Payday Super is Coming

What is changing?

•   Super must be paid at the same time as wages (no more quarterly payments)
  
•   Super must be received by the employee’s super fund within 7 business days of payday
  
•   Super calculated at 12% of Qualifying Earnings (QE)
  
•   Super and earnings reported each pay run via Single Touch Payroll (STP)
  
•   Higher penalties apply if super is late or incorrect

ATO Small Business Super Clearing House is closing

•   Small Business Superannuation Clearing House (SBSCH) closes permanently on 1 July 2026
  
•   Existing users can only use the service until 30 June 2026
  
•   The SBSCH will not support Payday Super
  
•   All SBSCH records must be downloaded before 1 July 2026

What you should do now

•   Review your payroll software to ensure it supports Payday Super
•   Move to a compliant clearing house or payroll solution early
  
•   Check employee super fund details are correct
  
•   Plan for super to be paid every payday
  
•   Download and retain SBSCH records
  
• Need help getting ready?

We can assist with:

•   Payroll system reviews and setup
  
•   Selecting a compliant clearing house or payroll solution
  
•   Cash-flow planning for Payday Super
  
•   Ongoing compliance support

Contact us to discuss how these changes affect your business.