Coco Hou CPA, CEO of Platinum Accounting Australia, is urging businesses to prepare for upcoming changes to the Australian Taxation Office (ATO) superannuation regulations. From 1 July 2026, employers will be required to pay employees’ superannuation at the same time as their salary and wages.
The Business Council strongly endorses the passage of the Government’s legislation to pay superannuation on the paid parental leave scheme, as a key step in closing the super balance gender gap for women. Business Council Chief Executive Bran Black said it was an important step
The Council of Small Business Organisations Australia (COSBOA) has expressed deep concerns over recent modifications to the superannuation payment system. The organization warns that these changes will disproportionately impact small businesses, leading to increased administrative burdens and financial costs. The Impact of Payday Super The
The Albanese Government will require super to be paid on payday, a reform that will benefit the retirement incomes of millions of Australians. From 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages. Paying
Small businesses call for an overhaul of the administration, payment, and notification systems for employer superannuation obligations and potential penalties. The current proposal for payday super doesn’t consider the complexities of making super payments and won’t resolve existing problems. Payday super raises processing costs for
The Albanese Government will require super to be paid on payday, a reform that will benefit the retirement incomes of millions of Australians. From 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages. This simple
A government change requiring superannuation to be paid on payday could mean a young employee will be several thousand dollars better off by retirement. The reform – which will not come in until July 1 2026 – will benefit the retirement incomes of millions of
Under the existing Super Choice rules, employers are required to offer eligible employees the choice of which superannuation fund they would like their superannuation paid to. When an employee doesn’t nominate a fund, the employer can make the payments into the employer’s default fund. From
From 1 November 2021, you may need to request stapled super fund details from us for new employees that don’t choose a super fund. Most new employees are eligible to choose the super fund you pay their super guarantee contributions to. Currently, when a new
The Morrison Government has yesterday introduced legislation into parliament to ensure the superannuation system works harder for all Australians. These measures will reduce waste in the system and save Australian workers $17.9 billion over 10 years by holding underperforming funds to account and strengthening protections
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