Payday Superannuation: Are You Ready?
From 01 July 2026, the Australian Tax Office (ATO) will require employers to pay Superannuation Guarantee (SG) contributions at the same time as wages, rather than quarterly. This reform known as Payday Super is designed to improve the timeliness and accuracy of super payments, reduce unpaid super and enhance retirement outcomes for employees.
To comply, employers should ensure their payroll systems can process super payments in real time, ensuring the contributions can reach the employee’s super funds within seven days of each payday.
As part of this reform, the ATO’s free Small Business Superannuation Clearing House (SBSCH) will permanently close on 01 July 2026. New registrations have already ceased.
We recommend the following to ensure a smooth transition:
- Reviewing your payroll systems now to ensure they support real-time processing.
- Speaking with your accountant to understand the impact on your business and cashflow.
- Transitioning to more frequent super payments using the new system well before the deadline.
For clients using Xero or MYOB Payroll, we recommend signing up for the Automatic Superannuation features now to ensure it is properly set up. If you currently use the ATO SBSCH or any other software, please reach out to someone from our office to discuss other alternative solutions.
Here are some helpful resources to help you understand the new rules:
General Advice Warning
The information provided in this article is for general information purposes only and is not intended to and does not constitute formal
taxation, financial or accounting advice. McConachie Stedman does not give any guarantee, warranty or make any representation that the
information is fit for a particular purpose. As such, you should not make any investment or other financial decision in reliance upon the
information set out in this correspondence and should seek professional advice on the financial, legal and taxation implications before
making any such decisions.