The Default Superannuation List will contain a number of standard MySuper products that a Full Bench of the Fair Work Commission can include in the default fund term of modern awards.
In creating the list, the Expert Panel will:
The Commission will publish further information about the timetable for this process when it is available.
Applications will need to include a range of information about the applying superannuation fund and its standard MySuper product's performance, including but not limited to:
Applications must be accompanied by any application fee set out by the Fair Work Regulations 2009.
The Expert Panel must not include a particular standard MySuper product on the Default Superannuation List unless satisfied it would be in the best interest of default fund employees modern awards apply to, or a particular class of employees, taking into account:
The Expert panel will publish the Default Superannuation List on the Commission's website.