Automatic Enrolment Retirement Savings System Act 2024 section 54

Right to opt-out

Section 54 sets out the opt-out windows during which a participant may apply to the Authority to opt out of the automatic enrolment retirement savings system.

• A participant may apply to the Authority to opt out during specific time periods known as "opt-out windows", and the Authority will assign an opt-out date.
• Each opt-out window runs from more than 6 months to not more than 8 months after a triggering event — essentially months 7 and 8 after enrolment, re-enrolment, or the end of a specified multi-year period.
• The triggering events include: receipt of notice of enrolment, receipt of notice of re-enrolment, and the end of years 1–3, years 4–6, and years 7–9 respectively.
• A participant who opts out is treated as having opted out from their assigned opt-out date until any subsequent re-enrolment date.