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State – based choice
The Australian Taxation Office (ATO) is telling state-based employers that their employees may have access to choice of superannuation fund, effective from July 1.
The ATO is telling employers that if they are an incorporated business and have employees that are covered by state awards, they need to check whether they are now covered by a ‘notional agreement preserving state award’ under the Federal Government’s WorkChoices changes.
The ATO said that from July 1, such employees would be able to choose the fund into which their superannuation contributions are paid, and that employers are required to give them a standard choice form.
AUTHOR
Mike Taylor
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