Default Funds Sample Clauses
Default Funds. The Custodian has established procedures for implementation of a “default” investment option in one of the Funds as selected by the Employer. The Employer may select a default investment option and notify the Custodian of such option in the manner acceptable to the Custodian.
Default Funds. The applicable default fund will be HESTA.
Default Funds. The default funds for employees who don’t exercise their right to choose a Superannuation fund shall be as follows: The Australian Super fund for employees up to and including Level 3 MLC for all other employees.
Default Funds. (a) The Trustee shall make available one or more Default Funds.
(b) The Trustee may choose different Default Funds for different Members or categories of Members and may from time to time vary the constitution of the Default Fund or Funds or make additional Default Funds available or terminate Default Funds. Rule 13.2(5) below shall apply to any such variation or termination.