Downside of payday super for small businesses

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

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How Payday Super will work starting in July

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

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Major changes to employee’s superannuations

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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The ACCC warns of new superannuation scam targeting COVID-19 decision

The Australian Competition & Consumer Commission (ACCC) released a recent warning regarding a new superannuation scam. The scam takes advantage of the government’s decision to allow Australians partial access of their superannuations starting mid-April to lessen the financial impact of COVID-19. Since the government’s superannuation

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