In line with the Treasury Laws Amendment (Reuniting More Superannuation) Bill 2020, smartMonday will cease the transfer of superannuation benefits to the Trustee’s nominated eligible rollover fund (ERF), AUSfund, from 1 May 2021. The Trustee will also have the ability to transfer monies that would previously have been transferred to the ERF to the ATO where the Trustee deems this to be in the member, former member or non-member spouse’s best interests.
Where the ATO receives an amount from an ERF, it will be able to proactively reunite the ERF amount with a member’s active superannuation account.
If we have recently written to you about the possibility of your superannuation benefit being transferred to the ERF, we will be writing to you again shortly to confirm how this change will impact you. This may include the transfer of your benefits to the ATO. However, we will write to you (where we hold current contact details for you) before taking any action.
If you would like any further information, please contact us:
For smartMonday PENSION accounts ph: 1300 112 403
For smartMonday TESF accounts ph 1300 614 644
For smartMonday accounts ph: 1300 880 588
For smartMonday Enterprise accounts ph: 1800 816 575
For AIA Insurance Super Scheme No 2 ph: 03 9621 7120
For Zurich Insurance-Only Plan ph: 03 9621 7275
For MetLife Australia Superannuation Fund ph: 03 9621 7225