WA Super News
Nominating WA Super as your default fund
As a participating employer with WA Super, you can provide your employees with many superannuation services and enjoy the benefit of simple administration.
WA Super holds a MySuper licence from APRA, which means you can nominate WA Super as your default super fund.
WA Super is the default fund for Local Government in Western Australia but you may not know that we hold a public offer licence which means that anyone who is able to contribute to super in Australia, can be a member of our fund.
If you nominate WA Super as your default fund
- You do not have to pay anything.
- You do not have to transfer any accounts or any of your existing employees accounts.
- You will have access to a free superannuation clearing facility for all your super contributions regardless of which fund they are going to.
- You will be complying with the new legislation which is effective 1 January 2014.
The only obligation you have, in nominating WA Super as your default fund, is for new employees who do not exercise their right to choose a different fund. These employees would default to My WA Super. Naturally, other employees may choose WA Super if they wish, subject to any applicable awards or employee agreements.
To find out more or to nominate WA Super as your default fund
Contact Murray Aldridge on 9480 3542, 0434 307125 or email firstname.lastname@example.org or send a text message to 0434 307 125 and he will be in contact and to complete the necessary paper work, which is simply a one page form. Murray will also explain the clearing house facility to handle all your superannuation contributions.