Payday Super Reforms: A Challenge for SMEs
Small businesses are warning that their payroll software and back-office systems may not be ready to comply with the federal government's planned payday superannuation reforms, which could result in financial penalties.
The Labor government is introducing changes that will take effect from July 1, 2026, requiring employers to submit superannuation payments for employees at the same time as wage and salary payments.
Small firms may face potential financial penalties if they fail to comply with the new reforms.
- Reforms to take effect from July 1, 2026
- Employers must submit superannuation payments with wage and salary payments
Author's summary: SMEs face challenges with payday super reforms.
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