As of 1 November 2021, if you employ workers and they fail to provide you with the details of their super fund, there is an extra step you need to take. From the 1 November, the existing super accounts of all employees will be ‘stapled’ and will follow them when they change jobs.
If you employ any new workers from this date and they do not provide you with their super fund details on the Super Choice Form they are required to complete on commencement of employment, you will need to contact the Australian Taxation Office to request the employee’s ‘stapled super fund’ details. You will be able to request these details for your employees via the ATO Online services for business. HHH Partners will also be able to request this information on your behalf.
It is important as an employer that you meet your choice of super fund requirements and stapled super fund obligations by the normal quarterly due dates for superannuation guarantee payments or you may face penalties.
What you need to do from 1 November 2021.
Step 1 – Offer your eligible employees a choice of super fund
There is no change to this step. You still need to give your eligible new employees a Super Standard Choice Form and pay their super into the account they advise on the form
Step 2 – Request stapled super fund details
If your employee does not provide you with their super fund details, you will need to log into the ATO Online services and go to Employee Super Accounts to request their stapled super fund details. If you don’t have access to the ATO Online services, HHH Partners will be able to access this information on your behalf.
After the ATO has confirmed you are the employer, they will provide you with the stapled super fund result for the employee. If stapled super fund results are provided by the ATO, you must pay your employee’s super payments into the account provided by the ATO.
Step 3 – Pay super into your default fund
You can pay super into your default fund if:
- Your employee doesn’t choose a super fund on the Super Standard Choice Form, and
- The ATO has advised you the employee doesn’t have a stapled super fund
If you have any further questions regarding these super changes or need further assistance, please don’t hesitate to contact the team at HHH Partners.