ATO introduces payday super

Superannuation system update

On 2 May 2023 the Australian Government announced that from 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages.

The start date will provide employers, super funds, payroll providers and other parts of the superannuation system with sufficient time to prepare for the change. This measure is not yet law.

Treasury and the ATO will consult closely with industry and stakeholders on these changes in the second half of 2023.

For more information, see the Hon Stephen Jones MP joint media release here »

Read more about how Flor-Hanly can assist with superannuation or contact our team on 07 4963 4800.

Source: ATO