MySuper for employers

From 1 January 2014, employers must make super contributions to a fund that offers a MySuper product.  MySuper is a new super product that will replace existing default products.

Employers generally have a default fund, where they make super guarantee payments for employees who have not selected a preferred fund.

In 2013, super funds have been obtaining authorisation for the new MySuper products. Funds are advising employers of arrangements for paying their super guarantee contributions.

Basically you need to check your existing default fund arrangements and if they have advised you of their MySuper arrangements.


You can also visit the ATO website for more information about superannuation for employers: Guide to superannuation for employers.




Source:  www.ato.gov.au