Choice of Fund
Who is eligible to choose a super fund?
A person can generally choose their super fund if they are:
- employed under a federal award
- employed under a former state award, now known as a 'notional agreement preserving state award'
- employed under another award or agreement that doesn't require superannuation support, or
- not employed under any state award or industrial agreement (including contractors paid principally for their labour).
Who is not eligible to choose a super fund?
You may not be eligible under the superannuation guarantee to choose a super fund if:
- your empolyer pays superannuation for them under a:
- state industrial award
- preserved state agreement
- federal industrial agreement such as an Australian workplace agreement (AWA)
- pre-reform AWA, pre-reform certified agreement, collective agreement
- old IR agreement, individual transitional employment agreement (ITEA)
- workplace determination, or enterprise agreement (these are defined terms in Federal industrial relations law); or
- You are in a particular type of defined benefit fund or have already reached a certain level in a defined benefit fund.
- Some federal and state public sector employees are also excluded from choice of superannuation.
If you are not sure what award or industrial agreement, if any, is covered by:
visit WageNet at www.wagenet.gov.au