Werribee Accounting Service

08/04/2026

Late payment offset for super will soon no longer be available

Currently, employers who make a late super guarantee ('SG') payment can lodge a super
guarantee charge ('SGC') statement and use the late payment offset ('LPO') to reduce their
SGC liability by amounts paid late to a fund.
With Payday Super being introduced, this will no longer be available. The last time employers
can use the LPO is for the quarter ending 31 March 2026. Super for this quarter is due by
28 April 2026 and employers can claim LPO when lodging an SGC statement for any late
payments made up to and including 30 June 2026.
On 1 July 2026, Payday Super starts and employers will then effectively be required to pay
super for each payday. If an employer has an SG shortfall for the quarter ending 30 June
2026, SG payments made between 1 July and 28 July 2026 will first be used to reduce this
shortfall before being applied to Payday Super amounts.
Under Payday Super, late payments will automatically be applied under the law to the 'oldest'
outstanding Payday Super amount.
Employers can refer to 'Missed and late super guarantee payments' (QC 33750) on the ATO's
website for further information in this regard.
Ref: ATO website, Small Business Newsroom, 6 March 2026

06/03/2026

06/03/2026

09/01/2026

https://www.accountantsdaily.com.au/tax-compliance/22045-ato-cracking-down-on-tax-dodgers-trying-to-leave-the-country

The Tax Office is issuing departure prohibition orders as it moves to bolster payment performance and debt collection.

19/12/2025

That’s a wrap for the year 🎄✨

We celebrated the end of the year with our Christmas staff breakup and couldn’t be more grateful for the team we have. A big thank you to our clients as well your support means a lot to us and allows us to do what we do every day.

From all of us at Werribee Accounting Service, we wish you a safe, relaxing and happy holiday season. Here’s to some well-earned downtime and coming back refreshed in the new year.

See you when we open in the new year on 19 January 2026!

11/12/2025

What is Payday Super?
Payday Super is a new requirement that was proposed by the Federal Government in the May 2023 Federal Budget. Now that the legislation has been enacted on 6 November 2025, employers must pay employees superannuation contributions at the same time as their salary and wages (the employee’s qualifying earnings) instead of the current quarterly requirements.

Under the new rules, super must reach an employees’ super fund within 7 business days of payday. If employers are onboarding new staff, they will have 20 business days to make the first super payment. Super funds must then allocate or return contributions within 3 business days, reduced from the previous 20 business day timeframe.

Where superannuation guarantee (SG) contributions are received after the specified period, or are not made at all, employers will incur an SG shortfall and will be liable for the SG charge and associated administrative penalties.

Why is the Government proposing changes to SG (payday super)?
The Federal Government’s payday super legislation aims to create a fairer system and reduce unpaid super, which the ATO estimated at $6.2 billion in 2022–23*. It will also help employees grow their super balances sooner while making it easier for them to monitor their contributions.

When Does It Take Effect?
The legislation will take effect on 1 July 2026. From this date, all Superannuation Guarantee contributions, with very limited existing exclusions, must be paid in line with employee pay cycles.

Steps to Prepare for Payday Super:
1. Understand the legislation: Review the new requirements, timeline, and your obligations. Don't wait until 1 July 2026.
2. Check payroll systems: Confirm that your payroll software can support Payday Super and understand the cashflow implications for your business by paying super more frequently.
3. Confirm with your clearing house: Ensure your clearing house can process contributions on payday. For employers using the legalsuper clearing house (SCH), we will contact you early next year with details on our Payday Super preparations.

To learn more about Payday Super, you can visit the ATO’s Payday Super website
https://www.ato.gov.au/about-ato/new-legislation/in-detail/superannuation/payday-superannuation?mkt_tok=NzcyLUdTUS02MzcAAAGeqlNfoGvHiz7p18m-TFzfZzmgfb0fJuE9bS62hS7JPO_17tnzjFwTaFjLnawydpD6zl70Et1Ukop7eH72iN3AKngYLiTHIYOmkojIKULxbMbLV3MCPqkH

or view their short video outlining what the changes mean for employers.
https://share.viostream.com/bi9or7orsim83t?mkt_tok=NzcyLUdTUS02MzcAAAGeqlNfoBTGW2_4uBDsihMjhET1g62iuBe7Up_Oe3GMIz8O_3GXFR6YNoFo6mOo2UMieBuyzfdp1pwUj423qCC9E02-o9b67HI7qn2HA7sZ7SOyzw6l0X_J

Hear from Emma Rosenzweig, Deputy Commissioner about what Payday Super means for employers. Get ahead of these changes now to be ready for 1 July 2026.

08/12/2025

ATO ramps up its investigations re Fringe Benefits Tax obligations.

• Landmark decision confirms FBT minefield with benefits provided to directors and business owners
• RECENT guidance reveals traps with benefits provided by suppliers and clients
• ATO audit activity uncovers costly errors with employers providing gift cards and store vouchers
• FBT audits unearth mistakes with business travel and FBT documentation
• Recent advice highlights FBT traps with directors paying for employee meals
• Which FBT declarations and documentation will be targeted by the ATO in 2026?

more to come....

03/12/2025

https://www.worksafe.vic.gov.au/psychological-health

The Psychological health regulations are now in place, giving clear advice for employers to identify hazards and manage risks to psychological health.

Everything about psychological health in one place.

26/11/2025

NDIS providers face $16.5m fines, jail under
crackdown

12/11/2025

Don't get caught out; providing staff with benefits may attract fringe benefits tax at the rate of 47% on the grossed up value of the benefit.

See below for detail and re exemptions that may apply that ensure that the imposition of that tax is not triggered.

Work out if you can apply the minor benefits exemption to a benefit.