Important Information
Superannuation Choice
The Platform is a HR and people management platform.
All content in the Platform is factual information only. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice.
The Platform enables you to on-board as a staff member and input your personal details, provide a tax declaration and choose your super fund. It also allows users to change their super choice at a later time. In doing so, Employment Hero is not providing any taxation advice in relation to your declaration or financial product advice in relation to which super fund would suit your financial circumstances, needs or preferences.
In choosing your super fund, there are a number of options available to you – you could choose one of your existing super funds, your employer’s default fund, other super funds or a SMSF. The Platform provides factual information about these options.
Some of these options are funds that Employment Hero has an agreement with and, where this is the case, these options will be shown as sponsored funds. As you will see in the Platform, there are for different types of sponsored funds:
- Sponsored existing fund: This is a fund that we have an arrangement with and that you are already a member of, which you can select as your chosen fund;
- Sponsored default fund: This is a fund that we have an arrangement with and that your employer has chosen as their default fund, which you can select as your chosen fund;
- Sponsored partner fund; This is a fund that we have an arrangement with and, if you select this fund as your chosen fund and don’t have an existing account, you can apply to join this fund via the Platform; and
- Sponsored referral fund: This is a fund that we have an arrangement with and, if you select this as your chosen fund and don’t have an existing account, you will be referred to the fund’s website to initiate the fund’s application process outside of the Platform.
Sponsored funds may be visible via different placement options, tiles, or communication touchpoints within the Platform’s onboarding and member services journey. No matter the option, we will make it clear and sufficiently prominent if a fund is a sponsored fund.
We are paid fees in relation to any sponsored fund. To find out more about these fees, please contact the trustee of the super fund or refer to the information provided in the Platform about this.
By including sponsored funds on the Platform, Employment Hero is not providing any opinion or recommendation (actual or implied) in relation to the suitability, appropriateness or competitiveness of these super funds. While Employment Hero may conduct limited commercial due diligence on the trustee and super fund before entering into an agreement with them, this due diligence does not in any way, shape or form constitute any opinion or recommendation in relation to a super fund generally or specific to your purposes.
The Platform enables you to view a range of documents for sponsored funds (including fact sheets, product disclosure statements, financial services guides and privacy policies). Employment Hero does not have any control over the content of these documents and does not provide, endorse or otherwise assume responsibility for those documents. Rather, the Platform simply republishes these documents for the convenience of users.
The Platform may provide key data about a sponsored fund in a tile in the Platform. This data is limited to fees and investment returns over 1 year and 6 years. This information is sourced directly via an API from Nuj Super and Employment Hero simply re-publishes this data and will specify the date that this data was sourced from Nuj Super on the Platform. Importantly, Employment Hero does not have any control over the data provided by Nuj Super, endorse or otherwise assume responsibility for this data. To find out more about Nuj Super, please see https://www.nujsuper.com/.
The Platform may also provide data insights from the Platform’s user population or experience. These insights are limited to trends and are designed to be helpful. Importantly, these data insights do not constitute any financial product advice (actual or implied) in relation to which super fund may be right for you. These data insights are collated using the data from the Platform. It is important you undertake your own research and always read the fund’s Product Disclosure Statement before making any decision. The Platform is not a comparison site, and it simply provides you with an online choice of fund form for your convenience. While the options are listed in tiles on the Platform, these options are not ordered in any particular way for a user. Any position or placement of an option should not be interpreted as an opinion or recommendation by the Platform or Employment Hero as to the suitability of a super fund generally or specific to your financial circumstances, needs or preferences. If at any time (as part of the onboarding or otherwise), you are unsure what super fund is right for you, you should consider getting advice from a financial advisor.
We will make a number of documents (including product disclosure statements) available to you electronically in the platform via hyperlink. You consent to receiving such documents via hyperlink and acknowledge that it is important that you read these documents and download or print a copy for future reference.
We will make a number of documents (including product disclosure statements) available to you electronically in the platform via hyperlink. You consent to receiving such documents via hyperlink and acknowledge that is important that you read, these documents and download or print a copy for future reference.
Information current as of 01 May, 2025.