This change involves employers contributing compulsory superannuation for employees whenever they pay salary and wages. The current rule allows contributions to made within 28 days of the end of each quarter. 

This is a worthwhile change but it needs to be implemented with a great deal of care - as we have previously stated - because of the potential financial and administrative impacts on employers, payroll system firms, superannuation funds and others involved in the payment of employer superannuation. 

Last week the Treasury released exposure draft legislation on the Pay Day Super legislative amendments. The proposed changes are complex, and we are still considering all the implications with a wide range of other industry associations. 

We are very happy to receive input from our members. Please send your thoughts to [email protected]. Comments are due back to Treasury by 11 April. 

Employers Need Real-time Reporting 

In December 2024, the ATO was given a specific allocation to develop its employer superannuation contribution reporting system for itself. 

We are disappointed that the 2025/26 Budget Papers did not announce a specific budget allocation for the Australian Taxation Office to develop appropriate real time reporting for employers.  This is essential because the ATO will be the only entity with all relevant data. Without such a reporting mechanism, employers will be operating blind and may unwittingly fail this proposed new system. 

We will continue to advocate for this reporting system to be developed for employers.