Starting 1 July 2026, the Australian Government is implementing a significant reform to superannuation payments. Employers will be required to pay superannuation alongside wages, rather than on a quarterly basis. This change, known as “Payday Super,” is part of the government’s effort to protect employee retirement savings and prevent unpaid or underpaid superannuation.

Key benefits for businesses and employees include:

• More frequent super payments, helping employees track their entitlements and secure their future retirement savings.

A smoother payroll process for employers, reducing the risk of accumulating liabilities.

Enhanced compliance through the ATO, with penalties for delayed payments to safeguard workers.

This reform will complement other superannuation changes, including the increase in the Superannuation Guarantee to 12% by July 2025.

Stay ahead of the game and ensure your payroll systems are prepared for this new requirement. Contact us at Astute Business Consultants to simplify your payroll process and ensure full compliance with these upcoming changes.

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