From 1 November 2021, you will have an extra step to take if you have new employees who start and they don’t choose a super fund.
You may now need to request their ‘stapled super fund’ details from the ATO.
A stapled super fund is an existing super account of an employee that follows them as they change jobs.
This change aims to stop your new employees paying extra account fees for unintended super accounts set up when they start a new job.
To find out more, click here.