12/01/2026
๐๏ธ What IS Payday Super?
From 1 July 2026, employers must pay Superannuation Guarantee (SG) contributions at the same time they pay employeesโ wages and salaries, not quarterly as they do now.
๐ฐ When Super Must Be Paid
SG must be calculated for each pay cycle and received by the employeeโs super fund within 7 business days of payday (exceptions apply in limited cases, like first-time contributions for new employees).
๐ New SG Rules and Definitions
A new earnings measure, โQualifying Earningsโ (QE), will be used to calculate SG contributions.
The maximum contributions base will change from quarterly to an annual cap for some schemes.
๐ซ Small Business Super Clearing House (SBSCH)
The Australian Taxation Officeโs Small Business Superannuation Clearing House will close because itโs not suitable for high frequency (payday) processing. Employers need to use alternative systems.
๐ง Why the Reform Is Happening
Itโs designed to reduce unpaid and late super payments (a persistent problem costing billions yearly), improve transparency and compliance, and help workers see their super grow sooner.
More frequent payments also mean contributions can start earning returns sooner, potentially enhancing retirement balances over time.
๐ What Employers Need to Do Before 2026
Review and update payroll systems and processes.
Ensure clearing/banking systems are aligned with shorter payment windows.
Test systems to handle frequent contributions and reporting requirements.
๐ Impacts & Considerations
Employers may face cash flow and administrative changes since they can no longer hold super money for months.
Stiffer penalties and better ATO detection are expected for late or missed payments