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Make Hostplus your default fund.

Choosing a default fund for your business is a big decision. After all, you’re choosing where your employees’ super will be managed. It’s important to make an informed decision.

We focus on getting the maximum return on investments for all of our members.

What is a default fund?

In a nutshell, your default fund is the fund into which you pay your employees’ Super Guarantee (SG) contributions if they don’t already have a fund of their own.

Awards-specified fund

If you’re in an industry with a Modern Award1 , there will be a default fund specified for you in that award. If you’re not sure, do a quick check with the Industry Super's Default Fund Finder to find the industry fund/s listed in your industry's Modern Award. 

It’s possible Hostplus may even be a specified fund for the award or agreement your employees are covered by. If you do need to choose a default fund, partnering with Hostplus as your default fund is straightforward.

Steps to make Hostplus your default fund.

  1. If you haven’t already, take a look at our employer guide
  2. Join Hostplus. If you’re not already a participating employer you can join online or via our application form
  3. Provide employees with a standard choice form. Simply complete, print and distribute the standard choice form to your employees, including any future new employees within 28 days of their start date.
  4. Educate your employees about your choice of fund and the benefits of Hostplus .

It’s easy to join, but if you have any questions as to how Hostplus can make superannuation easier for you and your employees then your local representative is here to help.

1 Modern Awards commenced on 1 January 2010 and are industry or occupation-based, and apply to employers and employees who perform work covered by the award. If you are an employer or employee who was operating under a federal award as at 31 December 2009 there is a good chance you are now covered by a modern award.

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