Payday super progressing, employers note
Legislation enacting the payday super reforms, tying the payment of superannuation guarantee to the payment of employee wages, was tabled in Parliament recently.
Key points
- The system is designed to ensure more timely payments into funds of employees super monies on wages.
- With new laws set to take effect from 1 July 2026, small businesses need to consider cash flow impacts in order to meet deadlines.
- Allan Hall advisors are working with many business owners to ensure cash flow is adequate and prepared for.
Please reach out if you would like to discuss further, or require our assistance.
While Payday super is not yet law, watch this space for updates.