What stapling means for you and your employees
The onboarding processes of many employers will be impacted by new superannuation rules, which come into effect from 1 November this year.
For the first time, an employees’ super fund will follow them when they change jobs under an Australian Government super reform called ‘stapling’.
The reform means an employee will keep their super fund when they start their new job, because it will be ‘stapled’ to them. The Government says stapling is aimed at stopping the creation of multiple unintended super accounts and the erosion of super balances.