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Superannuation Stapling – What You Need to Know as an Employer

From 1 November 2021, employers will be required to meet new Your Future, Your Super legislative requirements known as
‘stapling’ or ‘stapled fund’ for any new employees after this date. Here is a summary of the requirements:

  • If a new employee does not actively choose a superannuation fund, their employer cannot create a new super account with its
    default fund (or a fund specified under an enterprise agreement) without first searching ATO online services to find out if the
    employee has an existing ‘stapled’ fund.
  • When searching for employee records using ATO online services:
    • if the employee has a stapled fund, the employer is required to contribute to this fund
    • if the employee has no stapled fund, the employer can make contributions to the employer’s default fund (i.e. the employee
      may be new to the workforce, or their existing fund may not be able to accept contributions).

View Energy Super’s Stapling Fact Sheet here to find out more about the ATO requirements, and how you can prepare for this important change when hiring new employees from 1 November 2021 onwards.

Download Fact Sheet



Energy Super Member Offer

As a Master Electricians Australia (MEA) member, you can put the energy into your super with Energy Super, the leading industry super fund for people who work in the energy industry.

As an Energy Super member, you’ll benefit from:

  • Default industry-specific income protection* available when joining through an employer who is registered with Energy Super
  • Default death and total permanent disablement cover* available with no underwriting*
  • Online access to your account
  • Access to Energy Care, a world class wellness program to assist with financial, mental and physical wellbeing
  • Fees and costs kept to a minimum
  • On-site presence through toolbox and/or seminars at the employer’s discretion
  • Phone-based advice to help you set up the five key building blocks of superannuation
Reduced Administration Fees

Energy Super’s indirect administration fees were reduced in 2019, to provide members with the following benefits:

  • The indirect administration fee (capped each financial year) – reduced from $1,100 to $900 for accumulation members
  • Member accounts with an average balance of $161,000 invested in the MySuper default investment option will receive a saving of $112.70
  • Weekly fixed administration fees of $1.

For help or further information, please contact the Energy Super Contact Centre on 1300 436 374, or speak to John Curtin, MEA’s dedicated Fund Development Manager, on 0429 538 028.

*Subject to meeting eligibility requirements, please see the Energy Super Insurance Guide for more information.

The information above is of a general nature only and does not consider your individual circumstances. MEA does not provide financial or tax advice. Always consult with your accountant.

Energy Super Updates For MEA Members

  • New Financial Year 2022 Updates

    New Financial Year Updates

    As we continue through 2021 and into the new financial year 21-22, there’s never been a better time to check in on your super account, and make sure you’re across some of the new updates and changes.

    What’s Changing?

    Concessional & non-concessional cap

    Concessional and non-concessional caps have increased from 1 July 2021. The new financial year brings an increased threshold to the concessional cap, which will now sit at $27,500 (a $2,500 increase). This is in addition to any unused concessional cap amounts accrued since 1 July 2018 if applicable. The non-concessional cap has increased to $110,000 (a $10,000 increase), and the cut-off age for being able to bring forward up to three years’ worth of non-concessional contributions in a single year (if eligible) has increased from 65 to 67 years.

    Super Guarantee Increase

    As of the 1 July 2021, there has been an increase in the Super Guarantee (SG) to 10%. This applies to most employees earning over the current threshold of $450 per month.  This is a 0.5% increase from the current 9.5% and is a part of the Super Guarantee increase which is set to progressively rise to 12% by 2025.

    If you have any questions about navigating any of the new financial year updates reach out to the friendly team at Energy Super on 1300 436 374 – we’re here to help!

    Before making an investment decision you should consider the PDS and whether the Fund is right for you. If you need assistance, talk to one of our financial advisers. Any information or advice included in this message is provided by ESI Financial Services Pty Ltd (ABN 93 101 428 782) (AFSL 224952) a wholly owned entity of LGIAsuper (ABN 23 053 121 564) (RSE R1000160). LGIAsuper Trustee (ABN 94 085 088 484) (AFSL 230511) as trustee for LGIAsuper.

