Post by Hall Chadwick Melbourne

Payday Super is coming: What your business needs to know 🔍 What’s changing? Current system: • SG paid monthly (at least quarterly) • Contributions due within 28 days after quarter-end From 1 July 2026: • SG paid on every payday (weekly, fortnightly, monthly) • Contributions must reach the fund within 7 business days • SG applies to expanded “qualifying earnings” 🎯 Why the change? The Government aims to: • Reduce unpaid or late super • Improve transparency for employees • Boost retirement outcomes through earlier compounding • Strengthen ATO compliance and visibility ⚠️ What this means for your business This isn’t just a timing change - it’s an operational shift. • More frequent payments: Super processed every pay run, not quarterly • Increased admin burden: Payroll, HR, and finance systems must handle real-time processing • Cash flow impact: No more holding super until quarter-end • Stronger compliance pressure: Greater ATO visibility and penalties for errors or delays ✅ Key actions to start now 1. Review payroll systems: Ensure your software can handle per-pay-cycle super and SuperStream compliance 2. Clean up data: Validate employee super fund details to avoid payment delays 3. Update processes & controls: Embed real-time calculations and timely payment checks 4. Assess cash flow: Model the shift from quarterly to payday contributions 5. Plan for system changes: The ATO Small Business Super Clearing House closes from July 2026 6. Educate your team: Align payroll, finance and internal policies early 💡 Practical tips • Super is only “paid” when it hits the fund - allow clearing time • Consider starting Payday Super early to test systems • Review payroll frequency (where awards allow) to manage admin costs • Be mindful of exceptions for off-cycle payments 🤝 How we can help Payday Super is a major compliance and operational shift - and early preparation is key. If you’d like to understand how these changes will impact your business or want a copy of our Payday Super information sheet, get in touch with our team: 📞 +61 3 9820 6400 📧 [email protected] 🌐 hallchadwick.com.au Disclaimer: This is general information only and does not constitute advice. You should seek professional advice before acting on any of the above, as legislation may change.