About the Employer Sponsored Super Kit for Super Fund

Fully compliant with 1 July 2007 Commonwealth legislation being the "Plan to Simplify and Streamline Superannuation"


What is an Employer Sponsored Fund?

An employer sponsored fund is set up by an employer for the benefit of employees. It involves the employer sponsor contributing to the fund under an arrangement with the trustee rather than with the members.

How does it work?

Typically, “company funds” and “industry funds” are standard employer sponsored funds. Often, membership is restricted to employees of a particular employer or associated employers. They enter into arrangements with the trustee to contribute on behalf of their employees.

Once an employee has become a standard employer sponsored member of a superannuation fund their status will not change. This is provided the employee (even if they change employment) is a continuous member of the fund. A continuous member of a fund is one who does not leave the fund (for example by withdrawal, transfer or rollover).

This kit is for you to use if you have (or ever do have) a sponsoring employer.