    While all due care and diligence has been taken in the preparation of this document, the Trustee reserves the right to correct errors or omissions. Information in this document is current as at 1 July 2021. Prepared and issued by LGIAsuper Trustee (ABN 94 085 088 484) (AFSL 230511) (the Trustee), as trustee for LGIAsuper (ABN 23 053 121 564) (RSE R1000160) (the Fund). A Product Disclosure Statement (PDS) is available from energysuper.com.au or by calling 1300 436 374.

  • The Value of Financial Advice

    The Value of Financial Advice 

    There’s plenty to consider when trying to get your finances in order and often it is left on the ‘to do’ list and you never get to it due to other commitments and pressures that get in the way day-to-day.

    There are a lot of questions that you may have, should I pay off the mortgage? Should I put money into super? When can I do those renovations? How old will I be when can I stop work and how can I afford the children’s education?

    Good financial advice will help answer all these questions by mapping out your goals, where you are today and where you would like to be in the future, especially when it comes to retirement.

    Retirement is the main trigger for most people to review their super and seek help, but by then it may be too late.

    How much super do I need?

    Do you know how much super you will have when you retire? Will it be enough? According to Association of Superannuation Funds of Australia’s Retirement Standard, to have a ‘comfortable’ retirement, single people will need $545,000 and couples will need $640,000 in retirement savings^.

    So, the earlier to start to reflect on what your retirement looks like for you, the more control you may have on what that looks like in the future.

    Everyone’s financial journey is unique, so individual professional guidance can give you the knowledge you need to make confident choices to help you live the life you want in retirement.

    You only retire once in your life, so make sure you get it right!

    Think about all the other plans and milestones you achieve throughout your life. You invest in the maintenance of your car, your wedding, your children’s education and your home, so why not invest in your future retirement?

    For many, retirement seems a long way off, but we often hear our members say it goes so quickly and it is here before you know it!

    Don’t get caught out!

    Energy Super offers a wealth of experienced financial advisers* to help you plan for the future. We can be flexible and meet with your directly with many of our advisers located regionally and easy to access when it suits you. We’re the industry super fund that’s super personal. That’s why we talk to almost half our members every year.

    We get to know you, what your financial circumstances are and then determine what your plans are for the future. We then work with you to develop your plan and assist you every step of the way to help you meet your goals. It’s not just advice, we help you put it into action, taking the stress out of your plans for your money and ultimately your retirement.

    So don’t wait until it’s time to retire, take time review your financial situation early.

    Your happiness in retirement is a small price to pay and remember you only retire once so make it count!

    Energy Super are here to help

    If you’d like some personalised expert advice about your Energy Super over the phone you can access our Single Issue Advice service at no extra cost to you or you can speak to one of our Financial Advisers*. Book an appointment or call us on 1300 436 374 between 8am to 6pm (AEST) Monday to Friday.

    *Energy Super offers financial advice through ESI Financial Services (AFSL 224952), a wholly owned entity of Energy Super.

    ^According to Association of Superannuation Funds of Australia’s Retirement Standard, to have a ‘comfortable ‘ retirement, single people will need $545,000 in retirement savings and couples will need $640,000.

    This document does not provide personal financial advice and should not be considered the sole or primary basis on which you make financial decisions. You should consider your financial situation before acting on the advice. You should also obtain and consider the Product Disclosure Statement (PDS) for  more information or call us on 1300 436 374.

    Electricity Supply Industry Superannuation (Qld) Ltd (ABN 30 069 634 439) (AFSL 336567) is the Trustee and issuer of Energy Super (ABN 33 761 363 685). Financial advice is provided by ESI Financial Services Pty Ltd (ABN 93 101 428 782) (AFSL 224952), a wholly owned entity of Energy Super.


  • COVID-19 Information Centre

    COVID-19 Information Centre

    At Energy Super, keeping members informed on all changes that impact them, their families and their superannuation remains top focus.

    Energy Super are regularly providing updates on the COVID-19 climate and investment markets, and supporting members with mental health services.

    For more information, visit Energy Super’s COVID-19 information centre here.