The Government’s new legislation which requires employers to pay their employees’ super at the same time as their salary and wages has passed Parliament and is awaiting royal assent.
From 1 July 2026, the new law requires employers to ensure super contributions are received by the employee’s fund within seven business days of payday, or they will be liable for the superannuation guarantee charge (‘SG charge’). This helps the ATO identify employers who are not making contributions. The SG charge is redesigned to be fit-for-purpose and make ‘Payday Super’ work.
The ATO is consulting on its approach to compliance for the 12 months after the change starts. This approach will differentiate between low and high-risk employers. Accordingly, employers who are making the effort to pay contributions in line with each pay cycle will fall into the low-risk category.
Tags: payday super law