Superannuation Funds definition
Examples of Superannuation Funds in a sentence
This contribution shall be made to the C+Bus, Westscheme or Connect Superannuation Funds or any other complying Superannuation Funds agreed between the Company and Employee.
Note: The Superannuation Legislation Amendment (Choice of Superannuation Funds) ▇▇▇ ▇▇▇▇ provides that individual employees generally have the opportunity to choose their own superannuation funds.
Where no election is made by the Employee for the payment of superannuation into a particular fund, Superannuation contributions will be paid into HESTA which complies with the Australian Governments Operational Standards for Occupational Superannuation Funds.
The employer shall provide the employee with full details of the Superannuation Funds defined in this clause.
For further information see the AIRC guidance note — Choice of Superannuation Funds and Award Provisions.