Budget Savings (Omnibus) Act 2016 (55 of 2016)

Schedule 23   Single touch payroll reporting

Part 2   Choice of fund

Superannuation Guarantee (Administration) Act 1992

28   Subsection 32F(1)

Repeal the subsection, substitute:

(1) If an employee wants a fund to be a chosen fund for the employee, the employee must:

(a) give the employer written notice to that effect; or

(b) give the Commissioner a notice to that effect in the approved form.

Note: A fund can only be a chosen fund if the employer is able to make contributions to the fund for the benefit of the employee (see subsection 32G(2)).