Superannuation :: Super Choice for Employees
How does Super Choice affect you?
From 1 July 2005 you may have the right to choose the super fund to receive your SG contributions. It’s important to note that it does not apply to salary sacrifice payments or voluntary employer contributions. However, by negotiation with your employer, you could request that they pay all such payments to your chosen fund (although they are not legally required to do so).
Your employer will be responsible for providing you with a standard choice form. The standard choice form will allow you to nominate a fund of your choice for SG contributions. Currently there is no specified time for you to return the standard choice form to your employer. Although, if you nominate a fund, your employer has two months to get ready to pay contributions into that fund. After this time the superannuation contributions must be paid your chosen super fund.
You do not have to exercise super choice of fund. In fact, your employer can pick one for you as the default fund, provided it complies with the requirements of offering life insurance. Your TOWER employer sponsored fund will satisfy the requirements for being an employer’s default fund. This means, that assuming your employer nominates the TOWER employer sponsored fund as their default fund, you don’t need to do anything to continue having your SG contributions paid there.
Read our Guide for Employees 
for more information about Super Choice and how it affects you.
