Federal Government Introduces ‘Payday Super’ Bill
The Federal Government has introduced a Bill into Parliament proposing changes that would require employers to pay employees’ superannuation contributions concurrently with their wages and salaries.
Currently, employers are only required to make superannuation contributions at least once per quarter.
If passed, the proposed changes will take effect from 1 July 2026.
Under the proposed changes, it is intended employers would:
* Ensure super contributions are received by the employee’s fund within seven business days of payday, or they will be liable for the superannuation guarantee charge.
* Enable the Australian Taxation Office to better enforce compliance and more quickly identify employers failing to make contributions.
* Support a redesign of the superannuation guarantee charge, ensuring the system is fit for purpose under the new Payday Super framework.
MEA will remain engaged in the consultation process and continue to update members as the Bill progresses.
Read more about the bill here.
