As part of the ‘Your Future, Your Super’ legislation, super stapling came into effect on 1 November 2021. This means that super accounts will be linked, or ‘stapled’ to a person, so your super will follow you when you change jobs and you’ll automatically keep your stapled super fund when you start a new job.
If you change jobs and don’t actively choose another super fund, your new employer has to pay your super contributions to your existing fund. They’ll have to check with the Australian Taxation Office (ATO) to get the details of your stapled fund and pay your super there. If you have multiple accounts, the ATO will determine your stapled fund, based on a set of rules, such as how recently contributions have been made to each of the accounts, the account balances and when the accounts were created. Previously, if you didn’t actively choose a super fund, you might have had a new account opened for you by your new employer, even if you already had an account with a different super fund.
If you’re a member and change jobs it’s easy to take your Mine Super account with you to your next job. Your employer may give you a form when you start employment, or you can simply download and fill in the Super Standard Choice form and share it with your new employer. This way you can be sure they’ll pay your super into your Mine Super account.
Remember: Mine Super offers products and services specially designed for the mining industry. This includes insurance, with cover for workers in mining and supporting industries.
Super tip: Once you get settled, it’s important to check your contact, employment and insurance details are up to date. You can review this in your online account, or call us on 13 64 63.