Choosing a default fund is a very important decision as it will play a key part in the quality of retirement for many of your staff. Modern Awards (made by the Fair Work Commission) specify the super fund/s that an employer can choose from to nominate as their company’s default fund.
All employers must ensure that their default fund is a MySuper product. The good news is all Industry SuperFunds already have a MySuper product so it’s easy to find a quality super fund for your employees. The tool below will help you find the Industry SuperFund/s listed in your industry’s Modern Award.