In general, your employer must pay a percentage of your salary into your super account. This is what’s known as the Superannuation Guarantee (SG).
If you do not return a choice form to your employer prior to your employer’s effective transition date, you will automatically become a Hostplus member and a Hostplus Executive account will be created for you. Your future employer SG contributions will be paid into your new Hostplus Executive account.
Note: You will remain a member of your employer’s current Default Fund unless you rollout your super to another fund. While your existing super account remains open, you may also be subjected to account erosion on the basis that administration, investment and insurance fees and costs may continue to be deducted.