Under the new “Payday Super” legislation, employers will be required to pay their employees’ Superannuation Guarantee (SG) contributions at the same time their salary and wages are paid, rather than on a quarterly basis as is currently permitted.
What is changing?
From 1 July 2026:
- Superannuation contributions must be received by your employee’s super fund within seven calendar days of each payday.
- Employers will no longer be able to wait until the end of each quarter to make Superannuation Guarantee payments.
- The Australian Taxation Office (ATO) will receive more timely reporting and payment information from superannuation funds.
- Penalties for late or missed super payments are expected to become more stringent.
What does this mean for your business?
These changes may require updates to your payroll processes, cash flow planning, and payroll software settings to ensure superannuation contributions are calculated and remitted on time each pay cycle.
How we can help
If you require any assistance with the upcoming changes please contact our team to assist with:
- Reviewing your payroll processes
- Ensuring your existing superannuation obligations have been met
- Assessing cash flow impacts
- Ensuring payroll software is configured correctly
- Answering any questions you may have about the new requirements
If you would like to discuss how these changes may affect your business, please contact our office.
