Preparing your business for our merger with AustralianSuper
We are merging with AustralianSuper on 3 June 2022.
What does the merger mean for you as an employer?
LUCRF Super will close on 2 June 2022 and all members will be transferred to AustralianSuper on 3 June 2022. There are some key changes that employers will need to make.
|Recently completed||Next steps|
|11-14 Apr 2022: Members were sent a Significant Event Notice (SEN) and Transfer Guide about changes to their accounts. Read more.|
20 Apr 2022: Employers were invited to attend one of four webinars about upcoming changes (see registration details below).
20 Apr 2022: Employers issued with details of changes to contributions processes.
|27 May 2022: Final date for contributions to LUCRF Super. QuickSuper^ clearing house access will be removed after this date.|
28 May – 5 June 2022: Contributions for LUCRF Super members cannot be submitted to or processed by either fund.
3 June 2022: LUCRF Super and AustralianSuper will merge and all LUCRF Super members will be transferred to AustralianSuper.
6 June 2022: Contributions can resume but now be paid to AustralianSuper.
Your clearing house provider
There may be changes to how you access the clearing house depending on current provider. Please consider which scenario applies to you:
Changing the Unique Superannuation Identifier (USI) & Australian Business Number (ABN)
From 6 June 2022, you need to update the membership details in your contribution data for your employees with LUCRF Super accounts before you make your next contribution.
Replace the LUCRF Super USI & ABN with the AustralianSuper USI & ABN. The current LUCRF Super USI will be removed from the national clearing house network, and any payments made using the old details will be automatically rejected.
How you make the above changes will depend on which scenario applies to you:
|How you input data into the clearing house||Your clearing house provider|
|You currently use QuickSuper provided by LUCRF Super||You currently use QuickSuper provided by AustralianSuper||You use QuickSuper through another super fund or you use a different clearing house|
|Manual entry method|
You update employee records inside the clearing house with contribution amounts each time
|We will update employee records inside the clearing house for you.||You must update employee records inside the clearing house before your first pay run from 6 June onwards|
|File upload method|
You extract data from your payroll system and upload into the clearing house each time
|You must update employee records inside your payroll system before your first pay run from 6 June onwards.|
AustralianSuper fund details
The LUCRF Super USI will expire on 27 May 2022. Then from 6 June 2022, you’ll need to change the USI from LUCRF Super to AustralianSuper in your payroll and/or clearing house system(s).
Important note: Please do not change the USI from LUCRF Super to AustralianSuper before 6 June 2022, as it will create duplicate accounts for your employees.
|spin||abn||sfn||superannuation usi||pension usi|
|STA0100AU||65 714 394 898||2683 519 45||STA0100AU||STA0002AU|
Your default super fund
If LUCRF Super is your default super fund for new employees who don’t nominate their own choice of fund (or don’t already have a ‘stapled’ super fund), you can change it to become AustralianSuper. You will also need to update the Standard Choice form you provide new employees from 6 June 2022. AustralianSuper will provide details in your welcome email.
How do I update the default fund inside QuickSuper?
- Login to the QuickSuper clearing house
- Under the Administration menu item, select Fund Relationships
- Select View details and then delete LUCRF Super (if applicable)
- Select Create New Relationship, search for AustralianSuper by name or ABN
- Then select Create fund and it will be saved as your new default fund.
If you use a different clearing house, then the process above will be different. Contact your clearing house provider for support.
Your AustralianSuper ‘Welcome email’
Shortly after 3 June 2022, you’ll receive an AustralianSuper ‘Welcome email’ which will include the following information:
- your new AustralianSuper Employer ID, if you don’t already have one,
- details on how to register for QuickSuper through AustralianSuper,
- details about being an AustralianSuper business partner, and
- handy information to make your employees super payments.
You can stay informed about the merger and important changes for members and employers on our merger hub.
You can also learn more about AustralianSuper, including how you’ll be supported after the merger is completed at australiansuper.com/lucrftransfer-employers.
We’re here to help
If you have questions, you can contact your Business Development Manager or get in touch with us below.Get in touch
^QuickSuper is a registered trademark and a product owned and operated by Westpac Banking Corporation ABN 33 007 457 141. Westpac’s terms and conditions applicable to the QuickSuper service are available after your eligibility for the free clearing house service is assessed by AustralianSuper. A Product Disclosure Statement (PDS) is available from Westpac upon request. AustralianSuper doesn’t accept liability for any loss or damage caused by use of the QuickSuper service and doesn’t receive any commissions from Westpac if employers use this service. You can choose to make your contributions using a different service, but it needs to meet the government’s minimum data standards, visit ato.gov.au.
AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, is the Trustee of AustralianSuper ABN 65 714 394 898.