Superannuation Legislation Amendment (Choice of Superannuation Funds) Act 2005 (82 of 2005)

Schedule 1   Choice of superannuation funds

Superannuation Guarantee (Administration) Act 1992

5   After paragraph 32C(2)(b)

Insert:

(ba) the fund either:

(i) is specified under section 32P in the standard choice form provided as the fund to which the employer will contribute for the benefit of the employee if the employee does not make a choice or will be so specified within the time specified in section 32N for the provision of a standard choice form to the employee; or

(ii) if the employer has not contributed, and cannot contribute, to a fund (the first employer fund ) that was so specified or that was purportedly so specified - will be so specified within 28 days of the employer becoming aware that the employer cannot contribute to the first employer fund; and