Superannuation

Policy / Information Resources

UniSuper Membership

UniSuper is the superannuation fund for Australia’s higher education and research sector. The Fund provides low fees and charges, free education and advisory services, flexible superannuation and pension products and service from staff who understand the Fund and members' requirements.

UniSuper offers members a choice of style of super,“Defined Benefit”or“Accumulation”, with the difference being the method of benefit calculation.

  1. Defined Benefit
    By this method, your balance is calculated using a formula that includes your age, salary and years of membership. Defined benefits are typically not determined by investment performance.
  2. Accumulation
    Your super balance accumulates over time with investment returns (which may be positive or negative). Your final benefit is the total of your account (minus fees and taxes) and depends on investment performance.

For more information download the booklet:

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Enterprise Agreement (2005–2008)

17. SUPERANNUATION

17.1The University will maintain for employees as at the date of certification of this Agreement the employer contributions into the current fund and arrangements for superannuation in effect at that time.

17.2For those employed by the University during the nominal term of this Agreement, the University will provide the same superannuation employer contributions as provided to employees pursuant to subclause 17.1 hereof.

17.3Subclause 17.2 will end as a condition of this Agreement on the nominal expiry date of this Agreement.

17.4UniSuper is the nominated superannuation provider for the University. Until the nominal expiry date of this Agreement, all superannuation contributions for existing employees who are members of UniSuper, and for all new employees, shall be made to UniSuper.

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Employee Contribution Rates

  1. UniSuper Full Members
    Permanent staff members and those on fixed term contracts for 2 years or more are eligible for full member status membership and the applicable contribution rates. Members may elect to contribute up to 7% of their gross salary before or after tax as an employee contribution.
  2. UniSuper‘Super-Guarantee’Only Members
    Casual staff members and those on fixed term contracts less than 2 years are not eligible to make employee contributions
  3. SASS Members
    Members may contribute up to 9% of their review date salary. At the end of each year members are given the opportunity to adjust their contribution rate for the following year.
  4. SSS Members

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Voluntary Contributions

UniSuper Members may make voluntary contributions via either a regular payroll deduction or a lump sum payment direct to UniSuper. Voluntary contributions cannot be made to the State Funds (i.e. SASS and SSS). Members of these funds must apply for UniSuper membership for any voluntary contributions.

To start or stop making regular voluntary contributions from your pay, or to change the amount, complete the Regular Voluntary Contribution Election form and forward it to the Superannuation Officer, Remuneration.

Lump sum contributions can be made by BPAY or by cheque. For more information refer to the Voluntary Contributions page on the UniSuper Website.

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Roll-over of Super Benefits to UniSuper

UniSuper accepts roll-overs (transfers) from other superannuation funds. There are no charges or fees for making a roll-over.

How to roll over your other super accounts into UniSuper

  1. Download a Rollover Form and complete one form for each account you wish to rollover to UniSuper
  2. Complete the form and post it to UniSuper.
  3. UniSuper will contact your previous fund(s), arrange the transfer and write to you once the rollover has been deposited to your account.

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Salary Sacrifice

Your contributions to your superannuation may be salary sacrificed (packaged) as a before tax payroll deduction. Contributions made through salary packaging are considered to be 'employer contributions' and therefore a 15% contributions tax is applied.