From 1 July 2026 employers will be required to pay their employees super at the same time as their salary and wages. By transitioning to payday super, the government aims to tackle the average annual $4.7 billion of unpaid super.
Millions of Australians will be better off in retirement due to superannuation changes announced by the federal Treasurer Jim Chalmers, as Australia s worst performing super funds are revealed.
The government’s move to make wages and super payable simultaneously prompts mixed reactions from stakeholders. Payday super is a win for workers but a burden for small business say stakeholders in