As announced in the 2023–24 Budget, employers may soon be required to pay their employees’ superannuation guarantee entitlements on the same day that they pay salary and wages. Consultation has now been opened, to provide industry and stakeholders an opportunity to provide input on implementing payday superannuation and a redesigned compliance framework to encourage employers to pay their super as close as possible to payday. Subject to the passage of legislation, the Securing Australians’ Superannuation package will commence from 1 July 2026.
To view the consultation paper and to provide input by 3 November, click here.
