Common use of Default Fund Clause in Contracts

Default Fund. 31.3.1 The parties agree that AustralianSuper, or its successor fund, will be the nominated default fund for all eligible employees for term of this agreement. Eligible employees include all staff, current and new covered by this agreement. If an employee does not select a fund, ▇▇▇▇▇▇ ▇▇▇▇▇ Health Service shall pay superannuation contributions in accordance with subclauses 31.1.2 and 31.1.3 for the employee into AustralianSuper, or it successor fund. 31.3.2 It is agreed that ▇▇▇▇▇▇ ▇▇▇▇▇ Health Service will, within 28 days of each new employee commencing employment, provide them with a: (a) ‘Standard Choice Form’ as set out by the Australian Tax Office. Employees are able to use this ‘Standard Choice Form’ to nominate the superannuation fund they wish their Superannuation Guarantee payments to be paid into; and (b) Product Disclosure Statement – including member application form – of the default fund – AustralianSuper, or its successor fund. ▇▇▇▇▇▇ ▇▇▇▇▇ Health Service will forward the completed superannuation fund membership forms to the employee’s chosen superannuation fund. In the event that an employee with a choice of fund does not nominate a fund, ▇▇▇▇▇▇ ▇▇▇▇▇ Health Service will forward the relevant contributions, employee details and forms to the default fund – AustralianSuper, or its successor fund.