From www.dbalawyers.com.au: The Australian government plans to introduce a Payday Super regime requiring employers to pay superannuation guarantee contributions simultaneously with employees’ salary payments starting from July 1, 2026.
The proposed legislation aims to tighten SG contribution timelines from the current quarterly payments to a 7-day deadline, raising concerns about the ability of existing payroll and superannuation systems to accommodate this change effectively.
Employers must prepare for the transition and consider how to adapt their payroll systems to ensure compliance and avoid significant penalties for late payments.