Where your business hires new workers from 1 November, you'll no longer be able to open default super accounts for employees who don't nominate a super fund.

Previously, if a new employee didn't choose their own super fund, you could pay super contributions for them to your default fund.

From 1 November, if you have new employees start and they don't choose a specific super fund, you may need to request their 'stapled super fund' details from the ATO using ATO online services.

A stapled super fund is an existing account which is linked, or 'stapled' to an individual employee, so it follows them as they change jobs. This change aims to reduce the number of additional super accounts opened each time they start a new job.

Click here for further information.

If you require any assistance in relation to the extra Super step, or any other matters, please contact our office on (03) 5443 8888 or mgr@mgr.com.au.