Public Eligible Rollover Fund (PERF)

EquitySuper is the trustee of the Public Eligible Rollover Fund (PERF).

PERF is an eligible rollover fund. This means it can automatically accept eligible benefits that are rolled over from other complying superannuation and rollover funds and retirement savings accounts, including in the following circumstances:

• If a member whose benefit has become payable fails to nominate a fund to which their benefit is to be transferred; or
• If a member becomes uncontactable.

PERF also accepts contributions resulting from a shortfall in an employer’s SGC obligations. PERF is not intended to accept other contributions by or for members. 

For ‘lost’ members who are at pension eligibility age (as defined by the Department of Social Security), the benefit will be transferred to the appropriate authority as unclaimed money. From 1 July 2007, this authority is the Australian Taxation Office (ATO).