible to choose a super fund but doesn’t.

You may still need to request stapled super fund details for some employees even though you don’t need to offer them a choice of super fund. This includes if your employees are temporary residents or they’re covered by an Enterprise Agreement or Workplace Determination made before 1 January 2021.

You and your representatives can request stapled super fund details for your employees if you have full access to Online services for business with the ATO.

What you need to do from 1 November 2021

Step 1: Offer your eligible employees a choice of super fund

You need to give your eligible new employees a Super standard choice form (if you do not have one we can provide this to you upon your request) and pay their super into the account they tell you on the form. Most employees are eligible to choose what fund their super goes into.

There is no change to this step of your super obligations.

Step 2: Request stapled super fund details

If your employee doesn’t choose a super fund, you may need to log into our Online services and go to ‘Employee Super Accounts’ to request their stapled super fund details.

The ATO will provide your employee’s stapled super fund details after they have confirmed that you are their employer.

If the ATO provides a stapled super fund result for your employee, you must pay your employee’s super using the stapled super fund details the ATO provide you.

Step 3: Pay super into a default fund

You can pay into a default fund, or another fund that meets the choice of fund obligations if:

• your employee doesn’t choose a super fund, and
• the ATO have advised you that they don’t have a stapled super fund.

Like always, please do not hesitate to contact us on 8538 7266 should you have any questions.

Article posted Wednesday 11th May, 2022