The exposure draft legislation to introduce Payday Super was released for consultation on 14 March 2025. This provides an overview of the key changes and considerations for next steps.
Payday super takes effect from 1 July 2026. All steps in the process including determining, reporting, paying and clearing of funds into super accounts will need to happen in 7 calendar days of paying employees. There will be changes to the superannuation guarantee regime and Single Touch Payroll reporting.
