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ARTICLE · 15 MARCH 2014

Urgent update: FWC releases timetable for applications for selection of default funds

Holding Redlich
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Application forms to apply for selection as default superannuation funds in modern awards must be made by 28 April 2014.

AustraliaEmployment and HR
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Further to our recent article about the review being undertaken by the Fair Work Commission (FWC) into default superannuation terms in modern awards, the FWC has now issued a form for a superannuation fund with an authorised MySuper product to apply for selection as a default fund in a modern award. The application must be lodged with the FWC by 28 April 2014.

The FWC has also issued a similar form for an application concerning a tailored or corporate MySuper product. This application can be made by the fund or the relevant employer and must be made by 28 April 2014.

Interested persons have until 10 June 2014 to lodge submissions about the applications (which will be published on the FWC website).

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