Payday super major reform ahead for employers sovereign private 323043696884
Published: 2-Dec-25
Payday Super: Major reform ahead for employers - Sovereign Private
Draft legislation confirms that from 1 July 2026, super must be paid at the same time as wages. Employers will need to ensure contributions reach employees’ funds within seven calendar days, ending quarterly cycles. Weekly payrolls in particular, face a steep rise in processing frequency. The Small Business Superannuation Clearing House will be discontinued. Key changes include a shift from a fixed 10% interest on late payments to the ATO’s higher variable GIC rate, and replacing SG statements with simpler voluntary disclosure forms. With tougher penalties for repeat non-compliance, payroll teams should act now to get systems ready.
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