03/05/2026
📢 Employers – Important SUPER UPDATE coming from 1 July 2026
From 1 July 2026, new Payday Super legislation will require employers to pay superannuation within 7 business days of each payday.
This means superannuation will need to be processed more frequently and closer to when wages are paid.
🎯 What can you do now to prepare?
1️⃣Review your payroll cycle – You may consider changing your payroll circle from weekly to fortnightly or monthly to reduce processing time.
2️⃣ Check your cash flow planning to ensure funds are available at each payday.
3️⃣Confirm all employee super fund details are up to date.
🎯 Payroll Software Guidance
⭐️Xero or MYOB: both systems already support automated super payments and we can assist with the setup.
⭐️QuickBooks, Payroller, Payroo, or other systems: Super payment can be processed via BEAM or
⭐️ Other payroll software not offering direct super payments: you may consider using a super clearing house (such as AustralianSuper QuickSuper, Hostplus QuickSuper) to manage your contributions.
Preparing early will help ensure a smooth transition when the new rules begin.
Should you have any questions or require assistance in preparing for these changes, our team is ready to support you.
Kind regards,
TNT Accountancy Team
