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Stapled Super Funds

Attention all Employers: Stapled Super Funds

From 1 November 2021, if a new employee comes on board and doesn’t choose a superfund, you may need to contact the ATO to request their ‘Stapled Super Fund’ details.

Directly from the ATO:
‘A stapled super fund is an existing super account which is linked, or ‘stapled’, to an individual employee so that it follows them as they change jobs.’
The logic behind this new concept is to stop multiple super accounts being setup every time an employee commences with a new employer.

What are your obligations as an Employer?
Usually when a new employee is coming on board, they are given a Super standard choice form – This will still be the case.

However, if your new employee doesn’t choose a superfund, you will need to log onto Online Services For Business, and request their Stapled Super Fund Details.

Alternatively, you can contact us, your tax agents Connolly & Assoc, to obtain this on your behalf.

The ATO will then provide the Stapled Super Fund Details of that new employee.
These are the super details which must then be used when paying the new employee’s super.

If the ATO doesn’t have any details of the employee’s Stapled Super Fund, only then you may pay into a Default Super Fund.

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