Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A modern award must include a default fund term that complies with section 149D.
(2) A default fund term is a term of a modern award that requires, permits or prohibits an employer covered by the award to make contributions to a superannuation fund for the benefit of an employee (a default fund employee ) who:
(a) is covered by the award; and
(b) has no chosen fund (within the meaning of the Superannuation Guarantee (Administration) Act 1992 ).