Common use of Default Fund Clause in Contracts

Default Fund. CatholicCare Canberra & Goulburn shall provide each new employee upon commencement of employment with information on the default superannuation fund. The employee shall then have 28 days to complete the information required and CatholicCare Canberra & Goulburn shall then forward the employee’s details to the employee’s fund of choice. In the event that the employee does not select a fund of their choice, CatholicCare Canberra & Goulburn will then forward superannuation contributions to the default fund. The default fund for the purposes of this Agreement is Catholic Super subject to that fund offering a My Super product.

Default Fund. CatholicCare Canberra & Goulburn shall provide each new employee upon commencement of employment with information on the default superannuation fund. The employee shall then have 28 days to complete the information required and CatholicCare Canberra & Goulburn Xxxxxxxx shall then forward the employee’s employee‟s details to the employee’s employee‟s fund of choice. In the event that the employee does not select a fund of their choice, CatholicCare Canberra & Goulburn will then forward superannuation contributions to the default fund. The default fund for the purposes of this Agreement is Catholic Super subject to that fund offering a My Super product.