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.

Choosing us as your default fund

Considering CareSuper? Take comfort in knowing we’re a complying industry super fund with a strong and active investment performance record,* 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 – gain a range of extra benefits and services when they join us.

Did you know CareSuper is an award-winning industry super fund?

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 of a default fund, but also suits your employees’ needs.

Industrial awards and EBAs

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.

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.