Fund choice and portability

	Choice of fund	Portability
Purpose	Eligible employees can choose a fund for their SG contributions (exemptions apply, eg to members of defined benefit funds).	Super fund members can rollover/transfer their super entitlements at any time (exceptions apply)
Relates to	Future SG contributions	Accumulated superannuation benefit.
Frequency	Choice of fund can be made once in a 12 month period	Rollover/transfer can be made once in a 12 month period
Timeframe	Employer must begin contributing to chosen fund after 2 months from date choice made	If member has not made investment choice, trustee must: process rollover within 3 business days of receipt of complete request11 If member has exercised investment choice, trustee must: take steps to redeem investment within 3 business days of receipt of request, and pay rollover within 3 business days of receiving proceeds, and process rollover no later than 30 days from receipt of complete request

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