Did you know that on the 1st of November 2021 the Your Future, Your Super (YFYS) reforms came into effect? This means that your process for new employees who don’t chose a super fund has changed.
Law firms now need to request ‘stapled’ super fund details from the Australian Taxation Office (ATO) for new employees who don’t choose a super fund. These changes are designed to reduce account fees by stopping new super accounts from being opened every time an employee starts a new job.
If you want to know more about the changes, or have some burning questions you would like answered since the 1 November change, watch for a Q&A webinar with Tracie Cowden and Katie Constance from the ATO with Sue-Ella Soulie, legalsuper’s Client Services Manager. A brief outline of the changes are provided and questions answered about the changes.