An employee is entitled to superannuation contributions from the first day you employ them. You have to pay superannuation contributions for each eligible employee at least four times a year, within 28 days after the end of each quarter. Each superannuation contribution period ties-in with the quarters of the financial year.
Employers must provide Eligible Employees with a standard Choice Form within 28 days from the day they started work with that employer. Superannuation funds can provide a standard choice form to you. If the fund is a self managed superannuation fund, your employee should also provide you with evidence that it is a regulated superannuation fund. This evidence must have originated from the Australian Taxation Office.
The ‘Choice of Superannuation Fund’ options give many employees the right to choose which superannuation fund the employer contributions are paid into. It is important to realise that many employees, especially new workers, will not know much about super funds. You can assist them with suggestions, but in the end the decision is theirs.
