From www.claytonutz.com: On March 14, 2025, the Treasury released an exposure draft proposing Payday Super reforms that would require employers to pay superannuation guarantee contributions within seven days of employee earnings, starting July 1, 2026.

The reforms aim to align superannuation contributions with payroll schedules, introduce penalties for noncompliance, and redesign the current superannuation charge system to include new components and incentives.

Employers need to update payroll systems and understand new compliance obligations to avoid significant penalties.