Super Choice

Extending super fund choice opposed by unions, industry funds

employee choice of super fund, industry super, trade union royal commissionWith pressure increasing on the Government to remove exemptions from employee super fund choice unions and some industry super funds are opposing the changes.

Though many more people can choose which superannuation fund receives their employer contributions since the introduction of super choice, many still can’t due to the exemptions from super choice relating to enterprise agreements and state-based awards.

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Union royal commission considering changes to super choice

Super choice - trade union royal commissionThe Royal Commission into Trade Union Governance and Corruption may recommend changes to the super choice rules.

The Counsel Assisting Submissions to the Royal Commission include a recommendation that super choice should be extended to employees covered by collective and enterprise agreements.

Under the current super choice rules many employees may choose which fund receives their employer superannuation contributions. However this choice can be overridden.

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