Submission – FWC Modern award superannuation clause review 2025

The Super Members Council of Australia welcomes the Commission’s exercise of its initiating powers pursuant to ss 157 and 160 of the Fair Work Act to address three issues it has identified which it believes require addressing. SMC does not intend to make submissions regarding issues one and two and will limit its brief submissions to item three concerning the naming of funds within modern awards.

To enable employers to more readily recognise the default fund into which they may be required to make contributions into and to aid employees understanding of their entitlements, SMC recommends that where registered fund names misalign with or complicate commonly understood brand names, that the brand names also be presented alongside the registered or formal name. The Commission should also have regard for the maintenance of fund brand names after a merger for cohorts of members from the precursor fund. Such arrangements may be an important consideration in a merger to ensure members continue to have access to tailored products or service offerings relevant to their industry.