Checklist: Super Stapling – What Employers Need to Know and How to Prepare

To prevent the creation of unnecessary superannuation (super) accounts, the Australian Government has introduced a system as part of new ‘Your Future, Your Super’ legislation, whereby super accounts will now be ‘stapled’ to members, effective from 1 November 2021.

This means that employees will keep their existing superannuation fund when they change jobs, unless they choose a super fund themselves.

To help you and your organisation remain compliant with the upcoming legislative changes to superannuation, we’ve created a checklist which identifies the changes and their implications on employers, and provides guidance on areas such as:

• How to ensure you are ready to request stapled super fund details
• Offering new employees a choice of super fund 
• What to do if a new employee doesn’t choose a super fund
• When to use default funds