From www.pwc.com.au: Federal Treasury released draft legislation for Payday Super on March 14, 2025, requiring employers to contribute superannuation funds within seven days of salary payments, effective July 1, 2026.

This reform entails a single earnings base called ‘qualifying earnings’ for calculating superannuation contributions and introduces stricter compliance measures and penalties for late or non-payment.

Employers are encouraged to adopt proactive governance strategies and assess their payroll systems to comply with the new regulations and avoid significant administrative penalties.