Published: April 2025
Payday Super is on the horizon — is your business prepared?
From 1 July 2026, a significant update to Australia’s superannuation system will require employers to pay super contributions at the same time they process employee wages, replacing the current minimum quarterly payment due dates.
This reform, known as Payday Super, is designed to combat the persistent issue of unpaid superannuation — which is estimate to have left Australian workers short by over $5 billion in the 2021–22 financial year.
By aligning super payments with the employee pay cycle, employees will benefit from more consistent contributions and enhanced compounding, potentially boosting long-term retirement savings. However, this shift is also raising concerns across the payroll and accounting sectors, especially around how quickly payroll software and super clearing houses can adapt. Bookkeeper favourites such as Xero and MYOB we believe will be ready in time.
Although the legislation is still being developed, the government is collaborating with the ATO, Treasury, and industry leaders to shape the transition.
