Document ID: chunk:federal_register_of_legislation:C2021A00046:clause:1_8
Version: federal_register_of_legislation:C2021A00046
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 8604–9215

8  After subsection 32C(1)
Insert:

Contributions to stapled funds
 (1A) A contribution to a fund by an employer for the benefit of an employee is made in compliance with the choice of fund requirements if, at the time the contribution is made:
 (a) there is no chosen fund for the employee; and
 (b) the most recent notification to the employer:
 (i) by the Commissioner; and
 (ii) relating to a request by the employer (or by the employer's agent) for the Commissioner to identify any stapled fund for the employee;
  is that the Commissioner is satisfied that the fund is the stapled fund for the employee.