Treasury has released draft legislation to give effect to the government’s announcement to remove the obligation for employers to offer a choice of superannuation fund to temporary residents, or when superannuation funds merge, from 1 July 2015.

In particular, employers will not be required to give employees a standard choice form if they hold a temporary visa as defined by the Migration Act 1958. Further, employers will not be required to give employees a standard choice form when their superannuation benefits are transferred from a chosen fund or a default fund to a successor fund as a result of a superannuation fund merger arrangement.

The closing date for submissions is Wednesday, 15 April 2015.

[IT 1/4/15]