Automated compliance? Maybe not anytime soon.

September 16, 2021

The Australian Taxation Office recently put out new information about what employers will need to do if an employee doesn’t state their preferred fund for the payment of super guarantee contributions.

“Extra ‘super’ step when hiring new employees

Most new employees are eligible to choose the super fund you pay their super guarantee contributions to.

Currently, when a new employee doesn’t choose their own super fund, you must pay super contributions into your default fund.

From 1 November, if you have new employees start, you may have an extra step to comply with the choice of fund rules. If a new employee doesn’t choose a super fund, you may need to request their ‘stapled super fund’ details from us.”

Click here to read the full article.

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