Employers from 1st November 2021, may have an extra step to take for new employees that do not choose a Super fund.
The ATO says that the employer may now have to request their new employees ‘stapled super fund’ details from them.
A Stapled super fund means its already existing with the ATO from the employee’s previous job.
This change by the ATO is to stop new super accounts being started every time the employee changes jobs.
For more information – Click here
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