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. If an employee does not nominate a super fund and does not have a stapled fund, the employer will make super guarantee (SG) contributions to their default fund.

Choosing us as your default fund

We’re an award-winning Industry SuperFund and a profit-to-member fund, meaning our decisions have our members’ interests front of mind. We have a strong investment performance record,* believe in active investing to improve the net returns for our members, a competitive insurance offering and an authorised MySuper option.

We care about helping our members achieve their personal goals and improving their financial wellness at every stage of their life. Our members – your employees – have access to a range of extra benefits and services when they join us.

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

If you’re searching for the right default fund, compare super funds carefully to make sure the one you choose meets the ATO’s minimum requirements, but also suits your business and your employees’ needs.

The final choice is up to your employees

Most employees are eligible to 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 CareSuper is your default fund, you can use ours.)

If the new employee does not choose a fund, you will then check with the Australian Taxation Office (ATO) for a stapled fund. If a stapled fund is found, the employee contributions will go to the stapled fund. If one is not found, 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.