Review of the default fund term of modern awards
156G Review of the default fund term of modern awards
As soon as practicable after the Default Superannuation List is made, the FWC must review the default fund term of each modern award.
The FWC must ensure that the following persons have a reasonable opportunity to make written submissions (including submissions requesting that a particular superannuation fund be specified in the term in relation to a standard MySuper product) to the FWC in relation to the default fund term of the award:
an employee and employer that are covered by the modern award;
an organisation that is entitled to represent the industrial interests of one or more employees or employers that are covered by the award;
if the award includes an outworker term—an organisation that is entitled to represent the industrial interests of one or more outworkers to whom the outworker term relates.
If:
a person or body (whether or not a person referred to in subsection (2)) makes a written submission in relation to the default fund term of a modern award; and
the person or body refers to a particular superannuation fund in the submission; and
the person or body has an interest in relation to that superannuation fund;
then the person or body must disclose that interest in the submission.
The FWC must publish any submission that is made.
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