Claiming with NEST
NEST offers flexibility in relation to claiming entitlements. Employers can choose from the following options:
Direct reimbursement to employer from fund
Employees continue to be paid their entitlements from employers when they fall due in the usual manner. Employers then claim reimbursement directly from the Trust not exceeding the value of contributions made on behalf of the employee for the type and period of leave taken. Employers must extinguish any existing equivalent entitlement liability from their balance sheet before claiming from NEST. Upon receipt of all requirements, reimbursement is made within two business days by EFT. Alternatively, the claimed amount can be transferred into an Employer's credit and be used to pay future contributions.
Simply download a NEST claim form from the Resources page and send the completed form to NEST.
Please note that in the case of employer insolvency, all entitlements held by NEST will be paid directly to the employee upon receiving confirmation of insolvency.
Direct payment to employee from fund
Claims for employee entitlements are lodged by employers and paid directly to the employee by NEST. Employers must extinguish any existing equivalent entitlement liability from their balance sheet before claiming from NEST.
Claims for entitlements cannot exceed the amount contributed on behalf of any specific employee for the type and period of leave taken.
Employment termination payments may have tax withheld under the PAYG provisions of the Taxation Administration Act 1953 (Cth). NEST will provide employees with group certificates at the end of each financial year.
To lodge a claim for entitlements, complete a Claim Form available from the resources page or by contacting NEST. Entitlements following a successful claim will be electronically transferred into an employee’s account within one business day of NEST receiving a completed claim form.
To make a claim on a NEST account, employees simply complete a NEST Entitlement Claim Form and lodge it with their employer. The employer then validates the claim and sends it to NEST for payment. In the event of an administrator or receivor being appointed, the claim should be lodged with them in the first instance.
