• Superannuation for your employees

  • The Australian Catholic Superannuation and Retirement Fund (Australian Catholic Superannuation) is the largest Catholic superannuation fund in Australia.

    Our membership is not restricted to Catholics.

    We provide superannuation and retirement services to a wide range of employers—Catholic and non-Catholic—throughout Australia.

    Australian Catholic Superannuation can help you to meet your obligations to your employees.

    As an employer, you are generally required to make superannuation contributions for your employees at least four times a year.

    Although most employees are able to choose their own superannuation fund, you must select a default fund for those employees who do not make a choice.

  • Making employer superannuation contributions

    • Do employers have to pay super?

      Generally you must pay super for your employees if they:

      • Are aged over 18
      • Earn at least $450 (before tax) in any month
      • Are under age 18 and work at least 30 hours a week.


      You are not required to pay superannuation on the part of an employee’s earnings above a certain amount. Details of the maximum super contribution base can be found on the Australian Taxation Office (ATO) website.

      How much super do employers have to pay?

      The minimum you must pay is 9.5% of each eligible employee’s ‘ordinary time earnings’ (OTE). The ATO website contains a definition of OTE.

      The SG rate is set to remain at 9.5% for seven years until 30 June 2021, then increase to 10% from 1 July 2021, and eventually rise to 12% from 1 July 2025 (see table below).

      Year Current legislated SG rate 
      1 Jul 2002 – 30 Jun 2013 9%
      2013/14 9.25%
      2014/15 9.5%

      2015/16

      9.5%
      2016/17 9.5%
      2017/18 9.5%
      2018/19 9.5%
      2019/20 9.5%
      2020/21 9.5%
      2021/22 10%
      2022/23 10.5%
      2023/24 11%
      2024/25 11.5%
      2025/26 onwards 12%

      When are employer super contributions due?

      You must make payments at least four times a year, within 28 days after the end of each quarter.

      Quarter Deadline for payment
      1 July – 30 September 28 October
      1 October – 31 December 28 January
      1 January – 31 March 28 April
      1 April – 30 June 28 July

      NOTE: If the quarterly deadline for payment date falls on a weekend or public holiday, you should make the payment by the next working day.

      • It’s important to pay the correct amount of super by the deadline each quarter.
      • You can choose to make super payments more regularly than quarterly.
      • If you make your contributions through a clearing house, you will need to check the clearing house’s deadline for the receipt of payments.
      • Failure to meet these deadlines means you have to pay the required amount, plus a penalty imposed by the ATO the following month.
  • Choosing a superannuation fund

    • Most employees have the right to choose their own super fund. You should check with your employer organisation if you don’t know whether this applies to your employees.

      Employers must choose a default super fund

      You will need to select a fund for any employees who do not make a choice—this will be your nominated fund or default fund.

      1. Check the awards or employment agreements that apply to your employees (these may specify one or more funds from which you must choose).
      2. Obtain the product disclosure statements of the available funds.
      3. Select a fund that is suitable for your employees.

      How your employees can choose their super fund

      New employees

      If your employees are eligible for choice of fund, you must provide new employees with a Standard choice form (available from the Australian Taxation Office). You should include the details of your default fund on this form.

      You can help your employees to make an informed choice by providing them with a product disclosure statement (PDS) from your default fund. Or else refer them to the PDS on your default fund’s website. However, you should not make a recommendation to staff that they join your default fund, as you are not permitted to give financial advice without a licence.

      If employees make a choice, future payments will be made to their chosen fund. If they do not make a choice within 28 days, then their contributions must be paid to your default fund.

      Existing employees

      Employees may revisit their fund choice every 12 months. If an employee requests a change of fund, you should provide them with a Standard choice form.

      Changing your default super fund

      You can change your default fund at any time. Once you choose a new fund, you must notify your employees of the change, and of its implications.

      Employees can choose to stay with their existing fund, have their contributions made to your new default fund, or select a different fund. You will need to provide them with a Standard choice form so they can make a choice.

      Changing your default fund will not affect existing account balances unless employees actively choose to transfer them to the new fund. We can help explain the process to your employees, including the implications for their insurance coverage.

      We can help if you are considering changing your default fund to Australian Catholic Superannuation. Just phone us on 1300 658 776 and ask to speak to your local Regional Manager.

  • Australian Catholic Superannuation is a complying super fund

    Australian Catholic Superannuation is a complying, resident and regulated superannuation fund within the meaning of the Superannuation Industry (Supervision) Act 1993 (SIS Act).
     
    The Fund has never received a notice of non-compliance and is not subject to a direction under section 63 of the SIS Act. This means that Australian Catholic Superannuation can accept all types of superannuation contributions in accordance with the SIS Act.
     
    Australian Catholic Superannuation is a registrable superannuation entity and is eligible to be nominated as a default fund as it meets the minimum statutory insurance cover requirements for choice of fund.

    The Fund also has licensing approval from the Australian Prudential Regulation Authority (APRA) to offer a MySuper product to members.

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