What is payday super and what will it mean for your business?

The government has announced that from the first of July 2026, all Australian businesses will be required to pay their employees superannuation on the same day that their regular pay cycle falls on. This is part of a raft of changes designed to ensure all employees are not missing out on their super, and that they receive it in a more timely manner.

What does this mean for you?

If you use the Small Business Superannuation Clearing House, it’s going away and you will need to find an alternative before the first of july 2026.

If you are not in compliance with STP2, you must make this a priority as soon as possible as the superannuation accruals and payments will be reported through this system.

Penalties for non-lodgement are increasing sharply, and apply from 7 days after the normal pay date. These penalties will accrue even before the ATO begins an assessment, and include both interest and fines of up to 60% of the total owing.

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Disclaimer

This information is intended to be general in nature and is not personal financial advice. It does not take into account your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided in relation to your own circumstances.