AN120221 – Funeral Industries (State) Award 2005

39. SUPERANNUATION

Note: The Superannuation Legislation Amendment (Choice of Superannuation Funds) Act 2005 provides that individual employees generally have the opportunity to choose their own superannuation funds. For further information see the AIRC guidance note — Choice of Superannuation Funds and Award Provisions

(i) Superannuation Legislation

The subject of superannuation is dealt with extensively by legislation including the Superannuation Guarantee (Administration) Act 1992, the Superannuation Guarantee Charge Act 1992, the Superannuation Industry (Supervision) Act 1993, the Superannuation (Resolution of Complaints) Act 1993 and s124 of the Industrial Relations Act 1996 (NSW). This legislation, as varied from time to time, governs the superannuation rights and obligations of the parties.

(ii) Subject to the requirements of this legislation, superannuation contributions may be made to:

(1) ARF (Australia Retirement Fund);

(2) ASSET (Australian Superannuation Savings Employment Trust); or

(3) Such other funds that comply with the requirements of the legislation.