In simple terms, a stapled super fund is an existing super account which is linked, or 'stapled', to an individual employee so that it follows them as they change jobs. The change aims to stop new super accounts from being opened every time an employee starts a new job.
Most employers from 1 November 2021, may have an extra step to take to comply with choice of fund rules if:
- they have new employees start, AND
- the employees do not choose a super fund.
The employer may now have to request their new employees 'stapled super fund' details from ATO. If a new employee has a stapled super fund and doesn’t choose a different fund, their employer must contribute to that stapled account on their behalf.
The app intents to simplify the retrieval of Staple Super information from ATO by supporting bulk process and reduce manual effort saving valuable time during every payroll.
NOTE: With the recent announcement of Payday Super that will be effective from 1st Jul 2026, retrieving of Stappled super in a timely manner will be even more critical for the payroll process