• HOSTPLUS
Employer-Business-Centre Updated 30 October 2011

Choosing a default fund

Understand your options to specify a default fund (employer nominated fund)

Here’s some help understanding your options for choosing a default fund and how to choose HOSTPLUS.

Awards-specified fund

If you’re making superannuation contributions to satisfy a Federal award, then the specified fund in the award is the default fund.

This is also the case if you are a constitutional corporation (or an unincorporated employer in Victoria or the Territories) making contributions to satisfy a State award (now referred to as a 'notional agreement preserving State awards' or NAPSA).

You might like to use the Industry Super Funds' Default Fund Finder tool to help you find the industry fund/s listed in your industry's Modern Award.

If you are an unincorporated employer (not in Victoria or the Territories) making contributions under a State award (NAPSA), you are not required to offer a choice of super fund to those employees covered by these arrangements. Workplace (collective) agreements If you have a proposed workplace agreement, it is possible to specify the super fund where contributions are to be made by inserting a superannuation clause.

Entering into an Australian workplace agreement

You may also consider entering into an Australian Workplace Agreement (AWA).

Entering into an AWA requires both you and your employee to agree on a range of conditions of employment. The agreement must then be lodged with the Office of Employment Advocate (OEA). You can find more about the OEA and workplace agreements on their website.

Each type of agreement, including a variation to an existing agreement, involves its own set of processes for registration.

For example, to develop a Workplace Agreement it is necessary to negotiate with your employees and relevant unions, hold a vote where applicable, complete statutory declarations, and lodge the agreement with the Australian Industrial Relations Commissioner - Office of Employment Advocate.

For more information on Workplace Agreements and AWAs, contact your employer organisation or relevant union.  

Choosing HOSTPLUS

The good news is that you may not need to do anything to choose HOSTPLUS as your default fund.

You should check whether HOSTPLUS is the specified fund for the award or agreement your employees are covered by. If you do need to choose a default fund, choosing HOSTPLUS couldn't be clearer or easier for you.

Here's all you need to do:

  1. Join HOSTPLUS. You may already be a participating employer, but if not, you can join online or via our application form.
  2. Provide employees with a choice form. Simply complete, print and distribute the tailored standard choice form to your employees, including any future new employees within 28 days of their start date.

    3. Create your own tailored choice form for employees

  3. Communicate the choice to your employees. An Account Manager may be able to help you communicate with your employees by conducting on-site education sessions or providing tailored material to explain the benefits of HOSTPLUS membership. Simply contact your local Account Manager to discuss your requirements.
  4. Relax. As a HOSTPLUS employer, you can feel confident that you’ve selected a fund that’s fully committed to you, your employees and your industry.

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