Hello Chasers,
Here’s a timely reminder for those of you employing new Team Members over the Summer period.
The ATO is reminding employers that, when they have new employees that have not provided them
with their choice of super fund, super contributions should be made into:
- the employee’s stapled super fund; or
- the employer’s nominated account (but only if the ATO advises that the employee does not have a stapled super fund).
NOTE: A stapled super fund is an employee’s existing super account which is linked, or ‘stapled’,
to them and follows them as they change jobs.
In December 2022, the ATO is releasing a solution that enables employer software and payroll products to request stapled super funds. That is, stapled super-enabled software will allow the employer to request stapled super details from within their business software, so they will no longer have to request them separately via ATO Online Services.
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