Government’s Payday Super

Treasury has released a fact sheet with proposed details about the Government's 'payday super' measure. From 1 July 2026, employers will be required to make SG contributions on 'payday', the date of an ordinary times earnings payment to an employee.

There will be a new seven-day 'due date' for contributions to arrive in the employees' superannuation funds. Late contribution corrections will be simplified, and several other changes are proposed to support the transition to payday super.

The deadline for superannuation funds to allocate or return contributions will be reduced to three business days, and the ATO's Small Business Superannuation Clearing House will be retired from 1 July 2026.

Employers will be required to report OTE and total superannuation liability for employees in Single Touch Payroll to ensure correct identification of the SG. These changes aim to provide employees with more timely information about their superannuation contributions.

These changes are still in the form of a proposal and we expect there may be tweaks made to the details between now and 1 July 2026. We will keep you informed of any changes to the proposal as they come to light.

If you have any questions in relation to the matters discussed in this blog, please get in touch with us.