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From July 1, 2026, Australian employers will need to pay Superannuation Guarantee (SG) contributions at the same time as wages or salary.
This is a major change from the current system, where super is paid quarterly. Under the new Payday Super rules, contributions must reach the employee’s super fund within seven business days of each pay run.
Recent research shows a large proportion of small businesses are still unaware or unprepared for this shift, despite being just months away from implementation.
Gaps in awareness and planning could create cashflow and compliance challenges if you’re not ready.
Key actions to take now include:
* Updating payroll systems to handle more frequent SG payments
* Planning cashflow to cover super each pay period
* Transitioning away from the ATO’s Small Business Super Clearing House before it closes on 30 June 2026.
Preparing ahead will help ensure compliance and protect your business from unnecessary penalties as Payday Super comes into effect
#accountant #tax #business
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