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19 Jun 088 Non-Profit Employer super funds must offer life insurance

The ATO has reminded non-profit organisations that from 1 July 2008, employer-nominated super funds (also known as default funds) must offer minimum levels of life insurance death cover to members. An employer-nominated super fund is the fund that an employer chooses to pay an employee’s superannuation guarantee contributions to if the employee does not choose a fund.

For a copy of the ATO reminder, go here

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