Superannuation contributions for University employees are normally made to UniSuper (http://www.unisuper.com.au/index.cfm), the industry fund for the Tertiary sector, in accordance with the University’s Trust Deed and Deed of Covenant with UniSuper. The level at which the employer and employee are required to contribute is set out in the Trust Deed and is further prescribed in the relevant Enterprise Agreement.

The University will contribute the statutory 9% Superannuation Guarantee (SG) for all employees appointed on contracts of less than 2 years. The SG payments are made to UniSuper’s Accumulation1 Super Plan (the default fund).

Employees appointed on contracts of less than 2 years are eligible to choose an alternate fund for the SG contributions under the Australian Government’s superannuation choice of funds legislation (http://www.superchoice.gov.au) and will be given a standard choice form on commencing employment with the University.

Employees appointed on contracts of 2 or more years will be automatically enrolled in UniSuper’s Defined Benefit division (the default fund). The University will contribute a total of 17% of salary to UniSuper whilst the employee can contribute from 0 - 7% (post-tax) or 0 – 8.25% (pre-tax) of salary. For information about flexible contributions refer to UniSuper’s contribution flexibility guide (http://www.unisuper.com.au/superannuation/cont_flexibility.cfm).

As these employees are being enrolled in a defined benefit superannuation scheme, the University is not obliged to offer the employees in this category a choice of fund under the relevant legislation. However, this does not prevent an employee in this category in the first twelve months from seeking to join the UniSuper Accumulation 2 scheme or another superannuation fund of their choice.

UniSuper is the prescribed superannuation fund for casual staff in the University’s current Enterprise Agreements. As such, choice of funds is not available to casual employees.

On appointment to UNSW employees who are already members of either a State Superannuation scheme (SSS or SASS) or a Commonwealth Superannuation scheme (CSS or PSS) may continue their membership whilst employed at UNSW.