The ATO has announced that as of 1 November 2021 there are further obligations to complete if a new employee starts and does not elect or specify a superannuation fund under the "super choice" rules.  This adds a further obligation on the employer to take steps to check if the new employee has an existing superannuation fund which you may use as their "stapled super fund".

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
• your employee is eligible to choose a super fund, but doesn’t.

More detailed information may be found on the ATO website - just click here for the full story.

Disclaimer: This information is general in nature. So, before acting on this or any other information, it is important to seek professional advice related directly to you and your circumstances.  Should you require our assistance, contact your Primarius Team leader, or email us at info@primarius.net.au