The Federal Government's Payday Superannuation legislation has passed both houses of parliament. When Payday super becomes law as from 1 July 2026, employers will need to pay employeesโ super at the same time as their salary and wages.
WHAT THIS MEANS FOR EMPLOYERS?
Super must be paid each pay cycle (weekly, fortnightly, or monthly)
No more quarterly super payments
Better cash flow visibility for employees
Reduced risk of unpaid super
TIME TO PREPARE: Now is the time to review your payroll systems and processes to ensure you're ready for this significant change.
Employers also need to look for a replacement for the permanent closure of Small Business Superannuation Clearing House on 1 July 2026, if they are using this service to process their super payments.
Want further information about payday super you can visit the Australian Taxation Offices website Payday Superannuation - Information Page or contact our office to discuss how we can support your business through this transition.
