Nominating a default fund

Nominating a default fund

Choose the right default fund and you’ll only need to do it once.

Every employer needs to choose a default super fund for their employees. It enables your employees who can’t or don’t select a super fund to still receive their SG contributions.

What to look for in a default fund

If you’re searching for the right default fund, compare super funds carefully to make sure the one you choose not only meets the minimum requirements of a default fund, but also your employees’ needs.

Considering CareSuper? Be assured, we’re a complying super fund with a strong performance record,* a competitive insurance offering and an authorised MySuper option

We care about helping our members achieve their personal goals and live the life they want when they stop paid work.

Better yet, our members – your employees – gain a range of extra benefits and services to help them improve their financial prospects at every stage of their life.

Nominating CareSuper as your default fund is simple. You can do it in a few easy steps.

Industrial awards and EBAs are a bit different

If your business is covered by an industrial award, you’ll generally need to choose your default fund from the list of funds named in that award. If your company has an enterprise bargaining agreement (EBA), use the EBA as your guide.

To see which fund(s) are included in your award, try the Industry SuperFunds Finder tool. CareSuper is listed in over 50 Industrial awards, so there’s a good chance you can choose us.

The final choice is up to your employees

Most employees are eligible for ‘Choice of Fund’. They can choose which fund their super goes to.

When a new employee joins your company, you have 28 days to provide them with a Standard choice form. If they don’t choose a fund, their contributions will go into your nominated default fund.

* Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments.