Business Masterclass: Super Stapling Explained

What can you expect?

Super stapling came into effect from 1 November 2021, so it’s time for employers to get their ducks in a row. If you’re still scratching your head, Ray Jaramis is hosting a webinar to cover what super stapling is, why it is necessary, and how will it impact your business.

What is super stapling?
Super stapling came into effect this year on 1 November, so if you haven’t caught up on it just yet, now is the perfect time to do so. Employees starting a new job should advise you, their employer, on which super fund they’d like their super paid into. The official term for this is ‘choice of fund.’ Where a choice was not made by an employee, you could ‘default’ them into your company-nominated fund.

However, as of 1 November ‘defaulting’ an employee into your company-nominated fund is no longer allowed without first checking if your employee already has an existing super fund. Essentially, if an employee doesn’t nominate a super fund themselves, the onus is on you, the employer, to search for your new employee’s existing ‘stapled’ super fund via the ATO. A stapled super fund is an existing super account that is linked or ‘stapled’ to an individual employee and follows them no matter what job or role they move to.

This obviously creates a lot of questions, and we’re here to answer them. Join Ray Jaramis, Head of Employee Wellness as he provides a run-through of Super Stapling and what it means for your business.

What does Ray cover in the session?

• What SMBs need to know about Super Stapling
• How this will affect your onboarding process
• Why this is important for your staff
• Hidden considerations
• How to manage this with Employment Hero

Watch now.

Disclaimer: The information in this article is relevant as at 19 October 2021, and has been prepared by Employment Hero Pty Ltd ABN (11 160 047 709) (Employment Hero). The views expressed herein are general information only and are provided in good faith to assist employers and their employees. The Information is based on data supplied by third parties. While such data is believed to be accurate, it has not been independently verified and no warranties are given that it is complete, accurate, up to date or fit for the purpose for which it is required. Employment Hero does not accept responsibility for any inaccuracy in such data and is not liable for any loss or damages arising either directly or indirectly as a result of reliance on, use of or inability to use any information provided in this article.