Common use of Superannuation fund Clause in Contracts

Superannuation fund. (a) Subject to clause 12.5, the School shall make superannuation contributions for the benefit of Teachers in accordance with relevant Commonwealth superannuation legislation into the Teacher's nominated fund. If the Teacher does not choose a fund in accordance with legislation, the School will make the contributions into: (i) the Teacher's stapled fund; or (ii) if the Australian Taxation Office does not identify a stapled fund for the Teacher, to the School's default fund provided that the School's default fund must offer a MySuper product as defined in the Superannuation Industry (Supervision) Act 1993 (Cth).

Superannuation fund. (a) Subject to clause 12.5, the The School shall make superannuation contributions for the benefit of Teachers Employees in accordance with relevant Commonwealth superannuation legislation into the TeacherEmployee's nominated fund. If the Teacher Employee does not choose a fund in accordance with legislation, the School will make the contributions into: (ia) the TeacherEmployee's stapled fund; or (iib) if the Australian Taxation Office does not identify a stapled fund for the TeacherEmployee, to the School's default fund provided that the School's default fund must offer a MySuper product as defined in the Superannuation Industry (Supervision) Act 1993 (Cth).

Superannuation fund. (a) Subject to clause 12.5, the The School shall make superannuation contributions for the benefit of Teachers as provided for in accordance with relevant Commonwealth superannuation legislation clause 15.3(a) into the Teacher's nominated fund. If the Teacher does not choose a fund in accordance with superannuation legislation, the School will make the contributions into: (ia) the Teacher's stapled fund; or (iib) if the Australian Taxation Office does not identify a stapled fund for the Teacher, to the School's default fund provided that the School's default fund must offer a MySuper product as defined in the Superannuation Industry (Supervision) Act 1993 (Cth).