There are now several First State Super product USIs available in the Clearing House, it’s important to know the difference and select the correct USI for each member.
As part of our integration with StatePlus on 1 July 2019 we completed a Successor Fund Transfer of the ‘StatePlus Retirement Fund’ to the ‘First State Superannuation Scheme’.
Now, additional products are listed under First State Super in the clearing house. These are legacy StatePlus products which were renamed and allocated new USIs (Unique Superannuation Identifiers), or Fund IDs, as part of the transfer and should be selected for legacy StatePlus members. The USIs for First State Super products have not been changed.
“In a few cases we’re seeing employer payroll departments putting in the wrong product USI because some people don’t know which USI to use and they are having a guess.” said a spokesperson from the Employer Relations team.
The below information can help you to identify the applicable product USI, but if you’re not sure just call the Employer Relations team on 02 4298 6013, and they’ll be happy to clarify.
First State Super members (accumulation)
To make Superannuation Guarantee (SG) payments to employee superannuation accounts via your clearing house please select First State Super – Accumulation (USI 53 226 460 365 001). You may have this product set up as in the First State Super clearing house.
State Plus members
Legacy StatePlus products were renamed “First State Super” products and re-issued with new USIs from 1 July 2019, however the products retain their original characteristics and should continue to be selected for existing StatePlus customers, until further notice.
- For legacy members of StatePlus – Tailored Super Plan please select First State Super – Tailored Super Plan (USI 53 226 464 365 005).
- For legacy members of StatePlus – Personal Retirement Plan please select First State Super – Personal Retirement Plan (USI 53 226 460 365 008).
|Fund name||USI or Fund ID|
|First State Superannuation – Accumulation||53 226 460 365 001|
|First State Superannuation – Defined Benefits
||53 226 460 365 003|
|First State Superannuation – Tailored Super Plan (formerly StatePlus)||53 226 460 365 005|
|First State Superannuation – Personal Retirement Plan
|53 226 460 365 008|
Why is it important to select the correct USI?
Selecting an incorrect USI could also mean a new account is opened in error for your employee, resulting in an unwanted account which will need to be closed.
If think you may have made an error or want further clarity on which USI to use call the Employer Relations team on 02 4298 6013.