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Time to Act: Australia's Payday Super Reform Takes Effect on 1 July 2026
Australia's superannuation system is set for a major shift with the introduction of "Payday Super," effective 1 July 2026. This reform requires employers to align superannuation contributions with payroll cycles, improving transparency and strengthening retirement outcomes for employees.
| What it means for employers
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- Payday Super requires employers to pay superannuation contributions every time employees are paid.
- This means super is no longer grouped and paid monthly or quarterly. Instead, super is calculated as part of each pay run, and the fund must receive contributions in line with the regular payroll cycle.
- The contribution must be deposited with employees' super funds within seven business days after paying employees.
- Under this model, superannuation becomes a pay-by-pay obligation, closely aligned with wage payments. Every time a payroll event is processed, the corresponding super contribution must be processed and remitted with sufficient lead-time for the super fund or clearing house to receive it by payday.
- Late payments may result in penalties like the current Superannuation Guarantee Charge (SGC), including interest and administrative fees.
| What it means for employees
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Employers will deposit super contributions more frequently, helping employee's access investment returns sooner and minimizing the risk of unpaid or late super.
- Superannuation Guarantee (SG) is still calculated on ordinary time earnings (OTE)
- The SG rate remains at 12%
- Eligibility rules and SG calculations remain the same.
| Due Dates for contributions under the new framework
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- Super contributions are due at the same time as employee wage payments (each payday).
- Super contributions must be received by the super fund within 7 days of payday.
- For new employees or employees who have changed funds, the employer will have a longer timeframe of 20 business days to make their first payment.
- Employers should allow additional processing time if using a clearing house.
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