We’re on the final countdown to 1 July and one of the biggest changes to Australia’s super system in decades.
Our new video covers the 3 things you should focus over these next few weeks to help make sure you’re ready for when Payday Super starts.
Media: Countdown to Payday Super - one month to go
https://tv.ato.gov.au/ato-tv/media?v=bd1bdiurhu7hjbExternal Link (Duration: 2:34)
Focus areas for your business
Make sure your systems are ready
You need to set up your systems to pay employees each payday.
Payroll and super processes should support the SuperStream changes and be able to report qualifying earnings through Single Touch Payroll (STP).
It may take a few pay cycles to settle into the new process, so consider whether your business can start paying super more frequently now.
Fix any errors
Super payments will need to reach your employee's super funds within 7 business days after payday.
You should run test payments now and check employee records are correct to minimise potential timing issues, such as errors and rejected payments.
The 7 days is not extended if something goes wrong. By fixing problems early, you can avoid dealing with them at the last minute. You'll also avoid the super guarantee charge (SCG).
Plan for July
You may have multiple super payments due in July, including:
- super payments due each payday
- the final quarterly super payment due 28 July 2026.
Review your expected pay cycles and plan to manage your cash flow for more frequent payments.
We understand with something new, things may not be perfect the first time. This is why acting now is so important. It shows you’re taking steps in the right direction to meet your obligations.
Take advantage of our employer checklist and more at ato.gov.au/PaydaySuper
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