Are you ready for Pay Day Super?

The ATO has introduced new draft regulations to parliament which would change when superannuation payments need to be made for your employees. If legislated this would come into effect from 1 July 2026. The proposed changes include:

• The ATO Small Business Superannuation Clearing House (SBSCH) will close on 1 July 2026, and is already closed for new employer registrations as of 1 October 2025.
• Employers will be required to ensure superannuation is received by employees’ super funds within 7 business days of payday. This applies to both super guarantee (SG) on ordinary time earnings and salary sacrifice amounts.
• For irregular payments (such as bonuses and contractor payments) the relevant payday is the next regular cycle payday.
• Extensions to this timeframe may apply for new employees or those who have changed their super fund.
• There will be changes to how SG is calculated, with further details to be provided as legislation is finalised.

Many accounting software already have integrated superannuation clearing house solutions, which may assist in streamlining the payment of superannuation going forward. If you have any questions about how this change impacts your business and how you can get ready for the change, please reach out to a member of our team. Article written by Jasmin Smith-Jenkins, R+M Supervisor, Business Services