Your next pay run must meet payday super rules
Pay runs past July 1 must be payday super compliant, meaning employers have less than 24 hours to prepare their payroll systems.
Pay runs past July 1 must be payday super compliant, meaning employers have less than 24 hours to ensure their payroll and accounting systems are ready for the landmark transition.
Businesses now have one last chance to stress-test their processes before the payment of superannuation guarantee (SG) contributions aligns with the payment of qualifying earnings.
From July 1, employers must ensure SG contributions land in their employees’ super funds within seven days of payday.
This will replace the existing super system, which allows employers to pay SG contributions on a quarterly basis.
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