What is in the Standard Choice Form?
The Standard Choice Form is an Australian Taxation Office form, which must be given by employers to eligible employees to allow employees to choose the fund into which their superannuation guarantee (SG) contributions are paid. It consists of 3 parts. Part A must be completed by the employer and includes: • employer name • employer fund name and other details • prior fund to which employer (SG) contributions have been made • details of whether any super contributions in excess of the 9% SG contribution will continue to be paid if the employee chooses a fund other than the employer fund. Part B must be completed by the employee if they wish to make a choice. Part C includes space for the employer to record the date on which they received the Standard Choice Form from an employee who makes a choice. This is important as all records must be kept for a period of 5 year.
