Payday Super officially begins from 1 July 2026.
Payday Super means employers must pay superannuation contributions at the same time as salary and wages (no later than 7 business days after the payday). This is a significant shift in how super is managed, moving from quarterly payments to aligning contributions with your weekly, fortnightly or monthly pay cycle.
Employee superannuation funds must land and settle within your employee’s superannuation fund account within seven business days. Please note the ATO will have increased visibility over non-compliance, with strict penalties for late or missed payments under the updated Superannuation Guarantee Charge (SGC). Missing the 7 business day window – even by 24 hours – triggers the new Superannuation Guarantee Charge (SGC). This includes daily compounding interest and administrative “uplifts” of up to 60%.
The ATO will also be retiring its Small Business Superannuation Clearing House (SBSCH) effective from 1 July 2026. This means you must switch to a commercial alternative that uses real-time (NPP) payments to ensure contributions are received within the strict seven-day window.
For Readysell Customers using Employment Hero (Key Pay) please click on this Payday Super Link for further information and additional resources on Payday Super and on HeroClear – Employment Hero’s Payday Super clearing house solution.
We urge all Readysell customers to contact your financial advisor or payroll provider to ensure you are ready on 1 July 2026