The Countdown to Payday Super
- johnry8
- Oct 31
- 2 min read
After years of concern about delayed or unpaid superannuation contributions, the federal government has introduced the “Payday Super” legislation, a reform many in the industry say is long overdue.
What is Payday Super?
From 1 July 2026, employers will be required to pay superannuation guarantee (SG) contributions at the same time as wages or salary payments, rather than on the current quarterly basis.
Key details:
Super contributions must be received by the employee’s fund within seven calendar days of payday.
The earnings base for SG remains aligned with Ordinary Time Earnings (OTE).
Employers will need to update payroll and reporting systems to comply with the new timing and submission rules.
Why It Matters
This reform aims to close the gap on unpaid or late super payments, helping employees build stronger retirement savings. Benefits include:
Faster contributions mean compounding of savings starts earlier.
More frequent payments make it easier for employees and regulators to detect missed or delayed contributions.
A simpler and more transparent payroll/super process for businesses and funds.
What Employers Should Do
Review and update payroll systems so that super is paid at the same time as wages.
Plan cash flow for more frequent SG payments (weekly, fortnightly or monthly depending on pay cycle).
Prepare for the closure of the Small Business Superannuation Clearing House (SBSCH) from 1 July 2026 (for those using it).
Understand the consequences: non-compliance may attract the SG charge and other penalties.
For Employees
Workers will start to see super contributions arrive sooner, improving transparency, reducing the risk of missed payments and supporting stronger retirement balances.
At Rise Accountants, we can help you navigate this transition and ensure full compliance.
Call 07 31308057 or book your free discovery call today.