Payday Super changes pending
From the 1st of July 2026, employers will be required to pay their employees super with every pay cycle, as opposed to quarterly. Under the changes proposed in the Payday Super scheme,
- an individual’s superannuation guarantee (SG) contributions must be received by the Superfund within seven (7) days of their wage or salary being paid.
If an employer fails to pay on time, they will be liable to pay an SG charge. Under the new laws, the SG charge will be modified to ensure employees a fully compensated for any delay in their SG payment. The SG charge will be tax deductible to the business, but any penalties applied on top, will not Find more information here.
